Market Overview - A-shares experienced volatility with major indices opening lower and fluctuating throughout the morning session, with the Shanghai Composite Index down 0.06% and the Shenzhen Component down 0.66% at midday [2][3] - The food and beverage sector, particularly the liquor stocks, showed strong performance, with the Wind liquor index rising nearly 1.5% [3][4] Liquor Sector Performance - Notable stocks in the liquor sector included: - JiuGuiJiu (酒鬼酒) surged by 10% to 63.47 CNY - Kuaiji Mountain (会稽山) increased by 8.72% to 21.44 CNY - SheDe Liquor (舍得酒业) rose by 8.16% to 62.56 CNY - Other stocks like YiLiTe (伊力特) and GuJingGongJiu (古井贡酒) also saw gains exceeding 5% [4][5] Other Sector Highlights - The food and beverage sector saw significant gains, with Pinwa Food (品渥食品) up over 11% and YiMing Food (一鸣食品) nearly 8% [4] - The restaurant and tourism stocks also performed well, with Xi'an Catering (西安饮食) and Quanjude (全聚德) hitting the daily limit up [5] - The non-ferrous metals sector experienced a notable rise, with some stocks increasing over 10% [5] New Listings - Hongyuan Co. (宏远股份) debuted with a remarkable increase of over 400% during its trading session, focusing on the research, production, and sales of electromagnetic wires [5][7] Hong Kong Market Insights - The Hong Kong market was generally subdued, with the Hang Seng Index dropping close to 1% before narrowing its losses [8] - Noteworthy movements included a significant rise in the stock price of Chow Sang Sang (周生生), which surged over 27% following a positive earnings forecast [12] - The company projected a profit of 900 million to 920 million HKD for the first half of the year, up from 502 million HKD in the same period last year, driven by rising gold prices and improved cost management [12]

证券之星消息，8月19日贸易板块较上一交易日上涨1.25%，汇鸿集团领涨。当日上证指数报收于 3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。贸易板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600981 | 汇鸿集团 | 3.22 | 4.55% | 57.31万 | | 1.84亿 | | 600278 | 东方创业 | 8.04 | 2.68% | 20.82万 | | 1.66亿 | | 600710 | 赤美达 | 11.20 | 2.10% | 21.82万 | | 2.46亿 | | 600287 | 江苏舜天 | 6.07 | 1.85% | 8.96万 | | 5392.77万 | | 600608 | *ST沪科 | 4.15 | 1.22% | 2.27万 | | 936.33万 | | 600058 | 五矿发展 | 8.28 | 0.73% | 9.36万 | | 7745.64万 | | 6002 ...

Market Performance - On August 18, the trade sector increased by 0.65% compared to the previous trading day, with Huihong Group leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Individual Stock Performance - Huihong Group (600981) closed at 3.08, rising by 3.70% with a trading volume of 503,200 shares and a turnover of 155 million yuan [1] - Other notable stocks included: - Siso 5AV (600128) at 10.87, up 1.49% [1] - Yiatong (002183) at 4.66, up 1.30% [1] - Nanjing Commercial Travel (600250) at 11.51, up 0.79% [1] Capital Flow Analysis - The trade sector experienced a net outflow of 3.41 million yuan from institutional investors, while retail investors saw a net inflow of 45.43 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Detailed Capital Flow for Selected Stocks - Zhongxin Metal (601061) had a net inflow of 15.85 million yuan from institutional investors, while retail investors had a net outflow of 8.02 million yuan [3] - Huihong Group (600981) saw a net inflow of 15.23 million yuan from institutional investors, with retail investors also experiencing a net outflow of 6.27 million yuan [3] - Other stocks like Jiangsu Shuntian (600287) and Oriental Entrepreneurship (600278) showed varying levels of net inflow and outflow among different investor types [3]

Core Viewpoint - The document presents a supplementary legal opinion regarding Nanjing Commercial Tourism Co., Ltd.'s issuance of shares and cash payment for asset acquisition, along with the associated fundraising and related transactions, emphasizing compliance with legal standards and the necessity of the transaction for the company's growth [1][2][3]. Group 1: Transaction Overview - Nanjing Commercial Tourism Co., Ltd. is engaging in a transaction involving the issuance of shares and cash to acquire assets and raise supporting funds [1][2]. - The transaction is subject to regulatory scrutiny, and the law firm has issued a supplementary legal opinion to address inquiries from the regulatory body [3][7]. Group 2: Legal Compliance and Responsibilities - The law firm asserts that it has fulfilled its legal responsibilities in accordance with relevant laws and regulations, ensuring the accuracy and completeness of the facts presented in the opinion [4][5][6]. - The supplementary legal opinion is intended solely for the purpose of this transaction and cannot be used for other purposes without the law firm's consent [6]. Group 3: Financial and Operational Implications - The transaction includes a price adjustment mechanism to respond to market fluctuations, which aims to protect the interests of the company and its minority shareholders [12][13]. - The law firm has conducted thorough checks on the financial health of the involved entities, ensuring that the assets to be injected into the company meet specific financial and compliance standards [22][23]. Group 4: Asset Evaluation and Strategic Considerations - The assets being considered for acquisition have been evaluated based on their financial performance, with specific criteria set to ensure they contribute positively to the company's operations [22][23]. - The document outlines the financial performance of the target assets, indicating that they meet the necessary profitability and return on investment criteria [23][27].

Core Viewpoint - Nanjing Shanglv plans to acquire 100% equity of Nanjing Huangpu Hotel Co., Ltd. from Nanjing Tourism Group through a combination of issuing shares and cash payment, while also raising supporting funds [1][2] Group 1: Transaction Overview - The company received an inquiry letter from the Shanghai Stock Exchange regarding the acquisition and fundraising on April 2, 2025 [1] - On July 29, 2025, the company disclosed its response to the inquiry and the revised draft of the transaction report [1] - The company has made revisions and enhancements to the inquiry response and transaction report based on further feedback from the Shanghai Stock Exchange [2] Group 2: Key Revisions - The first chapter of the transaction overview has been supplemented with information about the management of well-known mid-to-high-end hotels under the tourism group [2] - Additional details regarding the divestment of Liuhua Spring and its existing controlling shareholder's trademark litigation have been included [2] - The fourth chapter now includes a comprehensive introduction to Huangpu Hotel's main business and a statistical note on the total number of guest rooms during the reporting period [2]

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上海市锦天城律师事务所 补充法律意见书（二） 上海市锦天城律师事务所 关于南京商贸旅游股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易 之 补充法律意见书（二） 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 1 | 一、《问询函》问题 | 2 | 5 | | --- | --- | --- | | 二、《问询函》问题 | 3 | 6 | | 三、《问询函》问题 | 6 | 35 | 上海市锦天城律师事务所 补充法律意见书（二） 上海市锦天城律师事务所 关于南京商贸旅游股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易之 补充法律意见书（二） 案号：06F20240128 致：南京商贸旅游股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受南京商贸旅游股份有限 公司（以下简称"上市公司"或"南京商旅"）的委托，并根据上市公司与本所 签订的《专项法律顾问聘请合同》，作为上市公司本次发行股份及支付现金购买 资产并募集配套资金（以下简称"本次交易"）的专项法律顾问。 三 ...

关于南京商贸旅游股份有限公司 发行股份及支付现金购买资产并募集配套资金暨 关联交易申请的审核问询函的回复 中兴华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址：北京市丰台区丽泽路 20 号丽泽 SOHO Ｂ座 20 层 邮编：100073 电话：(010) 51423818 传真：(010) 51423816 中 兴 华 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） Z H O N G X I N G H U A C E R T I F I E D P U B L I C A C C O U N T A N T S L L P 地 址 （ l o c a t i o n ）： 北 京 市 丰 台 区 丽 泽 路 2 0 号 丽 泽 S O H O B 座 2 0 层 2 0 / F, To w e r B,L i z e SO H O , 2 0 Li z e Ro a d , F e n g t a i Distri c t ,B e i j i n g PR Ch i n a 电 话 （ t e l ）： 0 1 0 ...

中信建投证券股份有限公司 《关于南京商贸旅游股份有限公司发行股 份及支付现金购买资产并募集配套资金暨 关联交易申请的审核问询函回复（修订 稿）》 之核查意见 独立财务顾问 二零二五年八月 上海证券交易所： 南京商贸旅游股份有限公司（以下简称"南京商旅"、"公司"或"上市公 司"）于 2025 年 4 月 2 日收到贵所下发的《关于南京商贸旅游股份有限公司发 行股份及支付现金购买资产并募集配套资金暨关联交易申请的审核问询函》（上 证上审（并购重组）〔2025〕21 号）（以下简称"问询函"）。中信建投证券股 份有限公司（以下简称"独立财务顾问"或"中信建投证券"）作为南京商贸旅 游股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易（以下 简称"本次交易"）的独立财务顾问，根据问询函的相关要求，会同公司及相关 中介机构，对有关问题进行了认真分析与核查，现就相关事项回复如下，请贵所 予以审核。 如无特别说明，本回复所述的简称或名词的释义与《重组报告书》中"释义" 所定义的简称或名词的释义具有相同的涵义。本回复中若出现总数与各分项数值 之和尾数不符的情况，为四舍五入原因造成。 | 问询函所列问题 | 黑体 ...

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