证券代码：600576 证券简称：祥源文旅 公告编号：临 2025-050 浙江祥源文旅股份有限公司 本次业绩说明会以网络互动形式召开，公司将针对 2025 年半年度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 10 月 13 日上午 11:00-12:00 （二）会议召开地点：上证路演中心（https://roadshow.sseinfo.com/） 会议召开时间：2025 年 10 月 13 日上午 11:00-12:00 会议召开地点：上证路演中心（https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2025 年 9 月 26 日至 10 月 10 日 16:00 前登录上证路演中心网站 首页点击"提问预征集"栏目或通过浙江 ...

格隆汇9月25日丨祥源文旅(600576.SH)在互动平台表示，公司已布局冰雪相关文旅业务，旗下湖南莽山 五指峰景区是核心载体。该景区每年11月至次年2月，因独特气候易形成云海、雾凇等自然冰雪景观， 且景区会同步举办"欢乐雪人节"等主题活动，为游客提供冬季特色游览体验。未来公司将持续优化冰雪 季运营，进一步挖掘冰雪文旅价值。 ...

格隆汇9月25日丨祥源文旅(600576.SH)在互动平台表示，目前齐云山景区暂未与小说《剑来》联名出品 文创产品。不过，齐云山因与《剑来》的文化关联，已成为众多书迷的"圆梦打卡地"，景区内也融入了 相关文化元素。 ...

Core Viewpoint - Xiangyuan Cultural Tourism's stock price has shown a year-to-date increase of 13.64%, but has recently experienced a decline of 6.45% over the past five trading days, indicating potential volatility in the market [2]. Company Overview - Xiangyuan Cultural Tourism Co., Ltd. is located at 12th Floor, Baima Building, Midu Bridge Road 1, Hangzhou, Zhejiang Province, and was established on September 24, 1992, with its stock listed on February 20, 2003 [2]. - The company's main business involves internet services centered around mobile internet animation, with revenue composition as follows: 63.03% from tourist attractions, 12.43% from tourism services, 8.36% from tea sales, 7.07% from animation and film, 6.60% from vacation services, and 1.33% from other sources [2]. Financial Performance - For the first half of 2025, Xiangyuan Cultural Tourism achieved a revenue of 500 million yuan, representing a year-on-year growth of 35.41%, and a net profit attributable to shareholders of 91.609 million yuan, up 54.15% year-on-year [2]. - The company has cumulatively distributed 22.6807 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Xiangyuan Cultural Tourism reached 38,500, an increase of 26.62% from the previous period, with an average of 17,145 circulating shares per person, down 21.02% [2]. - The top ten circulating shareholders include Zhuque Hengxin, Morgan Emerging Markets, and several other funds, with notable increases in holdings for these entities [3].

Core Insights - Zero Gravity Aircraft Industry (Hefei) Co., Ltd. has completed nearly 100 million yuan A++ round strategic financing to advance airworthiness certification and core product development [2] - The company, established in 2021, is the first in China to develop three types of electric aircraft, including eCTOL, eVTOL, and tilt-rotor models [2][6] - The RX1E series electric fixed-wing aircraft is currently the main revenue source, with over 100 confirmed orders and more than 1,000 intended orders [2][4] - The company is focusing on low-altitude tourism as a key application area, leveraging partnerships with various governments to explore deep integration of aviation equipment and tourism [2][9] Company Developments - The RX1E series is expected to generate early cash flow, while the ZG-ONE eVTOL is in the process of obtaining its type certificate [2][6] - A wholly-owned subsidiary, Zero Gravity Aviation, has been established to provide pilot training services for RX1E aircraft owners [2][4] - The ZG-T6 tilt-rotor eVTOL is in the testing phase, with flight trials imminent [2][8] Investment Perspective - Investors, including Yunshi Capital and Yancheng Huanghai Huichuang Technology Low-altitude Economic Industry Investment Fund, recognize the company's technological advancements and market insights as key factors for their investment [9] - The collaboration with tourism resources is expected to enhance the commercial viability of the company's products in low-altitude economic sectors [9]

Group 1 - The core viewpoint of the article is that Zero Gravity Aircraft Industry has completed a strategic financing round of nearly 100 million yuan, marking a significant step in the integration of low-altitude economy and cultural tourism industry [1] - The financing was jointly invested by Yunshi Capital and Xiangyuan Cultural Tourism Equity Fund, indicating strong support for the company's development in the new energy aircraft sector [1] - The company focuses on the research and development of new energy aircraft, including electric fixed-wing aircraft and electric vertical take-off and landing (eVTOL) vehicles, and is the first domestic eVTOL enterprise to develop three generations of models simultaneously [3] Group 2 - The company's core products, the eCTOL Rui Xiang RX1E-A and RX1E-S electric fixed-wing aircraft, are set to achieve their first deliveries this year, establishing a stable revenue source [5] - The multi-rotor eVTOL ZG-ONE model's type certificate application has been accepted by the Civil Aviation Administration of China, with preliminary agreements on the assessment basis and compliance verification plan [5] - The tilt-rotor eVTOL ZG-T6 is about to enter the flight testing phase, indicating ongoing advancements in the company's product development [5]

Group 1 - The tourism concept stocks in the A-share market experienced a collective decline, with notable drops in stocks such as Guilin Tourism down over 9% and Xi'an Tourism down over 8% [1] - Other companies also faced significant declines, including Caesar Travel down over 6%, Overseas Chinese Town A down over 6%, and several others down over 5% [1] - The overall market sentiment for tourism stocks appears negative, reflecting broader challenges in the sector [1] Group 2 - Specific stock performance data shows Guilin Tourism at a decline of 9.31% with a market capitalization of 3.193 billion, while Xi'an Tourism fell by 8.27% with a market cap of 3.206 billion [2] - Caesar Travel reported a decline of 6.75% with a market cap of 9.976 billion, and Overseas Chinese Town A decreased by 6.30% with a market cap of 20.3 billion [2] - Other notable declines include Nanjing Commercial Travel down 5.73% and Lingnan Holdings down 5.49%, indicating a widespread downturn across various tourism-related companies [2]

Core Viewpoint - Zero Gravity Aircraft Industry has successfully completed a new round of financing, marking its sixth round since establishment, with a focus on accelerating the development of low-altitude economy applications through the introduction of cultural tourism capital [1][3][5]. Financing Details - The recent A++ round strategic financing raised nearly 100 million yuan, with investments from Yunshi Capital and Xiangyuan Cultural Tourism Fund [1][4]. - This financing is notable as it is the first time cultural tourism capital has been introduced into Zero Gravity's funding structure [5][9]. Company Overview - Founded in March 2021 and headquartered in Hefei High-tech Zone, Zero Gravity focuses on the development of new energy aircraft, including electric fixed-wing aircraft and electric vertical take-off and landing (eVTOL) vehicles [3][4]. - The company is recognized as the first domestic eVTOL enterprise to develop three generations of aircraft models concurrently [3]. Product Development and Achievements - Zero Gravity has made significant progress in technology research and commercialization, with core products like the eCTOL RX1E-A and RX1E-S electric fixed-wing aircraft set for delivery this year [3][4]. - The multi-rotor eVTOL ZG-ONE has had its type certificate application accepted by the Civil Aviation Administration of China, and the tilt-rotor eVTOL ZG-T6 is preparing for test flights [3][4]. Future Plans - The financing will accelerate the production and delivery of the RX1E series, advance the airworthiness certification process for ZG-ONE, and promote the commercialization of green aviation flight camps [4][9]. - The partnership with Xiangyuan Cultural Tourism is expected to enhance Zero Gravity's strategic focus on integrating low-altitude services with cultural tourism, providing rich application scenarios and commercial orders [9].

Market Overview - On September 19, the tourism and scenic spots sector rose by 2.53% compared to the previous trading day, with Xiyu Tourism leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Top Performers - Xiyu Tourism (300859) closed at 56.99, up 12.61% with a trading volume of 294,300 shares and a transaction value of 1.603 billion [1] - Yunnan Tourism (002059) closed at 7.35, up 10.03% with a trading volume of 178,600 shares and a transaction value of 131 million [1] - Guilin Tourism (000978) closed at 7.68, up 10.03% with a trading volume of 627,900 shares and a transaction value of 456 million [1] - Qujiang Cultural Tourism (600706) closed at 13.06, up 10.03% with a trading volume of 685,900 shares and a transaction value of 868 million [1] Underperformers - Caesar Travel (000796) closed at 6.75, down 4.53% with a trading volume of 1,914,400 shares and a transaction value of 1.304 billion [2] - Tianfu Cultural Tourism (000558) closed at 6.84, down 3.80% with a trading volume of 1,628,700 shares and a transaction value of 1.122 billion [2] - Dalian Shengya (600593) closed at 36.35, down 2.00% with a trading volume of 90,300 shares and a transaction value of 328 million [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 133 million from main funds, while retail investors saw a net inflow of 114 million [2] - The main funds' net inflow for Xiyu Tourism was 75.07 million, while retail investors had a net outflow of 53.80 million [3] - Guilin Tourism had a main fund net inflow of 52.46 million, but a retail net outflow of 53.02 million [3]

Group 1 - The core viewpoint of the news is the performance and financial metrics of Xiangyuan Cultural Tourism Co., Ltd., highlighting its stock price increase and market capitalization [1] - As of September 19, Xiangyuan Cultural Tourism's stock rose by 6.09%, trading at 8.88 CNY per share, with a total transaction volume of 239 million CNY and a turnover rate of 4.30%, resulting in a total market value of 9.364 billion CNY [1] - The company, established in 1992 and listed in 2003, has its main business focused on mobile internet animation, with revenue contributions from various segments including tourism attractions (63.03%), tourism services (12.43%), tea sales (8.36%), animation and film (7.07%), and vacation business (6.60%) [1] Group 2 - From the perspective of fund holdings, Penghua Fund has a significant position in Xiangyuan Cultural Tourism, with its Penghua Industry Select Mixed A Fund holding 2.8638 million shares, accounting for 3.81% of the fund's net value, ranking as the tenth largest holding [2] - The Penghua Industry Select Mixed A Fund, established on May 9, 2018, has a current scale of 517 million CNY and has achieved a year-to-date return of 33.11%, ranking 2439 out of 8172 in its category [2] - Over the past year, the fund has delivered a return of 70.75%, ranking 1662 out of 7980, and since its inception, it has achieved a total return of 75.94% [2]