证券代码：600593 证券简称：大连圣亚 公告编号：2025-045 二、议案审议情况 （一）非累积投票议案 1. 议案名称：关于拟签署《借款协议》等协议暨关联交易的议案 大连圣亚旅游控股股份有限公司 2025年第一次临时股东会决议公告 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 | 1. | 出席会议的股东和代理人人数 | 7 | | --- | --- | --- | | 2. | 出席会议的股东所持有表决权的股份总数（股） | 53,223,553 | | 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 | 41.32 | | 份总数的比例（%） | | | （一）股东会召开的时间：2025 年 8 月 13 日 （二）股东会召开的地点：大连圣亚旅游控股股份有限公司三楼会议室 （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： （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。 本次股东会由公司董事 ...

北京金诚同达（杭州）律师事务所 关于 大连圣亚旅游控股股份有限公司 2025 年第一次临时股东会的 2025 年第一次临时股东会的 法律意见书 金证法意【2025】字 0804 第 0729 号 致：大连圣亚旅游控股股份有限公司 法律意见书 浙江省杭州市上城区钱江路1366号华润大厦A座15层 电话：0571-8513 1580 传真：0571-8513 2130 北京金诚同达（杭州）律师事务所 法律意见书 北京金诚同达（杭州）律师事务所 关于大连圣亚旅游控股股份有限公司 北京金诚同达（杭州）律师事务所（以下简称"本所"）接受大连圣亚旅游 控股股份有限公司（以下简称"大连圣亚"或"公司"）的聘请，指派本所律师 出席公司2025年第一次临时股东会（以下简称"本次股东会"）并对会议的相关 事项出具法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"） 《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则 （试行）》等有关法律、法规和规范性文件的要求以及《大连圣亚旅游控股股份 有限公司章程》（以下 ...

大连圣亚最新一期业绩显示，截至2025一季报，公司营业总收入8431.67万元、同比减少7.88%，归属净 利润814.57万元，同比减少738.54%，扣非净利润1017.57万元，同比减少1526.26%，流动比率0.108、速 动比率0.096、资产负债率85.60%。 金融界消息 截至2025年8月12日收盘，大连圣亚（600593）报收于31.84元，下跌1.67%，换手率 3.35%，成交量4.31万手，成交金额1.38亿元。 资金流向方面，今日主力资金净流出2054.83万元，占比成交额14.89%。其中，超大单净流出48.35万 元、占成交额0.35%，大单净流出2006.48万元、占成交额14.54%，中单净流出流出83.13万元、占成交 额0.6%，小单净流入2137.96万元、占成交额15.5%。 通过天眼查大数据分析，大连圣亚旅游控股股份有限公司共对外投资了34家企业，参与招投标项目12 次，知识产权方面有商标信息219条，专利信息5条，此外企业还拥有行政许可61个。 来源：金融界 天眼查商业履历信息显示，大连圣亚旅游控股股份有限公司，成立于1994年，位于大连市，是一家以从 事公共设 ...

Core Viewpoint - The Shanghai Stock Exchange has issued an inquiry letter to Dalian Shenya regarding doubts in its semi-annual report, particularly concerning two directors' abstention votes and the company's ongoing financial struggles, including continuous losses over the past three years [1][2]. Group 1: Inquiry Details - The inquiry letter requests directors Zhang Liang and Zhu Kun to disclose the verification procedures and conclusions related to their non-affirmative opinions on the semi-annual report, including the basis for their judgment and its compliance with legal regulations [2]. - The exchange also demands clarification on whether the reasons for their non-affirmative opinions are prudent, clear, and specific, and how they relate to the content of the periodic report [2]. - Additionally, the inquiry seeks an explanation of the current control of the listed company, given that the major shareholder, Xinghaiwan Investment, has stated it is not the actual controller [2]. Group 2: Financial Performance and Legal Issues - Dalian Shenya has faced continuous financial pressure since 2018, with three consecutive years of losses, and its major shareholder's shares are under judicial freeze [3]. - As of the announcement date, 30,945,600 shares of Xinghaiwan Investment, accounting for 24.03% of the total share capital, are under judicial freeze due to guarantees provided for financing lease business [3]. - The company is also involved in a legal dispute leading to the auction of its 15.1% stake in Zhenjiang Big Whale Ocean World Co., Ltd., due to a failure to fulfill capital contribution obligations [4].

Core Insights - The report highlights the significant role of CFOs in listed companies, with the total salary for CFOs in A-share companies reaching 4.27 billion yuan in 2024, averaging 814,800 yuan per year [1] - The average salary for CFOs in the tourism and scenic spots sector is approximately 540,900 yuan, with the highest salary being 1,144,200 yuan and the lowest at 233,000 yuan [1] - There is a notable discrepancy between CFO salaries and company performance, with some CFOs receiving salary increases despite declines in net profit [7][8] Salary Distribution - The average salary for CFOs across different educational backgrounds is as follows: Master's degree holders earn an average of 606,900 yuan, Bachelor's degree holders earn 524,100 yuan, and those with an Associate degree earn 476,200 yuan [5] - The majority of CFOs (57%) earn below 500,000 yuan, indicating a concentration of lower salaries within the industry [1] Age Structure - The average age of CFOs is approximately 46.93 years, with the oldest being 59 years and the youngest at 36 years [3] Performance and Compliance Issues - There are instances of salary increases for CFOs despite significant declines in company profits, such as Dalian Shengya's CFO receiving a 3% salary increase while the company's net profit dropped by 304.2% [7][8] - Three CFOs have received warnings or public notifications regarding compliance issues in 2024-2025, indicating potential governance risks within the sector [8][9]

大连圣亚旅游控股股份有限公司 2025 年第一次临时股东会 会议材料 1 | 一、2025 | 年第一次临时股东会会议议程 | 3 | | --- | --- | --- | | 二、2025 | 年第一次临时股东会会议须知 | 4 | | 三、审议议案 | | | 大连圣亚旅游控股股份有限公司 2025 年第一次临时股东会会议议程 （四）股东发言 3 一、会议时间：2025 年 8 月 13 日 14:30 二、会议地点：大连圣亚旅游控股股份有限公司三楼会议室 三、会议议程： （一）宣布会议开始 （二）宣布监票人和计票人 （三）审议会议议案 1.《关于拟签署<借款协议>等协议暨关联交易的议案》 （五）股东和股东代表现场对议案进行表决 （六）统计现场会议表决情况，合并现场和网络投票结果 （七）宣布会议表决结果 （八）与会董事、监事、高级管理人员签字 （九）宣布会议结束 大连圣亚旅游控股股份有限公司 2025 年第一次临时股东会会议须知 各位股东及股东代表： 为维护股东的合法权益，确保股东在大连圣亚旅游控股股份有限公司（以下 简称"大连圣亚"或"公司"）2025 年第一次临时股东会期间依法行使权利， 保证股东会 ...

Group 1 - The core point of the article is the conclusion of a seven-year control dispute at Dalian Shengya, with Tongcheng Travel's subsidiary Shanghai Tongcheng acquiring a 23.08% stake for 956 million yuan, marking a significant strategic investment in the company [1][5][15] - The investment will provide Dalian Shengya with approximately 956 million yuan to repay debts and supplement working capital, which is crucial for its financial health [1][5] - The acquisition reflects a broader trend in the Chinese theme park industry, where online giants are acquiring offline assets during a period of deep adjustment [2][11] Group 2 - Dalian Shengya has a rich history in the theme park industry, having transitioned from a regional operator to a national cultural tourism platform over 30 years [3][4] - The company has faced challenges, including a significant revenue drop due to the pandemic, with cumulative losses of 412 million yuan from 2020 to 2024 [5][6] - Dalian Shengya's core assets, including its marine parks, have maintained high gross margins, with 2023 and 2024 projected gross margins of 61.5% and 59.73%, respectively [7][9] Group 3 - The company is shifting towards a light asset model, focusing on IP innovation and output, which is seen as essential for future growth [11][12] - Dalian Shengya's unique assets include a national-level breeding base for Antarctic penguins, which has shown significant revenue growth of 96.15% in 2024 [8][10] - The partnership with Tongcheng Travel is expected to enhance Dalian Shengya's capabilities in new IP development and project updates, leveraging internet marketing strategies [14][15]

天眼查商业履历信息显示，大连圣亚旅游控股股份有限公司，成立于1994年，位于大连市，是一家以从 事公共设施管理业为主的企业。企业注册资本12880万人民币，实缴资本3094.56万人民币。公司法定代 表人为杨子平。 资金流向方面，今日主力资金净流出1544.85万元，占比成交额13.21%。其中，超大单净流出324.06万 元、占成交额2.77%，大单净流出1220.79万元、占成交额10.44%，中单净流出流出76.62万元、占成交 额0.66%，小单净流入1621.47万元、占成交额13.87%。 大连圣亚最新一期业绩显示，截至2025一季报，公司营业总收入8431.67万元、同比减少7.88%，归属净 利润814.57万元，同比减少738.54%，扣非净利润1017.57万元，同比减少1526.26%，流动比率0.108、速 动比率0.096、资产负债率85.60%。 金融界消息 截至2025年8月5日收盘，大连圣亚（600593）报收于31.13元，下跌0.38%，换手率2.92%， 成交量3.76万手，成交金额1.17亿元。 通过天眼查大数据分析，大连圣亚旅游控股股份有限公司共对外投资了34家企业， ...

证券之星消息，8月5日旅游及景区板块较上一交易日上涨0.99%，西藏旅游领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。旅游及景区板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600749 | 四藏旅游 | 26.53 | 4.53% | 61.80万 | 15.58亿 | | 000558 | 天府文旅 | 7.32 | 4.13% | 310.63万 | 22.05亿 | | 000796 | 凯撒旋业 | 5.44 | 2.26% | 170.69万 | 9.21亿 | | 660509 | 长自山 | 37.80 | 1.45% | 4.96万 | 1.86亿 | | 002707 | 众信旅游 | 7.63 | 0.93% | 17.71万 | 1.34亿 | | 002159 | 三特索道 | 15.46 | 0.91% | 3.35万 | 5149.45万 | | 000610 | 西安旅游 | 12. ...

Summary of Conference Call Notes Company and Industry Overview - **Company**: Tongcheng Travel Holdings (0780.HK) - **Industry**: China Internet and Other Services Key Points and Arguments 1. **Investment in Dalian Sunasia Tourism**: Tongcheng's subsidiary will subscribe to a private placement at Rmb24.75 per share, totaling Rmb956 million, acquiring 23% of Sunasia's stakes and 31% voting power, making Tongcheng the final controller [1][2] 2. **Financial Performance of Sunasia**: Sunasia has operated at a net loss for the past two years due to asset impairment but was slightly profitable when excluding that impairment [2] 3. **Market Reaction**: Following the announcement, Tongcheng's share price declined by 11%, resulting in a market cap decrease of Rmb5.5 billion [2] 4. **Concerns on M&A Strategy**: The investment in a not very profitable, asset-heavy state-owned enterprise (SOE) raises concerns regarding Tongcheng's M&A strategy [2] 5. **Stock Rating and Price Target**: Morgan Stanley rates Tongcheng as "Overweight" with a price target of HK$27.00, indicating a potential upside of 33% from the closing price of HK$20.35 on July 28, 2025 [4] 6. **Financial Projections**: - **Revenue Growth**: Expected revenue growth from Rmb17,341 million in FY 2024 to Rmb22,736 million by FY 2027 [4] - **Net Income**: Projected net income growth from Rmb2,785 million in FY 2024 to Rmb4,199 million by FY 2027 [4] - **EPS Growth**: EPS expected to increase from Rmb1.22 in FY 2024 to Rmb1.78 by FY 2027 [4] 7. **Valuation Metrics**: - **P/E Ratio**: Expected to decrease from 14.1 in FY 2024 to 10.4 by FY 2027 [4] - **ROE**: Projected to improve from 11.2% in FY 2024 to 14.9% by FY 2027 [4] 8. **Risks Identified**: - **Upside Risks**: Strong pent-up demand and moderating competition in lower-tier cities could lead to margin upside [7] - **Downside Risks**: Softer macroeconomic growth in China and intensifying competition in lower-tier cities could negatively impact price-sensitive users [7] Additional Important Information - **Market Capitalization**: Current market cap is Rmb42,576 million [4] - **Average Daily Trading Value**: Approximately HK$242 million [4] - **WACC and Growth Assumptions**: WACC is set at 11.5% with a terminal growth rate of 3%, aligned with long-term GDP growth targets [6] This summary encapsulates the critical insights from the conference call, highlighting the strategic investment by Tongcheng, its financial outlook, and the associated risks and market reactions.