Core Insights - The core message highlights the significant growth and expansion of Zhongxin Tourism's cruise offerings, with a focus on their new global cruise service ecosystem and product diversity [1][3]. Group 1: Growth Metrics - Zhongxin Tourism has over 1,000 cruise products available for sale in 2025, representing a 153% increase compared to the same period last year [1]. - The richness of cruise products has increased by over 108% year-on-year [1]. - User search volume for cruises has surged by 200%, and the number of cruise orders has grown by 130% [1]. Group 2: New Offerings - The company launched the first comprehensive global cruise service ecosystem in China, covering all seven continents, aimed at creating a "one-stop professional cruise platform" [3]. - A total of 42 new cruise products were introduced during the launch event [3]. - The MSC Lirica has emerged as the most popular cruise option for European routes, while Royal Caribbean's Spectrum of the Seas is the top choice for cruises departing from Chinese homeports [3].

人民财讯9月25日电，记者从公司方面获悉，9月25日，众信旅游（002707）宣布推出国内首个覆盖全球 七大洲的环球邮轮综合服务生态体系，打造"一站式专业邮轮平台"。数据显示，今年以来，众信旅游在 售的邮轮产品已超过千条，邮轮产品占比较去年同期提升153%，产品丰富度较去年同期增长超108%， 用户搜索量增长200%，邮轮订单量增长130%。 ...

Market Overview - The Shanghai Composite Index rose by 0.22% on September 22, with 11 sectors experiencing gains, led by the electronics and computer sectors, which increased by 3.71% and 1.70% respectively [1] - The social services and beauty care sectors had the largest declines, falling by 2.04% and 1.36% respectively, with social services being the worst performer of the day [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 18.892 billion yuan, with only four sectors seeing net inflows [1] - The electronics sector had the highest net inflow of 9.357 billion yuan, corresponding with its 3.71% increase, while the computer sector saw a net inflow of 2.081 billion yuan with a 1.70% rise [1] - A total of 27 sectors experienced net capital outflows, with the power equipment sector leading with an outflow of 4.662 billion yuan, followed by the pharmaceutical and biological sector with an outflow of 3.371 billion yuan [1] Social Services Sector Performance - The social services sector declined by 2.04%, with a net capital outflow of 1.507 billion yuan [2] - Out of 78 stocks in the social services sector, 12 stocks rose, including one that hit the daily limit, while 66 stocks fell [2] - The top three stocks with the highest net outflows in the social services sector were Tianfu Culture Tourism, Songcheng Performance, and Zhongxin Tourism, with outflows of 133 million yuan, 131 million yuan, and 96.709 million yuan respectively [2] Individual Stock Performance in Social Services - The stock performance in the social services sector showed significant declines for several companies, with Tianfu Culture Tourism down by 9.65% and a net outflow of 133.05 million yuan [2][3] - Other notable declines included Songcheng Performance down by 3.72% and Zhongxin Tourism down by 4.93%, with respective net outflows of 131.44 million yuan and 96.709 million yuan [2][3] - The data indicates a challenging environment for the social services sector, with many companies experiencing substantial capital outflows and price declines [2][3]

Group 1 - The duty-free store concept declined by 1.90%, ranking among the top declines in the concept sector, with companies like Lingnan Holdings, Zhongxin Tourism, and Youhao Group experiencing significant drops [1] - The duty-free store sector saw a net outflow of 709 million yuan from major funds today, with 26 stocks experiencing net outflows, and 5 stocks seeing outflows exceeding 50 million yuan [2] - The stock with the highest net outflow was China Duty Free, with a net outflow of 128 million yuan, followed by Bubugao, Zhongxin Tourism, and Lingnan Holdings, with net outflows of 107 million yuan, 96.7 million yuan, and 58.9 million yuan respectively [2] Group 2 - The top stocks in the duty-free store concept with significant net outflows included China Duty Free (-1.26%), Bubugao (-2.08%), Zhongxin Tourism (-4.93%), and Lingnan Holdings (-6.95%) [3] - Other notable stocks with net outflows included Wangfujing (-2.07%), Youa Shares (-1.29%), and Tibet Zhufeng (-1.40%) [3] - Conversely, stocks with net inflows included Caesar Travel (+1.19%), Hainan Airport (-0.49%), and Rizhao Port (-1.85%) [3]

Core Viewpoint - The upcoming "National Day and Mid-Autumn Festival" holiday is expected to boost the domestic and outbound tourism markets, driven by supportive policies and a focus on enhancing travel experiences and product quality [2][3][4]. Group 1: Domestic Tourism Trends - The holiday period is anticipated to see a rise in short trips and an increase in the quality of long-distance travel, with online travel platform Tongcheng Travel reporting a doubling in bookings for domestic tours and over 20% increase in spending on long-distance group tours compared to last year [2][3]. - The average ticket price for domestic flights is expected to follow a "high-low-high" pattern, with peak prices at the beginning and end of the holiday, while mid-holiday prices are relatively lower [5][6]. Group 2: Outbound Tourism Growth - Outbound tourism products have seen a 75% increase in destination offerings, with traveler numbers up 130% compared to last year, particularly in Europe and North America, which saw increases of 80% and 207% respectively [6][12]. - The trend of early bookings is evident, with some outbound travel products selling out three months in advance, indicating strong demand [3][6]. Group 3: Travel Booking Patterns - The trend of "picking holidays" has led to an earlier booking rhythm, with travel reservations made approximately 3.5 days earlier than last year [4][5]. - The average booking volume for transportation services has increased by about 4.2% compared to last year, with significant growth in high-speed rail and multi-destination travel [5][6]. Group 4: Industry Challenges - Despite growth in traveler numbers, the tourism industry faces challenges with profitability, as indicated by the disparity between the increase in passenger volume and revenue for major airlines [8][9]. - The average ticket price for economy class in the civil aviation sector has decreased by 12.1% year-on-year, reflecting a struggle to match revenue growth with increased passenger numbers [8][9]. Group 5: Emerging Travel Preferences - There is a noticeable shift towards personalized and diverse travel products, with smaller group sizes becoming more popular, reflecting changing consumer preferences [11][12]. - The integration of cultural and entertainment activities into travel experiences is gaining traction, with significant increases in searches for hotels and attractions near popular events [10][11]. Group 6: Inbound Tourism Recovery - The inbound tourism market in Beijing has shown a strong recovery, with a 46.2% increase in visitors and a 49.6% rise in tourism spending compared to last year [12][13]. - Airlines are enhancing their services to attract foreign tourists, focusing on creating a seamless travel experience from pre-departure to arrival [13].

Group 1 - The core point of the news is that Zhongxin Tourism's stock price has dropped by 5.05%, currently trading at 7.90 CNY per share, with a total market capitalization of 7.763 billion CNY [1] - Zhongxin Tourism Group Co., Ltd. was established on August 11, 1992, and listed on January 23, 2014. The company primarily engages in outbound tourism wholesale, retail, and integrated marketing services [1] - The revenue composition of Zhongxin Tourism is as follows: 76.66% from tourism wholesale, 13.76% from tourism retail, 9.01% from integrated marketing services, and 0.56% from other industry products [1] Group 2 - Among the top ten circulating shareholders of Zhongxin Tourism, a fund under the Fortune Fund ranks first. The Fortune CSI Tourism Theme ETF (159766) reduced its holdings by 1.6046 million shares in the second quarter, now holding 8.9224 million shares, which is 1.08% of the circulating shares [2] - The Fortune CSI Tourism Theme ETF (159766) was established on July 15, 2021, with a current size of 2.955 billion CNY. Year-to-date, it has a return of 7.55%, ranking 3656 out of 4222 in its category; over the past year, it has a return of 29.76%, ranking 3249 out of 3813; since inception, it has a loss of 24.21% [2] - The fund manager of the Fortune CSI Tourism Theme ETF (159766) is Cao Ludi, who has been in the position for 5 years and 127 days. The total asset size of the fund is 13.739 billion CNY, with the best return during his tenure being 109.23% and the worst being -44.98% [3]

Group 1 - The core viewpoint is that the travel demand is expected to increase significantly during the 2025 National Day and Mid-Autumn Festival holiday, with a search volume increase of over 20% year-on-year [1] - Flight bookings for both domestic and international routes show a notable recovery, with domestic flight bookings exceeding 3.26 million per day, up 26% year-on-year, and international bookings exceeding 1.16 million, up 15% [2] - High-quality hotel bookings are experiencing a surge, with a year-on-year increase of 58% for popular hotels and over 20% for high-quality hotels during the holiday period [3] Group 2 - The outbound travel market is benefiting from visa-free policies, with significant increases in travel to South Korea, the Middle East, and Africa, with outbound travel numbers up 130% year-on-year [4] - Investment recommendations include focusing on OTA sectors such as Tongcheng Travel and Trip.com Group, as well as companies in the ice and snow industry like Changbai Mountain and Dalian Shengya, and tourism retail companies like China Duty Free Group and Wangfujing [5]

Market Overview - The tourism and scenic spots sector experienced a decline of 1.43% on September 17, with Xiyu Tourism leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Notable gainers included Yunnan Tourism, which rose by 9.96% to a closing price of 6.07, with a trading volume of 1.29 million shares and a transaction value of 770 million [1] - Other stocks like Tibet Tourism and Emei Mountain A also showed slight increases, while several stocks, including Xiyu Tourism and Zhenfu Cultural Tourism, saw declines of 3.95% and 1.52%, respectively [2][1] Capital Flow - The tourism and scenic spots sector saw a net outflow of 717 million from main funds, while retail investors contributed a net inflow of 653 million [2] - The capital flow data indicates that Yunnan Tourism had a net inflow of 96.73 million from main funds, while Emei Mountain A and Tibet Tourism also experienced positive net inflows [3]

Market Overview - The Shanghai Composite Index rose by 0.37% on September 17, with 20 industries experiencing gains, led by the power equipment and automotive sectors, which increased by 2.55% and 2.05% respectively [1] - Conversely, the agriculture, forestry, animal husbandry, and fishery sectors, along with retail trade, saw declines of 1.02% and 0.98% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 38.306 billion yuan, with five industries seeing net inflows [1] - The power equipment industry led the net inflow with 1.835 billion yuan, followed by the automotive sector with 1.142 billion yuan [1] - A total of 26 industries experienced net capital outflows, with the non-bank financial sector leading at 5.229 billion yuan, followed by the computer industry with 4.455 billion yuan [1] Social Services Sector Performance - The social services sector declined by 0.86%, with a net capital outflow of 1.211 billion yuan [2] - Out of 78 stocks in this sector, 18 rose, including one that hit the daily limit, while 60 fell [2] - The top net inflow stock in this sector was Yunnan Tourism, with a net inflow of 136 million yuan, followed by Ancar Detection and Emei Mountain A with inflows of 69.9 million yuan and 39.8 million yuan respectively [2][4] - The stocks with the highest net outflows included Caesar Travel, West Region Tourism, and Zhongxin Tourism, with outflows of 196 million yuan, 110 million yuan, and 90.7 million yuan respectively [2]

Group 1 - The duty-free store concept index declined by 1.60%, ranking among the top declines in the concept sector, with companies like Bubugao, Zhongxin Tourism, and ST Huayang experiencing significant drops [1][2] - Among the duty-free store concept stocks, only four saw price increases, with Spring Airlines, Baiyun Airport, and Shanghai Port Group rising by 1.50%, 1.15%, and 1.07% respectively [1][2] - The duty-free store sector experienced a net outflow of 1.049 billion yuan in capital today, with 27 stocks seeing net outflows, and seven stocks experiencing outflows exceeding 50 million yuan [2][3] Group 2 - Bubugao led the net capital outflow with 284 million yuan, followed by Caesar Travel and Zhongxin Tourism with net outflows of 196 million yuan and 90.66 million yuan respectively [2][3] - The stocks with the highest net inflows included Spring Airlines, with 58.46 million yuan, followed by China Merchants Shekou and Dalian Commercial Group with 5.90 million yuan and 4.86 million yuan respectively [2][3] - The trading volume for Bubugao was 17.30%, with a price drop of 5.50%, indicating significant trading activity despite the decline [2][3]