Jiangsu Tianmu Lake Tourism Co.,Ltd (China)

Jiangsu Tianmu Lake Tourism Co., Ltd. is a tourism company located in the Tianmu Lake Tourism Resort in Liyang City, Jiangsu Province. The company is primarily engaged in the development, management, and operation of tourist attractions. Its main business includes operating scenic areas, water theme parks, hot springs, hotels, and travel agencies. With a total asset of 976 million yuan, the company achieved an operating income of 214 million yuan from January to June 2017. The company started in 1992 with two 6-seat speedboats and gradually expanded by investing in scattered attractions and integrating them. In 2001, it launched its first lake-based boutique scenic area product, the national 4A-level Shanshuiyuan Scenic Area, which significantly increased customer flow and revenue. In 2003, after restructuring, the company began to develop and control the Nanshan Bamboo Sea Ecological Scenic Area, which was rated as a national 4A-level tourist area in 2006. This marked the company's entry into a phase of large-scale development. In 2009, the company introduced hot spring leisure vacation products, further enhancing its revenue and profit. The operation of the holiday hotel in 2010 led to a steady increase in operating income. In 2013, the Tianmu Lake Scenic Area in Changzhou City was rated as a 5A-level tourist attraction by the National Tourism Scenic Area Quality Grading Committee. With the opening of Nanshan Xiaozhai and the Water World Theme Park in 2014, the company further developed into a diversified tourism enterprise. The company has long been committed to practicing a one-stop tourism destination development model. By integrating its own resources and coordinating with external resources such as catering, hotels, and shopping in the Tianmu Lake area, it has formed a compound product, diversified market, and systematic service to create a tourism cluster effect. This has consolidated its position as the main body of tourism development in the Tianmu Lake area and greatly stimulated the local tourism economy. The company has been continuously recognized as a star enterprise by the Changzhou Municipal People's Government. In 2013, the Tianmu Lake Scenic Area, including Shanshuiyuan, Nanshan Bamboo Sea, and Yushui Hot Springs, was rated as a 5A-level tourist attraction by the National Tourism Scenic Area Quality Grading Committee. It was also recognized as a national ecological tourism demonstration area by the National Tourism Administration and the Ministry of Environmental Protection. In 2015, it was designated as a "national-level tourism resort" by the National Tourism Administration, making it one of the only two tourist attractions in China with all three qualifications. In May 2015, the company entered the counseling period for listing and successfully passed the on-site acceptance work of the Jiangsu Securities Regulatory Bureau in February 2016. After the acceptance, it submitted the listing application materials to the China Securities Regulatory Commission in February. In January 2017, the China Securities Regulatory Commission issued a notice of feedback on the administrative licensing project review opinions for the listing application materials. After multiple in-depth communications, the company participated in the 117th review meeting of the China Securities Regulatory Commission's main board issuance review committee organized on July 31, 2017. The final review result was approval. On September 8, 2017, Jiangsu Tianmu Lake Tourism Co., Ltd. obtained the approval of the China Securities Regulatory Commission for the application of the initial public offering of RMB ordinary shares (A shares) through the document [2017]1655. On September 27, 2017, the company successfully completed the listing ceremony and went public. The company's stock abbreviation is "Tianmu Lake" and its stock code is "603136".