四川在线记者 张立峰 "康定第二届冰雪·暖阳·温泉嘉年华"来了。1月14日，记者从甘孜州康定市文旅部门获悉，本届嘉年华将于1月23日在康定市木格措景区启幕，以"冬游康定， 闪亮情城"为主题，邀请游客共赴一场浪漫、精彩的冬日之约。 这是泸定至石棉高速公路泸定段通年后，甘孜州"冰雪游"热潮中添上的又一把"火"。 从成都出发，3.5小时直达甘孜州海螺沟景区——"朝发蓉城，午览冰川"成为现实，甘孜州推动冰雪消费扩容提质正当其时。甘孜州如何立足"快进"优势， 打造出更多"慢游"产品，让冰雪流量变为消费留量和经济增量？ "快"与"慢"协调 营造多元体验，留住更多客人 优化产品矩阵，打造产业引擎 在炉霍县泥巴乡四季村，一个总投资1050万元的温泉酒店项目正加速推进，预计今年建成投用。"四季村拥有优质温泉资源，此前因资金、技术与运营模式 的限制，未能将其转化为经济优势。"炉霍县文化广播电视和旅游局相关负责人表示，当地将着力把这个温泉酒店项目打造为吸引游客、促农增收的"产业引 擎"。 海螺沟景区是甘孜州的国家5A级旅游景区之一，也是游客赴甘孜州旅游的重要打卡地。不过，因为景区游玩体验比较单一，以往游客到海螺沟旅游，往往 是直达 ...

Core Viewpoint - The "Hundred Million Thousand Project" is revitalizing the ancient town of Fengliang in Meizhou, enhancing its livability and tourism appeal through infrastructure improvements and ecological initiatives [1][6]. Group 1: Urban and Environmental Development - Fengliang Town has renovated 810 buildings and improved the green coverage rate to 42%, creating 25 cultural nodes and parks [1][4]. - The town's historical cultural district has been recognized as a "Fifth Batch of Guangdong Historical and Cultural Districts," transforming it into a popular tourist destination [1][4]. Group 2: Agricultural and Economic Initiatives - The project focuses on high-standard farmland construction, with over 5,500 acres undergoing upgrades to facilitate mechanized farming and reduce production costs [4][9]. - The introduction of large-scale agricultural projects, such as the cultivation of 500 acres of chili peppers, is expected to increase farmers' incomes through land leasing and labor opportunities [4][9]. Group 3: Industrial and Energy Development - The Longyu Technology project in Fengliang is set to generate an annual output value exceeding 2 billion yuan and create 800 jobs, supported by a total investment of 1.5 billion yuan [5][10]. - The rooftop solar project has a capacity of 50 megawatts, generating over 60 million kilowatt-hours annually, contributing more than 3 million yuan to local collective income [5][10]. Group 4: Social Welfare and Community Improvement - The project has raised over 30 million yuan for public welfare, establishing markets, community kitchens, and wastewater treatment facilities to enhance living conditions [5][10]. - Initiatives like planting 5,020 economic fruit trees across 18 villages aim to improve both ecological and economic benefits for the community [5][10].

Core Viewpoint - Xiyu Tourism's stock price has shown fluctuations, with a recent increase of 2.00% and a year-to-date increase of 3.81%, despite a decline over the past 60 days [1][2]. Financial Performance - For the period from January to September 2025, Xiyu Tourism achieved operating revenue of 286 million yuan, representing a year-on-year growth of 6.20%. However, the net profit attributable to shareholders decreased by 14.51% to approximately 98.58 million yuan [2]. - The company has distributed a total of 108 million yuan in dividends since its A-share listing, with 93 million yuan distributed over the past three years [3]. Shareholder Information - As of November 20, 2025, the number of shareholders for Xiyu Tourism was 26,700, a decrease of 7.65% from the previous period. The average circulating shares per person increased by 8.28% to 5,812 shares [2]. - Notable changes in institutional holdings include an increase in shares held by the Fortune China Securities Tourism Theme ETF, which now holds 1.8567 million shares, and the entry of Hong Kong Central Clearing Limited as a new shareholder with 982,100 shares [3]. Business Overview - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, is primarily engaged in the development and operation of tourism resources. Its main business segments include tourism passenger transport (64.81%), cableway transportation (13.16%), and sightseeing boat services (11.36%) [2]. - The company operates within the social services sector, specifically in tourism and scenic areas, and is associated with concepts such as low-altitude economy, state-owned enterprise reform, and Xinjiang revitalization [2].

Core Insights - Xiyu Tourism's stock price decreased by 2.02% on November 12, trading at 38.39 CNY per share with a total market capitalization of 5.95 billion CNY [1] - The company has experienced a year-to-date stock price increase of 10.06%, but has seen declines of 5.26% over the last five trading days, 4.98% over the last 20 days, and 10.09% over the last 60 days [1] - For the period from January to September 2025, Xiyu Tourism reported a revenue of 286 million CNY, reflecting a year-on-year growth of 6.20%, while net profit attributable to shareholders decreased by 14.51% to 98.58 million CNY [2] Financial Performance - The company has cumulatively distributed 108 million CNY in dividends since its A-share listing, with 93 million CNY distributed over the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include notable entities such as the Fortune China Securities Tourism Theme ETF, which increased its holdings by 64.51 million shares [3] Business Overview - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, focuses on tourism resource development and operations, including services such as tourist transportation, cable car sightseeing, boat tours, hot spring hotels, and travel agencies [2] - The company's revenue composition is primarily from tourist transportation (64.81%), followed by cable car transportation (13.16%), boat tours (11.36%), and other services [2]

Core Viewpoint - Xiyu Tourism's stock price has shown fluctuations with a year-to-date increase of 13.25%, while facing a decline of 12.59% over the past 60 days, indicating volatility in market performance [2][3]. Financial Performance - For the period from January to September 2025, Xiyu Tourism reported a revenue of 286 million yuan, reflecting a year-on-year growth of 6.20%. However, the net profit attributable to shareholders decreased by 14.51% to approximately 98.58 million yuan [3]. - The company has distributed a total of 108 million yuan in dividends since its A-share listing, with 93 million yuan distributed over the past three years [4]. Stock Market Activity - As of November 10, Xiyu Tourism's stock price was 39.50 yuan per share, with a market capitalization of 6.123 billion yuan. The trading volume was 2.19 billion yuan, with a turnover rate of 3.63% [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 38.63 million yuan on August 8, contributing to a total buying of 152 million yuan, which accounted for 12.99% of total trading volume [2]. Shareholder Structure - As of October 20, the number of shareholders for Xiyu Tourism increased to 26,200, with an average of 5,924 circulating shares per person, a decrease of 1.32% [3]. - Notable changes in institutional holdings include the entry of Hong Kong Central Clearing Limited as a new major shareholder, holding 982,100 shares, while the 富国中证旅游主题ETF has increased its holdings to 1.8567 million shares [4].

Core Viewpoint - Xiyu Tourism, established in 2001 and listed in 2020, is the only tourism company in Xinjiang with core scenic resource development rights, focusing on various tourism services [1] Group 1: Business Overview - Xiyu Tourism's main business includes tourism resource development and operations, covering areas such as passenger transport, cable car sightseeing, boat tours, hot spring hotels, and travel agency services [1] - The company is categorized under the social services sector, specifically in tourism and scenic areas, with concepts including ice and snow industry, online tourism, and tourism hotel fusion [1] Group 2: Financial Performance - For Q3 2025, Xiyu Tourism reported revenue of 286 million yuan, ranking 11th in the industry, below the industry average of 563 million yuan and median of 503 million yuan [2] - The main revenue sources include passenger transport (64.81%), cable car transport (13.16%), and boat tours (11.36%) [2] - The net profit for the same period was 96.44 million yuan, ranking 8th in the industry, also below the industry average of 122 million yuan and median of 146 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, Xiyu Tourism's debt-to-asset ratio was 27.64%, lower than the industry average of 31.00% [3] - The gross profit margin was 56.13%, higher than the industry average of 45.62% [3] Group 4: Management and Shareholder Structure - The total compensation for General Manager Li Xinping was 550,500 yuan in 2024, an increase of 89,900 yuan from 2023 [4] - The controlling shareholder is Xinjiang Cultural Tourism Investment Group, with the actual controller being the State-owned Assets Supervision and Administration Commission of Xinjiang [4] Group 5: Shareholder Dynamics - As of September 30, 2025, the number of A-share shareholders increased by 40.32% to 25,800 [5] - The average number of shares held per shareholder decreased by 28.73% to 6,003.56 [5] - Notable changes in the top ten circulating shareholders include an increase in holdings by the Fortune China Securities Tourism Theme ETF and the entry of Hong Kong Central Clearing Limited as a new shareholder [5] Group 6: Future Outlook - The company is expected to become a quality resource integration platform for Xinjiang's cultural tourism, with projected net profits of 105 million, 134 million, and 163 million yuan for 2025, 2026, and 2027 respectively [5]

Core Viewpoint - Xiyu Tourism's stock price has shown volatility, with a year-to-date increase of 13.79% but a recent decline of 9.49% over the last five trading days, indicating potential market fluctuations and investor sentiment shifts [2][3]. Financial Performance - As of September 30, Xiyu Tourism reported a revenue of 114 million yuan for the first half of 2025, reflecting a year-on-year growth of 9.59%. However, the net profit attributable to shareholders decreased by 61.78% to 11.23 million yuan [3]. - The company has distributed a total of 108 million yuan in dividends since its A-share listing, with 93 million yuan distributed over the past three years [4]. Shareholder and Market Activity - The number of shareholders increased by 40.32% to 25,800, while the average circulating shares per person decreased by 28.73% to 6,003 shares [3]. - Xiyu Tourism's stock has appeared on the "Dragon and Tiger List" once this year, with a net buy of 38.63 million yuan on August 8, contributing to a total buy of 152 million yuan, which accounted for 12.99% of total trading volume [2]. Business Overview - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, focuses on tourism resource development and operations, including tourist transportation, cable car sightseeing, boat tours, hot spring hotels, and travel agency services [2]. - The revenue composition of Xiyu Tourism includes 64.81% from tourist transportation, 13.16% from cable car services, 11.36% from boat tours, and smaller contributions from other services [2]. Institutional Holdings - As of June 30, 2025, notable institutional shareholders include the Fortune China Securities Tourism Theme ETF, which holds 1.21 million shares, and new entrants like the GF Xinxing Mixed A fund with 945,000 shares [4].

Core Viewpoint - Xiyu Tourism's stock has experienced fluctuations, with a year-to-date increase of 30.28% but a recent decline of 20.27% over the past five trading days [1] Group 1: Stock Performance - As of September 26, Xiyu Tourism's stock price was 45.44 CNY per share, with a market capitalization of 7.043 billion CNY [1] - The stock has seen a trading volume of 1.02 billion CNY, with a turnover rate of 1.44% [1] - Year-to-date, the stock has risen by 30.28%, but it has dropped by 20.27% in the last five trading days [1] Group 2: Financial Performance - For the first half of 2025, Xiyu Tourism reported revenue of 114 million CNY, a year-on-year increase of 9.59%, while net profit attributable to shareholders decreased by 61.78% to 11.2265 million CNY [2] - The company has distributed a total of 108 million CNY in dividends since its A-share listing, with 93 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of June 30, 2025, Xiyu Tourism had 18,400 shareholders, an increase of 5.84% from the previous period [2] - The top ten circulating shareholders include notable funds, with the fifth-largest being the Fortune CSI Tourism Theme ETF, holding 1.2116 million shares, a decrease of 21.41% from the previous period [3]

Core Viewpoint - Xiyu Tourism's stock price has experienced a significant decline, dropping 5.21% on September 25, with a cumulative drop of 14.2% over three consecutive days, indicating potential concerns regarding the company's performance and market sentiment [1]. Company Overview - Xiyu Tourism Development Co., Ltd. is located in Fukang City, Changji Prefecture, Xinjiang, and was established on January 18, 2001. The company was listed on August 6, 2020. Its main business involves the development and operation of tourism resources, including tourist transportation, cable car sightseeing, boat tours, hot spring hotels, and travel agency services [1]. - The revenue composition of Xiyu Tourism is as follows: tourist transportation 64.81%, cable car transportation 13.16%, boat tours 11.36%, other services 4.98%, immersive performances 3.13%, hot spring hotels 1.33%, and travel agency services 1.24% [1]. Shareholder Analysis - Among the top ten circulating shareholders of Xiyu Tourism, one fund from GF Fund Management, GF Xinxing Mixed A (002132), entered the top ten in the second quarter, holding 945,000 shares, which accounts for 0.61% of the circulating shares. The estimated floating loss today is approximately 2.41 million yuan, with a total floating loss of 7.65 million yuan over the three-day decline [2]. - GF Xinxing Mixed A (002132) was established on January 15, 2016, with a current scale of 1.805 billion yuan. Year-to-date returns are 10.26%, ranking 5801 out of 8173 in its category; the one-year return is 29.24%, ranking 4898 out of 8003; and since inception, the return is 107.41% [2]. Fund Performance - The fund manager of GF Xinxing Mixed A is Zheng Chengran, who has been in the position for 5 years and 130 days. The total asset scale under management is 13.523 billion yuan, with the best fund return during his tenure being 53.38% and the worst being -50.62% [3]. - Another fund, GF Juxiang Flexible Mixed (000567), also holds a significant position in Xiyu Tourism, with 78,200 shares, representing 3.22% of the fund's net value. The estimated floating loss today is about 199,400 yuan, with a total floating loss of 632,600 yuan over the three-day decline [4]. - GF Juxiang Flexible Mixed (000567) was established on March 21, 2014, with a current scale of 97.819 million yuan. Year-to-date returns are 6.7%, ranking 6410 out of 8173; the one-year return is 6.94%, ranking 7192 out of 8003; and since inception, the return is 88% [4]. Fund Manager Profiles - The fund managers of GF Juxiang Flexible Mixed are Yin Pei and Li Wei. Yin Pei has been in the position for 284 days, managing assets totaling 27.5 million yuan, with the best return during his tenure being 26.35% and the worst being 6.91% [5]. - Li Wei has a tenure of 14 years and 10 days, managing assets totaling 4.834 billion yuan, with the best return during his tenure being 610.66% and the worst being -17.73% [5].

Core Viewpoint - Xiyu Tourism's stock price increased by 5.3% to 53.29 CNY per share, with a trading volume of 494 million CNY and a turnover rate of 6.18%, resulting in a total market capitalization of 8.26 billion CNY [1] Company Overview - Xiyu Tourism Development Co., Ltd. is located in Fukang City, Changji Prefecture, Xinjiang, established on January 18, 2001, and listed on August 6, 2020. The company focuses on the development and operation of tourism resources [1] - The main business segments include tourism passenger transport (64.81%), cableway sightseeing (13.16%), boat sightseeing (11.36%), and other services such as immersive performances (3.13%), hot spring hotels (1.33%), and travel agencies (1.24%) [1] Shareholder Information - Among the top ten circulating shareholders of Xiyu Tourism, one fund from GF Fund Management, GF Xinxing Mixed A (002132), entered the list in the second quarter, holding 945,000 shares, which is 0.61% of the circulating shares. The estimated floating profit for today is approximately 2.53 million CNY [2] - GF Xinxing Mixed A was established on January 15, 2016, with a latest scale of 1.805 billion CNY. Year-to-date return is 11.38%, ranking 5548 out of 8172 in its category; the one-year return is 30.87%, ranking 5060 out of 7980; and since inception, the return is 109.51% [2] Fund Holdings - GF Fund's GF Juxiang Flexible Mixed Fund (000567) holds 78,200 shares of Xiyu Tourism, making it the second-largest holding in the fund, accounting for 3.22% of the fund's net value. The estimated floating profit for today is about 209,600 CNY [4] - GF Juxiang Flexible Mixed Fund was established on March 21, 2014, with a latest scale of 97.819 million CNY. Year-to-date return is 6.53%, ranking 6354 out of 8172; the one-year return is 11.26%, ranking 6753 out of 7980; and since inception, the return is 87.7% [4]