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In addition, Tianmu Lake began to invest in the second phase of Yushui Hot Spring Hotel, Zhuxi Valley Hotel, in 2018. The hotel integrates landscape hot springs, cultural experience, ecological vacation, and health care. The proposed investment scale is 2.4. 100 million yuan is expected to be officially put into operation in December this year. The new hot spring project is positioned at a high level, and the original project is still generating revenue. The quality of the stock is the next development direction of Tianmu Lake.
Changbai Mountain chose to invest in movies.
Changbai Mountain achieved revenue of 385 million yuan in the first three quarters of 2019, a slight increase of 0.4% year-on-year; net profit of 82.129 million yuan, an increase of 6.59%.
Since October 1, 2018, the ticket price of Changbai Mountain Nature Reserve has dropped from 125 yuan per person to 105 yuan per person. Changbaishan said that the decline in fares will not have a material impact on the company’s performance. The reason is that the right to charge and the right to operate the tickets for Changbai Mountain Scenic Spot are held by the controlling shareholder and are not included in the listing.
Changbai Mountain announced that the company and the Chitose Film and Television signed the “Joint Investment Agreement if the Wind is Visible”. The total investment of the film is 60 million yuan, and the company has invested 6 million yuan to participate in the investment movie “If the wind can be seen” (provisional name), the capital contribution accounts for 10%. Changbai Mountain said that the foreign investment film is an attempt by the company to carry out the business of travel and tourism. The core purpose is to promote the tourism products of Changbai Mountain, which is mainly based on ice and snow tourism, to enhance the popularity and reputation of Changbai Mountain products.
Tibet tourism focuses on scenic area operations.
In the first three quarters of Tibet’s tourism revenue, it was 156 million yuan, a year-on-year increase of 5.66%, and a net profit of 21 million yuan, a year-on-year increase of 19.53%. The company said that the first three quarters of revenue increased, mainly because the company’s secondary consumption, cultural services and other business income increased compared with the same period last year.
The company has developed and put into operation the Yarlung Zangbo Grand Canyon, Benzri Mountain, Ba Songcuo (passenger, boat tour business) Lulang Huahai Ranch and Ali Shenshan and Shenghu Scenic Area, among which Ba Songcuo Scenic Area is a national 5A level scenic spot, Yalu Zangbo Grand Canyon Scenic Area and Ali Shenshan and Shenghu Scenic Area are carrying out 5A work.
Huaqiang Fangte achieved revenue of 4.17 billion yuan in the first three quarters, a year-on-year increase of 24.68%, and a net profit of 705 million yuan, a year-on-year increase of 13.04%. The company’s third quarter revenue of 1.676 billion yuan, an increase of 22.57%; net profit of 320 million yuan, an increase of 10.74%.
And, in May 2018, Huaqiang Fangte submitted the listing counseling materials to the Shenzhen Securities Regulatory Commission of the China Securities Regulatory Commission and was accepted. It is still in the listing process.
Other companies: balance development excellence
OCT is strictly a real estate development company, three