（编辑 任世碧） 证券日报网讯 11月26日晚间，峨眉山A发布公告称，公司于2025年11月7日收到四川省峨眉山乐山大佛 旅游集团有限公司（简称"峨乐旅集团"）出具的《四川省峨眉山乐山大佛旅游集团有限公司关于乐山国 有资产投资运营（集团）有限公司将所持我集团90%的国有股权划转至乐山产业投资（集团）有限公司 有关事项的通知》（峨乐旅集司发〔2025〕26号），乐山国有资产投资运营（集团）有限公司（简 称"国投集团"）将其持有的峨乐旅集团90%的股权无偿划转给乐山产业投资（集团）有限公司（简 称"产业投资集团"），导致产业投资集团间接收购国投集团持有的公司32.59%的股份。公司于近日接到 峨乐旅集团的通知，峨乐旅集团已完成工商登记变更。本次变更后，公司控股股东仍为峨乐旅集团，国 投集团和产业投资集团为公司间接控股股东，实际控制人未发生变化，仍为乐山市国资委。 ...

证券代码：000888 证券简称：峨眉山A 公告编号：2025-58 峨眉山旅游股份有限公司 关于间接控股股东国有股权无偿划转 完成工商变更登记的公告 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"）于 2025 年 11 月 7 日收到四川省峨眉山乐山大佛旅游集团有限公司（以下 简称"峨乐旅集团"）出具的《四川省峨眉山乐山大佛旅游集团 有限公司关于乐山国有资产投资运营（集团）有限公司将所持我 集团 90%的国有股权划转至乐山产业投资（集团）有限公司有关 事项的通知》（峨乐旅集司发〔2025〕26 号），乐山国有资产 投资运营（集团）有限公司（以下简称"国投集团"）将其持有 的峨乐旅集团 90%的股权无偿划转给乐山产业投资（集团）有限 公司（以下简称"产业投资集团"），导致产业投资集团间接收 购国投集团持有的公司 32.59%的股份。 公司于 2025 年 11 月 12 日披露了《峨眉山旅游股份有限公 司关于间接控股股东国有股权无偿划转的提示性公告》（公告编 1 号：2025-56），于 2025 年 11 月 13 ...

证券之星消息，11月26日旅游及景区板块较上一交易日下跌1.13%，峨眉山Ａ领跌。当日上证指数报收 于3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。旅游及景区板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002707 | 众信旅游 | 743.85万 | 6.61% | -603.02万 | -5.36% | -140.83万 | -1.25% | | 6680003 | 西域旅游 | 275.35万 | 2.31% | -354.74万 | -2.97% | 79.39万 | 0.66% | | 000524 岭南控股 | | 175.00万 | 2.35% | -171.59万 | -2.30% | -3.41万 | -0.05% | | 603136 | 天目湖 | 129.37万 | 4.12% | -201.46万 | -6.42% | 72.08万 ...

Market Overview - The tourism and scenic spots sector increased by 1.21% on November 25, with Tianfu Culture and Tourism leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Stock Performance - Tianfu Culture and Tourism (000558) closed at 5.89, with a rise of 6.90% and a trading volume of 2.33 million shares, amounting to a transaction value of 1.367 billion yuan [1] - Other notable performers include: - Caesar Travel (000796) at 6.94, up 3.74% [1] - Emei Mountain A (000888) at 13.17, up 2.57% [1] - Three Gorges Tourism (002627) at 6.40, up 2.40% [1] - Xiyu Tourism (300859) at 35.67, up 1.54% [1] Capital Flow - The tourism and scenic spots sector saw a net inflow of 241 million yuan from main funds, while retail funds experienced a net outflow of 116 million yuan [2] - The capital flow for individual stocks indicates: - Tianfu Culture and Tourism had a main fund net inflow of 236 million yuan, but retail funds saw a net outflow of 138 million yuan [3] - Emei Mountain A recorded a main fund net inflow of 56 million yuan, with retail funds experiencing a net outflow of 31 million yuan [3]

Core Viewpoint - The tourism and scenic spots sector experienced a rise of 1.32% on November 24, with Tianfu Culture and Tourism leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] - Key stocks in the tourism sector showed significant increases, with Tianfu Culture and Tourism rising by 4.55% to a closing price of 5.51 [1] Group 2: Stock Performance - Notable performers included: - Tianfu Culture and Tourism (000558): 5.51, +4.55%, 844,600 shares traded, 463 million yuan turnover [1] - Zhongxin Tourism (002707): 6.97, +3.41%, 220,200 shares traded, 152 million yuan turnover [1] - Qujiang Culture and Tourism (600706): 10.60, +3.11%, 101,500 shares traded, 107 million yuan turnover [1] - Conversely, Caesar Travel (000796) saw a decline of 6.69% to 6.69, with a trading volume of 1,428,100 shares and a turnover of 973 million yuan [2] Group 3: Capital Flow - The tourism and scenic spots sector experienced a net outflow of 40.05 million yuan from institutional investors, while retail investors saw a net inflow of 105 million yuan [2] - Specific stock capital flows indicated: - Tianfu Culture and Tourism: -30.41 million yuan from institutional investors [3] - Zhongxin Tourism: +13.34 million yuan from institutional investors [3] - Yunnan Tourism (002059): +10.78 million yuan from institutional investors, but -33.39 million yuan from retail investors [3]

Core Insights - Emei Mountain A is transitioning from a traditional scenic area to a world-class cultural tourism benchmark through the integration of cultural tourism, infrastructure upgrades, and digital transformation [1] Group 1: Business Strategy - The company is focusing on a dual strategy of "integrated marketing + cross-industry cultural tourism" to diversify its revenue streams beyond traditional ticket sales [3] - Emei Mountain A has expanded its business portfolio to include hotel accommodations, tea products, big data operations, and cultural media, moving towards a comprehensive tourism service model [3] - The company is actively engaging in nationwide and international marketing efforts, including partnerships with tourism associations in Malaysia and promotional events in major cities [4] Group 2: Market Performance - From January to September, Emei Mountain received 5.1761 million visitors, a year-on-year increase of 5.44%, with inbound tourism numbers reaching 145,500, a growth of 30.38% [5] - The company has successfully launched various cultural and experiential products, such as the "Bodhi Tea Ceremony" and cross-industry collaborations, contributing to significant sales growth [4][5] Group 3: Infrastructure Development - Emei Mountain A is investing over several hundred million yuan in infrastructure projects, including the "Three Stations and One Road" initiative, to enhance service quality and capacity [6][7] - The completion of the 4.7-kilometer "Golden Tourism Passage" has improved traffic flow and reduced congestion during peak seasons by 70% [8] Group 4: Digital Transformation - The company has been advancing its digital transformation for over 20 years, now entering a phase of deep AI integration to enhance operational efficiency and visitor experience [9] - Emei Mountain A has developed an intelligent management system that allows real-time monitoring of visitor distribution and logistics, achieving a 20% reduction in costs and a fivefold increase in efficiency [9][10] - The introduction of AI technologies, such as multilingual translation screens and AI tour assistants, has significantly improved visitor engagement and satisfaction [10]

Market Overview - The tourism and scenic spots sector experienced a decline of 3.08% on November 21, with Dalian Shengya leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Dalian Shengya saw a significant drop of 10.00%, closing at 47.34, with a trading volume of 147,500 shares and a transaction value of 714 million [2] - Other notable declines included Tianfu Culture Tourism (-4.18%), Changzi Mountain (-4.08%), and Qujiang Culture Tourism (-3.93%) [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 486 million from main funds, while retail investors saw a net inflow of 461 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Yunnan Tourism had a main fund net inflow of 10.99 million, while it faced a retail net outflow of 32.27 million [3] - Huangshan Tourism and Sanxia Tourism experienced significant net outflows from main funds, at 10.61 million and 11.62 million respectively, while both saw positive retail inflows [3]

Investment Rating - The report maintains an "Overweight" rating for the retail industry [1] Core Insights - The 2025 Double Eleven sales period saw a total e-commerce sales of approximately 1,695 billion yuan, representing a year-on-year increase of 14.2%. The comprehensive e-commerce platforms accounted for 1,619.1 billion yuan, with a year-on-year growth of 12.3% [4][9] - Instant retail showed remarkable growth, with sales reaching 67 billion yuan during the Double Eleven period, marking a year-on-year increase of 138% [10][15] - Key product categories such as digital appliances, food and beverages, furniture, and pet products experienced significant growth, with pet sales reaching 9.2 billion yuan, up 59% year-on-year [15][16] Summary by Sections Weekly Industry Viewpoint - The Double Eleven sales period was extended, contributing to steady growth in total e-commerce sales. The sales period for 2025 was from October 7 to November 11, compared to October 14 to November 11 in 2024 [9] - Instant retail emerged as a highlight, with substantial growth compared to traditional e-commerce formats [10] Weekly Market Review - From November 10 to November 16, the Shenwan retail index increased by 4.06%, while the Shanghai Composite Index decreased by 0.18% [17] - Year-to-date performance shows the Shenwan retail index up by 8.43%, compared to a 19.06% increase in the Shanghai Composite Index [17][22] Company Valuation Table - The report includes a detailed valuation table for various companies in the retail sector, with specific metrics such as market capitalization and P/E ratios [24][25]

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 年第三次临时股东会的 2．公司第五届董事会第一百五十次会议决议公告； 3．公司关于召开 2025 年第三次临时股东会的通知公告； 4．公司本次股东会股东到会登记记录及凭证资料； 法律意见书 法律意见书 【2025】中伦成律（见）字第 014014-0025-111801 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《 ...

证券代码：000888 证券简称：峨眉山A 公告编号：2025-57 网络投票时间为：2025年11月18日，其中： （1）通过深圳证券交易所交易系统投票时间 峨眉山旅游股份有限公司 2025年第三次临时股东会决议公告 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。 特别提示： 1.本次股东会不涉及变更以往股东会已通过的决议； 2.本次股东会未出现否决提案的情形。 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11月18日15:30； 2025年11月18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11月18日9:15-15:00期间的任意时间。 2.现场会议召开地点：峨眉山市名山南路639号公司二楼小 会议室。 1 3.会议召开方式：现场会议与网络投票方式相结合的表决方 式。 4.股权登记日：2025年11月11日 5.会议召集人：公司董事会 6.会议主持人：董事长 许拉弟 7.本次股东会的召集召开程序以及表决方式符合《中华人民 共和国公 ...