Core Viewpoint - Jiangsu Shouxihu Cultural Tourism Co., Ltd. has officially submitted its IPO application to the Hong Kong Stock Exchange, aiming to enhance its brand influence and attract strategic investors and funding [2][9]. Group 1: Company Overview - Shouxihu, established in August 2006, is the only licensed operator of water sightseeing boats in Yangzhou, providing various types of water tour services [3][4]. - The company operates 206 boats, with a total passenger capacity of 3,817 per trip, and can accommodate over 35,000 visitors during peak tourist seasons [3][4]. Group 2: Business Diversification - Shouxihu has diversified its services to include sightseeing bus services and has signed a management agreement with the Qing Shui Tan scenic area to generate additional revenue [3][6]. - The company reported a compound annual growth rate of approximately 89.0% in total revenue from 2022 to 2024, with revenues of approximately 31.24 million yuan, 109 million yuan, and 111 million yuan for the years 2022, 2023, and 2024, respectively [6][7]. Group 3: Financial Performance - In 2023, Shouxihu's revenue increased by 249.3% year-on-year, driven by the rebound in tourism following the lifting of COVID-19 restrictions [6][7]. - The revenue from sightseeing bus services has been growing, accounting for 2.3%, 6.9%, 8.3%, and 11.6% of total revenue in 2022, 2023, 2024, and the first half of 2025, respectively [7]. Group 4: Government Support and Capitalization - The company has received significant support from the Yangzhou government, which has implemented policies to assist companies with clear listing intentions [9][10]. - Shouxihu's capital structure has been strengthened through a share issuance that raised approximately 28.56 million yuan, with the Jiangsu Grand Canal (Yangzhou) Cultural Tourism Development Fund acquiring a 10% stake [8].
瘦西湖递表港交所 文旅企业赴港IPO热潮不退
Jing Ji Guan Cha Wang·2025-09-28 06:10