据港交所12月10日披露，印象大红袍股份有限公司(简称：印象大红袍)通过港交所主板上市聆讯，兴证国际、铠盛为其联席保荐人。据招股书，印象大红袍 是一家国有文旅服务企业，总部位于福建省武夷山。根据弗若斯特沙利文的资料，按文旅演出节目产生的销售收入计，印象大红袍在2024年中国文旅演出市 场排名第八。公司的股份自2017年1月20日起已于新三板挂牌(股票代码：870608)。 印象大红袍的《印象 大红袍》山水实景演出是备受赞誉的《印象》系列大型户外演出之一，该系列将视觉效果、音乐和编舞融为一体，以展现当地文化和 自然壮丽景色。这些演出由三位著名的电影制作人兼导演-张艺谋先生、王潮歌女士和樊跃先生连手打造，他们被誉为印象铁三角。公司还设计了一个特别 的 360度旋转观众席，为观众提供了一个动态视角，使他们能够完全沉浸在不断展开的景色之中。于最后可行日期，印象大红袍的观众席有 2,099个观众座 位，其中1,521个为普通座位，578个为VIP座位。于最后可行日期，印象大红袍已演出超过 6,700场次，自2010年演出首演以来吸引观众超过940万人次。 招股书提到，印象大红袍的业务包括三个主要业务分部：(i)演出及表 ...

Core Viewpoint - Impression Holdings has submitted a new listing application to the Hong Kong Stock Exchange, with the company being a state-owned cultural tourism service provider based in Wuyishan, Fujian Province [1][4]. Business Overview - Impression Holdings operates in three main segments: performance and show services, Impression cultural tourism town business, and tea soup hotel business [4]. - The company has been listed on the New Third Board since January 20, 2017 [4]. - According to Frost & Sullivan, Impression Holdings ranks eighth in China's cultural tourism performance market by revenue in 2024, with its flagship performance "Impression Da Hong Pao" being a significant revenue source [4]. Revenue Generation - The revenue from "Impression Da Hong Pao" for the years ending December 31 for 2022, 2023, and 2024, and for the six months ending June 30, 2024, and 2025, was approximately RMB 57.6 million, RMB 136 million, RMB 130 million, RMB 47.9 million, and RMB 49.1 million, respectively, accounting for about 91.4%, 94.3%, 94.6%, 93.0%, and 87.8% of total revenue for those years [4]. Financial Performance - The company reported revenues of approximately RMB 63.04 million, RMB 144 million, RMB 137.2 million, and RMB 55.88 million for the years ending June 30 for 2022, 2023, 2024, and 2025, respectively [5][8]. - The corresponding profits for the same periods were approximately RMB -2.6 million, RMB 47.5 million, RMB 42.8 million, and RMB 6.78 million [5][8]. - The company has a high dependency on performance and show services, which, while stable, still carries certain risks [5].