证券日报网讯 宋城演艺（300144）8月4日在互动平台回答投资者提问时表示，海南自贸港的实施范围 为海南岛全岛，公司旗下的三亚千古情景区位于该政策覆盖区域内。随着2025年12月18日海南自贸港全 岛封关运作正式启动，"一线放开、二线管住、岛内自由"的政策体系将进一步优化海南的旅游消费环境 和提升海南的国际旅游吸引力，为三亚千古情景区带来新的发展机遇。 ...

Core Viewpoint - Songcheng Performance has established itself as a leader in the cultural performance industry in China, emphasizing the importance of Chinese culture and storytelling on a global stage [1] Group 1: Company Achievements - The company has been deeply engaged in cultural performances for nearly 30 years and has received the title of "Top 30 Cultural Enterprises in China" thirteen times [1] - Songcheng Performance holds five "firsts" in the global performance market: the highest number of theaters, the highest number of seats, the highest number of annual performances, the highest number of annual audience visits, and the highest annual performance profit [1] Group 2: Strategic Focus - The company is committed to promoting national confidence through the storytelling of Chinese culture [1] - Currently, the company has not engaged in any collaboration with Broadway [1]

证券日报网讯宋城演艺（300144）8月4日在互动平台回答投资者提问时表示，公司目前处于定期报告静 默期，为保证信息披露的合规性，当前公司暂不接受投资者现场调研。 ...

Core Viewpoint - Songcheng Performance (300144) focuses on live performances and tourism services, emphasizing immersive NPC interaction experiences for visitors, with no plans to enter the gaming industry [1] Company Summary - The company is dedicated to enhancing visitor experiences through immersive interactive elements within scenic areas [1] - There are currently no intentions or plans for the company to expand into the gaming sector [1]

证券日报网讯 宋城演艺（300144）8月4日在互动平台回答投资者提问时表示，国内旅游市场受气候、 节假日等因素影响具有明显的淡旺季特征，暑期通常是经营旺季。 ...

Core Viewpoint - The night tourism industry in China is expected to grow significantly, with total spending projected to reach 1.91 trillion yuan in 2024, marking a year-on-year increase of 21.7% [1][7][20]. Night Tourism Industry Definition and Types - Night tourism refers to various tourism and leisure activities conducted between dinner and bedtime, extending tourism activities from day to night. Key projects include night sightseeing, cultural experiences, dining, shopping, and emerging activities like night camping and night cycling [2][5]. Current Development Status of Night Tourism Industry - In 2024, the total number of domestic tourists in China is expected to reach 5.615 billion, with urban residents accounting for 4.37 billion and rural residents for 1.245 billion [5][7]. Night Tourism Industry Development Environment - Related Policies - New policies encouraging night economy activities, including dining, cultural entertainment, and tourism, are being implemented across various regions in China to promote high-quality development of the night economy [14][16]. Night Tourism Industry Competitive Landscape - The night tourism industry has formed a competitive landscape characterized by a "national team leading, cultural tourism groups competing, and new forces breaking through" model. Key players include Liard, Xi'an Tourism, Overseas Chinese Town, and Songcheng Performance [17][19]. Night Tourism Industry Development Strategies - Developing night tourism is seen as an effective way to achieve high-quality and connotative development in the tourism industry. It can promote structural reforms and upgrades in tourism supply, enhance the overall utilization of tourism resources, and improve the tourist experience [20].

Core Insights - The State Council held a meeting on July 31, 2025, to implement personal consumption loan interest subsidy policies and service industry loan interest subsidy policies, aimed at reducing credit costs for residents and financing costs for service industry entities, thereby stimulating consumption potential and enhancing market vitality [1] Group 1: Beneficiary Analysis - The "policy intensity - industry elasticity - valuation safety margin" three-dimensional model was constructed to identify beneficiaries, leading to three main beneficiary lines [2] - Key beneficiaries in the consumer finance infrastructure layer include: - China Merchants Bank (招商银行) with over 20% market share in consumer loans, expected to see growth in its consumer loan business due to the subsidy policy [2] - BYD (比亚迪) benefiting from reduced car purchase costs through auto loan subsidies, likely to boost sales in the electric vehicle sector [2] - Hengsheng Electronics (恒生电子) anticipated to receive numerous orders for bank subsidy system upgrades due to increased demand [2] - Tongqinglou (同庆楼), a regional restaurant leader, expected to expand operations and improve service quality due to reduced financing costs [2] - Ningbo Bank (宁波银行), which has the highest proportion of small and micro loans in the industry, will see new growth opportunities from the subsidy policy [2] Group 2: Consumption Recovery and Upgrade - Beneficiaries in the consumption recovery layer include: - Wuliangye (五粮液), a high-end liquor brand, expected to benefit from the recovery of high-end consumption in banquet scenarios [3] - Songcheng Performance (宋城演艺), a leader in the cultural tourism sector, likely to attract more visitors and enhance performance due to tourism subsidies [3] - Yili (伊利股份), a dairy industry leader, expected to benefit from the upgrade in dairy consumption and cost reductions [3] - Midea Group (美的集团), anticipated to see increased demand for home appliances due to the combination of old-for-new policies and interest subsidies [3] - Haitian Flavoring (海天味业), expected to experience growth in demand for condiments as the restaurant industry recovers [3] - Yanghe (洋河股份), benefiting from the recovery of banquet consumption in the mid-range liquor segment [3] Group 3: Long-term Value and Innovation - Beneficiaries in the consumption upgrade empowerment layer include: - Heng Rui Medicine (恒瑞医药), expected to see growth in innovative drugs and medical consumption due to increased resident spending [5] - Aier Eye Hospital (爱尔眼科), benefiting from rising demand for refractive surgery as consumer spending on eye health increases [5] - Haier Smart Home (海尔智家), anticipated to see growth in high-end smart home product sales due to interest subsidies [5] - China Duty Free Group (中国中免), expected to benefit from the recovery of inbound tourism and support for duty-free consumption [5] - Gree Electric (格力电器), likely to see increased demand for home appliances due to favorable policies and channel reforms [5] Group 4: Economic Impact - The "double interest subsidy" policy is distinct from traditional infrastructure stimulus, as it aims to precisely activate consumer demand to drive economic circulation, demonstrating stronger targeting and effectiveness [7]

专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年度A股董秘数据报告》显示，2024年A股上市公司董秘薪酬合计达40.86亿元，平均年薪7 分行业来看，社会服务行业上市公司董秘2024年薪酬平均数约为64.05万元。其中薪酬最高为行动教育杨林燕，2024年薪酬高达194.51万元，2023年薪酬更是高达228.38万元；薪酬最低为 社会服务行业董秘的年龄平均数约为45.15岁，其中40-49岁最多，人数共46人，占比约57%。其中年龄最大为首旅酒店段中鹏，年龄58岁，2024年薪酬高达175.22万元，为行业内第二；年龄 从董秘学历分布来看，博士、硕士、本科分别为1人、44人、35人，无低学历担任董秘，体现出行业对综合素养的较高要求。其中学历最高的是天纺标的吕刚，博士学历，2024年薪酬为60.91 从董秘的任职情况来看，社会服务上市公司董秘多数都身兼数职，共有55名董秘还在上市公司中担任董事、财务总监、法律顾问等职位，占比约69%。据观察是否身兼数职与年龄及薪酬并无较大 在社会服务 ...

专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年 度A股董秘数据报告》显示，2024年A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，社会服务行业上市公司董秘2024年薪酬平均数约为64.05万元。其中薪酬最高为行动教育 杨林燕，2024年薪酬高达194.51万元，2023年薪酬更是高达228.38万元；薪酬最低为西安饮食梦蕾， 2024年薪酬为24.83万元（最低薪酬统计剔除了未完整领取2024年全年薪酬的董秘）。从整体薪酬分布 来看，薪酬在50-100万元人数最多，共计39人，占比49%。 社会服务行业董秘的年龄平均数约为45.15岁，其中40-49岁最多，人数共46人，占比约57%。其中年龄 最大为首旅酒店段中鹏，年龄58岁，2024年薪酬高达175.22万元，为行业内第二；年龄最小为电科院张 悦焱，年龄31岁。 从董秘的任职情况来看，社会服务上市公司董秘多数都身兼数职，共有55名董秘还在上市公司中担任董 事、财务总监、法律顾问等职位，占比约6 ...

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Over 21% of the secretaries earned more than 1 million yuan annually, indicating a significant compensation level within the industry [1] Salary Distribution - The average salary for secretaries in the social services sector is approximately 640,500 yuan, with the highest salary being 1.9451 million yuan for Yang Linyan from Action Education [1] - The lowest salary recorded is 248,300 yuan for Meng Lei from Xi'an Catering, with the majority of secretaries (49%) earning between 500,000 to 1 million yuan [1] Age and Experience - The average age of secretaries in the social services sector is about 45.15 years, with the majority (57%) aged between 40 and 49 [3] - The oldest secretary is Duan Zhongpeng from Shoulv Hotel, aged 58, while the youngest is Zhang Yueyan from Electric Science Institute, aged 31 [3] Educational Background - The educational qualifications of secretaries show a high standard, with 1 PhD, 44 Master's degrees, and 35 Bachelor's degrees, indicating no low-education individuals in these roles [5] - The highest-paid secretary with a PhD is Lü Gang from Tianfang Biao, earning 609,100 yuan in 2024 [5] Job Responsibilities - A significant number of secretaries (69%) hold multiple positions within their companies, such as directors or financial officers, which may correlate with higher compensation [7] - The average salary for those holding multiple roles is 667,300 yuan, compared to 614,900 yuan for those solely serving as secretaries [7] Background and Compliance - Many secretaries come from financial or legal backgrounds, with some having unique career paths, such as Gong Yafang from Zhonggong Education, who has a background in administrative management [9] - Among the 80 secretaries in the social services sector, 8 have faced regulatory warnings or criticisms, with some being recorded for serious violations [9] Notable Cases - Xu Wenfeng from Chuangye Heima has the longest tenure among secretaries and earns 835,600 yuan, while Guo Lei from Zhongxin Tourism, with a background in investment banking, earns only 318,000 yuan [10][11] - Other notable transitions include former analysts from securities firms joining companies in the social services sector, indicating a trend of experienced professionals moving into these roles [11]