简称"广之旅"）积极开拓新市场，组织策划新航线首航、新 旅游目的地首团及新主题产品首团，形成首发经济效应激活出 游需求；国内游业务方面，促进"组团"与"地接"业务共同 发展，"组团"强化产品创新，打造"体育+"、旅居、漫游 房车、绿色低碳等主题系列产品，产品迭代率达到 43%，"地 接"业务发掘全国目的地市场潜力，湖北、四川、陕西、山西、 海南等市场的营收均实现增长；入境游方面，充分整合大湾区 优质资源，成功拓展欧洲入境粤港澳大湾区系列团业务，开拓 欧洲入境市场，同时成功申报广州市首个口岸团队签证，成为 广州市唯一一家为国际中转旅客提供一日游的旅行社。 证券代码：000524 证券简称：岭南控股 广州岭南集团控股股份有限公司投资者关系活动记录表 编号：2025-004 | | √特定对象调研□分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访□业绩说明会 | | 类别 | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 活动参与人员 | 上市公司接待人员：董事会秘书石婷、证券事务代表吴旻 | | | 参与单位名称及人员：广州玄甲 ...

Investment Rating - The report assigns a "Buy" rating to the company with a current price of 10.42 CNY and a reasonable value of 11.04 CNY, maintaining the same rating as the previous report [3]. Core Views - The company has shown significant growth in Q1 2025, with a revenue increase of 55.22% year-on-year and a net profit increase of 158.67% year-on-year, attributed to acquisitions and government subsidies [7][8]. - The company is expanding its tourism assets across various regions, enhancing its competitive edge through synergies among its diverse business segments [8][9]. - The report forecasts substantial revenue growth for the company, projecting revenues of 13.85 billion CNY, 15.89 billion CNY, and 17.62 billion CNY for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 60.3%, 14.7%, and 10.9% [11][12]. Financial Forecasts - The company is expected to achieve the following financial metrics: - Revenue (in million CNY): 722 (2023), 864 (2024), 1385 (2025), 1589 (2026), 1762 (2027) [2][12]. - Net Profit (in million CNY): 151 (2023), 147 (2024), 364 (2025), 403 (2026), 426 (2027) [2][12]. - EBITDA (in million CNY): 278 (2023), 348 (2024), 626 (2025), 695 (2026), 762 (2027) [2][12]. - EPS (CNY/share): 0.14 (2023), 0.14 (2024), 0.35 (2025), 0.38 (2026), 0.40 (2027) [2][12]. Business Segments - The tourism business is expected to grow significantly, with projected revenues of 9.53 billion CNY, 10.48 billion CNY, and 11.22 billion CNY for 2025, 2026, and 2027, respectively, driven by industry recovery and acquisitions [8][9]. - The tourism service segment is anticipated to generate revenues of 1.83 billion CNY, 2.74 billion CNY, and 3.56 billion CNY for the same years, with substantial growth rates [9][11]. - The cultural business, primarily focused on animation and related services, is projected to see a decline in revenue, with estimates of 0.55 billion CNY, 0.49 billion CNY, and 0.47 billion CNY for 2025, 2026, and 2027, respectively [10][11]. Valuation - The report suggests a valuation based on a 32x PE ratio for 2025, leading to a reasonable value of 11.04 CNY per share, supporting the "Buy" rating [11][12].

金十数据4月11日讯，近日，由中央政府驻澳门联络办公室经济部部长刘德成、澳门旅游局局长文绮华 带队，澳门"旅游+"融合发展专题培训班一行莅临大丰考察调研。双方围绕"旅游+科技""旅游+文化"等 创新模式，探索文旅融合高质量发展的新路径展开深入交流。 澳门"旅游+"融合发展专题培训班赴大丰调研 ...