On December 20, the CSRC issued an announcement showing that the eighteenth issue and review committee will hold the 209th issue and review meeting in 2019 on December 26, 2019. Western Region Tourism Development Co., Ltd. (hereinafter referred to as "Western Region Tourism") It will be listed on the GEM of Shenzhen Stock Exchange.
It is reported that Western Region Tourism has applied for multiple IPOs. From 2004's first application to 2017, it experienced 3 IPO strandings. During this period, Western Region Tourism moved to the New Third Board in 2015; in addition, Western Region Tourism received the Securities Regulatory Commission on September 30, 2017 The acceptance of the IPO application has ushered in a turnaround, and the prospectus was pre-disclosed in April 2018, and it has been more than two years since the launch of the A-shares in December 2019.
The IPO has been running for 15 years, or the company's own conditions are immature. Nowadays, the Western Region Tourism has entered the capital market, but it is facing a predicament, but it is facing the predicament of freezing the assets of the company's two shareholders. Whether the meeting can go smoothly this time will be subject to the results disclosed by the China Securities Regulatory Commission tomorrow (December 26).
Some assets of the company and all assets of the second shareholder were frozen by judicial
Established in January 2001, Western Region Tourism mainly provides tourist services for tourists, mainly including tourist passenger transport, alpine ropeway sightseeing, boat sightseeing, hot spring entertainment, travel agencies, and cultural performing arts and other services. At present, the company's main business areas include the national AAAAA-level scenic spot in Xinjiang Tianshan Tianchi Scenic Area and the national AAA-level scenic spot in Wucaiwan Guhai Hot Spring Tourism Scenic Area.
The prospectus shows that as of the end of 2015-2017, the tourism revenue of the Western Region was 174 million yuan, 188 million yuan and 194 million yuan, respectively, year-on-year growth of 46.78%, 8.17%, and 3.28%; net profit attributable to owners of the parent company They were 27.0232 million yuan, 37.404 million yuan and 45.923 million yuan, respectively, with year-on-year growth of 215.52%, 38.4%, and 20.57%.
Among them, 90% of the company's revenue is from tourism passenger transportation (including shuttle buses, sightseeing cars, battery cars) business, ropeway business, cruise ship business and travel agency business. According to the prospectus, from 2015 to 2017, the revenue from tourist passenger transportation business was 96,509,600. Yuan, 116 million yuan and 124 million yuan, accounting for 56.97%, 63.62% and 65.13% of the main business revenue. Business revenue was significantly different.
According to Tian Eye Investigation, the controlling shareholder of Western Tourism is Tianchi Holdings, and the actual controller is Fukang State-owned Assets Supervision and Administration Bureau; the shareholders holding more than 5% of the shares are Xinjiang Tianchi Holdings Co., Ltd. ("Tianchi Holdings") and Xintian International Economic and Technical Cooperation (Group) Co., Ltd. (referred to as "Xintian International") holds 51% and 33.17% of shares respectively.