格隆汇2月10日丨宋城演艺(300144.SZ)在投资者互动平台表示，公司目前没有和其他旅游公司合并的计 划。 ...

格隆汇2月10日丨宋城演艺(300144.SZ)在投资者互动平台表示，公司目前未与民航公司开展业务合作， 未来如有合适的交流或合作机会，将在符合双方定位和商业逻辑的前提下积极关注与评估。 ...

Summary of Conference Call on Scenic Area Industry Industry Overview - The report focuses on the scenic area industry, highlighting a favorable investment period driven by policy support and strong supply-demand dynamics [1][2] - The overall vacation system has been significantly optimized, with evidence of its effectiveness already observed [1] Key Points and Arguments Policy Drivers - Various provincial policies have been introduced to stimulate consumption, including a special action plan released by the Central Committee and State Council in March 2025 [2] - The exploration of spring and autumn vacations is being encouraged, with specific plans already in place in provinces like Zhejiang, Jiangsu, Sichuan, and Chongqing [2][3] - Anticipated implementation of 5-9 day continuous holidays in certain provinces by 2026, which is expected to boost demand during off-peak seasons [3] Tourism Demand and Growth - Domestic tourism spending is projected to reach 57.5 trillion yuan in 2024, a 17% increase from 2023, significantly outpacing GDP growth [6] - By Q3 2025, domestic tourism metrics such as visitor numbers and revenue have recovered to 112% and 108% of 2019 levels, respectively [6] - The implementation of new vacation policies is expected to enhance travel demand, particularly during off-peak periods [5] Consumer Behavior and Trends - A shift in consumer behavior is noted, with a more cautious approach leading to a decrease in average spending per trip in 2025 [7] - The student population, approximately 200 million, is identified as a key demographic for future tourism consumption, particularly in educational and experiential travel [7][8] Industry Performance and Challenges - The tourism industry is experiencing a bifurcation, with 50% of 51 analyzed tourism companies reporting revenue declines in the first three quarters of 2025 [10] - Capital operations are heating up, with a notable increase in equity changes and mergers, indicating a consolidation phase in the industry [10][11] Investment Opportunities - Recommendations for investment focus on three main areas: 1. **Transportation Improvements**: Companies like Emei Mountain and Jiuhua Tourism are expected to benefit from enhanced transport links [15] 2. **Resource Injection**: Companies with strong resource integration potential, such as Tianfu Culture and Shaanxi Tourism, are highlighted [16] 3. **New Project Developments**: Companies like Songcheng Performance and Three Gorges Tourism are noted for their upcoming projects [16] Additional Important Insights - The scenic area industry exhibits a seasonal revenue pattern, with peaks during certain holidays and lower activity in colder months [13] - The integration of gamification and experiential offerings in tourism products is emerging as a significant growth driver, as seen in successful case studies like Wansui Mountain [11][12] - The government is expanding its openness to international tourism, with a record number of outbound and inbound travelers in 2025 [12] This summary encapsulates the key insights and trends discussed in the conference call regarding the scenic area industry, emphasizing the interplay between policy, consumer behavior, and investment opportunities.

Investment Rating - The report rates the industry as "Buy" [1] Core Insights - The tourism sector is entering a golden investment period driven by policy support, strong supply and demand [3] - The optimization of vacation systems, improvement in cultural tourism supply, and acceleration of local asset securitization are key factors creating investment opportunities in the scenic area sector [3] Summary by Sections 1. Optimization of Vacation Systems - The introduction of spring and autumn breaks is expected to significantly boost tourism demand, with potential increases in visitor numbers by 1-3 times [8] - The Ministry of Human Resources and Social Security plans to revise the paid annual leave regulations, which is crucial for enhancing the execution of vacation policies [16] 2. Continuous Growth in Tourism Consumption - Domestic tourism spending is recovering to 2019 levels, with total expenditure reaching 5.75 trillion yuan in 2024, a year-on-year increase of 17.1% [19] - The K-12 student population, approximately 200 million, presents a substantial consumer base for spring and autumn breaks, driving family travel patterns [29] 3. Structural Upgrades in the Cultural Tourism Sector - The cultural tourism industry has completed a recovery phase and is entering a stage of mature competition and structural differentiation [3] - High-level open policies and transportation improvements are contributing to a resurgence in inbound tourism [3] 4. New Projects and Asset Securitization in Scenic Areas - Many scenic areas are launching new projects in response to policy and consumer demand, which is expected to drive growth in 2026 and beyond [4] - Areas rich in cultural tourism resources are likely to accelerate asset securitization, creating synergistic effects [4] 5. Investment Recommendations - Focus on three main lines for investment: 1. Improvements in transportation, such as Emei Mountain and Huangshan tourism [6] 2. Expectations of resource integration, such as Tianfu Cultural Tourism and Shaanxi Tourism [6] 3. New project launches, including Three Gorges Tourism and Songcheng Performing Arts [6]

消息面上，众信旅游的数据显示，2026年春节假期国内旅游市场热度持续上涨，计划出游人数较去年同期激增300%，市场呈现"量价齐升"的态势。 《智通财经早知道》：今日复盘+明日前瞻，精选更有价值的交易资讯。 注：智通财经VIP为内容资讯产品，并非投资建议。以下内容仅为资讯价值展示非对相关公司的推荐建议，非未来走势预测。投资有风险，入市 需谨慎。 | C MIXT | | 财经通讯社 准确·快速·权威·专业 | | --- | --- | --- | | | VID CHANCE Daily N | | | | 机会目报 | | | 星期四 05 | 情绪指数 27 分 涨停 56 VS 跌停 23 (含 st) | | | 上证指数 | 深圳成指 | 创业板指 | | 4075.92 | 13952.71 | 3260.28 | | -0.64% | -1.44% | -1.55% | ~ 今日行情 今日三大指数午后跌幅收窄，此前一度跌超 1%，北证 50 指数 跌超 2%。沪深两市成交额 2.18 万亿,较上一个交易日缩量 3048亿。盘面上,全市场超 3700只个股下跌。从板块来看,大 消费板块大涨,食品饮 ...

Group 1 - The tourism and hotel sector showed strong performance on February 5, with significant gains observed in various companies [2] - Three Gorges Tourism reached its daily limit increase, indicating robust investor interest [2] - Other companies such as Shaanxi Tourism, Juntin Hotel, Huangshan Tourism, Songcheng Performance, and Caesar Travel also experienced upward movement in their stock prices [2]

2月5日，宋城演艺涨5.04%，截至发稿，报9.17元/股，成交6.01亿元，换手率2.83%，总市值240.68亿 元。 资料显示，宋城演艺发展股份有限公司位于浙江省杭州市之江路148号，成立日期1994年9月21日，上市 日期2010年12月9日，公司主营业务涉及现场演艺业务和旅游服务业务。主营业务收入构成为：杭州宋 城旅游区25.36%，电子商务手续费12.56%，丽江千古情景区9.88%，广东千古情景区9.44%，三亚千古 情景区8.50%，桂林千古情景区8.41%，西安千古情景区7.09%，上海千古情景区5.80%，设计策划费 4.70%，其他业务4.17%，九寨千古情景区3.07%，张家界千古情景区1.04%。 从宋城演艺十大流通股东角度 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 南方中证500ETF（510500）成立日期2013年2月6日，最新规模1446.9亿。今年以来收益11.19%，同 ...

Group 1 - The tourism and scenic area sector increased by 0.71% on February 4, with Caesar Travel leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the tourism sector showed various performance, with Caesar Travel closing at 6.47, up 3.69%, and Xi'an Tourism at 10.53, up 3.54% [1] Group 2 - The tourism sector experienced a net outflow of 65.82 million yuan from main funds, while retail investors saw a net inflow of 132 million yuan [2] - Notable stocks with significant fund flows included Caesar Travel with a net inflow of 73.92 million yuan from main funds, but a net outflow from retail investors of 58.75 million yuan [3] - Yunnan Tourism had a net inflow of 14.19 million yuan from main funds, with a net outflow of 8.36 million yuan from retail investors [3]

证券日报网讯2月3日，宋城演艺（300144）在互动平台回答投资者提问时表示，2025年上海千古情景区 依托高品质演艺内容与深度市场运营，经营业绩表现突出，具体数据请关注公司后续发布的2025年年度 报告。 ...

证券日报网讯2月3日，宋城演艺（300144）在互动平台回答投资者提问时表示，门票收入是公司演艺主 业中最核心、占比最高的业务板块，票价体系的稳定性直接关系到景区运营质量、品牌价值及长期盈利 能力，因此公司在赠票相关安排上秉持稳健、审慎原则。 ...