Company Overview - Dalian Shengya, the first listed cultural tourism company in Northeast China, announced plans to issue shares to specific investors, potentially leading to a change in control [1] - The company has experienced significant financial difficulties, with four out of the last five years reporting losses totaling approximately 400 million yuan [1][4] Shareholder Dynamics - The current major shareholder is Dalian Xinghaiwan Financial Business District Investment Management Co., which is controlled by the Dalian Municipal Government [1] - Conflicts among shareholders have been prominent, particularly between Yang Ziping and the original management team, culminating in a physical altercation at a shareholder meeting in 2020 [2][3] Financial Performance - Dalian Shengya's revenue dropped to 114 million yuan in 2020, a 64% decrease year-on-year, with a net loss of 69.98 million yuan [3] - The company reported net losses of 198 million yuan in 2021 and 76.64 million yuan in 2022, but managed to turn a profit in 2023 before incurring a loss of 70.18 million yuan in 2024 [3] - For the first half of 2025, the company anticipates a pre-loss of between 12.72 million yuan and 19.08 million yuan due to decreased visitor numbers and other factors [3] Legal Challenges - Legal issues have significantly impacted the company's financials, with over 20 litigation announcements since 2020, and new cases involving over 19 million yuan in claims [4] - Increased legal expenses have been noted in the company's financial reports, contributing to overall losses [4] Industry Context - The marine park industry, in which Dalian Shengya operates, is facing challenges such as high operational costs and stagnant visitor growth, leading to increased competition and pressure on profitability [5][6] - Recent ownership changes in similar companies indicate a trend of consolidation within the marine park sector, driven by structural challenges and declining returns on investment [6]

每经记者｜舒冬妮 每经编辑｜文多 7月21日晚，东北首家文旅上市公司大连圣亚（SH600593，股价34.30元/股，总市值44.18亿元）发布公 告称，正在筹划向特定对象发行股票，若进展顺利可能导致公司控制权发生变更。公司股票将于7月22 日起停牌，预计停牌时间不超过2个交易日。 7月22日上午，《每日经济新闻》记者以投资者身份致电大连圣亚董秘办，接电话的工作人员表示："现 在是有一个新的投资者进来，控股股东可能会有变动。" 大连圣亚2024年年报显示，公司控股股东为大连星海湾金融商务区投资管理股份有限公司（以下简称星 海湾投资），实际控制人为大连市人民政府国有资产监督管理委员会。如今，可能发生的公司控制权变 更，让投资者看到了打开新局面的希望。 2020年起的5年间，大连圣亚已有4个年度出现亏损，这4个年头合计亏损约4亿元。 多年股权争夺或有新进展 在A股，大连圣亚是唯一经营海洋馆的公司，已上市23年。 新闻链接：《股东会引发武斗，"野蛮人"对决经理人：大连圣亚游乐场里的资本局》 截至去年末，星海湾投资持有上市公司24.03%的股份，磐京基金及其一致行动人持有上市公司19.46% 的股份，与磐京基金关系较 ...