Core Viewpoint - The article highlights the challenges faced during the Spring Festival travel rush in China, particularly the issue of ticket scarcity exacerbated by third-party ticketing platforms that exploit consumer anxiety for profit [1][3]. Group 1: Ticket Demand and Supply - The predicted cross-regional movement during the Spring Festival is expected to reach 9.5 billion trips, with railway passenger volume hitting 540 million [1]. - The surge in demand leads to a situation where tickets are quickly sold out, creating a perception of scarcity despite the advanced transportation infrastructure [1]. Group 2: Third-Party Ticketing Platforms - Third-party platforms are accused of using aggressive marketing tactics to sell services that do not effectively improve ticket acquisition chances, instead worsening the situation by increasing traffic to official platforms [1][2]. - These platforms often mislead consumers with false promises of priority access and ticket monitoring, while the actual ticket availability is tightly controlled by official channels [3]. Group 3: Regulatory Response - The Beijing Municipal Market Supervision Administration has held discussions with 12 major platforms involved in online train ticket sales, addressing significant consumer complaints regarding misleading practices [4]. - Four compliance requirements were outlined for these platforms, including the prohibition of misleading advertising and the need for transparent pricing of additional services [5][6]. Group 4: Industry Challenges and Recommendations - The article suggests that regulatory measures have been ineffective due to low penalties for non-compliance, leading platforms to prioritize profit over consumer fairness [7]. - A collaborative effort among regulators, platforms, and consumers is necessary to restore integrity in the ticketing industry and ensure a fair purchasing experience [7].

美团今日在港交所发布盈利预警公告称， 集团预期于截至2025年12月31日止年度（2025年度）录得亏损约人民币23,300百万元至人民币24,300百万 元， 相比之下，本集团于截至2024年12月31日止年度（2024年度）录得溢利约人民币35,808百万元。 对于2025年度的预期亏损原因，美团表示，主要是由于核心本地商业分部从2024年度约人民币52,415百万元的经营溢利转为2025年度约人民币6,800 百万元至人民币7,000百万元的经营亏损，同时本集团进一步加大了海外业务的投入。 上述舉措對核心本地商業分部2025年度的盈利能力造成了影響。儘管受持續競爭 影響,虧損趨勢預計將在2026年第一季度延續,但截至本公告日期,本集團的經 營狀況維持穩健及正常,且本集團擁有充足的現金以支撐業務的穩健發展。 (i) 在消費者端,強化營銷推廣力度,提升品牌影響力及價格競爭力,持續提高 用戶交易活躍度與黏性; (ii)在配送端,增加騎手激勵並豐富騎手權益,以保障服務品質及提升用戶體 驗 ;及 (iii)在商戶端,持續積極投入資源,支持商戶提升運營效率、拓寬消費者覆蓋範 圍、迭代經營模式,並實現穩步增長。 下载 ...

2月13日晚间，美团在港交所公告，集团预期于2025年度录得亏损约人民币233亿元至人民币243亿元， 相比之下，集团于2024年度录得溢利约人民币358.08亿元。集团于2025年度的预期亏损，主要是由于核 心本地商业分部从2024年度约人民币524.15亿元的经营溢利转为2025年度约人民币68亿元至人民币70亿 元的经营亏损，同时集团进一步加大了海外业务的投入。尤其是，为了应对2025年度行业空前激烈的竞 争，集团已战略性地加大对整个生态体系的投入，以增强核心优势并推动可持续增长。 ...

每经AI快讯，2月13日，美团公告，2025年净亏损初步数据233亿元人民币至243亿元人民币。 ...

Macro Dynamics - In January 2026, the social financing scale increased by 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [2] - The increase in RMB loans to the real economy was 4.9 trillion yuan, a decrease of 317.8 billion yuan year-on-year [2] - Net financing of corporate bonds was 503.3 billion yuan, an increase of 57.9 billion yuan year-on-year [2] - Government bonds net financing reached 976.4 billion yuan, an increase of 283.1 billion yuan year-on-year [2] Financial Institutions - The People's Bank of China and the National Financial Regulatory Administration have identified 21 systemically important banks in China, including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [3] Market Data - On February 13, A-shares saw all three major indices drop over 1%, with the Shanghai Composite Index falling 1.26% to below 4100 points [10] - The Hong Kong stock market closed with the Hang Seng Index down 1.72% and the Hang Seng Tech Index down 0.9% [11] Company Dynamics - Zhengyuan Wisdom's actual controller, Chen Jian, was sentenced to three years in prison for manipulating the securities market, but the company's operations remain normal [12] - CATL, Luoyang Molybdenum, and Laopu Gold will be included in the Hong Kong Hang Seng Index, increasing the number of constituent stocks from 88 to 90 [13] - Sinopec announced the resignation of Li Yonglin from his positions as executive director and senior vice president [14][15] - Zongshen Power plans to swap its motorcycle engine business with Longxin General's general machinery business, which is expected to constitute a major asset restructuring [16]

新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 2月13日，美团港交所公告：本集团预期2025年度录得亏损约人民币233亿元至人民币243亿元，相比之 下，本集团2024年度录得溢利约人民币358.08亿元。本集团于2025年度的预期亏损，主要是由于核心本 地商业分部从2024年度约人民币524.15亿元的经营溢利转为2025年度约人民币68亿元至人民币70亿元的 经营亏损，同时本集团进一步加大了海外业务的投入。 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：常福强 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 美团：本集团预期2025年度录得亏损约人民币233亿元至人民币243亿元 2月13日，美团港交所公告：本集团预期2025年度录得亏损约人民币233亿元至人民币243亿元，相比之 下，本集团2024年度录得溢利约人民 ...

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 美团：本集团预期2025年度录得亏损约人民币233亿元至人民币243亿元，相比之下，本集团2024年度录 得溢利约人民币358.08亿元。本集团于2025年度的预期亏损，主要是由于核心本地商业分部从2024年度 约人民币524.15亿元的经营溢利转为2025年度约人民币68亿元至人民币70亿元的经营亏损，同时本集团 进一步加大了海外业务的投入。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立以不同投票權控制的有限公司） 股份代號：3690（港幣櫃台）及83690（人民幣櫃台） 本集團2025年年度的業績尚待最終確定。本公告所載數據僅以對本集團未經審核 綜合管理賬目的初步審閱及董事會現時可得資料為依據，其尚未由本公司核數師 進行審閱或審核，亦未經董事會審核委員會進行審閱，可能會因進一步審閱而有 所調整。本集團2025年度之實際業績可能與本公告所載的數據有所不同。有關本 集團財務業績及表現之進一步詳情，將於預計於2026年3月底前刊發之2025年度 之全年業績公告中予以披露。 本公司股東及有意投資者於買賣本公司證券時，務須審慎行事。 承董事會命 美团 董事長 王興 香港，2026年2月13日 本公司董事會（「董事會」）謹此公告，根據對本集團最新未經審核綜合管理賬目 的初步評估及董事會現時可得資料，本集團預期於截至2025年12月31日止年度 （「2025年度」）錄得虧損約人民 ...

2026.02.13 文字数：1135，阅读时长大约2分钟 此外，据酒店了解的情况，腾冲本地小型酒店及客栈类的预订早在1月中旬就已预订完毕，大部分酒店 及客栈的在手预订量已超过去年同期的消费。 对于今年春节当地旅游业大爆发，曾明辉认为主要受三方面因素的影响：一是云南在春节期间长期受到 全国各地游客欢迎，云南的各个小城市、小县城的春节味更浓，腾冲也在此之列；二是当地气候条件宜 人，春节处于一年中最冷的时候，当地气温也不会低于0度；三是腾冲的非遗及文化氛围很浓，本地宣 纸、藤编、皮影以及翡翠都是城市文化名片上浓重地渲染。 小城的年味在于当地的各类传统活动。例如，游客可以去普洱景迈山徒步古茶林、在陵水跟着渔民赶海 拉地笼、去开封感受宋制复原妆造、去黄山看板凳龙、去潮州拍英歌舞妆造、去迪庆过藏历新年，更多 小众、地道的在地体验，吸引城市游客"去小城过大年"。 传统文化吸引游客探索新的目的地。美团旅行数据显示，截至2月上旬，河南春节文旅预订增速达 33%。八朝古都开封正持续擦亮"宋文化"IP。数据显示，春节前夕，开封"宋制汉服妆造"热度同比上涨 本 作者 | 第一财经 陆涵之 今年春节，消费者出游有了新的趋势：城市游客 ...

Core Viewpoint - The article discusses recent regulatory actions taken against six travel platform companies in China, focusing on their compliance with financial practices and consumer protection standards [2]. Group 1: Regulatory Actions - The Financial Regulatory Bureau, in conjunction with the Market Regulatory Bureau and the People's Bank of China, held discussions with six travel platforms, including Ctrip, Gaode Map, and Qunar, regarding issues in their lending practices with financial institutions [2]. - The platforms were instructed to standardize their marketing behaviors, avoid misleading promotional language, and clearly disclose loan institution names and credit product information [2]. - Companies are required to enhance customer complaint channels, respond promptly to consumer disputes, and improve service quality to protect consumer rights [2]. Group 2: Compliance Requirements - The Beijing Market Supervision Administration organized a meeting with 12 major platforms involved in online train ticket sales, emphasizing compliance with operational requirements [5]. - Key compliance requirements include prohibiting misleading claims about paid services providing priority ticket purchasing privileges and rectifying misleading promotions related to ticket availability [7]. - Platforms must ensure clear pricing, prominently display additional service costs, and rectify discrepancies between displayed ticket prices and actual payment amounts to safeguard consumer rights [7]. Group 3: Specific Issues Addressed - The meeting highlighted issues with Gaode Dache, including inadequate management of partner ride-hailing platforms, price suppression, and improper emergency response [6]. - Gaode Dache was instructed to strengthen supervision of partner platforms, ensure stable operational strategies, and monitor price fluctuations [6]. - The company must also enhance driver rights protection, improve safety management, and provide better working conditions for drivers, especially during peak travel seasons [6].