Core Insights - The tourism and scenic spots sector increased by 0.46% on November 28, with Caesar Travel leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Sector Performance - Caesar Travel (Code: 000796) closed at 6.93, up 3.74% with a trading volume of 992,900 shares and a transaction value of 676 million yuan [1] - Other notable performers included: - Three Gorges Tourism (Code: 002627) at 6.52, up 2.19% [1] - SanTe Cableway (Code: 002159) at 15.58, up 1.50% [1] - Western Region Tourism (Code: 300859) at 36.16, up 1.49% [1] - Tianfu Cultural Tourism (Code: 000558) at 5.91, up 1.37% [1] Decliners - Yunnan Tourism (Code: 002059) closed at 5.64, down 2.42% with a trading volume of 593,000 shares and a transaction value of 331 million yuan [2] - Other notable decliners included: - Xi'an Tourism (Code: 000610) at 12.46, down 2.35% [2] - Qujiang Cultural Tourism (Code: 600706) at 10.91, down 1.45% [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 57.08 million yuan from main funds, with retail investors contributing a net inflow of 101 million yuan [2]

截至发稿，黄山旅游市值为82亿元。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 曾健辉） 每经AI快讯，黄山旅游（SH 600054，收盘价：11.2元）11月28日晚间发布公告称，公司第九届第十六 次董事会会议于2025年11月28日以通讯表决方式召开。会议审议了《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》等文件。 2025年1至6月份，黄山旅游的营业收入构成为：客运索道业占比37.86%，旅游服务业占比24.85%，酒 店业占比22.23%，景区业务占比14.65%，徽菜业务占比13.88%。 ...

人民财讯11月28日电，黄山旅游（600054）11月28日公告，公司拟向控股股东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1.27亿元。 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-047 900942(Ｂ股) 黄山Ｂ股(Ｂ股) ● 本次交易构成关联交易，不构成《上市公司重大资产重组管理办法》规定 的重大资产重组。 ● 至本次关联交易为止，过去 12 个月内公司与同一关联人进行的交易（不 含本次交易和日常关联交易）累计 1 次，金额为 60 万元；过去 12 个月内公司与 不同关联人进行的相同交易类别下标的相关的交易（不含本次交易和日常关联交 易）金额为 0 元。 ● 风险提示：本次交易涉及后续规划、投资、建设和运营等环节，受经济环 境、宏观政策、行业发展、景区规划以及经营管理等多方面不确定性因素的影响， 本次交易可能存在不达预期的风险。 一、关联交易概述 1、黄山旅游集团有限公司（以下简称"黄山旅游集团"）通过公开竞租方式， 自 2025 年 1 月 1 日起，向黄山风景区管理委员会（以下简称"黄山管委会"）及 其全资子公司黄山鸣泉文化旅游发展有限公司（以下简称"鸣泉公司"，同时作 为黄山管委会该出租事项的委托管理方）承租黄山风景区温泉游览区部分资产及 黄山旅游发展股份有限公司 关于承租黄山风景区温泉游览区部分 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-046 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 第九届监事会第十一次会议决议公告 本公司监事会及全体监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"）第九届监事会第十一次会 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。本次会议应出席监事 3 名，实际出 席监事 3 名。本次会议由公司监事会主席方卫东先生召集并主持。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 3 票，反对 0 票，弃权 0 票。 监事会认为：本次公司拟向黄山旅游集团有限公司承租黄山风景区温泉游览 区部分资产暨关联交易事项，可以充分挖掘黄山温泉资源，通过项目打造，有利 于进一步丰富公司旅游产品业态，推动山上山下联动发 ...

具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《黄 山旅游发展股份有限公司关于承租黄山风景区温泉游览区部分资产暨关联交易 的公告》（公告编号：2025-047）。 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，公司关联董事章德辉、秦国元、胡彩宝回避了表决。本 议案已经公司董事会独立董事专门会议审议通过。 证券代码：600054(Ａ ...

格隆汇11月28日丨黄山旅游(600054.SH)公布，公司拟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1.27亿 元。 ...

Global Tourism Development Trends - The tourism industry is expected to grow at a rate higher than economic growth, driven by international leisure travel and long-distance trips [2] - Factors contributing to this trend include enhanced air connectivity and relaxed visa policies [2] - From 2024 to 2025, the share of the U.S. in global international leisure travel is projected to decrease from 8% to 7% [2] Regional Tourism Insights - **Netherlands**: Amsterdam Schiphol Airport saw approximately 6 million passengers in October, a 3% increase compared to the previous year, indicating healthy inbound tourism demand [3] - **Germany**: Significant recovery in the tourism market with a 20% increase in German tourists visiting Cyprus in October 2025 [4] - **Australia**: The tourism market showed positive growth, with major cultural and sports events attracting international visitors [6] - **Singapore**: Welcomed 14.3 million visitors in the first ten months of the year, a 3% increase year-on-year, driven by major events [7] - **Vietnam**: Received 1.73 million international visitors in October 2025, a 22.1% year-on-year increase, with a total of nearly 17.2 million visitors in the first ten months [8] - **China**: Domestic travel during the National Day and Mid-Autumn Festival saw 888 million trips, with total spending reaching 809 billion yuan, a significant increase from the previous year [9] Corporate Developments - **Personnel Changes**: Five tourism companies experienced significant personnel changes in October, including the resignation of Xi'an Tourism's board member [11] - **Investment and Equity Changes**: 32 tourism companies reported investment and equity changes, including ST United's sale of a 100% stake in Jiangxi Guogui Cultural Tourism Development [15][16] Key Project Signings and Developments - A total of 222 key tourism projects were signed in October, including the opening of two ski resorts in Xinjiang and the construction of a high-end tourism resort in Zhangjiajie [21][22] - China’s first surfing-themed resort is set to open in Hainan, enhancing the region's tourism offerings [23] - Major investments include a 20 billion yuan resort project in Guangdong and an 8.5 billion yuan project in Changbai Mountain [25][26] Industry Performance Metrics - The media and new media indices for tourism companies showed slight increases, with a focus on personnel changes and project developments [39] - The investor confidence index remained stable, reflecting ongoing project signings and developments in the tourism sector [40]

Core Viewpoint - The tourism and scenic spots sector experienced a rise of 1.32% on November 24, with Tianfu Culture and Tourism leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] - Key stocks in the tourism sector showed significant increases, with Tianfu Culture and Tourism rising by 4.55% to a closing price of 5.51 [1] Group 2: Stock Performance - Notable performers included: - Tianfu Culture and Tourism (000558): 5.51, +4.55%, 844,600 shares traded, 463 million yuan turnover [1] - Zhongxin Tourism (002707): 6.97, +3.41%, 220,200 shares traded, 152 million yuan turnover [1] - Qujiang Culture and Tourism (600706): 10.60, +3.11%, 101,500 shares traded, 107 million yuan turnover [1] - Conversely, Caesar Travel (000796) saw a decline of 6.69% to 6.69, with a trading volume of 1,428,100 shares and a turnover of 973 million yuan [2] Group 3: Capital Flow - The tourism and scenic spots sector experienced a net outflow of 40.05 million yuan from institutional investors, while retail investors saw a net inflow of 105 million yuan [2] - Specific stock capital flows indicated: - Tianfu Culture and Tourism: -30.41 million yuan from institutional investors [3] - Zhongxin Tourism: +13.34 million yuan from institutional investors [3] - Yunnan Tourism (002059): +10.78 million yuan from institutional investors, but -33.39 million yuan from retail investors [3]

Market Overview - The tourism and scenic spots sector experienced a decline of 3.08% on November 21, with Dalian Shengya leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Dalian Shengya saw a significant drop of 10.00%, closing at 47.34, with a trading volume of 147,500 shares and a transaction value of 714 million [2] - Other notable declines included Tianfu Culture Tourism (-4.18%), Changzi Mountain (-4.08%), and Qujiang Culture Tourism (-3.93%) [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 486 million from main funds, while retail investors saw a net inflow of 461 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Yunnan Tourism had a main fund net inflow of 10.99 million, while it faced a retail net outflow of 32.27 million [3] - Huangshan Tourism and Sanxia Tourism experienced significant net outflows from main funds, at 10.61 million and 11.62 million respectively, while both saw positive retail inflows [3]