Yuyuan faces delays, sets new capital spending plan

Shanghai Yuyuan Tourist Mart Group (SSE:600655) faces shifting financial headwinds as it plans its business strategy for 2025. While releasing its 2024 earnings and proposing a cash dividend of 1.90 RMB per 10 shares, the company is also strategizing to adjust business activities. A special audit report flagged the company's previous non-operating capital occupations, a factor that has seemingly informed a more cautious approach to capital expenditures and project timelines.