Capacity to upgrade nearly twice times Lijiang Tourism Yulongxue Shan Ropeway is about to operate

Just completed the acquisition impression of tourism 51% shares of Lijiang Tourism (002033, closing price of 33.47 Yuan), logically became the "performing first share." But the grass ship borrowed arrows, only the east wind. Starting from April 1 this year, the company on the Yulongxue Shan Tourism Ropeway (hereinafter referred to as large ropeway) implementation of the main equipment renovation project, the market is well aware of once the big Ropeway technical renovation completed, to the passenger flow growth in the end what it means.　　To its disappointment, the company said late yesterday (November 5) that the big Ropeway would begin operation on December 1. According to the announcement, the current technical renovation project and Ropeway Emergency rescue equipment and infrastructure reconstruction project has been completed, and passed the state, Yunnan Province and Lijiang City related departments of acceptance. After the reconstruction of the large ropeway using a single line cycle off the hook 8 people hanging van Ropeway, Ropeway equipment selected Italian Leitner Company's complete sets of advanced technology.　　After the completion of the renovation, the tramway capacity will be increased from 420 to 1200 people per hour. In fact, as from the beginning of this year April 1, the company's major ropeway implementation of the main equipment renovation project, the first half of the hotel business losses, net profit also fell sharply. Period, the company net profit of 6.467 million yuan, plunged 71% year-on-year. The hotel business operating profit is 10.78 million yuan, the average hotel occupancy rate is less than 47%. In addition, as a result of the outage, the first half of the large Ropeway reception 115,900 visitors, the year-on-year decrease of 164,300 people, down 58.64%.　　Data show that the first half of the total number of ropeway transport accounted for 64% of the main income, gross margin is close to 89%. However, in the third quarter, the decline in performance has not changed much. The first 9 months of this year, Lijiang tourism to achieve a total net profit of 14.8 million yuan, down 62%;　　The company said that the large ropeway shutdown will reduce net profit by 42.5 million yuan this year, the annual net profit is expected to be lower than the same year 90%~100%. The reporter found that after the completion of the technical transformation of new capacity than in the past 1.9 times times. It is noteworthy that China Merchants Securities 23rd reported that the 2011 large Ropeway visitors are expected to receive 1.1 million passengers, up 358% year-on-year. At the same time, due to the large ropeway 160 yuan ticket fares have been maintained for nearly 8 years, and after the renovation, Ropeway comfort greatly increased, the possibility of higher ropeway price. It is estimated that if the actual fare increase of 25%, the whole year will increase net profit of 24.5 million, that is, thickening EPS0.19 yuan. In addition, 2011, Yulongxue Shan Ropeway reception will be greatly enhanced, and Spruce Ping Ropeway reception will be significantly reduced, three ropeway visitors will be the total number of tourists to increase. It is expected that the next two years, the company EPS will be 1 yuan, 1.12 yuan respectively.