Core Viewpoint - Dalian Shengya Tourism Holdings Co., Ltd. reported a significant decline in net profit for the year 2024, transitioning from profit to loss due to project suspensions and litigation disputes [2][11]. Financial Performance - In 2024, Dalian Shengya achieved revenue of 505 million yuan, a year-on-year increase of 7.93%, but reported a net loss attributable to shareholders of 70 million yuan, a drastic decline of 304.16% [11]. - The company's net profit after deducting non-recurring items was 21 million yuan, down 64.08% year-on-year [11]. - In the first quarter of 2025, both revenue and net profit continued to decline, with a net loss of 8 million yuan, a year-on-year decrease of 738.54% [11]. Cost Structure - Sales expenses increased by 7.59% to 38.94 million yuan, management expenses rose by 40.86% to 105 million yuan, and financial expenses surged by 55.64% to 50.99 million yuan [11][12]. - The increase in sales expenses was attributed to higher advertising investments, while management expenses were impacted by legal fees and costs related to suspended projects [12]. Shareholder and Control Issues - The major shareholder, Xinghaiwan Investment, holds 30.95 million shares, representing 24.03% of Dalian Shengya, but has repeatedly stated it is not the controlling shareholder [4][7]. - The board member Wu Jian expressed concerns about the authenticity of the annual report, indicating that Xinghaiwan Investment is merely a major shareholder and not a controlling one [5][6]. - Since 2020, Xinghaiwan Investment has consistently claimed it does not have control over Dalian Shengya, despite being the largest shareholder [7][9]. Governance and Board Composition - As of now, only one representative from Xinghaiwan Investment remains on the board of Dalian Shengya, indicating a reduction in their influence [10]. - The company has faced inquiries from the stock exchange regarding the control structure and the validity of the board's composition [7][8].

Group 1 - The core event is the "Night Tour Experience" at the Mutianyu Great Wall, which runs from April 30 to May 4, featuring laser projection and interactive light technology to enhance the cultural tourism experience for both domestic and international visitors [1] - The event includes performances such as guzheng, dance, and music, creating a blend of ancient and modern melodies, along with a "Starry Cinema" where visitors can watch movies [1] - The night tour allows unlimited cable car rides, enabling visitors to enjoy the illuminated Great Wall from various angles, and hotel guests can participate in a stargazing educational class, combining cultural heritage with scientific education [1] Group 2 - The night tour activity helps to disperse daytime visitor traffic, increases the average stay duration of tourists, and boosts the occupancy rate of nearby accommodations [1] - The integration of "culture + technology + experience" is seen as a new driving force for cultural tourism consumption at the Great Wall [1] - The Mutianyu Great Wall plans to continue the night tour during the summer, offering even more diverse leisure experiences [1]

国泰海通发布研报称，五一假期实现国内旅游出游合计3.14亿人次，同比2024年+6.4%、同比2019年 +61.0%;入境游订单量同比激增130%，多元场景激发入境游活力。旅游市场表现彰显行业景气度，龙头 景区与平台化企业业绩兑现值得期待。该行继续推荐新技术驱动的消费变革机会，推荐AI+消费主线。 此外，继续推荐情绪与体验消费以及传统零售调改与新渠道。 国内文旅多点开花，出入境旅游活力爆发 携程数据显示，2025年"五一"，入境游订单量同比激增130%，多元场景激发入境游活力。同程旅行数 据表明，国内旅游热度或创历史新高，呈现"城市大休闲、乡村微度假"特点。出境游方面，越南河内等 周边国家城市热度高，出入境旅游市场迎新局面。据途牛搜狐号数据，境内游热度飙升，自驾游热度增 长尤为显著，出游人次同比增长近40%;出境游市场火爆，自由行和跟团游出游人次分别增长23%和 18%。 风险提示：需求复苏不及预期，天气不确定性。 国内景区表现亮眼，人次与营收齐齐增长 2025年"五一"假期，黄山风景区接待游客14.7万人次，同比增长13.7%;祥源文旅（600576）景区目的地 度假业务经营数据显示，公司接待游客62.3 ...

Core Viewpoint - The article highlights the successful development of rural tourism in Lujiang County, Anhui Province, showcasing various attractions and the growth of the homestay industry, which has significantly boosted local economic development [1][2]. Group 1: Tourism Development - Lujiang County has made significant strides in developing rural tourism, with various attractions such as the "Ten-Mile Long Chong" scenic area, hot spring resorts, and self-driving routes contributing to its appeal [1]. - The county has been recognized as a national key county for leisure agriculture, reflecting its commitment to enhancing the tourism sector [1]. Group 2: Homestay Industry - The county has established a model for homestay development characterized by government leadership, social participation, market operation, and community benefits, resulting in the creation of 48 boutique homestays and 55 family homestays [2]. - The investment of over 30 million yuan in transforming the first boutique homestay has led to a surge in demand, with bookings often requiring two weeks in advance [1][2]. Group 3: Economic Impact - In the previous year, Lujiang County received over 10 million tourists, generating nearly 10 billion yuan in tourism revenue, indicating a robust growth in the tourism sector [2]. - The county's tourism development plan includes the "54321" initiative, aiming to cultivate 50 boutique homestays and develop various themed attractions, further enhancing its tourism offerings [2].

作 者丨文静 编 辑丨 骆一帆 5月6日，家住重庆大足区、带着父母在"五一"小长假出游的夏女士错峰出行，刚抵达重庆最 火的景区——夏布小镇，一边啃着"荣昌卤鹅"鹅翅，一边逛街。 当天，抢在"五一"节前来渝游玩的北京游客"安凯阿姨"给2 1世纪经济报道记者发来了重庆南 滨路上的一处江底大型石雕视频，她在电话里说："涨水天就看不到了。我走过国内外那么多 地方，没想到大面积的长江石雕太震撼了！" 重庆长江石雕 安凯/摄 重庆的网红打卡地不再仅仅是主城区的洪崖洞、索道过江和轻轨穿楼。 重庆市文旅委官微公 布 ， 这 个 " 五 一 " ， 夏 布 小 镇 取 代 了 在 重 庆 长 期 霸 榜 的 洪 崖 洞 ， 它 的 国 内 游 客 量 同 比 猛 增 7 4 3%。 夏布小镇所在的重庆荣昌区"五一"期间游客人次接近该区常住人口的4倍！ 客流成绩单显示，重庆市文旅委重点监测的1 3 0家景区中，排名前五的景区中除了黑马夏布小 镇， 还有重庆动物园人气飙升，游客量同比增长近1 5 0%。 老牌景区洪崖洞民俗风貌区客流量退居第二，同比增速和重庆市国内游客增速基本持平，为 1 2%。 游客的胃口变了。重庆的网红打卡地虽 ...

Group 1: Company Growth and Strategy - The company aims to become the leader in tourism in the Yangtze River Three Gorges area and a pioneer in domestic river cruise tourism, leveraging the "One Area Drives" and "One Belt Links" strategies [2][3]. - The first two inter-provincial cruise ships are set to launch in June and December 2026, with a projected annual revenue of CNY 395 million and a net profit of CNY 100 million upon reaching full capacity [3][4]. Group 2: Financial Performance - During the "May Day" holiday in 2025, the company received 122,200 visitors, a 16.83% increase compared to 2024, achieving a new record for daily and overall visitor numbers [5][14]. - In 2024, the company reported a total revenue of CNY 741.32 million, a decrease of 53.68% year-on-year, while net profit fell by 9.29% to CNY 117.59 million. However, excluding the impact of divested businesses, revenue increased by 9.74% and profit rose by 37.94% [10][13]. Group 3: Market Expansion and Product Development - The company is constructing inter-provincial cruise ships to operate routes from Yichang to Chongqing, with future plans to consider additional routes based on market demand [3][4]. - The company has been actively expanding its product matrix, including plans for educational tourism and wellness cruises, having already served over 60,700 students in educational trips by 2024 [11][12]. Group 4: Shareholder and Asset Management - The company has completed the divestiture of non-core assets, such as automotive sales, to focus on its main business of cruise tourism [7][10]. - The indirect controlling shareholder, Hubei Three Gorges Cultural Tourism Holdings, acquired 100% of Hubei Three Gorges Cultural Tourism Co. through a non-compensatory transfer of state-owned equity, maintaining the company's direct controlling shareholder and actual controller [3][4]. Group 5: Safety and Compliance - The company has implemented comprehensive safety measures for its cruise operations, including regular inspections and emergency drills, to ensure passenger safety [11][12]. - The company is committed to adhering to regulatory requirements and enhancing operational management in response to safety incidents in the tourism sector [11][12].

Group 1: Company Performance - During the May 1-4, 2025 Golden Week, the company received approximately 10% more visitors year-on-year, with revenue increasing by about 13% [1] Group 2: Development Strategy - The company aims to establish Guilin as a world-class tourist city, focusing on "stock optimization, problem resolution, incremental enhancement, and capital empowerment" as the main line of its strategy [1] - The strategic framework includes one core (strengthening the main cultural tourism business), one optimization (optimizing asset structure), two wings (empowering with digital tourism technology and enhancing capital operations), and three expansions (increasing new project investments, expanding cultural tourism new formats, and promoting brand output) [1] Group 3: Key Initiatives for 2025 - The company plans to implement three major measures: "preserving stock, expanding increment, and shedding burdens" to drive high-quality development [2] - Preserving stock involves leveraging AI to enhance tourism experiences, such as the "AI Tour Guilin" platform and virtual tour guides [2] - Expanding increment includes exploring new tourism consumption models and developing the "Great Li River" central scenic area [2] - Shedding burdens focuses on optimizing and revitalizing underperforming assets through tailored strategies [2] Group 4: Low-altitude Project Progress - In January 2025, the company signed a strategic cooperation framework agreement with Guangxi Beitou Low-altitude Economic Investment Co., marking a step towards accelerating the layout of low-altitude economic projects [2] Group 5: Collaboration and Improvement - The company welcomes industry institutions to provide effective measures for improving its fundamentals and invites participation in actions aimed at enhancing its operational performance [2]

刚刚过去的"五一"假期，夫子庙—秦淮风光带吸引了五湖四海的游客竞相奔赴。假期，这里的"文旅 大餐"异彩纷呈，如大成殿景区内，妙趣横生的玩偶互动，美轮美奂的汉服巡游，古韵悠长的汉唐古典 舞《春行》接连上演；南京中国科举博物馆内，众多亲子家庭合力执笔绘出"百工长卷状元路"，"士子之 行"诗歌演绎环节游客纷纷与"小状元"互动答题。文商旅"融"出诸多新玩法，如"秦淮礼物"店客流如织， 金箔梅花发簪、"南都繁会图"文件夹、云锦手提包、"红楼梦"鼠标垫、雨花石挂饰等吸引众多游客"买买 买"；剪子巷一带集聚了众多汉服、国风摄影工作室，推出"夜游秦淮河""夜游老门东""夜瞻园"等夜间旅 拍项目，众多女性游客在这里装扮成"宋代闺秀"走进夜瞻园打卡秀美的园林景致，变身"大唐贵妃"夜游 灯火璀璨的秦淮河…… 钟山风景区在"五一"假期也推出一批新景致和新玩法。明孝陵景区燕雀湖畔的"双生花境"成了新晋 网红打卡地，五颜六色的绣球开成了"花海"，这里共种植了四种不同类型约2500株绣球，蓝紫粉白的花 瓣，轻灵柔美似云霞，在黑天鹅、水杉林的映衬下宛若仙境一般，吸引了身着花裙子的"花仙子"们竞相 打卡。明孝陵博物馆推出"穿越六百年·共话大明 ...

Core Insights - The holiday tourism market in the city showed a positive trend during the "May Day" holiday, with a total of 1.6428 million visitors and a revenue of 61.3945 million yuan, reflecting an 8.90% increase in visitors and a 0.63% increase in revenue compared to the previous year [1] - Various tourism activities and promotional policies were implemented, including 46 holiday tourism activities and 19 discount policies, enhancing the overall tourism experience [3] - The city has actively developed new cultural and tourism scenes, including performances and exhibitions, to attract more visitors and improve service quality [4] Tourism Performance - A total of 21 tourist attractions received 1.6428 million visitors from May 1 to May 5, achieving a ticket revenue of 40.9851 million yuan, which is a 1.02% increase year-on-year [1] - The upgraded performance project at the Tai Mountain scenic area sold 9,941 tickets during the holiday, marking a 30% increase in sales and a 48% increase in net income [3] Service Improvement - The city government implemented a comprehensive service plan for the holiday, including a "limit, reservation, and staggered peak" strategy to manage the high visitor flow effectively [5] - A total of 521 buses were deployed, serving over 51,300 passengers during the holiday period [6] Market Regulation - A joint supervisory team was established to ensure compliance with safety and hygiene standards across tourist attractions, with 80 personnel deployed for inspections [8] - Law enforcement agencies were active, with 1,500 police officers deployed daily to maintain public order and assist tourists [8]

Group 1 - The transformation of industrial relics into cultural and creative parks and scenic spots is gaining popularity, with "industrial style" revitalizing cultural tourism across various regions [1] - The 798 Art District in Beijing has become a cultural and creative industry hub, attracting visitors with various themed exhibitions and the largest immersive VR cinema in Beijing [1][2] - During the recent "May Day" holiday, the daily visitor count at the 798 Art District reached approximately 60,000, indicating a significant increase in foot traffic [2] Group 2 - The restaurant business in the 798 Art District reported an 80% increase in sales compared to the same period last year, driven by the surge in visitor numbers during the holiday [2] - In Anhui Province, the "living" red tea museum, an old tea factory, is attracting visitors of all ages, showcasing the only complete wooden production line in the country [2][3] - The tea factory, established in 1951, is home to the oldest and highest-regulated wooden tea storage warehouse still in use in China, contributing to the preservation of local tea culture [3] Group 3 - In Guangxi Nanning, the transformation of an old silk factory into the Baiyi Shanghecheng tourist attraction has revitalized the area, offering new cultural experiences through creative design and exhibitions [3] - The scenic area combines historical significance with modern cultural activities, demonstrating the potential of industrial heritage to create vibrant and lively spaces [3]