Core Viewpoint - The tourism market's recovery has significantly boosted the performance of Three Gorges Tourism, with a focus on its core tourism business after divesting from automotive and supply chain operations [1][2][3] Financial Performance - In Q1, Three Gorges Tourism reported total revenue of 141 million yuan, a year-on-year increase of 7.56%, and a net profit attributable to shareholders of 16.6488 million yuan, up 75.73% [1][3] - The company's gross margin improved to 23.89%, an increase of 3.64 percentage points year-on-year, and net cash inflow from operating activities reached 16.2019 million yuan, a significant increase from the previous year [3] - For 2024, the company anticipates a revenue of 741 million yuan, a decrease of 53.7% year-on-year, but a net profit of 118 million yuan, down 9.3% [3] Strategic Focus - Three Gorges Tourism aims to become a leader in the Yangtze River Three Gorges tourism and a pioneer in China's inland cruise tourism, having restructured to focus solely on tourism [1][2] - The company is enhancing its tourism offerings by integrating resources from the "Two Dams and One Gorge" route, which includes major attractions like the Three Gorges Dam and Gezhouba Dam [2] Future Developments - The company plans to launch its first two self-built inter-provincial cruise ships in June and December 2026, operating routes from Yichang to Chongqing [4][5] - A second batch of two inter-provincial cruise ships is expected to be operational by June 2028, with projected annual revenue of 395 million yuan and net profit of 100 million yuan upon reaching full capacity [5] - Future routes may include connections from Chongqing to Wuhan, Nanjing, and Shanghai, expanding the cruise product matrix [5]