This week’s view
On January 20, the State Council issued the “14th five year plan” for tourism development. The plan proposes that we should timely study and judge the situation of covid-19 pneumonia prevention and control outside China and the development and changes of the international environment, scientifically adjust the management measures for relevant personnel to come to China, and actively build a healthy, safe and orderly order of personnel exchanges between China and foreign countries on the premise of ensuring the safety of epidemic prevention. Timely launch the promotion action of inbound tourism, issue support policies for inbound tourism development, size up the situation and take effective measures to promote the high-quality development of inbound tourism. In the future, the tourism and hotel industry is expected to be moderately open while carrying out scientific epidemic prevention, and the inflection point of the industry is looming.
Market performance
The trading day of this week is 5 days. This week, the CSI 300 increased by 1.11% and the industry decreased by 1.29%.
Key company dynamics
Utour Group Co.Ltd(002707) : Utour Group Co.Ltd(002707) issued a supplementary correction announcement on the progress of the share repurchase and reduction plan. On January 15, 2022, the company disclosed the progress announcement on share repurchase and share reduction plan. After the post audit, due to the operational errors of the staff, the current reduction of share repurchase violated the relevant provisions of the guidelines for self discipline supervision of listed companies on Shenzhen Stock Exchange No. 9 – share repurchase. According to the company’s self-examination, the company entrusted the reduction of its holdings within half an hour before the closing on January 13, 2022, and a total of 50400 shares were sold, with an average transaction price of 6.34 yuan / share and a total transaction amount of 319536.00 yuan. In addition to the above trading time violations, other transactions of centralized bidding trading of the company’s reduction of repurchase shares comply with the relevant provisions of the guidelines for repurchase shares.
Xi’An Catering Co.Ltd(000721) : Xi’An Catering Co.Ltd(000721) issued an announcement on related party transactions signing house and equipment lease contracts with Xi’an restaurant. Xi’an restaurant, a subsidiary of the company, signed a house and equipment lease contract with Xi’an Bell Tower Hotel Co., Ltd. Xi’an restaurant renewed the business site, facilities and equipment of the bell tower hotel in the catering area of the bell tower hotel on South Street of Xi’an for catering services. The counterparty of this transaction is Bell Tower Hotel, which is a subsidiary of Xi’an Xilu Huiqun Trading Co., Ltd. Huiqun trading is a wholly-owned subsidiary of Xi’An Tourism Co.Ltd(000610) Group Co., Ltd., which holds 49% equity of Bell Tower Hotel. Huiqun commerce and trade belong to the same east west travel group as our company. This transaction constitutes a related party transaction of the company.
Risk tips
Covid-19 epidemic situation occurs repeatedly or worsens; The tightening of China’s winter epidemic prevention policy.
