Core Viewpoint - Beijing Shoulv Hotel (Group) Co., Ltd. is utilizing idle raised funds for cash management, including the redemption of financial products and the continuation of cash management activities. Group 1: Cash Management Overview - The company plans to redeem a total of RMB 200 million from financial products and continue cash management with RMB 150 million [2] - The financial products involved include structured deposits from China Merchants Bank and Bank of China [2] - The maximum investment period for each financial product is not to exceed one year, with specific terms ranging from 91 to 184 days [2][14] Group 2: Historical Context - The company has previously utilized idle raised funds for cash management, starting from January 2022, with a total of RMB 1.9 billion invested in structured deposit products [3][24] - The company has consistently redeemed and reinvested funds from structured deposits, with significant amounts redeemed in 2022 and 2023 [4][5][6][7] Group 3: Financial Impact - The redeemed financial products amounting to RMB 200 million represent 6.69% of the net raised funds and 8.90% of the company's cash and financial assets as of March 31, 2025 [21] - The company achieved a pre-tax return of RMB 1.5321 million from the redeemed products, resulting in a post-tax return of RMB 1.1490 million [21] Group 4: Risk Management - The company emphasizes strict adherence to prudent investment principles, selecting reputable financial institutions for managing idle funds [16] - Internal controls include regular audits and monitoring of financial product performance to mitigate risks [16][19] Group 5: Future Plans - The company intends to continue using idle raised funds for cash management, aiming to enhance fund utilization efficiency and achieve stable returns [14][17] - The total amount of idle raised funds used for cash management in the last 12 months is RMB 1.7 billion, with a cumulative total of RMB 8.8 billion since November 2021 [24]

Market Overview - The hotel and catering sector increased by 3.16% on August 20, with Xi'an Catering leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Stock Performance - Key stocks in the hotel and catering sector showed significant gains, with Xi'an Catering closing at 9.85, up 10.06%, and Quanjude at 12.82, up 8.00% [1] - Other notable performers included ST Yunwang, Tongqinglou, and Huatian Hotel, with respective increases of 4.79%, 3.19%, and 2.89% [1] Capital Flow - The hotel and catering sector saw a net inflow of 310 million yuan from institutional investors, while retail investors experienced a net outflow of 227 million yuan [1] - Specific stock capital flows indicated that Xi'an Catering had a net inflow of 229 million yuan from institutional investors, despite a net outflow of 104 million yuan from retail investors [2]

股票代码：600258 股票简称：首旅酒店 编号：临 2025-034 北京首旅酒店（集团）股份有限公司 关于使用闲置募集资金进行现金管理到期赎回 并继续进行现金管理进展的公告 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： ●到期赎回委托理财产品的受托方：招商银行股份有限公司上海分行、中国 银行股份有限公司北京市分行； 继续现金管理委托理财产品的受托方：招商银行股份有限公司上海分行； ●到期赎回委托理财产品总金额：人民币 2 亿元； 继续现金管理委托理财产品总金额：人民币 1.5 亿元； ●到期赎回委托理财产品名称、金额： 招商银行股份有限公司上海分行结构性存款 1 亿元； 中国银行挂钩型结构性存款 0.51 亿元； 中国银行挂钩型结构性存款 0.49 亿元； ●继续现金管理委托理财产品名称、金额： 招商银行股份有限公司上海分行结构性存款 1 亿元； 招商银行股份有限公司上海分行结构性存款 0.5 亿元； ●委托理财期限：自董事会审议通过的决策有效期内购买，单笔委托理财期 限最长不超过 1 年； 本次到期赎回 ...

证券之星消息，8月19日酒店餐饮板块较上一交易日上涨0.28%，全 聚 德领涨。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%。酒店餐饮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) | | --- | --- | --- | --- | --- | --- | | 002186 | 全聚德 | 11.87 | 4.03% | 17.78万 | 2.10亿 | | 605108 | 同庆楼 | 20.09 | 1.57% | 5.50万 | 1.10亿 | | 000428 | 华天酒店 | 3.46 | 1.47% | 23.62万 | 8137.61万 | | 601007 | 金陵饭店 | 7.75 | 0.52% | 12.50万 ﻞ | 9654.60万 | | 301073 | 君亭酒店 | 23.69 | 0.38% | 7.19万 | 1.70亿 | | 600258 | 首旅酒店 | 14.33 | 0.07% | 16.14万 | 2.31亿 | | 000721 | 西安饮食 | 8 ...

Investment Rating - The industry is rated as "stronger than the market" with an expected relative increase of over 10% compared to the market index in the next six months [38]. Core Insights - The heavy holding ratio for the social service industry in Q2 2025 is 0.09%, a decrease of 0.03 percentage points from the previous quarter, ranking 30th among 31 first-level industries, indicating a position at the bottom of the industry [11][35]. - The current heavy holding ratio is significantly below the five-year historical average of 0.49%, suggesting substantial room for rebound [11][35]. - The education sector shows a rebound in interest, while the hotel and restaurant sector remains at a low holding ratio [18][35]. - The implementation and optimization of the national visa-free policy is expected to continue boosting the tourism market, alongside new opportunities arising from the establishment of duty-free shops [35]. Summary by Sections Heavy Holding Ratio Analysis - In Q2 2025, there are 344 funds heavily invested in the social service industry, a decrease of 59 funds from the previous quarter, with a total market value of 6.225 billion yuan, down by 1.786 billion yuan [11][35]. - The heavy holding ratio for the hotel and restaurant sector is at 0.02%, down 0.01 percentage points, while the tourism and scenic area sector is at 0.03%, showing a slight decline [18][35]. Sector Performance - The professional services sector has seen a decrease in heavy holding ratio to 0.03%, while the education sector has slightly increased to 0.01% [18][35]. - The hotel and restaurant sector's heavy holding ratio has been declining since reaching a peak in Q2 2022 [18][35]. Individual Stock Performance - The top ten stocks in the social service sector have a combined heavy holding ratio of 0.072%, down 0.03 percentage points from Q1 2025 [27][28]. - Notable increases in heavy holding ratios were observed for stocks such as Dou Shen Education and Changbai Mountain, while significant decreases were noted for Huace Detection and Su Shi Testing [30][31].

证券之星消息，8月18日酒店餐饮板块较上一交易日上涨0.58%，*ST云网领涨。当日上证指数报收于 3728.03，上涨0.85%。深证成指报收于11835.57，上涨1.73%。酒店餐饮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) | | --- | --- | --- | --- | --- | --- | | 002306 | *ST云网 | 1.91 | 1.60% | 43.03万 | 8253.69万 | | 601007 | 金陵饭店 | 7.71 | 1.05% | 12.24万 | 9415.39万 | | 000721 | 西安饮食 | 8.96 | 0.90% | 32.10万 | 2.87亿 | | 600754 | 锦江酒店 | 22.80 | 0.75% | - 14.66万 | 3.34亿 | | 301073 | 君喜酒店 | 23.60 | 0.68% | 8.99万 | 2.12亿 | | 605108 | 同庆楼 | 19.78 | 0.46% | 4.44万 | 8781.64万 | | 002186 | 全聚德 ...

Group 1 - The company has approved the issuance of debt financing instruments, including super short-term financing bonds, short-term financing bonds, and medium-term notes, with a total amount not exceeding RMB 4 billion [1] - The company received acceptance notifications from the China Interbank Market Dealers Association, confirming the registration amounts for super short-term financing bonds (RMB 2 billion), short-term financing bonds (RMB 1 billion), and medium-term notes (RMB 1 billion), all valid for 2 years from the date of the notification [2] - The main underwriter for these financing instruments is China Merchants Bank [2]

Core Points - Beijing Shoulu Hotel Group Co., Ltd. has received approval to issue debt financing instruments totaling up to RMB 4 billion [1][2] - The company plans to issue short-term financing bonds, medium-term notes, and ultra-short-term financing bonds based on actual operating conditions [1] - The registration for ultra-short-term financing bonds is set at RMB 2 billion, short-term financing bonds at RMB 1 billion, and medium-term notes at RMB 1 billion, all valid for two years from the date of the acceptance notice [2] Group 1 - The company held its annual shareholders' meeting on April 25, 2025, where the proposal for debt financing tools was approved [1] - The total amount for the debt financing tools is capped at RMB 4 billion, which will be issued in one or multiple tranches [1] - The underwriting for these instruments will be handled by China Merchants Bank Co., Ltd. [2] Group 2 - The acceptance notice for the registration of the financing instruments was issued by the China Interbank Market Dealers Association [2] - The registration amounts are specifically allocated: RMB 2 billion for ultra-short-term financing bonds, RMB 1 billion for short-term financing bonds, and RMB 1 billion for medium-term notes [2] - The registration is valid for two years, allowing the company flexibility in timing the issuance [2]

Core Viewpoint - Beijing Shoulv Hotel Group Co., Ltd. has received approval for the issuance of short-term financing instruments, including super short-term financing bonds, short-term financing bonds, and medium-term notes, with a total amount not exceeding RMB 40 billion [1][2]. Group 1 - The company held its 2024 annual shareholders' meeting on April 25, 2025, where it approved the proposal to register and issue debt financing instruments [1]. - The total registered amount for super short-term financing bonds is RMB 2 billion, valid for 2 years from the date of the acceptance notice, underwritten by China Merchants Bank [2]. - The registered amount for short-term financing bonds is RMB 1 billion, also valid for 2 years from the acceptance notice, underwritten by China Merchants Bank [2]. - The registered amount for medium-term notes is RMB 1 billion, valid for 2 years from the acceptance notice, underwritten by China Merchants Bank [2].

证券代码：600258 证券简称：首旅酒店 编号：临 2025-033 北京首旅酒店（集团）股份有限公司 2 关于发行超短期融资券、短期融资券、中期票据 获得批准的公告 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。 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"） 于 2025 年 4 月 25 日召开的 2024 年年度股东会，审议通过了《关于注册发行银 行间债券市场债务融资工具的议案》，同意公司申请注册发行超短期融资券、短 期融资券、中期票据（以下合称"债务融资工具"），发行总金额不超过人民币 40 亿元。公司将根据实际经营情况，在中国银行间市场交易商协会注册有效期 内，在注册额度范围内择机一次或分期发行。具体内容详见 2025 年 4 月 26 日 公司在《中国证券报》、《上海证券报》和上海证券交易所网站（www.sse.com.cn） 上刊登的《北京首旅酒店（集团）股份有限公司 2024 年年度股东会决议公告》 （公告编号：临 2025-026）。 公司于近期接到中国银行间市场交易商协会发出的《接受 ...