证券代码：600576 证券简称：祥源文旅 公告编号：临 2026-011 浙江祥源文旅股份有限公司 关于控股股东之一致行动人股份被轮候冻结的公告 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： 1 本次浙江祥源文旅股份有限公司（以下简称"公司"）控股股东之一致行 动人安徽祥源文化发展有限公司（以下简称"安徽祥源"）被轮候冻结股 份61,000,000股（均为无限售流通股），占其所持股份的28.13%，占公司总 股本的5.78%。 截至本公告披露日，公司实际控制人、控股股东祥源旅游开发有限公司（ 以下简称"祥源旅开"）及其一致行动人安徽祥源合计持有公司股份 612,433,915股，占公司总股本的58.08%。公司实际控制人、控股股东祥 源旅开及其一致行动人安徽祥源累计被司法冻结股份612,433,915股，占 其合计所持股份数的100%，占公司总股本的58.08%；被轮候冻结股份 1,133,958,127股，占其合计所持股份数的185.16%，占公司总股本的 107.53%；被司法冻结质押207,360,0 ...

浙江六和律师事务所 关于浙江祥源文旅股份有限公司 2026 年第一次临时股东会的法律意见书 浙六和法意（2026）第 0283 号 致:浙江祥源文旅股份有限公司 根据《中华人民共和国证券法》（下称"《证券法》"）《中华人民共和国公 司法》（下称"《公司法》"）和中国证券监督管理委员会《上市公司股东会规则》 等法律、法规和规范性文件的要求及《浙江祥源文旅股份有限公司章程》（下称 "《公司章程》"）的规定，浙江六和律师事务所（下称"本所"）接受浙江祥源文 旅股份有限公司（下称"祥源文旅"或"公司"）的委托，指派叶永祥律师、蒋贇律 师参加祥源文旅 2026 年第一次临时股东会，对本次股东会的召集和召开程序、 出席会议人员资格、表决方式、表决程序的合法性、有效性进行了认真审查，并 出具本法律意见书。 本法律意见书仅供祥源文旅 2026 年第一次临时股东会之目的使用。本所律 师同意将本法律意见书随祥源文旅本次股东会其他信息披露资料一并公告。 本所律师根据相关法律法规的要求，按照律师行业公认的业务标准、道德规 范和勤勉尽责的精神，出席了祥源文旅 2026 年第一次临时股东会，对祥源文旅 本次股东会所涉及的有关事项和相关文 ...

证券代码：600576 证券简称：祥源文旅 公告编号：临 2026-010 浙江祥源文旅股份有限公司 2026年第一次临时股东会决议公告 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 2、董事会秘书王琦出席了会议，全体高管列席了会议。 二、 议案审议情况 (一) 非累积投票议案 1、议案名称：《关于全资子公司为全资孙公司提供担保的议案》 (一) 股东会召开的时间：2026 年 2 月 11 日 (二) 股东会召开的地点：杭州市拱墅区密渡桥路 1 号白马大厦 12 楼祥源文旅 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： | 1、出席会议的股东和代理人人数 | 452 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 643,183,950 | | 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总 | 61.4626 | | 数的比例（%） | | (四) 表决方式是否符合《公司 ...

Group 1 - The tourism and scenic area sector increased by 0.71% on February 4, with Caesar Travel leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the tourism sector showed various performance, with Caesar Travel closing at 6.47, up 3.69%, and Xi'an Tourism at 10.53, up 3.54% [1] Group 2 - The tourism sector experienced a net outflow of 65.82 million yuan from main funds, while retail investors saw a net inflow of 132 million yuan [2] - Notable stocks with significant fund flows included Caesar Travel with a net inflow of 73.92 million yuan from main funds, but a net outflow from retail investors of 58.75 million yuan [3] - Yunnan Tourism had a net inflow of 14.19 million yuan from main funds, with a net outflow of 8.36 million yuan from retail investors [3]

Summary of Key Points Core Viewpoint - Xiangyuan Cultural Tourism (600576.SH) has announced a share buyback program, indicating a strategic move to enhance shareholder value and confidence in the company's future prospects [1] Group 1: Share Buyback Details - As of January 31, 2026, the company has repurchased a total of 8.0847 million shares, which represents 0.77% of the current total share capital [1] - The lowest price at which shares were repurchased was 5.609 yuan per share, while the highest price reached 7.486 yuan per share [1] - The total amount spent on the share buyback, including commissions and transaction fees, is approximately 54.0714 million yuan [1]

Group 1 - Company Xiangyuan Cultural Tourism announced on February 3 that as of January 31, 2026, it has repurchased a total of 8.0847 million shares, accounting for 0.77% of the company's current total share capital [1] - The repurchased shares were acquired at a minimum price of approximately 5.61 yuan per share and a maximum price of approximately 7.49 yuan per share [1] - The total amount paid for the repurchase was 54.0714 million yuan [1]

证券代码：600576 证券简称：祥源文旅 公告编号：临 2026-009 浙江祥源文旅股份有限公司 二、 回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，在回购股份期间，上市公司应当在每个月的前 3 个交易日内，公告截至上月末的回购进展情况。现将公司 2026 年 1 月回购股份的 进展情况公告如下： 2026 年 1 月，公司通过集中竞价方式已累计回购股份 121.00 万股，占公司当 前总股本的 0.12%，成交的最低价为 6.423 元/股，最高价为 6.570 元/股，已支付的 金额为人民币 786.43 万元（含佣金等交易费用）。 截至 2026 年 1 月 31 日，公司已累计回购股份 808.47 万股，占公司当前总股 本的 0.77%，成交的最低价为 5.609 元/股，最高价为 7.486 元/股，已支付的金额为 人民币 5,407.14 万元（含佣金等交易费用）。 关于股份回购进展公告 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。 ...

2026年第一次临时股东会 会 议 资 料 浙江祥源文旅股份有限公司 二〇二六年二月十一日 目 录 | 2026年第一次临时股东会会议须知 | 2 | | --- | --- | | 2026年第一次临时股东会表决及选举办法 | 3 | | 2026年第一次临时股东会会议议程 | 4 | | 议案一：《关于全资子公司为全资孙公司提供担保的议案》 .. | 5 | 1 浙江祥源文旅股份有限公司 五、股东会发言安排为20分钟。股东在股东会发言前，请向股东会签到处 预先报告，并明确发言主题，由股东会主席按报名次序先后安排发言。每位股 东发言时间不超过3分钟，发言次序按所持股份排列，临时要求发言的股东安排 在登记发言的股东之后。 六、股东会表决采用按股权书面表决方式，请股东按表决票要求填写意见 ，填写完毕由股东会工作人员统一收票。 七、参加会议的法人股股东，如有多名代表，应推举一名首席代表，由该 首席代表填写表决票。 八、股东发言不涉及公司的商业秘密，不涉及本次股东会审议事项以外的 提问、发言或其他议案的提议和审议。 2026年第一次临时股东会会议须知 各位股东及股东代表： 为维护股东的合法权益，确保股东在本公司20 ...

Investment Rating - The report maintains an "Accumulate" rating for the industry [5] Core Insights - The retail sector is expected to show varied performance in Q4 2025, with significant growth in certain segments like gold and jewelry, while others like supermarkets and department stores are projected to decline [1][2][4] - The report highlights the importance of the upcoming Spring Festival season, suggesting that sectors with performance elasticity, such as duty-free shops and certain tourist attractions, should be closely monitored [9] - The report emphasizes the potential of AI applications in enhancing e-commerce marketing, indicating a shift towards new retail strategies [9] Summary by Relevant Sections Retail Sector Outlook - Gold and Jewelry: - Lao Feng Xiang: Expected net profit growth of -15% to 5% in Q4 2025 - Zhou Da Sheng: Expected net profit growth of 15% to 30% in Q4 2025 - Chao Hong Ji: Forecasted net profit of 1.2 to 2.2 billion, with a year-on-year increase of 125% to 175% - Cai Bai Co.: Expected net profit growth of 150% to 254% in Q4 2025 - Yu Garden Co.: Forecasted loss of 4.312 billion in Q4 2025, compared to a loss of 1.03 billion in the same period last year [1] - Trendy Toys: - Miniso: Expected revenue growth of 25% to 30% in Q4 2025, with adjusted net profit growth of 10% to 20% [1] Supermarkets and Department Stores - Chongqing Department Store: Expected net profit of 1.021 billion, a decline of 22.4% year-on-year, with a projected drop of 92.5% in Q4 2025 - Wangfujing: Expected net profit loss of 0.45 to 0.23 billion, with a growth rate of -6.6% to 7.3% in Q4 2025 - Yonghui Supermarket: Expected loss of 2.14 billion, with a net profit growth rate of -3.1% in Q4 2025 - Home Home Joy: Expected net profit of 198 to 228 million, with a growth rate of 50.1% to 72.8% in Q4 2025 [2] Cross-Border and E-commerce - Small Commodity City: Expected net profit growth of 5% to 15% in Q4 2025 - Anker Innovation: Expected net profit growth of 10% to 20% in Q4 2025 - Su Mei Da: Expected net profit of 1.355 billion, with a growth rate of 70.8% in Q4 2025 [3] Social Services Sector Outlook - Duty-Free: China Duty-Free Group: Expected net profit growth of 29% to 173% in Q4 2025 - Tourism: - Songcheng Performance: Expected net profit growth of -204% to 294% in Q4 2025 - Jiuhua Tourism: Expected net profit growth of 0% to 15% in Q4 2025 [4] Investment Recommendations - The report recommends focusing on sectors with performance elasticity during the Spring Festival, including duty-free, certain tourist attractions, and gold and jewelry [9] - For 2026, the report suggests looking at service consumption and product consumption, particularly in duty-free and travel chains, as well as undervalued segments with improving fundamentals [9]

Investment Rating - The report maintains an "Accumulate" rating for the industry [5] Core Views - The report emphasizes the importance of focusing on sub-sectors with performance elasticity during the upcoming Spring Festival peak season, including duty-free, certain scenic spots, supermarkets, and gold jewelry [9] - It suggests that the recent fundamentals of duty-free and travel chains have improved, warranting ongoing observation and validation [9] - For 2026, the report recommends focusing on service consumption and product consumption, particularly in the duty-free and travel chain sectors, as well as the gold jewelry sector and Miniso, which have high valuation attractiveness [9] Summary by Relevant Sections Retail Sector Outlook for Q4 2025 - Gold Jewelry: - Lao Feng Xiang: Expected net profit growth of -15% to 5% - Zhou Da Sheng: Expected net profit growth of 15% to 30% - Chao Hong Ji: Forecasted net profit of 436 million to 533 million, a year-on-year increase of 125% to 175% - Cai Bai Co.: Expected net profit of 1.06 billion to 1.23 billion, corresponding to a growth of 150% to 254% - Yu Garden Co.: Forecasted loss of 4.312 billion, primarily due to asset impairment provisions [1] - Trendy Toys: - Miniso: Expected revenue growth of 25% to 30%, with adjusted operating profit and net profit growth of 10% to 20% [1] Supermarket and Department Store Outlook for Q4 2025 - Chongqing Department Store: Expected net profit of 1.021 billion, a year-on-year decrease of 22.4% - Wangfujing: Expected net profit of -45 million to -23 million, with a growth rate of -6.6% to 7.3% - Yonghui Supermarket: Expected loss of 2.14 billion, with a growth rate of -3.1% - Jiajiayue: Expected net profit of 198 million to 228 million, growth of 50.1% to 72.8% - Hongqi Chain: Expected net profit growth of -10% to 0% [2] Cross-Border and E-commerce Outlook for Q4 2025 - Small Commodity City: Expected net profit growth of 5% to 15% - Anker Innovation: Expected net profit growth of 10% to 20% - Saiwei Times: Expected net profit of 90 million to 130 million - Huakai Yibai: Expected net profit of 80 million to 110 million, driven by improved operational efficiency [3] Social Services Sector Outlook for Q4 2025 - Duty-Free: China Duty-Free Group: Expected net profit growth of 29% to 173% - Tourism: - Songcheng Performance: Expected net profit growth of -204% to 294% - Tianmu Lake: Expected net profit growth of -10% to 5% [4] Investment Recommendations - The report recommends focusing on companies such as Small Commodity City, China Duty-Free, Huazhu Group, Shoulu Hotel, Jinjiang Hotel, Chao Hong Ji, Jiuhua Tourism, Ruoyu Chen, Qingmu Technology, and Miniso, while also keeping an eye on other companies with potential [10]