Core Insights - The night economy is not merely a shift of daytime activities to nighttime but an extension of urban functions and services, responding comprehensively to new consumer demands [1][2] - Local cultural characteristics play a crucial role in activating the unique vitality of the night economy, leading to the emergence of new consumption formats that enhance consumer experience [1] Summary by Sections Night Economy Development - The night economy in cities like Nanjing and Yangzhou is characterized by a vibrant atmosphere, driven by tourists' pursuit of emotions, culture, belonging, and novelty [1] - Successful night economy initiatives combine local cultural heritage with modern experiences, such as night tours along the ancient Grand Canal in Yangzhou and traditional paper-cutting art in Nanjing [1] Consumer Engagement - The integration of local culture into night economy offerings is essential for creating deeper and more meaningful consumer experiences, which in turn stimulates economic growth [1] - The presence of 24-hour businesses, such as breakfast shops, reflects the ongoing vibrancy and appeal of the night economy, contributing to a warm atmosphere for visitors [2]

以新供给引领新需求、以新需求牵引新消费。 结合江苏当地的资源禀赋，发展夜间经济不仅能满足外来游客和本地居民个性化、多样化需求，还 有助于释放消费市场潜力、提升城市活力、促进经济发展，让城市夜晚"亮"起来、人气"聚"起来、财 气"旺"起来。 摊位多、人流密、消费旺，是记者这一次来到江苏最直观的感受。白天的喧嚣并未在夜晚散去，而 是变得更为多彩生动。 此次采访恰逢暑期，正是旅游旺季，也让夜晚的街巷、码头呈现"人从众"的场面。一艘接一艘的游 船画舫从南京秦淮河边、扬州大运河便益门码头驶出，载着游客的期待奔赴千年盛景。在售票处前、在 游船码头，等待的人群挤满了廊檐与石阶。 日与夜的"无缝衔接"激活全天候的消费需求，新与旧的"交融共生"也在持续拓展着供给边界。供需 两端一起加力，让消费市场在守正与创新中不断升级。 责任编辑：韩胜杰 对于依水而生、因水而兴的城市，"夜游"无疑是其中最为亮眼的板块，也是新供给、新消费重点挖 掘的"蓝海"。 去年才正式运营的全国首个全景式、大型沉浸演艺古运河夜游项目——"大运扬州"，就是扬州夜间 重点发展的文旅消费项目，它将古代漕运盛景与现代光影技术相融合，让千年运河在夜色中焕发出新的 生命 ...

"在未来的两个月中，我们还会在青浦、普陀、徐汇、虹口等地和上海300多个重点餐饮企业，举办 上海小吃节分会场活动，将'好吃不贵'进行到底。"小吃节主办方，上海市商业联合会常务副会长、秘 书长吴星宝说。 夜市越夜越精彩，大商厦也按捺不住，争相拿出真金白银，助推市民游客的夜食、夜购和夜娱。自 8月22日至9月7日，百联集团拟发放千万元级别的夜间消费券——夜购百联代金券。每天9时市民可在i 百联App平台或云闪付App平台（先点击"政府消费券"栏目，再点击"U惠魔都"进入"i百联"）限量领 券，每天18时至次日7时，在联华、百联股份、第一医药、三联等旗下直营门店线上线下均可使用。线 下门店打烊后，可在线上i百联买买买。 此外，南京路步行街上的第一百货商业中心开辟专属夜间通道，多家餐饮商户营业时间延长至次日 2时，并在商场8楼天台打造夜市酒吧，结合酒吧互动游戏、驻唱歌手、限定特调，打造微醺社交平台， 吸引年轻客群夜间消费；新世界城中庭有一条高达51.28米的攀岩道，暑假以来一直是夜游的热门地， 记者从新世界城获悉，即日起至8月31日，20时后，购买门票享买一送一特别优惠。 记者 吴卫群 昨晚，暑热未消，地处奉贤新城的 ...

宜昌伍家岗40余场主题活动激发消费热 超百万人次共赴"伍家夜宴" 8月22日晚，"伍家夜宴"活动现场人头攒动。（湖北日报全媒记者 夏晓君 摄） 据悉，这场持续3天的消费盛宴汇聚43家美食摊位、六大汽车品牌及多家农产品展商，通过"线上＋线 下"双轮驱动，进一步释放夜间经济活力。"伍家夜宴"是宜昌市重点打造的夜间经济品牌，此前四季累 计吸引游客超百万人次。 本次第五季活动延续"政府引导、市场运作、社会参与"模式，推出台湾味道、中南YEAH市、雪花啤酒 三大主题专区，并设置汽车科技展区、助农公益展销专区，同步开展电音潮玩、啤酒挑战赛等互动项 目，为市民提供集美食、娱乐、科技于一体的消费体验。 今年以来，伍家岗区以"政策 活动 场景"三位一体模式持续激发市场活力。5月，第三届宜昌肥鱼美食嘉 年华3天吸引客流19万人次，带动商圈消费超300万元；同月举办的汽车消费季活动，在省、市、区三级 补贴叠加下，7天售车816辆，销售额达1.2亿元。 据统计，今年1月至7月，伍家岗区社会消费品零售总额完成154.28亿元，增幅7%。政策精准滴灌、活 动四季接力、场景跨界融合，成为伍家岗区促消费的鲜明特色。伍家岗区商务局负责人介绍， ...

椒麻鸡、馕坑肉、油糕、炒米粉……走进2025新疆舌尖上的丝绸之路美食节会场，各色美食香气四溢， 仿佛一场味蕾的狂欢。万人免费吃、无人机送餐、民间技艺展演等活动，让会场人头攒动的同时，也让 不少食客大快朵颐。 8月16日，"2025新疆舌尖上的丝绸之路美食节暨昌吉州美食文化旅游节"开幕，这场以美食为媒、文化 为魂、旅游为体的盛会，通过品美食、促交流、话合作，已成为展示新疆丝绸之路美食风采和民俗魅 力，深化与共建"一带一路"国家和地区交流合作的舞台。 美食节期间，新疆的特色餐饮企业摩拳擦掌，纷纷展示看家美食。新疆楼兰秘烤在展台上提供免费烤 肉，吸引了众多消费者前去品尝。新疆楼兰秘烤餐饮管理有限公司运营总监杨明利告诉记者，美食节是 展示新疆美食的窗口，作为新疆的"网红餐厅"，来参加美食节，主要是为了让更多人了解新疆美 食。"我们也希望更多的餐饮企业集聚起来，做好美食经济。"杨明利说。 除了特色美食品鉴，美食节期间，农副产品展销也吸引了不少市民和游客前来，番茄、粮油、葡萄酒、 鹰嘴豆、乳制品、肉制品等琳琅满目。 一家速食包装的手工拉条子展台上，不少消费者竞相购买。展台负责人张治国介绍，这是他们第三次参 加美食节，带了 ...

Core Viewpoint - The report highlights the financial performance and strategic focus of Beijing New Space Technology Co., Ltd. for the first half of 2025, emphasizing the challenges faced in the night economy and smart city sectors, alongside efforts to improve cash flow and manage receivables effectively [1][3][8]. Financial Performance - The company reported a revenue of CNY 143.62 million for the first half of 2025, a decrease of 10.95% compared to CNY 161.29 million in the same period of 2024 [2][8]. - The total profit for the period was a loss of CNY 66.97 million, an improvement from a loss of CNY 82.48 million in the previous year [2][8]. - The net cash flow from operating activities increased significantly to CNY 79.70 million, up 196.98% from CNY 26.84 million in the previous year [2][8]. Business Overview - The company focuses on two main sectors: night economy and smart city development, aiming to enhance urban public infrastructure and promote nighttime tourism [3][4]. - In the night economy sector, the company has established itself as a leading service provider, integrating landscape lighting and cultural tourism [3][4]. - The smart city initiatives include the development of smart streetlights and smart parking solutions, aimed at improving urban efficiency and public service levels [4][5]. Industry Context - The night economy sector is experiencing increased competition, with various local governments implementing policies to stimulate nighttime cultural and tourism activities [6][9]. - The smart city sector is transitioning towards a more integrated development model, with a focus on digital infrastructure and innovative solutions to urban challenges [6][7]. - The report indicates a growing demand for comprehensive solutions in both sectors, driven by consumer preferences and government initiatives [6][7]. Strategic Initiatives - The company is actively managing receivables and optimizing cash flow to address the challenges posed by delayed payments from government clients [9][10]. - The successful launch of the "Guangan Night City" project demonstrates the company's capability in delivering immersive cultural experiences, attracting significant visitor numbers [9][10]. - The company is enhancing its governance and internal control systems to improve operational efficiency and compliance [10][11]. Competitive Advantages - The company has established a strong brand reputation through its involvement in major national events, showcasing its project management capabilities [11][12]. - A collaborative approach across various regions and business lines enhances market competitiveness and operational efficiency [11][12]. - The company invests in technology and innovation, developing proprietary solutions that integrate advanced lighting technologies with cultural elements [12][13].

Core Insights - The central economic work conference has prioritized "expanding domestic demand" as the primary task for 2025, leading to the implementation of new policies to boost consumption in Shenzhen and Hong Kong [1] - The establishment of a comprehensive cross-border consumption service chain in the Futian area aims to enhance consumer experience and promote deep integration between Shenzhen and Hong Kong [1][4] Policy and Implementation - The Ministry of Commerce and other departments have issued a notice to optimize the departure tax refund policy, which is expected to stimulate inbound consumption [1][4] - Futian District has introduced 39 innovative measures to boost consumption, including the establishment of the first departure tax refund point at the Futian port [1][4] Tax Refund System - The newly established departure tax refund point has processed 2,299 transactions worth 23.11 million yuan, with a total tax refund amount of 2.87 million yuan in its first month of operation [4] - The tax refund business has shown a weekly increase, with peak daily transactions exceeding 150 during the summer [4] Service Enhancements - Futian has launched a "Four Ones" initiative to enhance service offerings, including a cultural guide and the development of a cross-border consumption theme route [5] - The introduction of an "immediate refund" service at COCO Park has significantly improved efficiency, reducing the traditional refund process from 3-7 days to minutes [6] Night Economy Development - Futian is focusing on enhancing the night economy by implementing a governance model that integrates technology and community engagement [8] - Nighttime dining orders have increased by 15%, and hotel occupancy rates have risen by nearly 20% [8] Future Plans - Futian aims to deepen the "tax refund service+" system and implement three major actions to enhance cross-border consumption, including improving tax refund terminals and establishing a rapid response mechanism for consumer disputes [9] - The district plans to create an international consumption corridor that integrates shopping, cultural experiences, and digital consumption [9]

Core Viewpoint - The night markets in Rizhao are becoming a new cultural and tourism consumption highlight, showcasing vibrant night-time economic activities through diverse food offerings and entertainment options [3][4][5] Group 1: Night Market Features - The Xingye University Town night market is characterized by a lively atmosphere with various food stalls, including fresh grilled oysters and other local delicacies, attracting a significant number of visitors [3][4] - The Shanhaitian University Town box dynamic street offers not only food but also family-friendly entertainment and live music, enhancing the overall experience for visitors [4] Group 2: Government Support and Initiatives - Rizhao city has implemented a series of measures to support the development of the night economy, including simplifying safety permits for large events and optimizing traffic organization in commercial areas [5] - The introduction of a "night economy manager" to coordinate security and sanitation efforts, along with the establishment of shared parking spaces, has improved operational efficiency and consumer convenience [5]

Group 1 - The core viewpoint is that Yinchuan City is leveraging industrial structure upgrades and innovative consumption scenarios to create a new development pattern that deeply integrates commerce, culture, tourism, and sports [1][4] - The recent inclusion of Xixia Tombs in the "World Cultural Heritage List" has significantly increased its popularity, with a visitor increase of 280% [1] - The "2025 Lanshan Music Season" has driven a more than 30% increase in foot traffic to key commercial areas, demonstrating the effectiveness of the "one stage activating all tourism" model [1][5] Group 2 - Yinchuan Cultural Tourism Group is focusing on systematic integration of cultural tourism resources and completing state-owned enterprise reform tasks, including the transfer of equity in Xinhua Bookstore and the merger of a print company [4] - Infrastructure upgrades at Lanshan Park and the introduction of VR experiences at Xixia Tombs are setting benchmarks for the transformation of cultural heritage sites [4] - The "concert economy" has become a key growth driver, with major events attracting over 100,000 attendees, 41% of whom are from outside the region [5][9] Group 3 - Innovative projects like the "Sunrise Appointment" and immersive experiences are being developed to meet the trend of consumption upgrades, alongside the creation of over 300 unique cultural products [9] - The exhibition economy has shown significant results, with successful events like the Brussels International Wine Competition [9] - The Yinchuan Cultural Tourism Group plans to continue focusing on dual drivers of "functional restructuring" and "resource structural upgrades" to enhance product supply and deepen brand IP development [9]

Group 1 - The article highlights the revitalization of night tourism across various Chinese cities, showcasing unique cultural experiences and increased visitor numbers [2][4][17] - Tianjin's Haihe River night cruise has attracted over 330,000 visitors this summer, integrating traditional cultural performances to enhance the immersive experience [4] - In Shandong's Tai'erzhuang, the number of visitors increased by 35% in July, driven by vibrant night performances and cultural activities [7] Group 2 - Fuzhou has focused on enriching its night economy by introducing new business formats, resulting in over 3.42 million visitors since July [8][10] - Huangshan's night tourism has seen an 8.79% increase in visitor numbers and an 8.98% rise in total spending, thanks to the promotion of traditional fish lanterns [10][12] - In Hubei's Xuan'en, daily visitor numbers exceeded 50,000 during the summer peak, fueled by cultural events along the Gongshui River [14] Group 3 - Yangzhou's night scenery upgrades have led to a 65% year-on-year increase in visitors to the "Great Canal" boat performances, with revenue from night tours reaching nearly 300 million yuan [15][17] - Changsha has emerged as a popular night tourism destination, with 97.4 million visitors and total spending of 103.7 billion yuan in the first half of 2025, where night consumption accounts for 60% of total spending [18][29] - The integration of traditional and modern experiences in Changsha's old commercial districts has revitalized the area, attracting new consumer demographics [30][40] Group 4 - Xi'an has launched a series of cultural and tourism activities, distributing 20 million yuan in consumption vouchers, which has led to a 12% increase in revenue from immersive experiences this summer [52][60] - The focus on deep cultural engagement and interactive experiences has resulted in an average of 8,000 daily visitors in Xi'an, reflecting a shift in tourist preferences towards more meaningful interactions [58][60]