2026年2月24日上午9点57分， 中国中免 （601888）股价封死跌停，报收85.18元/股。 这记跌停并非孤立的市场行为。公司证券部工作人员对外回应："公司确实失去了 上海机场 部分经营 权，前期已经发布相关公告。对于春节销售数据，公司只掌握三亚等部分地区单日销售数据，尚未达到 发布公告标准。" 话语平静，但资本市场已经用脚投票。 一场早有预兆的下跌 将时间轴拉长，中免的困境早有端倪。 2025年前三季度，公司实现营业收入398.62亿元，同比下降7.34%；归母净利润30.52亿元，同比下降 22.13%。第三季度单季归母净利润仅4.52亿元，同比大幅下滑28.94%。经营活动现金流净额33.88亿 元，同比下降33.62%——销售回款的压力正在加大。 更值得警惕的是，净利润降幅显著大于营收降幅，意味着盈利能力持续下滑。公司官方解释称："受消 费需求放缓，公司经营业绩持续承压所致。" 2月24日的跌停，是这些问题的集中。 从资金面看，机构正在"用脚投票"。当日主力资金净流出高达12.04亿元，占成交额的28.81%。香港中 央结算有限公司等机构近期持续减仓。与此同时，融资客逆势净买入3.24亿元—— ...

· 国都港股操作导航 | 海外市场重要指数 | 收市 | 幅度 | | --- | --- | --- | | 道琼斯工业指数 | 49,174.81 | 0.76% | | 标普 500 指数 | 6,890.11 | 0.77% | | 纳斯达克综合指数 | 22,863.68 | 1.05% | | 英国富时 100 指数 | 10,680.59 | -0.04% | | 德国 DAX 指数 | 24,986.25 | -0.02% | | 日经 225 指数 | 57,321.09 | 0.87% | | 台湾加权指数 | 33,773.26 | 0.50% | | 内地股市 | | | | 上证指数 | 4,117.41 | 0.87% | | 深证成指 | 14,291.57 | 1.36% | | 香港股市 | | | | 恒生指数 | 26,590.32 | -1.82% | | 国企指数 | 9,007.86 | -2.06% | | 红筹指数 | 4,445.90 | -0.46% | | 恒生科技指数 | 5,270.70 | -2.13% | | AH 股溢价指数 | 116.99 | ...

港股通消费ETF华夏（513230）跟踪中证港股通消费主题指数，该指数覆盖酒旅、餐饮等传统服务业龙 头，更包含潮玩、金饰等高弹性资产，以及运动服饰、白电等高股息标的。成分股近乎囊括港股消费的 各个领域，包括泡泡玛特、百胜中国、老铺黄金、安踏体育、农夫山泉、蜜雪冰城等消费龙头。 中信证券表示，马年春节消费延续分化表现，整体符合预期，其中酒店、景区、高端酒等呈现较优景气 度，受出行分流的部分影响，零售、票房等表现总体一般。该机构观点维持，"低预期低估值"+"消费韧 性特征下的企稳趋势"预计将提升消费配置的资金偏好，复盘过去三十年四轮牛市行情中的消费表现可 见，消费往往在经济基本面开始回暖时有所表现，而自身的盈利弹性决定其上涨的持续性和空间。该机 构判断，2026年将是消费行业景气度拐点确立的关键之年。由于当前宏观环境仍然偏弱，消费景气的自 身修复预计仍需时间，短期消费整体beta性机会可关注财政刺激类政策的可能性。 2月25日早盘，港股高开，恒生指数涨0.58%，恒生科技指数涨0.86%。消费股活跃，海底捞涨逾2%，安 踏体育涨近2%。港股消费板块早盘震荡攀升，港股通消费ETF华夏（513230）现涨近1.5%。 ...

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are Haotian International Investment (01341) at 71.99%, China Telecom (00728) at 71.35%, and Southern Hengsheng Technology (03033) at 69.01% [1][2] - The largest increases in holding amounts over the last five trading days were seen in the following companies: Yingfu Fund (02800) with an increase of 3.67 billion, Tencent Holdings (00700) with an increase of 3.60 billion, and Alibaba-W (09988) with an increase of 2.18 billion [1][2] - The companies with the largest decreases in holding amounts over the last five trading days include Zijin Mining (02899) with a decrease of 578 million, Pop Mart (09992) with a decrease of 382 million, and China Pacific Insurance (02601) with a decrease of 338 million [1][3] Group 2 - The latest holding ratio rankings for Hong Kong Stock Connect show that Haotian International Investment has 7.99 billion shares, China Telecom has 9.90 billion shares, and Southern Hengsheng Technology has 10.41 billion shares [2] - The top ten companies with the largest increases in holdings over the last five trading days include Xiaomi Group-W (01810) with an increase of 2.17 billion and Meituan-W (03690) with an increase of 1.18 billion [2] - The top ten companies with the largest decreases in holdings also include WuXi Biologics (02269) with a decrease of 290 million and Jiangxi Copper (00358) with a decrease of 239 million [3]

Core Viewpoint - The article highlights the transformation of traditional Chinese New Year celebrations in Beijing, integrating technology and modern cultural elements to enhance tourism and consumer engagement during the festive season [1]. Group 1: Technological Integration - Robots have become a central attraction at various temple fairs, showcasing advancements in "Chinese manufacturing" and providing interactive experiences for visitors [5]. - The Haidian New Year Technology Temple Fair featured performances by robots, including a robot band and interactive shows, emphasizing the blend of traditional culture with cutting-edge technology [5]. - The initiative to build Beijing as a "global artificial intelligence city" is reflected in the innovative experiences offered at these events, creating a bridge between advanced technology and consumer engagement [5]. Group 2: Cultural Fusion - Traditional customs are being merged with contemporary trends, as seen in the integration of non-heritage lion dances with modern street culture, creating immersive experiences for visitors [6]. - The Sanlitun Taikoo Li introduced a "Lion King in Beijing" theme exhibition, showcasing traditional lion dance equipment in a modern setting, attracting younger audiences [7]. - The Fengtai district hosted a New Year Peking Opera event, featuring performances from major local theater groups, which drew significant visitor engagement [7]. Group 3: Youth Engagement - The "潮庙会" (Trendy Temple Fair) in Chaoyang district focused on attracting younger audiences by incorporating interactive elements and popular cultural icons like pandas, enhancing emotional value and participation [9]. - Traditional fairs are adapting to modern tastes, with events like the Pinggu Yaji Mountain Fair introducing NPCs for interactive experiences, appealing to younger demographics [9]. Group 4: Night Economy Activation - Various light shows and lantern festivals across Beijing are contributing to the night economy, with events like the "Penglai Wonderland" and "Tian Gong Lantern Festival" attracting large crowds and enhancing the overall festive atmosphere [10][12]. - The integration of food, entertainment, and cultural displays at these night events is creating a comprehensive experience for visitors, encouraging longer stays and increased spending [12][13]. Group 5: Creative Product Development - The incorporation of the "horse" theme into cultural products has led to increased consumer interest, with various creative items becoming popular among visitors [15]. - The Factory Dian Temple Fair has seen a rise in sales of cultural products linked to the horse theme, demonstrating the effectiveness of blending traditional elements with modern marketing strategies [15].

Group 1 - Anta Sports-R (82020), JD Health-R (86618), and Geely Automobile-R (80175) have the highest short-selling ratios at 100.00%, 100.00%, and 95.46% respectively [1] - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) lead in short-selling amounts, with 2.193 billion, 1.867 billion, and 1.658 billion respectively [1] - Geely Automobile-R (80175), Tencent Holdings-R (80700), and Blue Moon Group (06993) have the highest deviation values at 56.09%, 35.57%, and 33.29% respectively [1] Group 2 - The top short-selling ratio rankings show Anta Sports-R (82020) at 100.00% with a short-selling amount of 29.79 thousand, followed by JD Health-R (86618) at 100.00% with 9.88 thousand, and Geely Automobile-R (80175) at 95.46% with 31.09 thousand [2] - The top short-selling amounts are led by Tencent Holdings (00700) at 2.193 billion, Alibaba-W (09988) at 1.867 billion, and Meituan-W (03690) at 1.658 billion [2] - The highest short-selling deviation values are led by Geely Automobile-R (80175) at 56.09%, followed by Tencent Holdings-R (80700) at 35.57%, and Blue Moon Group (06993) at 33.29% [2]

郑州新郑国际机场航站楼。 河南日报资料图片 建设全国统一大市场，是构建新发展格局、推动高质量发展的基础支撑和内在要求。河南融入服务全国统一大市场效果怎么样？2月24日记者了解 到，省发展改革委联合省有关单位，研究构建了河南融入服务全国统一大市场监测指标体系，85项指标科学测度河南融入服务全国统一大市场现状 水平、发展进程和变化趋势，努力为全国统一大市场建设的监测评价探索路径、提供示范。 新春第一会，释放了什么信号 6281万人次，376.3亿元。 这是今年春节假期河南文旅交出的亮眼"成绩单"，较2025年同期，接待人次、旅游收入分别增长9.1%、9.6%。春节9天假期，从万岁山武侠城到胖东 来时代广场，人的流动、物的流动、钱的流动，让河南成为一片"热土"。 如何让这涌动的活力，沉淀为持久的发展动能？答案藏在一个词里：大市场。 市场是当今世界最稀缺的资源。当14亿人的庞大市场摆在眼前，河南要做的，不只是让"水"流过，更要让"水"汇聚、让价值扎根。 2月24日，农历正月初八，节后上班第一天，河南纵深推进融入服务全国统一大市场大会在郑州召开。连续两年聚焦同一主题，河南"新春第一会"释 放出强烈的信号。 为什么河南持 ...

Group 1: Consumer Trends - The core theme of consumer behavior during the Spring Festival is service-oriented consumption, with a noticeable trend towards rational spending [1][2] - Analysts observed that while dining and entertainment venues were busy, consumers preferred more affordable price points, indicating a shift towards rational decision-making in spending [2] - In Jiangsu's consumer market, there was a notable increase in both prices and consumption volume for service-related activities, reflecting a structural upgrade in consumer preferences [3] Group 2: Industrial Development - Analysts noted a surge in new productive forces, with traditional industries accelerating their transformation and upgrade [4] - In Hainan, the integration of commercial aerospace initiatives has led to a thriving local economy, with significant growth in tourism and hospitality linked to the aerospace sector [4] - In Shandong, advancements in energy storage technology and the establishment of a large-scale sodium-ion battery production line highlight the region's industrial evolution [5] Group 3: Overseas Opportunities - Analysts conducted field research overseas, providing valuable insights for Chinese companies looking to expand internationally [6] - In Australia, rising property prices driven by low interest rates and high immigration have become a significant social issue, impacting housing affordability [6] - In Indonesia, local market adaptation is crucial for success, with companies needing to navigate economic and cultural differences to establish a foothold [6]

2月24日，北京商报记者从最高人民检察院官网获悉，2025年1至11月，检察机关共起诉涉及文创产品侵 犯知识产权犯罪案件64件，其中包括涉及"哪吒"案件20件、涉及"泡泡玛特"案件13件。在业内看来，高 热度文创IP自带粉丝基础，伴随技术发展，仿制门槛也越来越低，文创产品侵权收益与侵权成本严重失 衡。文创产业快速发展与知识产权保护体系间存在尚未完全适配的结构性矛盾，遏制侵权，构建IP"护 城河"还需要社会共治。 高热度IP占比过半 在电影《哪吒之魔童闹海》百亿票房背后，其IP授权费飙至近千万元；中国国家博物馆因"凤冠冰箱 贴"创下近20年来单品及系列文创的销售纪录；泡泡玛特旗下拉布布更是火爆全球，成为文化出海"新标 杆"……随着我国文化产业发展提速提质，文创产品成为当前消费市场的重要板块。 国家统计局发布的数据显示，2025年，文化核心领域实现营业收入103181亿元，比上年增长11.5%。内 容创作生产、新闻信息服务、创意设计服务等3个行业大类营业收入实现两位数增长，增速分别为 13.5%、13.2%和12.3%。 最高人民检察院官网显示，在浙江东阳检察机关办理的一起侵犯著作权犯罪案件中，被告人搭建非法影 ...

2月24日，北京商报记者从最高人民检察院官网获悉，2025年1至11月，检察机关共起诉涉及文创产品侵犯知识产权犯罪案件64件，其中包括涉及"哪吒"案件 20件、涉及"泡泡玛特"案件13件。在业内看来，高热度文创IP自带粉丝基础，伴随技术发展，仿制门槛也越来越低，文创产品侵权收益与侵权成本严重失 衡。文创产业快速发展与知识产权保护体系间存在尚未完全适配的结构性矛盾，遏制侵权，构建IP"护城河"还需要社会共治。 另据了解，去年6月以来，部分不法商家利用多个网络平台销售仿冒中国国家博物馆凤冠、北京古代建筑博物馆天宫藻井冰箱贴。2025年10月，北京市文化 市场综合执法总队依法查处首例北京中轴线文博文创产品侵权行政处罚案，对多家涉案主体作出罚没款24.3万余元的处罚。 在文娱产业分析师张书乐看来，由于盗版者"散装分布"，版权方取证难度高、维权难度大、索赔时间长，版权方往往选择对典型案例进行重点打击，很难完 全遏制盗版侵袭。 高热度IP占比过半 在电影《哪吒之魔童闹海》百亿票房背后，其IP授权费飙至近千万元；中国国家博物馆因"凤冠冰箱贴"创下近20年来单品及系列文创的销售纪录；泡泡玛特 旗下拉布布更是火爆全球，成为文化 ...