Core Viewpoint - Shaanxi Tourism Culture Industry Co., Ltd. has applied for IPO registration on the Shanghai Stock Exchange, aiming to raise 1.555 billion yuan, with CICC as the sponsor [1] Group 1: Company Overview - Established in April 2011, Shaanxi Tourism focuses on tourism performance, cable cars, and dining, becoming a leading enterprise in the "scenic area + cultural tourism" sector [1][2] - The company leverages rich tourism resources and years of operational experience to provide high-quality tourism products and services [1][2] Group 2: Business Segments - In tourism performance, the company has created notable works such as the large-scale historical dance drama "Chang Hen Ge" and the red-themed performance "Tai Shan Feng Huo" [2] - The cable car business includes the operation of the Xifeng Cableway and the Shaohua Mountain cableway, utilizing advanced construction technology and operational capabilities [2] - The dining segment features the Tang Le Palace, known for its "Tang-style song and dance + royal banquet" model, serving as a cultural promotion window for Shaanxi [2] Group 3: Financial Performance - From 2017 to 2024, the company has achieved an average annual compound growth rate of nearly 15% in revenue and over 20% in net profit [3] - Financial data shows a growth trend in revenue and net profit, with revenues of 2.32 billion yuan, 10.88 billion yuan, 12.63 billion yuan, and 5.17 billion yuan, and net profits of -1.02 billion yuan, 5.30 billion yuan, 6.22 billion yuan, and 2.47 billion yuan during the reporting period [4] Group 4: Fundraising and Investment Plans - The IPO proceeds will be allocated to several projects, including the second phase of the Tai Shan Show City, the South Line Cableway project at Shaohua Mountain, and acquisitions of tourism-related companies [4] - The total investment for these projects is approximately 1.857 billion yuan, with 1.555 billion yuan planned to be raised through the IPO [4] Group 5: Financial Metrics - As of June 30, 2025, total assets reached 2.144 billion yuan, with equity attributable to shareholders at 1.194 billion yuan [5] - The company reported a net profit of 247.07 million yuan for the first half of 2025, with a basic earnings per share of 3.52 yuan [5]