Tanzhe Temple, two thousand-year-old temples in the west of Beijing that have been competing for many years、The delisting of Jietai Temple has finally been settled。Days ago，Beijing Cultural Announcement，The company's board of directors reviewed and approved the "About Signing<Tanzhe Temple、Jie Tai Temple、Miaofengshan Handover Agreement>’s motion》，will include Tanzhe Temple Scenic Area、All assets of the four target companies including Jietai Temple Scenic Area、Personnel etc. will be transferred to the Beijing Mentougou District Culture and Tourism Bureau or a designated third party，The transfer price of all assets is 24 million yuan。

"Securities Daily" reporter learned，After this transfer is completed，Beijing Culture will divest all traditional scenic spot assets。This transaction is expected to result in a decrease of 35 million yuan in pre-tax profit of Beijing Culture in 2019。Beijing cultural department told reporters，“Two temples and one mountain” (Tanzhe Temple、The asset transfer of Jietai Temple and Miaofeng Mountain is the natural expiration of the contract management rights and the fulfillment of the agreement，At present, the company has fully transformed into the film and television culture industry，The divestiture of the four target companies will not cause changes in the main business。

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According to announcement，The subject of this transfer includes the Tanzhe Temple Scenic Area previously managed by Beijing Culture、Jie Tai Temple Scenic Area、Miaofeng Mountain Scenic Area and Jiafu Guest House Hotel, a wholly-owned subsidiary of the company。According to the agreement 188bet online sports betting between Beijing Culture and Beijing Mentougou District Culture and Tourism Bureau on Tan、Agreement on matters related to the delisting of Jie Liang Temple，Agreed from June 1, 2019，Tanzhe Temple is fully managed by Beijing Mentougou District Culture and Tourism Bureau、Jie Tai Temple、Miaofeng Mountain。

Data display，Tanzhe Temple and Jietai Temple are two Buddhist temples with thousands of years of history located in Mentougou District, the western suburbs of Beijing，Both are national key cultural relics protection units。Back in 1998，“Two Mountains and Two Temples” (Tanzhe Temple、Jie Tai Temple、Miaofeng Mountain、Lingshan) and Longquan Hotel were used as a bundle of tourism resources to inject Beijing culture into the predecessor of Beijing West Tourism，Achieved listing。According to the agreement at the time，Beijing Culture’s contract operation period for “Two Mountains and Two Temples” starts from June 1, 1994 to May 31, 2019，Total 25 years。

However，October 2012，The State Administration of Religious Affairs, together with ten ministries and commissions including the United Front Work Department of the Central Committee of the Communist Party of China, jointly formulated and issued the "About Handling Buddhist Temples"、Opinions on issues related to the management of Taoist temples》，Requiring localities not to list religious venues as corporate assets，Tan, Mentougou District、Jieliang Temple is included in the delisted scenic spots。

In fact，The delisting of Tanzhe Temple and Jietai Temple has been planned for a long time。Back in 2007，Mentougou District once proposed，Tanzhe Temple、The operating rights of Jietai Temple will be taken back by the local government from the listed company within 4 years，Plan to replace pool with other assets、The operating rights of Jie Er Temple，Make it withdraw from the listed company。

Until July 2015，Mentougou District has just officially launched the delisting work of the two temples，Require 188bet online sports betting Beijing Culture to fully complete the delisting of the two temples before June 30, 2016。This once triggered a cultural game between Mentougou District and Beijing。Beijing Culture announced in June 2016，If the Beijing cultural dialogue is terminated in advance、Contracted management rights of Jieliang Temple Scenic Area，Please Mentougou District strictly abide by the original "Contracting Agreement" and "Supplementary Agreement"，Execute in accordance with the procedures and terms agreed by the parties。Both parties finally reached an agreement，Tan from July 1, 2016 to May 31, 2019、Jie Scenic Area Transitional Management Period，From June 1, 2019，The assets of the two temples are handed over to the Mentougou District Tourism Committee，It is independently operated and managed by the District Tourism Committee。

"Securities Daily" reporter noticed，Only the Tanzhe Temple Scenic Area of ​​the "Two Temples and One Mountain" transferred this time is still profitable，Net profit in 2018 was 20.47 million yuan，Jietai Temple and Miaofeng Mountain Scenic Area suffered losses of 15.56 million yuan and 2.56 million yuan respectively in 2018。

In fact，There has been constant controversy over the listing of religious venues。In 2018, Putuo Mountain, one of the four famous Buddhist mountains, submitted an application for listing, triggering heated discussions in the society about the commercialization of Buddhism，Putuoshan finally withdrew its listing application。

"In recent years，Religion、Cultural protection units are indeed exploring practice in withdrawing from operating companies，Public welfare assets are national assets，And should not be used as corporate assets for profit making，It is also necessary to divest from operating enterprises。This time Beijing Culture returns the management rights of several scenic spots, which also means stripping away the attributes of public welfare assets，There may be more companies doing this in the future。188bet online sports betting " Yang Yanfeng, associate researcher at the China Tourism Academy, told a reporter from Securities Daily。

Transforming the film and television culture industry

According to the reporter from Securities Daily，Previously 2016，Beijing Culture has returned the operating rights of Lingshan Scenic Area to Mentougou District，And transferred related assets for 27.53 million yuan。Return to Tanzhe Temple this time、Jie Tai Temple、After the management rights and related assets of Miaofeng Mountain，Beijing Culture’s traditional scenic spot assets have all been divested。

“The company has currently transformed into the film and television culture industry，This time, according to the requirements of the government department, the management rights of the scenic spot are returned and all assets are transferred，It is helpful for the company to improve management efficiency，Saving costs，Reduce business risks。”Beijing Culture stated in the announcement，The company will rely on the existing team，Combining the company’s brand and traffic advantages in the field of film and television culture，Actively try and expand in the direction of tourism culture that is deeply integrated with the film and television business，Thus further improving the company's profitability，Enhance the company’s industry competitiveness。

Beijing Culture has started its transformation into the film and television entertainment industry since 2013，Large-scale acquisitions were subsequently launched in the capital market，Acquired Ferris Wheel Culture Media one after another、Century Partner Culture Media、Galaxy Culture Agency and other film and television companies。April 2016，Century Partner and Galaxy Culture are officially merged，Beijing culture officially transforms into film and television industry，Once created "Wolf Warrior 2"、"I am not the god of medicine"、"The Wandering Earth" and other popular films。

"Strategic adjustment at that time，To a certain extent, it is indeed considered 188bet app that the "Two Mountains and Two Temples" will expire in 2019，Preparatory transformation for a rainy day。"Beijing cultural department told the reporter of Securities Daily，At present, the company has fully transformed into the film and television industry，The proportion of the overall revenue of traditional scenic spots is already very low。The divestiture of the "Two Temples and One Mountain" assets will not have a major impact on the main business，The short-term impact is that the pre-tax profit in 2019 will decrease by 35 million yuan。The company’s original travel team is still there，Tourism and culture-related businesses may continue to develop in the future。

October 2019，Beijing Cultural Announcement，To be used as 8.400 million yuan to acquire 100% equity of Beijing Oriental Landscape Resort Co., Ltd.，Will acquire North 18 of Gelaoyu Village, Mujiayu Town, Miyun District, Beijing, owned by Oriental Landscape.State-owned land use rights of 720,000 square meters，This move once triggered speculation about Beijing’s cultural intention to enter the tourism industry again。

Beijing Cultural Expression，The company will build Miyun International Film Culture and Tourism Town in Miyun District, Beijing，Mainly through Beijing Cultural Film IP，Create a business district focusing on film and television themes + a cultural tourism town with hotels as the core，With supporting photo studio、City of the Gods、Multi-function Cinema、Parent-child theme park、Celebrity Dining District、Theme hotels and other facilities，Realizing the company’s business extension and industrial chain layout。

*Source of this article: Securities Daily, Author: Xiang Yantao,Original labelTitle: ""Two temples and one mountain" delisted, Beijing culture comprehensively transformed the film and television entertainment industry》.