Changbai Mountain: Shareholder Jilin Sen Gong reduces holdings by 650,000 shares, cashing out approximately 32.2275 million yuan

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 27, Changbai Mountain Tourism Co., Ltd. (stock abbreviation: Changbai Mountain, stock code: 603099) announced the expiration of its shareholder reduction plan and the results of the reduction. The announcement states that China Jilin Forest Industry Group Co., Ltd., due to its own funding needs, plans to reduce no more than 1% of the company’s total share capital, which is no more than 2,723,558 shares. The reduction period is from December 1, 2025, to February 28, 2026.

The actual reduction was 650,600 shares, accounting for 0.239% of the company’s total share capital, with a reduction price range of 43 to 51.39 yuan per share, totaling 32,227,490.81 yuan.

After the reduction, Jilin Sen Gong holds 12,556,903 shares, accounting for 4.61% of the company’s total share capital. The reduction plan was not fully completed, with 2,072,958 shares remaining to be reduced.

According to Tianyancha, Changbai Mountain was established on December 8, 2010, with a registered capital of 272.35586 million RMB. The legal representative is Wang Kun, and the registered address is Chi Bei District (Bailin West District, Heping Street). Its main businesses include tourism passenger transportation, hot spring development, hotel management, travel agency services, and scenic area management.

Currently, the company’s chairman is Wang Kun, the secretary of the board is Duan Guoyan, with 1,298 employees. The actual controlling shareholder is the State-owned Assets Supervision and Administration Commission of the Changbai Mountain Protection and Development Zone Management Committee, Jilin Province.

The company has stakes in 7 subsidiaries, including Jilin Province Changbai Mountain Lanjing Hot Spring Development Co., Ltd., Jilin Tianchi Hotel Management Co., Ltd., Jilin Changbai Mountain Tianchi International Travel Agency Co., Ltd., Changbai Mountain Protection and Development Zone Yuehua Ecological Products Co., Ltd., and Jilin Tianchi Enterprise Management Consulting Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 195 million yuan, 620 million yuan, and 743 million yuan, respectively, with year-on-year growth of 1.10%, 218.73%, and 19.81%. The net profit attributable to shareholders was -57.3856 million yuan, 138 million yuan, and 144 million yuan, with year-on-year growth of -11.18%, 340.59%, and 4.48%. During the same period, the company’s asset-liability ratio was 15.33%, 15.65%, and 19.68%.

Regarding risks, Tianyancha data shows the company has 23 internal Tianyan risks, 347 surrounding risks, 37 historical risks, and 121 warning alert risks.