Group 1 - The core viewpoint of the article is that the free admission policy at Lingyin Temple is expected to attract more potential visitors, which may benefit nearby attractions like Hangzhou Songcheng Scenic Area [1] - Hangzhou Songcheng Scenic Area and Lingyin Temple are located in the West Lake Scenic Area, approximately 11 kilometers apart, indicating a close proximity that could enhance visitor traffic [1]

证券日报网讯12月15日，宋城演艺（300144）在互动平台回答投资者提问时表示，公司账面资金充足， 本次收购支付现金对价后，公司持有的货币资金及交易性金融资产能够满足公司经营和发展的需要。 ...

Group 1 - The core point of the article is that Songcheng Performance has announced the release and re-pledging of shares held by its controlling shareholder, Songcheng Group, which has significant implications for the company's financial structure and shareholder equity [1] - As of the announcement date, Songcheng Group holds approximately 725 million shares of the company, accounting for 27.62% of the total shares, with 349 million shares pledged, representing 48.15% of its holdings and 13.3% of the total shares [1] - The total shares held by Songcheng Group and its concerted parties amount to approximately 1.071 billion shares, with 349 million shares pledged, which is 32.58% of their total holdings and 13.3% of the total shares [1] Group 2 - For the first half of 2025, Songcheng Performance's revenue composition is as follows: the live performance sector accounts for 78.58%, the tourism service sector accounts for 17.26%, and other businesses account for 4.17% [1] - The current market capitalization of Songcheng Performance is 20.9 billion yuan [2]

根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关 规定，现将公司董事会公告回购股份决议前一个交易日（即 2025 年 12 月 9 日） 登记在册的前十名股东和前十名无限售条件股东的名称及持股数量、比例情况公 告如下： | 序号 | 持有人名称 | 持有数量 | 占公司总股 | | --- | --- | --- | --- | | | | （股） | 本比例（%） | | 1 | 杭州宋城集团控股有限公司 | 724,835,254 | 27.62 | | 2 | 黄巧灵 | 232,192,225 | 8.85 | | 3 | QIAO LONG HUANG | 85,836,643 | 3.27 | | 4 | 金研宋韵企业管理（杭州）合伙企业 | 56,376,200 | 2.15 | | | （有限合伙） | | | | 5 | 中国工商银行股份有限公司－易方达创业 板交易型开放式指数证券投资基金 | 31,162,496 | 1.19 | | 6 | 刘萍 | 27,910,758 | 1.06 | | 7 | 中国建设银行股份有限公司－中欧养老产 | 25,427,418 ...

证券代码：300144 证券简称：宋城演艺 公告编号：2025-073 宋城演艺发展股份有限公司 关于控股股东部分股份解除质押并再质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 宋城演艺发展股份有限公司（以下简称"公司"）近日接到公司控股股东杭 州宋城集团控股有限公司（以下简称"宋城集团"）通知，获悉宋城集团将其所 持有公司的部分股份办理了解除质押业务，并对该部分股份再次进行了质押，具 体事项如下： 二、股东股份被质押基本情况 | 股东 | 是否为第一 | 本次质押 | 占其所 | 占公司 | 是否 | 是否为 | 质押起始 | 质押到期 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | 数量（股） | 持股份 | 总股本 | 为限 | 补充质 | 日 | 日 | 质权人 | 用途 | | | 一致行动人 | | 比例 | 比例 | 售股 | 押 | | | | | | 宋城 集团 | | | | | | | 202 ...

Investment Rating - The report rates the industry as "Overweight," indicating a positive outlook for the sector compared to the overall market performance [2]. Core Insights - The report highlights a moderate recovery in consumer spending, with tourism-related prices showing strong performance. The national CPI increased by 0.7% year-on-year in November 2025, reflecting a continued recovery in consumer spending [2][7]. - Hotel prices have shown resilience despite seasonal demand fluctuations, with the average hotel room price maintaining positive growth year-on-year. The RevPAR (Revenue Per Available Room) has only slightly declined, indicating a shift from a volume-driven recovery to a price-stabilized and optimized operational approach [2][8]. - The introduction of REITs (Real Estate Investment Trusts) in the service industry is expected to clarify the asset securitization path for various service sectors, including tourism and hospitality. This initiative aims to revitalize existing assets and improve financial structures [2][22][23]. Summary by Sections 1. Hotel Structure Differentiation and Price Resilience - The hotel industry is experiencing a seasonal decline in occupancy rates, but average room prices remain stable, with an ADR (Average Daily Rate) of 388.8 CNY per night in early December, up 4.3% year-on-year [8][10]. - The RevPAR for the week ending December 6, 2025, was 233 CNY per night, showing only a 0.4% decline year-on-year, indicating a recovery phase focused on price stability and operational efficiency [8][10]. 2. REITs Supporting Asset Securitization in the Service Industry - The newly released REITs project industry scope includes cultural tourism infrastructure and commercial facilities, allowing for a clearer path to asset securitization for hotels and tourist attractions [22][23]. - The report emphasizes that the inclusion of high-quality service industry assets in the REITs framework will enhance cash flow stability and operational efficiency, ultimately benefiting the valuation and investment landscape of the sector [22][24]. 3. Valuation of Key Industry Companies - The report provides a detailed valuation of key companies in the tourism and hospitality sectors, including metrics such as market capitalization and PE ratios, indicating a diverse range of investment opportunities [26]. - Notable companies highlighted for investment consideration include tourism sites like Sanxia Tourism and hotels like Shoulu Hotel and Huazhu [26].

2025 年第三次临时股东会决议公告 证券代码：300144 证券简称：宋城演艺 公告编号：2025-072 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 宋城演艺发展股份有限公司 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召集人：公司董事会 2、会议召开时间： （1）现场会议召开时间：2025 年 12 月 11 日（星期四）15:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025 年 12 月 11 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深 圳证券交易所互联网投票系统投票的具体时间为：2025 年 12 月 11 日上午 9:15 至下午 15:00 期间的任意时间。 3、会议召开方式：本次股东会采取现场投票与网络投票相结合的方式。 4、会议召开地点：浙江省杭州市之江路 148 号公司会议室。 5、会议主持人：公司董事长张娴女士。 6、本次会议的召开符合有关法律、行 ...

中国 ● 杭州 ● 求是路 8 号公元大厦北楼 20F 电话：0571—87206788 传真：0571—87206789 电子信箱：liuhe@mail.hz.zj.cn 网 址：www.liuhelaw.com 浙江六和律师事务所 关 于 宋城演艺发展股份有限公司 2025 年第三次临时股东会的法律意见书 1 浙江六和律师事务所 关于宋城演艺发展股份有限公司 2025 年第三次临时股东会的法律意见书 浙六和法意（2025）第 2470 号 致：宋城演艺发展股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）《中华人民共和 国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和规范性文件的要求及 《宋城演艺发展股份有限公司章程》（以下简称"公司章程"）的规定，浙江六 和律师事务所（以下简称"本所"）接受宋城演艺发展股份有限公司（以下简称 "公司"或者"宋城演艺"）的委托，指派陈独伊律师、张天涵律师参加公司 2025 年第三次临时股东会（以下简称"本次股东会"），对本次股东会的召集和召开程 序、出席会议人员资格、表决程序 ...

Group 1 - Jinggong Technology signed a sales contract with Hubei Yuchuang worth 729 million yuan, accounting for 42.16% of the company's audited revenue for 2024 [1] - Heshun Electric is expected to win a bid for a State Grid procurement project worth 107 million yuan, representing 24.97% of the company's 2024 revenue [2] - Yongmaotai plans to invest approximately 400 million yuan in a new intelligent manufacturing project for magnesium-aluminum alloy materials [3] Group 2 - Longi Green Energy announced the termination of its plan to issue global depositary receipts abroad, stating it will not significantly impact its operations [4] - Bai Ao Intelligent is expected to win bids for projects totaling 27.5 million yuan [5] - Lian Biological is planning a change of control and asset purchase, leading to a temporary suspension of its stock [6] Group 3 - Bo Rui Communication intends to acquire 51% of Meijing Technology for 66.49 million yuan [7] - Huitai Medical plans to repurchase shares worth 200 to 250 million yuan for employee stock ownership plans [8] - Yifang Biological is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [9] Group 4 - Jiuqiang Biological's shareholders signed an agreement for the transfer of 5% of the company's shares to China National Pharmaceutical Investment [11] - Songcheng Performing Arts plans to repurchase shares worth 100 to 200 million yuan for capital reduction [12] - Zhonghong Medical's subsidiary is expected to be selected for a centralized procurement project in Jiangxi Province [13] Group 5 - Xingfu Electronics plans to invest 480 million yuan in a new electronic-grade phosphoric acid project [14] - Jiaao Environmental Protection's stock will be subject to risk warnings due to an administrative penalty [15] - ST Nuotai received a drug registration certificate for a new injection [16] Group 6 - Haimo Technology plans to sell its controlling subsidiary, Xian Sitian Instrument, for 370 million yuan [17] - Jingce Electronics signed multiple sales contracts with a single customer totaling 433 million yuan [18] - Donghua Testing's controlling shareholder plans to reduce its stake by up to 1.99% [19][20] Group 7 - Xingqi Eye Medicine completed the first subject enrollment for a Phase II clinical trial of its eye drop product [21] - Kute Intelligent's controlling shareholder plans to reduce its stake by up to 2% [22] - Dongcheng Pharmaceutical's subsidiary received approval for a new specification of a heparin sodium injection [23] Group 8 - Zhaoyi Innovation is in the process of issuing H-shares and has received regulatory approval [24] - Aokang International's shareholder plans to reduce its stake by up to 3% [25] - Jiamei Packaging's controlling shareholder is planning a change of control, leading to a temporary stock suspension [26] Group 9 - ST Kevin's stock will have its risk warning lifted and will resume trading [27] - Zaiseng Technology's controlling shareholder plans to transfer 6.04% of the company's shares [28] - Lide New Energy's shareholder plans to reduce its stake by up to 1% [29] Group 10 - Srypu terminated its plan to acquire shares and will resume trading [30] - Longjiang Transportation's subsidiary plans to invest 2.679 billion yuan in a graphite mining project [31] - Haowei Group's controlling shareholder has not reduced its stake and has terminated the reduction plan [32] Group 11 - Huilun Crystal received an administrative penalty notice for information disclosure violations [33] - Haiguang Information terminated a major asset restructuring plan [34] - Zhongke Shuguang announced a cash dividend plan [35] Group 12 - Fushuo Technology's share purchase plan was approved by the Shenzhen Stock Exchange [36] - Dongbai Group's shareholder reduced its stake by 25.95 million shares [38]

Group 1 - The 2024-2025 Annual Marketing Conference and the 23rd Outstanding Brand Marketing Annual Meeting will be held in Beijing, focusing on the collision between brand economy and traffic economy, aiming to promote brand competition from "traffic competition" to "value cultivation" [1] - On December 10, a total of 1.41 million shares from 8 companies will be unlocked, with a total market value of 2.388 billion yuan, including significant unlocks from Nanshan Zhishang, Xingtong Co., and Yunding Technology [1] - The unlocked shares include over 10 million shares from three companies, with Nanshan Zhishang leading at 71.4286 million shares, followed by Xingtong Co. at 41.4916 million shares, and Yunding Technology at 10.0526 million shares [1] Group 2 - Nine companies disclosed stock repurchase progress on December 10, with five companies announcing new repurchase plans, one plan approved by shareholders, and three plans completed [2] - Among the new repurchase plans, four companies announced amounts exceeding 10 million yuan, with Huitai Medical, Songcheng Performance, and Jinggu Co. having the highest proposed repurchase amounts of 250 million yuan, 200 million yuan, and 60 million yuan respectively [2] - Huadong Medicine has the highest repurchase amount approved by shareholders, proposing to repurchase up to 6.494 million yuan [2]