Core Viewpoint - The announcement reveals that several major shareholders of Jinma Amusement (300756.SZ) plan to reduce their holdings due to personal financial needs, with specific limits on the number of shares to be sold within a designated timeframe [1][2]. Shareholder Reduction Plans - Chairman and controlling shareholder Deng Zhiyi plans to reduce his holdings by up to 4,712,000 shares, representing 2.99% of the total share capital [1][3]. - Major shareholder and Vice President Li Yong intends to sell up to 2,017,000 shares, accounting for 1.28% of the total share capital [1][2]. - Vice President Lin Zezhao aims to reduce his holdings by up to 508,200 shares, which is 0.32% of the total share capital [2][3]. - General Manager Gao Qingbin plans to sell up to 372,800 shares, representing 0.24% of the total share capital [2][3]. Company Background - Jinma Amusement was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 28, 2018, with an initial public offering of 10 million shares at a price of 53.86 yuan per share [3]. - The total amount raised from the public offering was 53.86 million yuan, with a net amount of 45.044 million yuan after deducting issuance costs, which were 8.816 million yuan [3][5]. - The funds raised are allocated for amusement facility construction, research and development center establishment, and the integration of animation elements into amusement facilities [3]. Recent Fundraising Activities - The company received approval from the China Securities Regulatory Commission for a specific issuance of 15,988,372 shares at a price of 17.20 yuan per share, raising approximately 275 million yuan, with a net amount of about 267 million yuan after expenses [4]. - The total fundraising amount from both public offerings and specific issuances amounts to 81.36 million yuan [5].

Group 1 - Airo Energy (688717.SH) plans to reduce its shareholding by up to 0.78% of the total share capital within three months after 15 trading days due to personal funding needs [1] - Aopu Optoelectronics (002338.SZ) intends to reduce its shareholding by up to 240,000 shares, representing 1% of the total share capital, within 90 days after 15 trading days [1] - Placo New Materials (300811.SZ) completed a reduction of 1.01% of its shares, while shareholder Mei Jianjun reduced 8,134 shares, accounting for 0.0476% of the total share capital [1] Group 2 - Boqian New Materials (605376.SH) plans to reduce its shareholding by up to 261,600 shares, which is 1% of the total share capital, through block trading within three months after 15 trading days [1] - Boying Special Welding (301468.SZ) completed a reduction of 3.99% of its shares, totaling 394,480 shares [1] - Surveying and Mapping Co., Ltd. (300826.SZ) plans to reduce its shareholding by up to 50,000 shares, accounting for 0.03% of the total share capital, within three months after 15 trading days [1] Group 3 - Deyi Cultural Creation (300640.SZ) plans to reduce its shareholding by up to 300,000 shares, which is 0.0965% of the total share capital, within three months after 15 trading days [3] - Dingsheng New Materials (603876.SH) intends to reduce its shareholding by up to 3% of the total share capital through various trading methods within three months after 15 trading days [3] - Pan-Asia Micro透 (688386.SH) terminated its reduction plan early, having reduced 2.38% of its shares, bringing its holding to 4.95% [3] Group 4 - Guangpu Co., Ltd. (300632.SZ) plans to reduce its shareholding by up to 8,474,900 shares, which is 3% of the total share capital, within three months after 15 trading days [3] - Guorui Technology (300600.SZ) has reduced its shareholding by 7,297,300 shares, accounting for 2.48% of the total share capital, bringing its holding to 19.97% [3] - Hengtong Co., Ltd. (603223.SH) plans to reduce its shareholding by up to 21,425,600 shares, which is 3% of the total share capital, within three months after 15 trading days [4] Group 5 - Hongbao Li (002165.SZ) plans to reduce its shareholding by up to 14,705,400 shares, representing 2% of the total share capital, within three months after 15 trading days [4] - Hongquan IoT (688288.SH) reduced its shareholding by 869,977 shares, accounting for 0.86% of the total share capital, bringing its holding to 12.80% [4] - Huace Film and Television (300133.SZ) reduced its shareholding by 2.6 million shares, which is 0.14% of the total share capital, bringing its holding to 18.19% [4] Group 6 - Huada Jiutian (301269.SZ) plans to reduce its shareholding by up to 8,144,100 shares, which is 1.5% of the total share capital, within three months after 15 trading days [5] - Huqi Environmental Protection (300929.SZ) plans to reduce its shareholding by up to 1,312,500 shares and 8,800 shares by its concerted actors [5] - Huazheng New Materials (603186.SZ) plans to reduce its shareholding by up to 114,600 shares and 10,300 shares by its management [5] Group 7 - Jinan Technology (300412.SZ) plans to reduce its shareholding by up to 14,932,700 shares and 1,683,000 shares by its board member [5] - Jinma Amusement (300756.SZ) plans to reduce its shareholding by up to 4,712,000 shares, 2,017,000 shares, 508,200 shares, and 372,800 shares by its shareholders [6] - Longxin Zhongke (688047.SH) completed its reduction plan, with shareholders reducing a total of 588,000 shares [6] Group 8 - Limin Co., Ltd. (002734.SZ) completed its reduction plan, with a total reduction of 1.5 million shares, accounting for 0.3434% of the total share capital [7] - Longhua New Materials (301149.SZ) completed its reduction plan, with a total reduction of 986,600 shares, accounting for 0.2294% of the total share capital [7] - Lvtong Technology (301322.SZ) plans to reduce its shareholding by up to 4,829,300 shares, which is 3.39% of the total share capital, within three months after 15 trading days [7] Group 9 - Meidixi (688202.SH) plans to reduce its shareholding by up to 2 million shares, which is 1.49% of the total share capital, within three months after 15 trading days [8] - Nanjing Julong (300644.SZ) completed its reduction plan, with shareholders reducing a total of 62,300 shares [8] - Run Du Co., Ltd. (002923.SZ) plans to reduce its shareholding by up to 10,046,800 shares, which is 3% of the total share capital, within three months after 15 trading days [8]

Group 1 - US tech stocks performed well last Friday, supporting a slight increase in the Nasdaq, which reached a new intraday high. The S&P 500 closed down 0.01%, and the Dow Jones fell 0.32% [1] - Tesla shares rose by 3.2%, while Nvidia increased by over 4.5%, marking an eight-week consecutive rise. Netflix's stock dropped by over 5% following its earnings report [2] - The Chinese concept stock index rose by 0.6%, with notable gains from companies like New Oxygen (up 17.4%), Kingsoft Cloud (up 7.2%), and Tiger Brokers (up over 6.6%). Alibaba's stock increased by 2.5% [3] Group 2 - Gold prices increased by 0.22%. Oil prices experienced a V-shaped reversal, initially rising by about 2% before erasing gains [4] - Former President Trump signed the "Stablecoin Innovation Act," marking the implementation phase of US stablecoin regulatory legislation [4] - Bulish, a company owning a cryptocurrency exchange and media, submitted registration documents to the SEC for a listing on the NYSE [5] Group 3 - Nvidia's H20 inventory is limited, and there are no plans for production resumption. CEO Jensen Huang sold Nvidia stock worth approximately $12.94 million [6] - The Kimi K2 model topped the global open-source model rankings according to LMArena [7] Group 4 - Major domestic events include the commencement of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan [8] - The central enterprise investment in Tibet has been upgraded, with a significant investment rollout [9] - Chongqing's government issued measures to boost consumption, focusing on "AI + consumption" initiatives [9] Group 5 - The Conflux Tree Graph public chain 3.0 is set to launch in August, with strategic partnerships aimed at promoting offshore RMB stablecoin issuance and cross-border settlement [10] - The A-share market outlook is generally positive, with brokerages noting a disparity between upward potential and downward risk [11] - The central government is conducting research on irrational competition in the new energy vehicle industry [12] Group 6 - Yushutech has begun listing guidance, with significant backing from major investors [17] - The discovery of a new rare earth mineral "Neodymium Yellow River Ore" expands resource potential [18] - The robotics sector is seeing growth, with major contracts awarded, including a record procurement order for humanoid robots [17]

Core Viewpoint - Several listed companies in the Shanghai and Shenzhen markets have announced significant developments, including administrative penalties, stock suspensions, changes in control, and new project contracts, which may present investment opportunities and risks for investors [2]. Regulatory Actions - ST Renzihang received an administrative penalty from the China Securities Regulatory Commission for inflating revenue by 112 million yuan and profits by 73.2852 million yuan from 2020 to mid-2022, resulting in a fine of 5 million yuan for the company and 12 million yuan for four responsible individuals [3]. - ST Zitian's stock may be terminated due to failure to correct false financial reports as mandated by the Fujian Securities Regulatory Bureau, leading to a suspension of trading starting July 21 [4]. Changes in Control - Kanghua Biological announced a transfer of 28.466 million shares (21.91% of total shares) to Shanghai Wankexin Biological, changing its controlling shareholder, with the transfer price around 1.851 billion yuan [5]. - Xiling Information's actual controllers are planning a change in control, leading to a stock suspension starting July 21, with the suspension expected to last no more than two trading days [6]. Delisting and Termination - Zhongcheng Tui's stock has been decided to be terminated by the Shenzhen Stock Exchange, with the delisting date set for July 21, following a 15-day trading period after entering the delisting preparation phase [7]. Financial Developments - Morning Feng Technology plans to increase capital by 90 million yuan to its wholly-owned subsidiary, aiming to enhance its business in the integrated power and computing sectors [9]. - China First Heavy Industries expects a net loss of 90 million to 108 million yuan for the first half of 2025, an improvement from a loss of 173 million yuan in the same period last year [14][15]. - Shaanxi Guotou A reported a 5.74% increase in net profit for the first half of 2025, totaling 726 million yuan, despite a 2.95% decline in total revenue [16]. Shareholding Changes - Hengtong Co., Ltd. plans to reduce its shareholding by up to 3%, with a maximum of 21.425 million shares to be sold [17]. - Jinma Leisure's controlling shareholder plans to reduce holdings by up to 4.83%, totaling 471,200 shares [18]. - Tianli Lithium Energy's shareholder plans to reduce holdings by 4.55%, equating to 5.4 million shares, due to the fund's operational period nearing its end [24]. Major Contracts - Qidi Design, in a consortium, won a bid for the Henan Airport Intelligent Computing Center project, with a contract amount of 859 million yuan [29]. - Donghong Co., Ltd. secured a procurement project for pressure steel pipes and fittings, with a bid price of 109 million yuan [30]. - Dash Intelligent signed a contract worth 122 million yuan for the Shenzhen Urban Rail Transit Line 13 Phase II monitoring system [31].

Core Viewpoint - The major shareholders of Guangdong Jinma Amusement Co., Ltd. plan to reduce their holdings in the company due to personal financial needs, with specific limits on the number of shares to be sold within a designated timeframe [1][2]. Shareholder Information - The shareholders involved in the reduction plan include: - Deng Zhiyi, holding 22,467,576 shares (14.26% of total shares) - Li Yong, holding 8,068,087 shares (5.12% of total shares) - Lin Zezhao, holding 2,032,828 shares (1.29% of total shares) - Gao Qingbin, holding 1,491,586 shares (0.95% of total shares) [2]. Reduction Plan Details - The planned share reductions are as follows: - Deng Zhiyi: up to 4,712,000 shares (2.99% of total shares) - Li Yong: up to 2,017,000 shares (1.28% of total shares) - Lin Zezhao: up to 508,200 shares (0.32% of total shares) - Gao Qingbin: up to 372,800 shares (0.24% of total shares) [2][3]. Implementation Timeline - The reduction will occur within three months following a 15 trading day period after the announcement, during which no shares will be sold [1][2].

证券代码：300756 证券简称：金马游乐 公告编号：2025-036 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、持有本公司股份 22,467,576 股（占本公司总股本比例 14.26%）的公司控股 股东、实际控制人、董事长邓志毅先生计划于本减持计划预披露公告之日起 15 个交 易日后的3个月内通过集中竞价、大宗交易方式减持公司股份不超过4,712,000股（占 公司总股本比例 2.99%）。 2、持有本公司股份 8,068,087 股（占本公司总股本比例 5.12%）的公司持股 5% 以上股东、董事、副总经理李勇先生计划于本减持计划预披露公告之日起 15 个交易 日后的 3 个月内通过集中竞价、大宗交易方式减持公司股份不超过 2,017,000 股（占 公司总股本比例 1.28%）。 3、持有本公司股份 2,032,828 股（占本公司总股本比例 1.29%）的公司副总经 理林泽钊先生计划于本减持计划预披露公告之日起 15 个交易日后的 3 个月内通过集 中竞价、大宗交易方式减持公司股份不超过 508,200 股（占公司总股本比例 0 ...

Core Insights - In the first half of 2025, 55 listed companies in the cultural tourism sector were analyzed, with 31 experiencing an increase in market value and 24 seeing a decline [3][18] - The highest market value increases were recorded by Wanda Hotel Development at 173.65%, Feiyang Group at 140.7%, and Jinma Amusement at 92.68% [3][4] - Conversely, the largest declines were seen in Lujing Technology at -48.03%, Lingnan Holdings at -43.34%, and Yingxin Development at -26.03% [6][7] Market Value Changes - As of June 30, 2025, the total market value of Wanda Hotel Development was 2.699 billion, while Feiyang Group and Jinma Amusement had market values of 0.126 billion and 4.521 billion respectively [4][7] - Ctrip led the market with a total value of 274.37 billion, followed by China Duty Free at 124.57 billion and Huazhu at 74.53 billion [8][9] - The overall market value of the remaining 52 companies was 390 billion, indicating a significant concentration of value among the top three companies [8] Sector Performance - The cultural tourism sector showed a mixed performance, with scenic area companies generally performing well, such as Haichang Ocean Park with a 39.1% increase and Zhangjiajie with a 28.55% increase [12][13] - Hotel companies also showed varied results, with Huazhu leading at 745.31 billion, while Atour saw a 20.41% increase [14][15] - Online travel companies experienced declines, with Ctrip and Tuniu dropping by 14.94% and 17.79% respectively, while Tongcheng saw a modest increase of 6.08% [16][17] Company-Specific Developments - Wanda Hotel Development's significant increase in market value was attributed to the sale of its subsidiary Wanda Hotel Management for 2.5 billion, which is expected to improve its financial structure [6][7] - Lujing Technology's decline was linked to negative media coverage regarding its management capabilities in scenic area operations [7][8] - The overall performance of cultural tourism companies reflects ongoing operational pressures, with some companies like Fosun Tourism Culture delisting from the Hong Kong stock market [18][19]

Core Viewpoint - The tourism industry, once expected to thrive, is now facing significant challenges, highlighted by the bankruptcy of Qinghai Tourism Investment Group and the struggles of various tourism companies despite an increase in domestic travel and spending [2][3][4][8]. Group 1: Industry Challenges - Qinghai Tourism Investment Group and its subsidiaries have filed for bankruptcy, shocking the tourism sector [3]. - The company, which aimed for significant growth and public listing, mismanaged its resources, leading to a loss of 4.8 billion in registered capital [4]. - 44 listed companies in the tourism sector reported their Q1 earnings, with 25 experiencing negative revenue growth, accounting for 56.8% of the total [4]. Group 2: Financial Performance - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported substantial losses in Q1, with losses of 747 million, 995 million, and 2.044 billion respectively [7]. - Despite a 26.4% increase in domestic travel and an 18.6% rise in spending, the tourism industry is struggling financially [8][9]. Group 3: Market Dynamics - The tourism market is saturated, with an increase in A-level scenic spots and travel agencies, yet average income has dropped by nearly 40% [31]. - Online travel platforms like Ctrip and Tongcheng are thriving, with Ctrip reporting a net profit of approximately 4.3 billion in Q1, showcasing the "shovel effect" where service providers profit while actual tourism businesses struggle [28][30]. Group 4: Shifts in Consumer Behavior - The tourism industry is transitioning to a 2.0 era, where experiential value is prioritized over mere scarcity of resources [46][50]. - Successful attractions like Jiuhua Mountain and Disney have capitalized on immersive experiences, contrasting with traditional scenic spots that fail to adapt [39][41]. Group 5: Future Outlook - Many tourism platforms are likely to face severe financial difficulties or bankruptcy if they cannot adapt to the changing market dynamics and consumer preferences [55][56]. - The current environment suggests a need for a significant restructuring within the tourism sector to eliminate ineffective players and allow successful entities to thrive [58][59].

Group 1 - The provincial government emphasizes the importance of implementing the national food security strategy and enhancing project construction in the grain logistics sector, particularly in the Wuhan National Grain Modern Logistics Base [1] - The Guangdong Jinma Central China Regional Headquarters project focuses on the research, production, and operation of large amusement facilities, with plans to officially operate in the second half of the year [2] - The project aims to leverage technologies such as artificial intelligence and virtual reality to innovate in the amusement facility manufacturing sector, contributing to the integration of cultural tourism [2] Group 2 - The local government is actively working on wetland protection and restoration initiatives at Zhangdu Lake, promoting ecological conservation while planning for tourism infrastructure [2] - The government is focusing on the construction of modern urban agriculture and the development of industries such as commercial aerospace, green shipping, and modern logistics to foster economic growth [4] - There is a strong emphasis on enhancing economic operation monitoring and addressing weak links in key industries to achieve growth targets [4]

证券代码：300756 证券简称：金马游乐 公告编号：2025-035 广东金马游乐股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 广东金马游乐股份有限公司（以下简称"公司"）于 2024 年 12 月 25 日召开 第四届董事会第九次会议、于 2025 年 1 月 10 日召开公司 2025 年第一次临时股东 大会，审议通过了《关于使用部分闲置募集资金进行现金管理的议案》，同意公司 及全资子公司、控股子公司使用不超过人民币 2,000 万元的首次公开发行股票闲置 募集资金、不超过人民币 10,000 万元的向特定对象发行股票闲置募集资金择机购 买安全性高、流动性好、满足保本要求的现金管理产品，授权期限为自 2025 年 1 月 20 日起的 12 个月内；上述投资额度在授权期限内可以循环使用，无需公司另行 出具决议；授权公司董事长行使投资决策权、签署相关法律文件并由财务负责人具 体办理相关事宜。公司监事会、保荐机构均已发表明确同意意见。 近日，公司此前使用向特定对象发行股票暂时闲置募集资金 5,4 ...