Core Insights - The tourism and scenic spots sector experienced a rise of 0.77% on November 17, with Dalian Shengya leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Sector Performance - Dalian Shengya (600593) closed at 53.09, up 7.01% with a trading volume of 170,400 shares and a transaction value of 880 million [1] - Caesar Travel (000796) closed at 8.17, up 6.10% with a trading volume of 2,343,000 shares and a transaction value of 1.9 billion [1] - Changbai Mountain (660509) closed at 52.90, up 4.92% with a trading volume of 175,700 shares and a transaction value of 932 million [1] - Tianfu Culture and Tourism (000558) closed at 5.62, up 4.07% with a trading volume of 1,028,900 shares and a transaction value of 572 million [1] - Emei Mountain A (000888) closed at 13.12, up 1.47% with a trading volume of 108,100 shares and a transaction value of 141 million [1] Capital Flow - The tourism and scenic spots sector saw a net outflow of 244 million from main funds, while retail investors contributed a net inflow of 235 million [2] - The main funds' net inflow for Tianfu Culture and Tourism was 93.67 million, while retail investors had a net outflow of 82.61 million [3] - Dalian Shengya had a main fund net inflow of 24.47 million, with retail investors experiencing a net outflow of 47.64 million [3]

Core Insights - The tourism and scenic spots sector experienced a decline of 0.54% on November 14, with Xiyu Tourism leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Fund Flow Analysis - On the same day, the tourism and scenic spots sector saw a net outflow of 359 million yuan from main funds, while retail investors contributed a net inflow of 404 million yuan [2] - The table provided indicates specific fund flows for various companies, showing that: - Caesar Travel had a main fund net inflow of 40.13 million yuan, but a net outflow from retail investors of 0.39 million yuan [2] - Jiuhua Tourism experienced a main fund net inflow of 5.51 million yuan, with a net outflow from retail investors of 0.28 million yuan [2] - Guilin Tourism had a main fund net inflow of 3.91 million yuan, but a significant net outflow from retail investors of 1.53 million yuan [2] - Other companies like Emei Mountain A and Huangshan Tourism faced net outflows from both main and retail funds [2]

峨眉山旅游股份有限公司 收购报告书 上市公司名称：峨眉山旅游股份有限公司 股票上市地点：深圳证券交易所 股票简称：峨眉山 A 股票代码：000888.SZ 收购人：乐山产业投资（集团）有限公司 住所：四川省乐山市市中区海棠路 276 号 通讯地址：四川省乐山市市中区海棠路 276 号 签署日期：二〇二五年十一月 收购人声明 本声明所述的词语或简称与收购报告书"释义"部分所定义的词语或简称 具有相同的涵义。 一、本报告书系收购人根据《公司法》《证券法》《收购管理办法》《格式 准则第 16 号》及相关的法律、法规和部门规章的有关规定编写。 二、依据《公司法》《证券法》《收购管理办法》《格式准则第 16 号》的 规定，本报告书已全面披露收购人在峨眉山股份拥有权益的股份。截至本报告书 签署日，除本报告书披露的持股信息外，收购人没有通过任何其他方式在峨眉山 股份拥有权益。 三、收购人签署本报告书已获得必要的授权和批准，其履行亦不违反收购人 章程或内部规则中的任何条款，或与之相冲突。 四、截至本收购报告书出具日，本次收购所涉及的各方需根据相关法律法规 及规范性文件依法履行信息披露义务。本次收购已经履行了现阶段必要的法定程 ...

关于 乐山产业投资（集团）有限公司 申请豁免要约收购义务 之 法律意见书 四川致高律师事务所 二〇二五年十一月 地址：成都市武侯区名都166号嘉煜金融科技中心A座29楼、30楼 1 总机：86-28-61558181 传真：86-28-85151003 | | | 地址：成都市高新区名都路 166 号嘉煜金融科技中心1 栋29 楼-30 楼 610041 主页: http://www.chihkao.com/ 电话：86-28-61558181 传真：86-28-85151003 邮箱：zhouhao@chihkao.com 第一部分 序言 致：乐山产业投资（集团）有限公司 根据《中华人民共和国证券法》《中华人民共和国公司 法》《上市公司收购管理办法》等法律法规、部门规章及其 他规范性文件（以下简称"法律法规"）的有关规定，四川 致高律师事务所接受乐山产业投资（集团）有限公司委托， 就乐山产业投资（集团）有限公司因乐山市国有资产监督管 理委员会批准将乐山国有资产投资运营（集团）有限公司持 有的四川省峨眉山乐山大佛旅游集团有限公司 90%的股权无 偿划转至乐山产业投资（集团）有限公司，从而间接持有峨 眉山旅游股 ...

关于 二〇二五年十一月 地址：成都市武侯区名都166号嘉煜金融科技中心A座29楼、30楼 总机：86-28-61558181 传真：86-28-85151003 | 十、结论意见 29 | | --- | 峨眉山旅游股份有限公司 收购报告书 之 法律意见书 四川致高律师事务所 根据《中华人民共和国证券法》《中华人民共和国公司 法》《上市公司收购管理办法》《公开发行证券的公司信息披 露内容与格式准则第 16 号——上市公司收购报告书》等法 律、行政法规、部门规章及规范性文件的有关规定，四川致 高律师事务所接受乐山产业投资（集团）有限公司委托，就 乐山产业投资（集团）有限公司因乐山市国有资产监督管理 委员会批准，将乐山国有资产投资运营（集团）有限公司持 有的四川省峨眉山乐山大佛旅游集团有限公司 90%的股权无 偿划转至乐山产业投资（集团）有限公司，从而间接持有峨 眉山旅游股份有限公司共计【32.59】%的股份，有关事宜而 编制的《峨眉山旅游股份有限公司收购报告书》的有关事项 出具本法律意见书。 1 地址：成都市高新区名都路 166 号嘉煜金融科技中心1 栋29 楼-30 楼 610041 主页: http://w ...

峨眉山旅游股份有限公司 收购报告书摘要 上市公司名称：峨眉山旅游股份有限公司 股票上市地点：深圳证券交易所 股票简称：峨眉山A 股票代码：000888.SZ 收购人：乐山产业投资（集团）有限公司 住所：四川省乐山市市中区海棠路276号 通讯地址：四川省乐山市市中区海棠路276号 签署日期：二〇二五年十一月 收购人声明 本声明所述的词语或简称与收购报告书摘要"释义"部分所定义的词语或简 称具有相同的涵义。 三、收购人签署本报告书摘要已获得必要的授权和批准，其履行亦不违反收 购人章程或内部规则中的任何条款，或与之相冲突。 四、截至本收购报告书摘要出具日，本次收购所涉及的各方需根据相关法律 法规及规范性文件依法履行信息披露义务。本次收购已经履行了现阶段必要的 法定程序。本次收购系乐山市国资委实际控制下的不同主体之间进行，未导致 上市公司的实际控制人发生变化，符合《收购管理办法》第六十二条第一款第 （一）项规定的可以免于以要约方式增持股份的情形。同时，本次收购属于国 有股份无偿划转导致收购人在上市公司中拥有权益的股份占其已发行股份的比 例超过30%，符合《收购管理办法》第六十三条第一款第（一）项规定的可以免 于发出要 ...

Key Points - *ST Zhengping's stock will resume trading on November 12, 2025, after a significant increase of 152.42% from September 1 to October 28, 2025, with 21 days of trading halts and 5 instances of abnormal trading fluctuations [3] - Dongfang Zhizao plans to acquire 70% of Nantong Saifu Machinery Equipment Co., Ltd. for 27.4887 million yuan, making it a subsidiary [4] - Zhifei Biology received approval for clinical trials of a combined vaccine for adolescents and adults to prevent diphtheria, tetanus, and whooping cough [5] - CITIC Securities has been approved by the CSRC to issue up to 50 billion yuan in short-term corporate bonds [6] - Bangji Technology intends to terminate a major asset restructuring involving the acquisition of several companies, stating that current operations will not be adversely affected [7] - Dekeli is planning to issue S-shares and list on the Singapore Exchange as part of its global strategy [8] - Emei Mountain A announced that Leshan State Investment will transfer 90% of its stake in Emei Mountain Leshan Buddha Tourism Group to another state-owned entity without compensation, maintaining the current control structure [9] Performance Summary - Xincheng Development reported a contract sales amount of approximately 1.419 billion yuan in October 2025, with cumulative sales of about 16.468 billion yuan from January to October [11] - Huadong Holdings sold 242,500 pigs in October 2025, with a 19.85% month-on-month increase and a 20.80% year-on-year increase [13] - Xiamen Airport's passenger throughput in October was 2.5548 million, a year-on-year increase of 1.56% [14] Shareholding Changes - Huaguang Huaneng executives plan to reduce their holdings, with the chairman and several executives intending to sell up to 171,200 shares each [16] - Hot景 Biology announced a share buyback plan of 100 million to 200 million yuan for employee stock ownership or incentives [17] - Aladdin's controlling shareholder's stake decreased from 46.27% to 44.76% due to the dissolution of a partnership [18] - JianKai Technology's controlling shareholder plans to transfer 3% of the company's shares [19] - Yuyuan Holdings intends to repurchase shares worth 200 million to 300 million yuan at a price not exceeding 8.6 yuan per share [20] Major Contracts - China Oil Engineering's subsidiary won a project in Kazakhstan worth approximately 3.003 billion yuan for the construction of ethane and propane pipelines [22] - Dash Intelligent signed a contract for an intelligent display technology park project worth 12.7652 million yuan, which will positively impact its market share in the enterprise park sector [24]

1 仍为乐山市国有资产监督管理委员会（以下简称"乐山市国资 委"）。 重要内容提示： 1.本次权益变动系乐山国有资产投资运营（集团）有限公司 （以下简称"乐山国投"）拟将其持有的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"）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乐山国投持有的峨眉山旅游股份有 限公司（以下简称"公司"或"本公司"）32.59%的股份（以下 简称"本次收购"）。 2.根据《上市公司收购管理办法》第六十三条规定，产业投 资集团符合免于发出要约的情形。 一、本次国有股权无偿划转的基本情况 公司于近日收到峨乐旅集团出具的《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），乐山国投 将持有峨乐旅集团 90%的股权划无偿转至产业投资集团。 证券代码：000888 证券简称：峨眉山A 公告编号：2025-56 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 ...

峨眉山A公告，乐山国有资产投资运营（集团）有限公司拟将其持有的四川省峨眉山乐山大佛旅游集团 有限公司90%的股权无偿划转给乐山产业投资（集团）有限公司，导致乐山产业投资（集团）有限公司 间接收购峨眉山旅游股份有限公司32.59%的股份。本次收购完成后，峨乐旅集团仍为公司控股股东， 乐山国投和乐山产业投资（集团）有限公司为公司间接控股股东，实际控制人未发生变化。 ...

Core Viewpoint - The company reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 733 million yuan, representing a year-on-year decrease of 9.06% [1] - The net profit attributable to shareholders of the listed company was 234 million yuan, down 3.98% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 232 million yuan, reflecting a year-on-year decline of 4.68% [1]