SANXIANG IMPRESSION(SZ:000863)2022-12-06 11:28Group 1: Acquisition and Financial Aspects - The acquisition price for "Guanyinxiang" is 1.9 billion, with a valuation of 1.667 billion, indicating a high market price for the cultural industry [1] - The commitment period for "Guanyinxiang" has been extended to 4 years, with 3 million shares reserved for equity incentives [1] - The company plans to improve existing projects and seek new domestic projects under the "Guanyinxiang" brand after the acquisition [2] Group 2: Strategic Development and Collaboration - The collaboration between "Guanyinxiang" and the real estate sector is expected to enhance local real estate values, with some projects seeing over tenfold increases [2] - The company aims to balance its business structure between real estate and cultural industries, targeting equal profit contributions from both sectors in the future [2] - The management team will focus on strategic planning, resource allocation, and risk control post-acquisition, with 2-3 personnel assigned for oversight [3] Group 3: Project and Market Insights - New projects will include at least 1-2 public performances annually, with a focus on indoor performances due to seasonal considerations [2] - The company is exploring overseas projects to meet the growing demand for cultural consumption among Chinese consumers [3] - The main competitors for "Guanyinxiang" include smaller companies like Songcheng Performing Arts [3] Group 4: Operational and Financial Management - The company plans to enhance cooperation with travel agencies to improve audience reach for performances [4] - The cost of funds is expected to decrease following the completion of bond issuance [4] - The company is focusing on first-tier cities for future real estate development [4]