Group 1: Company Overview and Performance - The company achieved a revenue of 137 million CNY and a net profit of 12.06 million CNY in Q1 2024, indicating a focus on recovery as the tourism season approaches [3] - The company operates several 5A level tourist attractions, including the Bifengxia Scenic Area and Phoenix Ancient City, showcasing a rich tourism resource [2][3] - During the May Day holiday in 2024, the company welcomed 292,900 visitors, a 10.72% increase compared to the same period in 2023 [6] Group 2: Business Strategy and Development - The company is focusing on the development of its core business areas, including "destination vacation, animation and film, cultural consumption, and digital technology" [8] - Plans are in place to enhance the panda-themed tourism experience at Bifengxia, including new attractions and high-end accommodations [7] - The company aims to create a one-stop travel service brand, "Xiangyuan Travel," to improve service quality and brand influence [8] Group 3: Investor Relations and Market Concerns - The company has faced a decline in stock price, dropping from 10 CNY to around 5 CNY, raising concerns among investors regarding management and operational strategies [8][9] - The company has not distributed dividends due to negative profits reported at the end of 2023, but it plans to promote dividends when conditions allow [9] - The management emphasizes the importance of value management and aims to enhance communication with investors to support high-quality development [4][9]

Financial Performance - The company's operating revenue for Q1 2024 was ¥136,678,005.46, a decrease of 13.07% compared to ¥157,233,543.98 in the same period last year[4] - Net profit attributable to shareholders decreased by 57.06% to ¥12,059,585.89 from ¥28,086,441.02 year-on-year[4] - Basic and diluted earnings per share both fell by 66.67%, from ¥0.03 to ¥0.01[5] - Operating profit for Q1 2024 was ¥16,891,503.66, down 52.5% from ¥35,520,766.87 in Q1 2023[21] - Net profit for Q1 2024 was ¥13,407,187.19, a decline of 51.5% compared to ¥27,659,376.88 in Q1 2023[22] - Total revenue for Q1 2024 was ¥136,678,005.46, a decrease of 13.09% compared to ¥157,233,543.98 in Q1 2023[20] - The decrease in net profit was attributed to seasonal impacts on the tourism business, fixed costs, and reduced government subsidies[10] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥26,556,023.73, a decline of 216.05% compared to the previous year[4] - Cash flow from operating activities was ¥128,829,753.86 in Q1 2024, down from ¥156,271,070.66 in Q1 2023, a decrease of 17.55%[25] - Total cash inflow from operating activities was $145,545,470.68, while total cash outflow was $172,101,494.41, leading to a net cash flow of -$26,556,023.73[26] - The company’s total cash outflow for operating activities increased significantly to $172,101,494.41 from $161,881,395.02 in the previous period[26] - The company paid $38,843,953.61 in cash to employees, which is an increase compared to the previous period's payment of $23,127,070.09[26] - Cash and cash equivalents as of March 31, 2024, amount to ¥427,512,493.93, down from ¥524,883,284.05 as of December 31, 2023, reflecting a decrease of approximately 18.5%[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,712,650,800.17, a decrease of 2.34% from the previous year-end[5] - Total assets decreased to ¥3,712,650,800.17 in Q1 2024 from ¥3,801,622,191.50 in Q1 2023, a reduction of 2.34%[18] - Total liabilities decreased to ¥878,990,246.45 in Q1 2024 from ¥923,091,524.97 in Q1 2023, a decline of 4.77%[18] - The company's equity attributable to shareholders decreased by 1.62% to ¥2,737,672,170.03 from ¥2,782,860,698.00[5] - The company's total equity decreased to ¥2,833,660,553.72 in Q1 2024 from ¥2,878,530,666.53 in Q1 2023, a decline of 1.56%[18] Investments and Acquisitions - The company completed the acquisition of 100% equity of Huangshan Qiyun Mountain Tourism Management Co., Ltd., which is now a wholly-owned subsidiary[6] - The company has ongoing investments in construction projects, with capitalized costs increasing to ¥27,493,119.34 from ¥11,959,192.89, a significant rise of approximately 129.5%[16] - The company has made adjustments to prior financial data due to asset swaps and acquisitions completed in 2023[5][6] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,333[12] - The largest shareholder, Xiangyuan Tourism Development Co., Ltd., holds 394,158,357 shares, accounting for 36.9% of total shares[12] - Zhejiang Xiangyuan Industrial Co., Ltd. holds 207,773,258 shares, representing 19.4% of total shares[12] Other Financial Metrics - Non-recurring gains included government subsidies amounting to ¥1,159,150.01, while losses from fair value changes of financial assets were -¥1,116,475.14[8][9] - Research and development expenses for Q1 2024 were ¥2,953,967.58, compared to ¥3,307,498.61 in Q1 2023, a decrease of 10.66%[21] - The company reported a significant increase in financial expenses, totaling ¥4,360,521.99 in Q1 2024, compared to a negative expense of -¥369,483.11 in Q1 2023[21] - Accounts receivable increased to ¥69,827,466.56 from ¥52,343,453.16, showing a growth of approximately 33.5%[16] - Inventory as of March 31, 2024, is reported at ¥97,514,921.59, slightly up from ¥96,501,283.00, indicating a marginal increase[16] - Non-current assets include goodwill valued at ¥530,531,577.16, down from ¥532,246,298.26, a decrease of about 0.3%[16] - The company has no significant new product launches or technological developments reported in the current quarter[15]

（一）经本所律师核查，祥源文旅本次股东大会由董事会提议并召集，召开 本次股东大会的通知已于 2024 年 3 月 30 日在相关媒体和网站上进行了公告。 浙江六和律师事务所 关于浙江祥源文旅股份有限公司 2023 年年度股东大会的法律意见书 浙六和法意（2024）第 0536 号 致：浙江祥源文旅股份有限公司 根据《中华人民共和国证券法》（下称"《证券法》"）《中华人民共和国公 司法》 （下称"《公司法》"）和中国证券监督管理委员会《上市公司股东大会 规则》等法律、法规和规范性文件的要求及《浙江祥源文旅股份有限公司章程》 （下称 "《公司章程》"）的规定，浙江六和律师事务所（下称 "本所 "）接受 浙江祥源文旅股份有限公司（下称"祥源文旅"或"公司"）的委托，指派叶永祥律 师、蒋贇律师参加祥源文旅 2023 年年度股东大会，对本次股东大会的召集和召 开程序、出席会议人员资格、表决方式、表决程序的合法性、有效性进行了认真 审查，并出具本法律意见书。 本法律意见书仅供祥源文旅 2023 年年度股东大会之目的使用。本所律师同 意将本法律意见书随祥源文旅本次股东大会其他信息披露资料一并公告。 本所律师根据相关法律法规 ...

证券代码：600576 证券简称：祥源文旅 公告编号：临 2024-026 浙江祥源文旅股份有限公司 2023 年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | | 52 | | --- | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 675,918,977 | | | 3、出席会议的股东所持有表决权股份数占公司有表决 | | | | 权股份总数的比例（%） | 63.3283 | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长王衡先生主持，大会的召集、召开及表 决方式符合《公司法》等法律、法规和《公司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 7 人，出席 7 人，其中董事刘为女士为线上 ...

2023 年年度股东大会 会 议 资 料 浙江祥源文旅股份有限公司 二〇二四年四月二十六日 目录 | 2023 年年度股东大会会议须知 2 | | --- | | 2023 年年度股东大会表决及选举办法 3 | | 2023 年年度股东大会会议议程 5 | | 议案一：公司 2023 年年度报告全文及摘要 7 | | 议案二：公司 2023 年董事会工作报告 8 | | 议案三：公司 2023 年监事会工作报告 21 | | 议案四：公司 2023 年年度财务决算报告 27 | | 议案五：公司 2023 年年度利润分配预案 30 | | 议案六：关于 2024 年度公司及所属子公司向银行申请综合授信额度 | | 的议案 31 | | 议案七：关于公司 2023 年度日常关联交易情况及预计 2024 年度日常 | | 关联交易的议案 32 | | 议案八：关于公司董事、高级管理人员 2024 年度薪酬方案暨确认 2023 | | 年度薪酬执行情况的议案 35 | | 议案九：关于确认公司监事 2024 年度薪酬方案暨确认 2023 年度薪酬 | | 执行情况的议案 37 | | 议案十：关于续聘 2024 年 ...

中信证券股份有限公司 关于 浙江祥源文旅股份有限公司发行股份 购买资产并募集配套资金暨关联交易 之 2023 年度持续督导意见 暨持续督导总结报告 独立财务顾问 二〇二四年四月 1 声明 中信证券股份有限公司（以下简称"中信证券"）接受委托担任浙江祥源文 旅股份有限公司（以下简称"祥源文旅"或"上市公司"）发行股份购买资产并 募集配套资金的独立财务顾问（以下简称"本独立财务顾问"）。本独立财务顾问 按照证券行业公认的业务标准、道德规范，本着诚实信用、勤勉尽责的态度，出 具本持续督导意见。 1、本持续督导意见所依据的文件和材料由本次交易各方提供，提供方已承 诺上述有关资料均为真实、准确和完整的，不存在虚假记载、误导性陈述或者重 大遗漏，并承担因违反上述承诺而引致的个别和连带的法律责任。 2、本独立财务顾问已按照规定履行尽职调查义务，有充分理由确信所发表 的专业意见与上市公司披露的文件内容不存在实质性差异，确信上市公司信息披 露文件真实、准确、完整。 3、本持续督导意见不构成对上市公司的任何投资建议，投资者根据本持续 督导意见所做出的任何投资决策而产生的相应风险，本独立财务顾问不承担任何 责任。 4、本独立财务顾 ...

索 引 号 bm56000001/2024-00003454 分 类 发布机构 发文日期 1712790240000 名 称 关于对浙江祥源文旅股份有限公司及相关主体采取出具警示函措施的决定 文 号 主 题 词 【打印】 【关闭窗口】 关于对浙江祥源文旅股份有限公司及相关主体采取出具警示函措施的 决定 浙江祥源文旅股份有限公司、祥源控股集团有限责任公司、赖志林、王衡、高朝晖、孙东洋、王琦、徐中平： 我局在现场检查中发现浙江祥源文旅股份有限公司（以下简称公司）存在以下问题：一是公司在2022年半年度报 告及年度报告中未按规定披露与关联方祥源控股集团有限责任公司（以下简称祥源控股）发生的非经营性资金往来情 况。截至2022年底，资金占用本金已归还。二是公司内幕信息知情人登记管理工作中的重大事项进程备忘录存在遗 漏。 公司的上述行为违反了《上市公司信息披露管理办法》（证监会令第182号）第三条、第四十一条，《上市公司 监管指引第8号——上市公司资金往来、对外担保的监管要求》（证监会公告〔2022〕26号）第二条、第五条和《上 市公司监管指引第5号——上市公司内幕信息知情人登记管理制度》（证监会公告〔2022〕17号 ...

Investment Rating - The report assigns a "Buy" rating to the company, with a target price of 6.63 CNY per share [67] Core Views - The company achieved a revenue of 722 million CNY in 2023, a YoY increase of 55.81%, and a net profit attributable to the parent company of 151 million CNY, a YoY increase of 670.72% [39][67] - The company's tourism-related businesses showed strong recovery, with revenue from scenic transportation (景交) reaching 353 million CNY, a YoY increase of 148.74%, and a gross margin increase of 17.66 percentage points to 66.98% [5][67] - The company's gross margin in 2023 was 51.96%, an increase of 8.98 percentage points YoY, driven by higher revenue diluting fixed costs and an increased proportion of high-margin scenic transportation business [47][67] - The company's operating expenses ratio in 2023 was 22.59%, a decrease of 4.61 percentage points YoY, with sales/management/R&D/financial expense ratios decreasing by 1.67/2.91/0.48 percentage points respectively, and R&D expense ratio increasing by 0.44 percentage points [47][67] Business Performance - The company's revenue from hotels in 2023 was 38 million CNY, a YoY increase of 58.71%, with a gross margin decrease of 0.56 percentage points to 36.23% [5] - The company's revenue from zoos in 2023 was 37 million CNY, with a gross margin of 39.21% [5] - In Q4 2023, the company achieved a revenue of 148 million CNY, a YoY increase of 59.89%, and a net profit attributable to the parent company of 20 million CNY, compared to a loss of 19 million CNY in Q4 2022 [49][67] Future Outlook - The company is expected to achieve revenues of 1.08 billion, 1.46 billion, and 1.90 billion CNY in 2024-2026, with YoY growth rates of 49.2%, 35.1%, and 30.8% respectively [52][67] - The company's net profit attributable to the parent company is expected to be 227 million, 305 million, and 400 million CNY in 2024-2026, with YoY growth rates of 50.1%, 34.0%, and 31.3% respectively [52][67] - The company plans to optimize its tourism resort products and enhance the digitalization of its tourism experiences through its subsidiary "祥源旅行" [52][67] Industry and Strategy - The company is upgrading its "Cultural IP + Tourism + Technology" business model and expanding its presence in the Sichuan-Chongqing region through the acquisition of 80% equity in Bifengxia [26][67] - Bifengxia Scenic Area received over 1 million visitors in 2023, achieving record-high annual revenue [26]

标题：关于浙江祥源文旅股份有限公司相关事项的监管工作函 证券代码：600576 证券简称：祥源文旅 监管类型：监管工作函 涉及对象：上市公司,董事,监事,高级管理人员,控股股东及实际控制人 处分日期：2024-04-03 处理事由：关于浙江祥源文旅股份有限公司相关事项的监管工作函 ...

证券代码：600576 证券简称：祥源文旅 公告编号：临 2024-024 浙江祥源文旅股份有限公司 关于公司及相关主体收到浙江证监局警示函的公告 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。 浙江祥源文旅股份有限公司（以下简称"公司"）于 2024 年 4 月 3 日收到 中国证券监督管理委员会浙江监管局出具的《关于对公司及相关主体采取出具警 示函措施的决定》（[2024]41 号，以下简称"《警示函》"），现将具体内容披 露如下： 一、《警示函》具体内容 "浙江祥源文旅股份有限公司、祥源控股集团有限责任公司、赖志林、王衡、 高朝晖、孙东洋、王琦、徐中平: 我局在现场检查中发现浙江祥源文旅股份有限公司(以下简称公司)存在以 下问题:一是公司在 2022 年半年度报告及年度报告中未按规定披露与关联方祥 源控股集团有限责任公司(以下简称祥源控股)发生的非经营性资金往来情况。截 至 2022 年底，资金占用本金已归还。二是公司内幕信息知情人登记管理工作中 的重大事项进程备忘录存在遗漏。 公司的上述行为违反了《上市公司信息披露管理 ...