Core Viewpoint - Shouxihu Cultural Tourism has submitted an application for listing on the Hong Kong Stock Exchange, with Everbright Securities International as its sole sponsor [1] Company Overview - The company is the only licensed operator of water sightseeing boats in Yangzhou, with its boats being the only designated mode of transportation in the Yangzhou water area [1] - Shouxihu Cultural Tourism holds exclusive operating rights for water sightseeing in the Shugang-Shouxihu Scenic Area for 20 years, as well as unlimited operating rights in the ancient canal area [1] Service Offerings - The company provides standard water sightseeing services, including rowing boats, self-driving boats, and themed boats [1] - As of September 21, 2025, the company will have a total of 206 boats, comprising 36 rowing boats, 106 self-driving boats, and 64 themed boats, with a total passenger capacity of 3,817 per trip [1]

Core Viewpoint - Jiangsu Shouxihu Cultural Tourism Co., Ltd. (Shouxihu Wenlv) has submitted its listing application to the Hong Kong Stock Exchange, with Everbright Securities International as the sole sponsor [1] Group 1: Company Overview - Shouxihu Wenlv is the only licensed operator of water sightseeing boats in Yangzhou and the designated transportation method within the Yangzhou water area [3] - The company has exclusive operating rights for water sightseeing services in the Shugang-Shouxihu scenic area for 20 years and operates without time restrictions in the ancient canal area until September 21, 2025 [3] - As of September 21, 2025, the company owns 206 boats, including 36 rowing boats, 106 self-driving boats, and 64 themed boats, with a total passenger capacity of 3,817 per trip and a maximum daily capacity exceeding 35,000 during peak tourist seasons [3] Group 2: Service Offerings - Shouxihu Wenlv provides a variety of sightseeing boat services, including standard sightseeing, value-added services, and evening performances [3] - The company collaborates with selected restaurants to offer innovative "boat + dining" services, such as traditional Yangzhou breakfast experiences, and provides exclusive charter services for corporate events [4] Group 3: Financial Performance - The company reported revenues of RMB 31.236 million, RMB 109.096 million, RMB 111.428 million, and RMB 84.542 million for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively, with a compound annual growth rate of approximately 89% from 2022 to 2024 [4] - The net profit for the same periods was RMB 2.98 million, RMB 46.43 million, RMB 42.884 million, and RMB 38.823 million [4][5]