证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2025-064 上海锦江国际酒店股份有限公司 第十一届董事会第八次会议决议公告 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。 上海锦江国际酒店股份有限公司（以下简称"公司"）于 2025 年 12 月 25 日 以电话、电子邮件和书面形式发出会议通知，2025 年 12 月 30 日以通讯方式召开 第十一届董事会第八次会议，会议应参加表决董事 9 名，实际参加表决董事 9 名。 会议审议并通过了如下决议： 一、关于上海吉长堃、上海怀臬、上海鄂汉堃、上海辽堃等 4 家全资子公司 股权转让给关联方的议案 详见公司《上海锦江国际酒店股份有限公司关于转让上海吉长堃、上海怀臬、 上海鄂汉堃、上海辽堃全部股权暨关联交易的公告》（公告编号：2025-065 号）。 本议案已经公司独立董事专门会议审议通过。 关联董事张晓强先生、许铭先生、周维女士回避表决。 表决结果：6 票同意、0 票反对、0 票弃权。 二、关于与上海吉长堃、上海怀臬、上海鄂汉堃、上海辽堃签署房 ...

本次交易是根据公司战略定位和经营发展需要，公司将上海吉长堃100%的股权、上海怀臬100%的股 权、上海鄂汉堃100%的股权及上海辽堃100%的股权出让予锦江资本，公司将不再持有上述4家公司的 任何股权。 格隆汇12月30日丨锦江酒店(600754.SH)公布，锦江酒店通过非公开协议转让的方式向锦江资本转让其 持有的上海吉长堃100%的股权、上海怀臬100%的股权、上海鄂汉堃100%的股权及上海辽堃100%的股 权。上海吉长堃100%股权、上海怀臬100%股权、上海鄂汉堃100%股权、上海辽堃100%股权的交易价 格均以经备案后的评估值为依据确定。本次交易的受让方为锦江资本。锦江资本系本公司控股股东，根 据《上海证券交易所股票上市规则》规定，本次交易属于关联交易。2025年12月30日，锦江酒店与锦江 资本就上海吉长堃100%股权、上海怀臬100%股权、上海鄂汉堃100%股权及上海辽堃100%股权的转让 事宜分别签署了《股权转让协议》。本次交易转让价格合计为人民币2.07亿元。 股权转让完成后，锦江酒店全资子公司旅馆投资公司将与上海吉长堃、上海怀臬、上海鄂汉堃及上海辽 堃分别签署《房屋租赁合同》，租赁上述4家 ...

锦江酒店12月30日公告，公司拟通过非公开协议转让的方式向控股股东锦江资本转让其持有的上海吉长 堃、上海怀臬、上海鄂汉堃、上海辽堃四家公司的全部股权，转让价格合计为2.07亿元。股权转让完成 后，锦江酒店全资子公司将与这四家公司分别签署《房屋租赁合同》，租赁其旗下物业用于酒店经营。 本次交易构成关联交易，但无需提交股东会审议。 ...

Core Viewpoint - Jinjiang Hotels plans to transfer its entire equity holdings in Shanghai Jichangkun, Shanghai Huailian, Shanghai Ehan Kun, and Shanghai Liaokun to Jinjiang Capital through a private agreement for a total price of 207 million RMB [1] Group 1 - The equity transfer will result in Jinjiang Hotels' wholly-owned subsidiary, Shanghai Jinjiang International Hotel Investment Co., Ltd., signing lease agreements with the four companies for their properties to be used for hotel operations [1]

Core Viewpoint - The hotel and catering sector experienced a decline of 1.4% on December 30, with *ST Yunwang leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3965.12, showing a slight decrease of 0.0%, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - The hotel and catering sector stocks showed mixed performance, with notable declines in several key companies [1] Group 2: Individual Stock Performance - *ST Yunwang saw the largest decline at 4.57%, closing at 2.09 [1] - Other significant declines included Jinjiang Hotel down 1.97% to 24.35, and Huazhong Hotel down 1.80% to 3.27 [1] - Xi'an Catering, Junting Hotel, and Quanjude also reported declines ranging from 0.45% to 0.90% [1] Group 3: Capital Flow - The hotel and catering sector experienced a net outflow of 50.32 million yuan from main funds, while retail funds saw a net inflow of 0.70 million yuan [1] - Junting Hotel had a main fund net inflow of 8.01 million yuan, while *ST Yunwang faced a significant outflow of 29.99 million yuan [2] - The overall capital flow indicates a cautious sentiment among institutional investors, contrasting with retail investors' slight interest [2]

Investment Rating - The report maintains a "Buy" rating for all recommended stocks in the consumer sector [11][12][13][14][16][17][21][22]. Core Insights - The report highlights nine advantageous sectors within the consumer industry, including agriculture, retail, social services, automotive, textiles, light industry, food, home appliances, and pharmaceuticals, with key stock recommendations for January 2026 [4][7]. - The report emphasizes the expected growth and profitability of the recommended companies, projecting significant increases in net profits and improvements in cash flow over the next few years [11][12][13][14][16][17][21][22]. Summary by Sector Agriculture - Recommended Stock: Muyuan Foods (牧原股份) - Projected net profits for 2025-2027 are 154.9 billion, 160.2 billion, and 225.5 billion respectively, with corresponding PE ratios of 18, 17, and 12 [11][27]. Retail - Recommended Stock: Shangmei Co., Ltd. (上美股份) - Projected net profits for 2025-2027 are 11.2 million, 14.0 million, and 17.0 million respectively, with corresponding PE ratios of 24, 19, and 16 [12][27]. Social Services - Recommended Stock: Jinjiang Hotels (锦江酒店) - Projected net profits for 2025-2027 are 9.53 million, 10.57 million, and 11.63 million respectively, with corresponding PE ratios of 28, 25, and 23 [13][27]. Automotive - Recommended Stock: Top Group (拓普集团) - Projected net profits for 2025-2027 are 27.8 million, 34.1 million, and 43.3 million respectively, with corresponding PE ratios of 45, 37, and 29 [14][27]. Textiles - Recommended Stock: HLA (海澜之家) - Projected net profits for 2025-2027 are 21.6 million, 23.1 million, and 24.5 million respectively, with corresponding PE ratios of 14, 13, and 12 [16][17][27]. Light Industry - Recommended Stock: Craft Home (匠心家居) - Projected net profits for 2025-2026 are 9.2 million and 12.0 million respectively, with corresponding PE ratios of 22 and 17 [17][27]. Food - Recommended Stock: Wancheng Group (万辰集团) - Projected net profits for 2025-2027 are 12.81 million, 20.46 million, and 26.81 million respectively, with corresponding PE ratios of 30, 19, and 14 [18][27]. Home Appliances - Recommended Stock: Anker Innovations (安克创新) - Projected net profits for 2025-2027 are 26.57 million, 31.98 million, and 38.95 million respectively, with corresponding PE ratios of 22.5, 18.7, and 15.4 [21][27]. Pharmaceuticals - Recommended Stock: Zhaoyan New Drug (昭衍新药) - Projected net profits for 2025-2027 are 0.61 million, 0.85 million, and 0.97 million respectively, with corresponding PE ratios of 31.8, 22.9, and 19.9 [22][27].

招股书显示，截至2024年12月31日，锦江酒店已经开业的酒店家数达到13,416家，客房间数1,290,988间。根据弗若斯特沙利文，按已经开业的酒店家数计 算，公司是中国及全球最大的酒店集团;截至同日，按已经开业的客房间数计算，亦是中国最大、全球第二大的酒店集团。 智通财经APP获悉，上海锦江国际酒店股份有限公司(简称：锦江酒店(600754.SH))于6月29日递交的港股招股书满6个月，于12月29日失效，递表时东方证券 国际为独家保荐人。 ...

上海锦江国际酒店股份有限公司(简称：锦江酒店（600754）(600754.SH))于6月29日递交的港股招股书满6个月，于12月29日失效，递表时东方证券国际为独 家保荐人。 招股书显示，截至2024年12月31日，锦江酒店已经开业的酒店家数达到13,416家，客房间数1,290,988间。根据弗若斯特沙利文，按已经开业的酒店家数计 算，公司是中国及全球最大的酒店集团;截至同日，按已经开业的客房间数计算，亦是中国最大、全球第二大的酒店集团。 ...

招股书显示，截至2024年12月31日，锦江酒店已经开业的酒店家数达到13,416家，客房间数1,290,988间。根据弗若斯特沙利文，按已经开业的酒店家数计 算，公司是中国及全球最大的酒店集团;截至同日，按已经开业的客房间数计算，亦是中国最大、全球第二大的酒店集团。 智通财经APP获悉，上海锦江国际酒店股份有限公司(简称：锦江酒店(600754.SH))于6月29日递交的港股招股书满6个月，于12月29日失效，递表时东方证券 国际为独家保荐人。 ...

Market Overview - The hotel and catering sector experienced a decline of 1.53% on December 29, with Junting Hotel leading the drop [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Individual Stock Performance - *ST Yunwang (002306) closed at 2.19, up 4.78% with a trading volume of 309,100 shares and a turnover of 67.01 million yuan [1] - Tongqinglou (605108) closed at 19.32, down 0.82% with a trading volume of 32,700 shares and a turnover of 63.42 million yuan [1] - Quanjude (002186) closed at 11.62, down 1.27% with a trading volume of 63,000 shares and a turnover of 73.53 million yuan [1] - Jinling Hotel (601007) closed at 7.79, down 1.39% with a trading volume of 110,400 shares and a turnover of 86.04 million yuan [1] - Huatian Hotel (000428) closed at 3.33, down 1.48% with a trading volume of 197,800 shares and a turnover of 65.99 million yuan [1] - Shoulv Hotel (600258) closed at 16.24, down 1.64% with a trading volume of 106,000 shares and a turnover of 173 million yuan [1] - Jinjiang Hotel (600754) closed at 24.84, down 1.70% with a trading volume of 87,900 shares and a turnover of 219 million yuan [1] - Xianyinshi (000721) closed at 86.8, down 1.97% with a trading volume of 241,800 shares and a turnover of 218 million yuan [1] - Junting Hotel (301073) closed at 66.52, down 3.20% with a trading volume of 59,600 shares and a turnover of 156 million yuan [1] Capital Flow Analysis - The hotel and catering sector saw a net outflow of 78.17 million yuan from institutional investors, while retail investors had a net inflow of 73.35 million yuan [1] - The following stocks had notable capital flows: - Shoulv Hotel (600258) had a net inflow of 5.74 million yuan from institutional investors, but a net outflow of 5.21 million yuan from retail investors [2] - *ST Yunwang (002306) had a net inflow of 3.91 million yuan from institutional investors, with retail investors experiencing a net outflow of 3.04 million yuan [2] - Huatian Hotel (000428) had a net inflow of 2.06 million yuan from institutional investors, while retail investors had a net outflow of 1.19 million yuan [2] - Jinjiang Hotel (600754) had a net outflow of 0.70 million yuan from institutional investors, but a significant net inflow of 14.36 million yuan from retail investors [2] - Quanjude (002186) had a net outflow of 2.71 million yuan from institutional investors, while retail investors had a net inflow of 2.14 million yuan [2] - Jinling Hotel (601007) had a net outflow of 3.09 million yuan from institutional investors, with a small net inflow from retail investors [2] - Tongqinglou (605108) had a significant net outflow of 9.46 million yuan from institutional investors, but retail investors had a net inflow of 12.24 million yuan [2] - Junting Hotel (301073) had a substantial net outflow of 28.95 million yuan from institutional investors, while retail investors had a net inflow of 29.76 million yuan [2] - Xianyinshi (000721) had a net outflow of 44.97 million yuan from institutional investors, with a net inflow of 47.85 million yuan from retail investors [2]