证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-048 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 第九届董事会第十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 黄山旅游发展股份有限公司（以下简称"公司"）第九届董事会第十七次会 议通知于 2025 年 12 月 2 日以书面送达、传真或者电子邮件等方式发出，会议于 2025 年 12 月 5 日以通讯表决方式召开。本次会议应出席董事 9 名，实际出席董 事 9 名。本次会议由公司董事长章德辉先生召集并主持。本次会议的召开符合《公 司法》和《公司章程》的有关规定。本次会议审议情况如下： 一、审议通过了《关于取消监事会及修订<公司章程>的议案》； 表决结果：同意 9 票，反对 0 票，弃权 0 票。 为进一步完善公司治理体系，提升公司规范运作水平，根据有关法律法规、 规范性文件的规定，结合公司实际情况，会议同意公司取消监事会和监事，由董 事会审计委员会行使《公司法》规定的监事会的职权，《监事会议事规则》相应 废 ...

Group 1 - The major shareholder is currently developing the East Gate project of Huangshan Scenic Area, and the company has not yet been involved in this project [2] - The operation of the East Gate cableway project is expected to enrich the route offerings of Huangshan Scenic Area, positively impacting its operations [2]

Core Viewpoint - The article discusses the increasing trend of A-share listed companies providing physical rewards to shareholders, supplementing cash dividends to enhance shareholder satisfaction [1][2]. Summary by Sections Shareholder Reward Activities - Companies are increasingly engaging in activities to reward shareholders with physical gifts alongside cash dividends [1][2]. - Emei Mountain A offers free admission to its scenic area for shareholders holding 500 shares or more, leading to a stock price surge [2]. Specific Company Activities - **Qianwei Yangchu**: From December 2 to 16, 2025, shareholders holding 100 shares or more can receive a product gift package valued at 200 yuan, while corporate shareholders can receive three packages [5]. - **Wokanshan**: Announced on November 28 that individual and corporate shareholders with 500 shares or more can enjoy free admission to Emei Mountain and discounts at related hotels [7]. - **Huangshan Tourism**: From November 22 to 30, eligible shareholders or their representatives can access free admission to three major scenic spots [9]. - **Yingyu Te**: On November 17, launched a "Shareholder Festival" with prizes including an iPhone 17 Pro Max and a DJI Mini 4K drone [11]. - **Renyuan Cultural Tourism**: From November 13 to December 31, offers free services and accommodation discounts at various scenic spots for eligible shareholders [13]. - **Shuiyang Co.**: In July, provided a gift box valued at approximately 2,740 yuan to shareholders holding 5,000 shares or more [15]. - **Tianyu Biology**: In October, rewarded shareholders with products such as red yeast rice wine and capsules [17]. - **Beiqingsong**: In October, offered scalp massagers and other wellness products to shareholders [19]. - **Wuwanxin**: In May, distributed "Fengnian Wufang" rice dumpling gift boxes to shareholders [21]. - **Quanjude**: In May, provided a 50% discount card for self-operated products to shareholders [23]. - **Changhong Meiling**: In May, launched a discount purchase event for home appliances, with some products available at 50% off [25].

Core Viewpoint - Many scenic spots in China are implementing free admission policies for shareholders and even all visitors to address declining profits and reliance on single ticket revenue, aiming to boost secondary consumption and diversify income sources [4][6][8]. Group 1: Free Admission Policies - Emei Mountain A (000888.SZ) announced a shareholder reward program from December 1, 2025, to January 31, 2026, allowing eligible shareholders to enter the scenic area for free, with accompanying family members receiving a 50% discount on adult tickets [4]. - Huangshan Tourism (600054.SH) also offered free admission to eligible shareholders from November 22 to November 30, 2025, for its scenic areas [4]. - Other scenic spots, such as Lingyin Feilai Peak and Chaka Salt Lake, are providing free admission to all visitors starting December 1, 2025, to attract more tourists [5]. Group 2: Financial Performance - Emei Mountain A reported a revenue of approximately 733 million yuan for the first three quarters, a year-on-year decrease of 9.06%, with a net profit of about 234 million yuan, down 3.98% [7]. - Huangshan Tourism's third-quarter revenue was 595 million yuan, a year-on-year increase of 3.05%, but its total profit decreased by 13.65%, with a net profit decline of 17.17% [7]. - For the first three quarters, Huangshan Tourism's revenue was 1.535 billion yuan, up 8.75%, but its net profit fell by 11.02% [7]. Group 3: Shift in Revenue Strategy - The tourism industry traditionally relies heavily on ticket sales, which are subject to seasonal fluctuations, leading to income instability [8]. - By eliminating ticket barriers, scenic spots aim to increase visitor numbers, thereby enhancing secondary consumption in areas such as dining, accommodation, and shopping [8]. - The strategy of offering free admission is seen as a way to improve revenue diversification and strengthen shareholder loyalty, potentially attracting new investors [8].

Core Viewpoint - Several scenic spots have recently implemented free admission policies to lower entry barriers for tourists and stimulate secondary consumption [1][4]. Group 1: Scenic Spots Implementing Free Admission - Emei Mountain A (000888.SZ) announced a shareholder reward activity from December 1, 2025, to January 31, 2026, allowing eligible shareholders to enter the scenic area for free [2]. - Huangshan Tourism (600054.SH) will offer free admission to eligible shareholders from November 22 to November 30, 2025, at various scenic areas [2]. - Lingyin Feilai Peak and Chaka Salt Lake have also announced free admission policies for all visitors starting December 1, 2025 [3]. Group 2: Reasons Behind Free Admission Policies - The implementation of free admission is driven by declining profits and a reliance on a single revenue model from ticket sales [4][5]. - Emei Mountain A reported a revenue of approximately 733 million yuan for the first three quarters, a decrease of 9.06% year-on-year, and a net profit of about 234 million yuan, down 3.98% [4]. - Huangshan Tourism's third-quarter revenue was 595 million yuan, a year-on-year increase of 3.05%, but its net profit decreased by 17.17% [4]. Group 3: Shift Towards Secondary Consumption - The tourism industry has traditionally relied heavily on ticket sales, making it vulnerable to seasonal fluctuations [5]. - By eliminating ticket fees, scenic spots aim to attract more visitors, leading to increased secondary consumption in areas such as dining, accommodation, and shopping [5]. - The success of free admission policies in places like Tianya Haijiao and Luhuitou has demonstrated the potential for boosting local economies through increased secondary spending [5].

Group 1 - The A-share tourism sector has strengthened, with Emei Mountain A hitting the daily limit, and Jiuhua Tourism rising over 3% [1] - Other companies such as Yunnan Tourism and Huangshan Tourism also experienced gains [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-045 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 第九届董事会第十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 黄山旅游发展股份有限公司（以下简称"公司"）第九届董事会第十六次会议通知于2025年11月25日以书 面送达、传真或者电子邮件等方式发出，会议于2025年11月28日以通讯表决方式召开。本次会议应出席 董事9名，实际出席董事9名。本次会议由公司董事长章德辉先生召集并主持。本次会议的召开符合《公 司法》和《公司章程》的有关规定。本次会议审议情况如下： 一、审议通过了《关于承租黄山风景区温泉游览区部分资产暨关联交易的议案》。 表决结果：同意6票，反对0票，弃权0票。 同意公司向黄山旅游集团有限公司承租黄山风景区温泉游览区部分资产及地下热水（温泉）资源有偿使 用，租赁期限自协议生效日起10年，租赁价款为127,395,860元。 本议案为关联交易，公司关联 ...

Key Points - Guizhou Moutai elected Chen Hua as the chairman of the fourth board of directors and plans to repurchase shares between RMB 1.5 billion and RMB 3 billion [1] - Tianfeng Securities is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure and illegal financing [1] Share Buybacks - Demai Technology raised the upper limit for share repurchase to RMB 45 per share [5] - Jianbang Technology plans to repurchase shares worth between RMB 15 million and RMB 30 million [5] - Huayuan Holdings intends to repurchase shares worth between RMB 30 million and RMB 60 million [5] Major Investments - Jinling Pharmaceutical plans to invest RMB 893 million in hospital expansion projects [7] - Dongfang Mingzhu intends to invest approximately RMB 500 million to establish a partnership and acquire part of the equity of New H3C [7] - Chang'an Automobile aims to establish a robotics company to develop innovative products and solutions [7] Mergers and Acquisitions - Kaizhong Co. plans to acquire 60% of Anhui Tuosheng's equity, with stock resuming trading on December 1 [7] - Youa Co. has resumed the review process for issuing shares and cash to purchase assets [7] - Jiasheng Technology intends to acquire controlling interest in Shudun Information Technology Co., with stock continuing to be suspended [7] Financing Activities - Shenzhen Energy plans to apply for a public bond issuance with a total scale not exceeding RMB 20 billion [7] - Huakong Saige has terminated its specific object stock issuance [7]

（文章来源：证券日报） 证券日报网讯 11月28日晚间，黄山旅游发布公告称，公司于2025年11月28日召开第九届董事会第十六 次会议，审议通过了《关于承租黄山风景区温泉游览区部分资产暨关联交易的议案》，同意公司向黄山 旅游集团承租黄山风景区温泉游览区部分资产及地下热水（温泉）资源有偿使用，租赁期限自协议生效 日起10年，租赁价款为127，395，860元，资金来源为自有或自筹资金，并同意签署相关协议。本次交 易已经公司董事会独立董事专门会议审议通过。根据本次交易安排，公司与黄山旅游集团于2025年11月 28日签署了《黄山风景区温泉游览区部分资产转租及地下热水（温泉）资源有偿使用合同》。黄山旅游 集团为本公司的控股股东，黄山旅游集团为公司的关联法人，本次交易构成关联交易。 ...

Group 1 - Jianbang Co., Ltd. plans to repurchase shares using self-owned funds between 15 million and 30 million yuan, with a maximum price of 38 yuan per share [1] - Yatong Precision Engineering's investment in a private equity fund has been terminated due to failure to complete the agreed investment, leading to the fund's dissolution [1] - China Storage Co., Ltd. intends to invest 1.129 billion yuan in the Sanjiang Port project, with its wholly-owned subsidiary contributing 500 million yuan to establish a project company [2] Group 2 - Guangxin Co., Ltd. plans to inject assets worth 4.383 billion yuan into its wholly-owned subsidiary, increasing its registered capital from 10 million to 20 million yuan [3] - Jiangxin Home plans to use up to 3 billion yuan of idle self-owned funds for cash management in low-risk financial products [4] - Huangshan Tourism intends to lease part of the Huangshan scenic area for 1.27 billion yuan over a 10-year period [5] Group 3 - Jilin Expressway's general manager has resigned due to work adjustments [6] - Guoyao Modern's subsidiary has received a drug registration certificate for hydromorphone hydrochloride injection, suitable for pain management [8] - Hangya Technology plans to invest up to 70 million USD to establish subsidiaries in Singapore and Malaysia [10] Group 4 - ST Sailong's subsidiary has received approval for the listing of two chemical raw materials [11] - Shanghai Pharmaceuticals' tramadol hydrochloride injection has passed the consistency evaluation for generic drugs [12] - Yubang Electric has obtained a laboratory accreditation certificate from CNAS, indicating its testing capabilities [14] Group 5 - ST Lifang's stock will be subject to delisting risk warning starting December 1 due to administrative penalties [15] - Zhejiang Longsheng is investing 200 million yuan in a private equity partnership focused on high-potential enterprises [15] - Huayang Co., Ltd.'s subsidiary has obtained safety production permits, allowing it to commence production [16] Group 6 - Xujie Electric has won a bid for a State Grid project worth 1.518 billion yuan [17] - Pinggao Electric and its subsidiaries have collectively won a State Grid project worth approximately 773 million yuan [17] - ST Lanhua's subsidiary has entered the trial production phase for a juice beverage project with a total investment of up to 65 million yuan [18] Group 7 - Huakong Saige has terminated its stock issuance plan due to various considerations [19] - Yatong Co., Ltd. plans to invest 36 million yuan to establish a joint venture in renewable energy [20] - Warner Pharmaceuticals has received a drug registration certificate for a new inhalation solution for COPD patients [21] Group 8 - Demais has raised the upper limit for its share repurchase price to 45 yuan per share [22] - China West Electric's subsidiaries have collectively won a State Grid procurement project worth approximately 2.98 billion yuan [22] - Changan Automobile's joint venture has submitted a listing application to the Hong Kong Stock Exchange [23] Group 9 - Yinlun Co., Ltd. plans to invest approximately 133 million yuan to acquire a controlling stake in Shenzhen Deep Blue Electronics [24] - Zhongfu Information intends to increase its wholly-owned subsidiary's capital by 380 million yuan [24] - Financial Street's major shareholder has reduced its stake by 0.25% [25] Group 10 - Audiwei has formally submitted an application for H-share listing [26] - Zhongcai Technology's private placement application has been accepted by the Shenzhen Stock Exchange [27] - Haowei Group's subsidiary plans to invest 200 million yuan in a private equity fund focused on semiconductor investments [28] Group 11 - Jinkai New Energy is planning to transfer 51% of its subsidiary's equity to introduce strategic investors [31] - Huafeng Technology has reduced its fundraising target for a private placement to no more than 972 million yuan [32] - Mindray Medical's chairman plans to increase his stake in the company by 200 million yuan [33] Group 12 - Zhongman Petroleum's shareholders plan to reduce their holdings by up to 3% [35] - Innovation New Materials' shareholder intends to reduce their stake by up to 1% [37] - Guangdong Construction has signed a framework agreement to establish a quality testing base in Linzhi Economic Development Zone [39]