Industry Highlights - Changxin Storage launched its latest DDR5 product series with a maximum speed of 8000 Mbps and a maximum chip capacity of 24 Gb, showcasing the competitive technological strength of domestic storage chips [1] - The "first domestic GPU stock" Moer Thread initiated subscription with an issue price of 114.28 yuan per share, aiming to raise a total of 8 billion yuan for the development of new AI chips and graphics chips [1] - The White House is considering approving the export of Nvidia's H200 AI chips to China, with the U.S. Department of Commerce reviewing potential changes to export restrictions [1] Market Dynamics - U.S. stock markets saw collective gains on November 22, with the Nasdaq China Golden Dragon Index rising by 1.23%, following dovish comments from Federal Reserve officials regarding potential interest rate cuts [2] - WTI crude oil futures fell by 1.6% to $58.06 per barrel, influenced by expectations of a possible peace agreement between Russia and Ukraine [2] Stock Market Trends - Hong Kong's Hang Seng Index dropped by 2.38% on November 21, marking a weekly decline of 5.09%, while the Hang Seng Tech Index fell by 3.21% [3] - The Shanghai Composite Index experienced a single-day drop of 2.45%, the second-largest decline of the year, with significant inflows into equity ETFs as investors sought to capitalize on lower prices [3] Corporate Developments - 16 hard technology products received rapid approval, including AI and chip ETFs from various fund companies, indicating a growing interest in technology-focused investments [3] - Huawei is set to launch the Mate 80 series and Mate X7 on November 25, potentially featuring the new Kirin 9030 chip [4] Economic Insights - China's inbound tourism has surged, with a year-on-year increase of over 100% in visitor numbers, particularly from the U.S. and France, indicating a strong recovery in the tourism sector [12] - The Ministry of Industry and Information Technology announced the initiation of commercial trials for satellite IoT services, aiming to enhance market supply and support emerging industries [13]

（记者 张海妮） 每经AI快讯，有投资者在投资者互动平台提问：想问一下公司有没有冰雪经济行业的业务，具体包含 什么项目？同时未来有哪些有关冰雪经济的发展方向？ 晶雪节能（301010.SZ）11月24日在投资者互动平台表示："尊敬的投资者，您好！公司业务涉及冰雪产 业的基础设施建设，为长春、苏州滑雪场的建设贡献了晶雪力量。具体情况请关注公司定期报告及相关 公告信息。感谢您的关注！" ...

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 10,053 billion yuan in 2023, highlighting its emergence as a significant force in the country's economic development [1] Industry Summary - The ice and snow industry in China is recognized as a new and important emerging sector within the broader economic landscape [1]

图为棋盘山冰雪大世界滑雪场的造雪工作正有序进行。 随着气温下降，省内各大滑雪场进入迎接新雪季的最后准备阶段。今年，我省推出系列举措推动冰雪经济提质升级，各大滑雪场创新打造场景丰富的 冰雪项目，让游客畅享冰雪运动。近日，在棋盘山冰雪大世界看到，7条赛道上12台造雪机正不间断地工作，预计赛道雪量覆盖率超过60%后，将正式开门 迎客。 ...

Core Insights - The ice and snow industry in China is entering a golden development period, with the market size expected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry has achieved the goal of engaging 300 million people in ice and snow sports, providing continuous internal momentum for development [1] - The industry is transitioning from rapid growth to high-quality development, necessitating discussions on how to achieve this shift [1] Industry Development - The ice and snow industry has established a complete industrial chain covering upstream equipment manufacturing, midstream event operation and skill training, and downstream tourism and leisure [1] - New technologies such as 5G, artificial intelligence, and virtual reality are driving high-quality development in ice and snow equipment, enhancing user experience [2] - The market for ice and snow equipment is vast, with a focus on cultivating internationally competitive domestic brands and increasing R&D investment [2] Market Trends - The industry is evolving from pure ice and snow sports to a "snow + " multi-composite experience, integrating tourism, culture, and wellness [2] - The "snow + tourism" model is maturing, with ski resorts enhancing their offerings with hotels, dining, and commercial streets [2] - The "snow + culture" trend is emerging, with ice sculptures, performances, and themed museums enriching the industry [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and deep ice and snow culture to create world-class ski resort destinations [3] - Southern regions are effectively expanding the ice and snow market through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policy efforts and leveraging local competitive advantages [3]

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry aims to transition from rapid growth to high-quality development, focusing on meeting diverse consumer needs and enhancing product offerings [1] Industry Development - The goal of engaging 300 million people in ice and snow sports has been achieved, providing a strong internal driving force for industry growth [1] - The consumer base has expanded from professional enthusiasts and youth training groups to include families and seniors, prompting market innovation in products and services [1] - New offerings include dedicated children's skiing areas, night skiing, electronic music parties, and snow camping to cater to various demographics [1] Supply Chain and Infrastructure - Experts emphasize the need for improvements in the quality and quantity of ice and snow venue facilities and product supply systems [1] - Recommendations include upgrading venue facilities with smart technology, establishing regulatory frameworks for a well-ordered market, and innovating product matrices using digital technology [1] Industry Chain Structure - Since the 14th Five-Year Plan, the ice and snow industry has developed a comprehensive value chain encompassing upstream equipment manufacturing, midstream event operations and training, and downstream tourism and leisure [1] Technological Advancements - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, enhancing user experiences [2] - Smart snowfield management systems improve operational safety and efficiency through real-time monitoring and intelligent scheduling [2] - The application of new materials and processes in equipment manufacturing optimizes the performance of products like skis and ice skates [2] Emerging Trends - The industry is evolving from traditional ice and snow sports to a "snow+" multi-dimensional experience, integrating tourism, culture, and wellness [2] - The "snow+tourism" model is maturing with improved facilities in ski resorts, while "snow+culture" initiatives are enriching the industry with ice sculptures, performances, and themed museums [2] - The "snow+wellness" concept combines ice sports with health tourism, creating winter wellness products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and rich ice and snow culture to develop world-class ski destinations [3] - Southern regions are expanding the ice and snow market through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policies and leveraging local competitive advantages [3]

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2025, highlighting its significance as a new economic force [1] - The industry aims to transition from rapid growth to high-quality development, focusing on meeting diverse consumer needs and enhancing product offerings [1] Industry Development - The goal of engaging 300 million people in ice and snow sports has been achieved, providing a strong internal driving force for industry growth [1] - The consumer base has expanded from professional enthusiasts and youth training groups to include families and seniors, prompting market innovation [1] - New offerings include dedicated children's skiing areas, night skiing, electronic music parties, and snow camping to cater to various demographics [1] Supply Chain and Infrastructure - Experts emphasize the need for improvements in the quality and quantity of ice and snow venue facilities and products [1] - Recommendations include upgrading venue infrastructure, enhancing regulatory frameworks, and innovating product matrices using digital technology [1] Technological Advancements - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, leading to new products and enhanced user experiences [2] - Smart snowfield management systems improve operational safety and efficiency through real-time monitoring and intelligent scheduling [2] - The application of new materials and processes in equipment manufacturing optimizes the performance of products like skis and ice skates [2] Emerging Trends - The ice and snow industry is evolving towards a "snow+" model, integrating various experiences such as tourism, culture, and wellness [2] - The "snow+ tourism" model is maturing with improved amenities in ski resorts, while "snow+ culture" is gaining traction through ice sculptures and themed museums [2] - The combination of ice and snow sports with wellness tourism is creating new winter health tourism products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and cultural heritage to develop world-class ski destinations [3] - Xinjiang is emerging as China's "third polar region" for ice and snow, while southern regions are expanding through indoor ski facilities [3] - Addressing regional development imbalances and avoiding homogenized competition are key focus areas for future growth [3] - Recommendations include coordinated policy efforts and leveraging regional strengths to ensure comprehensive development of the ice and snow industry [3]

顶尖学府与冰雪胜地美好相遇 深秋的未名湖波光潋滟，博雅塔下书声琅琅，一场来自北国的冰雪之约在此浪漫邂逅。11月20日，由黑 龙江省文化和旅游厅主办的黑龙江省文旅人才招募季暨2025年黑龙江省冬季旅游宣推活动在北京大学隆 重举行。活动将龙江大地的冰雪盛景与发展机遇生动呈现在百年学府，开启了"冰雪"与"青春"、"引 才"与"兴业"深度交融的新篇章。 黑龙江省文化和旅游厅厅长何晶、副厅长钟华，北京大学会议中心主任胡新龙，以及来自黑龙江13个地 市文旅部门、重点文旅企业代表、新闻媒体记者、旅游博主和北大师生共同参与了此次活动，见证这场 跨越千里的冰雪盛宴。 胡新龙表示，此次北京大学首度与地方文旅携手，是落实党的二十届四中全会"以文化赋能经济社会发 展"的重要部署，将北大的文化底蕴与优势同龙江的资源优势、产业优势精准对接，未来双方将同向而 行，为特色文化和旅游发展注入新动能。 黑龙江省文化和旅游厅副厅长钟华在致辞中表示，黑龙江认真践行"冰天雪地也是金山银山"发展理念， 全面贯彻习近平总书记关于旅游发展的重要论述和视察黑龙江期间重要讲话重要指示精神，认真落实全 国旅游发展大会精神，推动冰雪经济高质量发展。黑龙江求贤若渴， ...

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry has successfully engaged 300 million people in ice and snow sports, providing a continuous internal driving force for development [1] - The focus is shifting from rapid growth to high-quality development, necessitating discussions on how to achieve this transition [1] Industry Development - The ice and snow industry has established a comprehensive value chain covering upstream equipment manufacturing, midstream event operation and skills training, and downstream tourism and leisure [1] - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, enhancing user experience and operational efficiency [2] - The market is innovating to meet diverse consumer needs, with offerings like children's ski areas, night skiing, and snow-themed events [1][2] Market Trends - The industry is evolving towards a "snow + " multi-dimensional experience, integrating tourism, culture, and wellness into ice and snow activities [2] - The "snow + tourism" model is maturing, with improved facilities in ski resorts, while "snow + culture" is gaining traction through ice sculptures and themed museums [2] - The "snow + wellness" trend combines ice and snow sports with health tourism, creating winter wellness products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and cultural heritage to develop world-class ski destinations [3] - Southern regions are expanding the ice and snow market through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policy efforts and leveraging local competitive advantages [3]

据了解，美团旅行近日发布的出行趋势报告显示，11月以来"冰雪航线"搜索热度持续攀升。在冰雪游实 际预订的热门目的地中，沈阳榜上有名，标志着其作为东北地区中心城市的冰雪旅游吸引力获得市场认 可。旅游业内人士指出，这股热度不仅源于人们对北方雪景的向往，更得益于辽宁日益完善的交通基础 设施。特别是今年9月沈白高铁开通后，一张以沈阳为中心、覆盖北京、长春、大连等主要城市的4.5小 时"冰雪交通圈"已然成型。 冰雪季尚未全面到来，辽宁冰雪旅游热度已悄然升温。美团旅行平台大数据显示，沈阳跻身全国冰雪游 热度前十大目的地，展现出强劲的市场吸引力。与此同时，以沈阳为重要枢纽的高铁网络持续发力，正 逐步将过境"流量"转化为本地消费"留量"，为辽宁冰雪经济发展注入新动能。 交通格局的升级，不仅激发了本地市民"走出去"的热情，同时，其带来的庞大过境客流经由沈阳等枢纽 集散，也为沈阳、大连等城市创造了绝佳的承接条件。面对涌来的客流，辽宁商家闻讯而动。在沈阳， 多家星级酒店与温泉景区正联手打造"滑雪+温泉"的定制套餐，让游客在体验速度与激情后，能就地享 受冬日温暖的舒缓松弛；各大文博场馆和商业综合体也纷纷推出冰雪主题的夜间展览和民俗市 ...