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： 证券代码：603099 证券名称：长白山 公告编号：2025-035 长白山旅游股份有限公司 第五届董事会第二次会议决议公告 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 二次会议于2025年6月23日以通讯表决的方式召开。会议通知及会议 材料于2025年6月18日以专人递送、电子邮件等方式发出。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。 1、关于公司与控股股东的参股公司签订人力资源服务劳务外包 协议暨关联交易的议案 该议案为关联交易，关联董事回避表决。 表决结果：6 票赞成，3 票回避，0 票反对，0 票弃权。 本议案已经公司第五届董事会独立董事专门会议第一次会议审 议通过。本议案尚需提交公司股东会审议。具体 ...

Core Viewpoint - The inauguration of the new terminal at Changbai Mountain Airport marks a significant development phase, enhancing service quality for travelers and boosting regional economic growth [1][4]. Group 1: Airport Development - Changbai Mountain Airport, operational since August 2008, is China's first forest tourism airport, with a rapid increase in air traffic leading to the expansion project initiated in 2017 and fully commenced in April 2019 [4]. - The new terminal covers an area of 20,731 square meters, featuring 16 check-in counters, 5 security channels, 4 boarding bridges, and 6 boarding gates [4]. - The expansion increased the total apron area from 52,000 square meters to 108,000 square meters, with the number of parking spaces rising to 20 [4]. Group 2: Capacity and Technology Upgrades - The upgraded airport can now accommodate 1.8 million passengers annually, with flight operations capacity increased to 18,750 flights and cargo throughput enhanced to 3,400 tons [4]. - The new terminal includes advanced technology such as intelligent inquiry robots, a full-process baggage tracking system, and self-service check-in and boarding options, marking a first in Northeast regional branch airport construction [4]. Group 3: Passenger Experience and Activities - On the first day of operation, the airport organized various activities, including presenting handmade cultural products to the first passengers and engaging in a "fun with guests" event during the waiting period [6]. - The airport aims to leverage the Northeast revitalization strategy, focusing on enhancing its route network and collaborating with tourism enterprises to develop "aviation + tourism" products, thereby attracting more visitors and contributing to the high-quality development of the local tourism industry and economy [6].

Core Viewpoint - The article highlights the emerging trend of "fast travel, slow tourism" in Changbai Mountain, emphasizing the integration of natural beauty and cultural experiences to enhance visitor engagement and satisfaction [1][3]. Group 1: Natural Attractions - The recent "ice opening" phenomenon at Tianchi Lake has attracted many tourists, showcasing a unique natural spectacle where ice layers break and melt due to wind and temperature changes [1][3]. - This year's "ice opening" is noted for its dual characteristics of "gentle melting" and "forceful breaking," marking a significant observation in the region's natural events [1]. Group 2: Cultural and Recreational Developments - The Endu Li leisure and vacation community has recently opened, featuring various cultural and creative shops that reflect the artistic talents of local students and artists [3][4]. - The community includes diverse dining options, with 20% of the restaurants being the first of their kind in Jilin Province, enhancing the culinary landscape for visitors [3]. Group 3: Transportation and Accessibility - The upcoming opening of the Shenbai High-speed Railway will reduce travel time from Beijing to Changbai Mountain to approximately 4 hours, facilitating easier access for tourists [3]. Group 4: Tourism Experience Enhancements - The Yun Ding Market, which opened in 2023, has become a popular destination for tourists, featuring over 60 food stalls and cultural displays, contributing to the overall tourism experience [4][6]. - Free shuttle bus services have been reintroduced to connect major attractions, improving visitor convenience and experience during the peak summer season [6]. Group 5: Local Community Engagement - The article notes an increasing number of outsiders, including entrepreneurs, settling in the Changbai Mountain area, contributing to the local tourism industry and cultural scene [6]. - Local residents are actively engaging in tourism-related activities, with examples of individuals starting businesses to promote the region's appeal [6].

Investment Rating - The report maintains a "Market Perform" investment rating for the consumer services industry, indicating that the industry index is expected to perform within ±10% of the market index over the next six months [34]. Core Insights - The consumer services industry index rose by 2.02% from May 30, 2025, to June 12, 2025, outperforming the Shanghai and Shenzhen 300 index by approximately 1.15 percentage points [9]. - The report highlights that domestic travel during the Dragon Boat Festival saw 119 million trips, a year-on-year increase of 5.7%, with total spending reaching 42.73 billion yuan, up 5.9% year-on-year [22]. - The upcoming summer travel season is expected to reverse the subdued performance observed during the Dragon Boat Festival, with a projected 70% increase in summer travel numbers and an 80% increase in gross merchandise value (GMV) compared to the previous year [34]. Summary by Sections Market Review - The consumer services industry index outperformed the Shanghai and Shenzhen 300 index, with a rise of 2.02% during the reporting period [9]. - The tourism and education sectors showed recovery, while the hotel and comprehensive services sectors experienced declines [10]. - A total of 38 listed companies in the industry reported positive returns, with the top five performers being ST United, Qujiang Cultural Tourism, Jinling Hotel, Changbai Mountain, and Tianmu Lake, with increases ranging from 11.86% to 55.13% [14]. - The overall price-to-earnings (PE) ratio for the consumer services industry was approximately 30.92 times, reflecting an increase compared to previous periods [18]. Industry News - The report notes significant trends in the tourism market, including a focus on family-oriented travel and deep experiential offerings, as highlighted in the 2025 Summer Travel Trend Report by Zhongxin Tourism [24]. - The popularity of the Jiangsu Super League has led to a surge in tourism bookings in Jiangsu, with an increase of over 300% in reservations [26]. - Haichang Ocean Park announced plans to introduce Xiangyuan Holdings as a new controlling shareholder [27]. Company Announcements - The report suggests monitoring specific companies such as Jinjiang Hotel, Changbai Mountain, Emei Mountain A, Xiangyuan Cultural Tourism, Jiuhua Tourism, Zhongxin Tourism, and Songcheng Performing Arts for potential investment opportunities due to their favorable positioning in the upcoming summer season [35].

A 股每股现金红利0.0815元 相关日期 证券代码：603099 证券简称：长白山 公告编号：2025-034 长白山旅游股份有限公司 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 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。 3. 分配方案： 本次利润分配以方案实施前的公司总股本266,670,000股为基数，每股派发现金红利 0.0815元（含税），共计派发现金红利21,733,605元。 1. 发放年度：2024年年度 2. 分派对象： 三、 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 | 2025/6/19 | － | 2025/6/20 | 2025/6/20 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次 ...

Investment Rating - The report rates the social services industry as "Overweight" indicating a positive outlook for the sector [4]. Core Insights - The report highlights the resurgence of instant film photography, particularly the popularity of "Peel Apart" film and the new "Life Four Frames" photo booths, driven by nostalgia and unique consumer experiences [5][11]. - The scarcity of Peel Apart film, with global inventory dropping below 500,000 boxes, has led to a dramatic price increase, with prices soaring from around 65-70 RMB per pack to 2800-3300 RMB on second-hand platforms, earning it the nickname "Paper Moutai" [9][11]. - The "Life Four Frames" photo booths have modernized the traditional photo booth experience, offering various backgrounds and instant photo printing, appealing to younger consumers [11][12]. Summary by Sections 1. New Trends in Photography - Peel Apart film has gained immense popularity due to its unique aesthetic and the limited availability of products from major manufacturers like Polaroid and Fujifilm, which have ceased production [8][9]. - The "Life Four Frames" photo booths have evolved from traditional photo booths, providing a more interactive and customizable experience for users [11]. 2. Market Performance Review - The social services sector saw a 2.09% increase in its index from June 2 to June 6, outperforming the broader market [13]. - Key stocks in the social services sector, such as ST United and Jinling Hotel, experienced significant gains, with increases of 21.46% and 11.87% respectively [18]. 3. Company Announcements - Companies in the retail and social services sectors are actively engaging in stock buybacks and shareholder reduction plans, indicating a focus on enhancing shareholder value [26][27]. 4. Industry Developments - The report notes significant developments in the social services industry, including record passenger numbers during the Dragon Boat Festival, showcasing a recovery in travel and tourism [30]. - The introduction of new technologies and partnerships, such as the investment in Acai Travel by Amadeus, reflects ongoing innovation within the industry [30]. 5. Valuation of Key Companies - The report provides a detailed valuation of key companies in the human resources, tourism, and hotel sectors, indicating a favorable outlook for these industries as they recover from previous downturns [32][33].

Overall Situation - The tourism revenue shows steady growth, but travel demand appears relatively flat, with domestic travel during the Dragon Boat Festival in 2025 expected to reach 119 million trips, a 5.7% increase, and total domestic travel expenditure projected at 42.73 billion yuan, up 5.9% [1][2] - Daily average inbound and outbound tourism is 1.969 million people, a year-on-year increase of 2.7%, which is below the official expectation of 2.15 million, representing a 12.2% increase [1][5] Transportation Situation - The total cross-regional personnel flow is expected to reach 657 million during the holiday, with a daily average of 21.9 million, reflecting a year-on-year growth of 3.0% [3] - Railway passenger volume is projected at 47.108 million, with a daily average of 15.7027 million, showing a 2.3% increase [3] - Road travel is expected to account for 600 million trips, with a daily average of 20 million, marking a 3.14% increase [3] Hainan Duty-Free Sales - During the Dragon Boat Festival, Hainan's duty-free shopping amounted to 187 million yuan, a decrease of 8.8%, with 31,300 shoppers, down 18.9% [4] - The average spending per person was 5,974 yuan, an increase of 12.5% [4] Outbound Tourism - The total number of inbound and outbound personnel during the holiday reached 5.907 million, with a peak of 2.086 million on June 1 [5] - The number of inbound foreign visitors under visa-free policies increased by 59.4% compared to the previous year [5] Investment Recommendations - The industry suggests focusing on the recovery of short-distance self-driving and family travel, with a recommendation to pay attention to companies related to leisure tourism and outbound travel, including Ctrip Group, Tongcheng Travel, and hotels driven by business travel demand [6]

Core Viewpoint - The A-share tourism and hotel sector experienced a significant rise in the afternoon, with notable stocks reaching their daily limit up [1] Group 1: Stock Performance - Changbai Mountain and Emei Mountain A both hit the daily limit up [1] - Dalian Shengya increased by over 6% [1] - Other companies such as Xiyu Tourism, Jiuhua Tourism, and Tianfu Cultural Tourism also saw gains [1]

Group 1 - Ctrip's report indicates that during the Dragon Boat Festival in 2025, domestic surrounding and local travel will account for 64% of total travel [1] - Family-oriented travel is becoming the main force for the Dragon Boat Festival, with nearly 90% of the top 50 scenic spots being family-friendly, and family orders making up 25% of overall travel orders [1] - There is a significant increase in inbound travel, with orders rising by nearly 90% and ticket GMV for inbound travel soaring 1.5 times year-on-year [1] Group 2 - Wanlian Securities highlights that various sectors in the service industry are experiencing growth opportunities this year, driven by the implementation and optimization of vacation policies [1] - The expansion of inbound consumption is expected to bring new growth points to the duty-free industry, while the improvement of county-level commercial systems benefits the hotel and chain restaurant sectors [1] - The education sector is anticipated to become a representative application area for artificial intelligence, with a focus on tourism, duty-free, hotels, restaurants, and education leaders [1] Group 3 - Dongguan Securities notes that the tourism and travel sector is seeing a steady increase in per capita consumption during holidays, which may help reverse the "busy but not profitable" situation [2] - The combination of domestic demand expansion policies and the continuous rise in outbound travel is expected to support the bottom recovery of the tourism and travel sector in the long term [2] - Recommended stocks include Songcheng Performance, Changbai Mountain, Xiangyuan Cultural Tourism, Zhongxin Tourism, Shoulu Hotel, Junting Hotel, and Tongqinglou, focusing on scenic area companies, hotel groups in lower-tier markets, and tourism service companies benefiting from domestic and inbound travel recovery [2]

赵玉东：男，1982 年 1 月出生，中国国籍，中共党员，无境外 永久居留权，本科学历。曾任长白山旅游股份有限公司景区运营部二 部副经理、一部副经理、一部经理、二部经理；现任长白山旅游股份 有限公司景区运营部副总经理、职工监事。 曹建宇，男，1989 年 4 月出生，中国国籍，中共党员，无境外 永久居留权，大学本科学历。曾任长白山旅游股份有限公司后勤保障 部副经理、纪检监察干事、党群工作部主管；现任长白山旅游股份有 限公司综合办公室副主任。 姜山先生与公司 2024 年年度股东会选举产生的 8 名董事共同组 成公司第五届董事会，任期与第五届董事会一致；赵玉东先生、曹建 宇先生与公司 2024 年年度股东会选举产生的 3 名监事共同组成公司 第五届监事会，任期与第五届监事会一致。 特此公告。 证券代码：603099 证券名称：长白山 公告编号：2025-033 长白山旅游股份有限公司 关于选举职工董事、职工监事的公告 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。 近日，收到《长白山旅游股份有限公司第三次会员代表大会暨第 ...