黄山旅游重磅公告：与黄山管委会签署东大门游客中心使用管理协议，构成关联交易
事件概述
黄山旅游发展股份有限公司（600054.SH，900942.B）于2026年5月22日公告，拟与黄山风景区管理委员会签署《黄山风景区东大门游客中心游客服务功能区域使用管理协议》。本次协议为期三年，涉及使用面积9,904.37平方米，年使用费用为397.77万元，并按实际使用面积分摊运维管理费。该交易构成关联交易，但不构成重大资产重组。
协议及交易详情
- 标的资产： 黄山风景区东大门游客中心游客服务功能区域。总建筑面积为35,453.1平方米，本次授权公司使用的区域为9,904.37平方米，主要包括票务、安检、咨询、讲解、寄存、特殊人群服务及公厕等。
- 费用结构：
- 使用费用：397.77万元/年，基于东大门游客中心的建设成本、预计使用年限、相关税费和资金成本，并按实际使用面积分摊测算。
- 运维管理费：包括安保、保洁、水电、消防、特种设备和智慧化设备等，按面积占比据实分摊，预计三年总费用不超过800万元/年，具体以实际结算为准。
- 履约安排：
- 协议期三年，费用按年支付，协议期满可续签。
- 公司不得将使用权转租、转包或以其他名义转让。
- 票务服务区域及配套区域相关成本费用纳入公司票房成本核算。
关联交易背景与关联方介绍
- 关联方： 黄山风景区管理委员会为公司控股股东黄山旅游集团有限公司的控制人，属于公司的关联法人。
- 资信状况： 黄山管委会资信良好，无重大未偿债务。
审议与决策程序
- 本次关联交易已通过公司独立董事会议审核，全体独立董事一致同意，关联董事回避表决。
- 审议程序合规，符合《上海证券交易所股票上市规则》及相关规定。
对公司的影响及投资者关注要点
- 战略意义： 协议有助于保障黄山风景区东大门顺利开放，优化进山游览动线，提升游客体验，支持公司主营业务发展。
- 财务影响： 相关费用已纳入公司正常经营成本，不会对公司财务状况和经营成果产生重大不利影响。
- 独立性与公允性： 交易定价公开、公平、公允，不存在利益输送，协议履行不会影响公司独立性。
- 可能影响股价的因素： 此次协议有助于公司持续深耕景区运营主业，或将提升游客服务水平和公司营收能力，是公司持续经营和业绩稳定增长的积极信号，可能对投资者信心及公司估值带来正面影响。
结论
本公告内容对公司经营具有积极意义，为公司主营业务发展和景区服务提升提供有力支撑，符合公司和全体股东利益，具备一定的业绩推动和估值提升潜力，值得投资者重点关注。
免责声明： 本文仅为公开信息整理与解读，不构成任何投资建议。投资者据此操作，风险自负。
English Version
Huangshan Tourism Signs Significant Usage Management Agreement with Huangshan Management Committee — Key Details for Investors
Event Overview
Huangshan Tourism Development Co., Ltd. (600054.SH, 900942.B) announced on May 22, 2026, that it will sign the “Usage Management Agreement for the Visitor Service Area of the East Gate Visitor Center of the Huangshan Scenic Area” with the Huangshan Scenic Area Management Committee. The agreement is valid for three years, covers 9,904.37 square meters, with an annual usage fee of RMB 3.9777 million, plus proportional O&M management fees. The transaction constitutes a related-party transaction but does not constitute a major asset restructuring.
Agreement and Transaction Details
- Subject Asset: The Visitor Service Area of the East Gate Visitor Center in Huangshan, with a total building area of 35,453.1 sqm, and the authorized area for the company is 9,904.37 sqm. It includes ticketing, security check, information, guide, luggage storage, special groups services, and public toilets.
- Fee Structure:
- Usage Fee: RMB 3.9777 million/year, based on the construction cost, estimated useful life, related taxes and funding costs, and apportioned according to actual area used.
- O&M Management Fee: Includes security, cleaning, utilities, fire safety, special equipment, and smart systems, apportioned by area. The total expected annual fee for three years does not exceed RMB 8 million, subject to actual settlement.
- Performance Arrangements:
- The agreement period is three years, with payment made annually. The agreement can be renewed upon expiration.
- The company cannot sublease, subcontract, or transfer any rights under any title.
- Ticketing service and related area costs are included in the company’s ticket sales cost accounting.
Background on Related-Party and Approval Process
- Related Party: The Huangshan Management Committee is the controlling party of the company’s controlling shareholder, Huangshan Tourism Group, thus a related legal entity.
- Credit Status: The Committee is creditworthy with no significant outstanding debts.
- The transaction has been reviewed and approved by the independent directors and the board, with related directors abstaining from voting. All procedures comply with regulatory requirements.
Impact on the Company and Key Points for Investors
- Strategic Significance: The agreement supports the smooth opening of the East Gate, optimizes tourist flow, enhances the visitor experience, and underpins the company’s core business.
- Financial Impact: The fees are included in routine operating costs and will not adversely impact the company’s financial position or results.
- Fairness and Independence: The transaction is priced openly and fairly, with no interest transfer and no impact on the company’s independence.
- Potential Price Sensitivity: This agreement enables the company to deepen its core scenic area operations, improve service quality, and potentially boost revenue, representing a positive sign for stable performance and growth. It may strengthen investor confidence and company valuation.
Conclusion
This announcement is positive for company operations, supports main business development and service quality enhancement, aligns with shareholder interests, and may provide performance and valuation upside. Investors should closely monitor this development.
Disclaimer: This article is for information and analysis only and does not constitute investment advice. Investors act at their own risk.
