Core Viewpoint - The Tianmu Lake scenic area in Changzhou, Jiangsu, is offering free admission to visitors with the surname Zhao from August 17 to August 31, following a local football team's victory, which has the potential to attract a significant number of visitors [2][4]. Company Overview - Tianmu Lake (603136.SH) is the first listed tourism scenic area enterprise in Jiangsu Province, having been listed on the A-share market in September 2017 [5]. - The company has experienced revenue fluctuations over the past three years, with revenues of 3.69 billion yuan, 6.3 billion yuan, and 5.36 billion yuan for the years 2022 to 2024, respectively [5]. Financial Performance - The company's net profit for the same period was 0.2 billion yuan, 1.47 billion yuan, and 1.05 billion yuan [5]. - In Q1 of the current year, the company reported a slight revenue decline of 1.6% to 1.05 billion yuan, while net profit increased by 26.45% to 13.84 million yuan [5]. Scenic Area Performance - The two scenic areas involved in the free admission offer, the Mountain Water Garden and Nanshan Bamboo Sea, generated revenues of 1.48 billion yuan and 1.35 billion yuan last year, showing year-on-year decreases of 17.47% and 7.58%, respectively [6]. - Both scenic areas have high gross profit margins, achieving 69.72% and 71.22% last year [6]. Visitor Potential - Based on the 2018 national surname report, there are approximately 28.6 million people with the surname Zhao in China [4]. - If all Zhao surname visitors were to visit Tianmu Lake, the potential ticket revenue could reach between 4.8 billion yuan and 7.4 billion yuan [4]. - The company could afford to cover the entrance fees for approximately 206,000 to 319,000 Zhao surname visitors, which represents only 7% to 11% of the total Zhao population [4].

Core Viewpoint - The Tianmu Lake scenic area in Changzhou, Jiangsu, is offering free admission to visitors with the surname Zhao from August 17 to August 31, following a local football team's victory attributed to a player with the same surname [2][4]. Company Overview - Tianmu Lake (603136.SH) is the first listed tourism scenic area enterprise in Jiangsu Province, having been listed on the Shanghai Stock Exchange in September 2017 [5]. - The company operates within a national-level tourism resort that spans 320 square kilometers and includes various ecological and recreational designations [4]. Financial Performance - The company has experienced revenue fluctuations over the past three years, with revenues of 3.69 billion yuan, 6.3 billion yuan, and 5.36 billion yuan for the years 2022, 2023, and 2024, respectively [6]. - The net profit attributable to shareholders for the same years was 0.2 billion yuan, 1.47 billion yuan, and 1.05 billion yuan [6]. - In Q1 of the current year, the company reported a slight revenue decline of 1.6% to 1.05 billion yuan, while net profit increased by 26.45% to 13.84 million yuan [6]. Visitor Impact and Revenue Potential - The scenic area has set a ticket price of 168 yuan for the combined mountain water park and bamboo sea, and 260 yuan including boat rides [4]. - If all 28.6 million people with the surname Zhao visited, the potential ticket revenue could reach approximately 4.8 billion to 7.4 billion yuan [4]. - Based on the 2024 revenue forecast, the company could afford to cover the entrance fees for 2.06 million to 3.19 million Zhao surname visitors, which represents only 7% to 11% of the total Zhao population [4].

Core Viewpoint - The article discusses the promotional strategy of free admission for visitors with specific surnames, particularly targeting the "Zhao" surname, in various tourist attractions in Changzhou, which could lead to significant financial implications for these businesses [3][6][8]. Group 1: Free Admission Promotions - From August 17 to 31, 2025, the Tianmu Lake Scenic Area offers free admission to all visitors with the surname "Zhao" [3][6]. - Other attractions, such as Huaguo Qiyuan and China Dinosaur Park, are also providing free entry to visitors with the surnames "Zhao" and "Wang" [3][6][8]. - The potential financial impact of these promotions could reach approximately 48 billion to 74 billion yuan if all 28.6 million "Zhao" surname holders visited the Tianmu Lake Scenic Area [3][6][8]. Group 2: Financial Implications for Tianmu Lake - Tianmu Lake's revenue for 2024 is projected at 5.36 billion yuan, which could allow for the free admission of 206,000 to 319,000 "Zhao" surname visitors, representing only 7% to 11% of the total "Zhao" population [4][8]. - The scenic area has experienced revenue fluctuations, with reported revenues of 3.69 billion yuan in 2022, 6.3 billion yuan in 2023, and 5.36 billion yuan in 2024 [8][9]. - In the first quarter of the current year, Tianmu Lake reported a slight revenue decline of 1.6% but a net profit increase of 26.45% [9]. Group 3: Market Context and Competitors - The promotional activities are part of a broader trend among local attractions in Changzhou, which are leveraging events like the "Suo Super" to attract visitors [3][8]. - The article highlights the presence of publicly listed companies and those planning to IPO in the tourism sector, indicating a competitive landscape influenced by these promotional strategies [8].

Group 1 - The article discusses the promotional strategy of free admission for visitors with the surname Zhao at various tourist attractions in Changzhou, which is expected to significantly impact ticket revenue [2][4][6] - The Tianmu Lake scenic area is offering free entry from August 17 to 31 for all Zhao surname visitors, with potential ticket revenue implications estimated between 4.8 billion to 7.4 billion yuan if all 28.6 million Zhao individuals in China visited [4][5] - Other attractions, such as Huaguo Qiyuan and China Dinosaur Park, are also participating in the free admission initiative, extending the offer to visitors with the surname Wang [4][5] Group 2 - Tianmu Lake's projected revenue for 2024 is 536 million yuan, which could cover the entry fees for approximately 206,000 to 319,000 Zhao surname visitors, representing only 7% to 11% of the total Zhao population [3][6] - The financial performance of Tianmu Lake has shown fluctuations, with revenues of 369 million yuan, 630 million yuan, and 536 million yuan from 2022 to 2024, alongside net profits of 20 million yuan, 147 million yuan, and 105 million yuan during the same period [6] - The two scenic spots, Shanshui Garden and Nanshan Bamboo Sea, reported revenues of 148 million yuan and 135 million yuan respectively last year, with high gross margins of 69.72% and 71.22% [6]

Group 1 - The article highlights that from August 17 to August 31, visitors with the surname Zhao can enter the Tianmu Lake scenic area for free, as part of a promotional campaign by Liyang's tourism department [1][3] - The article also reports that Changzhou's soccer team achieved their first victory in the Suzhou Super League, winning 1-0 against Zhenjiang, breaking a nine-match winless streak and a record of not scoring any goals [1][3]

Core Points - Tianmu Lake's stock price increased by 2.17% to 12.72 yuan as of August 8, 2025, with a market capitalization of 3.436 billion yuan [1] - The company ranks 17th out of 22 in the tourism and scenic area sector and 4172nd out of 5151 in the A-share market [1] Company Announcements - Tianmu Lake announced the use of 30 million yuan of idle raised funds for cash management, with a maximum term of 12 months and the possibility of rolling over [1] - The company previously redeemed 10 million yuan of structured deposits on July 28, 2025, earning 13,500 yuan, and redeemed the remaining 38 million yuan on August 6, 2025, earning 65,600 yuan [1] - As of March 31, 2025, the company's debt-to-asset ratio was 16.71%, with cash and cash equivalents amounting to 525.4639 million yuan [1] - The cash management amount of 3.8 million yuan represents 5.90% of the company's cash and cash equivalents at the end of the last reporting period [1]

Investment Rating - The industry is rated as "Market Perform" [31] Core Insights - The consumer service industry index experienced a decline of 2.17% from July 25 to August 7, 2025, underperforming the CSI 300 index by approximately 1.35 percentage points, primarily due to adverse weather conditions affecting travel data and declining performance in some companies' semi-annual reports [7][8] - In the first half of 2025, the total number of domestic trips reached 3.285 billion, a year-on-year increase of 20.6%, with total spending of 3.15 trillion yuan, up 15.2% [22] - Recent heavy rainfall has led to the temporary closure of several tourist attractions, impacting the tourism and hotel sectors [23] - Positive policy signals have emerged, including subsidies for childbirth and reductions in childcare fees, indicating potential future support for consumption and fertility [31] Summary by Sections Market Review - The consumer service index has shown a decline, with significant underperformance compared to the CSI 300 index [7] - The tourism and hotel sectors have been particularly affected by recent heavy rainfall, while the education sector has seen an uptick due to supportive policies [8] Industry News - The South Korean government will implement a temporary visa exemption for Chinese group tourists starting September 29, 2025, which has led to a surge in travel searches [20] - The introduction of a new membership system by Taobao integrates various services, enhancing travel-related benefits for users [21] Company Announcements - Action Education proposed a mid-year dividend distribution of 10 yuan per 10 shares [24] - Huangshan Tourism plans to invest in a new subsidiary and participate in a land bidding process [25] - China Duty Free Group reported a decline in revenue and net profit for the first half of 2025, but maintained a strong market position in Hainan [29] Weekly Outlook - The report suggests focusing on companies that may benefit from the current market conditions, including China Duty Free Group, Jinjiang Hotels, and others in the cyclical sectors [31][32]

格隆汇8月6日丨天目湖(603136.SH)公布，2025年8月6日，公司向兴业银行股份有限公司认购了1笔结构 性存款，金额为3,800.00万元。公司与兴业银行股份有限公司无关联关系。 ...

证券代码：603136 证券简称：天目湖 公告编号：2025-034 江苏天目湖旅游股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 并继续进行现金管理的公告 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： 履行的审议程序：江苏天目湖旅游股份有限公司(以下简称"公司") 于 2025 年 1 月 10 日，召开了第六届董事会第十一次会议、第六届监事会第九次 会议，审议通过《关于使用闲置募集资金进行现金管理的议案》，同意在确保募 集资金投资项目正常进行和保证募集资金安全的前提下，使用本金总金额不超过 21,000.00 万元闲置募集资金进行现金管理，使用期限不超过 12 个月，在上述 额度及决议有效期内，可以循环滚动使用。闲置募集资金现金管理到期后归还至 募集资金专户。 公司于 2025 年 5 月 15 日、2025 年 5 月 20 日，分别召开了第六届董事会审 计委员会第九次会议和第六届董事会第十三次会议，审议通过《关于使用闲置募 集资金进行现金管理的议案》，同意在确保募集资金投资项目正常 ...

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. ...