LN Holdings(SZ:000524)2023-06-09 09:41Group 1: Business Overview - The main business segments of Guangzhou Lingnan Group include business travel, accommodation, exhibitions, scenic areas, and automotive services, forming a complete tourism industry chain [1][2]. - Guangzhou Lingshan International Travel Agency, a subsidiary, is a leading player in the domestic travel agency industry, focusing on domestic, outbound, and inbound tourism, as well as tourism e-commerce [1][2]. Group 2: Accommodation Business - Lingnan Hotels, managed by Guangzhou Lingnan International Hotel Management Co., is a leading accommodation brand in China, focusing on hotel management and operations [2]. - The flagship property, Guangzhou Garden Hotel, is one of the first platinum five-star hotels in China and has been recognized as a model for civilized tourism [2]. Group 3: Exhibition and Scenic Area Business - The exhibition and scenic area business is a strategic growth area, leveraging strong venue resources and integrated operational capabilities [2]. - The company has successfully organized various exhibitions, including the Guangdong International Tourism Industry Expo and the Cantonese Culture Carnival, and has developed a comprehensive tourism service product system [2]. Group 4: Automotive Services - The automotive service business, operated by Guangzhou Dongfang Automobile Co., focuses on taxi and business rental services, catering to high-end corporate clients [3]. - The company also operates a travel bus service, expanding into the commuter and rental markets [3]. Group 5: Recovery and Future Outlook - Following the resumption of outbound group travel, the company has actively promoted related products and services, successfully organizing trips to various international destinations [4][5]. - The hotel management business has shown strong recovery, with revenues in Q1 2023 exceeding those of the same period in 2019, indicating a robust rebound in the hospitality sector [4]. - The tourism economy is expected to show a "steady opening and rapid recovery" trend in 2023, driven by various travel demands [4].