Group 1 - Hunan Huayang Lianzhong Cultural Tourism Operation Management Co., Ltd. has been established with a registered capital of 402 million RMB [1] - The legal representative of the company is Yi Bing [1] - The company's business scope includes scenic area management, engineering management services, professional design services, and AI industry application system integration services [1] Group 2 - The company is jointly held by Huayang Lianzhong Digital Technology Co., Ltd. and Hunan Xiangjiang New Area Development Group Co., Ltd. [1]

Core Viewpoint - Tianjin Green Landscape Ecological Construction Co., Ltd. has shown significant growth in both financial and business performance in the first half of 2025, driven by strategic initiatives in ecological restoration, green space maintenance, cultural tourism operations, and forestry economy [2][3]. Financial Performance - The company achieved approximately 225 million yuan in revenue, representing a year-on-year increase of 30.87% [2] - Net profit attributable to shareholders reached 58.88 million yuan, up 42.91% year-on-year [2] - Gross margin improved to 48.43%, an increase of 12.42% compared to the previous year [2] - The asset-liability ratio stood at 38.3%, a decrease of 1.82%, indicating a stable financial condition [2] Business Development - The company is transitioning towards an operation and maintenance-oriented enterprise, focusing on four major sectors: ecological restoration, green space maintenance, cultural tourism operations, and forestry economy [2] - In ecological restoration, the company capitalized on the national "Three North" project, executing multiple projects in Inner Mongolia [2] - The green space maintenance segment has taken on over 60 million square meters of projects, with maintenance revenue increasing by 20% year-on-year [2] - The cultural tourism segment has launched the "Mamma Beast·Dream Mountain Sea" project, which has become a popular destination [2] - The company is involved in a 1 billion yuan investment in the Sanqing Mountain cultural tourism project, enhancing operational and cultural integration capabilities [2] Strategic Planning - The company plans to deepen its presence in Inner Mongolia and leverage technology to enhance its operations [3] - The Sanqing Mountain project will utilize a "infrastructure investment + industrial investment" model, promoting a closed-loop management system [3] - The cultural tourism sector is currently in a nurturing phase, with expectations for significant growth in three years [3] - The ecological restoration sector aims to expand its market share by aligning with national strategies, while the green space maintenance sector is advancing mechanization and smart upgrades [3] - Major projects like the Tibet Yaxia Hydropower Station and the New Tibet Railway are expected to drive demand for ecological restoration services [3]

Group 1: Report Overview - The report is about the research on Lvyin Ecology in the environmental protection industry on May 15, 2025 [1][2][17] Group 2: Core Views - The company considers mergers and acquisitions as a way to grow and will actively seek high - quality opportunities [24][27] - In 2024, the company achieved an operating income of 400 million yuan, a net profit attributable to the parent company of about 100 million yuan, and a net profit margin of 25.27%, maintaining a good profit level [24] - The company's future profit growth is driven by national policy support and a complete industrial chain layout [30] - The ecological restoration and cultural tourism industries have broad development prospects due to national policy support [32] Group 3: Summary by Directory 01. Research Basic Situation - The research object is Lvyin Ecology, belonging to the environmental protection industry. The reception time is 2025 - 05 - 15. The reception staff includes the chairman, president, financial manager, board secretary, and independent director [17] 02. Detailed Research Institutions - The reception objects include investors and others [20] 03. Research Institution Proportion - No specific content provided 04. Main Content Data - **Mergers and acquisitions**: The company will actively seek high - quality M&A opportunities in line with its strategic development direction and will disclose information in a timely manner if there are relevant plans [24][27] - **Financial performance**: In 2024, the company's operating income was 400 million yuan, and the net profit attributable to the parent company was about 100 million yuan with a net profit margin of 25.27%. The growth of non - recurring profit was mainly due to the increase in ecological environment restoration and green space maintenance business income and cost control [24][34] - **Cultural tourism business**: The second theme park of the company's self - owned brand "MoMo Beast" in Tianjin has been put into operation. The company will replicate its self - owned brand projects and cooperate with external partners to expand ecological and cultural industry projects nationwide [25] - **Market value management**: The company will focus on enhancing intrinsic value through optimizing operating performance, deepening investor communication, and standardizing corporate governance [27] - **Profit growth drivers**: National policy support and a complete industrial chain layout are the main drivers [30] - **Business coverage**: The company's subsidiary combines urban green space maintenance with cultural tourism operations and has successfully operated the "MoMo Beast Forest Snow World" project [30] - **Industry prospects**: The ecological restoration and cultural tourism industries have broad prospects due to national policy support [32] - **Industry environment impact**: The company faces market opportunities in the ecological restoration industry and has enhanced its competitiveness through technological development. The cultural tourism business is also growing rapidly [33] - **Industry performance**: Most enterprises in the industry have seen a decline in revenue and profit in recent years, but the industry will face good market opportunities in the future [37] - **Refinancing**: The company will disclose information in a timely manner if there are relevant financing matters [38]