证券代码：002717 证券简称：ST 岭南 公告编号：2025－082 岭南生态文旅股份有限公司 关于股东股份新增轮候冻结的公告 尹洪卫先生保证向本公司提供的信息内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。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。 公司近日获悉股东尹洪卫先生持有的公司股份发生以下冻结情况，具体情况如 下： | 股东名 | 是否为控 股股东或 | 本次轮候冻 | | | 是否为 | 轮候冻 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 第一大股 | 结股份数量 | 占其所持 | 占公司总 | 限售股 | 结期限 | 轮候冻结机 | 冻结原 | | 称 | | | 股份比例 | 股本比例 | 及限售 | | 关 | 因 | | | 东及其一 | （股） | | | 类型 | （月） | | | | | 致行动人 | | | | | | | | | 尹洪卫 | 第一大股东 非控股股东 | 129,462,669 | 48.34% | 7.11% | 含部分 | 36 | ...

Group 1 - The company is involved in a construction contract dispute, where Beijing Dongze Jianye Construction Engineering Co., Ltd. has filed a lawsuit against the company and two other entities, seeking joint liability [1] - Recently, the company received a civil ruling from the Suqian Intermediate People's Court, allowing the plaintiff to withdraw the lawsuit against the company [1][2] - The lawsuit's withdrawal will not negatively impact the company's daily operations or its current and future profits [2] Group 2 - The company and its subsidiaries do not have any other undisclosed litigation or arbitration matters [2] - The company emphasizes that the recent lawsuit's resolution will not affect its financial performance [2]

证券代码：002717 证券简称：ST 岭南 公告编号：2025-081 岭南生态文旅股份有限公司 关于重大诉讼的进展公告 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。 重要内容提示： 1、案件所处的阶段：原告撤回对公司的起诉 2、上市公司所处的当事人地位：被告 因建设工程施工合同纠纷，北京东泽建业建设工程有限公司以中交碧水源建设集 团有限公司、岭南生态文旅股份有限公司（以下简称"公司"）、江苏岭源水务有限责 任公司为被告，向江苏省宿迁市中级人民法院提起诉讼。北京东泽建业建设工程有限 公司认为公司与中交碧水源建设集团有限公司、江苏岭源水务有限责任公司为相关利 益共同体，将公司一同起诉并要求承担连带责任，公司与原告不存在合同关系。具体内 容详见公司于2024年8月3日披露的《关于重大诉讼的公告》（公告编号：2024-104）。 二、本次诉讼案件的进展情况 近日，公司收到江苏省宿迁市中级人民法院《民事裁定书》，裁定准许原告北京东 泽建业建设工程有限公司撤回对被告岭南生态文旅股份有限公司、江苏岭源水务有限 责任公司的起诉。 三、其他尚未披露的诉讼仲裁事项 公司及控 ...

Performance Forecast - The company expects a net loss attributable to shareholders of between 130 million yuan and 195 million yuan for the current reporting period, compared to a loss of 259.45 million yuan in the same period last year [1] - The net loss after deducting non-recurring gains and losses is projected to be between 130.1 million yuan and 195.1 million yuan, compared to a loss of 257.69 million yuan in the previous year [1] - The basic earnings per share are expected to be a loss of 0.07 yuan to 0.11 yuan, compared to a loss of 0.15 yuan per share in the same period last year [1] Reasons for Performance Change - The company is optimizing its business order structure and strategic layout, which has led to new orders falling short of expectations and an overall decline in construction revenue [1] - Some project owners are facing financial difficulties, resulting in delayed and insufficient payments to the company, which has extended the collection period and hindered the progress of ongoing projects [1] - Despite the operational challenges, the company's daily operating expenses continue to incur, leading to significant losses during the reporting period [1] Future Strategies - In the second half of the year, the company plans to seize orders, finalize existing projects, promote project completion acceptance, and enhance efforts to recover outstanding payments to ensure accounts receivable are collected and optimize the debt structure [2]

[Lingnan Eco & Culture Tourism Co., Ltd. 2025 H1 Earnings Forecast](index=1&type=section&id=%E5%B2%AD%E5%8D%97%E7%94%9F%E6%80%81%E6%96%87%E6%97%85%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%202025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [H1 2025 Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a net loss for H1 2025, though the loss is expected to narrow compared to the prior year [Forecast Period](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This earnings forecast covers the financial period from January 1, 2025, to June 30, 2025 - This earnings forecast covers the first half of 2025[2](index=2&type=chunk) [Forecast Details](index=1&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company projects a narrowed net loss and improved basic earnings per share for H1 2025 compared to the same period last year H1 2025 Performance Forecast vs. H1 2024 | Item | This Reporting Period (2025 H1) | Same Period Last Year (2024 H1) | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 130 million – 195 million | Loss: RMB 259.46 million | | **Net Profit after Deducting Non-recurring Items** | Loss: RMB 130.1 million – 195.1 million | Loss: RMB 257.70 million | | **Basic Earnings Per Share (EPS)** | Loss: RMB 0.07/share – RMB 0.11/share | Loss: RMB 0.15/share | [Communication with Auditors](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The current earnings forecast is based on preliminary internal calculations and has not yet been audited by an accounting firm - This earnings forecast is **unaudited** and represents the company's preliminary estimates[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The H1 loss is attributed to reduced construction revenue from lower demand and delayed payments, while operating expenses remained fixed - Key reasons for the loss include **reduced construction revenue** due to market changes, **delayed client payments** impacting project progress, and **fixed operating costs** despite lower income[4](index=4&type=chunk) - Plans for the second half of the year include actively pursuing new orders, accelerating project completions, and strengthening collections of outstanding receivables[4](index=4&type=chunk) [Risk Warning](index=1&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) Investors are advised that these preliminary figures may differ from the final, audited H1 2025 report and should exercise caution - This forecast is a preliminary estimate; final data will be in the official 2025 semi-annual report, and **investors should exercise caution**[6](index=6&type=chunk)

Core Viewpoint - Lingnan Ecological Culture and Tourism Co., Ltd. is facing significant financial difficulties, including the inability to repay its convertible bonds on time, which may lead to further legal and financial repercussions [2][4][6]. Financial Performance - In 2024, the company's operating revenue was 861.84 million yuan, a decline of 59.55% compared to 2023 [3]. - The net profit attributable to shareholders for 2024 was -984.33 million yuan, indicating a reduction in the scale of losses compared to 2023 [3]. - For the first quarter of 2025, the net profit attributable to shareholders was -66.40 million yuan, a decrease of 26.36% in losses compared to the same period in 2024 [3]. Debt and Credit Risk - The credit rating for the "Lingnan Convertible Bond" has been downgraded to C, indicating a high risk of default [2]. - The company is experiencing liquidity pressure due to delayed project payments and high debt levels, which may affect its ability to secure future financing [2][4]. Legal and Regulatory Issues - As of December 31, 2024, the company had 251 pending lawsuits with a total claim amount of 2.95 billion yuan, which represents 11.16% of the company's latest audited net assets [6][7]. - The company is at risk of being delisted if its stock price remains below 1 yuan for 20 consecutive trading days [6]. Asset Pledge and Collateral Risks - The company has pledged its receivables and equity as collateral for the "Lingnan Convertible Bond," but the realizable value of these assets is uncertain due to long collection periods and lack of market reference [5][6]. - There is a risk that if the company files for bankruptcy within a year of the collateral establishment, the pledge may be revoked [5]. Management and Oversight - GF Securities has been appointed as the trustee for the "Lingnan Convertible Bond" and is responsible for monitoring the company's compliance and the interests of bondholders [7][9].

岭南生态文旅股份有限公司 向不特定对象发行可转换公司债券 2025 年度第二十二次临时受托管理事务报告 债券受托管理人 二〇二五年七月 重要声明 本报告依据《可转换公司债券管理办法》《岭南生态文旅股份有限公司与广 发证券股份有限公司关于岭南生态文旅股份有限公司 2018 年公开发行的可转换 公司债券之受托管理协议》（以下简称"受托管理协议"）《岭南生态文旅股份 有限公司公开发行可转换公司债券募集说明书》（以下简称"募集说明书"）等 相关公开信息披露文件、第三方中介机构出具的专业意见等，由债券受托管理 人广发证券股份有限公司（以下简称"广发证券"）编制。广发证券对本报告 中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内 容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 证券代码：002717.SZ 证券简称：ST 岭南 债券代码：128044.SZ 转债简称：岭南转债 近年来公司生态环境建设与修复业务、水务水环境治理业务及文化旅游业 务均遭受了重大的冲击。公司工程项目招投标延迟、开工延迟，项目施工周期 及结算进展均受重大影响，回款情况不佳，资产负债率较高，盈利能力及偿债 能力持续 ...

证券代码：002717 证券简称：ST 岭南 公告编号：2025－079 根据《深圳证券交易所股票上市规则》等规则的要求，岭南生态文旅股份有限公 司（以下简称"公司"）对公司连续十二个月累计的诉讼、仲裁事项进行了统计，现将 有关内容公告如下： 岭南生态文旅股份有限公司 关于累计诉讼、仲裁情况的公告 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。 一、累计诉讼的基本情况 截至2025年7月10日，公司及控股子公司连续十二个月内新增尚未披露的诉讼、 仲裁事项的涉案金额合计约为11,875.93万元，涉案金额累计达公司最近一期经审计 归属于母公司净资产的11.16%。 具体情况详见附件《连续十二个月内累计未披露诉讼、仲裁案件情况统计表》。 二、其他尚未披露的诉讼、仲裁事项 附件：连续十二个月累计未披露诉讼、仲裁案件情况统计表 序号 收到应诉通知 书/传票时间 原告/申请人 被告/被申请人 案由 涉案金额 （万元） 案件进展 1 2025/6 岭南生态文旅股份有限公司 湘潭市城市建设投资经营有限责任公司 湘潭城乡建设发展集团有限公司 建设工程合同 纠纷 4,790.2 ...

Core Insights - In the first half of 2025, 55 listed companies in the cultural tourism sector were analyzed, with 31 experiencing an increase in market value and 24 seeing a decline [3][18] - The highest market value increases were recorded by Wanda Hotel Development at 173.65%, Feiyang Group at 140.7%, and Jinma Amusement at 92.68% [3][4] - Conversely, the largest declines were seen in Lujing Technology at -48.03%, Lingnan Holdings at -43.34%, and Yingxin Development at -26.03% [6][7] Market Value Changes - As of June 30, 2025, the total market value of Wanda Hotel Development was 2.699 billion, while Feiyang Group and Jinma Amusement had market values of 0.126 billion and 4.521 billion respectively [4][7] - Ctrip led the market with a total value of 274.37 billion, followed by China Duty Free at 124.57 billion and Huazhu at 74.53 billion [8][9] - The overall market value of the remaining 52 companies was 390 billion, indicating a significant concentration of value among the top three companies [8] Sector Performance - The cultural tourism sector showed a mixed performance, with scenic area companies generally performing well, such as Haichang Ocean Park with a 39.1% increase and Zhangjiajie with a 28.55% increase [12][13] - Hotel companies also showed varied results, with Huazhu leading at 745.31 billion, while Atour saw a 20.41% increase [14][15] - Online travel companies experienced declines, with Ctrip and Tuniu dropping by 14.94% and 17.79% respectively, while Tongcheng saw a modest increase of 6.08% [16][17] Company-Specific Developments - Wanda Hotel Development's significant increase in market value was attributed to the sale of its subsidiary Wanda Hotel Management for 2.5 billion, which is expected to improve its financial structure [6][7] - Lujing Technology's decline was linked to negative media coverage regarding its management capabilities in scenic area operations [7][8] - The overall performance of cultural tourism companies reflects ongoing operational pressures, with some companies like Fosun Tourism Culture delisting from the Hong Kong stock market [18][19]

Group 1 - Lingnan Ecological Cultural Tourism Co., Ltd. (referred to as "Lingnan Co." or "the company") has received a court ruling from the Sichuan Free Trade Zone People's Court regarding the forced sale of shares held by shareholder Yin Hongwei [1] - A total of 5,000,000 shares, accounting for 0.27% of the company's total shares, were sold at an average price of 1.8206 yuan per share [1] - After the forced execution, Yin Hongwei's total shareholding decreased from 272,791,617 shares (14.99%) to 267,791,617 shares (14.71%) [1] Group 2 - Yin Hongwei does not belong to the company's controlling shareholders or their concerted actors, and the forced execution of shares will not lead to a change in the company's control or adversely affect its operations [1][2]