Core Viewpoint - Zhujiang Piano has successfully won the operating rights for the Bai Shui Xian Waterfall Scenic Area, marking a significant step in its strategic transformation from a traditional musical instrument manufacturer to a cultural consumption service provider [1][2]. Group 1: Project Details - The project involves an annual resource usage fee starting at 8.43 million yuan and a commitment to invest no less than 400 million yuan over the next 20 years for the development and operation of the scenic area [1][2]. - The project aims to create a three-in-one spatial layout that includes Bai Shui Xian Waterfall, Shima Long Music Town, and Pai Tan Sports Park, leveraging the ecological foundation of the "largest waterfall drop in mainland China" [2]. Group 2: Future Plans and Goals - Plans include upgrading scenic facilities with an investment of at least 400 million yuan, enhancing daytime scenic experiences and creating a mystical atmosphere at night through technology [2]. - The goal is to increase annual visitor numbers from 500,000 to 1.5 million, establishing the area as a destination for mountain and water tourism in South China [2]. Group 3: Integration with Regional Development - The project aligns with Guangdong Province's "Hundred Million Thousand Project," utilizing an integrated model of cultural tourism investment, construction, and operation [2]. - Initiatives such as hosting cultural tourism festivals and issuing digital tourism cards aim to integrate local hotels, homestays, and agricultural products, promoting rural industrial upgrades and urban-rural integration [2].

Core Viewpoint - Zhujiang Piano (002678.SZ) has won the operating rights for the Bai Shui Xian Waterfall Scenic Area, marking a significant step into the "art + cultural tourism" sector and providing a new economic growth point for the company [2][3]. Group 1: Project Details - The project involves an annual resource usage fee starting at 8.43 million RMB, with a total investment of no less than 400 million RMB over a 20-year contract period [2]. - The subsidiary responsible for this project, Guangzhou Bai Shuizhai Scenic Area Operation Management Co., is under Zhujiang Wen Zhi Lv, which was established to promote the company's cultural tourism business [2]. Group 2: Future Plans - The company aims to enhance the Bai Shui Xian Scenic Area by increasing annual visitor numbers from approximately 500,000 to 1.5 million, positioning it as a key destination in South China for wellness tourism [3]. - Future developments will include creating a larger space that integrates Bai Shui Xian Scenic Area, Shima Long Music Town, and Pai Tan Sports Park, focusing on various thematic experiences [3]. Group 3: Strategic Alignment - This project aligns with the company's long-term development goals and strategic layout, providing new opportunities for expanding into the cultural tourism sector and enhancing its business chain [3].

Core Viewpoint - The company, Zhujiang Piano, has won the operating rights for the Bai Shui Xian Waterfall Scenic Area, marking a significant step into the "art + cultural tourism" sector and aiming to enhance its economic growth through this new venture [1][2]. Group 1: Project Details - Zhujiang Piano's subsidiary, Guangzhou Bai Shuizhai Scenic Area Operation Management Co., Ltd., won the bid for the Bai Shui Xian Waterfall Scenic Area, with an annual resource usage fee starting at 8.43 million RMB and a total investment of no less than 400 million RMB over a 20-year contract [1]. - The company plans to invest 200 million RMB to establish Guangzhou Zhujiang Wen Zhi Lv Investment Co., Ltd. in April 2025, focusing on cultural tourism to drive industrial development [1]. Group 2: Future Plans and Goals - The Bai Shui Xian Waterfall Scenic Area is located in Guangzhou's Zengcheng District and is known for being the largest waterfall in mainland China, attracting approximately 500,000 visitors annually [2]. - The company aims to increase annual visitor numbers to 1.5 million by creating a new spatial layout that includes the Bai Shui Xian Scenic Area, Shima Long Music Town, and Paitan Sports Park, focusing on wellness and leisure experiences [2]. - This project aligns with the company's long-term development goals and strategic layout, providing a new economic growth point in the cultural tourism sector [2].