Core Viewpoint - CITIC Securities reports that China Travel Service (00308) has proposed a distribution plan to divest its continuously loss-making tourism real estate business, allowing the company to focus on its core profitable operations [1] Group 1: Financial Impact - The proposed plan is expected to improve the company's performance, enhance profitability, and reduce debt levels [1] - Significant improvements in financial statements are anticipated starting from 2026 [1] Group 2: Operational Efficiency - The operational model will become more streamlined and optimized, leading to a more focused development strategy [1] - The optimization of resource allocation is expected to unlock growth potential in the tourism scenic area business [1] Group 3: Investment Outlook - The event is considered to have significant long-term implications for the listed company, suggesting that investors should actively monitor the company's investment value [1]

Core Viewpoint - The company aims to focus on its core business and optimize its business structure and resource allocation to accelerate high-quality development and alleviate future R&D investment pressure by selling part of its inefficient positioning technology ownership to Henan Chip Harbor Semiconductor Co., Ltd. for RMB 28.61 million [1] Group 1 - The company is selling part of its inefficient positioning technology ownership [1] - The sale amount is RMB 28.61 million [1] - The transaction is intended to enhance R&D funding efficiency [1]