Core Insights - The A-share market has seen a collective decline in tourism stocks, with significant drops in several companies' share prices [1] Group 1: Stock Performance - Xiangyuan Culture and Tourism (祥源文旅) experienced a decline of over 6.71%, with a total market capitalization of 7.329 billion [2] - Haikan Co. (海看股份) fell by 5.47%, with a market cap of 10.7 billion [2] - Emei Mountain A (峨眉山A) dropped by 4.14%, with a market value of 6.95 billion [2] - Other notable declines include Caesar Travel (凯撒旅业) down 3.88%, Qujiang Culture and Tourism (曲江文旅) down 3.85%, and Nanjing Commercial Travel (南京商旅) down 3.73% [1][2] Group 2: Year-to-Date Performance - Year-to-date performance shows that Xiangyuan Culture and Tourism has only increased by 0.87% [2] - Haikan Co. has a year-to-date increase of 4.70% despite the recent decline [2] - Emei Mountain A has a modest year-to-date increase of 1.54% [2] - Other companies like Caesar Travel and Qujiang Culture and Tourism have year-to-date increases of 64.94% and 11.77% respectively, indicating some resilience despite recent stock price drops [2]

Group 1 - The A-share market saw a collective decline in tourism stocks, with significant drops in companies such as Xiangyuan Cultural Tourism, Haikan Co., and Emei Mountain A [1] - Xiangyuan Cultural Tourism experienced a drop of over 6.71%, while Haikan Co. fell by over 5.47% [2] - Other notable declines included Emei Mountain A at -4.14%, and Caesar Travel at -3.88% [2] Group 2 - The total market capitalization of Xiangyuan Cultural Tourism is 7.329 billion, while Haikan Co. stands at 10.7 billion [2] - Year-to-date performance shows Xiangyuan Cultural Tourism with a gain of 0.87%, while Haikan Co. has increased by 4.70% [2] - Other companies like Nanjing Commercial Travel and Xian Tourism also reported declines of -3.73% and -3.56% respectively [2]

Core Viewpoint - Tianfu Cultural Tourism (000558.SZ) announced a significant reduction in shareholding by its major shareholder, Rhine Group, which will decrease its stake from 8.95% to 5.00% through a series of share sales [1] Group 1: Shareholding Changes - Rhine Group and its concerted party, Gao Jingna, will reduce their holdings by a total of 50,948,902 shares, representing 3.95% of the company's total share capital, from January 11, 2024, to November 27, 2025 [1] - The reduction will trigger a change in equity that touches the 5% threshold [1] - Additionally, from November 26 to November 27, 2025, Rhine Group will further reduce its holdings by 6,373,602 shares, accounting for 0.49%, which will also touch the 1% threshold [1]

格隆汇11月28日｜天府文旅公告称，持股5%以上股东莱茵达集团于2025年11月26 - 27日，以集中竞价 减持637.36万股，占总股本0.49%，持股降至6446.11万股，占比5%，权益变动触及1%；2024年1月11日 至2025年11月27日，莱茵达集团及其一致行动人高靖娜合计减持3.95%，持股从8.95%降至5%，触及5% 刻度。此外，莱茵达集团于25年11月26 - 27日解除质押637.36万股。本次减持不会致控制权变化，不影 响公司治理与经营。 ...

成都新天府文化旅游发展股份有限公司 简式权益变动报告书 上市公司名称：成都新天府文化旅游发展股份有限公司 股票上市地点：深圳证券交易所 股票简称：天府文旅 股票代码：000558 信息披露义务人1：莱茵达控股集团有限公司 法定代表人：俞波 住所：西藏自治区拉萨市堆龙德庆区团结路口远大商厦502 通讯地址：浙江省杭州市古墩路87号浙商财富中心12楼 信息披露义务人2（一致行动人）：高靖娜 住所：杭州市西湖区云桂花园 通讯地址：浙江省杭州市古墩路87号浙商财富中心12楼 股权变动性质：因卖出股份，信息披露义务人合计持股比例触及5% 签署日期：二〇二五年十一月二十八日 1 信息披露义务人声明 截至本报告书签署之日，除本报告书披露的信息外，信息披露义务人没有通 过任何其他方式增加或减少其在成都新天府文化旅游发展股份有限公司中拥有 权益的股份。 四、本次权益变动是根据本报告书所载明的资料进行的。信息披露义务人没 有委托或者授权任何其他人提供在本报告书中列载的信息和对本报告书作出任 何解释或者说明。 五、信息披露义务人承诺本报告不存在虚假记载、误导性陈述或重大遗漏， 并对其真实性、准确性和完整性承担个别和连带的法律责任。 ...

成都新天府文化旅游发展股份有限公司 持股 5%以上股东股份减持比例触及 1%刻度并解除质押 暨权益变动触及 5%的公告 股东莱茵达控股集团有限公司及一致行动人高靖娜女士保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、成都新天府文化旅游发展股份有限公司（以下简称"公司""上市公司"或"天 府文旅"）持股5%以上股东莱茵达控股集团有限公司（以下简称"莱茵达集团"）， 于2025年11月26日、11月27日期间，以集中竞价交易方式累计减持公司股份6,373,602 股。截至本公告披露日，莱茵达集团持有公司股份64,461,098，占公司总股本的5%， 持股变动触及1%；同时，莱茵达集团及一致行动人高靖娜女士持有公司股份累计减持 后，触及5%刻度。 2、本次权益变动不触及要约收购，亦不会导致公司控股股东、实际控制人发生变 化，不会影响公司的治理结构和持续经营。 证券代码：000558 证券简称：天府文旅 公告编号：2025-084 成都新天府文化旅游发展股份有限公司于近日收到合计持股5%股东莱茵达集 ...

Core Insights - The tourism and scenic spots sector increased by 0.46% on November 28, with Caesar Travel leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Sector Performance - Caesar Travel (Code: 000796) closed at 6.93, up 3.74% with a trading volume of 992,900 shares and a transaction value of 676 million yuan [1] - Other notable performers included: - Three Gorges Tourism (Code: 002627) at 6.52, up 2.19% [1] - SanTe Cableway (Code: 002159) at 15.58, up 1.50% [1] - Western Region Tourism (Code: 300859) at 36.16, up 1.49% [1] - Tianfu Cultural Tourism (Code: 000558) at 5.91, up 1.37% [1] Decliners - Yunnan Tourism (Code: 002059) closed at 5.64, down 2.42% with a trading volume of 593,000 shares and a transaction value of 331 million yuan [2] - Other notable decliners included: - Xi'an Tourism (Code: 000610) at 12.46, down 2.35% [2] - Qujiang Cultural Tourism (Code: 600706) at 10.91, down 1.45% [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 57.08 million yuan from main funds, with retail investors contributing a net inflow of 101 million yuan [2]

证券日报网讯11月28日，天府文旅（000558）在互动平台回答投资者提问时表示，截至2025年9月30 日，公司普通股股东人数为151930户。 ...

Group 1 - The core viewpoint of the news is that Tianfu Cultural Tourism has shown significant stock price performance, with a year-to-date increase of 74.49% and a recent rise of 12.90% over the last five trading days [1] - As of November 28, the stock price reached 5.95 CNY per share, with a total market capitalization of 7.671 billion CNY [1] - The company has experienced net outflows of main funds amounting to 4.2579 million CNY, with large orders showing a buy-sell imbalance [1] Group 2 - Chengdu New Tianfu Cultural Tourism Development Co., Ltd. was established on March 31, 1988, and listed on May 9, 1994, with its main business activities including cultural tourism, film and television, and real estate [2] - The revenue composition of the company is as follows: cultural tourism 51.88%, film and television 35.03%, real estate leasing 7.45%, conference and exhibition 4.80%, sports 0.83%, and merchandise sales 0.00% [2] - As of September 30, the number of shareholders increased to 151,900, a rise of 96.43%, while the average circulating shares per person decreased by 49.09% [2] Group 3 - For the period from January to September 2025, the company achieved operating revenue of 226 million CNY, reflecting a year-on-year growth of 69.32%, but reported a net profit attributable to shareholders of -18.4479 million CNY, a decrease of 108.64% [2] - The company has distributed a total of 112 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [2]

Core Viewpoint - Tianfu Culture and Tourism (000558.SZ) is aggressively pursuing a transformation in the film and tourism sectors despite facing significant losses, as evidenced by its recent acquisition activities and strategic partnerships [2][3]. Acquisition and Strategic Moves - Tianfu Culture and Tourism plans to jointly acquire a 51% stake in Bipenggou Tourism Development Co., Ltd. with Aba Dajiujiu Tourism Group, marking a significant step in its expansion strategy [2][3]. - The acquisition of Bipenggou, a popular scenic area, is seen as a strategic move to integrate core tourism resources in Sichuan and test the viability of the "film-tourism integration" model [2][6]. Financial Performance - Despite a 69.32% year-on-year increase in revenue to 226 million yuan in the first three quarters of 2025, Tianfu Culture and Tourism reported a net loss of 18.44 million yuan, indicating a significant decline in profitability [15]. - The company's cash flow from operating activities was negative 358 million yuan, a drastic decrease of 945.56% year-on-year, highlighting ongoing financial challenges [15][16]. Market Position and Future Outlook - The acquisition aligns with the company's strategy to enhance its market position and operational efficiency in the evolving tourism landscape, particularly in the post-real estate era [18]. - The partnership with local state-owned enterprises aims to leverage regional tourism resources and create a comprehensive film and tourism ecosystem, potentially increasing cash flow and operational viability [7][13].