Core Insights - Zhongxin Tourism launched the "Zhongxin Ski" brand to expand its presence in the ice and snow tourism sector [2] - The new brand offers over 20 ski products covering various domestic and international destinations, including high-end international events and niche locations [2] Product Offerings - The offerings include three main categories: - International high-end events, such as products for the 2026 Winter Olympics in Italy and the Chongli Yunding World Cup viewing tours [2] - Thematic products, like the French electronic music ski experience that combines snow sports with trendy entertainment [2] - Niche destination products, such as skiing and sightseeing tours in Georgia, introducing emerging ski locations to tourists [2] Market Trends - The popularity of ice and snow tourism has surged this year, with search volume, inquiries, and orders for ice and snow products increasing by 300%, 180%, and 130% respectively for the 2025-2026 snow season [2] - The combination of skiing with elements like auroras and hot springs is driving the diversification of ice and snow experiences, creating a sustained consumer interest [2] Service Features - Zhongxin Ski focuses on flexible small group tours that can accommodate as few as two people, with multiple departure points and customizable itineraries based on tourists' skill levels [2] - The brand has partnered exclusively with Black Spade Ski to provide a Chinese-speaking service team for global routes, addressing language barriers and ensuring professional guidance for tourists [2]

北京商报讯（记者 关子辰 牛清妍）11月26日，众信旅游宣布推出"众信滑雪"品牌，旨在进一步布局冰 雪旅游领域。 据了解，众信滑雪覆盖滑雪产品定制、雪票预定、冰雪赛事观赛、全球中文专业教练指导等服务，此次 一次性发布了超20款覆盖国内、国外不同目的地的滑雪新品。此次涵盖了三大核心类型：国际高端赛事 类：如2026年意大利冬奥会观赛产品、崇礼云顶世界杯"跟着赛事去旅行"观赛团；特色主题类：法国电 音节滑雪产品，将冰雪运动与潮流娱乐深度融合；小众目的地类：格鲁吉亚旅游+观光产品，为游客解 锁新兴滑雪胜地。 今年以来，冰雪旅游热度持续升温。据众信旅游后台数据，2025-2026雪季，冰雪产品搜索量、咨询量 及订单量同比分别增长300%、180%和130%，滑雪与极光、温泉等元素的叠加，正推动"冰雪体验多元 化"，形成持续性消费热点。 目前，众信滑雪主打2人即可成行的灵活小团，支持多出发地，并可根据游客技术水平设计差异化行 程。同时，众信滑雪还独家携手黑桃滑雪，为全球线路配备中文服务团队，解决语言障碍，保障专业指 导，帮助游客实现"全球雪场任你滑"。 ...

Group 1 - The core viewpoint of the news is the official launch of the skiing brand "Zhongxin Skiing" by Zhongxin Tourism Group, which aims to integrate sports and tourism, leveraging over a decade of experience in the ice and snow tourism industry [1] - Zhongxin Tourism has established a comprehensive competitive advantage in the ice and snow tourism sector, evolving from early event IP cooperation to a multi-dimensional development model that includes product development, resource integration, service upgrades, and ecological construction [1] - The newly launched "Zhongxin Skiing" platform offers a one-stop service for ski bookings, including customized ski products, snow ticket reservations, ice and snow event viewing, and guidance from professional Chinese-speaking instructors [1] Group 2 - The brand has released over 20 new skiing products covering various domestic and international destinations during its launch event [1] - Data indicates a significant increase in interest in ice and snow products, with a 300% year-on-year growth in search volume, 180% increase in consultation volume, and 130% rise in product order volume for the 2025-2026 snow season [1] - Moving forward, "Zhongxin Skiing" plans to enhance innovation in three key areas: product development, resource integration, and comprehensive service, aiming to transition ice and snow tourism from "scale growth" to "quality upgrade" [2]

Core Insights - The appreciation of the Renminbi has positively impacted certain sectors, with the Renminbi appreciation benefiting stocks rising by 0.54% compared to the previous trading day [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Summary of Benefiting Stocks - China Eastern Airlines (600115) led the gainers with a closing price of 5.06, up 2.43%, with a trading volume of 1.2588 million shares and a turnover of 634 million yuan [1] - Other notable gainers include: - Pinwo Food (300892) at 34.70, up 2.18%, with a turnover of 172 million yuan [1] - Liangxing Paper (002067) at 5.51, up 1.85%, with a turnover of 4.98 million yuan [1] - Tongling Nonferrous Metals (000630) at 5.04, up 1.00%, with a turnover of 1.074 billion yuan [1] - China National Aviation (601111) at 8.08, up 0.25%, with a turnover of 716 million yuan [1] Capital Flow Analysis - The Renminbi appreciation benefiting sector saw a net inflow of 94.82 million yuan from main funds, while speculative funds had a net inflow of 248 million yuan, and retail investors experienced a net outflow of 342 million yuan [2] - Key stocks in terms of capital flow include: - China National Duty-Free (601888) with a main fund net inflow of 2.30 billion yuan and a retail net outflow of 3.19 billion yuan [3] - Tongling Nonferrous Metals (000630) with a main fund net inflow of 94.99 million yuan and a retail net outflow of 60.20 million yuan [3] - Rongsheng Petrochemical (002493) with a main fund net inflow of 13.96 million yuan and a retail net outflow of 14.28 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 Viewpoint - Zhongxin Tourism has established itself as the largest operator of polar cruise products in China, holding the top market share in the polar tourism sector [2] Group 1: Company Positioning - The company is a dual-certified member of two authoritative organizations: the International Association of Antarctica Tour Operators and the Association of Arctic Expedition Cruise Operators, indicating its credibility in the polar tourism market [2] - Zhongxin Tourism is committed to maximizing tourist benefits in its product development, which has led to numerous positive market reviews [2]

Core Viewpoint - The company has established itself as the largest operator of polar cruise products in China, holding the top market share in the polar tourism sector [1] Group 1: Company Positioning - The company is a dual-certified member of two authoritative polar tourism organizations: the International Association of Antarctica Tour Operators and the Association of Arctic Expedition Cruise Operators [1] - The company focuses on maximizing tourist benefits in its product development philosophy, which has led to numerous positive market reviews [1]

Core Viewpoint - The company has established itself as the largest operator of polar cruise products in China, holding the top market share in the polar tourism sector [1] Group 1 - The company is continuously deepening its engagement in the polar tourism market, focusing on both the Arctic and Antarctic regions [1] - The company has become a dual-certified member of two authoritative organizations: the International Association of Antarctica Tour Operators and the Association of Arctic Expedition Cruise Operators [1] - The company's polar products are developed with a focus on maximizing tourist benefits, which has led to numerous positive market reviews [1]

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]

Core Viewpoint - Zhongxin Tourism announced the election of Mr. Zhang Lei as the employee representative director of the sixth board of directors through a democratic election at the employee representative assembly [2] Company Summary - The company held an employee representative assembly where Mr. Zhang Lei was elected as the employee representative director [2]