Sitting on the "cash cow" such as Datang Sleepless City, the A-share tourism leader announced late at night: the chairman was retained

National Business Daily

2024-04-27 07:56Published on the official account of Sichuan Daily Economic News

On April 26, Qujiang Cultural Tourism announced that it had received the "Notice of Case Filing" and "Notice of Retention in Custody" issued by the Supervision Commission of Shangzhou District, Shangluo City, and placed the company's chairman Geng Lin in custody. According to the provisions of the Articles of Association, the company held the third meeting of the 10th board of directors on April 26, and the meeting agreed that Xie Xiaoning would perform the duties of the chairman of the company.

Qujiang Cultural Tourism also said that the company has a sound organizational structure and a standardized governance system, and has made proper arrangements for related matters. As of the disclosure date of this announcement, the production and operation order of the company and its subsidiaries is normal, and various businesses are progressing steadily.

According to public information, Geng Lin, born in July 1982, has a master's degree and is a member of the Communist Party of China. In August 2021, he was elected as the chairman of Qujiang Cultural Tourism.

According to the 2022 annual report of Qujiang Cultural Tourism, Geng Lin used to be the deputy general manager, executive deputy general manager and general manager of Xi'an Qujiang City Wall Tourism Development Co., Ltd., the general manager of Xi'an New Chinatown Management Co., Ltd., the director of the Datang Sleepless City Management Office of Xi'an Qujiang New Area, and the deputy general manager of Xi'an Qujiang Cultural Industry Investment (Group) Co., Ltd. He is currently the deputy general manager of Xi'an Qujiang Cultural Industry Investment (Group) Co., Ltd., the executive director, legal representative and general manager of Xi'an Qujiang Tourism Investment (Group) Co., Ltd., and the chairman of the company.

According to the official website of Qujiang Cultural Tourism, the company is a state-controlled listed company affiliated to Xi'an Qujiang Cultural Industry Investment (Group) Co., Ltd., a subsidiary of the Management Committee of Xi'an Qujiang New Area.

According to the data, the business scope of Qujiang cultural tourism covers the operation and management of cultural tourist attractions, planning, catering hotels, travel agencies, tourism commodity sales and sports projects as the core of the cultural tourism industry operation. The cultural tourism scenic spot business operated and managed by Qujiang Cultural Tourism mainly includes three national 5A-level scenic spots: "Xi'an Qujiang Big Wild Goose Pagoda • Tang Furong Garden", Xi'an City Wall Scenic Spot, Daming Palace National Heritage Park, Qujiang Ocean Polar Park, a national 4A-level scenic spot, Datang Buyecheng Pedestrian Street, a national tourism and leisure block, Duyi Ruins Park, Qin II Mausoleum Ruins Park, two national 3A-level scenic spots, Hanyao Ruins Park, Qujiangchi Ruins Park, Tang City Wall Ruins Park, Tang Ci'en Temple Ruins Park and other cultural tourism scenic spots. There are several eco-tourism scenic spots such as the "Three Rivers and One Mountain" Greenway, the Mipi Lake Water System Ecological and Cultural Tourism Zone, and many leisure scenic spots such as Youth Park, Dahua Community Park, and Huaying Community Park.

It is worth noting that in 2023, the domestic tourism market will usher in a strong recovery, and Xi'an will steadily rank on the hot search list of domestic tourism cities, becoming the "top stream" of Internet celebrity cities, and the income of the cultural and tourism industry will increase significantly. According to official data, in 2023, Xi'an will receive 278 million tourists and a total tourism revenue of 335 billion yuan, setting a new record high.

According to the announcement of Qujiang Cultural Tourism on the evening of April 24, the financial department has calculated again that the net profit attributable to the owners of the parent company in 2023 is expected to be about -195 million yuan, and the net profit attributable to the owners of the parent company after deducting non-recurring profits and losses is expected to be about -222 million yuan in 2023. The main reason for the correction of the performance forecast is that the company determined that the expected credit loss model of accounts receivable changed, and the bad debts increased by about 192 million yuan, resulting in the 2023 annual performance loss.

Previously, on January 30, Qujiang Cultural Tourism released a pre-profit announcement for its 2023 annual results. According to the announcement, it is expected that the company's annual net profit attributable to the parent company in 2023 will be about 17 million yuan to 23 million yuan, a year-on-year turnaround.

The announcement also said that the above corrected forecast data is only the preliminary accounting data after the company communicates and confirms with the certified public accountant, and the specific and accurate financial data is subject to the audited 2023 annual report officially disclosed by the company. Please pay attention to the investment risks.

On the same day as the downward revision, the Shanghai Stock Exchange issued a regulatory work letter on matters related to the correction of Qujiang Cultural Tourism's performance forecast, involving listed companies, directors, supervisors, senior managers, intermediaries and their related personnel.

On April 25, Qujiang Cultural Tourism opened at 12.06 yuan per share. On the 26th, Qujiang Cultural Tourism rose 1.41%, with a share price of 12.23 yuan and a total market value of 3.119 billion yuan.

On April 16, Qujiang Cultural Tourism announced that the company's board of directors received a written resignation from Gao Yan, secretary of the board of directors, on April 15, 2024. Gao Yan, secretary of the board of directors, applied for resignation as secretary of the board of directors of the company due to work changes. In accordance with the relevant provisions of the Company Law, the Articles of Association and other relevant provisions, the resignation report submitted by Gao Yan shall take effect from the date of delivery to the board of directors.

Editor|Sun Zhicheng Du Hengfeng

Proofreading|Liu Xiaoying

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