TIK(000917)2023-06-19 11:21Group 1: Company Strategy and Background - The company has established a "Cultural Tourism + Investment" strategy since 2020 to adjust its industrial structure and leverage Hunan's broadcasting advantages [2] - The combination of cultural tourism and investment businesses aims to ensure stable growth and reduce volatility across economic cycles [2] Group 2: Core Competitive Advantages - Unique IP resource advantage with the ability to create distinctive cultural tourism products that extend the value chain of Hunan broadcasting IP [3] - Strong promotional capabilities through traditional and new media platforms, significantly enhancing the visibility of various tourist attractions [3] Group 3: Cultural Tourism Business Development - The company employs a mixed approach of long-term and short-term projects, as well as light and heavy asset projects, to enhance market share [3] - New projects launched include the Mango Youth Pier and several cultural tourism initiatives across Hunan, with the Mango Youth Pier attracting over 1.2 million visitors in just three months [3][4] Group 4: Investment Business Performance - Dachen Capital manages nearly 50 billion RMB, having invested in over 730 companies, with 139 listed [4] - Recent fundraising successes include the Chuangtong Fund, which raised 5.041 billion RMB, and the Chuanghong Fund, which reached 6.944 billion RMB in 2021 [4] Group 5: Gaming Business Overview - Shanghai Jiuyou, a wholly-owned subsidiary, has a stable approach to game publishing, leveraging 20 years of industry experience [4] - Recent game releases include the "Gundam Evolution" and a new mobile game targeting female audiences, with plans for collaborations on interactive gaming products [5]