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].

证券代码：000888 证券简称：峨眉山A 公告编号：2025-34 峨眉山旅游股份有限公司关于 选举董事会专门委员会委员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 峨眉山旅游股份有限公司(以下简称"公司")原董事、总 经理马令先生因组织安排和工作需要，于 2025 年 5 月 12 日 向董事会提交书面辞职报告，申请辞去公司第五届董事会董 事、相应董事会专门委员会的职务及总经理职务。为完善公司 治理结构，公司于 2025 年 6 月 9 日召开第五届董事会第一百 四十六次会议，审议通过了《关于选举第五届董事会专门委员 会委员的议案》，现将选举董事会专门委员会委员的事项公告 如下： 根据《公司章程》和各专门委员会议事规则的规定，经董 事长提名，同意选举童建明先生为公司第五届董事会战略与 可持续发展（ESG）委员会委员和薪酬与考核委员会委员，任 期为自本次会议审议通过之日起至第五届董事会换届之日止。 选举完成后第五届董事会各专门委员会人员组成如下： 战略与可持续发展（ESG）委员会：许拉弟、童建明、钟 朝宏、毛杰、陈金龙，其中许拉弟先生为主任委员（召 ...

一、监事会会议召开情况 峨眉山旅游股份有限公司（以下简称"公司"）第五届监事 会第一百二十九次会议于 2025 年 6 月 9 日以现场表决方式召开， 会议通知于 2025 年 6 月 5 日以书面、短信方式发出。会议由监 事会主席邱胜主持，监事石红艳、江越出席了会议，本次会议应 到监事 3 人，实到监事 3 人。本次会议召开符合《中华人民共和 国公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 证券代码：000888 证券简称：峨眉山 A 公告编号：2025-33 峨眉山旅游股份有限公司 第五届监事会第一百二十九次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 会议审议通过《关于选举第五届董事会专门委员会委员的议 案》 为进一步完善公司治理结构，同意选举童建明先生为公司第 五届董事会战略与可持续发展（ESG）委员会委员和薪酬与考核 委员会委员，任期为自本次董事会会议审议通过之日起至第五届 董事会换届之日止。 特此公告。 峨眉山旅游股份有限公司监事会 2025 年 6 月 12 日 2 表决结果：3 票同意，0 票反对，0 票弃权。 全 ...

证券代码：000888 证券简称：峨眉山A 公告编号：2025-32 经董事会审议并表决，通过以下决议： 第五届董事会第一百四十六次会议决议公告 会议审议通过《关于选举第五届董事会专门委员会委员的议 案》 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 为进一步完善公司治理结构，保证董事会各专门委员会的正 常运作，根据《公司章程》和各专门委员会议事规则的规定，同 意选举童建明先生为公司第五届董事会战略与可持续发展（ESG） 一、董事会会议召开情况 峨眉山旅游股份有限公司（以下简称"公司"）第五届董事 会第一百四十六次会议于 2025 年 6 月 9 日在公司会议室召开。 会议通知于 2025 年 6 月 5 日以书面、短信方式发出。本次会议 应参加会议董事 5 人，实际参加会议董事 5 人。会议由董事长许 拉弟主持，公司监事及部分高级管理人员列席会议。本次会议召 开符合《中华人民共和国公司法》和《公司章程》的有关规定。 峨眉山旅游股份有限公司 二、会议审议情况 特此公告。 峨眉山旅游股份有限公司董事会 2025 年 6 月 12 日 委员会委员和薪酬与考核委员 ...

四川省成都市高新区天府大道北段 966 号天府国际金融中心南塔 25 层-26 层 邮编：610041 25-26/F, South Tower of Tianfu International Finance Center, 966 North Tianfu Avenue, High-tech Zone, Chengdu, Sichuan 610041, P. R. China 电话/Tel : +86 28 6208 8001 传真/Fax : +86 28 6208 8111 www.zhonglun.com 北京中伦（成都）律师事务所 关于峨眉山旅游股份有限公司 2025 年第一次临时股东大会的 法律意见书 1．公司章程； 2．公司第五届董事会第一百四十五次会议决议公告； 3．公司第五届监事会第一百二十八次会议决议公告； 【2025】中伦成律（见）字第 014014-0025-060901 号 致：峨眉山旅游股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、中国证券监督管理委员会《上市公司股东会 规则》（以下简称"《股东会规则》" ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 证券代码：000888 证券简称：峨眉山A 公告编号：2025-31 峨眉山旅游股份有限公司 2025年第一次临时股东大会决议公告 特别提示： 1．本次股东大会无否决议案的情形； 2．本次股东大会涉及变更前次股东大会决议，具体如下:本 次股东大会审议通过的《关于终止<关于拟收购全资子公司使用 募集资金建成的部分资产议案>的议案》涉及变更2015年7月25日 刊登于指定信息披露媒体巨潮资讯网(www.cninfo.com.cn)的 《2015年第二次临时股东大会决议公告》中审议通过的《关于拟 收购全资子公司使用募集资金建成的部分资产的议案》。 一、会议召开和出席情况 （一）会议召开情况 1．会议时间 现场会议时间为：2025年6月9日15:00； 网络投票时间为：2025年6月9日，其中： （1）通过深圳证券交易所交易系统投票时间 1 2025年6月9日9:15-9:25；9:30-11:30,13:00-15:00。 （2）通过深圳证券交易所互联网投票系统投票时间 2025年6月9日9:15-15:00期间的任意 ...

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].

Core Insights - The beer sector experienced a significant increase of 3.85%, leading the concept sectors in terms of growth, with 24 stocks rising, including notable gainers such as Jiamei Packaging, Yongshuntai, and Lehui International, which hit the daily limit up [1][2] Sector Performance - The beer concept was the top-performing sector today, with a rise of 3.85%, while other sectors like military restructuring and glyphosate saw declines of -0.34% and -0.26% respectively [2] - Major gainers in the beer sector included: - Pinwo Food: +12.84% - Huichuan Beer: +7.03% - China Haicheng: +5.50% [1] Capital Flow - The beer sector attracted a net inflow of 488 million yuan from main funds, with 17 stocks receiving net inflows, and 5 stocks exceeding 30 million yuan in net inflow [2][3] - The top stocks by net inflow included: - Emei Mountain A: 209 million yuan - Yongshuntai: 109 million yuan - Jiamei Packaging: 54 million yuan [2] Stock Performance - Key stocks in the beer sector with notable performance included: - Emei Mountain A: +10.00% with a net inflow ratio of 30.30% - Yongshuntai: +10.01% with a net inflow ratio of 18.06% - Jiamei Packaging: +10.12% with a net inflow ratio of 30.81% [3][4] - Other stocks with positive movement included: - Pinwo Food: +12.84% - China Haicheng: +5.50% [1][4]

证券代码：000888 证券简称：峨眉山A 公告编号：2025-30 峨眉山旅游股份有限公司 关于召开2025年第一次临时股东大会的 提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 峨眉山旅游股份有限公司（以下简称"公司"）第五届董事 会第一百四十五次会议审议通过了《关于召开 2025 年第一次临 时股东大会的议案》，决定于 2025 年 6 月 9 日召开公司 2025 年 第一次临时股东大会，并于 2025 年 5 月 23 日在《中国证券报》 《证券时报》及巨潮资讯网（www.cninfo.com.cn）上披露了《关 于召开 2025 年第一次临时股东大会的通知》（公告编号： 2025-29）。本次股东大会采用现场投票与网络投票结合的方式 进行，为确保公司股东充分了解本次股东大会有关信息，现将本 次股东大会的有关事项再次通知如下： 一、召开会议的基本情况 （一）会议届次 本次股东大会是公司 2025 年第一次临时股东大会 1 （二）会议的召集人 本次会议的召集人为公司董事会。公司第五届董事会第一百 四十五次会议审议通过了《关于召开 2025 ...

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]