证券研究报告·行业深度报告·社会服务 社会服务行业深度报告 服务消费深度研究-旅游景区&商超百货：量 化投资风格与政策促进方向的共振 增持（维持） [Table_Tag] [Table_Summary] 投资要点 ◼ 风险提示：宏观经济波动，市场竞争风险，居民消费习惯变迁等。 2026 年 01 月 07 日 证券分析师 吴劲草 执业证书：S0600520090006 wujc@dwzq.com.cn 证券分析师 王琳婧 执业证书：S0600525070003 wanglj@dwzq.com.cn 行业走势 -5% -2% 1% 4% 7% 10% 13% 16% 19% 22% 25% 2025/1/7 2025/5/8 2025/9/6 2026/1/5 社会服务 沪深300 相关研究 《高教股：低估值硬资产发生了怎样 的转变？》 2025-09-14 《连锁餐饮行业框架（一）：规模与格 局，逆周期下的连锁化浪潮》 2025-05-28 东吴证券研究所 1 / 30 请务必阅读正文之后的免责声明部分 ◼ 旅游景区&商超百货公司的资产特殊性：旅游景区&商超百货公司，其 资产较重，重置成本较高，但其利润表表现 ...

证券之星消息，1月7日旅游及景区板块较上一交易日上涨1.16%，三峡旅游领涨。当日上证指数报收于 4085.77，上涨0.05%。深证成指报收于14030.56，上涨0.06%。旅游及景区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) | | | --- | --- | --- | --- | --- | --- | --- | | 002627 | 三峡旅游 | 7.82 | 9.99% | 36.11万 | | 2.72亿 | | 603402 | C陕旅 | 140.83 | 6.69% | 12.08万 | | 16.91亿 | | 661809 | 九华旅游 | 37.98 | 2.73% | 4.19万 | | 1.59亿 | | 000978 | 桂林旅游 | 7.19 | 2.28% | 17.29万 | | 1.23亿 | | 000524 | 岭南控股 | 12.25 | 2.00% | 13.64万 | | 1.66亿 | | 600706 | 曲江文旅 | 10.91 | 1.39% | 21.36万 | | 2.33亿 | | 6 ...

证券代码：002627 证券简称：三峡旅游 公告编号：2026-001 湖北三峡旅游集团股份有限公司 关于业绩补偿所涉诉讼事项的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 2. 上市公司所处的当事人地位：一审原告（反诉被告）、二审 上诉人（被上诉人）、再审被申请人、检察监督其他当事人 3. 涉案的金额：业绩承诺方按业绩补偿协议约定履行补偿义务， 应补偿三峡旅游股份 7,260,655 股，应返还现金分红 790,130.10 元； 本案全部诉讼费用、财产保全费用及财产保全的担保费用、律师费。 4. 对上市公司损益产生的影响：目前检察院已恢复对该民事诉 讼监督案件的审查，监督申请能否获得检察院支持尚不确定，对公司 本期或期后利润的影响暂不确定。 一、本次诉讼事项的基本情况 2022 年 6 月，湖北三峡旅游集团股份有限公司（以下简称"公司" 或"三峡旅游"）以宜昌道行文旅开发有限公司（以下简称"道行文旅"） 及裴道兵未履行协议约定的股份补偿和现金分红返还义务为由，向湖 北省宜昌市伍家岗区人民法院（以下简称"伍家区法院"）提起诉讼， 并收到《宜昌市伍 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000610 | 西安旅游 | 12.53 | -0.24% | 9.46万 | 1.18亿 | | 002159 | 三特索道 | 15.25 | 0.00% | 3.43万 | 5253.80万 | | 000978 | 桂林旅游 | 7.03 | 0.00% | 13.02万 | 9186.11万 | | 000430 | *ST张股 | 7.64 | 0.00% | 6.07万 | 4630.18万 | | 000524 | 岭南控股 | 12.01 | 0.00% | 9.62万 | 1.16亿 | | 000796 | 凯撒旋业 | 6.70 | 0.00% | 111.72万 | 7.50亿 | | 002627 | 三峡旅游 | 7.11 | 0.00% | 18.52万 | 1.32亿 | | 600706 | 曲江文旅 | 10.76 | 0.09% | 14.15万 | 1.52亿 | | 002707 | 众信旅游 | 7. ...

证券日报网讯1月5日，三峡旅游（002627）在互动平台回答投资者提问时表示，2026年元旦假期，公司 游船类产品接待人数同比均有较大增长。公司首批两艘省际游轮正在紧锣密鼓地建造中，预计投入运营 时间将早于原计划时间。有关股权激励事项，请以公司在法定信息披露渠道发布的正式公告为准。 ...

三峡旅游1月5日披露，截至12月31日公司股东户数为19949户，较上期（12月20日）减少1152户，环比 降幅为5.46%。 公司发布的三季报数据显示，前三季公司共实现营业收入6.09亿元，同比增长9.48%，实现净利润 8586.66万元，同比下降23.29%，基本每股收益为0.1185元，加权平均净资产收益率2.77%。 机构评级来看，近一个月该股获2家机构买入评级。预计目标价最高的是国泰海通，12月18日国泰海通 发布的研报给予公司目标价9.45元。（数据宝） （文章来源：证券时报网） 证券时报·数据宝统计，截至发稿，三峡旅游收盘价为7.11元，下跌4.18%，本期筹码集中以来股价累计 下跌9.31%。具体到各交易日，4次上涨，5次下跌。 ...

元旦出行热度高，三亚免税销售迎开门红 [Table_Industry] 社会服务业 商社行业周报（2025.12.29-2026.1.4） | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 刘越男(分析师) | 021-38677706 | liuyuenan@gtht.com | S0880516030003 | | 蔡昕妤(分析师) | 021-23183557 | caixinyu@gtht.com | S0880525110001 | 本报告导读： 推荐出行产业链、黄金珠宝、AI+等方向。 投资要点： [Table_Report] 相关报告 社会服务业《海南免税销售额高增，元旦出行热 度高》2025.12.28 社会服务业《聚焦文旅主业，多元布局助力发 展》2025.12.21 社会服务业《社零增速平稳，海南封关运作落 地》2025.12.20 社会服务业《元旦预订热潮持续攀升, 跨年仪式 感驱动消费》2025.12.14 社会服务业《元旦假期临近，出行消费升温》 2025.12.08 请务必阅读正文之后的免责条款部分 ...

Group 1 - The core viewpoint of the article highlights the target price increases for listed companies, with notable mentions of Stone Technology and LiuGong, showing target price increases of 47.62% and 38.08% respectively, indicating strong bullish sentiment in the small home appliance and engineering machinery sectors [1][2]. - On December 30, a total of 29 listed companies received broker recommendations, with GuiGuan Electric and LiuGong each receiving recommendations from two brokers, while companies like Wanwei High New received one recommendation [3]. - The highest target price increase was for Stone Technology at 224.10 yuan, followed by LiuGong at 16.50 yuan, with other companies like XianDao Intelligent and BeiJiaJie also showing significant target price increases of 25.61% and 20.12% respectively [2][5]. Group 2 - On the downgrade side, only one company, Sanxia Tourism, had its rating lowered from "Buy" to "Hold" by CITIC Securities, indicating a cautious outlook in the tourism and scenic area sector [4]. - There were 11 instances of first-time coverage on December 30, with notable ratings including "Recommended" for Wanwei High New by China Galaxy Securities and "Buy" for XinZhu Co. by LianChuang Securities, reflecting a positive outlook for these companies in their respective industries [5].

Group 1 - The core viewpoint of the article highlights the target price increases for listed companies, with notable gains for Stone Technology and LiuGong, showing increases of 47.62% and 38.08% respectively, indicating strong market confidence in these companies [1][2] - On December 30, a total of 29 listed companies received broker recommendations, with GuiGuan Electric and LiuGong each receiving two recommendations, reflecting their strong market positions in the electric power and engineering machinery sectors [3] Group 2 - On the downgrade side, only one company, Sanxia Tourism, had its rating lowered by CITIC Securities from "Buy" to "Hold," indicating a cautious outlook for this company in the tourism and scenic area [4][5] - A total of 11 companies received initial coverage from brokers on December 30, with notable mentions including Wanwei High-tech receiving a "Recommended" rating from China Galaxy Securities and LiuGong receiving a "Strong Buy" rating from Huachuang Securities, showcasing the interest in these sectors [6]

Group 1 - The core viewpoint of the article highlights significant target price increases for certain companies, specifically Stone Technology and LiuGong, with target price increases of 47.62% and 38.08% respectively, indicating strong market confidence in these firms within the small home appliance and engineering machinery sectors [1] - On December 30, a total of 9 target price adjustments were made by brokerages for listed companies, reflecting ongoing market activity and analysis [1] - Additionally, there was a downgrade in the rating of one company, China Citic Securities lowered the rating of Three Gorges Tourism from "Buy" to "Hold," indicating a more cautious outlook for this company [1]