10月15日，西域旅游盘中上涨2.00%，截至09:47，报39.69元/股，成交5614.24万元，换手率0.92%，总 市值61.52亿元。 资金流向方面，主力资金净流入419.44万元，大单买入1357.62万元，占比24.18%，卖出938.19万元，占 比16.71%。 西域旅游今年以来股价涨13.79%，近5个交易日跌9.49%，近20日跌13.70%，近60日涨10.22%。 今年以来西域旅游已经1次登上龙虎榜，最近一次登上龙虎榜为8月8日，当日龙虎榜净买入3863.12万 元；买入总计1.52亿元 ，占总成交额比12.99%；卖出总计1.13亿元 ，占总成交额比9.68%。 资料显示，西域旅游开发股份有限公司位于新疆昌吉州阜康市准噶尔路229号，成立日期2001年1月18 日，上市日期2020年8月6日，公司主营业务涉及旅游资源的开发经营。主营业务包括旅游客运、高山索 道观光、游船观光、温泉酒店、旅行社等其他服务。主营业务收入构成为：旅游客运64.81%，索道运 输13.16%，游船11.36%，其他4.98%，沉浸式演艺3.13%，温泉酒店1.33%，旅行社1.24%。 西域旅游所属申万行业 ...

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]

资料显示，西域旅游开发股份有限公司位于新疆昌吉州阜康市准噶尔路229号，成立日期2001年1月18 日，上市日期2020年8月6日，公司主营业务涉及旅游资源的开发经营。主营业务包括旅游客运、高山索 道观光、游船观光、温泉酒店、旅行社等其他服务。主营业务收入构成为：旅游客运64.81%，索道运 输13.16%，游船11.36%，其他4.98%，沉浸式演艺3.13%，温泉酒店1.33%，旅行社1.24%。 从西域旅游十大流通股东角度 数据显示，广发基金旗下1只基金位居西域旅游十大流通股东。广发鑫享混合A（002132）二季度新进 十大流通股东，持有股数94.5万股，占流通股的比例为0.61%。根据测算，今日浮亏损失约240.97万 元。连续3天下跌期间浮亏损失764.51万元。 广发鑫享混合A（002132）成立日期2016年1月15日，最新规模18.05亿。今年以来收益10.26%，同类排 名5801/8173；近一年收益29.24%，同类排名4898/8003；成立以来收益107.41%。 广发鑫享混合A（002132）基金经理为郑澄然。 9月25日，西域旅游跌5.21%，截至发稿，报46.35元/股，成交3 ...

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]

Core Viewpoint - Xiyu Tourism's stock price increased by 5.16% to 50.97 CNY per share, with a trading volume of 681 million CNY and a turnover rate of 8.82%, resulting in a total market capitalization of 7.9 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 [1] - The company's 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] - Revenue composition: 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%, travel agency 1.24% [1] Shareholder Analysis - Among the top ten circulating shareholders, GF Fund's GF Xinxing Mixed A (002132) entered the list in Q2, holding 945,000 shares, which is 0.61% of the circulating shares, with an estimated floating profit of approximately 2.3625 million CNY [2] - GF Xinxing Mixed A was established on January 15, 2016, with a latest scale of 1.805 billion CNY, achieving a year-to-date return of 13.51% and a one-year return of 32.55% [2] Fund Performance - GF Xinxing Mixed A's fund manager is Zheng Chengran, who has been in the position for 5 years and 120 days, managing assets totaling 13.523 billion CNY, with the best fund return during his tenure being 59.46% and the worst being -50.7% [3] - Another fund, GF Juxiang Flexible Mixed (000567), holds 78,200 shares of Xiyu Tourism, accounting for 3.22% of the fund's net value, with an estimated floating profit of about 195,500 CNY [4] - GF Juxiang Flexible Mixed was established on March 21, 2014, with a latest scale of 97.819 million CNY, achieving a year-to-date return of 7.15% and a one-year return of 14.49% [4] Fund Manager Profiles - The fund manager for GF Juxiang Flexible Mixed is Yin Pei, who has been in the role for 274 days, managing assets of 27.5 million CNY, with the best return of 25.01% and the worst of 7.76% [5] - Another manager, Li Wei, has 14 years of experience, managing assets of 4.834 billion CNY, with the best return of 592.92% and the worst of -18.07% [5]

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 [2]. Business Performance - For the first half of 2025, Xiyu Tourism achieved operating revenue of 114 million yuan, representing a year-on-year growth of 9.59%. However, the net profit attributable to shareholders decreased by 61.78% to 11.23 million yuan [2]. - The revenue composition of Xiyu Tourism includes: 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%) [2]. Stock Performance - As of September 12, Xiyu Tourism's stock price increased by 2.03% to 48.35 yuan per share, with a trading volume of 369 million yuan and a turnover rate of 5.00%. The total market capitalization is 7.494 billion yuan [1]. - Year-to-date, Xiyu Tourism's stock price has risen by 38.62%, with a 2.11% increase over the last five trading days, 19.18% over the last 20 days, and 26.90% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on August 8, where it recorded a net purchase of 38.63 million yuan [1]. Shareholder Information - As of July 31, the number of shareholders of Xiyu Tourism was 18,400, an increase of 5.84% from the previous period. The average number of circulating shares per person decreased by 5.52% to 8,423 shares [2]. - As of June 30, 2025, the top ten circulating shareholders include the Fortune China Securities Tourism Theme ETF, which holds 1.2116 million shares, a decrease of 214,100 shares from the previous period. New shareholders include Guangfa Xinxiang Mixed A, holding 945,000 shares, and Fortune Tianhui Growth Mixed A/B, holding 901,600 shares [3].

Group 1 - The core viewpoint of the news is the performance and business operations of Xiyu Tourism, which saw a stock price increase of 5.74% to 46.80 CNY per share, with a trading volume of 709 million CNY and a turnover rate of 10.18%, resulting in a total market capitalization of 7.254 billion CNY [1] - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, is primarily engaged in 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 includes: 64.81% from tourist transportation, 13.16% from cable car operations, 11.36% from boat tours, 4.98% from other services, 3.13% from immersive performances, 1.33% from hot spring hotels, and 1.24% from travel agencies [1] Group 2 - From the perspective of major fund holdings, the Everbright Prudential Fund has a significant position in Xiyu Tourism, with its Everbright Prudential Consumer Stock A fund increasing its holdings by 31,000 shares in the second quarter, totaling 277,100 shares, which represents 6.93% of the fund's net value, making it the fourth-largest holding [2] - The Everbright Prudential Consumer Stock A fund, established on April 23, 2020, has a current scale of 1.57 billion CNY, with a year-to-date return of 10.41%, ranking 3349 out of 4222 in its category, and a one-year return of 28.98%, ranking 3024 out of 3795 [2]

Group 1 - The core viewpoint of the news is that Xiyu Tourism's stock has experienced a decline of 5.07%, with a current price of 43.03 CNY per share and a total market capitalization of 6.67 billion CNY [1] - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, focuses on tourism resource development and management, with its main revenue sources being tourism passenger transport (64.81%), cableway transportation (13.16%), and sightseeing boats (11.36%) [1] - The company operates various services including hot spring hotels, travel agencies, and immersive performances, contributing to its overall revenue [1] Group 2 - According to data from the top ten holdings of funds, Everbright Pramerica Fund has a significant position in Xiyu Tourism, with an increase of 31,000 shares in the second quarter, totaling 277,100 shares, which represents 6.93% of the fund's net value [2] - The fund, Everbright Pramerica Consumer Stock A (008234), has a current scale of 1.57 billion CNY and has achieved a year-to-date return of 13.45% [2] - The fund's performance over the past year shows a return of 32.01%, ranking 2892 out of 3781 in its category [2]

Core Insights - The winter sports season in Beijing is thriving, with numerous international events taking place, leading to increased consumer demand for ice and snow activities, creating a win-win ecosystem between events and the industry [1][2] - The Beijing Winter Olympics effect continues to drive the growth of the ice and snow economy, with a significant increase in participation and consumption [2][3] Industry Development - The Chinese ice and snow industry is entering a more stable and sustainable development phase, with projections indicating that by 2025, the total scale of the sports industry will reach 5 trillion yuan, and the ice and snow industry could reach 1 trillion yuan [3] - The number of ice and snow events has exceeded 9,000 since the Winter Olympics, with over 10 million participants, transforming "cold resources" into a "hot economy" [2] Consumer Trends - There is a notable increase in demand for ice and snow-related products, with ski ticket orders up 788% compared to the same period in 2019, and a 23% increase in transaction volume for ski-related goods from November 1 to 20 [2] - The integration of ice and snow activities with other sectors, such as health, fashion, and tourism, is gaining momentum, indicating a trend towards diversified consumption [4][5] Regional Insights - Northeast China is becoming a key player in winter tourism, with a 98% increase in tourism searches compared to last year, and significant growth in flight and train bookings to the region [4][5] - Various regions are implementing strategies to boost ice and snow tourism, including issuing consumption vouchers and enhancing transportation services to attract visitors [7] Future Outlook - The ice and snow tourism sector is expected to play a crucial role in rural revitalization and economic transformation in various regions, presenting substantial investment opportunities [5] - The development of high-quality ice and snow tourism products and services is essential to meet the growing consumer demand for personalized and differentiated experiences [7][8]

Core Viewpoint - The company reported a decline in revenue and net profit for 2024, with a significant increase in losses in Q1 2025, primarily due to rising costs from new projects and increased marketing expenses [1][2]. Financial Performance - In 2024, the company achieved revenue of 304 million yuan, a year-over-year decrease of 0.5%, and a net profit attributable to shareholders of 87 million yuan, down 18% [1]. - The fourth quarter of 2024 saw revenue of 34 million yuan, a year-over-year decline of 8%, with a net loss of 29 million yuan, indicating an increase in losses compared to the previous year [1]. - For Q1 2025, the company reported revenue of 16 million yuan, a decrease of 0.7% year-over-year, and a net loss of 30 million yuan, which is an increase in losses from 12 million yuan in Q1 2024 [1]. Business Segmentation - Revenue from the tourism passenger transport segment was 195 million yuan, up 0.9% year-over-year, with a gross margin of 56.68%, down 3.1 percentage points [2]. - The cableway transportation segment generated 46 million yuan, down 21% year-over-year, with a gross margin of 73.36%, down 4.7 percentage points [2]. - The boat tour segment saw revenue of 44 million yuan, an increase of 31% year-over-year, with a gross margin of 74.09%, up 3.8 percentage points [2]. - The hot spring hotel segment reported revenue of 4 million yuan, down 18% year-over-year, while the travel agency segment also saw revenue of 4 million yuan, down 20% [2]. Profitability and Dividends - The overall gross margin for 2024 was 55.6%, a decrease of 4.4 percentage points year-over-year, with a sales expense ratio of 1.2%, up 0.7 percentage points due to increased marketing activities during the off-peak season [2]. - The net profit margin was 28.5%, down 6.1 percentage points year-over-year [2]. - The company plans to distribute a cash dividend of 3 yuan per 10 shares, totaling 46.5 million yuan, which represents 53.8% of the annual net profit [2]. Shareholding and Control - On September 26, 2024, the company's controlling shareholder, Xinjiang Tianchi Holdings, signed a voting rights entrustment agreement with Xinjiang Cultural Tourism Investment, transferring 23.64% of the company's shares and corresponding voting rights [3]. - Following this agreement, Xinjiang Cultural Tourism Investment will become the controlling shareholder, with the regional state-owned assets supervision and administration commission as the actual controller, which is expected to enhance management efficiency and business development [3]. Future Outlook - The company is positioned as the leading tourism stock in Xinjiang, leveraging the growth in tourist traffic to the Tianshan Tianchi scenic area [3]. - Revenue projections for 2025-2027 are 349 million yuan, 391 million yuan, and 434 million yuan, representing year-over-year growth of 15%, 12%, and 11% respectively [3]. - Expected net profits for the same period are 105 million yuan, 122 million yuan, and 138 million yuan, with growth rates of 21%, 16%, and 14% respectively [3].