New stock news | Large-scale landscape live performance "Impression Dahongpao" makes a sprint for the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on January 15, Impression Dahongpao Co., Ltd. (hereinafter referred to as Impression Co.) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CISI FIN as its exclusive sponsor. The prospectus shows that Impression Co. is a leading state-owned comprehensive cultural tourism service enterprise headquartered in Wuyishan, Fujian Province. As a signature IP of Wuyishan tourism, Impression Co. was listed on the New Third Board in 2017 and planned to list on the Beijing Stock Exchange. Recently, it changed its listing destination from "Mainland China" to the "Hong Kong" capital market, officially aiming for the Hong Kong Stock Exchange. According to Frost & Sullivan data, based on sales revenue generated by cultural and tourism performance programs, Impression Co. ranks eighth in the Chinese cultural and tourism performance market in 2023. The company's main focus is the signature performance "Impression Dahongpao" mountain and water live performance. According to Frost & Sullivan data, this performance is the first large-scale outdoor mountain and water live performance in Fujian Province. In 2023, Impression Co.'s signature performance ranks third in ticket sales revenue among all tourist mountain and water live performances in China, and ninth in all cultural tourism performances. As of January 8, Impression Co. has performed over 6200 times, attracting over 8.7 million audience members since its debut in 2010. As of the year ended December 31, 2022, 2023, and the nine months ended September 30, 2024, the company conducted a total of 355, 567, and 391 performances respectively. Financially, in the years 2022, 2023, and the nine months ended September 30, 2024, Impression Co. recorded revenues of approximately 63.039 million yuan, 144 million yuan, and 106 million yuan, respectively, and profits of approximately -2.599 million yuan, 47.504 million yuan, and 34.301 million yuan in the same periods.