证券代码：600576 证券简称：祥源文旅 公告编号：临 2025-057 浙江祥源文旅股份有限公司 2025年第四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。 (二)股东大会召开的地点：杭州市密渡桥路 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： 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 11 月 12 日 | 1、出席会议的股东和代理人人数 | 385 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 653,667,406 | | 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 | | | 份总数的比例（%） | 61.9855 | (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。 本次会议由公司董事会召集，董事长王衡先生主持，大会的召集、召开及表决方 式符合《公司法》等法律、法规和《公司章程》的有关 ...

浙江六和律师事务所 关于浙江祥源文旅股份有限公司 2025 年第四次临时股东大会的法律意见书 浙六和法意（2025）第 2066 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《上市公司股东大会规 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 2025 年第四次临时股东大会，对本次股东大会的召集和召开 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 2025 年第四次临时股东大会之目的使用。本所 律师同意将本法律意见书随祥源文旅本次股东大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 2025 年第四次临时股东大会，对祥源文 旅本次股东大会所涉及的 ...

Core Viewpoint - Xiangyuan Cultural Tourism (600576) announced a shareholder reward activity aimed at enhancing shareholder engagement and loyalty through various benefits [1] Group 1: Shareholder Reward Activity - The activity will take place from November 13, 8:00 AM to December 31, 24:00 [1] - Eligible shareholders are those registered with the China Securities Depository and Clearing Corporation in Shanghai as of November 6, 3:00 PM [1] - Reward policies include free access to scenic area attractions such as elevators, cable cars, and boats, as well as a "buy one, get one free" offer for specified hotel room types [1]

Core Viewpoint - Xiangyuan Cultural Tourism (600576.SH) announced a shareholder reward program to express gratitude for shareholder support, scheduled from November 13 to December 31, 2025 [1] Group 1: Shareholder Reward Program - The reward program includes free access to attractions such as observation elevators, cable cars, and boats within the scenic area [1] - There is a promotional offer for hotel stays, where booking one designated room allows for a second room free of charge [1] - Shareholders can participate by verifying their identity through a WeChat mini-program to claim their benefits [1] Group 2: Program Terms - The company retains the right to interpret the activity, which does not constitute profit distribution [1] - Shareholders who do not participate or fail to successfully participate will not have any other rights [1]

Core Viewpoint - The tourism and scenic area sector experienced a decline of 0.28% on November 12, with Lingnan Holdings leading the drop. The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1]. Group 1: Market Performance - The tourism and scenic area sector saw a mixed performance among individual stocks, with notable gainers including Xiangyuan Cultural Tourism, which rose by 3.58% to close at 7.81, and Caesar Travel, which increased by 2.44% to 7.56 [1]. - Lingnan Holdings led the decline with a drop of 3.05%, closing at 12.39 [2]. - The overall trading volume for the tourism and scenic area sector was significant, with Caesar Travel recording a trading volume of 210.98 million shares and a transaction value of 1.612 billion [1]. Group 2: Capital Flow - The sector experienced a net outflow of 52.65 million from institutional investors and 71.76 million from speculative funds, while retail investors saw a net inflow of 124 million [2]. - Key stocks such as Caesar Travel and Xiangyuan Cultural Tourism had varying capital flows, with Caesar Travel seeing a net inflow of 81.60 million from institutional investors, while Xiangyuan Cultural Tourism had a net outflow of 7.78 million from speculative funds [3]. - The overall sentiment in the sector indicates a cautious approach from institutional and speculative investors, contrasted by a more favorable reception from retail investors [2][3].

证券代码：600576 证券简称：祥源文旅 公告编号：临 2025-056 浙江祥源文旅股份有限公司 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。 重要内容提示： 投资者可于 2025 年 11 月 12 日至 11 月 18 日 16:00 前登录上证路演中心网站 首页点击"提问预征集"栏目或通过浙江祥源文旅股份有限公司（以下简称"公 司"）邮箱（irm@600576.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。 公司已于 2025 年 10 月 25 日在《中国证券报》《上海证券报》《证券时报》 《证券日报》及上海证券交易所网站(https://www.sse.com.cn)披露《2025 年 第三季度报告》，为便于广大投资者更全面、深入地了解公司情况，公司决定于 2025 年 11 月 19 日上午 11:00-12:00 举行 2025 年第三季度业绩说明会，就投资 者关心的问题进行交流。 本次业绩说明会以网络互动形式召开，公司将针对 2025 ...

Market Overview - The tourism and scenic spots sector increased by 2.42% compared to the previous trading day, with Sanxia Tourism leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Performing Stocks - The top ten stocks in the tourism and scenic spots sector showed significant gains, with Sanxia Tourism (002627) closing at 6.47, up 5.20% with a trading volume of 367,000 shares and a turnover of 233 million [1] - Other notable performers included Dalian Shengya (600593) with a 4.88% increase, closing at 50.76, and *ST Zhanggu (000430) with a 4.63% increase, closing at 8.82 [1] Fund Flow Analysis - The tourism and scenic spots sector experienced a net inflow of 53.35 million from main funds, while retail funds saw a net outflow of 55.04 million [1] - Retail investors contributed a net inflow of 1.69 million, indicating mixed sentiment among different investor types [1] Individual Stock Fund Flow - Songcheng Performing Arts (300144) had a significant net outflow of 33.45 million from main funds, while Jiuhua Tourism (603199) saw a net inflow of 33.34 million [2] - Sanxia Tourism (002627) recorded a net inflow of 22.16 million from main funds, despite a net outflow of 9.41 million from retail investors [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The low-altitude economy is experiencing significant growth, with multiple orders signed at the China International Import Expo, indicating strong market demand and potential for future expansion [17][19] - Strategic collaborations, such as the partnership between Shenzhou Car Rental and Volant, are enhancing the integration of ground and air transportation services, which is expected to improve operational efficiency and customer experience [23] - The establishment of manufacturing bases and headquarters in Shanghai by companies like Shizhi Technology is expected to drive the development of the advanced manufacturing industry in the Yangtze River Delta region [25] Summary by Sections 1. Weekly Sector Review - The average weekly change for the low-altitude economy sector was +0.3%, with Wanzhe Co. leading the gains at +30.3% [4][10] - The top five gainers included Wanzhe Co. (+30.3%), Keli Co. (+17.5%), and Yunlu Co. (+16.1%), while the top five losers included Hangxin Technology (-17.2%) and Lingnan Holdings (-10.6%) [10][12] 2. Industry Dynamics - Shenzhou Car Rental and Volant signed a strategic cooperation agreement to develop a "ground + air" commuting solution, marking a significant step in the integration of transportation services [23] - On November 8, Jinan signed contracts for eight low-altitude economic projects, including the AS700 manned airship delivery center, which will support low-altitude tourism and emergency command scenarios [24] 3. Individual Company Developments - Shizhi Technology announced the establishment of its headquarters and manufacturing base in Shanghai, securing a 700 million yuan credit line and signing a procurement agreement for 100 eVTOLs [25] - Volant signed agreements for 95 eVTOLs at the Import Expo, totaling 2.375 billion yuan, and secured a high-level commercial passenger eVTOL order [26] - Yufeng Future showcased its upgraded passenger eVTOL product and signed intention orders for 200 eVTOLs, exceeding 2 billion yuan in total [27]

Investment Rating - The investment rating for the company is "Buy" [5] Core Views - The company has shown steady growth in performance, with revenue for the first three quarters of 2025 reaching 844 million yuan, a year-on-year increase of 35.29%, and a net profit attributable to shareholders of 156 million yuan, up 41.80% year-on-year [1] - Continuous innovation in products, business formats, and operational models is expected to ensure long-term development potential [2] - Despite potential underperformance in financial results for the year due to changes in the consumer environment and weaker seasonal performance, the company is anticipated to maintain significant long-term growth potential [3] Financial Performance Summary - For Q3 2025, the company achieved revenue of 343 million yuan, a year-on-year increase of 35.11%, and a net profit of 65 million yuan, up 27.33% year-on-year [1] - The gross margin for Q3 2025 slightly increased by 0.7 percentage points to 52.5%, while the net profit margin decreased by 1.1 percentage points to 18.8% [1] - The company is projected to achieve revenues of 1.21 billion yuan, 1.58 billion yuan, and 1.91 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 230 million yuan, 401 million yuan, and 501 million yuan for the same years [3][4] Product and Business Model Innovation - The company has launched several innovative products, including large-scale immersive shows and interactive experiences, enhancing the attraction of its tourist destinations [2] - The exploration of various possibilities in the "cultural tourism +" model and the introduction of light asset management and EPC+O operational models are expected to create new growth avenues [2]

2025年第四次临时股东大会 会 议 资 料 浙江祥源文旅股份有限公司 二〇二五年十一月十二日 ⽬ 录 | 2025年第四次临时股东大会会议须知 2 | | --- | | 2025年第四次临时股东大会表决及选举办法 3 | | 2025年第四次临时股东大会会议议程 5 | | 议案一：关于取消监事会并修订《公司章程》的议案 6 | | 议案二：逐项审议《关于新增、修订、废止公司部分管理制度的议 | | 案》 7 | 1 浙江祥源文旅股份有限公司 2025年第四次临时股东大会会议须知 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2025年第四次临时股东大会期间依法行使 权利，保证股东大会的正常秩序和议事效率，依据中国证券监督管理委员会《上市公司股 东会规则》的有关规定，制定如下有关规定： 一、凡参加现场会议的股东请按规定出示股东账户卡、身份证或法人单位证明以及授 权委托书等证件，经验证后领取会议资料，方可出席会议。 二、大会正式开始后，迟到股东人数、股权额不计入表决数。特殊情况，应经主席团 同意并向大会签到处申报。 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 ...