Core Insights - Lijiang Co. achieved total operating revenue of 808 million yuan in 2024, marking a historical high with continued positive growth; net profit attributable to shareholders was 211 million yuan, remaining stable year-on-year [1] - The company reported significant fluctuations in fixed assets and management expenses, primarily due to the trial operation of the Lugu Lake Indigo Hotel starting July 30, 2024, which contributed to the increase in fixed assets and management costs [1] Business Performance - The core business of Lijiang Co. showed steady improvement, with three cableways achieving remarkable operational results; the total number of visitors reached 6.6684 million, an increase of 547,300 visitors year-on-year [1] - The Yak Cow Flat cableway received 526,600 visitors, reflecting a year-on-year growth of 14.51%, with an increase of nearly 40% in demand for capacity [1] Infrastructure Development - The company is actively promoting the expansion and renovation of the Yak Cow Flat cableway, aiming to start construction in the first half of the year, with a planned construction period of 18 months; the current capacity is 360 people per hour, which is expected to increase to 1,900 people per hour post-renovation [2] - Lijiang Co. intends to leverage its core tourism resource advantages, brand strengths, management experience, and marketing advantages to elevate its business to new heights [2]