“当代系”兄弟“锁喉”，祸及三特索道

Core Viewpoint - The announcement from SanTe Cableway indicates that the shares held by its major shareholder, Contemporary City Construction, have been frozen due to a debt dispute with Contemporary Technology, which may impact the company's financial stability and shareholder structure [1][4]. Shareholder and Shareholding Summary - Contemporary City Construction holds 38,634,659 shares, representing 21.79% of the company, all of which have been frozen [2]. - The total shares frozen across all shareholders amount to 39,933,359, which is 98.04% of the shares held by Contemporary City Construction and its concerted actors [2]. - The current major shareholders include Wuhan High-Tech Group, which holds 23.77% of the company, indicating a shift in the shareholder structure [4]. Financial Performance Summary - For the first three quarters of 2025, SanTe Cableway reported a revenue of 503.21 million yuan, a decrease of 9.07% year-on-year, and a net profit of 138.23 million yuan, down 11.07% [5][6]. - The company experienced a decline in basic earnings per share, which fell to 0.40 yuan, a decrease of 11.11% compared to the previous year [6]. - The overall financial performance is under pressure due to a combination of macroeconomic factors and increased competition in the tourism industry, leading to a decrease in customer spending [6][7]. Market Reaction - As of December 4, the stock price of SanTe Cableway fell by 2.02% to 15.54 yuan per share, with a total market capitalization of approximately 2.755 billion yuan, indicating stagnant performance throughout the year [7].