经长时间商讨后，订约各方协定回购安排，据此土地使用权回售予当地政府(即买方，为扬州市人民政 府下属政府机关)，而所得款项专用于完成A区未扫尾工程建设。截至2025年6月30日，A区已开发为十 二幢商业及办公大楼，当中七幢大楼已完工可供出售。余下五幢大楼的尚未完成工程主要包括安装外墙 及若干公用区域工程装修。 经考虑上述因素及回购协议的条款，董事会认为透过出售事项，集团能够将闲置资产的价值变现，而无 需对标的地块作出进一步资本承担，从而增强流动资金并集中资源完成A区开发。此外，鉴于集团并无 计划开发标的地块，出售事项将不会对集团业务营运造成重大影响。 地块(包含A区及标的地块)的土地使用权乃于2017年一月通过公开竞标自扬州市人民政府下属政府机关 扬州市国土资源局购入。集团优先开发A区并于2019年开始出售上建的商业及写字楼单位，而标的地块 持续闲置有待进一步开发。然而，有见近年来中国房地产市场持续低迷，加上疫情期间及其后期间A区 的销售表现欠佳，集团并无按塬先计划启动标的地块开发，该地块仍然闲置及并无带来收入，故自购入 土地使用权以来并无产生收益。为优化集团资源分配，经考虑标的地块的位置、准许用途及潜在开发前 ...

Core Viewpoint - New Heaven Real Estate Group (00760) has entered into a repurchase agreement with the Yangzhou Municipal Government to sell land use rights for RMB 81.6014 million due to the ongoing downturn in the Chinese real estate market and the underperformance of its A District project [1][2] Group 1 - The land use rights being sold are located in Yangzhou, Jiangsu Province, and were originally acquired in January 2017 through public bidding [1] - The A District has seen the completion of seven out of twelve commercial and office buildings, with the remaining five buildings requiring finishing work [2] - The sale of the land use rights is aimed at converting idle assets into cash without incurring further capital expenditures, thereby enhancing liquidity and allowing the company to focus on completing the A District development [2]

（文章来源：证券日报） 证券日报网讯新天地9月15日在互动平台回答投资者提问时表示，截至2025年8月31日公司股东户数为 19688户。 ...

赛事带来的不仅是人气，更是"流量"变"留量"的机遇。设置16—45周岁参赛范围，为全省学生运动员提 供与各界排球爱好者同场竞技的机会；精心策划"跟着赛事去旅游"精品线路，让观众在观赛之余，游览 少林寺感受禅宗文化，到龙门石窟领略石刻艺术魅力；举办地推出景区门票免费、星级酒店赛事专享优 惠等惠民政策，构建赛旅一体消费链条；排球名人、运动员走进景区、文化场馆，吸引球迷粉丝跟着偶 像来打卡；依托"老家河南新媒体矩阵"和省级主流媒体，进行全方位、多角度宣传，提升赛事和河南文 旅的知名度与影响力……当诸多创新措施点亮2025年河南省女子排球城市联赛，河南文旅新的增长点看 得见、摸得着。 "河南女排，排场开赛，我在老家河南等您。"昨天，2025年河南省女子排球城市联赛开幕式上，当赛事 公益形象大使、奥运冠军朱婷的祝福引来观众的掌声与欢呼，当一记记砰砰作响的扣杀成为大赛响亮的 同期声，河南赛事经济的新天地悄然"扣"开。 贵州"村超"出圈，江苏"苏超"爆火……近年来，全国各地群众性体育赛事人气满满，对城市和地方拓展 消费场景、延长消费链条、激活内需起到有力助推作用，体育已从竞技和健身，转变为经济的新引擎、 城市的新名片、民生 ...

Core Viewpoint - Gaode Map's launch of the "Street Scanning List" has generated significant user interest, with over 40 million users utilizing the feature on its first day, but it has also sparked controversy regarding changes to the app's homepage interface [1][4]. User Experience - Many users have expressed dissatisfaction with the new homepage layout, which prominently features restaurant and lifestyle service information, making it confusing for those who primarily use the app for navigation [1][3]. - Some users have reported inconsistencies in the app's interface, such as differing displays of hotel pricing information among users with the same app version [3]. - While some users appreciate the convenience of the "Street Scanning List," others feel that the app's core value of providing precise navigation is being compromised by the clutter of lifestyle service information [3][4]. Business Strategy - The introduction of the "Street Scanning List" is part of Gaode Map's strategy to integrate navigation services with local lifestyle services, aiming to compete in a rapidly growing market dominated by platforms like Meituan and Dianping [4]. - This model could potentially increase foot traffic and customer acquisition for offline businesses, particularly smaller establishments lacking online promotion resources, while also allowing Gaode Map to explore diversified revenue streams through partnerships with businesses [4]. Challenges - Gaode Map faces the challenge of balancing commercial development with user experience, as an overemphasis on lifestyle services could alienate core navigation users [5]. - Ensuring the accuracy and fairness of the "Street Scanning List" is another critical issue, as the potential for fraudulent activities like fake reviews could undermine user trust and damage the brand's reputation [5].

Core Insights - The report highlights the significant achievements and importance of the deep integration of culture and tourism in China, as a major decision by the central government to meet people's needs and empower economic and social development [3][10]. Group 1: Policy and Development - The establishment of the Ministry of Culture and Tourism and the subsequent policies have effectively promoted the integration of cultural and tourism sectors, enhancing their quality and efficiency [3][7]. - The report outlines the progress made since the 19th National Congress, emphasizing the need for a robust system to support this integration [3][10]. Group 2: Economic Impact - In 2023, the cultural and related industries contributed 5.95 trillion yuan to the national GDP, accounting for 4.59%, while tourism and related industries contributed 5.48 trillion yuan, accounting for 4.24% [9]. - The integration of culture and tourism is driving structural optimization and creating new growth points in the economy, positively impacting various sectors such as commerce, manufacturing, and agriculture [10]. Group 3: Cultural Influence and Global Reach - The report notes the growing global influence of Chinese culture, with initiatives like the inclusion of "Xixia Tombs" in the World Heritage List and cultural exchange programs with over 30 countries [15]. - The integration of culture and tourism is facilitating greater human exchanges and cultural cooperation, enhancing the global appeal of Chinese culture [15]. Group 4: Future Outlook - The Ministry of Culture and Tourism plans to improve mechanisms and systems, deepen cultural resource utilization, and innovate products and services to further enhance the integration of culture and tourism [15]. - The vision is to create a better connection between culture and tourism, contributing to a richer life experience for the public and promoting economic and social development [15].

Core Insights - The low-altitude economy has emerged as a focal point at the 2025 China International Service Trade Fair, showcasing its potential to enhance economic and daily life [1] - The industry is witnessing significant growth, with over 90,000 existing low-altitude economy-related enterprises and a 226% increase in new registrations compared to the same period in 2024 [1][3] Group 1: Industry Developments - Electric vertical takeoff and landing aircraft are now in mass production, offering new options for urban air mobility [1] - Logistics delivery drones are highlighted for their efficiency in food delivery and mail services in remote areas [1] - Infrastructure and service guarantees, such as low-altitude airspace monitoring radars, are crucial for ensuring safety in low-altitude airspace [1] Group 2: Market Expansion - The low-altitude economy's value chain is extensive, with applications expanding into logistics, tourism, and commuting [1] - Key regions with a high concentration of low-altitude economy-related enterprises include Guangdong, Shandong, Jiangsu, Sichuan, Beijing, and Anhui [3] Group 3: Data Insights - Tianyancha reports that over 15,000 new low-altitude economy-related enterprises have been registered from January 2025 to the present [1] - The industry is supported by comprehensive data analytics from platforms like Tianyancha, which provide insights into the development status and future trends of the low-altitude economy [4]

Core Insights - The overall accessibility of regional aviation in China is improving, with significant enhancements in connectivity to county-level cities and a notable increase in passenger throughput at regional airports [1][2][4] Group 1: Accessibility Improvements - By 2024, the accessibility time for major and regional cities to national prefecture-level cities will be 13.8 hours and 25.4 hours respectively, showing improvements of 2.0% and 2.7% compared to 2023 [1] - Accessibility for county-level cities has improved by 4.8% compared to 2023, surpassing the 1.2% increase for prefecture-level regional cities [1] - Regions such as Northwest, Xinjiang, and North China have seen significant improvements in regional city connectivity, with increases of 11.7%, 7.5%, and 7.1% respectively [1] Group 2: Market Drivers - The growth of regional aviation is supported by economic growth and the development of the tourism industry, which has led to increased demand for personalized and convenient travel options [2] - The rise of niche tourism trends has notably increased passenger throughput at regional airports, with some airports experiencing over 50% growth compared to the previous year [2] Group 3: Service Quality and Regulation - Despite improvements, there is a need for further enhancement of service quality and market regulation in regional aviation, as many regional airports still lack direct connections to hub airports [4] - The "Self-Regulation Convention for Air Passenger Transport" was introduced to address market issues and promote compliance with legal standards, aiming to improve service quality and operational practices [4][5] Group 4: Future Potential - The regional aviation sector is expected to experience significant growth, with projections indicating that passenger throughput at regional airports could reach 177 million by 2030 [6] - Innovations in technology, such as hydrogen and electric regional aircraft, are anticipated to reshape the industry landscape [6][7] - Increased financial support from the government and local authorities is expected to alleviate operational pressures on regional airlines and enhance connectivity solutions [7][8]

Core Insights - The overall accessibility of regional aviation in China is improving, with significant enhancements in connectivity to county-level cities and a notable increase in passenger throughput at regional airports [1][2][4] Group 1: Accessibility Improvements - By 2024, the accessibility time for major and regional cities to national prefecture-level cities will be 13.8 hours and 25.4 hours respectively, showing improvements of 2.0% and 2.7% compared to 2023 [1] - Accessibility for county-level cities has improved by 4.8% compared to 2023, surpassing the 1.2% increase for prefecture-level regional cities [1] - Regions such as Northwest, Xinjiang, and North China have seen significant improvements in accessibility, with increases of 11.7%, 7.5%, and 7.1% respectively [1] Group 2: Market Drivers - The growth of regional aviation is supported by economic growth and the development of the tourism industry, which has led to increased demand for travel from smaller cities [2] - There is a notable rise in passenger throughput at regional airports, with some experiencing over 50% growth compared to the previous year, particularly during peak travel seasons [2] Group 3: Service Quality and Regulation - The "Self-Regulation Convention for Air Passenger Transport" has been introduced to address market issues and improve service quality, emphasizing compliance with laws and enhancing customer service [4][5] - The convention encourages airlines to focus on service quality as a core development goal and to invest in technology and service innovations [4][5] Group 4: Future Potential - By 2030, passenger throughput at regional airports is expected to reach 177 million, with domestic aircraft expected to capture over 50% of the regional market [6] - Innovations in hydrogen and electric regional aircraft are anticipated to reshape the industry landscape [6][7] - Increased financial support from the government for regional aviation is expected to alleviate operational pressures on airlines and reduce travel costs for passengers [7][8]

Group 1 - The company announced that its second extraordinary general meeting of shareholders in 2025 approved the proposal to use part of the raised funds to permanently supplement working capital [1] - The company also approved the proposal regarding the non-operating fund occupation and other related fund transactions for the first half of 2025 [1]