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。 中国全聚德（集团）股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日召开董事会第十届五次（临时）会议，审议通过了《关于聘任公司副总经理的 议案》。根据《中华人民共和国公司法》及《公司章程》等相关规定，经公司总 经理提名，并经董事会提名委员会审核通过，公司董事会同意聘任马加先生担任 公司副总经理（简历附后），任期自本次董事会审议通过之日起至第十届董事会 届满之日止。 特此公告。 中国全聚德（集团）股份有限公司董事会 二〇二五年十二月八日 证券代码：002186 证券简称：全聚德 公告编号：2025-35 中国全聚德（集团）股份有限公司 关于聘任公司副总经理的公告 1 附件：副总经理简历 马加，中国国籍，男，1974 年出生，无境外居留权。大学学历，中餐烹饪 技师，中共党员。历任北京华夏之旅国际旅行社副总经理；中国全聚德（集团） 股份有限公司运营管理部项目经理、部长助理、副部长；北京首都旅游集团有限 责任公司大型活动部部长助理；中国全聚德（集团）股份有限公司总经理助理。 马加先生与公司其他董事、高级管 ...

证券代码：002186 证券简称：全聚德 公告编号：2025-34 中国全聚德（集团）股份有限公司 董事会第十届五次（临时）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 2.审议通过《关于公司总部机构调整的议案》。 为适应公司战略发展规划和管理需要，进一步优化管理流程，强化总部战略 引领、资源配置和服务支撑核心职能，公司对总部现有组织机构及相关部门职能 进行优化调整。将投资管理部、品牌营销部、产业资源部、人力资源中心、数字 运营部等部门调整为开发营建部、品牌战略部、食品运营中心、人力管理中心、 1 数字科技部，餐饮运营中心设置市场营销部和加盟连锁部两个二级部门。 中国全聚德（集团）股份有限公司（以下简称"公司"）董事会第十届五次 （临时）会议通知于 2025 年 12 月 3 日以书面形式或电子邮件形式通知全体董事， 于 2025 年 12 月 8 日上午采用通讯表决方式召开。本次会议由吴金梅董事长主持， 本次通讯表决应参加董事 8 人，实际参加董事 8 人。本次会议的召开符合有关法 律、行政法规、部门规章、规范性文件和 ...

从资金流向上来看，当日酒店餐饮板块主力资金净流出5533.96万元，游资资金净流入1721.54万元，散户 资金净流入3812.42万元。酒店餐饮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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601007 | 金陵饭店 | 1383.98万 | 13.18% | -428.60万 | -4.08% | -955.38万 | -9.10% | | 000428 华天酒店 | | 732.24万 | 10.85% | -210.66万 | -3.12% | -521.58万 | -7.73% | | 002186 | 全聚德 | -3.96万 | -0.07% | 263.29万 | 4.35% | -259.32万 | -4.29% | | 002306 *ST云网 | | -305.47万 | -8.62% | 60.48万 | 1.71% | 245.00万 | 6.91% | | 6 ...

Core Viewpoint - The hotel and catering sector experienced a rise of 1.65% on December 2, with Tongqinglou leading the gains, while the overall market indices, Shanghai Composite and Shenzhen Component, saw declines of 0.42% and 0.68% respectively [1] Group 1: Market Performance - The hotel and catering sector's notable gain was primarily driven by Tongqinglou, which closed at 21.88 with a significant increase of 10.01% [1] - Other notable performers included ST Yunwang with a rise of 2.53%, and Jinjiang Hotel with an increase of 1.62% [1] - The overall trading volume for the hotel and catering sector was substantial, with Tongqinglou achieving a transaction volume of 211,800 shares and a turnover of 454 million yuan [1] Group 2: Capital Flow - The hotel and catering sector saw a net inflow of 127 million yuan from institutional investors, while retail investors experienced a net outflow of 38.81 million yuan [1] - Tongqinglou attracted the most significant institutional net inflow of 109 million yuan, accounting for 23.93% of its total trading [2] - In contrast, Jinjiang Hotel and Kylin Hotel faced net outflows from institutional investors of 983.95 thousand yuan and 441.26 thousand yuan respectively [2]

Core Viewpoint - The article discusses the increasing trend of A-share listed companies providing physical rewards to shareholders, supplementing cash dividends to enhance shareholder satisfaction [1][2]. Summary by Sections Shareholder Reward Activities - Companies are increasingly engaging in activities to reward shareholders with physical gifts alongside cash dividends [1][2]. - Emei Mountain A offers free admission to its scenic area for shareholders holding 500 shares or more, leading to a stock price surge [2]. Specific Company Activities - **Qianwei Yangchu**: From December 2 to 16, 2025, shareholders holding 100 shares or more can receive a product gift package valued at 200 yuan, while corporate shareholders can receive three packages [5]. - **Wokanshan**: Announced on November 28 that individual and corporate shareholders with 500 shares or more can enjoy free admission to Emei Mountain and discounts at related hotels [7]. - **Huangshan Tourism**: From November 22 to 30, eligible shareholders or their representatives can access free admission to three major scenic spots [9]. - **Yingyu Te**: On November 17, launched a "Shareholder Festival" with prizes including an iPhone 17 Pro Max and a DJI Mini 4K drone [11]. - **Renyuan Cultural Tourism**: From November 13 to December 31, offers free services and accommodation discounts at various scenic spots for eligible shareholders [13]. - **Shuiyang Co.**: In July, provided a gift box valued at approximately 2,740 yuan to shareholders holding 5,000 shares or more [15]. - **Tianyu Biology**: In October, rewarded shareholders with products such as red yeast rice wine and capsules [17]. - **Beiqingsong**: In October, offered scalp massagers and other wellness products to shareholders [19]. - **Wuwanxin**: In May, distributed "Fengnian Wufang" rice dumpling gift boxes to shareholders [21]. - **Quanjude**: In May, provided a 50% discount card for self-operated products to shareholders [23]. - **Changhong Meiling**: In May, launched a discount purchase event for home appliances, with some products available at 50% off [25].

从资金流向上来看，当日酒店餐饮板块主力资金净流出2381.9万元，游资资金净流出670.24万元，散户资 金净流入3052.14万元。酒店餐饮板块个股资金流向见下表： 证券之星消息，12月1日酒店餐饮板块较上一交易日上涨1.83%，同庆楼领涨。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。酒店餐饮板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 605108 | 同庆楼 | 19.89 | 4.96% | 9.98万 | 2.01亿 | | 600754 | 锦江酒店 | 25.98 | 2.32% | 13.45万 | 3.47 Z | | 600258 | 首旅酒店 | 15.62 | 2.23% | 16.26万 | 2.52亿 | | 002306 | *ST云网 | 1.98 | 1.02% | 25.44万 | 5026.67万 | | 000721 | 西安饮食 | 9.30 | 0.87% | 43.61万 ...

Core Viewpoint - The hotel and catering sector experienced a slight increase of 0.22% on November 28, with Jinling Hotel leading the gains. The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1]. Market Performance - Jinling Hotel (601007) closed at 7.79, with a rise of 2.10% and a trading volume of 117,300 shares, amounting to a transaction value of 190.2 million yuan [1]. - Huaten Hotel (000428) closed at 3.50, up 1.74%, with a trading volume of 201,800 shares and a transaction value of 69.6 million yuan [1]. - Quanjude (002186) closed at 12.11, increasing by 1.51%, with a trading volume of 92,700 shares and a transaction value of 111 million yuan [1]. - Tongqinglou (605108) closed at 18.95, up 0.58%, with a trading volume of 16,400 shares and a transaction value of 30.9 million yuan [1]. - Jinjiang Hotel (600754) closed at 25.39, increasing by 0.47%, with a trading volume of 98,100 shares and a transaction value of 248 million yuan [1]. - ST Yunwang (002306) closed at 1.96, unchanged, with a trading volume of 220,400 shares and a transaction value of 43.1 million yuan [1]. - Shoulu Hotel (600258) closed at 15.28, down 0.46%, with a trading volume of 84,300 shares and a transaction value of 129 million yuan [1]. - Xi'an Catering (000721) closed at 9.22, down 1.91%, with a trading volume of 617,600 shares and a transaction value of 565 million yuan [1]. Capital Flow - The hotel and catering sector saw a net outflow of 6.61 million yuan from institutional investors, while retail investors contributed a net inflow of 4.53 million yuan [1]. - Quanjude (002186) had a net inflow of 19.1 million yuan from institutional investors, while it experienced a net outflow of 15.5 million yuan from speculative funds [2]. - Jinling Hotel (601007) saw a net inflow of 11.3 million yuan from institutional investors, with a net outflow of 3.88 million yuan from speculative funds [2]. - Huaten Hotel (000428) had a net inflow of 11.3 million yuan from institutional investors, with a net outflow of 7.21 million yuan from speculative funds [2]. - Shoulu Hotel (600258) experienced a slight net outflow of 29,400 yuan from institutional investors, but a net inflow of 5.79 million yuan from speculative funds [2]. - Xi'an Catering (000721) faced a significant net outflow of 29.1 million yuan from institutional investors, while speculative funds contributed a net inflow of 14.2 million yuan [2].

Core Insights - The hotel and catering sector experienced a 0.72% increase on November 25, with Junting Hotel 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] Sector Performance - Junting Hotel (301073) saw a closing price of 28.10, with an increase of 8.29% and a trading volume of 165,900 shares, amounting to a transaction value of 459 million yuan [1] - Quanjude (002186) closed at 11.82, up 0.94%, with a trading volume of 71,900 shares and a transaction value of 84.73 million yuan [1] - ST Yunwang (002306) closed at 2.01, up 0.50%, with a trading volume of 283,200 shares and a transaction value of 57.44 million yuan [1] - Jinjiang Hotel (600754) closed at 25.94, up 0.39%, with a trading volume of 88,200 shares and a transaction value of 228 million yuan [1] - Xianyin Food (000721) closed at 8.80, up 0.34%, with a trading volume of 132,500 shares and a transaction value of 116 million yuan [1] - Jining Hotel (601007) closed at 7.66, up 0.26%, with a trading volume of 65,400 shares and a transaction value of 50.13 million yuan [1] - Tongqinglou (605108) closed at 19.00, down 0.05%, with a trading volume of 13,900 shares and a transaction value of 26.54 million yuan [1] - Shoulv Hotel (600258) closed at 15.62, down 0.26%, with a trading volume of 135,000 shares and a transaction value of 211 million yuan [1] - Huatian Hotel (000428) closed at 3.43, down 0.29%, with a trading volume of 164,100 shares and a transaction value of 56.34 million yuan [1] Capital Flow - The hotel and catering sector saw a net inflow of 24.35 million yuan from institutional investors, while retail investors contributed a net inflow of 15.97 million yuan [1] - However, there was a net outflow of 40.32 million yuan from speculative funds [1] Individual Stock Capital Flow - Junting Hotel had a net inflow of 21.01 million yuan from institutional investors, while it experienced a net outflow of 39.10 million yuan from speculative funds [2] - Quanjude had a net inflow of 7.53 million yuan from institutional investors, with a net outflow of 10.93 million yuan from speculative funds [2] - Tongqinglou had a net inflow of 1.68 million yuan from institutional investors, with a net outflow of 0.72 million yuan from speculative funds [2] - Jinjiang Hotel had a net inflow of 1.44 million yuan from institutional investors, with a net outflow of 3.61 million yuan from speculative funds [2] - Shoulv Hotel had a net outflow of 5.14 million yuan from institutional investors, but a net inflow of 12.64 million yuan from speculative funds [2]

Investment Rating - The report maintains an "Outperform the Market" rating for the social services sector [4][26]. Core Insights - The social services sector is expected to benefit from continuous government policies aimed at expanding domestic demand, leading to a potential valuation recovery during the reporting period [4][26]. - The report highlights the performance of key stocks within the sector, with notable gains from Yum China (9.53%), Kede Education (9.20%), and Jinjiang Hotels (8.99%) [14][17]. - The anticipated increase in the number of college graduates in 2026, projected to reach 12.7 million, is expected to drive demand in the education sector [19]. Summary by Sections Market Review - The consumer services sector experienced a decline of 2.03% during the reporting period but outperformed the broader market by 2.78 percentage points [13][14]. - The report period was from November 10, 2025, to November 23, 2025, with the CSI 300 index declining by 4.81% [13][14]. Industry and Company Dynamics - Sanya launched its sixth round of duty-free consumption vouchers, which will run until December 31, 2025, targeting both travelers and local residents [18]. - JD Retail has established a new prepared food division, indicating a strategic upgrade in its operations [21]. - NetEase Youdao reported a 51.1% year-on-year increase in online marketing service revenue, becoming its largest revenue source for the first time [22]. Stock Holdings Analysis - Key stocks in the Hong Kong market saw changes in holdings, with Tianli International Holdings and Gu Ming receiving increases in shareholding [25]. Investment Recommendations - The report suggests a focus on stocks such as China Duty Free Group, Huazhu Group, and Trip.com Group, among others, for potential investment [4][26]. - Mid-term recommendations include companies like Meituan, Misyue Group, and Ctrip Group, indicating a diversified investment strategy [4][26]. Key Company Earnings Forecasts - The report provides earnings per share (EPS) estimates for several companies, with China Duty Free Group projected to have an EPS of 1.91 CNY in 2025 and 2.28 CNY in 2026 [5].

Group 1 - The hotel and catering sector increased by 3.37% on November 24, with Junting Hotel leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] - Junting Hotel's stock price rose by 13.27% to 25.95, with a trading volume of 176,100 shares and a transaction value of 446 million yuan [1] Group 2 - The net inflow of main funds in the hotel and catering sector was 50.16 million yuan, while retail funds experienced a net outflow of 36.03 million yuan [1] - Junting Hotel had a main fund net inflow of 29.22 million yuan, accounting for 6.56% of its total trading volume [2] - Jinjiang Hotel also saw a significant main fund net inflow of 26.32 million yuan, representing 5.09% of its trading volume [2]