交运股份与久事集团资产置换，文体旅龙头有望上市 [Table_Industry] 社会服务 | 社会服务 | | --- | | | | | | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | --- | | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | | | 刘越男(分析师) | 021-38677706 | liuyuenan@gtht.com | S0880516030003 | | | | 赵国振(分析师) | 021-38031044 | zhaoguozhen@gtht.com | S0880524030006 | | | 本报告导读： 交运股份重大资产置换，有望从区域性汽车服务商转型为上海领先的文体旅综合运 营商，长期价值显著提升。 投资要点： [Table_Report] 相关报告 社会服务《腾讯与点点互动稳居中国手游厂商 12 月收入榜 Top2，Minimax 港交所上市推动 AI 落 地》2026.01.10 社会服务《搜索入口迁徙，GEO 营销起量》 2026.01.09 社会服务《消 ...

Core Viewpoint - The company, Jiaoyun Co., Ltd. (600676.SH), plans to conduct an asset swap with its controlling shareholder, Jiushi Group, involving the exchange of automotive-related assets for assets in the cultural, sports, and tourism sectors [1] Group 1: Asset Swap Details - The assets to be acquired include 100% equity in an event operation company, 100% equity in a venue operation company, at least 62.40% equity in a smart sports company, 100% equity in a sightseeing company, and 100% equity in a performing arts company [1] - The assets to be disposed of include 100% equity in an auto repair company, 100% equity in an automotive power company, 100% equity in a stamping parts company, 80% equity in a pressure vessel company, and 100% equity in two companies located in Yantai and Shenyang [1] - The difference in asset value will be compensated in cash from one party to the other [1] Group 2: Transaction Classification - This transaction is classified as a related party transaction and is expected to constitute a significant asset restructuring [1]

Core Viewpoint - *ST Tianze (603721.SH) is actively involved in the regional football event, Xiangchao League, and is focused on enhancing its market presence through professional event operation services [1] Group 1: Company Involvement - The company is one of the local sports industry operators in Changsha and is honored to participate in the market promotion for the Xiangchao League in the Changsha region [1] - The company is committed to contributing to the development of sports through professional event operation services and is keen on seizing development opportunities from quality event resources [1] Group 2: Future Event Plans - The company plans to leverage its professional advantages in the execution of upcoming events such as the 2025 Changsha Marathon and the 2025-2026 season of the Badminton Super League finals [1] - The company aims to enhance event quality through high standards of operation and market-oriented management, striving for market recognition to promote sustainable and steady development [1]