二、对公司的影响及风险提示 根据《企业会计准则第 28 号——会计政策、会计估计变更和差 错更正》相关规定，上述补缴税款事项不属于前期会计差错，不涉及 前期财务数据追溯调整。三峡游轮中心补缴上述税款将计入公司2025 年当期损益，预计将影响公司 2025 年度归属于上市公司股东的净利 润约 44,332,056.59 元，最终以 2025 年度经审计的财务报表为准。本 事项不会对公司的正常经营产生重大影响，敬请广大投资者注意投资 1 证券代码：002627 证券简称：三峡旅游 公告编号：2025-051 湖北三峡旅游集团股份有限公司 关于子公司补缴税款的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 湖北三峡旅游集团股份有限公司（以下简称"公司"）近期按税 务部门风险提示对公司及子公司涉税业务开展了自查，现将有关情况 公告如下： 一、基本情况 经自查，公司控股子公司湖北宜昌长江三峡游轮中心开发有限公 司（以下简称"三峡游轮中心"）需补缴税款及滞纳金 54,940,382.10 元，其中增值税及附加 24,232,104.26 元（含滞纳金），土地增值税 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][7]. Core Insights - The company has transitioned from a traditional road passenger transport enterprise to a leader in the Yangtze River Three Gorges cruise tourism sector, focusing on its core tourism business [6][15]. - The company has successfully optimized its product offerings, including the "Two Dams and One Gorge" and "High Gorge and Flat Lake" tours, which are integral to its tourism service system [6][38]. - The company is expected to achieve a compound annual growth rate (CAGR) of 27% in net profit from 2025 to 2027, with a target market capitalization of 8 billion yuan, indicating a potential upside of 73% from the current market value [7][24]. Summary by Sections 1. Transition from Transport to Tourism - The company has undergone a strategic transformation, focusing on tourism and gradually divesting from capital-intensive businesses like passenger car services [6][29]. - The company has established a comprehensive tourism service system, enhancing its competitive edge in the Three Gorges tourism market [6][15]. 2. Product Development and Market Position - The core products include "Two Dams and One Gorge," "High Gorge and Flat Lake," "Three Gorges Family Special Line," and "Yangtze River Night Tour," which cater to diverse customer needs [6][38]. - The company has introduced new vessels and upgraded existing products to enhance customer experience and increase ticket prices, reflecting a strong market demand for high-quality tourism experiences [6][66]. 3. Financial Performance and Forecast - The company is projected to generate total revenue of 741 million yuan in 2024, with a net profit of 118 million yuan, showing a recovery trend in its core tourism business [5][24]. - The report anticipates a steady increase in revenue and net profit over the next few years, with significant growth expected in the tourism segment [5][24]. 4. Market Dynamics and Competitive Landscape - The Yangtze River cruise market is characterized by limited supply due to strict regulatory controls, which favors high-end luxury cruises over economy options [6][9]. - The company is well-positioned to capitalize on the growing demand for luxury cruise experiences, supported by its strategic investments in new vessels and service enhancements [6][9].

Group 1 - The company held a conference call on September 23, where it was surveyed by 18 institutions including CITIC Securities and GF Securities [1] - The company reported a significant increase in foreign tourist reception, with approximately 44,000 foreign tourists in the first half of 2025, representing a growth of over 30% compared to the same period last year [1] - The company is repositioning its interstate cruise products as "vacation cruises," focusing on the luxury concept and restructuring products and routes around the theme of "vacation" [1] Group 2 - The company has a strong financial position with ample cash reserves and a low debt-to-asset ratio, indicating that the construction of the interstate cruise project will not impose significant financial pressure [1] - Marketing strategies include online promotion through OTA platforms, social media, and the company's own website and app, as well as offline efforts targeting core markets within 800 kilometers [1] - The company’s existing "Two Gorges and One Canyon" sightseeing cruise products are primarily day trips, and they do not compete with interstate cruises, which actually help to bring in more customers [1]

证券代码：002627 证券简称：三峡旅游 湖北三峡旅游集团股份有限公司投资者关系活动记录表 编号：2025-07 | | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | √其他 （电话会议） | | | | 中信证券 李振寰 | 杨清朴 | | | 广发证券 包晗 | | | | 银华基金 薛泽岚 | | | | 中欧基金 刘昊 | | | | 嘉实基金 靳雨鑫 | | | | 财通证券 周诗琪 | | | | 华创证券 饶临风 | | | 参与单位名称及 | 银河基金 杨宁 | | | 人员姓名 | 长江自营 李昊明 | | | | 广发基金 陈哲 | | | | 长江养老 曾知 | | | | 富国基金 苏颖 | | | | 博时基金 付伟 | | | | 东吴基金 周玮琳 | | | | 申万宏源证券 赵令伊 | 杨光 | | | 申万菱信基金 付娟 | 黄书瀚 | | 时间 | 年 月 日 2025 9 23 | | | 地点 | ...

Core Viewpoint - The company has established a clear development goal to transform towards the tourism industry and will focus more on tourism industry investments [1] Group 1: Company Strategy - The company will prioritize the concentration of tourism resources from its controlling shareholder to the listed company, provided they meet relevant conditions [1] - Any mergers and acquisitions will be formally announced through the company's legal information disclosure channels [1]

Market Overview - On September 22, the railway and highway sector declined by 0.64% compared to the previous trading day, with Sanxia Tourism leading the decline [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable gainers in the railway and highway sector included: - San Shou Ma (001317) with a closing price of 52.52, up 3.41% on a trading volume of 78,900 shares and a turnover of 410 million yuan [1] - Fu Lin Yuan V (002357) with a closing price of 10.67, up 1.62% on a trading volume of 109,000 shares and a turnover of 115 million yuan [1] - Guangshen Railway (601333) with a closing price of 3.35, up 1.52% on a trading volume of 774,200 shares and a turnover of 258 million yuan [1] - Conversely, significant decliners included: - Sanxia Tourism (002627) with a closing price of 6.62, down 5.16% on a trading volume of 489,500 shares and a turnover of 328 million yuan [2] - Longjiang Transportation (601188) with a closing price of 3.48, down 2.25% on a trading volume of 222,300 shares and a turnover of 77.56 million yuan [2] Capital Flow - The railway and highway sector experienced a net outflow of 173 million yuan from institutional investors, while retail investors saw a net inflow of 160 million yuan [2] - The sector's capital flow details indicate: - Guangshen Railway had a net inflow of 24.99 million yuan from institutional investors, but a net outflow of 19.86 million yuan from retail investors [3] - Tielong Logistics (600125) saw a net inflow of 19.55 million yuan from institutional investors, with a net outflow of 16.41 million yuan from retail investors [3]

（编辑 王雪儿） 证券日报网讯 三峡旅游9月22日发布公告，在公司回答调研者提问时表示，根据公司《长江三峡省际度 假型游轮旅游可行性研究报告》，公司首批2艘省级游轮将分别于2026年6月、2026年12月完工并投入运 行，第二批2艘省级游轮将于2028年6月完工并投入运行；公司4艘省级游轮将运营长江三峡最经典、最 受欢迎的宜渝航线（宜昌至重庆）；公司宜渝航线定价取2800-3000元/人，旅行社协议结算价取2500元/ 人，但最终定价将充分参考新建游轮投运时，对应的同类档次产品的运营价格，并根据市场竞争及营销 渠道建设等因素综合考虑。 ...

Core Points - The company announced the decision to abolish the supervisory board and establish employee representative directors as part of governance improvements [1] - The first extraordinary general meeting of shareholders in 2025 will vote on the proposed amendments [1] - Hu Junhong will resign as director and vice chairman but will continue as the company secretary, participating in strategic investment, capital operations, governance, and risk control [1] Governance Changes - The company will hold its first extraordinary general meeting on September 10, 2025, to vote on the proposal to amend its governance structure [1] - The decision aligns with the requirements of the Company Law of the People's Republic of China and related regulations [1] - Adjustments will be made to the composition of the board of directors and personnel [1] Personnel Adjustments - Hu Junhong will step down from his roles as director and vice chairman but will retain his position as the company secretary [1] - He will continue to be involved in key areas such as strategic investment and risk control [1]

证券日报网讯 三峡旅游9月22日发布公告，在公司回答调研者提问时表示，公司近三年已完成两次股份 回购：2022年11月18日至2023年11月10日，公司首次实施股份回购，回购股份1892.19万股，该次回购 股份用途为"股权激励计划、员工持股计划或减少注册资本"，需在披露回购结果暨股份变动公告后三十 六个月内完成既定用途，若未完成则该等股份将被注销；2024年2月7日至2024年4月30日，公司实施第 二次股份回购，回购股份1024.76万股，本次回购股份用途为"为维护公司价值及股东权益所必需"，将 在公司披露回购结果公告十二个月后，根据相关规则择机通过集中竞价交易方式出售，并在三十六个月 内全部转让。 （编辑 王雪儿） ...

Core Viewpoint - Three Gorges Tourism announced a significant increase in revenue and visitor numbers for its tourism business in the first half of 2025, indicating strong growth in the sector [1] Financial Performance - The company achieved a revenue of 286 million yuan in its tourism comprehensive business for the first half of 2025, representing a year-on-year growth of 20.20% [1] - The company's cruise products received a total of 1.2525 million visitors, which is an increase of 10.96% compared to the same period in 2024, marking a new record for visitor numbers [1]