Ge Long Hui A P P·2026-01-05 06:05Group 1 - The core viewpoint of the article highlights Guilin Tourism as a diversified tourism group based in Guilin, with a focus on the recovery of the tourism market and the continuous release of policy dividends [1] - Guilin Tourism operates multiple businesses including scenic area tourism, Li River cruise transportation, Li River Waterfall Hotel, and passenger services, emphasizing the integration of culture and tourism [1] - The company benefits from its connection to state-owned assets in Guilin, which allows it to enjoy policy advantages and optimize profit performance through asset management [1] Group 2 - The tourism market is experiencing a strong recovery, supported by core tourism resources and various measures to enhance development [1] - New projects are expected to open up growth opportunities for Guilin Tourism, reinforcing its position as a leading player in Guangxi's tourism sector [1] - The company is anticipated to have a valuation premium due to expectations of quality improvement and resource integration, leading to an "overweight" rating in the initial coverage [1]