Core Insights - Shanghai's total consumption from February 15 to 22 reached 60.35 billion yuan, a year-on-year increase of 12.8% [1] - Offline consumption accounted for 36.55 billion yuan, growing by 15.4%, while online consumption was 23.8 billion yuan, up by 8.9% [1] - The tourism sector saw 21.67 million visitors during the Spring Festival, with total tourism spending of 25.614 billion yuan, marking a 20.9% increase [1] Consumption Trends - Major shopping districts in Shanghai integrated resources to create a festive atmosphere, with 19 city-level shopping areas generating 4.78 billion yuan, a 12% increase [3] - Daily foot traffic averaged 3.19 million, up by 15.8% [3] - Specific shopping areas like Nanjing East Road and Huaihai Middle Road saw sales increases of 30% and 23.7% respectively [3] Dining and Retail Performance - Restaurant consumption during the Spring Festival increased by 15.2%, with many merchants reporting significant sales growth [4] - The "old for new" policy led to 299 million yuan in sales for home appliances and digital products [4] - Car purchase subsidies attracted 13,000 participants, with individual subsidies ranging from 3,000 to 20,000 yuan [4] Consumer Voucher Impact - Over 110 million yuan in consumer vouchers were issued, generating over 500 million yuan in retail and dining sales [5] - The redemption rate exceeded 80%, with some districts achieving even higher leverage ratios [5] Travel and Tourism Dynamics - The trend of "reverse Spring Festival" saw many families visiting Shanghai, contributing to a 5.4% increase in spending from outside visitors [7] - Shanghai's international appeal was highlighted by a 1.5-fold increase in tax refund sales for foreign tourists [7] - The city launched over 130 themed travel routes, attracting tourists from various countries [7] Technological Integration in Tourism - AI technology was incorporated into traditional customs, enhancing the experience at events like the Yuyuan Garden Lantern Festival [9] - Robots participated in interactive activities, providing a unique blend of tradition and technology for visitors [9]

2026年2月12日，文旅产业数字化服务商"中科数能(杭州)科技有限公司"(以下简称"中科数能")今日正式 宣布完成A轮融资，融资金额5000万元人民币。本轮融资将主要用于旗下核心产品"智旅云脑"AI文旅生 态系统的迭代研发、三大设备矩阵的规模化量产，以及全球化市场的战略布局。这标志着这家成立近四 年的科技企业，正式从共享游乐设备运营商，向"AI文旅生态赋能平台"全面迈进。 当一台AI拍摄机不仅能打印纪念报，还能根据网络热点自动生成专属头条，并根据景区IP进行个性化排 版——这背后的驱动力绝非单机算力，而是一整套"生长型"的智能中枢。 中科数能本轮发布的全新战略显示，公司已构建起以"智旅云脑"生态系统为核心的技术护城河。该系统 并非传统的设备管理后台，而是由AI内容生成引擎、云端素材库、全域运营管理系统、游客资产数字 化平台、ALOT平台、五大核心层组成的"AI文旅操作系统"。 在传统文旅场景中，二次消费长期陷于"产品同质、体验浅层、数据孤岛"的困局。中科数能创始人、执 行董事曹宁波表示："单一设备解决不了文旅的真正痛点。只有让设备拥有'大脑'和'神经网络'，才能实 现体验的自生长、运营的可视化、消费的可延续 ...

Group 1 - The company experienced a visitor increase of approximately 10% and a revenue growth of about 13% during the holiday period from May 1 to 4, attributed to proactive measures in production, tourism safety, and service quality [1] - Various innovative activities were launched across different scenic spots, such as the "Light Boat Tour" and "National Trend Music Festival," which contributed to attracting a large number of tourists [1] - The company opened a new cultural and creative project in collaboration with the "Shangxinle·Forbidden City" team, marking a new model for local cultural tourism development [1] Group 2 - The company initiated a brand declaration action in collaboration with various tourism associations, focusing on quality service as a product and building a quality service matrix [2] - The company aims to leverage the opportunity of building a world-class city in Guilin to establish a new development framework, proposing a strategy of "one core, one optimization, two wings, and three expansions" [2] - The company plans to enhance its marketing efforts in new media and develop a full industry chain in cultural tourism [2] Group 3 - By 2025, the company intends to drive high-quality development through innovation, focusing on preserving existing resources, expanding new ones, and optimizing underperforming assets [3] - The company will utilize AI technology to create new tourism experiences and develop a product matrix centered around leisure and deep experiences [3] - Plans include exploring new tourism consumption avenues and integrating various resources to create a comprehensive poetic living complex [3] Group 4 - On May 7, the company held a conference call with seven institutions to discuss its operational achievements during the holiday and future development strategies, reinforcing confidence in its high-quality growth [5]

Group 1: Company Performance - During the May 1-4, 2025 Golden Week, the company received approximately 10% more visitors year-on-year, with revenue increasing by about 13% [1] Group 2: Development Strategy - The company aims to establish Guilin as a world-class tourist city, focusing on "stock optimization, problem resolution, incremental enhancement, and capital empowerment" as the main line of its strategy [1] - The strategic framework includes one core (strengthening the main cultural tourism business), one optimization (optimizing asset structure), two wings (empowering with digital tourism technology and enhancing capital operations), and three expansions (increasing new project investments, expanding cultural tourism new formats, and promoting brand output) [1] Group 3: Key Initiatives for 2025 - The company plans to implement three major measures: "preserving stock, expanding increment, and shedding burdens" to drive high-quality development [2] - Preserving stock involves leveraging AI to enhance tourism experiences, such as the "AI Tour Guilin" platform and virtual tour guides [2] - Expanding increment includes exploring new tourism consumption models and developing the "Great Li River" central scenic area [2] - Shedding burdens focuses on optimizing and revitalizing underperforming assets through tailored strategies [2] Group 4: Low-altitude Project Progress - In January 2025, the company signed a strategic cooperation framework agreement with Guangxi Beitou Low-altitude Economic Investment Co., marking a step towards accelerating the layout of low-altitude economic projects [2] Group 5: Collaboration and Improvement - The company welcomes industry institutions to provide effective measures for improving its fundamentals and invites participation in actions aimed at enhancing its operational performance [2]

Strategic Initiatives - The "One Core, One Advantage, Two Wings, Three Expansions" strategy focuses on optimizing existing resources and enhancing new growth areas, including AI tourism and low-altitude economy [1] - Specific measures for resource optimization include leveraging AI for new tourism experiences, developing unique cultural products, and collaborating with innovative teams for customized tourism services [1][2] - New growth initiatives involve exploring low-altitude tourism, creating a central scenic area around the Li River, and integrating various tourism resources for a comprehensive experience [2] Performance Improvement Measures - In 2025, the company plans to enhance performance by optimizing non-performing assets, promoting internal growth, and expanding through project development [2] - The company aims to increase its market share in inbound tourism by participating in international promotional activities and improving service quality [2][3] Financial Challenges - Since 2020, the company has faced cumulative losses of nearly 1 billion yuan due to factors such as restricted personnel movement and significant declines in visitor numbers [3] - The 2024 losses were attributed to intensified market competition, natural disasters, reduced investment income, and asset impairment provisions [3] Project Developments - The low-altitude tourism project is progressing, with a strategic cooperation agreement signed in January 2025, and discussions ongoing with partners regarding project details [4] - Cultural projects in collaboration with creative teams are expected to launch soon, enhancing the tourism experience [4] Holiday Preparations - For the upcoming May Day holiday, the company has planned various interactive activities across its scenic spots to enhance visitor experiences [5] - Specific initiatives include themed events, VIP services, and family-friendly activities to attract diverse visitor demographics [5] Service Quality and Brand Image - The company is addressing recent public concerns about service quality by implementing a brand commitment action plan focused on service improvement and accountability [6] - Innovations in service delivery include the integration of AI technology to enhance the tourism experience and the development of high-end customized services [6]