Core Viewpoint - Three Gorges Tourism is expanding its tourism portfolio by acquiring a 35% stake in Peak Double Gorge Tourism from Chongqing Wanzhou Automobile Transport Group, enhancing collaboration in tourism resources between Wushan and Fengjie regions [1][3]. Group 1: Company Overview - Three Gorges Tourism, formerly known as Yichang Transportation, was listed on the Shenzhen Stock Exchange in 2011 and rebranded in 2021 to focus on tourism [1]. - The company divested its passenger car 4S business and supply chain operations in 2023 to concentrate on its core tourism business [1]. Group 2: Transaction Details - The joint acquisition of Peak Double Gorge involves Three Gorges Tourism acquiring 5% of the shares for 588,000 yuan, while Wushan Cultural Tourism will acquire 30% for 3.5278 million yuan, totaling 4.1157 million yuan for the 35% stake [1][2]. - Post-transaction, the shareholding structure of Peak Double Gorge will be Three Gorges Tourism 40%, Wushan Cultural Tourism 30%, and Chijia Cultural Tourism 30% [1]. Group 3: Financial Performance - Three Gorges Tourism reported a revenue of 286 million yuan in tourism-related business for the first half of 2025, marking a 20.20% increase year-on-year [2]. - The company received 1.2525 million visitors for its cruise products, a 10.96% increase compared to the same period in 2024, contributing to a total revenue of 367 million yuan, up 7.47% year-on-year [2]. - The net profit attributable to the parent company reached 63.6214 million yuan, reflecting a 17.74% increase, with a record high of 58.3915 million yuan in non-recurring net profit, up 19.00% [2]. Group 4: Strategic Implications - The acquisition is expected to enhance the shareholder equity of Three Gorges Tourism in Peak Double Gorge and promote the collaborative development of tourism resources in Wushan and Fengjie [3].

Core Viewpoint - Three Gorges Tourism announced a significant increase in revenue and visitor numbers for its tourism business in the first half of 2025, indicating strong growth in the sector [1] Financial Performance - The company achieved a revenue of 286 million yuan in its tourism comprehensive business for the first half of 2025, representing a year-on-year growth of 20.20% [1] - The company's cruise products received a total of 1.2525 million visitors, which is an increase of 10.96% compared to the same period in 2024, marking a new record for visitor numbers [1]