Core Viewpoint - SanTe Cableway maintains steady development driven by dual core of "cableway main business + ecological cultural tourism," achieving record-high profitability indicators since its listing in 2024 [1] Financial Performance - In 2024, SanTe Cableway received a total of 8.6681 million visitors, generating revenue of 692 million yuan and a net profit of 142 million yuan, continuing to lead the national cableway industry [1] - The company achieved a year-on-year revenue growth of 11.34%, with net profit reaching 142 million yuan [1] Key Projects Performance - The iconic project, Fanjing Mountain Cableway, received 1.7666 million visitors in 2024, generating revenue of 237 million yuan and a net profit of 136 million yuan, despite increased downtime due to weather [2] - Huashan Cableway received 1.9894 million visitors, with revenue of 136 million yuan and net profit of 46.37 million yuan, leveraging cultural IP to enhance visitor interaction [2] - Zhuhai Jingshan Cableway and Slide saw accelerated growth in the second half of 2024, with 1.1322 million visitors, revenue of 63.92 million yuan, and a net profit increase of 25% [2] Innovation and Market Activation - Hainan Monkey Island project attracted 1.2425 million visitors, generating revenue of 106 million yuan and net profit of 36.2 million yuan, introducing the first immersive sky show in the country [3] - Traditional projects like Lushan Three Gorges and Qiandao Lake are optimizing operations to alleviate market pressure, with Lushan attracting 682,700 visitors [3] Strategic Initiatives - The company is focusing on "slimming down and strengthening" internal management while maintaining cost control, with operating costs increasing only by 2% year-on-year [4] - Management expenses decreased by 9.5%, and financial expenses dropped by nearly 12 million yuan, improving profitability quality [4] Future Outlook - SanTe Cableway aims to solidify its position as an "ecological theme park comprehensive operator" while actively expanding into new business areas, with the Qiandao Lake "Muxin Valley" project progressing rapidly [5] - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares, totaling approximately 44.43 million yuan, reflecting a significant increase in shareholder returns [5] - In 2025, the company will continue to focus on dual core drivers, enhancing brand operation and content innovation [5]