三特索道分析师会议-20250612

Report Summary 1. Report Industry Investment Rating - No information provided regarding the industry investment rating [1][2] 2. Core Viewpoints - The company operates tourism transportation and scenic area operations nationwide, with a business model that is replicable and highly expandable. It still has significant revenue growth potential in upgrading existing projects and developing new ones [31] 3. Summary by Directory 3.1调研基本情况 - The research object is Santel Cableway, belonging to the tourism and hotel industry. The reception time was on June 12, 2025. The company's reception staff included President Zhang Quan, Director and Chief Accountant Peng Gang, and Vice President and Board Secretary Cao Zheng [16] 3.2详细调研机构 - The reception object was investors who interacted with the company during the 2025 online collective reception day for investors of listed companies in Hubei Province. The reception object type was "other", and the relevant institutional personnel were these investors [19] 3.3调研机构占比 - No information provided [20] 3.4主要内容资料 - IP cooperation: The company has no plans to cooperate with popular IPs such as Labubu or Pop Mart [23][31] - Resource project investment: The company is actively seeking investment cooperation opportunities for high - quality resource projects nationwide, and the specific progress should be followed through company announcements [24] - Employee incentives: The company adheres to the principles of fairness, incentives, and sustainable development, and has established a position - grade and salary system. It currently has no plans for equity incentives [24] - Improving operational efficiency: The company's projects optimize product and service supply based on market demand and resource endowments, formulate comprehensive marketing strategies, promote technological innovation, and achieve digital operation management [26] - Asset impairment: The company conducts annual year - end asset inspections, impairment tests, and entrusts professional evaluation institutions. The year - end impairment situation should be based on the company's year - end results and announcements, and there is no intention to adjust profits [27][29] - Project compensation negotiation: The litigation regarding the cooperation contract dispute of the company's Keqi project in Inner Mongolia is in progress [28] - Investment value and share repurchase: The company's business model has growth potential, and the major shareholder has no plans to repurchase shares [31] - Safety insurance: The company's projects purchase property insurance and accident insurance, covering facilities, staff, and tourists [31]