Core Viewpoint - Dongbai Group's stock has shown significant growth, with a year-to-date increase of 19.36% and a recent surge of 28.86% over the past five trading days, indicating strong market interest and potential investment opportunities [2]. Group 1: Stock Performance - As of November 11, Dongbai Group's stock reached a price of 8.26 CNY per share, with a total market capitalization of 7.185 billion CNY [1]. - The stock has experienced a 39.06% increase over the past 20 days and a 42.41% increase over the past 60 days [2]. - The company has appeared on the stock market's "龙虎榜" (top trading list) 13 times this year, with the most recent appearance on April 10 [2]. Group 2: Financial Performance - For the period from January to September 2025, Dongbai Group reported a revenue of 1.359 billion CNY, reflecting a year-on-year growth of 2.34%, and a net profit attributable to shareholders of 88.048 million CNY, which is a 3.04% increase year-on-year [2]. - The company has distributed a total of 579 million CNY in dividends since its A-share listing, with 191 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Dongbai Group had 52,900 shareholders, a decrease of 14.94% from the previous period, with an average of 16,417 shares held per shareholder, an increase of 17.56% [2]. - New institutional shareholders include Hong Kong Central Clearing Limited, holding 6.3922 million shares, and Manulife Investment Bond A, holding 1.8344 million shares [3].

Core Viewpoint - Xiyu Tourism's stock price has shown fluctuations with a year-to-date increase of 13.25%, while facing a decline of 12.59% over the past 60 days, indicating volatility in market performance [2][3]. Financial Performance - For the period from January to September 2025, Xiyu Tourism reported a revenue of 286 million yuan, reflecting a year-on-year growth of 6.20%. However, the net profit attributable to shareholders decreased by 14.51% to approximately 98.58 million yuan [3]. - The company has distributed a total of 108 million yuan in dividends since its A-share listing, with 93 million yuan distributed over the past three years [4]. Stock Market Activity - As of November 10, Xiyu Tourism's stock price was 39.50 yuan per share, with a market capitalization of 6.123 billion yuan. The trading volume was 2.19 billion yuan, with a turnover rate of 3.63% [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 38.63 million yuan on August 8, contributing to a total buying of 152 million yuan, which accounted for 12.99% of total trading volume [2]. Shareholder Structure - As of October 20, the number of shareholders for Xiyu Tourism increased to 26,200, with an average of 5,924 circulating shares per person, a decrease of 1.32% [3]. - Notable changes in institutional holdings include the entry of Hong Kong Central Clearing Limited as a new major shareholder, holding 982,100 shares, while the 富国中证旅游主题ETF has increased its holdings to 1.8567 million shares [4].

Core Viewpoint - Lijiang Yulong Tourism Co., Ltd. has shown a modest increase in stock price and revenue, while facing a slight decline in net profit year-on-year, indicating a mixed performance in the tourism sector [1][2]. Financial Performance - As of September 30, Lijiang's revenue for the first nine months of 2025 reached 660 million yuan, reflecting a year-on-year growth of 3.79% [2]. - The net profit attributable to the parent company was 192 million yuan, showing a slight decrease of 0.18% compared to the previous year [2]. - The company's stock price increased by 6.22% year-to-date, with a 3.78% rise over the last five trading days [1]. Shareholder Information - The number of shareholders as of September 30 was 42,100, a decrease of 3.78% from the previous period [2]. - The average number of circulating shares per shareholder increased by 3.93% to 13,036 shares [2]. - The company has distributed a total of 1.181 billion yuan in dividends since its A-share listing, with 522 million yuan distributed over the last three years [3]. Stock Market Activity - On November 10, Lijiang's stock price rose by 2.03% to 9.05 yuan per share, with a trading volume of 108 million yuan and a turnover rate of 2.18% [1]. - The net outflow of main funds was 1.3763 million yuan, while large orders accounted for 17.87% of purchases and 19.65% of sales [1]. Business Segments - The company's main business revenue composition includes: 49.53% from cableway transportation, 20.70% from hotel services, 16.93% from performances, 10.13% from other services, and 2.70% from catering [1].

Core Viewpoint - Tianmu Lake's stock price has shown fluctuations with a year-to-date increase of 6.64%, while recent trading activity indicates a mixed performance in the short term [2][3]. Group 1: Stock Performance - As of November 10, Tianmu Lake's stock rose by 2.08%, reaching a price of 11.80 CNY per share, with a trading volume of 37.34 million CNY and a turnover rate of 1.18% [1]. - Year-to-date, Tianmu Lake's stock has increased by 6.64%, with a 3.24% rise over the last five trading days and a 2.61% increase over the last 20 days, but a decline of 5.98% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Tianmu Lake reported a revenue of 386 million CNY, reflecting a year-on-year decrease of 4.65%, while the net profit attributable to shareholders was 83.25 million CNY, down 2.54% year-on-year [3]. - Since its A-share listing, Tianmu Lake has distributed a total of 375 million CNY in dividends, with 163 million CNY distributed over the past three years [4]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Tianmu Lake was 23,400, a decrease of 13.46% from the previous period, with an average of 11,559 shares held per shareholder, an increase of 15.55% [3]. - Among the top ten circulating shareholders, the Fortune China Securities Tourism Theme ETF holds 2.75 million shares, an increase of 1.00 million shares from the previous period, while the E Fund Enhanced Return Bond A has entered as a new shareholder with 1.42 million shares [4]. Group 4: Business Overview - Tianmu Lake, established on September 15, 1992, and listed on September 27, 2017, operates primarily in tourism, with its main business segments including scenic area operations (55.19%), travel agency services (33.78%), and hotel operations (28.65%) [2]. - The company is classified under the Shenwan industry as part of social services in tourism and scenic areas, with relevant concept sectors including online tourism, tourism hotels, small-cap stocks, micro-cap stocks, and state-owned enterprise reforms [2].

Core Points - Daqian Ecology's stock price increased by 2.02% on November 10, reaching 33.39 CNY per share, with a market capitalization of 4.532 billion CNY [1] - The company has seen a year-to-date stock price increase of 84.99%, but has experienced a decline of 3.86% over the last five trading days [1] - Daqian Ecology's main business segments include cultural tourism operations (67.94%), pet business (16.47%), ecological construction (7.30%), and seedling sales (5.25%) [1] Financial Performance - For the period from January to September 2025, Daqian Ecology reported a revenue of 153 million CNY, representing a year-on-year growth of 109.17% [2] - The company recorded a net profit attributable to shareholders of -36.9 million CNY, a decrease of 340.89% compared to the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 101 million CNY, with 6.786 million CNY distributed in the last three years [3] Shareholder Information - As of September 30, Daqian Ecology had 12,100 shareholders, a decrease of 6% from the previous period [2] - The average number of tradable shares per shareholder increased by 6.38% to 11,203 shares [2] Industry Classification - Daqian Ecology is classified under the construction decoration industry, specifically in the basic construction and landscaping engineering sectors [2] - The company is associated with several concept sectors, including pet economy, annual strong stocks, tourism hotels, rural revitalization, and equity transfer [2]

Core Viewpoint - Xizang Tourism's stock has shown significant volatility, with a year-to-date increase of 74.44%, but recent trends indicate a slight decline in the short term [1][2]. Group 1: Stock Performance - As of November 10, Xizang Tourism's stock price increased by 2.02% to 18.70 CNY per share, with a total market capitalization of 4.244 billion CNY [1]. - The stock has experienced a net inflow of 2.3507 million CNY from main funds, with large orders accounting for 14.62% of total purchases [1]. - Year-to-date, the stock has been on the龙虎榜 (top trading list) 13 times, with the most recent occurrence on September 23, where it recorded a net buy of -12.7752 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Xizang Tourism reported an operating income of 161 million CNY, a year-on-year decrease of 5.43%, while the net profit attributable to shareholders increased by 62.44% to 32.5598 million CNY [2]. - The company has not distributed any dividends in the last three years, with a total payout of 4.7284 million CNY since its A-share listing [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Xizang Tourism increased to 53,000, a rise of 107.48%, while the average circulating shares per person decreased by 51.80% to 4,279 shares [2]. - Among the top ten circulating shareholders, the 富国中证旅游主题ETF (Fuguo Zhongzheng Tourism Theme ETF) holds 2.7679 million shares, an increase of 1.0019 million shares compared to the previous period [3].

Core Viewpoint - Lingnan Holdings has experienced a stock price increase of 39.69% year-to-date, despite a recent decline of 8.78% over the past five trading days [1] Group 1: Stock Performance - As of November 10, Lingnan Holdings' stock price rose by 2.05% to 13.41 CNY per share, with a trading volume of 1.01 billion CNY and a turnover rate of 1.14%, resulting in a total market capitalization of 8.987 billion CNY [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 11, where it recorded a net buy of -19.23 million CNY [1] - Year-to-date, the stock has seen fluctuations with a 20-day increase of 1.98% and a 60-day increase of 8.67% [1] Group 2: Financial Performance - For the period from January to September 2025, Lingnan Holdings reported a revenue of 3.414 billion CNY, reflecting a year-on-year growth of 4.40%, while the net profit attributable to shareholders decreased by 51.52% to 65.56 million CNY [2] - Cumulative cash dividends since the company's A-share listing amount to 698 million CNY, with 53.62 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 9.70% to 51,500, with an average of 13,021 circulating shares per person, a decrease of 8.84% [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 25.8633 million shares, an increase of 345,800 shares from the previous period [3]

Core Viewpoint - Xi'an Tourism's stock price has shown a slight increase recently, but the company has experienced a decline in revenue and a net loss in the first nine months of 2025 [2][3]. Financial Performance - As of November 10, Xi'an Tourism's stock price rose by 2.07% to 12.80 CNY per share, with a market capitalization of 3.03 billion CNY [1]. - Year-to-date, the stock price has decreased by 6.30%, but it has increased by 5.00% over the last five trading days [2]. - For the period from January to September 2025, the company reported operating revenue of 380 million CNY, a year-on-year decrease of 12.75%, and a net profit attributable to shareholders of -80.34 million CNY, which represents a year-on-year increase of 7.48% [2]. Business Overview - Xi'an Tourism was established on December 31, 1996, and was listed on September 26, 1996. The company operates in various sectors, including domestic commerce, food services, material supply, and tourism services [2]. - The main revenue sources are travel agency services (63.83%), hotel operations (24.46%), leasing (5.46%), trade (2.75%), other services (2.56%), and amusement parks (0.94%) [2]. - The company is classified under the social services sector, specifically in tourism and scenic areas [2]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 6.24% to 60,000, while the average circulating shares per person increased by 6.66% to 3,923 shares [2]. - The company has distributed a total of 110 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. - Among the top ten circulating shareholders, the Fortune CSI Tourism Theme ETF holds 3.33 million shares, an increase of 1.17 million shares compared to the previous period [3].

Core Viewpoint - Huatian Hotel's stock has shown a positive trend with a year-to-date increase of 7.19%, despite a decline in revenue and net profit for the first nine months of 2025 [1][2]. Financial Performance - As of September 30, 2025, Huatian Hotel reported a revenue of 398 million yuan, a year-on-year decrease of 12.52% [2]. - The net profit attributable to the parent company was -156 million yuan, reflecting a year-on-year decrease of 39.99% [2]. Stock Market Activity - On November 10, Huatian Hotel's stock price rose by 2.08% to 3.43 yuan per share, with a trading volume of 21.93 million yuan and a turnover rate of 0.64% [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on September 23, where it recorded a net buy of 321,900 yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 46,100, up by 1.95% from the previous period [2]. - The average circulating shares per person decreased by 1.91% to 22,114 shares [2]. Dividend History - Huatian Hotel has cumulatively distributed 328 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, the third-largest circulating shareholder is the Fortune China Tourism Theme ETF, holding 10.44 million shares, an increase of 3.84 million shares from the previous period [3]. - The fifth-largest circulating shareholder is Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund, holding 4.14 million shares, an increase of 636,300 shares from the previous period [3].

Core Viewpoint - The stock price of Quanjude has shown a modest increase this year, with a notable rise in recent trading days, despite a decline in revenue and net profit for the first nine months of 2025 [2][3]. Financial Performance - As of September 30, 2025, Quanjude reported a revenue of 958 million yuan, representing a year-on-year decrease of 11.62% [2]. - The net profit attributable to the parent company was 26.17 million yuan, down 62.85% year-on-year [2]. - The company has cumulatively distributed 830 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - On November 6, Quanjude's stock price increased by 2.21%, reaching 12.00 yuan per share, with a trading volume of 84.56 million yuan and a turnover rate of 2.35% [1]. - The stock has increased by 3.45% year-to-date, with a 6.10% rise over the last five trading days, 7.82% over the last 20 days, and 8.99% over the last 60 days [2]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 37,000, up 18.19% from the previous period, with an average of 8,281 circulating shares per person, a decrease of 15.39% [2]. - The fourth largest circulating shareholder is the Fortune China Tourism Theme ETF, holding 1.4641 million shares, an increase of 502,400 shares from the previous period [3]. Business Overview - Quanjude, established on June 16, 1994, and listed on November 20, 2007, primarily engages in high-end roast duck dining services, with its revenue composition being 78.53% from dining services, 19.34% from product sales, and 2.13% from leasing [2]. - The company operates within the social services sector, specifically in the hotel and catering industry, and is associated with concepts such as tourism hotels, new retail, and prepared dishes [2].