吴启元是君亭酒店的创始人和灵魂人物，1944年11月出生的他已满81岁。回顾其履历，自1986年1月就 任杭州六通宾馆任副经理起，吴启元便长期在酒店行业工作。2007年8月君亭酒店创立，吴启元即担任 君亭酒店董事长，直至2024年5月转任君亭酒店终身名誉董事长。 从草创之初至今，君亭酒店目前总市值超54亿元。截至2024年末，君亭酒店投资和管理酒店规模达到 452家酒店，91440间客房，遍布中国28个省、自治区、直辖市。定位于民族品牌、中高端精选酒店领 域，君亭酒店目前拥有"君亭酒店""夜泊君亭""Pagoda君亭""君澜大饭店""君澜度假酒店""景澜酒店"等 多个品牌。 君亭酒店（301073）的创始人吴启元计划出让公司的控制权。在吴启元的带领下，这家定位中高端精选 酒店的企业投资和管理酒店的规模达到452家酒店，遍布中国28个省、自治区、直辖市。 近年来，酒店行业面对着极具挑战与变革的环境。全球政治经济形势的波动导致酒店行业客源结构和预 订销售渠道发生明显变化，商旅客户因公司差旅政策调整而导致量价上的减少，会展、旅游等传统客源 渠道也受到冲击。与此同时，演唱会、体育赛事等活动带来的潮汐型客源增加。 11 ...

君亭酒店表示，停牌期间，公司将根据上述事项进展情况，按照有关法律法规的规定和要求履行信息披 露义务。 交易行情显示，11月25日，君亭酒店大幅收涨8.29%，收于28.1元/股，总市值54.64亿元。 北京商报讯(记者马换换李佳雪)11月25日晚间，君亭酒店（301073）披露公告称，公司控股股东吴启元 正在筹划公司控制权变更相关事宜，该事项可能导致公司控股股东及实际控制人发生变更。公司股票自 11月26日开市起停牌，预计停牌时间不超过2个交易日。 公告显示，君亭酒店收到吴启元通知，其近日正在筹划公司控制权变更相关事宜，目前各方尚未签署相 关协议，拟就具体交易方案、协议等相关事项进行论证和磋商，具体情况以各方签订的相关协议为准。 ...

格隆汇11月25日丨君亭酒店(301073.SZ)公布，公司收到控股股东吴启元先生通知，其近日正在筹划公 司控制权变更相关事宜，目前各方尚未签署相关协议，拟就具体交易方案、协议等相关事项进行论证和 磋商，具体情况以各方签订的相关协议为准。公司股票（股票简称：君亭酒店，股票代码：301073）自 2025年11月26日（星期三）开市起停牌，预计停牌时间不超过2个交易日。 ...

君亭酒店今日股价收报28.10元，涨幅8.29%。 中国经济网北京11月25日讯君亭酒店（301073）(301073.SZ)今晚发布关于筹划公司控制权变更暨停牌 的公告。公司收到控股股东吴启元通知，其近日正在筹划公司控制权变更相关事宜，目前各方尚未签署 相关协议，拟就具体交易方案、协议等相关事项进行论证和磋商，具体情况以各方签订的相关协议为 准。 君亭酒店表示，鉴于上述事项尚存在重大不确定性，为保证公平信息披露，避免造成公司股价异常波 动，维护广大投资者利益，根据《深圳证券交易所上市公司自律监管指引第6号——停复牌》相关规 定，经公司向深圳证券交易所申请，公司股票(股票简称：君亭酒店，股票代码：301073)自2025年11月 26日(星期三)开市起停牌，预计停牌时间不超过2个交易日。 ...

君亭酒店(301073.SZ)公告，公司控股股东吴启元正在筹划公司控制权变更相关事宜，该事项可能导致 公司控股股东及实际控制人发生变更。公司股票自2025年11月26日(星期三)开市起停牌，预计停牌时间 不超过2个交易日。 ...

智通财经APP讯，君亭酒店(301073.SZ)公告，公司控股股东吴启元正在筹划公司控制权变更相关事宜， 该事项可能导致公司控股股东及实际控制人发生变更。公司股票自2025年11月26日(星期三)开市起停 牌，预计停牌时间不超过2个交易日。 ...

公司收到控股股东吴启元先生通知，其近日正在筹划公司控制权变更相关事 宜，目前各方尚未签署相关协议，拟就具体交易方案、协议等相关事项进行论证 和磋商，具体情况以各方签订的相关协议为准。 证券代码：301073 证券简称：君亭酒店 公告编号：2025-035 君亭酒店集团股份有限公司 关于筹划公司控制权变更暨停牌的公告 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。 特别提示： 1、君亭酒店集团股份有限公司（以下简称"公司"）控股股东吴启元正在 筹划公司控制权变更相关事宜，该事项可能导致公司控股股东及实际控制人发生 变更。为保证公平信息披露，避免公司股价异常波动，维护广大投资者利益，经 公司向深圳证券交易所申请，公司股票（股票简称：君亭酒店，股票代码：301073） 自 2025 年 11 月 26 日（星期三）开市起停牌，预计停牌时间不超过 2 个交易日。 2、本次交易事项能否最终实施完成及实施结果尚存在不确定性。敬请广大 投资者关注后续公告，并注意投资风险。 鉴于上述事项尚存在重大不确定性，为保证公平信息披露，避免造成公司股 价异常波动，维护广大投资者利益，根 ...

Core Insights - The hotel and catering sector experienced a 0.72% increase on November 25, with Junting Hotel leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Sector Performance - Junting Hotel (301073) saw a closing price of 28.10, with an increase of 8.29% and a trading volume of 165,900 shares, amounting to a transaction value of 459 million yuan [1] - Quanjude (002186) closed at 11.82, up 0.94%, with a trading volume of 71,900 shares and a transaction value of 84.73 million yuan [1] - ST Yunwang (002306) closed at 2.01, up 0.50%, with a trading volume of 283,200 shares and a transaction value of 57.44 million yuan [1] - Jinjiang Hotel (600754) closed at 25.94, up 0.39%, with a trading volume of 88,200 shares and a transaction value of 228 million yuan [1] - Xianyin Food (000721) closed at 8.80, up 0.34%, with a trading volume of 132,500 shares and a transaction value of 116 million yuan [1] - Jining Hotel (601007) closed at 7.66, up 0.26%, with a trading volume of 65,400 shares and a transaction value of 50.13 million yuan [1] - Tongqinglou (605108) closed at 19.00, down 0.05%, with a trading volume of 13,900 shares and a transaction value of 26.54 million yuan [1] - Shoulv Hotel (600258) closed at 15.62, down 0.26%, with a trading volume of 135,000 shares and a transaction value of 211 million yuan [1] - Huatian Hotel (000428) closed at 3.43, down 0.29%, with a trading volume of 164,100 shares and a transaction value of 56.34 million yuan [1] Capital Flow - The hotel and catering sector saw a net inflow of 24.35 million yuan from institutional investors, while retail investors contributed a net inflow of 15.97 million yuan [1] - However, there was a net outflow of 40.32 million yuan from speculative funds [1] Individual Stock Capital Flow - Junting Hotel had a net inflow of 21.01 million yuan from institutional investors, while it experienced a net outflow of 39.10 million yuan from speculative funds [2] - Quanjude had a net inflow of 7.53 million yuan from institutional investors, with a net outflow of 10.93 million yuan from speculative funds [2] - Tongqinglou had a net inflow of 1.68 million yuan from institutional investors, with a net outflow of 0.72 million yuan from speculative funds [2] - Jinjiang Hotel had a net inflow of 1.44 million yuan from institutional investors, with a net outflow of 3.61 million yuan from speculative funds [2] - Shoulv Hotel had a net outflow of 5.14 million yuan from institutional investors, but a net inflow of 12.64 million yuan from speculative funds [2]

Market Overview - On November 24, the Shanghai Composite Index rose by 0.05%, while the total margin balance in the market decreased by 2.78 billion yuan to 24,586.69 billion yuan compared to the previous trading day [1] - The margin balance in the Shanghai Stock Exchange was 12,499.83 billion yuan, down by 0.62 billion yuan; in the Shenzhen Stock Exchange, it was 12,011.43 billion yuan, down by 2.08 billion yuan; and in the Beijing Stock Exchange, it was 75.43 billion yuan, down by 0.08 billion yuan [1] Industry Analysis - Among the industries classified by Shenwan, 14 industries saw an increase in margin balance, with the media industry leading with an increase of 0.847 billion yuan, followed by the defense and military industry and transportation industry with increases of 0.543 billion yuan and 0.283 billion yuan, respectively [1] Individual Stock Performance - A total of 1,745 stocks experienced an increase in margin balance, accounting for 46.56% of the total, with 199 stocks seeing an increase of over 5% [1] - The stock with the largest increase in margin balance was 吉祥航空 (Jixiang Airlines), which had a margin balance of 126.28 million yuan, reflecting a 59.63% increase, despite a 3.55% decline in its stock price on the same day [1] - Other notable stocks with significant increases in margin balance included 泰鹏智能 (Taipeng Intelligent) and 中诚咨询 (Zhongcheng Consulting), with increases of 48.25% and 44.02%, respectively [1] Top Gainers and Losers - Among the top 20 stocks with the largest increase in margin balance, the average stock price rose by 1.83%, with 光云科技 (Guangyun Technology), 晨曦航空 (Chenxi Airlines), and 君亭酒店 (Junting Hotel) leading with increases of 20.00%, 14.13%, and 13.27%, respectively [2] - Conversely, the stocks with the largest declines included 平潭发展 (Pingtan Development), 九牧王 (Jiumuwang), and 国城矿业 (Guocheng Mining), with declines of 10.03%, 10.02%, and 10.00%, respectively [2] Margin Balance Declines - A total of 2,003 stocks saw a decrease in margin balance, with 164 stocks experiencing a decline of over 5% [3] - The stock with the largest decrease in margin balance was 保丽洁 (Baolijie), which saw a decline of 42.65% to 2.6643 million yuan [5] - Other stocks with significant declines included 四川路桥 (Sichuan Road and Bridge) and 铁拓机械 (Tietuo Machinery), with decreases of 38.47% and 26.62%, respectively [5]

Investment Rating - The report maintains a "Recommended" rating for the hotel and duty-free industries, indicating a positive outlook for operational improvements in these sectors [1]. Core Viewpoints - Despite the overall pressure on consumption in the current macro environment, a structural recovery trend in certain consumer service sectors is becoming increasingly evident. Operational improvements are being observed, suggesting a gradual exit from the bottom range [4]. - The hotel industry is experiencing an optimization in supply-demand dynamics, with core operational data showing marginal improvements, indicating a mild upward trend in industry prosperity supported by sustained travel demand [4]. - The duty-free industry is expected to benefit from policy incentives, particularly with the upcoming operational phase in Hainan and the continued rollout of related policies, which are anticipated to catalyze new growth opportunities [4]. Industry Basic Data - The consumer services industry comprises 55 listed companies with a total market capitalization of 498.804 billion yuan and a circulating market capitalization of 457.081 billion yuan [1]. Market Performance - The consumer services sector experienced a decline of 4.86% this week, while the overall A-share market fell by 5.14%. The CSI 300 index decreased by 3.77% [7][23]. - Notable stocks in the consumer services sector that performed well include Dalian Shengya, Chuangye Heima, and Shangri-La (Asia) [4]. Important Announcements - Huazhu Group reported a 17.5% year-on-year increase in hotel revenue for Q3 2025, reaching 30.6 billion yuan, with net profit of 1.5 billion yuan [30]. - Ctrip Group's Q3 net operating revenue was approximately 18.3 billion yuan, reflecting a 16% year-on-year growth, with a net profit increase of 192.6% [30]. - Wanwu Xingsheng achieved a total revenue of 5.15 billion yuan in Q3 2025, marking a 27.1% year-on-year increase [30]. Upcoming Shareholder Meetings - Several companies in the consumer services sector have scheduled shareholder meetings in the coming month, including Bubu Gao on December 11, Guilin Tourism on December 5, and Guangzhou Restaurant on November 28 [31].