LIJIANG TOURISM(SZ:002033)2022-12-03 09:52Group 1: Business Performance and Projections - The company's cable car business experienced its first decline in many years in 2017, but the decline has been lessening in 2018, with a specific growth potential being difficult to assess [1][2] - The proportion of visitors using the company's cable car exceeds 90% of all visitors entering the scenic area [2] - The company anticipates that the revenue from performance business will improve in 2018 due to enhanced marketing efforts and product innovation [4] Group 2: Project Developments - The Lugu Lake project is progressing, with the planning approved by the Yunnan Provincial Urban and Rural Planning Committee [2] - The Shangri-La Moonlight City project is advancing steadily, with over 65% of the hotel construction completed [3] - The company plans to complete the renovation of the Maoniuping cable car expansion project within 24 months, aiming to start construction by the end of 2018 and finish by 2020 [4] Group 3: Strategic Initiatives - The company is considering improvements to transportation into the scenic area, with local government plans for public transport and potential rail transit [2] - The company is expanding its boutique hotel services in various locations, including Lijiang and Shangri-La, to enhance service bases [5] - The company is focusing on developing high-end, personalized tourism products to meet the growing demand for customized travel experiences [4]