证券代码：600054 证券简称：黄山旅游 公告编号：2025-052 900942 黄山B股 黄山旅游发展股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025年12月26日 (二)股东大会召开的地点：安徽省黄山市屯溪区徽州大道1号黄山昱城皇冠假日酒店一楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，公司董事长章德辉先生主持。本次股东大会采用现场投票和网络投票 相结合的方式表决，会议的召集、召开及表决程序符合《公司法》、《证券法》、《上市公司股东会规 则》等有关法律、法规、规范性文件及《公司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席5人，公司董事孙峻先生、胡彩宝女士，独立董事章锦河先生、姚国荣先生 因 ...

证券日报网讯 12月26日，黄山旅游发布公告称，公司2025年12月26日召开2025年第二次临时股东大 会，审议通过《公司2025年前三季度利润分配预案》等多项议案。 （文章来源：证券日报） ...

证券代码：600054 证券简称：黄山旅游 公告编号：2025-052 900942 黄山 B 股 黄山旅游发展股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 301 | | --- | --- | | 其中：A 股股东人数 | 271 | | 境内上市外资股股东人数（B 股） | 30 | | 2、出席会议的股东所持有表决权的股份总数（股） | 322,320,192 | | 其中：A 股股东持有股份总数 | 301,230,190 | | 境内上市外资股股东持有股份总数(B 股) | 21,090,002 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份 | 44.1910 | | 总数的比例（%） | | (一) 股东大会召开的时间：2025 年 12 月 26 日 (二) 股东大会召开的地点：安徽省黄山市屯溪区徽州大道 1 号黄山昱城皇冠 假日酒 ...

法律意见书 一 安徽天天律师事务所 关于黄山旅游发展股份有限公司 2025 年第二次临时股东大会的法律意见书 天律意 2025 第 03606 号 致:黄山旅游发展股份有限公司 依据《证券法》《公司法》《上市公司股东会规则》和《黄山旅游发展 股份有限公司章程》(以下简称"《公司章程》")的有关规定,安徽天禾 律师事务所接受黄山旅游发展股份有限公司（以下简称"公司"）的委托, 指派喻荣虎、阮翰林两位律师(以下简称"本所律师")就公司于 2025年 12 月 26 日召开的 2025 年第二次临时股东大会(以下简称"本次股东大 会"）出具本法律意见书。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神,参 与了本次股东大会并对公司提供的有关文件和事实进行了核查和验证,现出 具法律意见如下: 一、本次股东大会的召集程序 本次股东大会由公司董事会召集。公司董事会于 2025年 12月 10日以 公告方式在指定的信息披露报刊、网站上披露了《黄山旅游发展股份有限公 司关于召开 2025年第二次临时股东大会的通知》。 本所律师认为,公司本次股东大会的召集程序符合法律、法规、规范性 文件和《公司章程》的规定,召集人 ...

Core Viewpoint - The tourism and scenic spots sector experienced a slight increase of 0.54% on December 26, with Xiangyuan Cultural Tourism leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3963.68, up 0.1% [1] - The Shenzhen Component Index closed at 13603.89, up 0.54% [1] - Xiangyuan Cultural Tourism (600576) saw a significant rise of 10.00%, closing at 6.60 [1] - Other notable performers included Caesar Travel (000796) with a 2.86% increase and Changzi Mountain (6605099) with a 2.04% increase [1] Group 2: Stock Performance Summary - The table lists various stocks in the tourism sector, showing their closing prices, percentage changes, trading volumes, and transaction amounts [1] - The highest trading volume was recorded for Caesar Travel at 283.24 million shares, with a transaction amount of 2.14 billion [1] - The lowest performing stock was Three Gorges Tourism (002627), which decreased by 1.21% [2] Group 3: Capital Flow Analysis - The tourism sector saw a net outflow of 185 million from main funds, while retail investors contributed a net inflow of 216 million [2] - The capital flow table indicates that Xiangyuan Cultural Tourism had a net inflow of 93.18 million from main funds, despite a net outflow from retail investors [3] - Other stocks like Changzi Mountain and Huangshan Tourism also experienced varying degrees of net inflow and outflow from different investor categories [3]

证券日报网讯 12月22日，黄山旅游在互动平台回答投资者提问时表示，公司高度重视"提质增效重回 报"相关工作，通过系列举措不断提升公司运营能力和治理水平。同时公司将根据有关规定，在定期报 告中披露相关数据，敬请关注公司在上海证券交易所网站发布的定期报告。 （文章来源：证券日报） ...

Core Insights - The 2025 Anhui Audiovisual and Cultural Tourism Integration Development Conference was held in Huangshan, marking a significant step towards the deep integration of audiovisual and cultural tourism in Anhui province [1][2] - The conference released the "Three-Year Action Plan for Audiovisual and Cultural Tourism Integration Development in Anhui Province (2026-2028)," aligning with the trends of the digital era [1] Group 1 - The conference theme was "Gathering Anhui's Screen to Lead the Future," focusing on the integration of "audiovisual + cultural tourism" through various activities, including a creative sharing session and live broadcasts [1] - Multiple achievements in audiovisual and cultural tourism integration were announced, including the first batch of development cases and results from the AIGC cultural tourism competition [1] - Anhui province has actively promoted the integration of "audiovisual + cultural tourism," resulting in the emergence of creative spaces and successful productions, enhancing local cultural branding [1] Group 2 - The series "Iron Fist Invincible Yang Qianqian" achieved 150 million views within 12 hours of its release, leading to a 460% increase in tourism-related searches for Huangshan [2] - The drama "Six Sisters" attracted approximately 1.15 million visitors to the Huainan Jiulonggang Historical and Cultural District after its broadcast [2] - The integration of audiovisual and cultural tourism is creating new pathways for consumption, city image shaping, and cultural dissemination, contributing to the development of a strong cultural and tourism province [2]

Investment Rating - The report rates the industry as "Overweight," indicating a positive outlook for the sector compared to the overall market performance [2]. Core Insights - The report highlights a moderate recovery in consumer spending, with tourism-related prices showing strong performance. The national CPI increased by 0.7% year-on-year in November 2025, reflecting a continued recovery in consumer spending [2][7]. - Hotel prices have shown resilience despite seasonal demand fluctuations, with the average hotel room price maintaining positive growth year-on-year. The RevPAR (Revenue Per Available Room) has only slightly declined, indicating a shift from a volume-driven recovery to a price-stabilized and optimized operational approach [2][8]. - The introduction of REITs (Real Estate Investment Trusts) in the service industry is expected to clarify the asset securitization path for various service sectors, including tourism and hospitality. This initiative aims to revitalize existing assets and improve financial structures [2][22][23]. Summary by Sections 1. Hotel Structure Differentiation and Price Resilience - The hotel industry is experiencing a seasonal decline in occupancy rates, but average room prices remain stable, with an ADR (Average Daily Rate) of 388.8 CNY per night in early December, up 4.3% year-on-year [8][10]. - The RevPAR for the week ending December 6, 2025, was 233 CNY per night, showing only a 0.4% decline year-on-year, indicating a recovery phase focused on price stability and operational efficiency [8][10]. 2. REITs Supporting Asset Securitization in the Service Industry - The newly released REITs project industry scope includes cultural tourism infrastructure and commercial facilities, allowing for a clearer path to asset securitization for hotels and tourist attractions [22][23]. - The report emphasizes that the inclusion of high-quality service industry assets in the REITs framework will enhance cash flow stability and operational efficiency, ultimately benefiting the valuation and investment landscape of the sector [22][24]. 3. Valuation of Key Industry Companies - The report provides a detailed valuation of key companies in the tourism and hospitality sectors, including metrics such as market capitalization and PE ratios, indicating a diverse range of investment opportunities [26]. - Notable companies highlighted for investment consideration include tourism sites like Sanxia Tourism and hotels like Shoulu Hotel and Huazhu [26].

Investment Rating - The report maintains an "Overweight" rating for the retail sector, focusing on companies with strong operational resilience or signs of bottom reversal [6][63]. Core Insights - The focus has shifted from policy catalysts to fundamental performance, with an emphasis on companies demonstrating operational resilience or potential recovery from low points [2][15]. - The retail sector experienced a relatively small decline of -0.21% during the week of December 8-12, 2025, outperforming other consumer-related sectors [1][7]. - The report highlights specific stocks that have shown significant price movements, such as Guai Bao Pet and TCL Electronics, which saw increases due to various catalysts [2][16]. Summary by Sections Market Overview - The retail sector's performance was relatively stable compared to other sectors, with a decline of only -0.21%, ranking 12th among all sectors [1][7]. - The overall market sentiment has shifted towards technology and high-end manufacturing, leading to weaker returns in consumer and cyclical sectors [2][15]. Stock Performance - Notable gainers included Guai Bao Pet, which rose by 2.7%, and TCL Electronics, which increased by 2.5%, attributed to factors such as oversold rebounds and improved performance expectations [2][16]. - Conversely, stocks like Pop Mart faced declines due to disappointing sales during the overseas Black Friday promotions, raising concerns about future growth [2][16]. Future Outlook - The report suggests that investment opportunities may be limited as policy expectations have stabilized, recommending stocks with strong fundamentals and low valuation percentiles [3][17]. - Three main investment themes are proposed: benefiting from holiday travel and tourism, domestic brands with competitive advantages, and durable goods companies likely to benefit from U.S. interest rate cuts [3][17]. Sector News - In the cosmetics sector, sales on major platforms reached 37.64 billion yuan in the first 11 months, with Proya leading in several categories [4][18]. - The home appliance sector saw the launch of a new smart air conditioning factory by Xiaomi, enhancing its production capabilities [4][19]. - The furniture sector is addressing consumer pain points with new commitments from leading companies to ensure quality and service [4][20].

黄山旅游发展股份有限公司 2025 年第二次临时股东大会会议资料 二〇二五年十二月 | 2025 年第二次临时股东大会会议议程 . | | --- | | 2025 年第二次临时股东大会会议须知 | | 议案 1: 公司 2025 年前三季度利润分配预案 | | 议案 2: 关于取消监事会及修订《公司章程》的议案 | | 议案 3: 关于修订公司部分治理制度的议案 | | 议案 4: 关于增补公司第九届董事会独立董事的议案 | | 附件 1:《公司章程》修订对照表 . | | 附件 2:《股东会议事规则》 | | 附件 3: 《董事会议事规则》 . | | 附件 4:《独立董事工作制度》 | | 附件 5:《关联交易管理制度》 | | 時代、 00 | 黄山旅游发展股份有限公司 2025 年第二次临时股东大会会议议程 一、会议时间 现场会议时间：2025 年 12 月 26 日（星期五）上午 9:00 网络投票时间：2025 年 12 月 26 日（星期五） 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00 ...