证券代码：300859 证券简称：西域旅游 公告编号：2025-054 1、本次权益变动属于西域旅游开发股份有限公司（以下简称"公司"）持股5%以 上股东新疆昆仑投资发展合伙企业（有限合伙）（以下简称"昆仑投资"）持有公司 股份总数由7,750,000股（占公司总股本比例5%）变更为7,749,900股，持股比例由5%减 少至4.999935%，不再是公司持股5%以上股东。 2、昆仑投资不属于公司控股股东、实际控制人及其一致行动人，本次权益变动不 会导致公司控股股东、实际控制人发生变化，不会影响公司的治理结构和持续经营。 公司于2025年10月20日在中国证券监督管理委员会指定的创业板信息披露网站巨 潮资讯网（www.cninfo.com.cn）披露了《关于持股5%以上股东股份减持计划的预披露 公告》（公告编号：2025-040），公司持股5%以上股东昆仑投资计划在预披露公告披 露之日起15个交易日后的3个月内以集中竞价方式或者大宗交易方式合计减持公司股份 不超过4,650,000股（约占公司总股本比例3%）。 公司近日收到昆仑投资出具的《关于减持公司股份至5%以下的告知函》，获悉 2025年11月14日，昆 ...

Core Insights - The ice and snow economy is experiencing significant growth, driven by various activities and investments in the sector [1][2][4][6] Group 1: Industry Developments - Harbin is launching ten ice and snow tourism routes and hosting over 20 large-scale events this winter, including the 6th Harbin Ice Festival and the 42nd Harbin International Ice and Snow Festival [2] - The Harbin Ice and Snow World is expanding from 1 million square meters to 1.2 million square meters, utilizing 400,000 cubic meters of ice and snow, incorporating more technology and entertainment elements [2] - The search volume for outdoor ski resorts on Meituan Travel has surged nearly 900% since mid-October, indicating a strong consumer interest in winter sports [3] Group 2: Company Initiatives - Sanfu Outdoor has opened 10 ski stores nationwide and plans to open 2 more in Beijing and Chongli, capitalizing on the outdoor sports and ice economy policies [4] - Xiyu Tourism is planning to develop winter ice and snow entertainment projects at Tian Shan Tian Chi scenic area, including ice dragon boat racing and snowmobiles [4] - Lijiang Co. is leveraging its unique geographical advantages at Yulong Snow Mountain to create a diverse range of ice and snow tourism products [4] Group 3: Market Trends - The sales of ski-related products surged during the "Double Eleven" shopping festival, with ski equipment sales increasing over tenfold in a single day [3] - Huafa Group's Shenzhen Qianhai Ice and Snow World has opened with a total area of approximately 100,000 square meters, featuring five professional ski slopes and recognized as the largest indoor ski center by Guinness World Records [5] - Analysts believe the ice and snow economy has a promising future, supported by policies and a complete industrial ecosystem that benefits upstream and downstream sectors [6]

Core Insights - The tourism and scenic spots sector experienced a decline of 0.54% on November 14, with Xiyu Tourism leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Fund Flow Analysis - On the same day, the tourism and scenic spots sector saw a net outflow of 359 million yuan from main funds, while retail investors contributed a net inflow of 404 million yuan [2] - The table provided indicates specific fund flows for various companies, showing that: - Caesar Travel had a main fund net inflow of 40.13 million yuan, but a net outflow from retail investors of 0.39 million yuan [2] - Jiuhua Tourism experienced a main fund net inflow of 5.51 million yuan, with a net outflow from retail investors of 0.28 million yuan [2] - Guilin Tourism had a main fund net inflow of 3.91 million yuan, but a significant net outflow from retail investors of 1.53 million yuan [2] - Other companies like Emei Mountain A and Huangshan Tourism faced net outflows from both main and retail funds [2]

Core Insights - The 12th National Mass Ice and Snow Season will be held in Changchun on December 26, highlighting the growing focus on the ice and snow economy in China [1] - China's ice and snow economy is transitioning from a policy-driven phase to a market demand-led phase, with a projected total scale of 1.2 trillion yuan by 2027 [1] Industry Development - The ice and snow economy has rapidly developed, creating a collaborative ecosystem from equipment manufacturing to cultural tourism [2] - The State Council's 2024 policy aims to enhance ice and snow sports facilities and services, increasing international competitiveness [1][2] Company Initiatives - Xue Ren Group is a leading manufacturer in the ice and snow industry, providing critical infrastructure for events like the Beijing Winter Olympics [2] - Changbai Mountain Tourism Co. has established a comprehensive management system for mountain scenic areas and snowfield operations, enhancing visitor experiences [2] Seasonal Challenges - The industry faces seasonal dependency issues, prompting companies to innovate and diversify offerings to maintain year-round engagement [4] - Qingdao Inbody Health Technology has developed snow simulation machines and ice facilities to create immersive experiences regardless of season [4] Innovation and Transformation - Companies are leveraging technological and service innovations to shift the ice and snow economy from seasonal to year-round activities, unlocking consumer potential [5]

Group 1 - The core point of the article is that Xiyu Tourism (300859) reported a total of 28,875 shareholders as of November 10 [1]

Core Viewpoint - The company emphasizes its commitment to enhancing the travel experience for visitors through refined management of scenic spots, aiming to provide a comfortable, convenient, and safe journey [2] Group 1 - The company will adhere to a service-oriented development philosophy that interprets value [2] - The company aims to deepen the refined management of scenic areas [2] - The company encourages visitors to refer to its public account for specific product information [2]

Core Viewpoint - The tourism and scenic area sector experienced a decline of 0.28% on November 12, with Lingnan Holdings leading the drop. The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1]. Group 1: Market Performance - The tourism and scenic area sector saw a mixed performance among individual stocks, with notable gainers including Xiangyuan Cultural Tourism, which rose by 3.58% to close at 7.81, and Caesar Travel, which increased by 2.44% to 7.56 [1]. - Lingnan Holdings led the decline with a drop of 3.05%, closing at 12.39 [2]. - The overall trading volume for the tourism and scenic area sector was significant, with Caesar Travel recording a trading volume of 210.98 million shares and a transaction value of 1.612 billion [1]. Group 2: Capital Flow - The sector experienced a net outflow of 52.65 million from institutional investors and 71.76 million from speculative funds, while retail investors saw a net inflow of 124 million [2]. - Key stocks such as Caesar Travel and Xiangyuan Cultural Tourism had varying capital flows, with Caesar Travel seeing a net inflow of 81.60 million from institutional investors, while Xiangyuan Cultural Tourism had a net outflow of 7.78 million from speculative funds [3]. - The overall sentiment in the sector indicates a cautious approach from institutional and speculative investors, contrasted by a more favorable reception from retail investors [2][3].

Core Insights - Xiyu Tourism's stock price decreased by 2.02% on November 12, trading at 38.39 CNY per share with a total market capitalization of 5.95 billion CNY [1] - The company has experienced a year-to-date stock price increase of 10.06%, but has seen declines of 5.26% over the last five trading days, 4.98% over the last 20 days, and 10.09% over the last 60 days [1] - For the period from January to September 2025, Xiyu Tourism reported a revenue of 286 million CNY, reflecting a year-on-year growth of 6.20%, while net profit attributable to shareholders decreased by 14.51% to 98.58 million CNY [2] Financial Performance - The company has cumulatively distributed 108 million CNY in dividends since its A-share listing, with 93 million CNY distributed over the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include notable entities such as the Fortune China Securities Tourism Theme ETF, which increased its holdings by 64.51 million shares [3] Business Overview - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, focuses on tourism resource development and operations, including services such as tourist transportation, cable car sightseeing, boat tours, hot spring hotels, and travel agencies [2] - The company's revenue composition is primarily from tourist transportation (64.81%), followed by cable car transportation (13.16%), boat tours (11.36%), and other services [2]

Core Points - Xiyu Tourism (300859.SZ) announced a share reduction by Kunlun Investment, which has reduced its holdings by 1,370,020 shares, representing 0.88% of the company's total share capital [1] Group 1 - Kunlun Investment issued a notice regarding the reduction of shares, indicating that the reduction touched the 5% integer multiple threshold [1] - The share reduction occurred on November 10, 2025, through centralized bidding transactions [1]

Core Viewpoint - Xinjiang Kunlun Investment Development Partnership (Limited Partnership) has reduced its shareholding in Xiyu Tourism through centralized bidding, indicating a potential shift in investment strategy [1] Summary by Relevant Sections - **Shareholding Changes** - The number of shares held by Xinjiang Kunlun Investment has decreased from 9,120,020 shares to 7,750,000 shares, representing a reduction in ownership from 5.88% to 5.00% [1] - **Future Actions** - The information disclosing party does not rule out the possibility of further reductions in shareholding within the next 12 months and will comply with relevant legal and regulatory disclosure obligations [1]