Core Insights - Xi'an is emerging as a significant tourism hub, with a reported 20.08 million visitors and a tourism revenue of 19.96 billion yuan during the recent National Day and Mid-Autumn Festival holidays, marking year-on-year increases of 28% and 38.7% respectively [1] - Shaanxi Tourism is advancing its IPO process, moving from the acceptance stage to substantive review, indicating a step closer to listing on the Shanghai Stock Exchange [2] - If Shaanxi Tourism successfully lists, it will join two other local tourism companies in the A-share market, enhancing the competitive landscape in Xi'an's tourism sector [3] Company Performance - Shaanxi Tourism's main business includes tourism performances like "The Longest Love," cableway operations, and dining services, with significant revenue contributions from these segments [4] - The company reported revenues of 232 million yuan, 1.088 billion yuan, and 1.263 billion yuan for 2022 to 2024, with net profits of -72.07 million yuan, 427 million yuan, and 512 million yuan respectively [4] - "The Longest Love" performance contributed 764.11 million yuan, 542 million yuan, and 680 million yuan to total revenues from 2022 to 2024, accounting for 33.5%, 50.12%, and 54.28% of total revenue [5] Market Dynamics - Xi'an's tourism market has seen explosive growth, with 278 million visitors and total tourism revenue of 335 billion yuan in 2023, placing it among the top cities in China [9] - Local companies like Qujiang Culture and Tourism, Xi'an Tourism, and Shaanxi Tourism hold key tourism resources and services in the region [9] - Despite high visitor numbers, companies like Qujiang Culture and Tourism have struggled with profitability, reporting losses for three consecutive years [10] Competitive Landscape - Shaanxi Tourism's business model, focusing on high-margin tourism performances and cableway operations, contrasts with Qujiang Culture and Tourism's asset-light approach, which has limited profitability [12] - Shaanxi Tourism's cableway operations have shown strong performance, with over 100% utilization rates, contributing approximately 30% to total revenue [7] - The competitive dynamics among the three local tourism companies are expected to intensify if Shaanxi Tourism successfully enters the A-share market [14]

New Stock Listings - New stock "Aomeisen" (920080) listed at an issue price of 8.25 on October 10, 2025[1] - "Shangwei New Materials" (688585) has a tender offer period from September 29 to October 28, 2025[1] Delisting and Trading Alerts - "Zitian Tui" (300280) is in the delisting arrangement period with only 1 trading day remaining[1] - "Pinming Technology" (688109) is experiencing severe abnormal fluctuations[1] Market Updates - Multiple companies including "Kesi Technology" (688788) and "Bory Medical" (688166) have recent announcements related to trading activities[1] - "Ganfeng Lithium" (002460) and "Luoyang Molybdenum" (603993) have also made recent disclosures[1] Additional Information - A total of 30 companies have been highlighted for various trading activities and announcements on October 10, 2025[1] - Links to detailed announcements for each company are provided for further insights[1]

Core Insights - The tourism market in Shaanxi is thriving during the 2025 National Day holiday, with Qujiang Cultural Tourism reporting impressive results in "night economy" activities, including an average daily foot traffic of over 390,000 at the core scenic area, Datang Night City, and nighttime consumption accounting for over 60% of total sales [2][6] - Qujiang Cultural Tourism has successfully transformed from a single sightseeing model to an immersive cultural consumption experience through three driving forces: "night tours to attract visitors, cultural innovation to break boundaries, and technology to empower" [2][9] Group 1: Night Economy Development - Datang Night City has become a vibrant hub, with tourists dressed in Hanfu and engaging with performers portraying historical figures, creating a lively atmosphere reminiscent of the prosperous Tang Dynasty [2][4] - The company has upgraded traditional scenic spots into immersive cultural experience spaces, featuring events like "Tang Poetry Meetings" and "Hanfu Parades" to encourage deeper visitor participation [4][6] Group 2: Cultural and Creative Products - Qujiang Cultural Tourism's flagship store offers popular cultural and creative products inspired by Tang poetry and historical artifacts, with items like the "Tang Poetry Light" and "Tang Girl" blind boxes gaining popularity [6][7] - Unique products such as plush toys shaped like local delicacies and 3D puzzles of ancient Chinese clothing have become bestsellers, indicating a strong demand for innovative cultural merchandise [7] Group 3: Technology Integration - The integration of technology in cultural tourism is evident through initiatives like the AR immersive performance "Yanta Liuguang," which revitalizes ancient relics, and cross-border payment services that enhance the shopping experience for international tourists [9] - The introduction of cultural markets and intangible cultural heritage workshops enriches the nighttime consumption landscape, contributing to a high-quality development path for cultural tourism [9]

Core Insights - The tourism industry is facing significant challenges, with the recent bankruptcy of Qinghai Tourism Investment Group and its subsidiaries highlighting the difficulties within the sector [1] - Despite an increase in domestic travel and spending, many tourism companies are struggling financially, indicating a disconnect between rising visitor numbers and profitability [4][11] Group 1: Company Performance - Qinghai Tourism Investment Group, once aiming for substantial growth, has declared bankruptcy, losing 480 million in registered capital and facing over 323 million in enforced execution [1][6] - In Q1 2025, 25 out of 44 listed tourism companies reported negative revenue growth, accounting for 56.8% of the total [1] - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported significant losses in Q1 2025, with losses of 747 million, 995 million, and 2.044 billion respectively [3] Group 2: Market Dynamics - The tourism market is experiencing a paradox where visitor numbers and spending are increasing, yet many companies are not profiting, raising questions about where the money is going [4][11] - Online travel platforms such as Ctrip and Tongcheng are thriving, with Ctrip reporting a net profit of approximately 4.3 billion and a net profit margin of 31.16% in Q1 2025 [11] - The number of A-level scenic spots has increased by 3,000 from 2019 to 2023, yet average income has decreased by nearly 40%, indicating oversupply in the market [11] Group 3: Industry Trends - The tourism industry is transitioning into a 2.0 era, where experiential offerings are becoming more important than traditional attractions [20][21] - Successful attractions like Jiuhua Mountain and Disney are focusing on enhancing visitor experience, which is crucial for profitability in the current market [14][17] - The shift towards experience-driven tourism is leading to the decline of many traditional tourism platforms that fail to adapt, as seen with Qinghai Tourism Investment Group [22][23]

格隆汇9月30日丨曲江文旅（维权）(600706.SH)公布，为最大限度维护公司及股东权益，加快购房款剩 余款项的回收，同意西安曲江丰欣置业有限公司（简称：丰欣置业）提出的以实物资产抵债方案，以丰 欣置业股东西安曲江大唐不夜城文化商业（集团）有限公司（简称：文商集团）合法持有的西安城墙文 化投资发展有限公司（简称：城墙文投）一项商业房产债权代丰欣置业偿还前述欠款3,420.30万元，并 签订《债权转让及抵债协议》。 ...

（记者 王瀚黎） 每经AI快讯，曲江文旅9月30日晚间发布公告称，公司第十届第三十次董事会临时会议于2025年9月30 日以通讯表决方式召开。会议审议了《关于召开2025年第二次临时股东大会的议案》等文件。 每经头条（nbdtoutiao）——前脚消费贷，后脚被银行追讨发票，7天内上传，否则后果严重！有人为此 焦虑，有人却趁机牟利：帮开票包过审 ...

证券代码：600706 证券简称：曲江文旅 编号：临 2025-047 西安曲江文化旅游股份有限公司 关于追加 2025 年度日常关联交易的公告 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个别及连带责任。 重要内容提示： ● 是否需要提交公司股东大会审议：否 ● 日常关联交易对公司的影响：公司与关联方交易公允，不存在损害上市公司 利益的情形，本次追加的日常关联交易不影响公司独立性。 公司于 2025 年 9 月 30 日召开第十届董事会三十次（临时）会议审议通过了《公 司关于追加 2025 年度日常关联交易议案》，关联董事均回避表决，由其余 3 名非关联 董事表决，表决结果通过。 该议案已经公司独立董事专门会议审议通过。 （二）公司年初预计 2025 年度日常关联交易情况如下： 单位：万元 | 关联交 | | 2025 年度预 | 占同类 | 2024 年度 | 占同类业 | | --- | --- | --- | --- | --- | --- | | 易类别 | 关联人 | 计金额 | 业务比 | 实际发生金 | 务比例 （%） ...

证券代码：600706 证券简称：曲江文旅 编号：临 2025-046 西安曲江文化旅游股份有限公司 关于以实物资产抵债暨关联交易的公告 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： ● 为最大限度维护公司及股东权益，加快购房款剩余款项的回收，同意西安 曲江丰欣置业有限公司（以下简称：丰欣置业）提出的以实物资产抵债方案，以 丰欣置业股东西安曲江大唐不夜城文化商业（集团）有限公司（以下简称：文商 集团）合法持有的西安城墙文化投资发展有限公司（以下简称：城墙文投）一项 商业房产债权代丰欣置业偿还前述欠款 3,420.30 万元，并签订《债权转让及抵债 协议》。 ● 本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组， 构成关联交易。 ● 截至本次关联交易，过去 12 个月内公司与不同关联人之间相同交易类别下 标的相关的关联交易均为日常关联交易，未达 3,000 万元且占上市公司最近一期 经审计净资产绝对值不足 5%。 ● 本次房产抵债交易构成关联交易，交易完成后，丰欣置业将全部偿还公司 购房款。 ● ...

本资产评估报告依据中国资产评估准则编制 西安曲江文化旅游股份有限公司 拟接受抵债资产涉及的 皇城坊房屋及车位市场价值项目 资产评估报告 新兰特评报字[2025]第435号 (共1册,第1册) 新兰特房地产资产评估有限公司 2025年6月30日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 6161040001202500428 | | | --- | --- | --- | | 合同编号: | 2025HT552 | | | 报告类型: | 法定评估《务资产评估报告 | | | 报告文号: | 新兰特评报字 2025 第435号 | | | 报告名称: | 屋及车位市场价值项目 | 西安曲江文化旅游股份有限公司拟接受批债资产步及的呈现功房 | | 评估结论: | 34.444.100.00元 | | | 评估报告日: | 2025年06月30日 | | | 评估机构名称: | 新兰特居地产资产评估有限公司 | | | 签名人员: | 高梦云 (资产评估师) | 正式会员 编号:61210051 | | | 钟静 (资产评估师) | 正式会员 编号: 43190105 | | | La I - ...

证券代码：600706 证券简称：曲江文旅 公告编号：2025-048 西安曲江文化旅游股份有限公司 关于召开2025年第二次临时股东大会的通知 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： 股东大会召开日期：2025年10月17日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、召开会议的基本情况 (一)股东大会类型和届次 2025年第二次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 10 月 17 日 16 点 召开地点：曲江银座酒店（翠华南路 982 号） (五)网络投票的系统、起止日期和投票时间 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 ...