股票代码：002033 股票简称：丽江股份 公告编号：2025028 二、关联人介绍和关联关系 1、丽江市旅游开发投资集团有限责任公司 丽江玉龙旅游股份有限公司 关于与丽江旅投集团 2025 年度日常关联交易预计的公告 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。 一、日常关联交易基本情况 2025 年 8 月 7 日，公司第七届董事会第四十次会议以 10 票赞成、0 票弃权、 0 票反对的表决结果审议通过了《关于与丽江旅投集团 2025 年度日常关联交易 预计的议案》，关联董事吴灿英回避表决。根据《公司章程》的规定此项日常关 联交易无需提交股东大会批准。公司预计 2025 年与丽江市旅游开发投资集团有 限责任公司（以下简称"丽江旅投集团"）发生的日常关联交易情况如下： 金额单位：万元 | 关联交易类别 | 关联人 | 关 联 交 易内容 | 关联交易 定价原则 | 合 同 签 订 金 额 或 预 | 截至披露 日已发生 | 上年发生金额 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 计金额 ...

证券代码：002033 证券简称：丽江股份 公告编号：2025026 丽江玉龙旅游股份有限公司 第七届监事会第二十九次会议决议公告 本公司及监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。 丽江玉龙旅游股份有限公司(以下简称"公司")第七届监事会第二十九次会 议于 2025 年 8 月 7 日以传真通讯方式召开，公司已于 2025 年 7 月 28 日以通讯 方式发出会议通知，会议应出席监事 5 名，实际出席监事 5 名，会议的召集、召 开符合《公司法》和《公司章程》的规定，本次会议以通讯表决方式通过了以下 议案： 1、审议通过《关于<公司 2025 年半年度报告（全文及摘要）>的议案》 经审核，监事会认为董事会编制和审核公司《2025 年半年度报告（全文及 摘要）》的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、 完整地反映了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大 遗漏。 表决结果：5 票同意、0 票反对、0 票弃权 2、审议通过《关于与丽江旅投集团 2025 年度日常关联交易预计的议案》 监事会认为，本次公司预计2025年度与丽江 ...

证券代码：002033 证券简称：丽江股份 公告编号：2025025 丽江玉龙旅游股份有限公司 第七届董事会第四十次会议决议公告 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。 丽江玉龙旅游股份有限公司(以下简称"公司")第七届董事会第四十次会议 于 2025 年 8 月 7 日以传真通讯方式召开，公司已于 2025 年 7 月 28 日以通讯方 式发出会议通知，会议应出席董事 11 名，实际出席董事 11 名，会议的召集、召 开符合《公司法》和《公司章程》的规定，本次会议以通讯表决方式通过了以下 议案： 1、审议通过《关于<公司 2025 年半年度报告（全文及摘要）>的议案》 表决结果：11 票同意、0 票反对、0 票弃权 2、审议通过《丽江玉龙旅游股份有限公司投资理财管理制度》 《丽江玉龙旅游股份有限公司投资理财管理制度》于 2025 年 8 月 8 日登载 于《证券时报》、《中国证券报》及巨潮资讯网（http://www.cninfo.com.cn）。 表决结果：11 票同意、0 票反对、0 票弃权 3、审议通过《关于与丽江旅投集团 2025 年度日常关 ...

丽江玉龙旅游股份有限公司 2025 年半年度报告全文 丽江玉龙旅游股份有限公司 1 丽江玉龙旅游股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人和献中、主管会计工作负责人杨慧及会计机构负责人(会计主 管人员)钱应兴声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 2025 年半年度报告 【2025 年 8 月 8 日】 | 目录 | | --- | | 第一节 重要提示、目录和释义 | | 2 | | --- | --- | --- | | 第二节 公司简介和主要财务指标 | | 6 | | 第三节 管理层讨论与分析 | | 9 | | 第四节 公司治理、环境和社会 | | 20 | | 第五节 重要事项 | | 22 | | 第六节 股份变动及股东情况 | | 27 | | 第七节 债券相关情况 | | 32 | | 第八节 财务报告 | | 33 | | 第九节 其他 ...

Investment Scale in Cultural and Tourism Integration Industry - In 2024, there were 424 investment events in the cultural and tourism integration industry, an increase of 12 events compared to 2023 [1] - The total investment amount in 2024 was approximately 75.37 billion yuan, a decrease of about 14 billion yuan from 2023 [6] - The cultural industry accounted for 69% of the financing events, while the tourism industry accounted for 31% [2][8] Investment Channels in Cultural and Tourism Integration Industry - In the cultural industry, the financing channel structure in 2024 was as follows: short-term bonds accounted for 27%, mergers and acquisitions accounted for 26%, and private placements accounted for 20% [9] - In the tourism industry, the financing channel structure in 2024 was as follows: short-term bonds accounted for 68%, and non-public directed debt financing bonds accounted for 29% [11] Investment Tracks in Cultural and Tourism Integration Industry - In the cultural industry, the top five investment tracks in 2024 were film, smart equipment, gaming, comprehensive cultural entertainment, and new media, which accounted for over 60% of the total financing events [15] - In the tourism industry, the leading investment tracks were scenic area operations and transportation and accommodation, which together accounted for over 70% of the total financing events [18] Regional Investment in Cultural and Tourism Integration Industry - The top three provinces by the number of investment events in 2024 were Beijing, Jiangsu, and Shanghai, while the top three provinces by investment amount were Beijing, Jiangsu, and Shaanxi [19][20] Mergers and Acquisitions in Cultural and Tourism Integration Industry - The mergers and acquisitions activity in the cultural and tourism integration industry is generally active, primarily focusing on horizontal mergers [22] - Notable merger events include: - Lingnan Holdings' acquisition of 100% equity in Guangzhou Baiyun Mountain Travel Development Co., enhancing its control over tourism resources [24] - Lijiang Co.'s investment in the Lijiang Yulong Snow Mountain visitor center project to ensure operational viability [24] - Yunnan Tourism's divestment from its subsidiary to focus on core business and accelerate transformation towards cultural tourism technology [24]

Investment Rating - The report maintains an "Outperform" rating for the social services industry, expecting it to perform better than the benchmark index in the next 6-12 months [2][50]. Core Insights - The social services sector saw a 1.99% increase in the last two trading weeks, ranking 11th among 31 industries in the Shenwan classification, outperforming the CSI 300 index by 2.08 percentage points [2][13]. - The upcoming policy measures aimed at boosting consumption and stabilizing employment are anticipated to enhance market confidence and drive growth in the sector [5][43]. - The confirmed closure date for Hainan's free trade port is December 18, 2025, which is expected to facilitate international connections and attract quality resources [3][30]. Summary by Sections Market Review & Industry Dynamics - The social services sector's performance was highlighted, with sub-sectors such as tourism and retail showing significant gains, particularly tourism and scenic spots, which rose by 5.74% [17][21]. - The overall PE (TTM) for the social services industry is 33.92 times, indicating a historical percentile of 28.19%, compared to the CSI 300's PE of 12.38 times at a historical percentile of 49.90% [21][24]. Investment Recommendations - The report suggests focusing on companies with strong growth prospects in the travel chain and related industries, including Tongcheng Travel, Huangshan Tourism, and Lijiang Shares [5][43]. - It also highlights the recovery of business travel and the potential benefits for hotel brands like Junting Hotel and Jinjiang Hotel, as well as opportunities in the cross-border travel market for companies like China Duty Free and Wangfujing [5][43]. Industry News - The report notes significant increases in travel-related searches on platforms like Meituan, with hotel searches up 48% and flight searches up 99% since July [31]. - The Ministry of Culture and Tourism reported that domestic travel reached 3.15 trillion yuan in expenditure during the first half of 2025, a 15.2% increase year-on-year [32].

Group 1 - The company, Lijiang Co., Ltd. (002033), stated on August 1 that it will strictly adhere to relevant rules and requirements for information disclosure if it has any plans for stock repurchase or increase in shareholding [1]

Market Overview - The tourism and scenic area sector experienced a decline of 0.24% on August 1, with Xiyu Tourism leading the drop [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Stock Performance - Tianfu Culture Tourism (000558) saw a significant increase of 10.00%, closing at 7.37 with a trading volume of 3.27 million shares and a transaction value of 2.30 billion [1] - Other notable performers included ST Zhangjiajie (000430) with a 1.27% increase and Qujiang Culture Tourism (600706) with a 1.25% increase [1] - Conversely, Xiyu Tourism (300859) led the decline with a drop of 3.96%, closing at 37.15 with a trading volume of 71,000 shares and a transaction value of 266 million [2] Capital Flow - The tourism and scenic area sector experienced a net outflow of 542 million from main funds, while retail investors saw a net inflow of 411 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Tianfu Culture Tourism (000558) had a net inflow of 124 million from main funds, while it faced outflows from both speculative and retail investors [3] - Other stocks like Lijiang Co. (002033) and Jiuhua Tourism (661809) also showed varied capital flows, with Jiuhua Tourism attracting significant speculative inflows [3] - Stocks such as Huangshan Tourism (600054) and Yunnan Tourism (002059) faced notable net outflows from main funds, indicating a cautious approach from institutional investors [3]

Group 1: Market Overview - The report highlights that the market is expected to reach a new level, with a focus on the performance of various sectors and companies [2] - The A-share market has shown resilience, with indices rebounding after a pullback, indicating a return of positive sentiment [3] - The report notes that global equity markets have mostly risen, with Asian markets leading the gains [3] Group 2: Industry Insights - The food and beverage sector is experiencing a cyclical bottom, with the dairy industry moving towards supply-demand balance and beef prices recovering [4] - In the retail sector, companies are actively positioning themselves for growth, with a focus on new consumption trends and improving performance in the restaurant and tourism industries [6] - The C-REITs market is witnessing strong interest, particularly in data center REITs, with a positive outlook for the low-interest environment and macroeconomic recovery [8] Group 3: Company Performance - Zhongwei Company (688012.SH) is projected to achieve a revenue of 4.96 billion yuan in H1 2025, reflecting a year-on-year growth of 43.9%, driven by significant increases in etching equipment sales [10] - The company has increased its R&D investment to approximately 1.49 billion yuan in H1 2025, representing a growth of about 53.7%, which is significantly higher than the average R&D investment level of companies listed on the Sci-Tech Innovation Board [11] - Zhongwei Company aims to cover over 60% of semiconductor front-end equipment categories through both acquisitions and internal R&D, positioning itself as a leading supplier in the etching, film deposition, and measurement sectors [12][13]

Investment Rating - The report maintains an "Outperform" rating for the social services industry, expecting it to perform better than the benchmark index in the next 6-12 months [2][48]. Core Insights - The social services sector saw a 3.18% increase in the last two trading weeks, ranking 9th among 31 sectors in the Shenwan classification, outperforming the CSI 300 index by 1.26 percentage points [2][13]. - The competitive "involution" in the food delivery market has negatively impacted retail sales in June, but the summer travel market is expected to remain robust, indicating potential for growth in related industries [2][5]. - The report highlights the significant impact of visa-free policies on inbound tourism, with a notable increase in inbound travel expected during the summer season [5][41]. Market Review & Industry Dynamics - The social services sector's performance was strong, with sub-sectors like professional services (+7.53%) and tourism retail (+2.85%) leading the gains, while hotel and catering services saw a slight decline of -0.17% [17][20]. - The report notes that from July 1 to August 31, the national railway is expected to send 953 million passengers, a year-on-year increase of 5.8% [5][30]. - The inbound tourism market has shown a strong recovery, with 33.3 million inbound travelers in the first half of 2025, a 15.8% increase year-on-year [5][30]. Investment Recommendations - The report suggests focusing on companies with strong growth potential in the travel and related industries, including Huangshan Tourism, Lijiang Co., Songcheng Performance, and others [5][41]. - It also recommends monitoring hotel brands like Junting Hotel and Jinjiang Hotel, which are expected to benefit from the recovery in business travel [5][41]. - Companies involved in the recovery of the duty-free market, such as China Duty Free Group and Wangfujing, are also highlighted as potential investment opportunities [5][41].