其中，旅游演艺方面，陕西旅游打造了中国首部大型实景历史舞剧《长恨歌》、大型红色实景演艺《泰山烽 火》等旅游演艺作品；在旅游索道业务方面，公司于华山景区建设和运营了西峰索道及华威滑道等项目；在 旅游餐饮业务方面，其下属剧院式餐厅唐乐宫有以"仿唐歌舞+宫廷晚宴"为特色经营模式的项目。 【大河财立方消息】11月21日，证监会发布批复，同意陕西旅游文化产业股份有限公司（简称陕西旅游）首 次公开发行股票的注册申请。 据悉，陕西旅游拟在上交所主板上市。此次拟公开发行股票的数量不超过1933.33万股，占发行后总股本的比 例不低于25%；本次发行全部为新股发行，不涉及公司原有股东公开发售股份。 拟募集资金15.55亿元，分别用于泰山秀城（二期）建设项目、陕西少华山国家森林公园索道增容、收购陕西 太华旅游索道公路有限公司股权项目等。 | 序号 | 募集资金投向 | 总投资 | 利用募集资金投资额 | | --- | --- | --- | --- | | 2 | 陕西少华山国家森林公园索道增容(南线索道)项目 | 30.000.00 | 13.905.88 | | | (以下简称"少华山南线索道项目") | | | | 3 ...

Core Viewpoint - Shaanxi Tourism Cultural Industry Co., Ltd. is set to go public on the Shanghai Stock Exchange after passing the listing review, marking it as the first cultural tourism enterprise to be approved under the new policy since May 2025 [1][3]. Group 1: Listing Process - The company's IPO application was accepted on May 30, 2025, and it underwent two rounds of inquiries, taking only five months from acceptance to the review meeting [3][4]. - This approval makes Shaanxi Tourism the first cultural tourism IPO to pass in the A-share market in the past five years [3][4]. Group 2: Financial Performance - The company reported revenues of CNY 1.088 billion, CNY 1.263 billion, and CNY 516 million for the years 2023, 2024, and the first half of 2025, respectively, with net profits of CNY 427 million, CNY 512 million, and CNY 204 million [4]. - From 2017 to 2024, the average annual compound growth rate of the company's main business revenue was nearly 15%, while net profit grew at over 20% [5]. Group 3: Business Operations - Shaanxi Tourism focuses on tourism performances, cableway operations, and dining, leveraging resources from attractions like Huaqing Palace and Huashan Mountain [4][8]. - The company has developed notable tourism performances, including the large-scale historical dance drama "Chang Hen Ge" and other significant cultural productions [7]. Group 4: Fundraising and Investment Plans - The company aims to raise CNY 1.555 billion through the IPO to fund projects such as the acquisition of cableway assets and the expansion of performance projects [12][14]. - The planned investments are expected to enhance the company's profitability and market competitiveness, with all targeted projects already showing profitability in 2024 [14][17].

Core Viewpoint - Shaanxi Tourism Culture Industry Co., Ltd. has finally received acceptance for its IPO plan on the Shanghai Stock Exchange after eight years on the New Third Board, indicating a significant step towards public listing and capital raising in the recovering tourism sector [2]. Company Overview - Shaanxi Tourism is primarily controlled by Shaanxi State-owned Assets Supervision and Administration Commission, with its main business encompassing tourism performances, cable cars, dining, and project investment and management [2]. - The company's core assets include the performance "The Song of Everlasting Regret" and the cable car at Huashan Mountain [2]. Financial Performance - The company is projected to achieve revenues of CNY 1.071 billion (approximately USD 150 million) and CNY 1.245 billion (approximately USD 175 million) for the years 2023 and 2024, respectively [2]. - Net profits attributable to the parent company are expected to be CNY 418 million (approximately USD 59 million) and CNY 503 million (approximately USD 71 million) for the same years, reflecting a positive trend in performance due to the recovery of the tourism industry [2]. Revenue Breakdown - The main revenue contributors are the performance "The Song of Everlasting Regret" and the Huashan cable car, expected to generate CNY 681 million (approximately USD 96 million) and CNY 390 million (approximately USD 55 million) in 2024, accounting for 55.07% and 31.56% of total revenue, respectively [3]. - Both segments exhibit high gross margins of 84.06% and 66.73%, making them significant profit drivers for the company [3]. IPO Fundraising and Investment Projects - The company aims to raise CNY 1.555 billion (approximately USD 220 million) through the IPO, with plans to invest in seven projects, primarily focused on cable car acquisitions and related infrastructure [3][5]. - Key projects include the acquisition of equity in Taihua Cableway, Yaoguang Pavilion, and Shaohua Mountain Cableway, along with the construction of various service centers and tourist facilities [4][5]. - Notably, five out of the seven fundraising projects are related to cable car construction, with a total planned investment of CNY 876 million (approximately USD 124 million) [5]. Strategic Focus - The company is prioritizing cable car operations due to their quicker revenue generation potential compared to traditional performance-based businesses [5]. - The Taihua Cableway project is expected to have a single-direction capacity of 1,500 passengers per hour, with peak capacity reaching 3,000 passengers per hour, indicating strong operational potential [5].

Group 1 - The core viewpoint of the news is that Shaanxi Tourism Cultural Industry Co., Ltd. has initiated its IPO on the Shanghai Stock Exchange, aiming to raise 1.555 billion yuan [1] - The company integrates tourism performances, cable cars, and dining services, leveraging premium tourism resources such as Huaqing Palace and Mount Huashan to provide high-quality tourism products and experiences [4] - Shaanxi Tourism has developed notable tourism performances including the large-scale historical dance drama "Chang Hen Ge" and other significant cultural performances, establishing itself as a leader in the tourism destination sector [4] Group 2 - The tourism industry is expected to continue its growth trend, with significant increases in domestic travel and spending during holidays in 2025, indicating a strong recovery and consumer willingness to travel [5] - Shaanxi Province's tourism market has shown steady growth, with a notable increase in visitor numbers and revenue during the 2025 Spring Festival, highlighting the province's importance in the tourism performance and stage show market [5] - The company has shown stable growth in performance from 2017 to 2019, and after overcoming external challenges, it has reported increasing revenues and profits from 2022 to 2024, indicating a positive financial trajectory [6] Group 3 - The company plans to use the proceeds from the IPO to invest in several construction projects and acquisitions, including the second phase of Taishan Xiucheng and the acquisition of equity in Taihua and Yaoguangge [6] - The controlling shareholder of Shaanxi Tourism is Shaanxi Travel Group, which is fully owned by the Shaanxi Provincial State-owned Assets Supervision and Administration Commission, indicating strong government backing [6]

Core Viewpoint - Shaanxi Tourism Culture Industry Co., Ltd. has received approval for its IPO application on the Shanghai Stock Exchange, aiming to raise 1.555 billion RMB [1] Group 1: Business Overview - The company integrates tourism performances, cable cars, and dining services, leveraging premium tourism resources such as Huaqing Palace and Mount Huashan to provide high-quality tourism products and services [1] - Shaanxi Tourism has established itself as a leading destination enterprise with a core business of "scenic spots + cultural tourism" [1] - The company has produced notable tourism performances, including the large-scale historical dance drama "Chang Hen Ge" and the red-themed performance "Tie Dao You Ji Zhan" [1] Group 2: Financial Performance - In the fiscal years 2022, 2023, and 2024, the company reported revenues of approximately 224 million RMB, 1.071 billion RMB, and 1.245 billion RMB, respectively [2] - The net profits for the same years were approximately -105 million RMB, 520 million RMB, and 612 million RMB, indicating a significant turnaround in profitability [2] - Total assets increased from approximately 949.1 million RMB in 2022 to about 1.829 billion RMB in 2024, while equity attributable to shareholders rose from approximately 341.7 million RMB to about 1.046 billion RMB [3] Group 3: Market Environment - The tourism industry in China is experiencing rapid growth due to rising household incomes and increased government investment in tourism and cultural industries [3] - Competition among tourism destination enterprises is intensifying, driven by innovations in tourism and cultural products, as well as efforts to enhance visitor capacity and attract tourists [3]