股票代码：002033 股票简称：丽江股份 公告编号：2024027 丽江玉龙旅游股份有限公司 2023 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议通知情况：公司董事会于2024年3月12日分别在《证券时报》、《中 国证券报》及巨潮资讯网上刊登了《关于召开2023年度股东大会的通知》。 2、召集人：公司董事会 3、表决方式：采取现场与网络投票相结合的表决方式 4、召开时间： 现场会议召开时间：2024年4月12日下午14:30 网络投票时间为：2024年4月12日 通过深圳证券交易所交易系统进行网络投票的具体时间为 2024年4月12日 9:15－9:25，9:30－11:30，13:00－15:00；通过深圳证券交易所互联网投票系 统开始投票的时间为 2024年4月12日上午 9:15 至下午 15:00 期间的任意时间。 5、现场会议召开地点：云南省丽江市古城区祥和路276号 丽江和府洲际度 假酒店会议室 1、本次股东大会未出现否决 ...

关 于 丽 江 玉 龙 旅 游 股 份 有 限 公 司 2023 年 度 股 东 大 会 的 法 律 意 见 书 北京大成（昆明）律师事务所 关于丽江玉龙旅游股份有限公司 2023 年度股东大会的 法律意见书 致：丽江玉龙旅游股份有限公司 丽江玉龙旅游股份有限公司（以下简称"公司"）2023 年度股东 大会（以下简称"本次股东大会"）于 2024 年 4 月 12 日下午 14:30 在丽江和府洲际度假酒店会议室召开，北京大成（昆明）律师事务所 （以下简称"本所"）接受公司的委托，指派黄松、邓玉杰律师（以 下简称"本所律师"）出席会议，并依据《中华人民共和国证券法》 《中华人民共和国公司法》《律师事务所从事证券法律业务管理办法》 《律师事务所证券法律业务执业规则（试行）》《上市公司股东大会规 则（2022 修订）》（以下简称"《股东大会规则》"）和《丽江玉龙旅游 股份有限公司章程》（以下简称"《公司章程》"）出具本法律意见书。 大成 is Dentons' Preferred Law Firm in China 北 京 大 成 (昆 明 )律 师 事 务 所 www.dacheng.com www.dento ...

丽江玉龙旅游股份有限公司 关于召开2023年度股东大会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 丽江玉龙旅游股份有限公司（以下简称"公司"）于2024年3月12日在《证 券时报》、《中国证券报》及巨潮资讯网（http://www.cninfo.com.cn）上刊登 了《关于召开2023年度股东大会的通知》，为保护广大投资者的合法权益，方便 各位股东行使股东大会表决权，现将会议有关事项提示如下： 一、会议召开的基本情况 （一）本次股东大会的召开时间： 股票代码：002033 股票简称：丽江股份 公告编号：2024026 1、现场会议召开时间：2024年4月12日下午14:30； 2、网络投票时间为：2024年4月12日 通过深圳证券交易所交易系统进行网络投票的具体时间为 2024年4月12日 9:15－9:25，9:30－11:30，13:00－15:00；通过深圳证券交易所互联网投票系 统开始投票的时间为 2024 年4月12日上午 9:15 至下午 15:00 期间的任意时 间。 （二）股权登记日：2024年4月8日。 （三）现场会议召开 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][27]. Core Insights - The company is expected to benefit from the opening of new projects in 2024, a continuous recovery in visitor traffic, and effective cost control, with projected EPS for 2024-2026 at 0.46, 0.50, and 0.52 yuan respectively [3][26]. - The target price is set at 10.58 yuan based on a 23x PE ratio of comparable companies for 2024 [3][26]. Financial Performance - In 2023, the company reported total revenue of 799 million yuan, a year-on-year increase of 152.37%, and a net profit attributable to shareholders of 227 million yuan, up 5971.91% year-on-year [6][7]. - The revenue from the cable car business reached 387 million yuan, a 16.8% increase compared to 2019, while hotel operations generated 188 million yuan, a 57.8% increase compared to 2019 [6][7]. - The gross profit margin for the tourism segment was 61.49%, down 8.04 percentage points from 2019, primarily due to increased depreciation [6][7]. Visitor Traffic and Growth Potential - The company welcomed 6.1211 million visitors across its three cable cars in 2023, a 215.67% increase year-on-year [6][7]. - The opening of the high-end hotel in Lugu Lake in June 2024 is expected to provide new growth momentum for the company [6][7]. Dividend Performance - The company proposed a cash dividend of 3.50 yuan per 10 shares for the 2023 fiscal year, with a total payout of 192 million yuan, resulting in a dividend payout ratio of approximately 84.6% [6][7].

《丽江玉龙旅游股份有限公司 2023 年年度报告摘要》已于 2024 年 3 月 12 日刊登在《证券时报》和《中国证券报》，《2023 年年度 报告全文及摘要》同时刊登于巨潮资讯网(www.cninfo.com.cn)，为 使广大投资者，特别是中小投资者进一步详细了解公司年报信息，公 司定于 2024 年 3 月 27 日下午 15:00-17:00 通过全景网"投资者关系 互动平台"（https://ir.p5w.net）以网络远程方式召开 2023 年年 度报告说明会。届时公司董事长和献中、副总经理兼董事会秘书杨宁、 财务总监吕庆泽、独立董事盘莉红将就公司经营、未来发展等方面的 情况与投资者进行交流，欢迎广大投资者积极参与。 二、征集问题事项 为充分尊重投资者、提升交流的针对性，现就公司 2023年度业 绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和建议， 投资者可于 2024 年 3 月26日16：00 前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专题页 面。公司将在 2023 年度业绩说明会上，对投资者普遍关注的问题进 行回答。 股票代码：002033 ...

日前，首份旅游业上市公司2023年年报出炉——丽江股份实现营业收入7.99亿元，同比增长152.37%， 实现归母净利润2.27亿元，同比增长5971.91%。这一数据超越了公司2019年业绩。 受整体大环境向好 的影响，多数旅游业上市公司均预计2023年业绩均有不俗表现。同时，旅游业的回暖带动了相关行业的 发展，比如，2023年众多国内酒店集团迎来强势修复，实现扭亏为盈。 旅游业上市公司业绩高增长， 反映的是我国旅游业的“热辣滚烫”。根据国家统计局公布的数据，2023年，全年国内出游48.9亿人次， 比上年增长93.3%。国内游客出游总花费49133亿元，增长140.3%。 窥一斑而知全豹。旅游业“热辣滚 烫”，折射出我国经济恢复向好的态势和底气。这还可以从更多的“高频指标”中得到佐证。国家信息中 心大数据显示，春节假期后全国工程机械开工率稳步恢复，节后第一周（2月18日至2月24日，下同）平 均开工率较春节期间低点大幅回升12个百分点；线下商圈人流热度指数节后第一周较去年同期增长 2.6%；工业园区生产热度指数节后第一周日均值较去年同期增长14.4%；技术创新型企业经营活力指数 节后第一周日均值较去年同期 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [8][17]. Core Views - The company's performance in 2023 met expectations, with a significant year-on-year revenue growth of 152% [8]. - The company plans to distribute a dividend of 3.5 yuan per 10 shares, reflecting a dividend yield of 3.68% [8]. - The report highlights the continuous verification of the company's business climate, particularly during the 2024 Spring Festival [8]. Financial Summary - **Revenue Forecast**: - 2022: 317 million yuan - 2023: 799 million yuan - 2024E: 867 million yuan - 2025E: 949 million yuan - 2026E: 1,000 million yuan - Year-on-year growth rates: 2023: 152%, 2024E: 9%, 2025E: 9%, 2026E: 5% [8][10]. - **Net Profit Forecast**: - 2022: 4 million yuan - 2023: 227 million yuan - 2024E: 272 million yuan - 2025E: 309 million yuan - 2026E: 337 million yuan - Year-on-year growth rates: 2023: 6,072%, 2024E: 20%, 2025E: 14%, 2026E: 9% [8][10]. - **Earnings Per Share (EPS)**: - 2022: 0.01 yuan - 2023: 0.41 yuan - 2024E: 0.49 yuan - 2025E: 0.56 yuan - 2026E: 0.61 yuan [8][10]. - **Cash Flow**: - Operating cash flow for 2023 is projected at 405 million yuan, increasing to 513 million yuan by 2026 [15]. - **Key Financial Ratios**: - Return on Equity (ROE) is expected to stabilize at around 10% from 2024 onwards [10][20]. - The company's debt-to-equity ratio is projected to rise from 0.59% in 2023 to 17.19% by 2026, indicating a gradual increase in leverage [20]. Business Segments - **Cableway Business**: - The report emphasizes the growth in visitor numbers for the Yunshanping and Yangniuping cableways, with a significant increase in total visitors in 2023 [8]. - **Hotel Business**: - The Lijiang HeFu Hotel Company achieved a net profit of 368.34 million yuan in 2023, indicating a positive trend in hotel operations [8]. - **Cost Management**: - The company has effectively controlled its management and sales expenses, with a sales expense ratio of 3.36% in 2023 [8].

| --- | --- | |--------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

002033.SZ 股价表现 | --- | --- | --- | |----------------------------------|------------|----------| | | | | | | | | | 发行股数 ( 百万 ) | | 549.49 | | 流通股 ( 百万 ) | | 549.48 | | 总市值 ( 人民币 百万 ) | | 5,220.16 | | 3 个月日均交易额 ( 人民币 | 百万 ) | 268.08 | | 主要股东 | | | | 丽江玉龙雪山旅游开发有限责任公司 | | 15.73 | | 资料来源：公司公告， Wind | ，中银证券 | | 相关研究报告 《丽江股份》20240124 《丽江股份》20231024 《丽江股份》20230811 中银国际证券股份有限公司 具备证券投资咨询业务资格 社会服务：旅游及景区 证券分析师：李小民 (8621)20328901 xiaomin.li@bocichina.com 证券投资咨询业务证书编号：S1300522090001 丽江股份 利润改善提高分红，供给优化增量可期 评级面临的主要风险 市场竞争风 ...

Financial Performance - The company's operating revenue for 2023 reached ¥798.90 million, a significant increase of 152.37% compared to ¥316.56 million in 2022[21]. - Net profit attributable to shareholders surged to ¥227.41 million, marking a dramatic increase of 5,971.91% from ¥3.68 million in 2022[21]. - The net profit after deducting non-recurring gains and losses was ¥235.23 million, up 1,251.42% from a loss of ¥20.49 million in 2022[21]. - The net cash flow from operating activities was ¥405.41 million, representing a 247.70% increase from ¥116.60 million in 2022[21]. - Basic earnings per share rose to ¥0.4139, a staggering increase of 5,986.76% from ¥0.0067 in 2022[21]. - Total assets at the end of 2023 were ¥2.92 billion, reflecting a growth of 6.33% from ¥2.75 billion at the end of 2022[21]. - The net assets attributable to shareholders increased to ¥2.51 billion, a rise of 3.72% from ¥2.42 billion in 2022[21]. - The company reported a quarterly operating revenue of ¥249.43 million in Q3 2023, with a net profit of ¥90.76 million for the same period[26]. Dividend Distribution - The company plans to distribute a cash dividend of 3.50 RMB per 10 shares to all shareholders, based on a total of 549,490,711 shares[5]. - The profit distribution plan for 2022 was approved, with a cash dividend of 2.50 yuan per 10 shares, totaling 137,372,677.75 yuan[133]. - The total amount of cash dividends distributed is 192,321,748.85 CNY, which accounts for 100% of the distributable profit[135]. - The cash dividend per 10 shares is set at 3.50 CNY (including tax), with no bonus shares issued[135]. - The company plans to maintain a minimum cash dividend ratio of 40% in future profit distributions[135]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the meeting[5]. - The board of directors consists of 11 members, including 4 independent directors, ensuring a diverse and professional governance structure[94]. - The company has established a comprehensive governance framework, including specialized committees for nomination, compensation, audit, and strategy to enhance decision-making efficiency[95]. - The company held its annual general meeting within six months after the end of the previous fiscal year, adhering to legal requirements for corporate governance[93]. - The management team includes one general manager, four deputy general managers, and one financial director, ensuring effective operational leadership[96]. - The company emphasizes the protection of shareholder rights and the legal interests of employees through its governance structure[94]. - The company has implemented a series of internal control policies to monitor compliance and operational integrity[95]. - The company’s governance practices align with the regulations set forth by the China Securities Regulatory Commission, indicating no significant discrepancies[98]. Risk Management - Future plans and development strategies are outlined, but they do not constitute a commitment to investors, highlighting the need for caution regarding investment risks[5]. - The report includes a section on risk analysis related to the company's future development outlook[5]. - The company is focusing on risk management strategies to address safety risks associated with cable cars and increasing market competition[86][87]. Market and Operational Strategy - The company aims to expand its business in the mass sightseeing, leisure vacation, and ecological specialty tourism markets, focusing on internationalization, high-end, and distinctive development[84]. - The company is enhancing its sightseeing tourism products through various projects around the Yulong Snow Mountain, including cable cars and large-scale performances[85]. - The company is developing high-end customized tourism products in the Shangri-La ecological tourism circle and the Greater Yunnan tourism loop, meeting the demand for personalized travel experiences[85]. - The company is integrating resources and market opportunities to enhance product offerings and attract investment in key areas such as Yulong Snow Mountain and Lugu Lake[89]. - The company is actively pursuing project investments and partnerships to capitalize on market opportunities and enhance operational efficiency[88]. Environmental and Social Responsibility - The company has committed to environmental protection and energy consumption management, continuously improving its management level to reduce pollution and fulfill its social responsibility[154]. - The company has implemented advanced vacuum toilets in the Glacier Park, which use less than 5% of the water compared to traditional toilets, significantly reducing wastewater generation[154]. - The company has established multiple environmental protection facilities, including eco-friendly toilets and dedicated routes, to ensure sustainable development of the scenic area[154]. - In 2023, the company actively participated in poverty alleviation and rural revitalization efforts, implementing a plan to support local families and enhance community welfare[156]. - The company has developed a tailored support plan for poverty-stricken households, ensuring targeted assistance and monitoring[157]. Investment and Financial Management - The company has engaged in bank wealth management products totaling 23,000 million RMB, with an outstanding balance of 13,000 million RMB[189]. - The company has not reported any significant changes in the scope of consolidated financial statements compared to the previous year[167]. - The company has ensured that related party transactions are conducted fairly and transparently, adhering to market principles[161]. - The company has maintained a stable shareholding structure with no changes in the number of shares issued[195]. Employee Management and Development - The total number of employees at the end of the reporting period is 1,593, with 269 in the parent company and 1,324 in major subsidiaries[129]. - The company conducted 512 training sessions in 2023, with a total of 9,440 participants[132]. - The company maintains a competitive salary structure based on local labor market levels to attract and retain talent[131]. - The management team emphasized the importance of staff training and development to maintain high service standards in the competitive tourism market[110]. Future Outlook - The company plans to achieve an operating income of 829 million yuan and a net profit attributable to shareholders of 206 million yuan in 2024[89]. - Future guidance indicates a projected revenue growth of approximately 10% for the next fiscal year, driven by increased tourist arrivals and enhanced service offerings[110]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[116].