证券代码：603099 证券名称：长白山 公告编号：2025-043 长白山旅游股份有限公司 第五届董事会第四次会议决议公告 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。 一、董事会会议召开情况 长白山旅游股份有限公司（以下简称"公司"）第五届董事会第 四次会议于2025年8月27日以通讯的方式召开，会议通知及会议材料 于2025年8月22日以专人递送、电子邮件等方式送达全体董事和高级 管理人员。本次会议应参与表决董事9人，实际参与表决董事9人，有 效表决票为9票，参与表决的董事符合《公司法》和《公司章程》等 法律法规的有关规定。本次会议的召开、表决合法有效。 二、董事会会议审议情况 与会董事对本次会议的全部议案进行了充分讨论，会议审议并一 致通过了以下议案： 1、审议通过《关于审议长白山旅游股份有限公司 2025 年半年度 报告的议案》 详见上海证券交易所网站 www.sse.com.cn《长白山旅游股份有 限公司 2025 年半年度报告》。 表决结果：9 票赞成，0 票反对，0 票弃权。 本议案已经公司董事会审计 ...

Group 1 - The company reported a revenue of 235 million yuan for the first half of the year, representing a year-on-year decline of 7.44% [1] - The net loss attributable to shareholders was 2.0513 million yuan, compared to a net profit of 21.033 million yuan in the same period last year [1] - The basic earnings per share were -0.01 yuan [1]

长白山旅游股份有限公司2025 年半年度报告摘要 1.1 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发 展规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 公司代码：603099 公司简称：长白山 1.2 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 长白山旅游股份有限公司 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2025 年半年度报告摘要 长白山旅游股份有限公司2025 年半年度报告摘要 第一节 重要提示 | 联系人和联系方式 | 董事会秘书 | 证券事务代表 | | --- | --- | --- | | 姓名 | 段国岩 | 韩望 | | 电话 | 0433-5310177 | 0433-5310177 | | 办公地址 | 吉林省长白山保护开发区 | 吉林省长白山保护开发区 | | 电子信箱 | changbaishan@vip.126.com | changbaishan@vip.126.com | 2.2 主要财务数据 单位：元 币种：人民币 1.3 公司全体 ...

Investment Rating - The industry rating is "Strongly Outperforming the Market" [96] Core Insights - The report highlights the "Small Happiness" consumption trend, indicating that new consumption does not rely on overall economic growth but rather on the expansion of consumption behaviors among niche groups [3][12] - The tourism sector, particularly in Changbai Mountain, has seen significant growth, with July 2025 visitor numbers reaching 810,200, a 37.8% year-on-year increase, marking a historical high for the month [4][51] - The duty-free sector is expected to benefit from the upcoming Hainan Free Trade Port's closure, which will allow visa-free entry for individuals from 85 countries, significantly increasing the user base for duty-free shopping [4][45] - The report emphasizes the potential of the "trendy play" sector, supported by recent policies aimed at stimulating consumption and industry regulation, which may favor compliant leading enterprises [5][53] - In the education sector, advancements in AI+ education are noted, with several companies launching AI-driven educational products, indicating a potential revenue surge for key players [6][63] - The medical beauty industry is undergoing optimization through refined operations, with leading institutions expected to capture more market share as new products are launched [6][73] Summary by Sections New Consumption - New consumption is characterized by emotional value rather than cost-effectiveness, with a shift from heavy asset allocation to frequent "small happiness" purchases [3][12] - The youth demographic (ages 15-24) is projected to drive consumption trends as they enter the labor market, while the adult demographic's influence is expected to diminish [15] Duty-Free and Tourism - The duty-free industry is poised for growth with the Hainan Free Trade Port's upcoming closure, enhancing the attractiveness of the region for international tourists [42][45] - Changbai Mountain's tourism data indicates a strong recovery and growth potential, particularly in the summer season [4][51] Trendy Play - The trendy play sector is expected to benefit from consumption policies and industry self-regulation, with long-term prospects for cultural products expanding overseas [5][53] Education - The AI+ education sector is gaining traction, with several companies launching innovative products that are expected to see significant revenue growth [6][63] Medical Beauty - The medical beauty industry is experiencing a shift towards refined operations, with new product launches expected to enhance market dynamics [6][73]

每经AI快讯，有投资者在投资者互动平台提问：请问董秘目前股东数量是多少？ 长白山（603099.SH）8月25日在投资者互动平台表示，公司董秘未持股公司股票。 （记者 谭玉涵） ...

Core Viewpoint - The tourism and scenic area sector experienced a rise of 0.64% on August 22, with Xiyu Tourism leading the gains. The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1]. Group 1: Stock Performance - Xiyu Tourism (300859) saw a closing price of 45.08, with an increase of 8.52% and a trading volume of 271,100 shares, amounting to a transaction value of 1.201 billion yuan [1]. - Changbai Mountain (6602099) closed at 42.10, up 2.33%, with a trading volume of 125,300 shares and a transaction value of 523 million yuan [1]. - Xi'an Tourism (000610) closed at 13.75, up 1.40%, with a trading volume of 316,000 shares and a transaction value of 431 million yuan [1]. - Other notable performers include Jiuhua Tourism (661809) at 37.35 (+1.00%), Songcheng Performance (300144) at 8.86 (+0.80%), and Xiangyuan Cultural Tourism (600576) at 7.92 (+0.51%) [1]. Group 2: Market Trends - The tourism and scenic area sector experienced a net outflow of 192 million yuan from main funds, while retail investors saw a net inflow of 238 million yuan [2]. - The overall market sentiment indicates a mixed performance, with some stocks experiencing declines, such as Tibet Tourism (600749) down 2.96% and Caesar Travel (000796) down 1.49% [2].

金融界消息 截至2025年8月22日收盘，长白山（603099）报收于42.1元，上涨2.33%，换手率4.7%，成 交量12.53万手，成交金额5.23亿元。 资金流向方面，今日主力资金净流入3058.85万元，占比成交额5.85%。其中，超大单净流入13.47万 元、占成交额0.03%，大单净流入3045.38万元、占成交额5.82%，中单净流出流入25.57万元、占成交额 0.05%，小单净流出3084.42万元、占成交额5.9%。 长白山最新一期业绩显示，截至2025一季报，公司营业总收入1.29亿元、同比增长0.73%，归属净利润 439.47万元，同比减少58.93%，扣非净利润439.74万元，同比减少62.13%，流动比率2.260、速动比率 2.174、资产负债率17.44%。 天眼查商业履历信息显示，长白山旅游股份有限公司，成立于2010年，位于白山市，是一家以从事道路 运输业为主的企业。企业注册资本26667万人民币，实缴资本20000万人民币。公司法定代表人为王昆。 通过天眼查大数据分析，长白山旅游股份有限公司共对外投资了8家企业，参与招投标项目430次，知识 产权方面有商标信息122 ...

Investment Rating - The industry is rated as "stronger than the market" with an expected relative increase of over 10% compared to the market index in the next six months [38]. Core Insights - The heavy holding ratio for the social service industry in Q2 2025 is 0.09%, a decrease of 0.03 percentage points from the previous quarter, ranking 30th among 31 first-level industries, indicating a position at the bottom of the industry [11][35]. - The current heavy holding ratio is significantly below the five-year historical average of 0.49%, suggesting substantial room for rebound [11][35]. - The education sector shows a rebound in interest, while the hotel and restaurant sector remains at a low holding ratio [18][35]. - The implementation and optimization of the national visa-free policy is expected to continue boosting the tourism market, alongside new opportunities arising from the establishment of duty-free shops [35]. Summary by Sections Heavy Holding Ratio Analysis - In Q2 2025, there are 344 funds heavily invested in the social service industry, a decrease of 59 funds from the previous quarter, with a total market value of 6.225 billion yuan, down by 1.786 billion yuan [11][35]. - The heavy holding ratio for the hotel and restaurant sector is at 0.02%, down 0.01 percentage points, while the tourism and scenic area sector is at 0.03%, showing a slight decline [18][35]. Sector Performance - The professional services sector has seen a decrease in heavy holding ratio to 0.03%, while the education sector has slightly increased to 0.01% [18][35]. - The hotel and restaurant sector's heavy holding ratio has been declining since reaching a peak in Q2 2022 [18][35]. Individual Stock Performance - The top ten stocks in the social service sector have a combined heavy holding ratio of 0.072%, down 0.03 percentage points from Q1 2025 [27][28]. - Notable increases in heavy holding ratios were observed for stocks such as Dou Shen Education and Changbai Mountain, while significant decreases were noted for Huace Detection and Su Shi Testing [30][31].

Group 1 - In the first half of 2025, Changchun High-tech Zone plans to implement 108 projects with a total investment of 640.3 billion yuan, including 58 new projects with an investment of 87.8 billion yuan and 50 ongoing projects with an investment of 552.5 billion yuan, indicating a strong momentum in major project construction [1] - The zone has conducted over 50 investment promotion activities this year, attracting 234 projects with a planned total investment of 415.66 billion yuan, which injects strong momentum into regional development [1] Group 2 - Changchun High-tech Zone has developed a three-year action plan for industrial park "full park efficiency," focusing on "two strengths and three enhancements," achieving good results through in-depth research and service [2] - The establishment of innovation platforms is accelerating, with the Changbai Mountain Laboratory completed and entering the acceptance stage, aiming to focus on key technologies in automotive materials, new chemical materials, optoelectronic information materials, and biomedicine [2] - The Future Science International Cooperation Joint Laboratory at Jilin University is also progressing well, expected to be operational in the first half of 2026 [2] Group 3 - The official operation of the Jino Bell Science and Technology Innovation Park has become an important carrier for the industrialization of scientific and technological achievements, successfully introducing 16 advanced technologies and establishing technical cooperation with several enterprises [3] - The solid advancement of intellectual property work provides a strong guarantee for innovation development, with multiple patents awarded for the "automatic wheel intelligent chassis" technology designed by Jilin University [3] - In the first half of this year, Changchun High-tech Zone authorized 2,360 patents, including 1,469 invention patents, indicating a simultaneous increase in the quantity and quality of innovative achievements [3]

Core Insights - The tourism and scenic area sector experienced a rise of 2.16% on August 18, with Tibet Tourism leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Sector Performance - Tibet Tourism (600749) saw a closing price of 29.44, with a significant increase of 10.01% and a trading volume of 325,000 shares, amounting to a transaction value of 943 million yuan [1] - Caesar Travel (000796) also rose by 10.00% to a closing price of 5.28, with a trading volume of 1,111,300 shares, resulting in a transaction value of 575 million yuan [1] - Other notable performers included Huangshan Tourism (600054) with a 3.53% increase, closing at 12.31, and Dalian Shengya (600593) with a 3.13% increase, closing at 32.26 [1] Capital Flow - The tourism and scenic area sector saw a net inflow of 354 million yuan from main funds, while retail funds experienced a net outflow of 73.84 million yuan [2] - Major stocks like Tibet Tourism and Caesar Travel attracted significant main fund inflows of 204 million yuan and 202 million yuan, respectively [3] - Conversely, retail investors showed a net outflow from several stocks, including a notable outflow from Caesar Travel of 86.52 million yuan [3]