Core Viewpoint - The "Yangtze River Journey: Embracing the Moon" cruise ship will leverage the "mother port economy" to enhance the integration of cultural and tourism resources along the Yangtze River and promote industrial collaboration [1] Group 1: Cruise Ship Overview - The "Yangtze River Journey: Embracing the Moon" measures approximately 150 meters in length and 23 meters in width, with a maximum capacity of 650 passengers and 259 guest rooms [3] - The cruise ship is developed by the Three Gorges Tourism Group in collaboration with Wuhan Yangtze Shipbuilding Design Institute and Germany's PSD Design Group, focusing on a design philosophy of "close to nature, spacious, bright, and comfortable" to meet high-quality demands for food, accommodation, transportation, entertainment, and leisure [3][5] Group 2: Environmental and Technological Features - The cruise ship features an energy-efficient design with a hybrid power system that combines fuel and battery power, enabling a range of 1,500 kilometers and achieving over 20% energy savings compared to similar-sized vessels [3][5] - It introduces Huawei's HarmonyOS smart home system to create a fully integrated smart cabin experience, allowing guests to control lighting, curtains, air conditioning, and smart locks through voice commands or touch panels [5] Group 3: Regional Tourism Development - Yichang, located at the junction of the upper and middle reaches of the Yangtze River, is rich in tourism resources, including the Three Gorges Dam and Xiling Gorge, and is actively promoting itself as a center for new energy cruise ship manufacturing and brand output [5]

Core Viewpoint - Three Gorges Tourism (002627.SZ) reported a revenue of 367 million yuan for the first half of 2025, marking a year-on-year increase of 7.47%, and a net profit attributable to shareholders of 63.62 million yuan, up 17.74% from the previous year [1] Group 1: Financial Performance - The company achieved a revenue of 367 million yuan, reflecting a year-on-year growth of 7.47% [1] - The net profit attributable to shareholders reached 63.62 million yuan, representing a year-on-year increase of 17.74% [1] - The non-recurring net profit was 58.39 million yuan, showing a growth of 19.00% year-on-year, marking a historical high for the half-year period [1] Group 2: Business Transformation and Strategy - Three Gorges Tourism has transitioned from its original business model to focus on the tourism sector, officially changing its name in 2021 and divesting from passenger car 4S and supply chain businesses in 2023 [1] - The company reported a revenue of 286 million yuan from its comprehensive tourism business, which is a 20.20% increase year-on-year [1] - The number of tourists served by the company's cruise products reached 1.2525 million, a 10.96% increase compared to the same period in 2024, achieving a new record [1] Group 3: Future Plans and Developments - The company aims to strengthen its tourism business by leveraging the advantages of its controlling shareholder and capital operations to integrate tourism resources in the "Two Dams and One Gorge" area [2] - Three Gorges Tourism is set to launch a new inter-provincial vacation cruise brand named "Yangtze River Cruise," with the first ship, "Yangtze River Cruise·Lan Yue," scheduled to begin operations in June 2026 [2] - The projected net profit for the new cruise project upon reaching full production is estimated to be around 100 million yuan, equivalent to creating another Three Gorges Tourism [2]

Core Viewpoint - The company, Three Gorges Tourism, reported significant growth in revenue and profit for the first half of 2025, driven by an increase in tourist reception and reasonable product pricing adjustments [2]. Financial Performance - The company achieved a revenue of 367 million yuan, representing a year-on-year increase of 7.47% [2]. - The net profit attributable to shareholders reached 63.62 million yuan, up 17.74% year-on-year [2]. - The non-recurring net profit was 58.39 million yuan, marking a 19.00% increase year-on-year, with the highest non-recurring net profit recorded in history [2]. Business Operations - The growth in performance is attributed to a steady increase in tourist reception and effective product pricing strategies [2]. - The tourism comprehensive business revenue reached 286 million yuan, reflecting a year-on-year growth of 20.20% [2]. - The company received a total of 1.2525 million tourists for its cruise products, a 10.96% increase compared to the same period in 2024, achieving a new record in visitor numbers [2]. Innovation and Development - The company has a first-mover advantage in the application of new energy vessels, with the "Yangtze Three Gorges 1" cruise ship being the world's largest commercial vessel with battery capacity and possessing independent intellectual property rights [2][3]. - Collaborating with leading domestic battery and ship power control system companies, the company is developing key technologies for large pure electric vessels [3]. - The company has completed upgrades for all port shore power, enhancing its competitive edge in the electrification of Yangtze River vessels [3]. Market Expansion - The company is accelerating its provincial cruise business, recently launching a new brand called "Yangtze Xing Cruise," with the first provincial cruise ship set to operate in June 2026 [3]. - The provincial cruise project plans to deploy four hybrid power new energy cruise ships, with the first two expected to operate on the classic luxury cruise route from Chongqing to Yichang [3]. - The project is projected to generate a net profit of approximately 100 million yuan upon reaching full production, equivalent to creating another Three Gorges Tourism [3].