Core Viewpoint - Huangshan Tourism (600054) announced the approval of its subsidiary, Taiping Cableway Company, to invest in the upgrade of the electrical system for the Huangshan Taiping Cableway project, with an estimated investment of approximately 133 million yuan [1]. Group 1 - The investment amount for the electrical system upgrade project is approximately 133 million yuan [1].

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2026-002 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 关于控股子公司投资建设黄山太平索道电气系统 更新提升项目的公告 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。 重要内容提示： ● 投资标的名称：黄山太平索道电气系统更新提升项目。 1 / 4 公司董事会授权管理层全权办理与本次项目投资有关的事宜，包括但不限于 在董事会决议范围内实施本次项目投资，签署、执行与本次项目投资相关的协议 和文件，办理后续与此有关的其他一切事宜。 3、本次项目投资事项不构成关联交易，也不构成《上市公司重大资产重组 管理办法》规定的重大资产重组。 二、投资主体基本情况 ● 投资金额：约 13,306 万元（具体以实际投资金额为准）。 ● 风险提示：项目建设期间可能会受材料采购、施工管理及建设进度等诸多 因素影响，从而影响项目的建设成效。同时受经济环境、宏观政策、市场情况以 及经营管理等多方面因素的影响，项目在经营过程中可能存在不达预期收益的风 险。 一、项 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2026-003 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 关于参投基金的进展公告 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。 一、基本情况概述 （一）基金基本情况 1、公司于 2016 年 8 月 23 日召开第六届董事会第十八次会议，审议通过了 《关于投资参股设立基金管理公司及参与设立旅游文化产业发展基金的议案》， 同意公司出资 200 万元参股设立基金管理公司，并以该基金管理公司为普通合伙 人设立黄山赛富旅游文化产业发展基金（有限合伙）（以下简称"黄山赛富基金"）， 公司作为劣后级有限合伙人拟认缴出资 2 亿元（详见公司 2016-038 号公告）。 3、黄山赛富基金存续期限为 7 年，已于 2025 年 1 月 19 日期满并进入清算 期。根据《合伙协议》约定，普通合伙人黄山赛富基金管理有限责任公司作为黄 山赛富基金的清算人，将对黄山赛富基金进行清算（详见公司 2025-005 公告）。 （二）基金运作情况 1、基金投资期内， ...

Core Viewpoint - The company plans to invest approximately 133 million yuan in upgrading the electrical systems of its subsidiary, Huangshan Taiping Cableway Co., Ltd, with funding sourced from the company itself [1] Investment Details - The investment amount is estimated at 133 million yuan [1] - The project will involve updating all electrical equipment, sensors, actuators related to the electrical control system, as well as the cabins, traction cables, main motors, reducers, hydraulic stations, and power distribution equipment at both ends of the cableway [1] - The construction period is expected to be 6 months, excluding preliminary work [1] - The static investment payback period is projected to be 4.38 years [1] Project Status - The project is currently in the preliminary stage and has obtained the necessary approvals from relevant government departments [1]

Group 1 - The National Development and Reform Commission will hold a press conference to discuss the implementation of the Central Economic Work Conference's spirit and promote a good start for the "14th Five-Year Plan" [1] - The Ministry of Finance will also hold a press conference to elaborate on the role of proactive fiscal policy in promoting high-quality economic and social development [1] Group 2 - The Loan Prime Rate (LPR) for one-year and five-year terms will be announced on January 20 [2] Group 3 - Domestic refined oil prices are expected to see their first increase of the year, with consumer fuel costs projected to rise slightly [3] - The current oil price adjustment pattern has been "zero increase, zero decrease, one suspension" since the beginning of the year [3] Group 4 - A total of 10.44 billion shares will be unlocked today, with a combined market value of 7.206 billion yuan [4] - Shanxi Coking Coal, Kexin New Materials, and Shenyu Co., Ltd. have the highest unlock volumes, with 1.037 billion shares, 3.3315 million shares, and 2.706 million shares respectively [4] - The highest unlock market value is from Shanxi Coking Coal at 7.03 billion yuan [4] Group 5 - Four companies have disclosed stock repurchase progress, with one company proposing a repurchase amount exceeding 100 million yuan [5] - The highest proposed repurchase amount is from Aotai Biology, not exceeding 200 million yuan [5] - Two companies have had their repurchase plans approved by shareholders, with the highest amounts being 600 million yuan and 5.6307 million yuan respectively [5] Group 6 - Five companies have announced progress on private placements, with the highest fundraising amount proposed by Huashi Technology at not exceeding 446 million yuan [6] - Changhua Chemical has completed its private placement with a total fundraising amount of 155 million yuan [6] Group 7 - Two A-shares will undergo equity registration today, with dividend distributions planned [7] - The highest dividend payouts are from Youfa Group and Huangshan Tourism, with 3.00 yuan and 0.70 yuan per 10 shares respectively [7]

Group 1 - The tourism and scenic area sector increased by 2.04% on January 15, with Zhongxin Tourism leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Key stocks in the tourism sector showed significant price increases, with Zhongxin Tourism rising by 10.05% to a closing price of 9.09, and Shaanxi Tourism also increasing by 10.00% to 155.84 [1] Group 2 - The tourism sector saw a net inflow of 660 million yuan from main funds, while retail investors experienced a net outflow of 414 million yuan [2] - Major stocks like Dalian Shengya and Changzi Mountain had significant net inflows from main funds, with Dalian Shengya receiving 1.67 billion yuan [3] - Retail investors showed a negative trend in several stocks, with notable outflows from Zhongxin Tourism and Shaanxi Tourism [3]

Core Viewpoint - Huangshan Tourism's stock has shown positive performance with a 4.51% increase year-to-date and a market capitalization of 8.629 billion yuan, indicating investor interest and potential growth in the tourism sector [1] Financial Performance - For the period from January to September 2025, Huangshan Tourism reported operating revenue of 1.535 billion yuan, reflecting a year-on-year growth of 8.75% [2] - The company's net profit attributable to shareholders decreased by 11.02% year-on-year, amounting to 253 million yuan [2] Stock Market Activity - As of January 15, Huangshan Tourism's stock price was 11.83 yuan per share, with a trading volume of 1.59 billion yuan and a turnover rate of 2.65% [1] - The stock experienced a net inflow of 18.4867 million yuan from main funds, with significant buying activity from large orders [1] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 57,700, a rise of 2.45% [2] - The second-largest circulating shareholder is the Fortune China Securities Tourism Theme ETF, holding 5.2561 million shares, which increased by 1.9313 million shares compared to the previous period [3] Dividend Distribution - Huangshan Tourism has distributed a total of 1.459 billion yuan in dividends since its A-share listing, with 329 million yuan distributed over the past three years [3] Business Segments - The company's main business segments include tourism services (81.67% of revenue), landscape development (13.07%), and other services (5.26%) [1]

Core Viewpoint - The company's stock performance in the secondary market is influenced by various factors including macroeconomic environment, industry policies, and market volatility [1] Group 1: Company Management and Value - The company places significant emphasis on market capitalization management and aims to enhance its intrinsic value [1] - The company actively fulfills information disclosure obligations and engages in investor relations management to communicate its value [1] - There are specific market capitalization management requirements imposed by state-owned asset regulatory authorities on the company [1]

Group 1 - The Low Volatility Dividend Index (H30269.CSI) includes 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility. As of January 13, the index has a one-year dividend yield of 4.45% [1] - The Low Volatility Dividend ETF (华夏 159547) tracks this index and has the lowest comprehensive fee rate among ETFs. It evaluates dividends quarterly [1] - The Quality Dividend Index (931468.CSI) consists of 50 listed companies that provide continuous cash dividends, have high payout ratios, and exhibit strong profitability. As of January 13, this index has a one-year dividend yield of 3.55% [1] Group 2 - Huangshan Tourism announced a cash dividend of 0.07 yuan per share (tax included), with a record date of January 20, 2026, and an ex-dividend date of January 21, 2026. It is classified under the social services sector and is not part of the Low Volatility Dividend or Quality Dividend indices [1] - Youfa Group declared a cash dividend of 0.30 yuan per share (tax included), with a record date of January 20, 2026, and an ex-dividend date of January 21, 2026. It is classified under the steel industry and is not part of the Low Volatility Dividend or Quality Dividend indices [2] - Longxin General announced a cash dividend of 0.20 yuan per share (tax included), with a record date of January 19, 2026, and an ex-dividend date of January 20, 2026. It is classified under the automotive industry and is not part of the Low Volatility Dividend or Quality Dividend indices [2]

证券代码：600054 证券简称：黄山旅游 公告编号：2026-001 黄山旅游发展股份有限公司 2025年前三季度权益分派实施公告 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。 重要内容提示： 每股分配比例 A 股每股现金红利0.07元，B 股每股现金红利0.009953美元 900942 |黄山 B 股 3. 分配方案： 本次利润分配以方案实施前的公司总股本729,379,440股为基数，每股派发现金红利0.07 元（含税），共计派发现金红利51,056,560.80元。 1. 发放年度：2025年前三季度 2. 分派对象： 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/1/20 | － | 2026/1/21 | 2026/1/21 | | Ｂ股 | 2026/1/23 | 2026/1/20 | | 2026/2/5 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日 ...