出行票房等数据亮眼 机场的数据折射出新春"开门红"，客流量持续增长。今年2月20日，上海国际机场股份有限公司（以下 简称"上海机场"）单日客流量达到42.49万人次，其中浦东机场27.57万人次、虹桥机场14.92万人次，同 比增长6.4%，创下历史新高，迎来新年"开门红"。上海机场预计，今年春运期间，上海浦东、虹桥两场 的航班量将达到9.6万架次（浦东机场6.5万架次、虹桥机场3.1万架次），同比增长1.9%；旅客吞吐量达 到1553万人次，日均38.8万人次，同比增长3.6%。 今年春运，随着我国免签"朋友圈"再增加加拿大、英国两国，以及出入境游、北方冰雪游、南方避寒游 热度持续走高，上海机场客流量持续增长。快报数据显示，自2月2日春运启动至2月20日，上海机场共 保障进出港航班超4.6万架次，其中浦东机场3.1万架次、虹桥机场1.5万架次，同比春运同期增长2.7%； 保障进出港旅客743.4万人次，其中浦东机场480.6万人次、虹桥机场262.8万人次，同比春运同期增长 3.8%。 广州白云国际机场股份有限公司（以下简称"白云机场"）春节期间多项数据创历史新高。2026年春运第 20天（2月21日），白 ...

来源：北青网 2026年春节，天目湖景区以"新年喜乐汇"为主题，推出大型主题演艺与新春NPC互动活动，为各地游客 打造一个充满文化氛围与互动乐趣的春节假期。 天目湖山水园重磅推出首部江南实景山水行进式大秀。整场演出设置五大主题舞台，引领观众移步换 景、沉浸观演；非遗鱼灯、传统织网技艺等民俗元素在演艺中活态呈现；百人演出阵容全天候献艺，每 日上演长达360分钟的视听盛宴。此外，园内还同步推出冬捕、品砂锅鱼头汤、新春市集、蝴蝶放飞、 萌宠互动等趣味体验，为游客带来更丰富的游园乐趣。 8 与此同时，天目湖御水温泉则延续其"竹海真温泉"的特色，推出系列福运泡池，并布置实景花海。新春 期间，景区还安排孔明灯放飞、沐汤巡礼活动以及香囊制作、新春剪纸等手作体验，为游客提供一个温 暖放松的休憩空间。 SV de f IN THE TIMETHER engolow 170 Pre Well Property 02 (43 天目湖南山竹海景区创新推出了万亩竹海沉浸式互动剧场。游客不再是旁观者，而是可以化身"剧中 人"自由探索，触发各类剧情任务，与超过50名NPC互动，通过解谜、对弈等方式深度游玩，并使用独 特的"竹币"串联戏内戏 ...

证券代码：603136 证券简称：天目湖 公告编号：2026-005 江苏天目湖旅游股份有限公司 重要内容提示： 已履行及拟履行的审议程序：江苏天目湖旅游股份有限公司(以下简称 "公司")于 2025 年 12 月 31 日，召开了第六届董事会第十八次会议，审议通过 了《关于使用闲置募集资金进行现金管理的议案》，同意在确保募集资金投资项 目正常进行和保证募集资金安全的前提下，使用本金总金额不超过 28,000.00 万元闲置募集资金进行现金管理，使用期限不超过 12 个月，在上述额度及决议 有效期内，可以循环滚动使用。闲置募集资金现金管理到期后归还至募集资金专 户。 特别风险提示：尽管本次公司购买的为安全性高、流动性好的产品，属 于低风险投资产品，但金融市场受宏观经济的影响较大，不排除该项投资可能受 到市场波动的影响。 一、投资情况概述 （一）投资目的 为提高资金使用效率，在保证公司募集资金投资计划正常进行的前提下，合 投资种类：结构性存款 投资金额：人民币 3,800.00 万元 理利用暂时闲置募集资金，增加资金收益，为公司和股东谋取更多回报。 关于使用部分闲置募集资金进行现金管理到期赎回 并继续进行现金管 ...

Core Viewpoint - The company announced the redemption of a structured deposit from Industrial Bank, amounting to 38 million yuan, with a return of 46,100 yuan, and plans to reinvest the same amount into cash management without affecting the progress of fundraising projects or normal operations [1] Group 1 - The company will redeem a structured deposit from Industrial Bank on February 2, 2026, for a total of 38 million yuan [1] - The redemption will yield a profit of 46,100 yuan [1] - The company will reinvest the redeemed amount into cash management using idle fundraising funds [1] Group 2 - The redemption will not impact the progress of fundraising investment projects [1] - The company's normal production and operations will remain unaffected by this financial maneuver [1]

Investment Rating - The report maintains an "Accumulate" rating for the industry [5] Core Insights - The retail sector is expected to show varied performance in Q4 2025, with significant growth in certain segments like gold and jewelry, while others like supermarkets and department stores are projected to decline [1][2][4] - The report highlights the importance of the upcoming Spring Festival season, suggesting that sectors with performance elasticity, such as duty-free shops and certain tourist attractions, should be closely monitored [9] - The report emphasizes the potential of AI applications in enhancing e-commerce marketing, indicating a shift towards new retail strategies [9] Summary by Relevant Sections Retail Sector Outlook - Gold and Jewelry: - Lao Feng Xiang: Expected net profit growth of -15% to 5% in Q4 2025 - Zhou Da Sheng: Expected net profit growth of 15% to 30% in Q4 2025 - Chao Hong Ji: Forecasted net profit of 1.2 to 2.2 billion, with a year-on-year increase of 125% to 175% - Cai Bai Co.: Expected net profit growth of 150% to 254% in Q4 2025 - Yu Garden Co.: Forecasted loss of 4.312 billion in Q4 2025, compared to a loss of 1.03 billion in the same period last year [1] - Trendy Toys: - Miniso: Expected revenue growth of 25% to 30% in Q4 2025, with adjusted net profit growth of 10% to 20% [1] Supermarkets and Department Stores - Chongqing Department Store: Expected net profit of 1.021 billion, a decline of 22.4% year-on-year, with a projected drop of 92.5% in Q4 2025 - Wangfujing: Expected net profit loss of 0.45 to 0.23 billion, with a growth rate of -6.6% to 7.3% in Q4 2025 - Yonghui Supermarket: Expected loss of 2.14 billion, with a net profit growth rate of -3.1% in Q4 2025 - Home Home Joy: Expected net profit of 198 to 228 million, with a growth rate of 50.1% to 72.8% in Q4 2025 [2] Cross-Border and E-commerce - Small Commodity City: Expected net profit growth of 5% to 15% in Q4 2025 - Anker Innovation: Expected net profit growth of 10% to 20% in Q4 2025 - Su Mei Da: Expected net profit of 1.355 billion, with a growth rate of 70.8% in Q4 2025 [3] Social Services Sector Outlook - Duty-Free: China Duty-Free Group: Expected net profit growth of 29% to 173% in Q4 2025 - Tourism: - Songcheng Performance: Expected net profit growth of -204% to 294% in Q4 2025 - Jiuhua Tourism: Expected net profit growth of 0% to 15% in Q4 2025 [4] Investment Recommendations - The report recommends focusing on sectors with performance elasticity during the Spring Festival, including duty-free, certain tourist attractions, and gold and jewelry [9] - For 2026, the report suggests looking at service consumption and product consumption, particularly in duty-free and travel chains, as well as undervalued segments with improving fundamentals [9]

Investment Rating - The report maintains an "Accumulate" rating for the industry [5] Core Views - The report emphasizes the importance of focusing on sub-sectors with performance elasticity during the upcoming Spring Festival peak season, including duty-free, certain scenic spots, supermarkets, and gold jewelry [9] - It suggests that the recent fundamentals of duty-free and travel chains have improved, warranting ongoing observation and validation [9] - For 2026, the report recommends focusing on service consumption and product consumption, particularly in the duty-free and travel chain sectors, as well as the gold jewelry sector and Miniso, which have high valuation attractiveness [9] Summary by Relevant Sections Retail Sector Outlook for Q4 2025 - Gold Jewelry: - Lao Feng Xiang: Expected net profit growth of -15% to 5% - Zhou Da Sheng: Expected net profit growth of 15% to 30% - Chao Hong Ji: Forecasted net profit of 436 million to 533 million, a year-on-year increase of 125% to 175% - Cai Bai Co.: Expected net profit of 1.06 billion to 1.23 billion, corresponding to a growth of 150% to 254% - Yu Garden Co.: Forecasted loss of 4.312 billion, primarily due to asset impairment provisions [1] - Trendy Toys: - Miniso: Expected revenue growth of 25% to 30%, with adjusted operating profit and net profit growth of 10% to 20% [1] Supermarket and Department Store Outlook for Q4 2025 - Chongqing Department Store: Expected net profit of 1.021 billion, a year-on-year decrease of 22.4% - Wangfujing: Expected net profit of -45 million to -23 million, with a growth rate of -6.6% to 7.3% - Yonghui Supermarket: Expected loss of 2.14 billion, with a growth rate of -3.1% - Jiajiayue: Expected net profit of 198 million to 228 million, growth of 50.1% to 72.8% - Hongqi Chain: Expected net profit growth of -10% to 0% [2] Cross-Border and E-commerce Outlook for Q4 2025 - Small Commodity City: Expected net profit growth of 5% to 15% - Anker Innovation: Expected net profit growth of 10% to 20% - Saiwei Times: Expected net profit of 90 million to 130 million - Huakai Yibai: Expected net profit of 80 million to 110 million, driven by improved operational efficiency [3] Social Services Sector Outlook for Q4 2025 - Duty-Free: China Duty-Free Group: Expected net profit growth of 29% to 173% - Tourism: - Songcheng Performance: Expected net profit growth of -204% to 294% - Tianmu Lake: Expected net profit growth of -10% to 5% [4] Investment Recommendations - The report recommends focusing on companies such as Small Commodity City, China Duty-Free, Huazhu Group, Shoulu Hotel, Jinjiang Hotel, Chao Hong Ji, Jiuhua Tourism, Ruoyu Chen, Qingmu Technology, and Miniso, while also keeping an eye on other companies with potential [10]

Group 1 - The A-share market saw active performance in certain tourism stocks, with notable increases including Caesar Travel rising over 7%, and others like Hao Xiang Ni and Song Cheng Performing Arts increasing over 4% [1] - The State Council recently issued a work plan aimed at accelerating the cultivation of new growth points in service consumption, focusing on potential areas such as performance services, sports event services, and experiential services [1] - The plan emphasizes the improvement of infrastructure at travel destinations and promotes the enhancement and renovation of existing facilities [1] Group 2 - Specific stock performances include: - Caesar Travel (code: 000796) up 7.68% with a market cap of 10.3 billion and a year-to-date decline of 10.42% - Hao Xiang Ni (code: 002582) up 4.55% with a market cap of 5.758 billion and a year-to-date increase of 16.38% - Song Cheng Performing Arts (code: 300144) up 4.10% with a market cap of 22.7 billion and a year-to-date increase of 5.49% - Huangshan Tourism (code: 600054) up 3.67% with a market cap of 9.27 billion and a year-to-date increase of 12.93% - Other notable increases include Li'an Technology, Dongbai Group, and others with varying performances [2]

Core Viewpoint - The article highlights the picturesque winter scenery of Tianmu Lake Bamboo Sea in Liyang, Jiangsu, transformed by recent snowfall during the Dahan solar term, creating a stunning visual experience [2][3][5] Summary by Sections - **Location and Event**: The event takes place in Liyang, Jiangsu, specifically at Tianmu Lake Bamboo Sea, showcasing the beauty of nature during the winter season [2][3][5] - **Weather Impact**: The recent snowfall has created a crystal-clear ice and snow world, enhancing the landscape and providing a unique winter view [2][3][5] - **Visual Description**: The article describes the scene as a "winter limited painting," emphasizing the aesthetic appeal of the snowy environment [2][3][5]

Group 1 - The core viewpoint of the news is that Tianmu Lake's stock has shown fluctuations in price and trading volume, with a recent increase of 2.05% and a total market value of 3.233 billion yuan [1] - As of January 19, Tianmu Lake's stock price is reported at 11.97 yuan per share, with a trading volume of 25.841 million yuan and a turnover rate of 0.81% [1] - The main capital flow indicates a net inflow of 1.3151 million yuan, with large orders accounting for 15.01% of purchases and 9.92% of sales [1] Group 2 - Year-to-date, Tianmu Lake's stock price has increased by 1.61%, with a slight increase of 0.25% over the last five trading days, but a decline of 5.15% over the last 20 days [2] - The company, established on September 15, 1992, and listed on September 27, 2017, primarily engages in the development and management of tourism scenic areas, with revenue contributions from scenic area operations (55.19%), travel agency services (33.78%), and hotel operations (28.65%) [2] - As of September 30, the number of shareholders is reported at 23,400, a decrease of 13.46%, while the average circulating shares per person increased by 15.55% to 11,559 shares [2] Group 3 - Tianmu Lake has distributed a total of 375 million yuan in dividends since its A-share listing, with 163 million yuan distributed over the past three years [3] - Among the top ten circulating shareholders, the Fortune China Securities Tourism Theme ETF holds 2.7482 million shares, an increase of 1.0033 million shares from the previous period, while the E Fund Enhanced Return Bond A has entered as a new shareholder with 1.4197 million shares [3]

Group 1 - The core point of the article is the strategic partnership between Huang Shang Huang, a brand under Yuexiu Group, and Wang Jiadu, a subsidiary of Meizhou Dongpo Group, aimed at enhancing the food sector's layout through complementary business operations and potential supply chain synergies [1][6] - The acquisition is driven by the precise complementarity of both businesses, with Huang Shang Huang being a representative brand of Lingnan-style meat products with annual sales exceeding 1 billion yuan, while Wang Jiadu focuses on Sichuan-style food products and has established a strong presence in both domestic and international markets [1][6] - The integration will focus on three core areas: industrial synergy, channel complementarity, and joint research and development, aiming to create a comprehensive food supply chain from breeding to sales [2][7] Group 2 - The acquisition fills a gap in Yuexiu's portfolio in the Sichuan food and prepared dish sectors, enhancing its geographical coverage and establishing a cross-regional food supply chain [2][7] - Recent management changes at Wang Jiadu, including the appointment of Xu Qi as chairman, indicate that Yuexiu has taken over the operational management, which is expected to facilitate strategic planning and business collaboration [3][8] - The integration faces challenges such as cultural and management differences between the established brand Huang Shang Huang and the more flexible, innovative Wang Jiadu, which could impact the efficiency of the merger [3][8] Group 3 - The channel integration poses difficulties due to the differing market focuses of Huang Shang Huang and Wang Jiadu, with the former being strong in Southern China and the latter excelling in high-end retail and overseas markets [4][9] - Effective reuse of channel resources will be crucial for incorporating Wang Jiadu's products into Huang Shang Huang's national distribution system and leveraging Wang Jiadu's international channels for other Yuexiu products [4][9]