证券代码：600258 证券简称：首旅酒店 编号：临 2025-047 北京首旅酒店(集团)股份有限公司 (一) 提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | | 原定任期 到期日 | | | 离任原因 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | 股子公司任职 | （如适用） | 毕的公开 | | | | | | | | | | | | | 承诺 | | 张淑娟 | 副总经理 | 2025 | 年 | 11 | 2027 9 | 年 | 月 | 个人 | 否 | 无 | 无 | | | | 月 30 | 日 | | 23 日 | | | | | | | (二) 离任对公司的影响 张淑娟副总经理的离职，公司已做好各项工作的全面交接,对公司的经营不 产生任何影响,符合《北京首旅酒店(集团)股份有限公司职业经理人管理办法》 的相关程序。 特此公告。 北京首旅酒店(集团)股份有限公司 ...

Core Viewpoint - The hotel and catering sector experienced a slight increase of 0.22% on November 28, with Jinling Hotel leading the gains. The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1]. Market Performance - Jinling Hotel (601007) closed at 7.79, with a rise of 2.10% and a trading volume of 117,300 shares, amounting to a transaction value of 190.2 million yuan [1]. - Huaten Hotel (000428) closed at 3.50, up 1.74%, with a trading volume of 201,800 shares and a transaction value of 69.6 million yuan [1]. - Quanjude (002186) closed at 12.11, increasing by 1.51%, with a trading volume of 92,700 shares and a transaction value of 111 million yuan [1]. - Tongqinglou (605108) closed at 18.95, up 0.58%, with a trading volume of 16,400 shares and a transaction value of 30.9 million yuan [1]. - Jinjiang Hotel (600754) closed at 25.39, increasing by 0.47%, with a trading volume of 98,100 shares and a transaction value of 248 million yuan [1]. - ST Yunwang (002306) closed at 1.96, unchanged, with a trading volume of 220,400 shares and a transaction value of 43.1 million yuan [1]. - Shoulu Hotel (600258) closed at 15.28, down 0.46%, with a trading volume of 84,300 shares and a transaction value of 129 million yuan [1]. - Xi'an Catering (000721) closed at 9.22, down 1.91%, with a trading volume of 617,600 shares and a transaction value of 565 million yuan [1]. Capital Flow - The hotel and catering sector saw a net outflow of 6.61 million yuan from institutional investors, while retail investors contributed a net inflow of 4.53 million yuan [1]. - Quanjude (002186) had a net inflow of 19.1 million yuan from institutional investors, while it experienced a net outflow of 15.5 million yuan from speculative funds [2]. - Jinling Hotel (601007) saw a net inflow of 11.3 million yuan from institutional investors, with a net outflow of 3.88 million yuan from speculative funds [2]. - Huaten Hotel (000428) had a net inflow of 11.3 million yuan from institutional investors, with a net outflow of 7.21 million yuan from speculative funds [2]. - Shoulu Hotel (600258) experienced a slight net outflow of 29,400 yuan from institutional investors, but a net inflow of 5.79 million yuan from speculative funds [2]. - Xi'an Catering (000721) faced a significant net outflow of 29.1 million yuan from institutional investors, while speculative funds contributed a net inflow of 14.2 million yuan [2].

Core Insights - The Beijing Friendship Store has undergone a significant renovation, resulting in a remarkable sales increase of 1190% from May to October, reaching a total of 200 million yuan [1] - The store has transformed into a popular destination for city walking, attracting a large number of young customers and foreign tourists [9] Group 1: Renovation and Sales Performance - The renovated Beijing Friendship Store has achieved a sales figure of 200 million yuan from May to October, marking a year-on-year growth of 1190% [1] - The average daily foot traffic has increased to approximately 5,000 on weekdays and over 10,000 on weekends and holidays, significantly higher than pre-renovation levels [9] Group 2: Customer Experience and Offerings - The store features a variety of unique shops, including a newly opened bookstore and several cafes, creating a vibrant atmosphere for visitors [3][4] - The shopping area has been designed with garden courtyard-style scenes, incorporating artistic and retro elements, enhancing the overall customer experience [4][6] Group 3: Future Plans and Events - The store plans to launch a "Fairy Tale Season" event this winter, with new decorations and several new stores set to open by the end of the year [9] - A second phase of renovation is in the planning stages, focusing on attracting new brands in pet care, sports, and trendy products to align with market trends [9]

Core Insights - The report indicates that market volatility is driven by fluctuations in win rates rather than a complete reversal, suggesting that the index is expected to remain in a state of oscillation [5][6] - The overall market liquidity remains ample, with margin financing balances at 2.46 trillion yuan, placing it in the 97.5th percentile over the past three years [3] - The report highlights that the recent market decline reflects a phase of win rate logic fluctuations, primarily influenced by external factors such as the Federal Reserve's interest rate decisions and concerns over AI-related debt [3][4] Market Analysis - The technology sector continues to face adjustments primarily due to expectation volatility, with the AI industry chain experiencing high valuations and limited upside potential [4] - Defensive demand and a slight recovery in domestic inflation are benefiting dividend and cyclical styles, as indicated by a 0.2% year-on-year increase in October CPI, marking the first positive change in four months [4] - The report notes that the win rate logic has not shifted, with the Federal Reserve's interest rate trajectory remaining below expectations, while the U.S. economy may require further rate cuts [5] Investment Strategy - The report suggests a focus on sectors with lower crowding within technology, such as gaming and media, while also recommending global pricing resources like gold and copper due to the backdrop of overseas rate cuts and fiscal expansion [6] - The December stock selection includes a mix of ETFs and individual stocks across various sectors, emphasizing a defensive strategy amid market oscillation [9][10]

Core Insights - The hotel and catering sector experienced a 0.72% increase on November 25, with Junting Hotel leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Sector Performance - Junting Hotel (301073) saw a closing price of 28.10, with an increase of 8.29% and a trading volume of 165,900 shares, amounting to a transaction value of 459 million yuan [1] - Quanjude (002186) closed at 11.82, up 0.94%, with a trading volume of 71,900 shares and a transaction value of 84.73 million yuan [1] - ST Yunwang (002306) closed at 2.01, up 0.50%, with a trading volume of 283,200 shares and a transaction value of 57.44 million yuan [1] - Jinjiang Hotel (600754) closed at 25.94, up 0.39%, with a trading volume of 88,200 shares and a transaction value of 228 million yuan [1] - Xianyin Food (000721) closed at 8.80, up 0.34%, with a trading volume of 132,500 shares and a transaction value of 116 million yuan [1] - Jining Hotel (601007) closed at 7.66, up 0.26%, with a trading volume of 65,400 shares and a transaction value of 50.13 million yuan [1] - Tongqinglou (605108) closed at 19.00, down 0.05%, with a trading volume of 13,900 shares and a transaction value of 26.54 million yuan [1] - Shoulv Hotel (600258) closed at 15.62, down 0.26%, with a trading volume of 135,000 shares and a transaction value of 211 million yuan [1] - Huatian Hotel (000428) closed at 3.43, down 0.29%, with a trading volume of 164,100 shares and a transaction value of 56.34 million yuan [1] Capital Flow - The hotel and catering sector saw a net inflow of 24.35 million yuan from institutional investors, while retail investors contributed a net inflow of 15.97 million yuan [1] - However, there was a net outflow of 40.32 million yuan from speculative funds [1] Individual Stock Capital Flow - Junting Hotel had a net inflow of 21.01 million yuan from institutional investors, while it experienced a net outflow of 39.10 million yuan from speculative funds [2] - Quanjude had a net inflow of 7.53 million yuan from institutional investors, with a net outflow of 10.93 million yuan from speculative funds [2] - Tongqinglou had a net inflow of 1.68 million yuan from institutional investors, with a net outflow of 0.72 million yuan from speculative funds [2] - Jinjiang Hotel had a net inflow of 1.44 million yuan from institutional investors, with a net outflow of 3.61 million yuan from speculative funds [2] - Shoulv Hotel had a net outflow of 5.14 million yuan from institutional investors, but a net inflow of 12.64 million yuan from speculative funds [2]

Investment Rating - The report maintains a "Positive" investment rating for the social services industry, indicating an expectation of returns exceeding the market benchmark by over 5% [5]. Core Insights - The social services sector is showing resilience during the off-peak season, supported by fundamental data and a shift in funding styles, creating conditions for relative returns across industries [4]. - Key areas of focus include mid-cap blue-chip characteristics, growth potential, and recovery prospects in performance, particularly in OTA, hotels, human resources, and select dining and scenic spots [4]. Summary by Sections Hotels - The hotel sector demonstrates strong fundamentals with a recovery in performance. Huazhu reported a revenue of 7 billion yuan for Q3 2025, a year-on-year increase of 8.1%, surpassing previous growth guidance [8]. - The national hotel RevPAR turned positive in October 2025, showing a year-on-year increase of 2.2%, indicating a stable volume and rising prices [8]. Scenic Spots - The demand for scenic spots remains robust due to the autumn holiday and the upcoming winter season, with double-digit growth in visitor numbers reported [8]. - For instance, the Jianmen Pass scenic area saw a 30% increase in visitors during the autumn holiday, and hotel bookings in Zhejiang rose by 68% [8]. Duty-Free - The duty-free shopping scene in Hainan is recovering, with sales reaching 506 million yuan from November 1-7, 2025, a year-on-year increase of 34.86% [8]. - This recovery is attributed to low base effects, new policies, and promotional activities, alongside a shift in consumer behavior due to international travel restrictions [8]. OTA (Online Travel Agencies) - Ctrip's Q3 2025 report showed a net operating income of 18.3 billion yuan, reflecting a year-on-year increase of approximately 16% [8]. - The international OTA orders grew by about 60%, with inbound travel orders doubling, indicating a strong recovery in domestic travel demand [8].

Group 1 - The hotel and catering sector increased by 3.37% on November 24, with Junting Hotel leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] - Junting Hotel's stock price rose by 13.27% to 25.95, with a trading volume of 176,100 shares and a transaction value of 446 million yuan [1] Group 2 - The net inflow of main funds in the hotel and catering sector was 50.16 million yuan, while retail funds experienced a net outflow of 36.03 million yuan [1] - Junting Hotel had a main fund net inflow of 29.22 million yuan, accounting for 6.56% of its total trading volume [2] - Jinjiang Hotel also saw a significant main fund net inflow of 26.32 million yuan, representing 5.09% of its trading volume [2]

证券代码：600258 证券简称：首旅酒店 编号：临 2025-045 北京首旅酒店(集团)股份有限公司 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： ●投资种类:招商银行股份有限公司上海分行结构性存款，保本浮动收益 型。 ●投资金额：人民币 15,000 万元。 ●已履行的审议程序: 2024 年 12 月 20 日，公司召开第九届董事会第三次 会议及第九届监事会第三次会议，审议通过了《关于公司使用闲置募集资金进行 现金管理的议案》。在不影响募集资金投资项目建设进度和募集资金使用，并保 证日常经营运作资金需求、有效控制投资风险的前提下，公司使用闲置募集资金 不超过人民币 8 亿元适时进行现金管理，上述额度在决议有效期内可循环滚动使 用，单笔理财期限最长不超过一年。闲置募集资金用于购买安全性高、流动性好 且能够满足保本要求、期限最长不超过 12 个月的保本型产品（包括但不限于结 构性存款、大额存单、银行理财产品等）。决议有效期自董事会审议通过之日起 12 个月以内有效。具体内容详见公司于 2024 年 12 ...

证券代码：600258 证券简称：首旅酒店 编号：临 2025-046 北京首旅酒店（集团）股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要提示： ●会议召开时间：2025 年 12 月 9 日(星期二) 下午 16:00-17:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于 2025 年 12 月 2 日(星期二) 至 12 月 8 日(星期一)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 lixin@btghotels.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 北京首旅酒店（集团）股份有限公司（以下简称"公司"或"首旅酒店"） 已于 2025 年 10 月 30 日披露了 202 ...

Group 1 - The A-share tourism and hotel sector experienced an initial surge on November 24, with Junting Hotel rising over 10% [1] - Jinjiang Hotel saw an increase of over 4%, while other companies such as Tianfu Culture and Tourism, Shou Travel Hotel, Huaten Hotel, and Tongqinglou also followed suit with gains [1]