N陕旅今日上市，开盘价131.15元，上涨63.04%。 近期上市新股首日表现 | 代码 | 简称 | 上市日期 | 发行价 | 发行市盈率 | 首日开盘涨跌幅 | 所属行业 | | --- | --- | --- | --- | --- | --- | --- | | | | | （元） | （倍） | （%） | | | 603402 | N陕旅 | 2026.01.06 | 80.44 | 12.37 | 63.04 | 社会服务 | | 920045 | 蘅东光 | 2025.12.31 | 31.59 | 14.99 | 1007.95 | 通信 | | 301687 | C新广益 | 2025.12.31 | 21.93 | 28.59 | 196.40 | 基础化工 | | 688809 | C强一 | 2025.12.30 | 85.09 | 48.55 | 212.14 | 电子 | | 001369 | C双欣 | 2025.12.30 | 6.85 | 16.19 | 186.13 | 基础化工 | | 001396 | C誉帆 | 2025.12.30 | 22.29 | 19.77 ...

股票简称：陕西旅游 股票代码：603402 Shaanxi Tourism Culture Industry Holding Co.,Ltd. （陕西省西安市长安区航天基地航创路 1 号陕旅豪布斯卡 16 楼 A 区） 首次公开发行股票主板上市公告书 保荐人（主承销商） 北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层 二〇二六年一月五日 陕西旅游文化产业股份有限公司 陕西旅游文化产业股份有限公司 上市公告书 特别提示 陕西旅游文化产业股份有限公司（以下简称"陕西旅游"、"本公司"、"发行人" 或"公司"）股票将于 2026 年 1 月 6 日在上海证券交易所主板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市 初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 2 陕西旅游文化产业股份有限公司 上市公告书 第一节 重要声明与提示 一、重要声明 本公司及全体董事、高级管理人员保证上市公告书所披露信息的真实、准确、完整， 承诺上市公告书不存在虚假记载、误导性陈述或者重大遗漏，并依法承担法律责任。 本公司提醒广大投资者注意首次公开发行股票（以下简称"新股"）上 ...

Core Viewpoint - Shaanxi Tourism Cultural Industry Co., Ltd. is conducting its initial public offering (IPO) and aims to enhance its governance and operational efficiency while providing high-quality tourism products and services to investors and stakeholders [7][8]. Company Overview - The company focuses on the cultural tourism industry, engaging in tourism performances, cable cars, dining, and project investment and management, leveraging resources from sites like Huaqing Palace and Mount Huashan [7][12]. - The flagship product, the large-scale historical performance "The Song of Everlasting Regret," is recognized as a top tourism brand in Shaanxi and has won multiple national awards [7][8]. - The company operates the West Peak Cableway at Mount Huashan, which utilizes advanced technology and meets international safety standards [7][8]. Financial Performance - The company's main business revenue for the reporting period was as follows: 228.09 million yuan, 1.0805 billion yuan, 1.2542 billion yuan, and 512.77 million yuan [19]. - The gross profit margin for the same periods was -5.32%, 69.49%, 71.10%, and 69.61%, indicating significant fluctuations influenced by revenue changes [20]. - The net profit attributable to the parent company was -72.07 million yuan, 427.45 million yuan, 511.73 million yuan, and 204.39 million yuan, reflecting a trend consistent with revenue changes [21]. Business Development and Strategy - The company plans to capitalize on the rapid growth of the tourism industry in China, focusing on enhancing service quality and expanding its market presence both domestically and nationally [22]. - Future measures include improving service quality, strengthening marketing, and innovating products to enhance competitiveness [23]. - The company has identified several competitive advantages, including geographical location, cultural significance, and established sales channels [24][27]. Industry Context - The tourism industry in China is experiencing robust growth, with domestic tourism reaching 3.285 billion visits and generating 3.15 trillion yuan in revenue in the first half of 2025, marking a 20.6% and 15.2% increase year-on-year, respectively [29]. - Shaanxi Province aims to develop a trillion-yuan cultural tourism industry by 2025, with significant investments in infrastructure and marketing to enhance its status as a premier tourist destination [30][31]. - The overall outlook for the tourism industry remains positive, driven by rising incomes, improved infrastructure, and favorable government policies [32][34]. IPO Details - The company plans to issue up to 19.33 million shares, representing no less than 25% of the total share capital post-issue [35]. - The raised funds will be allocated to various projects, including the construction of cable car services and acquisitions to enhance operational capacity and service quality [36][37].

Core Viewpoint - The China Securities Regulatory Commission has approved the initial public offering (IPO) application of Shaanxi Tourism Culture Industry Co., Ltd., which plans to raise 1.555 billion yuan through the issuance of no more than 19.333 million shares on the Shanghai Stock Exchange [1]. Fundraising Allocation - The funds raised will be allocated to several projects, including: - Shaanxi Shaohua Mountain National Forest Park cableway expansion project with a total investment of 300 million yuan, utilizing 139.0588 million yuan from the raised funds [2]. - Taihua Cableway Comprehensive Service Center project with a total investment of 81.8344 million yuan, utilizing 45.6128 million yuan from the raised funds [2]. - Acquisition of Shaanxi Taihua Tourism Cableway Co., Ltd. equity project with a total investment of 370.0341 million yuan, fully funded by the raised capital [2]. - Other acquisition projects totaling 185.77062 million yuan, with 155.51279 million yuan funded by the raised capital [2]. Business Overview - Shaanxi Tourism primarily operates in tourism performance, cableway services, and tourism dining, establishing itself as a leading destination enterprise with a focus on "scenic spots + cultural tourism" [3]. - The company has developed notable tourism performances such as the large-scale historical dance drama "Chang Hen Ge" and operates cableway projects in the Huashan scenic area [3]. - The company is controlled by Shaanxi Tourism Group, which holds 47.59% of the shares directly and is a wholly-owned subsidiary of the Shaanxi Provincial State-owned Assets Supervision and Administration Commission [3]. Financial Performance - The company's revenue is projected to grow from 232 million yuan in 2022 to 1.263 billion yuan in 2024, with a turnaround from a net loss of 76.059 million yuan in 2022 to a profit exceeding 500 million yuan in 2024 [3]. - The core revenue sources are the performances of "Chang Hen Ge" and the Huashan West Peak cableway, while the tourism dining segment continues to face challenges [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]