股票近期走势：公司重整计划已执行完毕，深圳证券交易所核准撤销因法院裁定受理重整而实施的退市 风险警示。股票自2026年2月11日起停牌一天，并于2026年2月12日复牌，股票简称由"ST张股"变更 为"ST张家界"。但因2024年度审计报告被出具持续经营存在不确定性的无保留意见，且最近三年净利 润为负，公司股票继续被实施其他风险警示，日涨跌幅限制仍为5%。 业绩经营情况：公司于2026年1月15日发布2025年年度业绩预告，预计归属于上市公司股东的净利润亏 损4.5亿元至5.5亿元，同比减亏22.69%-5.51%，主要因大庸古城项目计提资产减值。 经济观察网 根据公开信息，ST张家界（000430）（证券代码：000430）近期有以下值得关注的事件： 近期事件：公司及子公司重整计划于2026年2月5日执行完毕，管理人和律师事务所出具了相关监督报告 及法律意见书。重整通过引入投资人（如电广传媒（000917）、芒果文旅等）优化了资本结构，缓解了 债务压力。 ...

四川甘孜州官方回应旅游景区终身门票一卡通游客三大疑问 甘孜州文化广播电视和旅游局提供的数据显示，截至2月12日17时，甘孜州旅游景区终身门票一卡通当 日线上销售双卡产品8803张，金额276.72万元。已累计销售双卡产品31.94万张，金额10149.80万元，仅 15天突破1亿元。 据了解，这款一卡通涵盖甘孜州14家4A级及以上核心景区的全域畅游卡，售价仅为景区单次游览总价 的三分之一，同时配套7天无理由退票机制，限量发行100万张。2026年3月1日起，购卡游客可凭本人身 份证，永久不限次进出包括海螺沟、稻城亚丁2家5A级景区在内的14家核心景区，目前所有景区已完成 闸机系统升级及压力测试，保障入园便捷性。 针对发售以来游客普遍关心的活动断档、政策延续性、二次消费涨价三大核心疑问，甘孜州同步给 出"闭环式"明确回应，打消游客顾虑。"我们不仅希望游客来甘孜看风景，更希望他们能'进入风景'，成 为风景的一部分。"甘孜州政协副主席、州文化广播电视和旅游局局长刘洪表示，这款经多轮研讨论证 推出的终身卡，承载着甘孜"还景于民"的初心，旨在让更多人轻松赴雪域之约。 康定木格措景区风光。(资料图) 郑雨晴 摄 中新网成 ...

Company and Industry Summary Company Overview - The company discussed is **三特索道 (SanTe Cableway)**, which is positioned in the tourism and leisure industry, focusing on cableway operations and related projects. The company has been significantly impacted by the debt crisis of its former controlling shareholder, **当代集团 (Contemporary Group)**, leading to a change in control to the **Wuhan East Lake New Technology Development Zone Management Committee** [1]. Key Points and Arguments - **Debt Crisis Impact**: The company has faced challenges due to the debt crisis of its former controlling shareholder, which is expected to be resolved by 2026, allowing for potential growth [1]. - **Shareholding Structure**: As of 2023, the new controlling entity and its concerted parties hold a total of **23.77%** of the shares, while the Contemporary Group holds **22.97%**. The buy-in price is noted at **16.28 CNY per share** [1]. - **Financial Recovery**: The company has been actively disposing of and revitalizing loss-making projects since the pandemic, resulting in a decrease in the debt-to-asset ratio from **61% in 2019** to **20% currently**. Net profit is projected to grow from **0.11 million CNY in 2019** to **1.42 million CNY in 2024** [2]. - **Project Performance**: Currently, the company operates **seven profitable projects** across **nine provinces**, generating a cumulative profit of **2.75 million CNY**. Key contributors include projects at **梵净山 (Fanjing Mountain)**, **华山 (Mount Hua)**, **猴岛 (Monkey Island)**, and **珠海 (Zhuhai)** [2]. - **Loss-Making Projects**: There are three main loss-making projects with a total loss of **5.249 million CNY**, which is expected to reduce to approximately **3 million CNY by 2025** [2]. - **Future Growth Potential**: New and renovated projects are anticipated to significantly enhance performance, with the **珠海 project** expected to increase profits by over **10 times** post-renovation. The **千岛湖牧心谷 (Thousand Island Lake Muxin Valley)** project is under construction and is expected to contribute over **40 million CNY** in performance by the first half of 2027 [2]. - **Valuation and Growth Outlook**: The company is currently valued at **20 times earnings for 2025**. With the resolution of equity issues and the full takeover by the State-owned Assets Supervision and Administration Commission (SASAC), the company is expected to see significant growth, with projected earnings of **1.8 million CNY in 2026** and **2.4 million CNY in 2027**. There is a positive outlook for a valuation increase to **25-30 times** by 2027, indicating potential for a doubling of value [2]. Additional Important Insights - The company is in a recovery phase, with a focus on improving its financial health and operational efficiency through strategic project management and revitalization efforts [2]. - The anticipated changes in shareholding and management structure are expected to provide a more stable foundation for future growth and investment opportunities [1][2].

Group 1 - Multiple scenic spots in Shaanxi are launching special activities for the Year of the Horse to celebrate the upcoming Spring Festival, offering various benefits to citizens and tourists [1][2] - Huaqing Palace is providing free admission for visitors born in the Year of the Horse and specific residents of Lintong District on New Year's Eve, along with discounted tickets for local residents during the festival [1] - The "Silk Road Chinese New Year" event at Silk Road Happy World features nine themed celebrations and major performances, running until March 3, with free tickets available for Horse zodiac visitors [1] Group 2 - From January 1 to December 31 (excluding public holidays), Taibai Mountain and Honghe Valley scenic areas are implementing a free admission policy for visitors born in the Year of the Horse, requiring valid identification [2] - Various cultural and tourism activities are planned across Shaanxi, including a themed sightseeing bus in Xi'an and interactive performances during the Spring Festival [2] - The provincial tourism department has issued guidelines to ensure safety and management of tourist attractions during the Spring Festival, including emergency response and monitoring mechanisms [2]

Group 1 - The core event, the Guangli Central Park New Year Carnival, was launched on February 10, featuring a large-scale immersive cultural tourism experience for citizens and tourists [4] - The main lantern exhibition includes nearly 40 groups of themed lanterns, showcasing vibrant designs and auspicious meanings across a 95,000 square meter area, with a 30-meter giant lantern as a highlight [4][5] - The lanterns were crafted by over 100 artisans from Zigong, Sichuan, taking more than 40 days to complete, allowing visitors to experience them up close [4] Group 2 - The exhibition features various themed lanterns, including the "Heavenly Horse Bestows Blessings" and "Instant Wealth," along with unique Guangxi cultural elements like "Children of the Zhuang" and "Liu Sanjie Singing Stage" [5] - The South Nanning Cultural Tourism Art Park is a comprehensive cultural tourism resort developed by the Guangxi Tourism Development Group, integrating night tours, cultural arts, and leisure activities [6] - During the Spring Festival, the park will host a series of traditional and modern creative activities, including performances and interactive experiences, enhancing the festive atmosphere for visitors [6]

Group 1 - A large number of tourists participated in a lantern lighting ceremony in Nanjing's South City Old Street [4][5] - Performers showcased dance and music, enhancing the festive atmosphere for visitors [6][10] - The event attracted significant attention, with many attendees enjoying the cultural performances [8][13] Group 2 - The decorations included festive lanterns hanging on branches near the Nanjing Ming City Wall, contributing to the celebratory environment [19]

Core Viewpoint - The Wawushan Scenic Area in Sichuan is experiencing a surge in winter tourism, attracting visitors from southern regions like Sichuan and Chongqing for snow and skiing experiences, with expectations of high visitor numbers during the upcoming Spring Festival [5][6]. Group 1: Visitor Experience - Tourists are eager to enjoy snow activities, with many arriving early to avoid crowds, as seen with a family from Leshan who arrived before the park opened [5]. - The snow tubing activity is particularly popular, with an average of nearly 500 tickets sold daily, and some visitors purchasing multiple tickets to maximize their experience [5]. - Visitors of all ages are participating, including a 72-year-old woman who expressed satisfaction with the scenic beauty of the area [6]. Group 2: Visitor Statistics and Projections - The Wawushan Scenic Area is receiving an average of 5,000 to 7,000 visitors daily since winter began, primarily from the Yunnan, Guizhou, Sichuan, and Chongqing regions [6]. - During the Spring Festival, it is anticipated that daily visitor numbers could exceed 10,000 [6]. Group 3: Marketing and Events - The scenic area plans to host special cultural activities from the second to the seventh day of the Lunar New Year, aiming to enhance the immersive snow experience [6]. - Additional events such as ice climbing challenges and food markets are being organized to diversify consumer experiences and stimulate spending [6].

Group 1 - The 57th Shenyang Huangsi Temple Fair has officially opened and will last until the Lantern Festival on the 15th day of the first lunar month [1] - The Old Beishi area has set up multiple themed markets during the Spring Festival to enhance the festive atmosphere, including the core "Fortune Year Goods Market" showcasing Northeast specialty products [2] - The "Shengjing Cultural and Creative Market" features local cultural products and attracts young visitors with its unique offerings [2] Group 2 - The night sky at Old Beishi will feature aerial performances, including the new "Flying Horse Technology Show" which combines ground and aerial elements for an immersive experience [3] - A mechanical golden leopard parade will be introduced, allowing visitors to interact and take photos, enhancing the festive engagement [4] - The "Impression of Old Beishi" exhibition will focus on nostalgic items and memories, creating a cultural space that resonates with visitors [5]

Group 1: Low-Carbon Tourism and Green Consumption - Jiangxi Zixi is transforming its ecological advantages into development momentum through low-carbon tourism, making green consumption a new trend in tourism [3][4] - The Dajue Mountain scenic area features a 13.14 km long cliff train system that operates at altitudes of 800 to 1100 meters, with a maximum daily capacity of 25,000 passengers, significantly reducing pollution and carbon emissions [4] - The "carbon currency" mechanism allows tourists to earn carbon credits through eco-friendly behaviors, which can be exchanged for discounts on tickets and other services, promoting a closed-loop of green behavior [5] - In 2025, Zixi received 10.6371 million tourists, a year-on-year increase of 8.96%, generating a total tourism revenue of 4.721 billion yuan, up 11.52% year-on-year [5] Group 2: Traditional Chinese Medicine and Health Consumption - Traditional Chinese medicine (TCM) is becoming more accessible and appealing to young consumers in Weifang, with various health markets and wellness products gaining popularity [6][7] - Weifang is leveraging its rich TCM resources to develop food and health products, including a wellness kitchen that offers a variety of herbal dishes and drinks, attracting younger demographics [7] - In 2023, Weifang launched several TCM health tourism routes, integrating health services into daily life and drawing significant participation from young people [7][8] Group 3: Smart Consumption and Digital Integration - Chengdu's Chunxi Road business district is integrating technology to create smart consumer experiences, including interactive robot activities and digital service platforms [9][10] - The "Cloud Chunxi" service platform enhances management and consumer engagement, providing real-time data on business operations and safety [11] - The "Code to Tour Jinjiang" mini-program facilitates international tourists' navigation and shopping experiences in the district, showcasing the integration of 5G and AR technologies for enhanced consumer interaction [11]

Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. has completed its restructuring plan, leading to the removal of the delisting risk warning by the Shenzhen Stock Exchange, while continuing to implement other risk warnings due to uncertainties in its ongoing operations [2][6]. Group 1: Stock Information - The company's stock will change its abbreviation from "*ST Zhanggu" to "ST Zhangjiajie," while the stock code remains 000430 [2][3]. - The stock will be suspended for one trading day starting February 11, 2026, and will resume trading on February 12, 2026 [2][3][4]. - The daily price fluctuation limit for the stock is set at 5% [4]. Group 2: Delisting Risk Warning Removal - The delisting risk warning was implemented on November 5, 2025, following a court ruling to accept the company's restructuring application [5]. - As of February 5, 2026, the restructuring plan has been executed, and relevant reports have been issued confirming its completion [5][6]. - The Shenzhen Stock Exchange approved the removal of the delisting risk warning, effective February 12, 2026 [7]. Group 3: Ongoing Risk Warnings - The company has reported negative net profits for the last three fiscal years: -259.77 million in 2022, -239.33 million in 2023, and -582.09 million in 2024 [7]. - The audit report for 2024 indicated significant uncertainties regarding the company's ability to continue as a going concern, leading to the continuation of other risk warnings [7].