Core Viewpoint - Caesar Travel Industry is increasing its investment in Qingdao by developing a leisure fishing base project, aiming to enhance its marine tourism network and expand its leisure sightseeing business segment [1][12]. Investment Details - The project involves leasing marine usage rights for 20 years with an estimated total investment of approximately 75.54 million yuan [3][6]. - The project will include a comprehensive dock that integrates leisure fishing, coastal tourism, and commercial services, covering an area of about 5.85 hectares [3][6]. - The initial rental fee is set at 1.23 million yuan per year, increasing by 3% every three years, with a total rental cost of approximately 26.80 million yuan over the lease term [3][6]. Financial Overview - The financial performance of the controlling shareholder, Qingdao Huanhaiwan Cultural Tourism Development Group, shows a projected revenue of 12.27 million yuan for 2024, with a net loss of approximately 22.12 million yuan [4][5]. - The company plans to finance the project through a combination of self-funding and bank loans [3][6]. Market Potential - Qingdao, as a coastal tourism city, has a growing number of outdoor leisure activities, particularly fishing, indicating a significant market development opportunity for the leisure fishing industry [12][13]. - The local government has introduced supportive policies for marine tourism development, creating a favorable environment for the project's implementation and operation [12][13]. Strategic Goals - The project aims to create a circular tourism dock network that connects various marine tourism resources, enhancing the overall tourism experience in the region [13]. - The company anticipates stable returns from diverse revenue channels, including berth leasing, boat management, fishing operations, and marine entertainment [13].

Core Viewpoint - Caesar Travel Industry (000796.SZ) has approved its wholly-owned subsidiary, Caesar Bay Destination (Shandong) Management Co., Ltd., to develop a "Leisure Sea Fishing Base Project" in Qingdao's Xiaogangwan, focusing on integrated development of marine and land areas for tourism and commercial services [1][2]. Group 1 - The project aims to create a comprehensive dock that includes leisure sea fishing, coastal tourism, and commercial services, featuring a fishing port, a coastal sightseeing area, and integrating four functional sectors: industry, culture and tourism, commerce, and leisure [1]. - The total area for the leased marine rights is approximately 5.85 hectares, with 4.84 hectares in the northern sea area and 1.01 hectares in the southern sea area, with an initial annual rent of 1.23 million yuan, increasing by 3% every three years over a 20-year lease term, totaling 26.8049 million yuan [1]. Group 2 - The expected total investment for the project is approximately 75.5407 million yuan, excluding related rental costs, with funding planned through a combination of self-owned funds and bank loans [2].

Core Viewpoint - The company has approved the establishment of a leisure sea fishing base project in Qingdao, integrating marine and land development for tourism and commercial services [1] Group 1: Project Overview - The project will be developed by the company's wholly-owned subsidiary, Caesar Bay, focusing on a comprehensive dock that includes leisure sea fishing, coastal tourism, and commercial services [1] - The spatial layout will feature a leisure fishing harbor, a coastal sightseeing belt, and will encompass four functional areas: industry, cultural tourism, commerce, and leisure [1] - The project aims to create ecological connectivity between the urban area and the ocean through scenic corridors [1] Group 2: Lease and Financial Details - Caesar Bay plans to lease marine usage rights from a related party, Qingdao Huanhaiwan Cultural Tourism Development Group, covering a total area of approximately 5.85 hectares [1] - The lease includes 4.84 hectares in the northern sea area and 1.01 hectares in the southern sea area, with an initial annual rent of 1.23 million yuan, increasing by 3% every three years, over a 20-year lease term [1] - The total rental amount over the contract period is estimated at 26.80 million yuan, excluding related lease payments [1] Group 3: Investment and Funding - The total investment for the project is projected to be around 75.54 million yuan, not including the associated lease rent [1] - Funding for the project will be sourced through a combination of the company's own funds and bank loans [1]