英派斯今年以来股价涨10.31%，近5个交易日涨3.05%，近20日涨1.61%，近60日涨22.51%。 今年以来英派斯已经1次登上龙虎榜，最近一次登上龙虎榜为4月14日。 机构持仓方面，截止2025年9月30日，英派斯十大流通股东中，民生加银持续成长混合A（007731）位 居第六大流通股东，持股135.63万股，为新进股东。华夏稳增混合（519029）位居第七大流通股东，持 股133.16万股，相比上期增加11.60万股。天弘医疗健康A（001558）位居第八大流通股东，持股127.89 万股，相比上期减少20.01万股。银华品质消费股票A（009852）位居第十大流通股东，持股80.34万 股，为新进股东。 资料显示，青岛英派斯健康科技股份有限公司位于山东省青岛市崂山区秦岭路18号国展财富中心3号楼7 层，成立日期2004年6月23日，上市日期2017年9月15日，公司主营业务涉及从事健身器材的开发、制造 与销售业务。主营业务收入构成为：商用产品80.92%，其他12.39%，户外产品6.46%，家用产品 0.22%。 英派斯所属申万行业为：轻工制造-文娱用品-娱乐用品。所属概念板块包括：体育产业、小 ...

Core Points - The introduction of a winter "snow holiday" in Jilin Province aims to stimulate the ice and snow economy by encouraging family participation in winter sports and activities [1][11] - The first day of the snow holiday saw a significant increase in visitor numbers at key ice and snow venues, indicating a strong market response [3][4] Group 1: Economic Impact - The snow holiday has led to over 50,000 visitors at major ski resorts, with a 100% year-on-year increase in visitor numbers at some locations [3] - Public cultural venues, such as museums and libraries, have also seen increased participation from students during the holiday [4] Group 2: Family Engagement - The snow holiday encourages flexible vacation arrangements for working parents, allowing them to spend time with their children [5][7] - Families are encouraged to engage in local ice and snow activities, promoting physical health and enjoyment among children [7] Group 3: Long-term Strategy - The snow holiday is viewed as a long-term initiative, with plans to extend the holiday period in future years to enhance ice and snow service capabilities [9] - There is a focus on developing local ice and snow facilities and training professional instructors to support the initiative [9] Group 4: Policy Innovation - The snow holiday is seen as a significant policy innovation that aligns with local resources and aims to boost tourism and leisure consumption [11] - The initiative is expected to enhance the geographical brand image of Jilin and Xinjiang as key destinations for winter sports [11] Group 5: Business Model Challenges - Ice and snow businesses face operational pressures despite the rapid growth of the ice and snow economy, necessitating innovative business models [13] - Free or low-cost access to snow activities is viewed as a strategy to cultivate future consumers, while businesses must also diversify their offerings to include related services [13]

资金流向方面，主力资金净流出664.53万元，特大单买入508.06万元，占比5.42%，卖出520.01万元，占 比5.55%；大单买入840.36万元，占比8.96%，卖出1492.94万元，占比15.92%。 12月2日，祥源文旅（维权）盘中下跌2.13%，截至13:53，报7.35元/股，成交9375.16万元，换手率 1.92%，总市值77.51亿元。 分红方面，祥源文旅A股上市后累计派现2268.07万元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，祥源文旅十大流通股东中，朱雀恒心一年持有（011531）位居第 三大流通股东，持股1236.40万股，相比上期减少158.95万股。朱雀产业臻选A（007493）位居第五大流 通股东，持股956.62万股，相比上期减少121.68万股。朱雀企业优选A（010141）位居第七大流通股 东，持股791.58万股，相比上期减少56.45万股。朱雀企业优胜A（008294）位居第九大流通股东，持股 522.12万股，为新进股东。朱雀匠心一年持有（010922）位居第十大流通股东，持股496.62万股，为新 进股东。摩根新兴动力混合A类 ...

板块题材方面，医药商业、福建、海南自贸区、旅游及酒店、AI手机、房地产、煤炭开采加工板块涨幅居前；能源金属、 游戏、教育、电池、稀土永磁、影视院线板块跌幅居前。 盘面上，AI手机概念股延续活跃，道明光学4连板，福蓉科技2连板。医药商业板块盘中拉升，海王生物5连板，人民同泰 涨停。福建本地股震荡走高，嘉戎技术、招标股份、平潭发展、榕基软件等股封板。此外，房地产、冰雪产业、煤炭等板块盘 中轮动。另一方面，电池材料方向多数调整，石大胜华、天际股份、海科新源、华盛锂电、天赐材料纷纷下跌。影视院线板块 同样回吐昨日部分涨幅，幸福蓝海、上海电影、中国电影跌幅居前。 三大指数早盘集体下跌，截至午盘，上证指数跌0.55%，深成指跌0.77%，创业板指跌0.88%，北证50跌0.29%。沪深京三 市半日成交额10560亿元，较上日缩量1807亿元。全市场超3900只个股下跌。 ...

Core Viewpoint - The company, Shenzhen Overseas Chinese Town Holdings Co., Ltd. (华侨城A), is experiencing fluctuations in its stock performance and has significant involvement in the tourism and real estate sectors, with a focus on cultural tourism and themed projects [1][7]. Company Overview - Shenzhen Overseas Chinese Town Holdings Co., Ltd. was established on September 2, 1997, and listed on September 10, 1997. The company primarily operates in tourism, real estate, and paper packaging, with tourism contributing 72.15% and real estate 27.18% to its revenue [7]. - As of November 20, 2023, the company had 108,200 shareholders, an increase of 5.43% from the previous period, with an average of 63,740 circulating shares per person, a decrease of 5.15% [8]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 17.025 billion yuan, a year-on-year decrease of 41.95%, and a net profit attributable to shareholders of -4.367 billion yuan, down 85.76% year-on-year [8]. - The company has distributed a total of 16.503 billion yuan in dividends since its listing, but has not issued any dividends in the past three years [9]. Business Segments - The company manages 316 property projects with a total management area of 46.8 million square meters across 56 cities in China as of the end of 2022 [2]. - The main products include theme parks, hotels, cultural and commercial tourism complexes, natural and cultural scenic spots, travel services, and various community developments [3][7]. Recent Developments - The company has integrated indoor ice and snow venues into some of its theme parks, such as the "Alpine Snow World" at Shenzhen Window of the World, which was upgraded in 2020 [3][4]. - The company holds a 60% stake in Huachao City Zhuozhou Cultural Tourism Development Co., Ltd., which focuses on cultural tourism and themed town projects [2].

Core Insights - The winter sports season in China has officially begun, with many ski resorts opening earlier than usual, indicating a strong demand for winter sports activities [1] - The ice and snow sports industry in China is projected to reach a total scale of 970 billion yuan in 2024, with a year-on-year growth of approximately 9%, and is expected to surpass 1 trillion yuan by 2025 [1] Industry Growth - There are currently over 14,000 ice and snow sports-related enterprises in China, with approximately 2,100 new registrations in 2025, reflecting a growing interest in the sector [2] - The registration of ice and snow sports enterprises has shown a consistent upward trend over the past five years, peaking in 2024 [2] Regional Distribution - The highest number of ice and snow sports enterprises is found in Beijing, Hebei, and Shandong, with over 1,200, 1,200, and 1,100 enterprises respectively, indicating a concentration of industry activity in these regions [4] - Guangdong is the only southern province in the top ten, with over 1,000 related enterprises, showcasing a balanced development between northern and southern regions [4] Investment Landscape - New enterprises in the ice and snow sports sector are often led by management teams with extensive industry experience, injecting new vitality into the industry [2] - The investment landscape is diverse, with both professional investment institutions and cross-industry capital entering the market [2]

Core Viewpoint - Xiyu Tourism's stock price has shown fluctuations, with a recent increase of 2.00% and a year-to-date increase of 3.81%, despite a decline over the past 60 days [1][2]. Financial Performance - For the period from January to September 2025, Xiyu Tourism achieved operating revenue of 286 million yuan, representing 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 [2]. - 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 [3]. Shareholder Information - As of November 20, 2025, the number of shareholders for Xiyu Tourism was 26,700, a decrease of 7.65% from the previous period. The average circulating shares per person increased by 8.28% to 5,812 shares [2]. - Notable changes in institutional holdings include an increase in shares held by the Fortune China Securities Tourism Theme ETF, which now holds 1.8567 million shares, and the entry of Hong Kong Central Clearing Limited as a new shareholder with 982,100 shares [3]. Business Overview - Xiyu Tourism, established on January 18, 2001, and listed on August 6, 2020, is primarily engaged in the development and operation of tourism resources. Its main business segments include tourism passenger transport (64.81%), cableway transportation (13.16%), and sightseeing boat services (11.36%) [2]. - The company operates within the social services sector, specifically in tourism and scenic areas, and is associated with concepts such as low-altitude economy, state-owned enterprise reform, and Xinjiang revitalization [2].

Core Viewpoint - The stock price of Xue Ren Group has experienced significant fluctuations, with a year-to-date increase of 95.18%, but a recent decline of 7.15% over the past five trading days [1] Company Overview - Xue Ren Group, established on March 9, 2000, and listed on December 5, 2011, is located in Fuzhou, Fujian Province. The company specializes in ice-making equipment and systems, including research, production, and sales of ice-making, storage, and delivery equipment [2] - The main revenue sources for Xue Ren Group are: 70.80% from product sales, 23.22% from technical services, 5.56% from engineering construction, and 0.41% from other businesses [2] - The company operates in the mechanical equipment sector, specifically in general equipment and refrigeration and air conditioning equipment [2] Financial Performance - For the period from January to September 2025, Xue Ren Group achieved a revenue of 1.631 billion yuan, representing a year-on-year growth of 24.26%. The net profit attributable to the parent company was 39.1652 million yuan, with a year-on-year increase of 16.63% [2] - The company has distributed a total of 74.4204 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders of Xue Ren Group was 132,800, an increase of 1.30% from the previous period. The average circulating shares per person decreased by 1.28% to 4,900 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 8.3623 million shares, a decrease of 6.0106 million shares from the previous period [3] Market Activity - On November 27, Xue Ren Group's stock price fell by 2.05%, trading at 13.37 yuan per share with a total transaction volume of 815 million yuan and a turnover rate of 9.28%. The total market capitalization is 10.33 billion yuan [1] - The net outflow of main funds was 71.8973 million yuan, with large orders accounting for 15.09% of total purchases and 22.56% of total sales [1] - The stock has appeared on the daily trading list 27 times this year, with the most recent occurrence on November 19, where it recorded a net buy of -94.4152 million yuan [1]

Core Points - The stock price of Xue Ren Group dropped by 2.03% on November 26, trading at 13.99 CNY per share with a total market capitalization of 10.809 billion CNY [1] - The company has seen a year-to-date stock price increase of 104.23%, but a recent decline of 10.61% over the past five trading days [1] - Xue Ren Group's main business includes ice-making equipment and systems, with revenue composition of 70.80% from product sales, 23.22% from technical services, and 5.56% from engineering construction [2] Financial Performance - For the period from January to September 2025, Xue Ren Group achieved operating revenue of 1.631 billion CNY, representing a year-on-year growth of 24.26%, and a net profit attributable to shareholders of 39.1652 million CNY, up 16.63% year-on-year [2] - The company has cumulatively distributed dividends of 74.4204 million CNY since its A-share listing, with no dividends distributed in the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 1.30% to 132,800, with an average of 4,900 circulating shares per person, a decrease of 1.28% [2] - Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 8.3623 million shares, down by 6.0106 million shares from the previous period [3]

Core Viewpoint - The stock of China Overseas Chinese Town A (华侨城A) has shown fluctuations in trading activity, with a recent increase in share price and notable changes in shareholder composition, despite a significant decline in revenue and profit for the year [1][2]. Financial Performance - For the period from January to September 2025, China Overseas Chinese Town A reported revenue of 17.025 billion yuan, a year-on-year decrease of 41.95% [2]. - The company experienced a net loss attributable to shareholders of 4.367 billion yuan, representing an 85.76% decline compared to the previous year [2]. Stock Performance - As of November 25, the stock price of China Overseas Chinese Town A increased by 2.26%, reaching 2.72 yuan per share, with a trading volume of 166 million yuan and a turnover rate of 0.90% [1]. - Year-to-date, the stock has risen by 1.87%, with a 12.86% increase over the past 20 days and a 12.40% increase over the past 60 days [1]. Shareholder Composition - As of October 20, the number of shareholders for China Overseas Chinese Town A decreased to 103,300, a reduction of 2.38% [2]. - The top ten circulating shareholders include notable entities such as the Fortune China Tourism Theme ETF and Hong Kong Central Clearing Limited, with significant increases in their holdings [3]. Dividend History - Since its listing, China Overseas Chinese Town A has distributed a total of 16.503 billion yuan in dividends, but there have been no dividend payouts in the last three years [3].