SANXIANG IMPRESSION(SZ:000863)2022-12-07 00:01Group 1: Cultural Sector Development - The cultural tourism sector is expected to accelerate, with profits potentially surpassing those from real estate in the coming years [1] - The asset restructuring of Guanyinxiang has been completed, with representatives from Yunfeng and IDG joining the board to assist in operations [1] - Adjustments will be made to the Guanyinxiang board, maintaining stability in the management team during the profit commitment period [1] Group 2: Project Updates - The "Impression West Lake" performance content will be restructured, with two directing teams for indoor and outdoor performances, allowing for more diverse experiences [1] - New projects such as "Jianghan Chaozong" in Wuhan will be launched, with ongoing negotiations for projects in Wuxi and Chengdu [1] - Some land parcels in the Yanjiao project have commenced construction, with partial pre-sales expected next year [3] Group 3: Real Estate and Cost Management - The company focuses on high-end residential properties, with renovation costs estimated at 4,000 to 5,000 RMB per square meter, utilizing imported materials [3] - The company plans to acquire land in Shanghai [3] Group 4: Talent Incentives - Long-term employee incentives will be considered for the Guanyinxiang team, with plans for stock incentives post-performance commitment period [2]