飞书消费综合行业总经理付雪冬表示，通过"锦鲲"平台，飞书不仅提供了技术工具，更重要的是助力锦 江酒店（中国区）将数字化能力与 AI 赋能深度嵌入日常运营管理，加速企业高质量发展。 据了解，"锦鲲"平台已于 2025 年 11 月 10 日上线，一周时间内激活率达 100%，并在上线 1 个月内完成 了 20 个重要性高、覆盖面广、使用频次高的系统及程序入口归拢。 新华财经北京1月23日电（记者丁雅雯）记者23日获悉，锦江酒店日前与飞书签署合作协议，双方将联 合打造AI 协同办公平台"锦鲲"。此举意味着锦江酒店数字化转型全面加速。 "AI 发展日新月异，正重塑各行各业的运行逻辑，拥抱AI不是加分项，而是必选题。"锦江酒店（中国 区）首席执行官王伟表示，2026 年被行业视为AI创造价值的分水岭。"锦鲲"的发布是锦江酒店（中国 区）与飞书开展深度合作的起点，更是公司数字化转型、全面拥抱 AI 的重要之举。 "技术的价值，永远要落地到'解决实际问题'上。让 AI 去做它擅长的事，让人去做更有温度的事，提供 更有温度的服务。"王伟强调，面对分布在全国各地的一万多家门店及数万名员工，锦江酒店（中国 区）要做的，不是简单 ...

（记者 王晓波） 每经AI快讯，锦江酒店1月23日晚间发布公告称，公司董事会于2026年1月23日收到公司副总裁赵雁飞 女士的书面辞呈，因到龄退休，赵雁飞女士申请辞去公司副总裁职务。辞任后，赵雁飞女士不再担任公 司任何职务。 每经头条（nbdtoutiao）——地方国资开始"抄底"法拍房！单价六七千元"扫货"广州南沙区超60套房 源，同小区二手房挂牌均价逾2万元 ...

根据《公司法》及《公司章程》等有关规定，赵雁飞女士的辞呈自送达董事 会时生效，赵雁飞女士已按照相关法律法规及公司有关制度做好工作交接，其辞 任不会对公司生产经营产生影响。截至本公告披露日，赵雁飞女士不存在未履行 完毕的公开承诺。公司及公司董事会对赵雁飞女士在任职期间为公司发展做出的 贡献表示衷心的感谢。 证券代码：600754/900934 证券简称：锦江酒店/锦江 B 股 公告编号：2026-004 上海锦江国际酒店股份有限公司 关于公司高级管理人员离任的公告 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： 公司董事会于 2026 年 1 月 23 日收到公司副总裁赵雁飞女士的书面辞呈，因 到龄退休，赵雁飞女士申请辞去公司副总裁职务。辞任后，赵雁飞女士不再担任 公司任何职务。 二、离任对公司的影响 2 1 姓名 离任职务 离任时间 原定任期 到期日 离任原因 是否继续在上 市公司及其控 股子公司任职 是否存在未 履行完毕的 公开承诺 赵雁飞 副总裁 2026 年 1 月 23 日 2028 年 6 月 24 ...

Core Insights - The report emphasizes the structural opportunities in both domestic demand and overseas expansion for 2026, particularly focusing on new services and new retail sectors [2][24] - It highlights the positive resonance between policy and fundamentals, suggesting that leading companies in the commercial sector are likely to benefit from policy stimuli and improve their fundamentals [2][4] Domestic Demand - The report identifies new services and new retail as the main lines for domestic demand, with a focus on the marginal changes in the fundamentals of related sub-sectors [2][5] - Specific sub-sectors showing price increase potential include: - **Hotels**: Strong leisure demand and optimized supply structure, with prices expected to remain stable or slightly increase. Recommended companies include Huazhu Group, Jinjiang Hotels, and Shoulv Hotels [2][3] - **Duty-Free**: With the opening of Hainan, the sector is stabilizing, and China Duty Free is highlighted as a key player [2][3] - **Gold and Jewelry**: The report notes a high volatility in gold prices but anticipates improved terminal sales. Recommended companies include Chow Tai Fook and Lao Puhuang [2][3] - **Mother and Baby**: Leading companies are expected to maintain steady growth, supported by favorable policies. Recommended companies include Kidswant and Aiyingshi [2][3] Sub-Sectors Driven by Volume Growth - The report suggests focusing on the Consumer Price Index (CPI) for sectors primarily driven by volume growth: - **Supermarkets**: CPI increases are beneficial for same-store sales, with a shift in focus from store adjustments to supply chain reforms. Recommended companies include Yonghui Superstores and Jiajiayue [3][5] - **Tourism**: The report highlights the potential for expansion and asset integration in the tourism sector, recommending companies like Jiuhua Tourism and Changbai Mountain [3][5] - **Dining**: Emphasizes refined operations and incentives for leading companies, with recommendations including Yum China and Haidilao [3][5] - **Tea Drinks**: The report notes that delivery subsidies may impact pricing, with store openings expected to drive growth. Recommended companies include Mixue and Gu Ming [3][5] Overseas Expansion - The report indicates that leading companies with high barriers to entry are expected to continue showing strong performance in overseas markets, with a focus on brand building and diversified destinations [4][24] - Recommended companies for overseas expansion include: - **Small Commodity City** and **Miniso**: Both are noted for their strong performance and brand development [4][24] - **Anker Innovations** and **Sumida**: Highlighted for their competitive advantages in specific segments [4][24] Investment Recommendations - The report suggests that for 2026, investors should focus on sectors benefiting from policy support and those with strong performance certainty in overseas markets [5][24] - It emphasizes the importance of monitoring the recovery of volume in certain sectors while maintaining a cautious approach to pricing stability [5][24]

锦江酒店(中国区)副总裁 莫敏俭 锦江酒店(中国区)首席执行官 王伟 "技术的价值，永远要落地到'解决实际问题'上。让 AI 去做它擅长的事，让人去做更有温度的事，提供 更有温度的服务。"她强调，面对分布在全国各地的一万多家门店及数万名员工，锦江酒店(中国区)要 做的，不是简单的"工具升级"，而是一场真正从实际业务出发的"协同进化"，用更高效的协作，创造更 优质的服务体验，持续回馈客户的信任。同时，依靠数字化能力支撑决策，让组织更敏捷响应市场变 化。 面对庞大的门店网络与复杂的管理半径，此次上线的"锦鲲"平台覆盖锦江酒店(中国区)总部、区域及门 店全层级，让沟通协作更闭环。此外，"锦鲲"还可根据不同层级的员工需求，提供千人千面的定制化工 作台界面和功能，适配每个人的业务需求。不同于传统的办公软件，该平台深度融合了飞书的先进协作 能力与锦江酒店(中国区)的业务场景，旨在打通信息堵点，提升决策与执行效率。 "锦鲲的核心作用，就是把先进的 AI 能力融合进来，成为每一位锦江伙伴都能轻松驾驭的日常助手，将 智能转化为解决实际业务问题的真实能力。"锦江酒店(中国区)副总裁莫敏俭在产品发布环节分享 道，"AI 将高效处理 ...

Core Viewpoint - Jinjiang Hotels, despite being the largest hotel group globally, struggles with profitability due to its over-reliance on an expansion model that has led to path dependence and internal inefficiencies [3][6][18] Industry Overview - The chain rate of hotels in China is projected to reach 40.1% by 2024, with the mid-to-high-end market driving industry growth, but competition is intensifying, increasing profitability pressure on leading companies [3] - The shift in consumer preferences from mere accommodation to quality experiences and personalized services is reshaping the hotel industry, emphasizing the need for brand uniqueness and service standardization [5] Company Performance - Jinjiang Hotels operates 13,400 hotels with 1.29 million rooms, yet its net profit is less than 30% of Huazhu's and only 70% of Atour's, highlighting a significant imbalance between scale and efficiency [3][5] - The average room price for Jinjiang Hotels fell to 244.3 yuan in 2024, lower than some budget hotels, indicating a decline in pricing power and profitability [12] Expansion Strategy - Jinjiang's expansion strategy has been characterized by a "merger and acquisition + franchise" model, which has led to a fragmented brand structure with 43 brands, complicating management and diluting brand identity [7][8] - The company has a high franchise ratio of over 94%, which, while expanding its market presence, has resulted in challenges in maintaining service quality and brand consistency [8][11] Challenges and Internal Issues - The lack of effective brand integration post-acquisition has led to internal competition among its brands, resulting in price wars and reduced profitability [9][12] - Complaints regarding service quality have surged, with 4,446 complaints reported in a year, reflecting operational challenges within its franchise model [13] Strategic Adjustments - In response to ongoing challenges, Jinjiang has introduced the "12+3+1" brand strategy, focusing on consolidating resources around key brands to address internal competition and inefficiencies [15][16] - The company aims to enhance its operational management and member engagement to leverage its large customer base of 200 million members, which has not yet translated into competitive advantages [14][16] Future Outlook - The hotel industry in China continues to evolve, with opportunities for Jinjiang to improve its net profit margins, which are currently only 28% of Huazhu's and 45% of Atour's [16] - The success of Jinjiang's strategic adjustments will depend on its ability to streamline its brand portfolio and enhance operational control over its franchise network [17][19]

从资金流向上来看，当日酒店餐饮板块主力资金净流出895.69万元，游资资金净流出5532.07万元，散户 资金净流入6427.76万元。酒店餐饮板块个股资金流向见下表： 证券之星消息，1月22日酒店餐饮板块较上一交易日上涨0.74%，*ST云网领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。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 | 2.26 | 5.12% | 19.43万 | 4381.50万 | | 301073 | 君亭酒店 | 31.05 | 3.02% | 6.02万 | 1.86亿 | | 000428 | 华天酒店 | 3.60 | 1.98% | 29.03万 | 1.04亿 | | 601007 | 金陵饭店 | 8.13 | 1.12% | 12.40万 | 1.00亿 | | 000721 | 西安饮食 | 9.49 | 1.06% | 19.05万 ...

Core Viewpoint - The hotel and catering sector experienced a slight increase of 0.01% on January 20, with Shoulu Hotel leading the gains, while the overall market indices showed a decline [1]. Market Performance - The Shanghai Composite Index closed at 4113.65, down 0.01% - The Shenzhen Component Index closed at 14155.63, down 0.97% [1]. Individual Stock Performance - Shoulu Hotel (600258) closed at 17.96, up 2.51% with a trading volume of 184,500 shares and a turnover of 327 million yuan - ST Yunwang (002306) closed at 2.15, up 0.94% with a trading volume of 175,400 shares and a turnover of 37.7 million yuan - Huatian Hotel (000428) closed at 3.62, up 0.56% with a trading volume of 511,200 shares and a turnover of 181 million yuan - Jinling Hotel (601007) closed at 8.08, down 0.25% with a trading volume of 124,300 shares and a turnover of 100 million yuan - Jinjiang Hotel (600754) closed at 27.44, down 0.36% with a trading volume of 114,100 shares and a turnover of 312 million yuan - Tongqinglou (605108) closed at 20.16, down 0.64% with a trading volume of 42,300 shares and a turnover of 85.4 million yuan - Xianyinshi (000721) closed at 9.61, down 2.04% with a trading volume of 329,200 shares and a turnover of 319 million yuan - Quanjude (002186) closed at 12.24, down 2.93% with a trading volume of 146,100 shares and a turnover of 181 million yuan - Junxi Hotel (301073) closed at 30.80, down 2.99% with a trading volume of 65,600 shares and a turnover of 204 million yuan [1]. Capital Flow Analysis - The hotel and catering sector saw a net outflow of 33.95 million yuan from main funds, while retail investors contributed a net inflow of 31.30 million yuan - The main funds showed a significant outflow from Jinling Hotel (1,482.85 million yuan) and Xianyinshi (2,194.96 million yuan) [1][2]. - Shoulu Hotel had a net inflow of 23.62 million yuan from main funds, while Huatian Hotel saw a net inflow of 14.05 million yuan [2].

每经AI快讯，锦江酒店1月19日晚间发布公告称，截至本公告披露日，公司及下属全资子公司实际发生 的对外担保总额为125915.04万欧元，折合人民币约为102.11亿元，占公司最近一期经审计的归母净资产 的66.27%，不存在逾期担保。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 （记者 曾健辉） 每经头条（nbdtoutiao）——短剧大爆发，吸纳69万人就业！一度送外卖的演员也找到工作：收入还算 可观但太累，剧组常备速效救心丸，拍睡觉戏真能睡着 ...

证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2026-003 上海锦江国际酒店股份有限公司 关于为全资子公司海路投资提供担保的公告 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：本公司全资子公司 Sailing Investment Co, S.à r.l. （卢森堡海路投资有限公司，以下简称"海路投资"） 本次担保金额：10,000 万欧元，截至本公告日，公司为海路投资担保的 余额为 96,525.04 万欧元。 特别风险提示：海路投资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 2026 年 1 月 19 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"）与上海浦东发展银行股份有限公司闸北支行（以 下简称"浦发银行"）就海路投资申请 10,000 万欧元流动资金借款合同签署《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 ...