Core Viewpoint - The market is currently experiencing structural opportunities, particularly with a "seesaw" phenomenon between technology stocks and high-dividend assets, as technology stocks strengthen while bank sector high-dividend assets undergo a correction [1]. Group 1: Technology Stocks and AI - Technology stocks, especially in the AI sector, have shown significant strength, with hardware and application segments both rising, leading to a boost in the TMT (Technology, Media, and Telecommunications) sector [1]. - Notable stocks in the AI sector include New Yi Sheng (300502), which rose by 11.69%, and Zhong Ji Xu Chuang (300308), which increased by 1.54%, with trading volumes of 130 billion and 101.7 billion respectively, ranking first and second in A-shares [1]. - The human-shaped robot and innovative drug sectors are also experiencing a rebound, with stocks like Wang Wei New Material and Rong Tai Co. seeing significant gains [1]. Group 2: Human-shaped Robots - The human-shaped robot sector has rebounded significantly, positively impacting the overall market, with multiple related sectors such as PEEK materials, motors, automotive parts, and industrial mother machines also rising [4]. - Key stocks in this sector include Rong Tai Co. (605133) and Zhejiang Rong Tai (603119), both hitting the daily limit up with increases of 10.01% and 10.00% respectively [6][5]. - The industry is in a relatively early stage, with expectations for broader applications in service, household, industrial, and rescue scenarios over the next 3 to 5 years, despite facing challenges in large-scale application [8]. Group 3: New Consumption Trends - The new consumption sectors, including the "Guzi Economy," pet economy, and beauty care, have collectively risen, indicating a rebound in consumer spending [10]. - In the "Guzi Economy," stocks like Tian Di Online and Hengdian Film & Television hit the daily limit up, reflecting strong market interest [10]. - The pet economy is also thriving, with Lan Sheng Co. hitting the daily limit up, supported by a growing pet ownership trend in urban areas, projected to reach 120 million pets by 2024 [14]. Group 4: Market Dynamics - The overall market is characterized by index fluctuations while individual stocks are performing strongly, particularly in AI, human-shaped robots, and innovative drugs [1]. - The market sentiment is shifting towards higher risk appetite, driven by the performance of technology stocks and emerging sectors [1].

证券代码：600826 股票简称：兰生股份 公告编号：临 2025-021 公司业务涵盖展会组织、体育赛事、展馆运营、会展全产业链服务等。目前 公司生产经营情况正常，日常经营情况及外部经营环境均未发生重大变化。 1 东浩兰生会展集团股份有限公司 股票交易风险提示公告 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： 一、二级市场交易风险 公司股票连续 3 个交易日（2025 年 7 月 10 日、7 月 11 日、7 月 14 日）收 盘价格涨幅偏离值累计超过 20%。根据《上海证券交易所交易规则》的有关规定， 属于股票交易异常波动。2025 年 7 月 15 日，公司当日股票再次以涨停价收盘。 公司股票剔除大盘和板块整体影响后的实际波动幅度较大。 鉴于近期公司股票价格波动较大，存在公司股票短期上涨过快可能出现的下 跌风险。 二、公司生产经营情况未发生重大变化 东浩兰生会展集团股份有限公司董事会 2025 年 7 月 16 日 东浩兰生会展集团股份有限公司（以下简称"公司"）股票连续 3 个交易 日（2025 年 ...

Core Viewpoint - The stock price of Donghao Lansheng Exhibition Group Co., Ltd. has experienced an abnormal fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days (July 10, July 11, and July 14, 2025) [1][2] Group 1: Stock Price Abnormal Fluctuation - The company's stock price has deviated significantly, with a cumulative increase of over 20% in closing prices over three trading days [1] - This situation is classified as an abnormal fluctuation according to the Shanghai Stock Exchange trading rules [1] Group 2: Company Operations and Major Events - The company has confirmed that its production and operational conditions are normal, with no significant changes in daily operations or external business environment [2] - There are no undisclosed major events or transactions involving the company, including asset restructuring, share issuance, or significant business collaborations [2] - No media reports or market rumors have been identified that could significantly impact the company's stock price [2] Group 3: Insider Trading and Sensitive Information - During the period of stock price fluctuation, there were no stock trades by the company's directors, supervisors, senior management, or controlling shareholders [2] - The company has not discovered any other significant events that could impact its stock price [2]

证券代码：600826 股票简称：兰生股份 公告编号：临 2025-020 东浩兰生会展集团股份有限公司 关于股票价格异常波动的公告 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： 一、公司股票交易异常波动的具体情况 股票连续 3 个交易日（2025 年 7 月 10 日、7 月 11 日、7 月 14 日）收盘价 格涨幅偏离值累计超过 20%。根据《上海证券交易所交易规则》的有关规定，属 于股票交易异常波动。 二、公司关注并核实的相关情况 针对公司股票交易异常波动，公司对有关事项进行了核查，并书面征询了本 公司控股股东及实际控制法人，现将有关情况说明如下： （一）生产经营情况 1 （三）媒体报道、市场传闻、热点概念情况 公司目前尚未发现其他对公司股票交易价格产生重大影响的媒体报道或市 场传闻和涉及热点概念事项。除公司已披露信息外，不存在其他应披露而未披露 的重大信息。 （四）其他股价敏感信息 经核实，公司董事、监事、高级管理人员、控股股东及实际控制法人在公司 本次股票交易异常波动期间不存在买卖公司股票的情况； ...

Group 1 - The influx of Generation Z investors has significantly changed the structure of the investor base, with those under 30 now accounting for 30% of the market, doubling since September 2024 [3] - Many young investors, including those from the Z generation, are experiencing a steep learning curve in the stock market, often facing significant losses and gaining insights through real trading experiences [3][16] - A survey revealed that 72% of young investors have only been involved in stock trading for about a year, indicating a relatively inexperienced investor demographic [2][3] Group 2 - Individual experiences highlight the transition from overconfidence to a more grounded understanding of market dynamics, as investors like Xiao Li and Li Yan faced substantial losses that reshaped their investment strategies [4][5][12] - The importance of adapting investment strategies based on market conditions and personal experiences is emphasized, with many young investors learning to balance technical analysis with macroeconomic factors [5][15] - The survey results indicate that 73.78% of Generation Z investors plan to increase their stock investments in the coming year, with a strong emphasis on the importance of emotional regulation in trading [16]

证券代码：600826 股票简称：兰生股份 公告编号：临 2025-018 ? 交易简要内容：东浩兰生会展集团股份有限公司（以下简称"公司"） 授权经理层处置不超过 8 亿元（含）的存量金融资产。 ? 上述交易事项不构成关联交易。 东浩兰生会展集团股份有限公司 关于授权处置金融资产的公告 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： ? 尚需履行的审议程序：2025 年 6 月 17 日，公司第十一届董事会第十次 会议审议通过了《关于授权减持存量金融资产的议案》。本议案无需提交公司股 东会审议 ? 相关风险提示：证券市场受宏观经济形势、财政及货币政策、产业政策、 投资标的公司经营管理等方面的影响，存在一定的市场和政策波动风险，敬请广 大投资者关注投资风险。 一、交易概述 本次授权是本着积极稳妥调整存量金融资产结构的原则，有利于公司优化资 产结构，增加资金流动性，不会对公司及子公司的正常生产经营带来影响。 公司依据财政部发布的《企业会计准则第 22 号-金融工具确认和计量》《企 业会计准则第 39 号-公允价值 ...

通 商 津 師事務所 COMMERCE & FINANCE LAW OFFICES 北京市通商律师事务所上海分所 关于东浩兰生会展集团股份有限公司 差异化分红的法律意见书 致:东浩兰生会展集团股份有限公司 根据公司确认,截至本法律意见书出具日前一交易日,公司回购至回购专用 账户的股份为11,349,981股。 根据《上海证券交易所上市公司自律监管指引第7号 -- 回购股份》,上市 公司回购专用账户中的股份,不享有股东会表决权、利润分配、公积金转增服本、 认购新股和可转换公司债券等权利,不得质押和出借。 北京市通商律师事务所上海分所(以下简称"本所")接受东浩兰生会展集 团股份有限公司(以下简称"公司")的委托,根据《中华人民共和国证券法》 (以下简称"《证券法》")《中华人民共和国公司法》(以下简称"《公司法》") 《上海证券交易所上市公司自律监管指引第7号 -- 回购股份》等法律法规、规 范 性 文 件 以 及《 东 浩 兰 生 会 展 集 团 股 份 有 限 公 司 章 程 》 以 下 简 称 " 《 公 司 章 程 》") 的相关规定,就公司2024年度利润分配所涉及的差异化分红(以下简称"本次差 异化 ...

东浩兰生会展集团股份有限公司 证券代码：600826 股票简称：兰生股份 公告编号：临 2025-018 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： 关于授权处置金融资产的公告 交易简要内容：东浩兰生会展集团股份有限公司（以下简称"公司"） 授权经理层处置不超过 8 亿元（含）的存量金融资产。 上述交易事项不构成关联交易。 尚需履行的审议程序：2025 年 6 月 17 日，公司第十一届董事会第十次 会议审议通过了《关于授权减持存量金融资产的议案》。本议案无需提交公司股 东会审议 相关风险提示：证券市场受宏观经济形势、财政及货币政策、产业政策、 投资标的公司经营管理等方面的影响，存在一定的市场和政策波动风险，敬请广 大投资者关注投资风险。 一、交易概述 根据 2025 年证券市场的变化，在投资风险可控且不影响公司正常经营的情 况下，本着积极稳妥调整存量金融资产结构的原则，公司将对存量金融资产开展 处置操作管理。董事会同意授权经理层处置不超过 8 亿元（含）的存量金融资产， 授权期限自董事会审议通过之日后 1 ...

证券代码：600826 证券简称：兰生股份 公告编号：临 2025-019 一、 通过分配方案的股东会届次和日期 本次利润分配方案经东浩兰生会展集团股份有限公司（以下简称"公司"）2025 年 5 月 23 日的2024年年度股东会审议通过。 东浩兰生会展集团股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.22元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/23 | － | 2025/6/24 | 2025/6/24 | 差异化分红送转： 是 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 本次涉及差异化权益分派，公司回购专用证券账户不参与本次权益分派。 3. 差异化分 ...

Investment Rating - Industry rating: Recommended [4] Core Insights - The report highlights a robust growth in visitor numbers during the Dragon Boat Festival, with a projected total of 6.87 billion trips, reflecting a year-on-year increase of 3.0% [1][18] - The demand for family-oriented travel has surged, particularly for short-distance self-driving trips and parent-child tours, with bookings for parent-child group tours increasing by 80% year-on-year [1][2] - The launch of new products by Lao Pu Gold, such as the Seven Sons Gourd, is expected to drive high demand in the fashion gold jewelry sector, despite a tightening overall consumption environment [2] Summary by Sections 1. Market Review - The consumer service index and retail index outperformed the CSI 300 index, with significant gains in the jewelry and watch sector [11] - The report notes a 5.1% year-on-year increase in total retail sales in April, with jewelry sales growing by 25.3% [36][50] 2. Industry & Company Dynamics - The report discusses the increase in domestic tourism, with various regions reporting significant visitor numbers during the holiday period [18][19] - Lao Pu Gold's new product launch is positioned to capture the growing trend in fashion jewelry, appealing to consumer sentiment and aesthetic preferences [2][3] 3. Macro & Industry Data - April's retail sales data indicates a stable growth trajectory, with online retail sales showing a 5.8% year-on-year increase [37] - The report provides insights into the gold jewelry market, noting a decline in overall gold consumption but an increase in gold bars and coins [52][55] 4. Investment Recommendations - The report suggests five investment themes, including the revival of traditional retail formats, the rise of AI technology applications, and the potential for new retail sectors to outperform expectations [59][61]