Core Insights - The report highlights that tourism volume is increasing while prices remain stable, with a focus on policy support and advancements in AI applications within the sector [3][9] - The domestic travel market saw 314 million trips during the May Day holiday, a year-on-year increase of 6.4%, with total spending reaching 180.27 billion yuan, up 8.0% [9][21] - The report suggests that the tourism trend will continue to improve due to consumer experience demands and favorable industry policies, recommending investments in leading companies benefiting from these trends [3][42] Market Review - In April, the consumer services sector outperformed the benchmark by 1.42 percentage points, with strong performances from tourism and education stocks [4][6] - The May Day holiday saw significant gains in the education sector and travel-related stocks, with notable performances from companies involved in AI-enhanced education [4][6] Sub-industry Analysis - **Inbound and Outbound Travel**: Inbound travel saw a 28.7% increase in visitor numbers during the May Day holiday, with significant growth in travelers from Hong Kong, Macau, and Taiwan [16][21] - **Hotel Industry**: The hotel sector experienced a 11.5% increase in revenue per available room (RevPAR) during the holiday, with occupancy rates and average daily rates also rising [24][22] - **Scenic Areas**: Major scenic spots reported strong visitor numbers, with some locations seeing over 50% growth compared to the previous year, aided by favorable weather and local government initiatives [25][28] - **Dining Sector**: Key monitored dining enterprises reported an 8.7% increase in sales during the holiday, reflecting a recovery in consumer spending [29][30] - **Duty-Free Sales**: Duty-free shopping during the holiday saw a decline of 7% in sales, although the average transaction value remained stable [35][41] Investment Recommendations - The report recommends focusing on leading companies that are expected to benefit from policy support and improving consumer sentiment, including Tongcheng Travel, Xueda Education, Jiuhua Tourism, and others [3][42]

峨眉山旅游股份有限公司 关于举行 2024 年度业绩说明会的公告 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。 证券代码：000888 证券简称：峨眉山A 公告编号：2025-18 欢迎广大投资者积极参与本次网上业绩说明会。 特此公告。 峨眉山旅游股份有限公司（以下简称"公司"）已于 2025 年 4 月 25 日披露了《2024 年年度报告》。为使投资者更深入、 全面地了解公司 2024 年年度报告的内容，公司拟于 2025 年 5 月 14 日(星期三)15:00-17:00 举行 2024 年度网上业绩说明会。 峨眉山旅游股份有限公司董事会 本次年度业绩说明会将采用网络远程的方式举行，投资 者 可 登 陆 深 圳 证 券 交 易 所 " 互 动 易 " 平 台 (http://irm.cninfo.com.cn)，进入"云访谈"栏目参与本 次年度业绩说明会。 1 公司拟出席本次年度业绩说明会的人员有：董事长许拉 弟先生，独立董事陈金龙先生，财务总监王蓉女士，营销总 监何群先生，董事会秘书龙舸先生，具体以当天实际参会人 员为准。 者的意见和建议。投资者可 ...

证券代码：000888 证券简称：峨眉山 A 公告编号：2025-20 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。 峨眉山旅游股份有限公司 第五届监事会第一百二十七次会议决议公告 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 会第一百二十七次会议于 2025 年 4 月 28 日以通讯表决方式召开。 会议通知于 2025 年 4 月 22 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 会议审议通过《关于 2025 年第一季度报告的议案》。 监事会认为：董事会编制和审议公司 2025 年第一季度报告 的程序符合法律、行政法规及中国证监会和深圳证券交易所的有 关规定，报告内容真实、准确、完整反映了公司实际情况，不存 在虚假记载、误导性陈述或重大遗漏。 1 表决结果：3 票同意，0 票反对，0 票弃权。 全文内容详见公司同日在巨潮资讯网披露的《2025 年第一 ...

证券代码：000888 证券简称：峨眉山A 公告编号：2025-19 峨眉山旅游股份有限公司 第五届董事会第一百四十四次会议决议公告 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。 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 董事会第一百四十四次会议于 2025 年 4 月 28 日以通讯表决 方式召开。会议通知于 2025 年 4 月 22 日以书面方式发出。 本次会议应参加会议董事 5 人，实际参加会议董事 5 人，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、会议审议情况 经董事会审议并表决，通过以下决议： 审议通过《关于 2025 年第一季度报告的议案》 表决结果：5 票同意，0 票反对，0 票弃权。 公司董事会审计委员会审议通过了此议案。 全文内容详见公司同日在巨潮资讯网披露的《2025 年第 一季度报告》（公告编号：2025-21）。 1 三、备查文件 1.峨眉山旅游股份有限公司第五届董事会第一百四十四 次会议决议； 2.董事会审计委员会决议。 特此公告。 峨眉山旅游股份有限公司董事会 2 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥226,048,605.29, a decrease of 10.83% compared to ¥253,497,799.59 in the same period last year[5]. - Net profit attributable to shareholders was ¥58,905,622.66, down 20.84% from ¥74,417,768.12 year-on-year[5]. - The net profit for the current period is CNY 54,807,206.53, a decrease of 17.3% compared to CNY 66,158,333.65 in the previous period[28]. - The total profit for the current period is CNY 65,727,434.46, down from CNY 79,849,821.95, reflecting a decline of 17.6%[28]. - Operating profit for the current period is CNY 65,744,410.41, compared to CNY 79,884,831.02 in the previous period, indicating a decrease of 17.7%[28]. - The company's net profit margin for the current period was impacted by a decrease in operating revenue and increased financial expenses[26]. - The company reported a decrease in operating income, with total operating income for the current period at CNY 253,576,049.88, down from CNY 287,699,617.20 in the previous period, a decline of 11.9%[29]. Cash Flow and Assets - The net cash flow from operating activities increased by 53.12% to ¥71,750,054.48, compared to ¥46,858,383.76 in the previous year[5]. - The cash flow from operating activities for the current period is CNY 71,750,054.48, an increase of 53.1% from CNY 46,858,383.76 in the previous period[29]. - The cash and cash equivalents increased to RMB 1.56 billion from RMB 1.51 billion at the beginning of the period, reflecting a growth of 3.4%[22]. - The cash and cash equivalents at the end of the period amount to CNY 1,533,338,127.78, up from CNY 1,386,175,039.52, representing an increase of 10.6%[30]. - Total assets at the end of the reporting period were ¥3,302,271,725.41, an increase of 1.12% from ¥3,265,582,995.92 at the end of the previous year[5]. - As of March 31, 2025, total assets reached RMB 3.30 billion, an increase from RMB 3.27 billion at the beginning of the period[22][24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,372[10]. - The largest shareholder, Sichuan Emei Mountain Leshan Giant Buddha Tourism Group Co., Ltd., holds 32.59% of the shares, totaling 171,721,744 shares[10]. Financial Assistance and Loans - The company provided financial assistance of RMB 40 million to its subsidiary Yunnan Tianyou, with an overdue amount of RMB 29.56 million, accounting for 2.03% of the company's audited net assets for 2024[14]. - As of the report date, the company has recovered RMB 2.01 million from Yunnan Tianyou after legal proceedings, with the remaining overdue amount still outstanding[15]. - The company approved financial assistance of up to RMB 50 million to Emei Mountain Cloud Tourism Investment Co., Ltd. to support daily operations of the "Only Emei Mountain" theater project[16]. - Emei Mountain Cloud Tourism Investment Co., Ltd. has drawn RMB 535.68 million from a fixed asset loan, with a remaining balance of RMB 493.45 million[17]. - The company transferred assets and liabilities related to the "Only Emei Mountain" cultural performance project to Emei Mountain Cloud Tourism Investment Co., Ltd., including a loan of RMB 210 million from Industrial and Commercial Bank of China[18]. - The company signed a fixed asset loan agreement with the Industrial and Commercial Bank of China for a principal amount of RMB 560 million, maturing on December 5, 2036[19]. Other Financial Metrics - The weighted average return on equity decreased to 2.22% from 2.94% in the previous year[5]. - Total operating costs decreased to RMB 161.89 million, a reduction of 7% compared to RMB 173.43 million in the prior period[26]. - Accounts receivable decreased to RMB 43.86 million from RMB 45.32 million, indicating a decline of 3.2%[22]. - Non-current liabilities totaled RMB 548.54 million, slightly down from RMB 550.97 million at the beginning of the period[24]. - Basic and diluted earnings per share for the current period are both CNY 0.1118, down from CNY 0.1412 in the previous period, a decrease of 20.5%[28]. - The total comprehensive income for the current period is CNY 54,807,206.53, compared to CNY 66,158,333.65 in the previous period, reflecting a decline of 17.3%[28]. - The cash flow from investing activities shows a net outflow of CNY 14,459,370.34, an improvement from a net outflow of CNY 35,408,692.27 in the previous period[30]. - The cash flow from financing activities results in a net outflow of CNY 4,776,635.08, compared to a net outflow of CNY 5,620,992.02 in the previous period, indicating a slight improvement[30].

Investment Rating - The report maintains a "Recommendation" rating for the consumer discretionary sector [5] Core Insights - The beauty and personal care segment shows strong growth, with companies like Proya achieving over 10 billion RMB in revenue for the first time, and significant increases in net profit [3][26] - The retail sector is expanding, with ALDI opening new stores and achieving record sales, while companies like Yonghui Supermarket are recovering from previous losses [25][34] - The travel and leisure industry is also seeing growth, with increased flight operations and significant revenue increases for companies like Xiangyuan Culture [21][34] Summary by Sections Market Performance - For the week of April 21-25, 2025, the Shenyin Wanguo indices for retail, social services, and beauty care sectors showed mixed performance, with beauty care up by 3.80% [10][12] - The beauty care sub-sector outperformed others, with individual products and cosmetics increasing by 7.11% and 4.89% respectively [11] Key Industry Data and News - Proya's revenue for 2024 reached 10.778 billion RMB, marking a 21% increase, while its net profit rose by 30% [3][26] - Other companies like Marubi and Betaini also reported significant revenue growth, with Marubi's revenue increasing by 33.4% in 2024 [3][29] - The travel sector saw a rise in flight operations, with nearly 106,000 flights executed in the week of April 14-20, 2025, reflecting an 8.7% increase year-on-year [21][23] Key Company Announcements - Proya's Q1 2025 revenue was 2.359 billion RMB, a year-on-year increase of 8.13% [26] - Marubi reported a Q1 2025 revenue of 847 million RMB, up 28.01% from the previous year [29] - Bubble Mart's Q1 2025 revenue surged by 165%-170%, with overseas revenue increasing by over 475% [33]

峨眉山旅游股份有限公司 关于召开投资者交流会的公告 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。 为便于广大投资者更全面深入地了解公司 2024 年经营成 果、财务状况，峨眉山旅游股份有限公司（以下简称"公司"） 将于 2025 年 5 月 8 日在峨眉山大酒店召开投资者交流会，5 月 9 日在峨眉山雪芽茶叶基地实地调研了解茶产业，就投资 者关心的问题进行交流，以便广大投资者更全面深入地了解 公司情况。现将有关事项公告如下： 证券代码：000888 证券简称：峨眉山A 公告编号：2025- 17 公司董事长及部分董事、监事、高级管理人员、董事会秘 书。 五、其他事项 1.预约报名 一、召开时间 2025 年 5 月 8 日-5 月 9 日 二、召开地点 峨眉山大酒店、峨眉雪芽茶叶基地 三、会议召开方式 现场召开 四、参加人员 1 2 2025 年 4 月 26 日 3 因现场条件有限，本次交流会现场限额 80 人，额满即止。 请有意向参加的投资者请于 4 月 30 日 15:00 前扫描下方二维 码进行报名。 咨询电话：0833-5528075、0833-5 ...

证券代码：000888 证券简称：峨眉山A 公告编号：2025-13 峨眉山旅游股份有限公司 关于 2024 年度募集资金存放与使用情况专 项报告的公告 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。 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经本公司第五届董事会第十六次会议、第二十次会议和 第二十五次会议审议通过，以及 2013 年第一次临时股东大 会和第二次临时股东大会审议通过，并经中国证监会证监许 可〔2013〕1406 号《关于核准峨眉山旅游股份有限公司非公 开发行股票的批复》核准，本公司于 2013 年 12 月通过非公 开发行股票方式发行股票 28,268,551 股，发行价格为 16.98 元 / 股 ， 募 集 资 金 总 额 479,999,995.98 元 ， 扣 除 12,480,000.00 元 发 行 费 用 后 ， 募 集 资 金 净 额 467,519,995.98 元。以上募集资金已于 2013 年 12 月 5 日到 账，经信永中和会计师事务所（特殊普通合伙）出具的《验 资报告》（XYZH/2013CDA30 ...

峨眉山旅游股份有限公司 2024 年度董事会工作报告 2024 年度，峨眉山旅游股份有限公司（以下简称"公司"） 董事会按照《公司法》《证券法》和《公司章程》等相关规 定，认真落实股东大会各项决议，积极履行股东大会赋予的 职责，勤勉尽责地开展日常工作，以科学决策促进了公司规 范治理和高质量发展。现将相关工作汇报如下。 一、2024 年董事会工作情况 2024 年，公司在乐山市委、市政府和市国资委党委的坚 强领导下，围绕"产业强市、旅游兴市"发展主线，紧扣"节 奏更快、效率更高、质量更优"工作要求，以新质生产力赋 能文旅产业高质量发展为统领，统筹发展与安全，凝心聚力、 克难而进、接续奋斗、砥砺前行，圆满完成全年各项目标任 务。报告期内，公司接待游山人数 467.22 万人次，同比下降 1.6%；公司实现营业收入 101,332.44 万元，同比下降 3%；归 属于母公司净利润 23,463.89 万元，同比上升 3.08%；净资产 收益率 9.18%，同比下降 0.4 个百分点，公司资产总额 326,558.30 万元，归属于母公司净资产 261,947.70 万元，负 债总额 83,457.29 万元，资产负 ...

峨眉山旅游股份有限公司 2024年度内部控制自我评价报告 峨眉山旅游股份有限公司 2024年度内部控制自我评价报告 峨眉山旅游股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和内部控制 监管要求（以下简称"企业内部控制规范体系"），结合本公司（以 下简称"公司"）内部控制制度和评价办法，在内部控制日常监督 和专项监督的基础上，我们对公司2024年12月31日（内部控制评价 报告基准日）的内部控制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部 控制，评价其有效性，并如实披露内部控制评价报告是公司董事会 的责任。监事会对董事会建立和实施内部控制进行监督。经理层负 责组织领导企业内部控制的日常运行。公司董事会、监事会及董事、 监事、高级管理人员保证本报告内容不存在任何虚假记载、误导性 陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个 别及连带法律责任。 公司内部控制的目标是合理保证企业经营管理合法合规、资产 安全、财务报告及相关信息真实完整，提高经营效率和效果，促进 公司实现发展战略。由于内部控制存在的固有局限性，故仅能为实 现上述目标提供合 ...