Core Viewpoint - The company, C Shaanxi Tourism (603402), has multiple immersive experience projects, indicating a focus on enhancing customer engagement and diversifying its offerings [1]. Group 1 - The company responded to investor inquiries on its interactive platform, highlighting its commitment to transparency and investor relations [1]. - The company plans to disclose its initial public offering (IPO) prospectus on December 18, 2025, which will provide further details on its business strategy and financials [1].

Core Viewpoint - On January 8, Shaanxi Tourism experienced a decline of 6.27% in stock price, with a trading volume of 1.059 billion yuan, indicating market volatility and investor sentiment concerns [1]. Group 1: Financial Performance - For the period from January to September 2025, Shaanxi Tourism reported an operating income of 889 million yuan, representing a year-on-year decrease of 18.80% [2]. - The net profit attributable to the parent company for the same period was 369 million yuan, reflecting a year-on-year decline of 26.93% [2]. Group 2: Financing and Trading Activity - On January 8, the financing buy-in amount for Shaanxi Tourism was 114 million yuan, with a net financing buy of 35.37 million yuan after repayments [1]. - The total balance of margin trading for Shaanxi Tourism as of January 8 was 167 million yuan, accounting for 6.55% of the circulating market value [1]. - There were no short-selling activities on January 8, with zero shares sold or repaid, indicating a lack of bearish sentiment in the market [1]. Group 3: Company Overview - Shaanxi Tourism Cultural Industry Co., Ltd. was established on January 19, 1988, and is located in Xi'an, Shaanxi Province [1]. - The company’s main business includes tourism performances, cable cars, and dining services, leveraging premium tourism resources such as Huaqing Palace and Mount Huashan [1]. - The revenue composition of the company is as follows: tourism performances 57.14%, cable car services 34.72%, passenger road services 3.79%, dining services 3.69%, and other services 0.66% [1].

Market Overview - The tourism and scenic spots sector declined by 0.59% on January 8, with C Shaanxi Tourism leading the drop [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] Stock Performance - Notable gainers included *ST Zhang Gu with a closing price of 7.82, up 2.89%, and Xiangyuan Cultural Tourism at 6.60, up 2.01% [1] - C Shaanxi Tourism saw a significant decline of 6.27%, closing at 132.00, with a trading volume of 80,500 shares and a turnover of 1.059 billion yuan [2] - Other notable decliners included Changzi Mountain down 2.88% and Dalian Shengya down 2.48% [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 273 million yuan from main funds, while retail investors saw a net inflow of 279 million yuan [2][3] - The main funds showed a net inflow in Jiang Co. with 16.94 million yuan, while significant outflows were noted in Huangshan Tourism and other companies [3] Individual Stock Analysis - *ST Zhang Gu had a net inflow of 4.45 million yuan from main funds, while it faced a net outflow from retail investors [3] - Xiangyuan Cultural Tourism had a net inflow of 13.32 million yuan from main funds, but also saw outflows from retail investors [3] - The performance of stocks like Sanxia Tourism and Qujiang Cultural Tourism indicated mixed capital flows, with some experiencing net inflows from retail investors despite overall sector declines [3]

Group 1 - The company, Shaanxi Tourism (C陕旅), currently does not operate in the ice and snow industry [1] - Investors inquired about the company's involvement in the ice and snow industry, similar to other companies like Xiyu Tourism, Dalian Shengya, and Changbai Mountain [1] - The inquiry was made on an investor interaction platform, indicating investor interest in the company's potential expansion into this sector [1]

Core Viewpoint - The tourism and scenic spots sector experienced a rise of 1.16% on January 7, with Sanxia Tourism leading the gains, reflecting positive market sentiment in the industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1]. - Notable performers in the tourism sector included: - Sanxia Tourism (002627) with a closing price of 7.82, up 9.99% and a trading volume of 361,100 shares, totaling a transaction value of 272 million yuan [1]. - C Shaanxi Travel (603402) closed at 140.83, up 6.69%, with a transaction value of 1.691 billion yuan [1]. - Jiuhua Tourism (661809) increased by 2.73% to 37.98, with a transaction value of 159 million yuan [1]. Group 2: Capital Flow - The tourism and scenic spots sector saw a net inflow of 192 million yuan from institutional investors, while retail investors experienced a net outflow of 23.2961 million yuan [2]. - Key stocks with significant capital flow included: - C Shaanxi Travel (603402) had a net inflow of 9.18% from institutional investors, but a net outflow of 7.13% from speculative funds [3]. - Sanxia Tourism (002627) recorded a net inflow of 15.77% from institutional investors, with a net outflow of 1.75% from speculative funds [3]. - Zhongqing Travel (600138) had a net inflow of 7.76% from institutional investors, while speculative funds saw a net outflow of 2.66% [3].

Group 1 - C Shaanxi Travel (C陕旅) saw a 64.10% increase on its first trading day, with a turnover rate of 74.41% and a transaction volume of 1.971 billion yuan [2] - The stock's first-day financing purchase amounted to 261 million yuan, accounting for 13.25% of the total trading volume, with a latest financing balance of 241 million yuan, representing 9.45% of the circulating market value [2] - The company integrates tourism performance, cable cars, dining, and project investment and management, leveraging high-quality tourism resources such as Huaqing Palace and Mount Huashan to provide high-quality tourism products and services [3] Group 2 - On the first trading day, the stock experienced a net inflow of 661 million yuan from main funds, with large orders contributing 439 million yuan and special large orders adding 222 million yuan [3] - The top five trading departments on the first day had a total transaction of 308 million yuan, with a net purchase of 152 million yuan after accounting for sales [4] - The company has developed notable tourism performance works, including the large-scale historical dance drama "Chang Hen Ge" and the large-scale red performance "Tai Shan Feng Huo," which serve as carriers for the transmission of Chinese history and traditional culture [3]

Group 1 - The core point of the article is that Shaanxi Tourism became the first new listed company on the A-share market in 2026, marking it as the first cultural tourism company to be listed in the A-share market in the past five years [1] - As of the morning trading session, Shaanxi Tourism's stock price reached 143.97 yuan per share, reflecting an increase of 78.98% [1]

Core Viewpoint - Shaanxi Tourism experienced a significant stock price increase of 64.10% on January 6, with a trading volume of 1.971 billion yuan, indicating strong market interest and potential investor confidence in the company [1]. Financing Summary - On January 6, Shaanxi Tourism had a financing buy-in amount of 261 million yuan, with a net financing purchase of 241 million yuan after repaying 1.99867 million yuan [1][2]. - The current financing balance stands at 241 million yuan, which represents 9.45% of the company's market capitalization [2]. Company Overview - Shaanxi Tourism Cultural Industry Co., Ltd. is located in Xi'an, established on January 19, 1988, and listed on January 6, 2026. The company focuses on integrated tourism services, including performance arts, cable cars, and dining, leveraging premium tourism resources like Huaqing Palace and Huashan [2]. - The revenue composition of Shaanxi Tourism includes: 57.14% from tourism performances, 34.72% from cable car services, 3.79% from passenger road services, 3.69% from dining, and 0.66% from other sources [2]. Financial Performance - For the period from January to September 2025, Shaanxi Tourism reported an operating income of 889 million yuan, reflecting a year-on-year decrease of 18.80%. The net profit attributable to the parent company was 369 million yuan, down 26.93% year-on-year [2]. - As of January 6, the number of shareholders for Shaanxi Tourism reached 38,600, showing a dramatic increase of 642,916.67% compared to the previous period, with an average of 501 circulating shares per shareholder [2].

Group 1 - C Shanlv (603402) experienced a significant increase of 64.10% in stock price, with a trading volume of 1.971 billion yuan and a turnover rate of 74.41% on the day [1] - The stock was listed on the Shanghai Stock Exchange due to the absence of price fluctuation limits, with a net buying amount of 152 million yuan from brokerage seats [1] - The top five brokerage seats accounted for a total transaction of 308 million yuan, with a net buying of 152 million yuan, indicating strong investor interest [1] Group 2 - The company reported a net inflow of 661 million yuan from major funds, with large orders contributing 222 million yuan and big orders contributing 439 million yuan [1] - For the first three quarters of 2025, the company achieved a revenue of 889 million yuan, a year-on-year decrease of 18.80%, and a net profit of 369 million yuan, down 26.93% year-on-year [1] - The company issued a profit forecast on January 5, 2025, estimating a net profit between 371 million yuan and 436 million yuan, reflecting a year-on-year change of -27.50% to -14.80% [2]

Core Viewpoint - Guomai Culture (301052.SZ) announced that Shaanxi Tourism will be listed on the Shanghai Stock Exchange on January 6, 2026, with an issue price of 80.44 yuan per share [1] Summary by Sections Company Holdings - As of the announcement date, the company indirectly holds 1,039,912 shares of Shaanxi Tourism through Chuan Shang No. 2, accounting for 1.7930% of the total share capital before the initial public offering (IPO) and 1.3448% after the IPO [1] Financial Impact - The estimated impact on the company's net profit from the held shares is approximately 63.43 million yuan, with an estimated impact of 35.976 million yuan on the 2025 net profit, representing about 88.10% of the audited net profit attributable to the parent company for 2024 [1] Market Influence - Following the listing of Shaanxi Tourism, the fair value of the shares held by the company will fluctuate with the secondary market price, leading to uncertain impacts on the company's performance for 2025 and beyond, with final details to be confirmed in periodic reports [1]