证券代码：600826 证券简称：兰生股份 公告编号：2026-003 东浩兰生会展集团股份有限公司 关于公司 2025 年度日常关联交易情况及 2026 年度日 常关联交易预计的公告 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个别及连带责任。 重要内容提示： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1.董事会审议情况 东浩兰生会展集团股份有限公司（以下简称"公司"）于 2026 年 3 月 19 日召开第十一届董事会第十七次会议，审议通过了《关于公司 2025 年度日常关 联交易情况及 2026 年度日常关联交易预计的议案》。公司 9 名董事中，2 名关 联董事回避表决。 于公司 2025 年度日常关联交易情况及 2026 年度日常关联交易预计的议案》，并 同意将该议案提交公司董事会审议，独立董事发表意见如下： 公司日常关联交易是基于正常生产经营的需要，公司及下属子公司按照市场 公允价格向关联法人采购销售商品、提供劳务及接受劳务、承租支付租金等，是 充分利用关联法人的资源，发挥协同效应，提高公司整体竞争力，实现 ...

一、同意《关于公司 2025 年度日常关联交易情况及 2026 年度日常关联交 易预计的议案》。 基于公司正常生产经营活动所需，同意 2026 年度公司及下属子公司在预计 总额度 23,550.00 万元内开展日常关联交易（额度不含租用上海世博展览馆的支 出）。 证券代码：600826 证券简称：兰生股份 公告编号：2026-002 东浩兰生会展集团股份有限公司 第十一届董事会第十七次会议决议公告 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个别及连带责任。 东浩兰生会展集团股份有限公司（以下简称"公司"）第十一届董事会第十 七次会议于 2026 年 3 月 19 日以通讯方式召开，会议通知及材料于 2026 年 3 月 16 日以书面及电子邮件的方式发出。会议应出席董事 9 人，实际出席董事 9 人， 审议关联事项时，关联董事回避表决。会议的召开符合《中华人民共和国公司法》 和公司章程的规定。经与会董事审议，通过如下决议： 本议案尚需提交公司股东会审议。 具体内容详见公司披露的《东浩兰生会展集团股份有限公司关于 2025 年度 日常 ...

Core Viewpoint - The article highlights the launch of the "Next-Gen IC Expo" (NICE) at the China International Industry Fair, emphasizing its role as a national-level platform for the integrated circuit industry, aimed at fostering collaboration and innovation within the sector [1][3][11]. Group 1: Event Overview - The NICE was inaugurated on March 11, 2026, in Chengdu, with participation from government and industry leaders, marking a significant step in the development of China's integrated circuit industry [1][3]. - The event's theme focuses on collaboration between production, investment, and research to build a robust chip ecosystem, transitioning the industry from "filling gaps" to becoming a "pillar" of the economy [1][3]. Group 2: Industry Significance - The China International Industry Fair has a long-standing reputation and serves as a critical platform for the industrial sector, leveraging government support and extensive resources [3]. - NICE represents a significant upgrade from a previous integrated circuit exhibition to an independent professional exhibition, aiming to facilitate the integration of chip technology with industrial applications [3][11]. Group 3: Key Participants and Contributions - Key figures, including representatives from the Shanghai Municipal Economic and Information Commission and the East Hao Lansheng Exhibition Group, expressed their commitment to enhancing collaboration between regions and industries [3][5]. - The event featured discussions on practical applications of integrated circuits in various sectors, including industrial automation and smart manufacturing, providing valuable insights for both upstream chip manufacturers and downstream manufacturers [7][9]. Group 4: Exhibition Details - The exhibition area for NICE spans 13,000 square meters, more than doubling its size compared to 2025, and is supported by over 30,000 square meters of exhibition space from the China International Industry Fair [13]. - The event includes six core exhibition areas focused on IC design, manufacturing, testing, and application, creating a complete ecosystem from chips to applications [13].

证券代码：600826 证券简称：兰生股份 公告编号：2026-001 东浩兰生会展集团股份有限公司 关于对外投资进展暨下属公司完成工商登记的公告 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个别及连带责任。 一、对外投资概述 东浩兰生会展集团股份有限公司（以下简称"公司"）于 2025 年 11 月 26 日召开了第十一届董事会第十六次会议，审议通过了《关于下属公司增加注册资 本的议案》，同意全资子公司上海东浩兰生会展（集团）有限公司以自有资金对 上海东浩兰生体育有限公司进行增资，注册资本从人民币 300 万元增加到人民币 5,300 万元。详见公司于 2025 年 11 月 27 日披露的《东浩兰生会展集团股份有 限公司关于下属公司增加注册资本的公告》（"临 2025-044"号）。 二、对外投资进展 近日，上海东浩兰生体育有限公司已完成增资，并取得了上海市市场监督管 理局颁发的《营业执照》，相关登记信息如下： 服务）；数字文化创意内容应用服务；组织文化艺术交流活动；体验式拓展活动 及策划；图文设计制作；广告制作；广告发布；广告设 ...

Summary of Conference Call on Cultural Tourism and Sports Events Industry Overview - The conference call focused on the cultural tourism and sports events sectors, highlighting the impact of new government policies on these industries, particularly in 2026 [1][2]. Key Points and Arguments Government Policies - The 2026 government work report emphasizes "high-quality development of the cultural tourism industry" and supports the implementation of paid leave and staggered holidays, which is expected to boost tourism demand significantly [2][3]. - The introduction of "spring and autumn breaks" is anticipated to enhance off-peak capacity utilization in major tourist attractions, improving revenue and profit stability [3]. Company Highlights - **Lijiang Co.**: - The company is set to expand its Yak Niu Ping cableway in March 2026, increasing capacity from 360 to 1,900 passengers per hour, which is expected to alleviate long-standing visitor bottlenecks and enhance profits post-2028 [1][8]. - Post-pandemic, Lijiang's revenue and profits have surpassed pre-pandemic levels, driven by improved transportation infrastructure and increased visitor flow [10]. - **Song City Performance**: - The company anticipates a slight increase in visitor numbers for its "Eternal Love" projects in Q1 2026, supported by new policies that extend travel windows [5]. - The company is also developing a light-asset project in Qingdao and a heavy-asset project in Thailand, which are expected to contribute to growth [5]. - **Jiuhua Tourism**: - The company focuses on cultural tourism with a high repeat visitor rate, driven by its Buddhist cultural experiences. The Lion Peak cableway project is expected to contribute to revenue growth starting in late 2026 [6][7]. - **JunTing Hotels**: - Positioned as a leading domestic high-end hotel brand, benefiting from the growth in high-end demand and the advancement of REITs [4]. - **Lisheng Sports**: - The company plans to enter the golf sector in 2025, maintaining a revenue growth rate of over 10% [1]. Market Dynamics - The sports events economy is highlighted as a new focus area in the government report, with an emphasis on developing more community sports events [2]. - The sports venue operation sector is transitioning to a light-asset model, enhancing operational efficiency and profitability [12][13]. Valuation Insights - Current valuations for tourism and hotel stocks have returned to relatively low levels, suggesting potential for re-evaluation as demand increases [2][4][5]. - Jiuhua Tourism is estimated to have a valuation of around 20 times earnings, which is considered attractive compared to peers [6][7]. Risks and Considerations - The overall performance of Lijiang Co. has been stable, but there is a need for improved visitor growth to enhance profitability further [10]. - The sports industry is still in its early stages of marketization, which may limit immediate profitability for many companies [15][16]. Additional Important Content - The conference highlighted the importance of cultural attributes in driving repeat visits, particularly for Jiuhua Tourism, which differentiates itself from typical tourist attractions [6]. - The potential for increased collaboration between tourism and sports sectors is noted, with companies like Lisheng Sports and JunTing Hotels positioned to benefit from this trend [1][4][12]. This summary encapsulates the key insights from the conference call, focusing on the implications of government policies, company strategies, market dynamics, and valuation considerations within the cultural tourism and sports events sectors.

Investment Rating - The report rates the industry as "Overweight," indicating a positive outlook for the consumption and modern service sectors, which are expected to outperform the overall market [1]. Core Insights - The government work report from the Two Sessions on March 5, 2026, sets an economic growth target of 4.5%-5.5% and introduces a systematic policy mix to boost domestic demand and improve livelihoods, including significant financial support for consumption and service sectors [1]. - The focus is on enhancing service quality in tourism, accommodation, and dining, while also promoting urbanization to drive the development of lifestyle services [1]. - The report emphasizes the dual empowerment of policies and capital markets, with the introduction of more inclusive listing standards on the ChiNext board to support new consumption and modern service enterprises [1]. Summary by Sections Policy Direction - The report highlights that the policy direction for 2026 will prioritize the expansion and quality enhancement of the cultural tourism and modern service industries, with a notable increase in policy support [2]. - It aims to release the potential of service consumption, focusing on areas such as leisure tourism, sports events, healthcare, and the silver economy, while also addressing maternity and childcare services [2]. Demand and Supply Side - On the demand side, the report outlines measures such as a CNY 250 billion special bond to support the replacement of automobiles and home appliances, and a CNY 100 billion special fund to enhance consumer credit and service financing [2]. - On the supply side, it emphasizes the need for high-quality service supply and market environment optimization, including the establishment of national standards and the promotion of "China Service" brands [2]. Capital Market Support - The report indicates that the capital market will play a crucial role in empowering consumption services, with the ChiNext board reform aimed at facilitating financing for quality innovative enterprises in the service sector [2]. - This dual approach of policy and capital support is expected to drive the expansion and quality improvement of the consumption and service industries [2]. Investment Recommendations - The report suggests specific investment opportunities in various sectors, including: - Cultural tourism: Sanxia Tourism, Santai Cableway, Songcheng Performance, Jiuhua Tourism, Lijiang Co [2]. - Hotel accommodation: Huazhu, Atour, Shoulv Hotel, Junting Hotel [2]. - AI and human resources services: Core International, Beijing Human Resources, Liepin [2]. - Tourism retail and sports industry: China Duty Free, Zhuhai Duty Free Group, Lansheng Co, Lisheng Sports [2]. - Maternity and infant consumption: Shengbeila, Kidswant [2].

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector [3]. Core Insights - The 2026 Spring Festival will feature a "9-day no work adjustment" policy, leading to a high public satisfaction rate of 92.9%. This extended holiday is expected to significantly boost travel and consumption during the Spring Festival period [7][8]. - The aviation sector anticipates a record passenger volume of 95 million during the 40-day Spring Festival travel period, representing a year-on-year increase of 5.3%. The number of flights planned by domestic airlines is expected to reach 657,000, also up by 5% [8]. - The domestic tourism market is experiencing diverse growth, with family travel becoming increasingly popular. The proportion of family travelers is expected to reach 39%, while the elderly demographic (aged 60 and above) will account for 19% of travelers [18][20]. - There is a notable increase in outbound travel demand, with booking volumes rising nearly 40% year-on-year. Southeast Asia is dominating international travel routes, capturing nearly 50% of outbound flights, while flights to Japan have decreased significantly [31][40]. Summary by Sections 1. Expansion of Aviation and Railway Capacity - The Spring Festival travel period will see a significant increase in passenger flow, with the aviation sector expecting 95 million passengers, and the railway sector projecting 539 million passengers, both reflecting a 5% increase year-on-year [8][16]. 2. Emergence of Diverse Customer Groups - Family travel is on the rise, with a notable increase in the average booking price for family accommodations, which is 9% higher than other types. The demand for larger, more private accommodations is also increasing, with a 77% year-on-year growth in bookings for standalone villas during the winter holiday [18][20]. 3. Restructuring of Destination Patterns - Outbound travel is seeing a shift, with Thailand regaining its position as the top destination. The demand for long-haul and differentiated travel experiences is becoming mainstream, with a significant increase in interest for destinations like Turkey and New Zealand [31][42]. 4. Investment Analysis Recommendations - The report suggests focusing on companies that can leverage the benefits of the extended holiday and the growth in inbound and long-haul outbound travel. Recommended sectors include tourism attractions, exhibition and sports events, human resources, hotels, and duty-free retail [43].

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [13]. Core Insights - The report highlights the recent policy benefits in the service consumption sector, emphasizing the importance of optimizing and expanding service supply to foster new growth points in service consumption. The government's plan includes 12 measures across key and potential areas, aiming to enhance service quality and support economic development [1][3]. - The focus on supply-side structural reforms is expected to stimulate both short-term and long-term consumer demand, promoting a virtuous cycle of employment, income, and consumption, thereby providing long-term support for economic growth [3][7]. - Key areas of focus include transportation, domestic services, cultural tourism, and sports events, with potential areas such as performance services and experiential consumption also highlighted for their growth potential [3][7]. Summary by Relevant Sections Policy Support Areas - The report outlines three main policy support areas with twelve specific measures, including: 1. Transportation services aimed at integrating tourism and enhancing service quality [7]. 2. Domestic services focusing on innovation and skill training [7]. 3. Cultural tourism services that encourage infrastructure development and enhance consumer experiences [7]. Potential Growth Areas - The report identifies potential growth areas such as performance services, sports events, and experiential consumption, which are expected to drive demand in related sectors like accommodation and dining [3][7]. Financial and Structural Support - The report emphasizes the need for a robust support system, including the establishment of standards, credit building, and financial backing to ensure the stable development of service consumption [3][7].

Group 1 - The core viewpoint of the article highlights the recent revaluation of companies involved in reusable rocket technology, specifically mentioning Jin Feng Technology and Yuexiu Capital, which have seen significant stock price increases due to their holdings in Blue Arrow Aerospace and Zhongke Yuhang [2] - The company, Lansheng Co., Ltd. (600826.SH), clarified that it does not directly hold shares in Blue Arrow Aerospace and Weina Starry Sky, but has a small stake through a private investment fund, owning 0.2550% of Blue Arrow Aerospace and 1.31% of Weina Starry Sky [2]

Group 1 - The company does not directly hold shares in Blue Arrow Aerospace Technology Co., Ltd. [2] - The company has a stake in Shanghai Dongrui Huizhan Private Investment Fund Partnership (Limited Partnership), which holds approximately 0.2550% of Blue Arrow Aerospace's equity [2]