Market Overview - The hotel and catering sector increased by 0.99% on September 5, with Junting Hotel leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Junting Hotel (301073) closed at 26.05, with a rise of 2.92% and a trading volume of 176,600 shares, amounting to 443 million yuan [1] - Other notable stocks include: - ST Yunwang (002306): closed at 1.91, up 1.60% with a trading volume of 191,700 shares [1] - Jinjiang Hotel (600754): closed at 23.27, up 1.35% with a trading volume of 141,600 shares [1] - Tongqinglou (605108): closed at 21.50, up 1.22% with a trading volume of 105,300 shares [1] - Shoulv Hotel (600258): closed at 15.23, up 1.06% with a trading volume of 203,800 shares [1] - Huatian Hotel (000428): closed at 3.88, up 1.04% with a trading volume of 727,100 shares [1] - Jinling Hotel (601007): closed at 8.20, down 0.49% with a trading volume of 234,500 shares [1] - Quanjude (002186): closed at 12.71, down 0.55% with a trading volume of 176,700 shares [1] - Xi'an Catering (000721): closed at 10.22, down 0.78% with a trading volume of 469,400 shares [1] Capital Flow - The hotel and catering sector experienced a net outflow of 134 million yuan from institutional investors, while retail investors saw a net inflow of 133 million yuan [1] - Specific capital flows for key stocks include: - Shoulv Hotel: net inflow of 3.29 million yuan from institutional investors, but a net outflow of 15.44 million yuan from retail investors [2] - ST Yunwang: net inflow of 3.05 million yuan from institutional investors, with a net outflow of 1.88 million yuan from retail investors [2] - Jinjiang Hotel: net outflow of 8.19 million yuan from institutional investors, with a net inflow of 9.39 million yuan from retail investors [2] - Quanjude: net outflow of 8.65 million yuan from institutional investors, but a net inflow of 9.76 million yuan from retail investors [2] - Xi'an Catering: net outflow of 51.19 million yuan from institutional investors, with a net inflow of 64.94 million yuan from retail investors [2]

Core Viewpoint - Jinjiang Hotels announced the completion of the registration for its 2024 restricted stock incentive plan, indicating a strategic move to motivate and retain key employees through equity participation [1] Group 1 - The registration for the restricted stock grant was completed at the Shanghai branch of China Securities Depository and Clearing Co., Ltd [1] - The registration date for the restricted stock grant is set for September 2, 2025 [1] - The total number of shares for the restricted stock grant is 845,400 shares [1]

Group 1: Restricted Stock Incentive Plan - The company announced the results of the 2024 restricted stock incentive plan, with a total of 845,400 shares reserved for grant [2] - The actual number of shares granted was adjusted from 913,800 to 845,400 due to 9 participants voluntarily waiving their rights [2][3] - The grant price for the restricted stock is set at 11.15 yuan per share [6] Group 2: Grant Details - The effective period for the restricted stock is up to 60 months from the completion of the grant registration [7] - The lock-up period for the granted restricted stock is 24 months, during which the stock cannot be transferred or used as collateral [7] - The company received a total of 9,426,210 yuan from 108 participants for the stock subscription [7][8] Group 3: Financial Impact and Shareholder Structure - The funds raised from the incentive plan will be used to supplement the company's working capital [10] - The stock grant will not change the control of the company as the shares are sourced from the company's own repurchased stock [9] - The total external guarantees provided by the company amount to 911,220.41 million yuan, with no overdue guarantees reported [17] Group 4: Guarantee for Subsidiary - The company provided a guarantee of 40 million euros for its wholly-owned subsidiary, Groupe du Louvre (GDL), for a working capital loan [12] - The total amount guaranteed for GDL is 213.5 million euros, with no counter-guarantee in place [12][13] - GDL reported total assets of 159,695.41 million euros and a net loss of 3,009.07 million euros for the first half of 2025 [13]

证券代码：600754/900934 证券简称：锦江酒店/锦江 B 股 公告编号：2025-048 上海锦江国际酒店股份有限公司 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。 公司董事会确定限制性股票预留授予日后，在实际认购过程中，有 9 名激励 对象自愿放弃认购，涉及股数 68,400 股。因此，本次激励计划预留授予部分的限 制性股票实际授予激励对象人数由 117 人变更为 108 人，预留授予部分的限制性 股票授予数量由 91.38 万股变更为 84.54 万股。 （二）本激励计划授予的限制性股票在各激励对象间的分配情况如下表所示： 获授限制性股 | | | | 占授予登记限制性 | 占公司股本 | | | --- | --- | --- | --- | --- | --- | | 姓名 | 职务 | 票登记数量 | | | | | | | | 股票总量比例 | 总额比例 | | | （万股） | | | | | | | 钱康 | 副总裁 | 2.46 | 2.91% | 0.002% | | | 中层管理及核心骨干人员 ...

Group 1 - The company, Jinjiang Hotels, announced the signing of a guarantee contract with CITIC Bank Shanghai Branch for a €40 million working capital loan for its wholly-owned subsidiary GDL [2] - As of the date of the announcement, the total external guarantees provided by the company and its wholly-owned subsidiaries amounted to RMB 911,220.41 million, with euro guarantees accounting for RMB 844,220.41 million and RMB guarantees for RMB 67,000.00 million [2] - The total guarantees represent 59.14% of the company's most recent audited net assets attributable to shareholders, and there are no overdue guarantees [2]

Group 1 - The core point of the article is that Jinjiang Hotels has signed a guarantee contract with CITIC Bank for a €40 million liquidity loan for its wholly-owned subsidiary GDL, which has been approved by the company's board and shareholders [1] - For the first half of 2025, Jinjiang Hotels' revenue composition includes: 37.3% from continuous franchise services, 36.64% from hotel room sales, 6.49% from booking channels, 6.22% from food and beverage services, and 4.36% from membership card income [1] - As of the report date, Jinjiang Hotels has a market capitalization of 24.5 billion yuan [1]

证券代码：600754/900934 证券简称：锦江酒店/锦江 B 股 公告编号：2025-048 上海锦江国际酒店股份有限公司 2024 年限制性股票激励计划预留授予结果公告 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： ●限制性股票预留授予登记日：2025 年 9 月 2 日 ●限制性股票预留授予登记数量：845,400 股 根据《上市公司股权激励管理办法》的规定，按照上海证券交易所、中国证 券登记结算有限责任公司上海分公司的有关要求，上海锦江国际酒店股份有限公 司（以下简称"公司"或"本公司"）于近日在中国证券登记结算有限责任公司 上海分公司办理完成公司 2024 年限制性股票激励计划（以下简称"激励计划"） 的预留授予登记工作，现将相关事项公告如下： 一、限制性股票授予情况 公司于 2025 年 8 月 8 日召开第十一届董事会第四次会议，审议通过了《关于 向 2024 年限制性股票激励计划激励对象授予预留部分限制性股票的议案》。公司 董事会薪酬与考核委员会发表了核查意见。预留授予具体情况如下： （一 ...

证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2025-049 上海锦江国际酒店股份有限公司 关于为全资子公司 GDL 提供担保的公告 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： 被担保人名称：Groupe du Louvre（卢浮集团，以下简称"GDL"） 本次担保金额：4,000 万欧元，截至本公告日，公司为 GDL 担保的余额为 21,350 万欧元。 特别风险提示：GDL 存在资产负债率超过 70%的情形，请投资者注意投资 风险。 一、担保情况概述 于 2025 年 9 月 4 日，上海锦江国际酒店股份有限公司（以下简称"锦江酒店"、 "本公司"或"公司"）与中信银行股份有限公司上海分行（以下简称"中信银 行"）就 GDL 申请 4,000 万欧元流动资金贷款合同签署《保证合同》。 上述担保事项已经公司第十届董事会第三十八次会议、2024年年度股东会审 议通过。股东会批准并授权公司经营管理层在不超过150,000万欧元的额度范围内 操作上海锦江股份（香港）有限公司（以 ...

Market Overview - The hotel and catering sector increased by 1.15% on September 4, with Tongqinglou leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Key stocks in the hotel and catering sector showed varied performance, with Tongqinglou closing at 21.24, up 3.11%, and Quanjude at 12.78, down 0.16% [1] - The trading volume and turnover for major stocks included: - Junting Hotel: 25.31, up 1.61%, with a turnover of 494 million [1] - Huatian Hotel: 3.84, up 1.59%, with a turnover of 316 million [1] - Xianyin Restaurant: 10.30, up 1.38%, with a turnover of 570 million [1] Capital Flow - The hotel and catering sector experienced a net outflow of 86.87 million from institutional investors and 67.67 million from retail investors, while retail investors saw a net inflow of 155 million [1] - Detailed capital flow for selected stocks showed: - Junting Hotel: Institutional net inflow of 16.16 million, retail net inflow of 1.23 million [2] - Huatian Hotel: Institutional net inflow of 11.60 million, retail net outflow of 14.36 million [2] - Quanjude: Institutional net outflow of 38.44 million, retail net inflow of 56.47 million [2]

Group 1 - The 2025 National Day and Mid-Autumn Festival holiday will have a total of 8 consecutive days off, which is expected to boost travel demand [1] - The Chinese government announced a temporary visa-free policy for Russian passport holders from September 15, 2025, to September 14, 2026, leading to a significant increase in flight searches from Moscow [1] - South Korea will implement a temporary visa-free policy for Chinese group tourists starting September 29, 2025, lasting until June 2026, further enhancing travel opportunities [1] Group 2 - International flight bookings for popular cities have rebounded to over 50% of pre-pandemic levels during this summer, indicating a strong recovery in outbound tourism [2] - Japan and South Korea have emerged as popular destinations, with booking volumes increasing nearly tenfold compared to the beginning of the year, and flight prices dropping by approximately 40% [2] - Visa applications on the Fliggy platform surged over 13 times year-on-year in July, with Japan's visa applications surpassing 2019 levels [2] Group 3 - Various cities in China, including Guangdong, Hangzhou, and Chengdu, are set to issue cultural and tourism consumption vouchers in September to stimulate local tourism [3] - Guangdong will distribute 20 million yuan worth of vouchers starting September 12, while Chengdu will launch its second round of tourism accommodation vouchers from September 21 to October 28 [3] - Other regions, such as Huangshan and Yulin, are also implementing similar voucher programs to encourage spending in the tourism sector [3] Group 4 - The National Development and Reform Commission has proposed measures to cultivate new consumption scenarios in cultural tourism, aiming to create influential themed tourism routes [4] - Following this announcement, stocks related to tourism, such as Tibet Tourism and Dalian Shengya, experienced significant price increases [5] Group 5 - Related concept stocks include travel agencies like Zhongxin Tourism and China Youth Travel Service, scenic spots like Songcheng Performance and Huangshan Tourism, and hotel chains such as Jinjiang Hotels and Huazhu Group [8]