Core Insights - The 2026 Spring Festival holiday will last for 9 days, leading to a significant increase in outbound travel compared to 2025, with hotel bookings for popular destinations more than doubling [3][5]. - Popular outbound destinations include Thailand, South Korea, and Malaysia, with a notable rise in long-distance travel to places like Norway and New Zealand, where hotel bookings increased by 1.5 times and 2 times respectively [3][5]. - The trend of segmented travel is emerging, with many travelers opting to return home before heading abroad, resulting in two peaks of outbound travel during the holiday [3]. Travel Trends - Popular low-cost destinations for outbound travel include Vietnam, South Korea, Indonesia, Thailand, and Malaysia, with one-way tickets priced below 1500 yuan [4]. - Long-distance destinations such as Egypt, Spain, Australia, Turkey, and Portugal have seen hotel bookings increase by over 2 times, with Egypt leading at a 3.3 times increase [5]. - The age group of 23 to 40 years old constitutes over 55% of outbound travelers, with the 31 to 40 age group showing a 90% increase in travel intent [6]. Market Impact - The surge in travel demand has positively impacted tourism stocks, with companies like China Youth Travel (5.02% increase), Zhongxin Tourism (1.85% increase), and China Duty Free (8.25% increase) seeing significant stock price rises [8]. - The cruise industry is adapting to changes in travel patterns, with many routes originally planned for Japan being redirected to South Korea, reflecting a shift in consumer preferences [8].

Core Viewpoint - The Central Economic Work Conference emphasizes the importance of domestic demand, innovation-driven growth, and international cooperation, aligning with the development needs of the tourism industry [1][2]. Group 1: Company Strategy - Company Chairman Feng Bin states that the conference's directives on expanding cultural and tourism consumption, enhancing inbound tourism quality, and upgrading the industry are in line with the industry's development needs [1]. - The company plans to focus on three core areas to implement the conference's directives, including innovation in domestic and outbound tourism products and service upgrades [1][2]. Group 2: Product and Service Innovation - The company will continue to enhance domestic tourism product innovation and service upgrades, launching distinctive products like "My World Puzzle" and "Zhongxin Manufacturing" to improve the quality of tourist experiences [1]. - The company is committed to advancing technology and standardization in the tourism sector, utilizing AI and VR technologies to foster high-quality development [1]. Group 3: Inbound Tourism Focus - The company aims to reshape the "China Service" brand by focusing on "convenience" and "internationalization" in the inbound tourism market, introducing international halal-friendly hotel certification standards by 2025 [2]. - The company will actively contribute to expanding cultural and tourism consumption, promoting international exchanges, and nurturing new industrial momentum in alignment with the Central Economic Work Conference's spirit [2].

Core Viewpoint - The current tourism retail sector is characterized by a "relatively dispersed and low concentration" market structure, which presents challenges for growth and development [1] Group 1: Company Developments - ZHONGXIN Tourism Group's Vice President, Cao Jian, highlighted the need for a unique development model for its core retail brand, ZHONGXIN Youyou [1] - Since securing 50 million yuan in Pre-A round financing in 2024, ZHONGXIN Youyou has established over 2,500 tourism stores across 22 provinces and municipalities [1]

（编辑 丛可心） 证券日报网讯 12月10日晚间，众信旅游发布公告称，非独立董事付必鹏因个人原因申请辞去公司第六 届董事会非独立董事职务，辞职后不再担任公司任何职务；董事会提名周晓晨为非独立董事候选人，任 期自股东会审议通过之日起至第六届董事会届满。 ...

Group 1 - The core viewpoint is that AI technology significantly enhances the efficiency and accuracy of backend management in the travel industry, transforming traditional travel agencies into technology-driven companies [1] - The company has expanded its store network rapidly over the past two years, managing over 3,000 branches and stores across the country [1] - AI applications in backend management have been developed in-house, showcasing the company's commitment to technological innovation [1] Group 2 - AI technology is also being applied to create new consumer experiences, such as a VR immersive travel experience themed around Antarctica, which has shown better results in the B2B sector compared to B2C [2] - The company leverages its traditional travel agency background to develop technology without significant barriers, focusing on customer preferences to create popular offerings [2] - The rapid development of technology necessitates continuous investment, and consumer recognition may not keep pace with advancements [2] Group 3 - The company welcomes recent government policies aimed at fostering new consumer scenarios, viewing them as opportunities for growth [3] - The Antarctic project was recognized as a model case for new consumer scenarios by the Beijing government, resulting in policy rewards that boost confidence in the sector [3] - The company is exploring ways to engage younger consumers, potentially integrating online gaming with offline travel experiences to enhance appeal [3]

Key Points - Yonghui Supermarket's stock may face significant decline risks after a short-term surge [1] - Fuzhijing Technology's actual controller reduced holdings by 1.0429 million shares during abnormal stock fluctuations [1] Investment Projects - Ninghu Expressway plans to invest 9 billion yuan in the construction of the Nanyang Yangtze River Bridge southern connection project [1] - China Shipbuilding Special Gas plans to invest approximately 870 million yuan to build an annual production facility for 3,383 tons of high-purity hydrogen sulfide and other electronic gases [1] Contract Wins - Jicheng Electronics won contracts totaling approximately 215 million yuan for multiple State Grid projects [1] - Beixin Road and Bridge secured a 180 million yuan engineering project [1] - Beijing Kerui won a 498 million yuan State Grid project [1] Equity Acquisitions - Blues Technology intends to acquire 100% of Peimei Gao International to expand into the AI computing infrastructure sector [1] - Daon Co. plans to acquire 80% of Ningbo Aisikai [1] - Alibaba Travel Investment intends to subscribe for 20% equity in Zhongxin Youyou through a 55% stake in Hangzhou Aixin [1] Share Buybacks - Xingyu Co. plans to repurchase shares with an investment of 200 million to 300 million yuan [1]

Key Points - Yonghui Supermarket (601933.SH) may face significant downside risk after a large short-term price increase [2] - Fuzhijun Technology (002222.SZ) saw its actual controller reduce holdings by 1.0429 million shares during the period of abnormal stock fluctuations [2] - Ninghu Expressway (600377.SH) plans to invest 9 billion yuan in the construction of the Nanyang Yangtze River Bridge southern approach project [2] - Jicheng Electronics (002339.SZ) won contracts totaling approximately 215 million yuan for multiple State Grid projects [2] - Lens Technology (300433.SZ) intends to acquire 100% of Peimei Gao International to expand into the AI computing infrastructure sector [2] - Xingyu Co., Ltd. (601799.SH) plans to repurchase shares with an investment of 200 million to 300 million yuan [2] - Zhuangyuan Pasture (002910.SZ) board member Ma Hongfu plans to reduce holdings by no more than 3% [2] - Ruili Kemi (001285.SZ) has received project designation from clients [3] - Guangliwei (301095.SZ) plans to establish a wholly-owned subsidiary in Singapore focused on application research and global sales [3]

"在旅游过程中，AI科技的应用，除了后台管理，另外就是前场的新消费场景。去年我们开发了一个南 极主题的VR沉浸体验旅游的新场景，也是旅游企业的首次尝试，整整一年时间，可以跟大家分享得比 较多。可以说这方面虽然To C端不是很理想，这和我们项目定位也有关。但是在To B端取得很好的效 果，我们把它变成一个针对企业、学校等研学和团建活动的，具有营地属性的场景。同时还衍生出更多 新的主题产品。"宁国新说，作为一个传统旅行社，做技术开发的时候有一个优势，就是没有更多的技 术方面的思想壁垒，更多地想客户喜欢什么，做出来的剧本各方面更受欢迎。"更重要的是这种科技赋 能模式也是很好的营销模式，可以助力文化出海。" "现在技术发展太快，要更新就要不断投入，消费者认知有些时候没你想象得那么快，所以太快不一定 是好事。"宁国新说。 谈及对国务院办公厅近期发布的《关于加快场景培育和开放推动新场景大规模应用的实施意见》，宁国 新表示举双手欢迎，政策就是俗话所说的风口，一定要站在风口上。"实际上我们也是政策的获益者， 去年我们南极项目被北京市评为了新消费场景示范案例，并且得到了相应的政策奖励。这是一种激励， 是给予社会的信心，会让其在 ...

格隆汇12月10日丨众信旅游(002707.SZ)公布，公司的控股子公司北京众信优游国际旅行社有限公司 （简称"众信优游"）拟进行增资，浙江阿里旅行投资有限公司（简称"阿里旅投"）拟以持有的杭州阿信 网络科技有限公司（简称"杭州阿信"）55%股权（交易作价15,150.00万元）认缴众信优游20%的股权， 杭州阿信是公司与阿里旅投共同成立的合资公司，阿里旅投持有杭州阿信55%股权，公司持有杭州阿信 45%股权。公司及其他众信优游原有股东同意本次增资，并放弃对众信优游增资的优先认缴出资权，同 时公司放弃上述增资事项涉及的杭州阿信股权转让的优先购买权。本次增资完成后，公司持有众信优游 的股权比例将由27.60%下降至22.08%，众信优游仍是公司的控股子公司；同时，众信优游将持有杭州 阿信55%的股权，杭州阿信将成为公司控股子公司，纳入公司合并报表范围。 ...

截至发稿，众信旅游市值为69亿元。 每经头条（nbdtoutiao）——白金信用卡权益大缩水：贵宾厅限次、酒店减量⋯⋯银行吐槽没赚头，"羊 毛党"薅了个寂寞 （记者 曾健辉） 每经AI快讯，众信旅游（SZ 002707，收盘价：6.98元）12月10日晚间发布公告称，公司第六届第五次 董事会会议于2025年12月10日以通讯表决方式召开。会议审议了《关于提请召开2025年第三次临时股东 会的议案》等文件。 2025年1至6月份，众信旅游的营业收入构成为：旅游服务占比99.44%，其他行业占比0.56%。 ...