证券之星消息，10月20日旅游及景区板块较上一交易日上涨2.78%，大连圣亚领涨。当日上证指数报收 于3863.89，上涨0.63%。深证成指报收于12813.21，上涨0.98%。旅游及景区板块个股涨跌见下表： 从资金流向上来看，当日旅游及景区板块主力资金净流入4.42亿元，游资资金净流出1.96亿元，散户资金 净流出2.45亿元。旅游及景区板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000796 | 凯撒旅业 | 1.71亿 | 10.87% | -8877.02万 | -5.63% | -8250.02万 | -5.24% | | 6602099 | 长自山 | 1.23亿 | 9.60% | -3865.19万 | -3.01% | -8442.32万 | -6.58% | | 600593 大连圣亚 | | 1.03亿 | 18.13% | -5391.75万 | -9.48% ...

Core Insights - The 2025 Mid-Autumn and National Day holiday saw record-high travel volume and tourism revenue, but the average spending per trip did not increase significantly [1][2] - There is a notable shift towards self-driving tourism and staggered travel patterns, with a significant increase in non-commercial small vehicle usage [2] - The retail and dining sectors experienced stable growth during the holiday, driven by policies encouraging consumption and rising gold prices [4] Group 1: Travel and Tourism Trends - During the 2025 holiday, 888 million domestic trips were made, an increase of 123 million trips compared to 2024, with total spending reaching 809 billion yuan, up 108.2 billion yuan [1] - Daily average travel volume was 111 million trips, a 1.6% increase year-on-year, while daily average spending was 101.1 billion yuan, a 1% increase [1] - The peak travel flow occurred on the third day of the holiday for outbound trips and the seventh day for return trips, indicating a trend towards staggered travel [2] Group 2: Scenic Spots and Consumer Behavior - Key scenic areas maintained growth above the industry average, with the Yangtze River Three Gorges cruise products experiencing high demand, leading to sold-out tickets during the holiday [3] - The average passenger load factor for cruises was 81.6%, a 9.1 percentage point increase from the previous year [3] - The retail and dining sectors saw a 2.7% year-on-year increase in sales, with significant growth in energy-efficient appliances and smart home products [4] Group 3: Investment Opportunities - Companies to watch include Sanxia Tourism, Xiangyuan Cultural Tourism, Jiuhua Tourism, Huangshan Tourism, Huazhu, Atour, and China Duty Free [5]

Core Insights - The tourism industry is facing significant challenges, with the recent bankruptcy of Qinghai Tourism Investment Group and its subsidiaries highlighting the difficulties within the sector [1] - Despite an increase in domestic travel and spending, many tourism companies are struggling financially, indicating a disconnect between rising visitor numbers and profitability [4][11] Group 1: Company Performance - Qinghai Tourism Investment Group, once aiming for substantial growth, has declared bankruptcy, losing 480 million in registered capital and facing over 323 million in enforced execution [1][6] - In Q1 2025, 25 out of 44 listed tourism companies reported negative revenue growth, accounting for 56.8% of the total [1] - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported significant losses in Q1 2025, with losses of 747 million, 995 million, and 2.044 billion respectively [3] Group 2: Market Dynamics - The tourism market is experiencing a paradox where visitor numbers and spending are increasing, yet many companies are not profiting, raising questions about where the money is going [4][11] - Online travel platforms such as Ctrip and Tongcheng are thriving, with Ctrip reporting a net profit of approximately 4.3 billion and a net profit margin of 31.16% in Q1 2025 [11] - The number of A-level scenic spots has increased by 3,000 from 2019 to 2023, yet average income has decreased by nearly 40%, indicating oversupply in the market [11] Group 3: Industry Trends - The tourism industry is transitioning into a 2.0 era, where experiential offerings are becoming more important than traditional attractions [20][21] - Successful attractions like Jiuhua Mountain and Disney are focusing on enhancing visitor experience, which is crucial for profitability in the current market [14][17] - The shift towards experience-driven tourism is leading to the decline of many traditional tourism platforms that fail to adapt, as seen with Qinghai Tourism Investment Group [22][23]

Core Viewpoint - The article discusses incidents of discrimination against disabled individuals in the hiring process, highlighting a case where a candidate was dismissed on her first day despite passing multiple interviews, leading to public outcry and corporate apologies from the involved companies [1][3][5]. Group 1: Incident Overview - A female candidate shared her experience of being advised to resign on her first day at Didi after successfully passing four rounds of interviews, which sparked significant public attention [1]. - Another candidate, known as "Xiao Zhi Qian," recounted a similar experience with Deli, where she was also dismissed after passing three interviews, prompting her to speak out [1][3]. Group 2: Corporate Response - Deli's president, Chen Xueqiang, expressed shock upon learning about the incident and issued a formal apology, stating that the actions were inconsistent with the company's values [3]. - Following the public backlash, Deli released an official apology statement on September 30, 2023 [5]. Group 3: Legal and Social Implications - "Xiao Zhi Qian" indicated that her dismissal constituted an illegal termination of the labor contract, which could warrant compensation under labor laws, although she stated she had not received any compensation [8]. - The Ninghai County Disabled Persons' Federation announced plans to contact Deli Group to follow up on the incident and protect the rights of disabled individuals [10]. Group 4: Public Reaction - Online comments reflected a mix of support for the candidates and criticism of the companies involved, with some users expressing a commitment to boycott Deli products [11]. - The incidents have encouraged discussions about the rights of disabled individuals in the workplace, with calls for greater courage in advocating for their rights [12].

Market Overview - The tourism and scenic spots sector experienced a decline of 0.9% on September 30, with Sanxia Tourism leading the drop [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Notable stock performances include: - Caesar Travel (000796) closed at 6.34, up 1.77% with a trading volume of 947,200 shares and a turnover of 599 million yuan [1] - Lingnan Holdings (000524) closed at 13.82, up 0.58% with a trading volume of 156,800 shares and a turnover of 216 million yuan [1] - Sanxia Tourism (002627) closed at 6.01, down 3.22% with a trading volume of 321,300 shares and a turnover of 195 million yuan [2] Capital Flow - The tourism and scenic spots sector saw a net outflow of 429 million yuan from main funds, while retail investors contributed a net inflow of 372 million yuan [2] - The capital flow for individual stocks indicates: - Caesar Travel had a net inflow of 31.77 million yuan from main funds, but a net outflow of 30.82 million yuan from retail investors [3] - Sanxia Tourism experienced a net outflow of 46.20 million yuan from main funds [3]

梵净山索道 受访者供图 近年来，随着游客旅游方式逐渐向深度体验转变，"网红索道"也层出不穷。在旅游旺季，不少知名景区的索道动辄排队一两个小时。 因"落日缆车"而走红的松花江观光索道，是黑龙江唯一一条横跨松花江的观光索道，全长1156米，设有19部轿厢。据哈尔滨发布公众号，2024-2025冰雪 季该索道共接待游客40万人次，同比增长20%，外地游客占比显著提升，外国游客增长五成。 仙螺岛跨海索道也是近年索道界"网红打卡地"之一。该索道位于河北秦皇岛，全长1039米，是中国第一条跨海索道，凭借海洋风光吸引了大量游客。在抖 音平台上，仙螺岛跨海索道相关话题的播放量已超过10.8亿次。 而华山西峰索道则是传统山岳型景区索道"出圈"代表，目前抖音话题播放量已达到24.5亿次。公开资料显示，该索道隶属于陕西旅游文化产业股份有限公 司（下称"陕西旅游"），全长4211米，垂直高差达894米。今年5月，陕西旅游上交所主板IPO申请已获受理。据9月15日陕西旅游首轮审核问询函的回复， 西峰索道上半年客流量达146.9万人次，营业收入达1.51亿元。而景区另一条索道北峰索道，上半年游客量也达到74万人次。 26日，"全球最长高 ...

Group 1 - The upcoming National Day and Mid-Autumn Festival holidays are driving a surge in certain tourism-related stocks in the A-share market [1] - Guilin Tourism has reached its daily limit increase, while Xi'an Tourism has risen nearly 7% [1] - Other companies such as Lijiang Co., Xiangyuan Cultural Tourism have increased by nearly 5%, and Jiuhua Tourism and China Youth Travel have risen over 3% [1]

Investment Rating - The industry investment rating is maintained as "Positive" [4] Core Insights - The core value of mountain climbing robots lies not only in physical assistance but also in enhancing visitor experience and optimizing scenic area service capabilities. The focus of future industry development will be on creating barrier-free tourism scenarios and enhancing the technological competitiveness of scenic areas [3][7] - The introduction of mountain climbing robots is expected to significantly improve customer satisfaction and create differentiated advantages by alleviating physical strain on visitors, extending their stay, and stimulating secondary consumption [3][7] Summary by Sections Industry Overview - Domestic mountain scenic areas are actively adopting mountain climbing robots, which are based on bionic joints and intelligent drive technology to provide physical assistance to climbers. The industry is transitioning from pilot projects to large-scale applications [7] - Scenic areas like Taishan have begun large-scale deployment, with plans to operate 5,000 units by the upcoming holiday season [7] Economic Impact - The use of mountain climbing robots enhances visitor experience by making the climbing process easier and more personalized, leading to increased secondary consumption in dining, entertainment, and cultural activities. For instance, the time taken to climb a specific route was reduced by 50%, with a 30% decrease in physical exertion [7] - Scenic areas can open new revenue streams through the rental of these robots, with potential earnings reaching 300 million to 400 million yuan annually if scaled to 5,000 units [7] Market Dynamics - The introduction of climbing robots has led to a 217% year-on-year increase in product sales for scenic areas that offer this experience, particularly attracting younger consumers aged 18-30 [7] - The rental model for these robots varies by scenic area, with pricing around 30-40 yuan per hour, potentially generating significant daily and monthly revenues [7] Technological Development - While the current weight of the robots has been optimized to 1.8 kg, further improvements in weight reduction and battery life are needed for high-frequency rentals. The technology is continuously being refined to address challenges in complex terrains and user safety [7]

证券代码：603199 股票简称：九华旅游 公告编号：临2025-043 安徽九华山旅游发展股份有限公司 特此公告。 安徽九华山旅游发展股份有限公司董事会 2025年9月18日 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。 安徽九华山旅游发展股份有限公司（以下简称"公司"）于 2025 年 9 月 10 日召开第九届董事会第六次会议，审议通过了《关于终止 2025 年度向特定对象 发行 A 股股票事项的议案》，公司决定终止 2025 年度向特定对象发行 A 股股票事 项，并向上海证券交易所申请撤回相关申请文件。详细内容见上海证券交易所网 站（http://www.sse.com.cn/）及《上海证券报》于 2025 年 9 月 11 日刊登的《安 徽九华山旅游发展股份有限公司关于终止 2025 年度向特定对象发行 A 股股票事 项的公告》（公告编号：临 2025-042）。 2025年9月12日，公司和保荐人华安证券股份有限公司向上海证券交易所提 交了《安徽九华山旅游发展股份有限公司关于撤回2025年度向特定对象发行A股 股 ...

Group 1 - The company announced the termination of its plan to issue A-shares to specific investors by September 10, 2025 [1] - The company has applied to the Shanghai Stock Exchange to withdraw the related application documents [1] - On September 16, the company received a decision from the Shanghai Stock Exchange to terminate the review of its A-share issuance [1]