格隆汇1月26日丨陕西旅游(603402.SH)公布，公司董事会于2026年1月26日收到公司副总经理王新建先 生提交的书面辞职报告，王新建先生因个人原因申请辞去公司副总经理职务。辞职后，王新建先生不再 在公司及下属子公司担任任何职务。 ...

高级管理人员辞职公告 | | 离任 | | | 原定任 | | | 是否继续在上 | 具体职 | 是否存在未履 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 职务 | 离任时间 | | 期到期 | | 离任原因 | 市公司及其控 | 务（如适 | 行完毕的公开 | | | | | | 日 | | | 股子公司任职 | 用） | 承诺 | | 王新建 | 副总 | 2026年1月 | | 2028 | 年 | 个人原因 | 否 | 无 | 否 | | | 经理 | 26 | 日 | 8 月 7 | 日 | | | | | 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。 二、离任对公司的影响 重要内容提示： 陕西旅游文化产业股份有限公司（以下简称"公司"）董事会于 2026 年 1 月 26 日收到公司副总经理王新建先生提交的书面辞职报告，王新建先生因个人 原因申请辞去公司副总经理职务。辞职后，王新建先生不再在公司及下属子公司 ...

陕西旅游公告称，2026年1月26日，公司董事会收到副总经理王新建的书面辞职报告。王新建因个人原 因申请辞去该职务，原定任期到2028年8月7日。辞职后，他不再在公司及下属子公司任职，且无未履行 完毕的公开承诺。该辞职事项自报告送达董事会之日起生效，不会影响公司正常生产经营。 ...

Summary of the Conference Call for Shaanxi Tourism Company Overview - **Company**: Shaanxi Tourism - **Industry**: Tourism and Cultural Industry Key Points and Arguments 1. **Acquisitions and Revenue Growth**: - The company has completed the acquisition of Shaohua Mountain and plans to finalize the acquisitions of Taihua Cableway (19% stake) and Yaoguang Pavilion (49% stake) by 2026, which are expected to contribute an additional revenue of 48 million yuan. The projected profits for Taihua Cableway and Yaoguang Pavilion in 2024 are 198 million yuan and 21 million yuan respectively [2][4] 2. **Core Projects with Growth Potential**: - The core projects, Chang'an Song and Huashan Cableway, show significant growth potential. Chang'an Song aims to increase revenue by enhancing direct sales and increasing seating capacity, currently averaging 2.56 performances per day with a ticket price of over 270 yuan. Huashan Cableway is expected to attract 3.65 million visitors in 2024, indicating room for growth compared to other scenic spots [2][4] 3. **Rich Cultural and Tourism Resources**: - Shaanxi Tourism Group possesses extensive cultural and tourism resources, with projected revenue of 5.8 billion yuan from the cultural tourism sector in 2024. The company has 1.26 billion yuan in revenue from its listed entity and over 4 billion yuan from external sources, indicating potential for future asset injections into the listed company, including attractions like the Yellow River Hukou Waterfall and Shaohua Mountain National Forest Park [2][4] 4. **Integration with Brother Company**: - The brother company, Shaanwen Investment, has a large scale, and there is potential for asset integration, which could provide new growth momentum for Shaanxi Tourism [2][4] 5. **Taishan Xiucheng Project**: - The Taishan Xiucheng project has a total investment of 3 billion yuan and aims to create a large complex with five themed areas, focusing on high-quality performances to increase nighttime activities and boost overnight visitor numbers, thereby enhancing local dining and accommodation consumption [2][5] 6. **Profit Projections**: - The company anticipates profits reaching 400-500 million yuan by 2026. If it returns to pre-pandemic levels and incorporates acquisitions, profits could exceed 560 million yuan, indicating substantial growth potential [2][5] 7. **Industry Valuation and Market Outlook**: - The average industry valuation is around 20 times earnings, and there is optimism that Shaanxi Tourism's market capitalization could exceed 15 billion yuan, reflecting a positive outlook for the company's future development [3][5] Additional Important Content - **Visitor Trends**: - The Taishan area attracts over 8 million visitors annually, and local government initiatives aim to enhance nighttime activities through quality performances, similar to successful models like Pingyao Ancient City [5]

投资要点 控股股东陕旅集团旗下文旅资源丰富，有望赋能公司发展。 盈利预测与投资评级：陕西旅游依托华清宫和华山核心资源运营演艺和索道业务，背靠陕西省国资享受 政策红利。我们预测2025-2027 年公司归母净利润为3.9/5.1/5.9 亿元，对应PE 为31/24/21 倍。考虑到陕 西旅游新项目和股东赋能增长，首次覆盖给予"买入"评级。 风险提示：宏观经济波动；新项目落地进度不及预期；自然灾害和极端天气影响经营。 "演艺+索道"双轮驱动的文旅龙头：陕西旅游的前身陕西省旅游建筑规划设计所成立于1987 年。公司已 在上海证券交易所上市。公司主营业务为旅游演艺、旅游索道、旅游餐饮及旅游项目投资与管理，运营 着被誉为"中国旅游文化演艺典范"的《长恨歌》大型实景历史舞剧，以及位于世界自然与文化双遗产 ——华山的旅游索道等核心资产。2024 年公司实现营业收入12.63 亿元，同比+16.03%；归母净利润达 5.12 亿元，同比+19.72%。 行业景气延续：市场景气延续，消费提质升级。2025 年前三季度累计客流量延续增势，铁路/民航累计 客流量同比增速分别为6.0%/5.2%；国内出游人次/游客出游总花费同比分 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [1]. Core Insights - Shaanxi Tourism is positioned as a leading cultural tourism company driven by its dual focus on performance arts and cableway operations, leveraging rich historical and cultural resources in Shaanxi Province [8][14]. - The company is expected to achieve a revenue of CNY 1.263 billion in 2024, representing a year-on-year growth of 16.03%, with a net profit of CNY 511.73 million, up 19.72% [8][14]. - The report highlights the ongoing recovery and growth in the tourism industry, supported by favorable government policies and increasing consumer spending on travel [44][51]. Summary by Sections Company Overview - Shaanxi Tourism operates major businesses in tourism performance, cableway services, and tourism project investment and management, with its flagship performance being the large-scale historical dance drama "The Song of Everlasting Regret" [8][14]. - The company has a strong historical foundation and has been publicly listed since 2026, with significant assets including the Huashan cableway and the performance at Huaqing Palace [8][14]. Industry Outlook - The tourism market is experiencing sustained growth, with domestic travel numbers and spending recovering to pre-pandemic levels, indicating a robust demand for tourism services [44][48]. - Government policies are increasingly supportive of the cultural and tourism sectors, aiming to enhance the integration of culture and tourism [51][52]. Financial Analysis - The company forecasts a total revenue of CNY 1.071 billion for 2023, with a projected net profit of CNY 418.27 million, reflecting a significant year-on-year increase of 662.06% [1][8]. - The earnings per share (EPS) is expected to be CNY 5.41 in 2023, with a price-to-earnings (P/E) ratio of 29.45 [1][8]. Profit Forecast and Investment Recommendations - The report predicts net profits for 2025, 2026, and 2027 to be CNY 394.30 million, CNY 513.89 million, and CNY 588.88 million respectively, with corresponding P/E ratios of 31, 24, and 21 [1][8]. - The company is expected to benefit from new projects and shareholder support, justifying the "Buy" rating [8][14].

Core Viewpoint - The company plans to invest in four performances as part of the second phase of the Taishan Xiucheng project, focusing on cultural and historical storytelling to enhance visitor experience and operational efficiency [2] Investment Plans - The company will invest in four performances in the second phase of the Taishan Xiucheng project, considering project yield and return on net assets in decision-making [2] Cultural Significance - The performances will showcase local historical stories with deep educational significance, aiming to present them in a more vivid manner [2] Project Synergy - The second phase will complement the existing first phase project "Taishan Fenghuo," creating a "Taishan Xiucheng Performance Cluster" to provide a diverse range of performances [2] Operational Efficiency - The project aims to extend visitor stay and enhance overall operational efficiency of the scenic area, thereby improving the company's competitive edge and profitability [2]

Core Viewpoint - Shaanxi Tourism (603402) has demonstrated strong brand recognition and market influence through its long-running performance of "The Song of Everlasting Regret," which has been operating for over 18 years since its launch in 2007, entering a stable development phase with resilient performance and growth potential [1] Group 1: Performance and Brand Development - The company has established a stable operating cycle that continuously contributes to solid business performance [1] - "The Song of Everlasting Regret" has shown good performance resilience and growth potential, indicating a strong market position [1] Group 2: Future Strategies - The company plans to strengthen its core products and further unleash brand potential by continuously optimizing the performance quality and audience experience of "The Song of Everlasting Regret" and its variant, "Ice and Fire: The Song of Everlasting Regret" [1] - Regular upgrades and iterations will be implemented for costumes, stage design, lighting, and sound to maintain a fresh and high artistic standard in performances [1] - The application of digital stage design and immersive special effects will be promoted to enhance visual experience and artistic impact [1] Group 3: Performance Mechanism - The company will implement flexible performance scheduling during peak periods such as summer and golden weeks to match reception capacity with market demand [1] - This strategy aims to further improve audience attendance rates and per capita consumption levels, thereby strengthening brand effects and expanding market share [1]

证券日报网1月23日讯，陕西旅游（603402）在接受调研者提问时表示，公司目前主业基本盘稳定，发 展路径清晰，后续如有其他计划，以公司披露的公告为准。 ...

证券日报网1月23日讯，陕西旅游（603402）在接受调研者提问时表示，本次IPO筹备过程中，公司与 太华索道及瑶光阁公司的少数股东就其股权转让进行了多轮沟通，最终达成了收购意向，具备了收购可 行性。此外，公司投入建设了少华山南线索道，收购少华山奥吉沟索道资产组后，可以更好地掌控游客 的流动情况，根据游客的需求和分布情况进行合理的资源配置和调度。同时，还能将其纳入自身的运营 体系，通过索道连接景区内的各个景点，与其他旅游资源和业务进行深度整合，为游客提供一站式的旅 游服务，形成更加完整的旅游产业链。 ...