Group 1 - The tourism and hotel sector experienced a strong rebound in the afternoon, with Yunnan Tourism hitting the daily limit up, indicating significant investor interest [1] - Changbai Mountain and *ST Yunwang saw increases of over 4%, reflecting positive market sentiment towards these companies [1] - Other companies such as Qujiang Cultural Tourism, Nanjing Commercial Travel, Quanjude, and Tianfu Cultural Tourism also experienced gains, suggesting a broader recovery in the sector [1]

Core Insights - Shaanxi Province is a significant birthplace of Chinese civilization, rich in historical and cultural heritage, and is also a cradle of the Chinese revolution, with abundant red cultural resources [1] - In 2024, Shaanxi Province is expected to receive 817 million domestic and international tourists, a year-on-year increase of 13.95%, with total tourism revenue reaching 766.8 billion yuan, up 16.50% [1] Overview of the Tourism Industry - The tourism industry in Shaanxi encompasses various activities, resources, and services, including tourism planning, management, and economic activities, leveraging the province's rich natural and cultural resources [2] - Shaanxi's tourism can be categorized into different types based on resource types and themes, such as historical culture tours, red tourism, and ecological tourism [2] Industry Classification - Shaanxi boasts numerous historical and cultural sites, including the Terracotta Army and Mount Huashan, alongside natural attractions like the Hukou Waterfall [3] Market Policies - The Chinese government has implemented various policies to support tourism development, including measures to enhance market order and promote smart tourism, with Shaanxi actively responding with local initiatives [5] Industry Chain - The upstream of Shaanxi's tourism industry includes the development of natural and cultural attractions, while the downstream focuses on consumer services, with a growing demand for diverse and personalized tourism experiences [6] Current Development Status - The tourism sector in Shaanxi has seen significant growth due to rising incomes, improved infrastructure, and changing consumer behaviors, with a notable increase in both domestic and international tourist numbers [9] Competitive Landscape - The tourism market in Shaanxi is characterized by a diverse and fragmented structure, with major players including Xi'an Qujiang Cultural Tourism Co., Ltd. and Shaanxi Tourism Group, which dominate the market with their resources and operational capabilities [10] Future Development Trends - The tourism industry in Shaanxi is expected to shift towards more experiential and content-driven offerings, moving away from traditional sightseeing to deeper cultural engagement, with a focus on unique local brands and IPs [12]

证券代码：600706 证券简称：曲江文旅 编号：临 2025-061 西安曲江文化旅游股份有限公司 关于持股 5%以上股东司法过户暨权益变动 触及 1%刻度的提示性公告 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 | 权益变动方向 | 比例增加□比例减少☑ | | --- | --- | | 权益变动前合计比例 | 38.54% | | 权益变动后合计比例 | 36.97% | | 本次变动是否违反已作出的承诺、意向、计划 | 是□否☑ | | 是否触发强制要约收购义务 | 是□否☑ | 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 | 投资者及其一 | ☑控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 致行动人的身 | | | | □合并口径第一大股东及其一致行动人（仅适用于无控股股东、实际控制人） | | 份 | | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名 ...

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].

Core Viewpoint - Qujiang Cultural Tourism has shown a significant stock price increase this year, with a notable rise in recent trading days, indicating positive market sentiment despite some financial challenges [2][3]. Group 1: Stock Performance - As of November 12, Qujiang Cultural Tourism's stock price increased by 2.26%, reaching 11.32 CNY per share, with a total market capitalization of 2.887 billion CNY [1]. - The stock has risen 17.92% year-to-date, with a 6.69% increase over the last five trading days, 10.87% over the last 20 days, and 8.85% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Qujiang Cultural Tourism reported a revenue of 738 million CNY, a year-on-year decrease of 30.68%, while the net profit attributable to shareholders was -24.84 million CNY, reflecting an 86.26% increase in losses compared to the previous year [3]. - The company has not distributed any dividends in the last three years, with a total payout of 18.48 million CNY since its A-share listing [4]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders decreased to 40,900, while the average circulating shares per person increased by 4.76% to 6,214 shares [3]. - Among the top ten circulating shareholders, the Fortune CSI Tourism Theme ETF increased its holdings by 1.1151 million shares, while the Huaxia CSI Tourism Theme ETF raised its stake by 221,100 shares [4].

Core Insights - The tourism and scenic spots sector experienced a decline of 0.78% on November 11, with Dalian Shengya leading the drop [1][2] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Sector Performance - The tourism and scenic spots sector saw a net outflow of 215 million yuan from main funds, while retail investors contributed a net inflow of 320 million yuan [2][3] - Notable performers included *ST Zhang Guo, which rose by 4.99% to close at 9.26 yuan, and Qujiang Cultural Tourism, which increased by 2.41% to 11.07 yuan [1][2] Individual Stock Movements - Dalian Shengya's stock price fell by 6.62% to 47.40 yuan, with a trading volume of 140,800 shares and a transaction value of 676 million yuan [2] - Other stocks that declined include Changzi Mountain (-3.80%), Lingnan Holdings (-3.47%), and Jiuhua Tourism (-1.52%) [2] Fund Flow Analysis - The main funds showed a net inflow in stocks like Qujiang Cultural Tourism (30.1 million yuan) and Songcheng Performance (14.89 million yuan), while stocks like *ST Zhang Guo and Xiangyuan Cultural Tourism experienced outflows [3] - Retail investors showed a significant net inflow in stocks like Jiuhua Tourism, indicating a potential shift in investor sentiment [3]

证券代码：600706 证券简称：曲江文旅 公告编号：2025-060 西安曲江文化旅游股份有限公司 2025年第三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。 重要内容提示： （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 | 406 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 116,392,728 | | 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（%） | 45.6335 | （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。 （五）公司董事、监事和董事会秘书的出席情况 1、公司在任董事8人，出席8人； 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 7 日 （二）股东大会召开的地点：曲江银座酒店 2、公司在任监事3人，出席3人； 3、董事会秘书（代行）出席了本次会议；其他高管列席了 ...

深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 北京国枫（深圳）律师事务所 关于西安曲江文化旅游股份有限公司 2025 年第三次临时股东大会的 1 3．本所及经办律师依据《证券法》《证券法律业务管理办法》《证券法律业务执 业规则》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履行了法定 职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认 定的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误导 性陈述或者重大遗漏，并承担相应法律责任； 4．本法律意见书仅供贵公司本次会议之目的使用，不得用作任何其他用途。本所 律师同意将本法律意见书随贵公司本次会议决议一起予以公告。 法律意见书 国枫律股字[2025]C0124 号 致：西安曲江文化旅游股份有限公司（贵公司） 北京国枫（深圳）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2025 年第三次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法 ...

证券代码：600706 证券简称：曲江文旅 编号：临 2025-059 西安曲江文化旅游股份有限公司 关于司法拍卖进展暨权益变动的提示性公告 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： ● 截止本公告披露日，西安曲江文化旅游股份有限公司（简称"本公司"） 控股股东西安曲江旅游投资（集团）有限公司（简称"旅游投资集团"），持有 本公司股份 98,301,088 股，占本公司总股本的比例为 38.54%。 本公司于 2025 年 10 月 15 日披露了《关于控股股东所持部分股份拟被拍卖的 提示性公告》（编号：临 2025-050）。本公司于 11 月 5 日收到控股股东旅游投资 集团通知，主要内容"西安曲江文化金融控股(集团)有限公司在西安市雁塔区人 民法院股票司法拍卖项目中，竞得 10,358,215 股。该竞买人网络拍卖成交价格 100,371,103.35 元，单价为 9.69 元/股。我司将持续关注拍卖结果进展情况，进 展情况将及时告知上市公司。" ● 本公司于 11 月 5 日收到控股股东旅游投资集 ...

证券代码：600706 证券简称：曲江文旅 编号：临 2025-058 二、董事会会议审议情况 会议审议并全票通过了《公司关于申请使用浙商银行股份有限公司西安分行 综合授信的议案》。 西安曲江文化旅游股份有限公司 第十届董事会第三十四次（临时）会议决议公告 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。 一、董事会会议召开情况 1、西安曲江文化旅游股份有限公司第十届董事会第三十四次（临时）会议的 召开符合《公司法》《证券法》《上海证券交易所股票上市规则》等有关规定和《公 司章程》的规定。 2、会议通知和材料于 2025 年 11 月 4 日以通讯和邮件方式发出。 3、会议于 2025 年 11 月 5 日以通讯方式召开。 4、会议应参加董事 8 人，实际参加董事 8 人。 5、会议由董事长庄莹女士主持。 特此公告。 公司向浙商银行股份有限公司西安分行申请最高余额不超过 9000 万元人民币 （或等值外币）的 1 年期综合授信额度，其中 5000 万元由西安曲江文化产业投资 （集团）有限公司提供连带责任保证，4000 万元为信用 ...