Group 1 - The company announced an additional temporary proposal for the 2024 annual general meeting, which was submitted by a shareholder holding 12.68% of the shares, Tibet Guofeng Cultural Development Co., Ltd. [1] - The temporary proposal involves extending the performance of certain operational commitments related to the company [1][4]. - The original agenda for the shareholders' meeting, announced on May 31, 2025, remains unchanged aside from the addition of the temporary proposal [1]. Group 2 - The annual general meeting is scheduled for June 24, 2025, at 9:30 AM, to be held at the Silk Road International Art Exchange Center in Langfang, Hebei Province [2]. - Shareholders can participate in network voting through the Shanghai Stock Exchange's system on the same day, with specific voting time slots provided [2]. - The equity registration date for the shareholders' meeting remains unchanged [2].

曾经的电影票根、演唱会入场券等票根现在可以用于享受景点、酒店、餐饮等优惠。 曾经的电影票根、高铁票、演唱会入场券，撕下副券后就失去了任何消费价值，而现在，凭借这些票根，消费者可享景点、酒店、餐饮等优惠。上海国际电 影节开幕在即，在本次电影节期间，"票根经济"成为一大看点。"票根经济"正在商旅文体展领域发展起来，一种很新的消费逻辑正在展开。 第一财经在上海乍浦路看到，这里保留了电影《酱园弄·悬案》拍摄时老街的场景，除了海报之外，还有裁缝铺和一些餐厅，也都依照电影中的场景与年代 感保留了下来，而这些店铺目前都在经营着。 其中有一家本帮风格的面馆"椿方圆"，第一财经记者走进这家面馆，看到玻璃桌面下放置着不少电影《酱园弄·悬案》的剧组人员与演员合影，而其中一位 剧组人员就是正在收银台工作的老板虞先生。 "一票多享"新模式 "我原本就在电影《酱园弄·悬案》的制片组工作，也见证了电影的拍摄过程，我自己也很期待电影的上映。电影拍完后，这条老街保留了下来，也进行了招 商，我就开始经营这家面馆。很多打卡的客人来到这里。我们也注意到了上海国际电影节，现在都讲究'票根经济'，我们也希望可以参与其中，在这条街上 还有不少餐饮以及附近 ...

Group 1: Industrial Production - Industrial production remains stable, with a slight year-on-year decrease in blast furnace operating rates by 0.2 percentage points to 2.1% [2][5] - The chemical chain shows resilience, with soda ash operating rates increasing by 2.7 percentage points, while PTA and polyester filament operating rates are stable compared to the previous week [2][15] - The automotive semi-steel tire operating rate has significantly decreased, down 4.4 percentage points to 6.7% year-on-year [2][15] Group 2: Construction Industry - The construction industry is experiencing weak performance, with a slight year-on-year decline in grinding operating rates by 0.1 percentage points to 1.9% [2][25] - Cement shipment rates have increased by 3.2 percentage points year-on-year, while asphalt operating rates have slightly risen by 0.8 percentage points to 4.3% [2][25] Group 3: Downstream Demand - New housing transactions have sharply declined, with average daily transaction area falling by 28.2% year-on-year [2][47] - Rail freight volume related to domestic demand has decreased by 2.4% year-on-year, while port cargo throughput and container throughput have also seen significant declines of 4% and 10.9% respectively [2][58] - The CCFI composite index has rebounded significantly, increasing by 3.3% month-on-month, with the West America route seeing a notable price increase of 9.6% [2][77] Group 4: Price Trends - Agricultural product prices are showing divergence, with pork and egg prices decreasing by 0.3% and 0.9% respectively, while vegetable and fruit prices have increased by 1.1% each [3][89] - The South China industrial product price index has decreased by 0.2% month-on-month, with energy and chemical prices down by 0.4% and metal prices down by 0.1% [3][100]

Core Viewpoint - The company plans to increase the estimated amount for daily related transactions in 2025 by 22 million yuan, which has been approved by the board of directors without the need for shareholder meeting approval [2][3]. Group 1: Daily Related Transactions Overview - The total estimated amount for daily related transactions between the company and its affiliates for 2025 is set at 197.2 million yuan, with the increase of 22 million yuan primarily for ticket sales and related services [3][4]. - The board meeting on June 12, 2025, approved the increase with unanimous consent, and related directors recused themselves from the vote [3][4]. Group 2: Related Party Information - Nanjing Tourism Group Co., Ltd. is the controlling shareholder of the company, established in 1996 with a registered capital of approximately 1.38 billion yuan [7][8]. - Nanjing Mochou Travel Agency Co., Ltd., a subsidiary of the controlling shareholder, was established in 2018 with a registered capital of 5 million yuan [9][10]. Group 3: Pricing Principles and Transaction Impact - The pricing for the transactions follows market standards and is deemed fair and reasonable, aligning with non-related party transactions [10]. - The daily related transactions are essential for the company's operational needs, enhancing resource utilization and overall competitiveness without compromising the company's independence or shareholder interests [11].

Core Insights - China is expanding its visa-free policy and implementing new tax refund measures, which are driving a surge in inbound tourism and international consumer spending [1][4] - The integration of culture and tourism is showing strong momentum, with traditional products and local brands gaining global recognition [1][7] - China is transitioning from being the "world's factory" to a "global consumption center," reflecting its market attractiveness and contributing to economic globalization [1][6] Group 1: Inbound Tourism Growth - The number of foreign visitors entering China has significantly increased, with 64.88 million entries recorded in 2024, a year-on-year rise of 82.9% [4] - Visa-free policies have led to a 112.3% increase in foreign visitors utilizing these policies, with 3.8 million entering under visa exemptions during the recent holiday [4][6] - The Chinese government is actively promoting policies to enhance the inbound tourism experience, including the introduction of the "immediate purchase and refund" tax policy [3][4] Group 2: Consumer Behavior and Shopping Trends - International tourists are engaging in extensive shopping, with notable increases in visitor numbers at popular retail locations, such as a 15% rise in customers at a major supermarket in Shanghai [2][4] - The "immediate purchase and refund" tax policy has encouraged tourists to spend more, as they perceive it as a discount on their purchases [2][3] - Tourists are increasingly sharing their shopping experiences on social media, influencing others to visit China for its diverse and affordable products [2][7] Group 3: Cultural Exchange and Branding - Influencers and content creators are playing a crucial role in reshaping the global perception of China, showcasing its culture and attractions through various media platforms [1][7] - The Chinese tourism brand is evolving, with a focus on enhancing cultural experiences and promoting local heritage to attract more visitors [7][8] - Experts suggest that improving service offerings and leveraging technology, such as AI, can enhance the travel experience for international tourists [8][7]

Group 1: Company Performance and Strategy - The company aims to enhance its intrinsic value and market investment value through compliant operations, careful management, capital operations, and value communication [2] - As of June 10, 2025, the number of shareholders is 31,009 [3] - The company has experienced a significant decline in revenue since the restructuring, but the profit contribution from tourism and transportation has increased compared to before the restructuring [3] Group 2: Investment and Collaboration - The company is currently involved in business cooperation with the Shennongjia scenic area, including transportation services during peak tourist seasons [2] - For any external investments and mergers, the company advises to refer to formal announcements through legal information disclosure channels [3] Group 3: Future Projects and Developments - The company is preparing for the opening of its elderly care project, which is currently in the pre-opening phase [3] - The "Chufeng" immersive theater project is in trial operation, with plans for further refinement based on visitor feedback [3] - The company has invested nearly 100 billion in the new Three Gorges waterway project over ten years, which is expected to boost future performance [4] Group 4: Marketing and Public Relations - The company regularly organizes promotional activities involving domestic influencers to enhance product visibility [4] - The dividend plan approved at the shareholders' meeting will be implemented within two months after the 2024 annual shareholders' meeting [4]

Group 1 - The article highlights the surge in graduation travel following the end of the college entrance examination, with many students opting for early summer trips to destinations like Hainan, which has introduced various promotional offers to attract this demographic [2][3] - Data from travel platforms indicate a significant increase in long-distance and themed travel for graduation trips, with flight bookings for long-distance travel rising by 35% year-on-year, and hotel bookings in Sanya and Haikou showing notable growth [2] - The trend of "1+1" travel, where one student travels with one parent, has emerged, with a 137% year-on-year increase in booking activity during the gap between exam results and college application submissions [2][3] Group 2 - Hainan's tourism sector is actively promoting discounts for high school and middle school graduates, including free admission to certain attractions with valid exam certificates and special packages for graduates [3][4] - The summer tourism season in Hainan will feature a variety of cultural and sporting events, including the 26th Hainan International Tourism Island Carnival and various concerts and competitions, aimed at providing diverse experiences for students [4]

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) and has outlined its operational performance, financial results, and future strategies, emphasizing a focus on the dual business model of "tourism + commerce" to drive growth and transformation [1][4][12]. Meeting Procedures - The AGM will be held on June 20, 2025, combining on-site and online voting methods to ensure shareholder participation [3][4]. - Shareholders must register to speak or ask questions before the meeting starts, and speaking time is limited to five minutes per shareholder [2][4]. Financial Performance - The company reported a revenue of 778 million yuan in 2024, a decrease of 9.31% from 2023, with a net profit attributable to shareholders of 45.64 million yuan, reflecting a year-on-year increase of 33.69% [21][27]. - The company’s operating income from its main business decreased by 7.94%, with notable declines in retail and non-metal materials, while the travel service sector saw a 29.39% increase [28][29]. Business Development Strategies - The company aims to enhance its traditional commerce sector while deepening its involvement in the tourism industry, leveraging its capital platform for high-quality development [12][14]. - Future plans include optimizing ticket pricing for boat services, enhancing retail experiences, and expanding travel agency offerings to new markets [12][13]. Governance and Compliance - The board and supervisory committee have conducted their duties in accordance with relevant laws and regulations, ensuring the company operates within legal frameworks and maintains shareholder interests [15][19]. - The company has established a robust internal control system to manage risks and ensure compliance with financial regulations [18][19]. Profit Distribution - The company plans not to distribute profits for the 2024 fiscal year due to a negative retained earnings balance, aligning with regulatory requirements [31][32].

Industry Overview - The National Development and Reform Commission held a meeting focusing on technology innovation, indicating the initiation of the "14th Five-Year Plan" preparation, which will highlight new fields and investment priorities that could attract capital market attention [2] - The autonomous driving industry is expected to see significant advancements, with Tesla's Robotaxi service anticipated to begin public trials on June 22, showcasing rapid progress in autonomous technology [2] - The Shenzhen pilot program for low-altitude economic management aims to enhance the application frequency of low-altitude economic scenarios, which could positively impact market expectations for the low-altitude economy industry chain [3] Advanced Manufacturing Sector - Major domestic automotive companies, including BYD and GAC Group, have committed to a payment term of no more than 60 days in response to the new regulations aimed at improving the payment environment for small and medium enterprises [6] - The average turnover days for accounts payable for major automotive manufacturers are as follows: BYD at 127.23 days, GAC Group at 112.87 days, and Dongfeng Motor at 221.27 days, indicating a significant impact on cash flow and operational costs [6] - This regulation is expected to improve cash flow for upstream suppliers, particularly small and medium enterprises, thereby reducing financing costs and operational risks [6] Consumer Sector - The summer tourism market is projected to grow significantly, with a 70% year-on-year increase in the number of travelers and an 80% increase in GMV, driven by family travel [9] - The brand Zhenjia has seen over 300% year-on-year growth in sales of its high-end fragrance laundry detergent, indicating a shift towards premium products in the home cleaning market [9] - The health supplement brand Feicui, focusing on high-end anti-aging products for women, is expected to contribute approximately 0.12 billion yuan in revenue after its launch in Q3 2024 [9]

Core Viewpoint - Nanjing is launching a "Le You Card" specifically designed for inbound tourists to enhance their travel experience by providing convenient access to various services and benefits through digital technology [1][2] Group 1: Product Features - The "Le You Card" allows inbound tourists to use their passports or other entry documents to access digital identity, consumption, and rights, facilitating a seamless travel experience in Nanjing [1] - The card offers a minimum of 30GB of free data upon activation, catering to tourists' needs for connectivity upon arrival [1] - It provides three duration options (7, 15, or 30 days) starting from 70 yuan, and can be obtained at major Nanjing Mobile service centers or through international travel agencies [1] Group 2: Connectivity and Payment - Holders of the "Le You Card" benefit from comprehensive 5G-A network coverage across Nanjing, enhancing their online experience [2] - The card supports payment through Alipay, WeChat, and international credit cards, allowing for convenient transactions in shopping and dining [2] - It integrates with the "Nanjing Transportation Card," enabling easy access to public transport with a simple tap of the phone [2] Group 3: Additional Benefits - The card provides exclusive check-in channels and discounts at partner hotels, improving the accommodation experience for tourists [2] - Tourists can enjoy a one-stop solution for online reservations, ticket purchases, and entry to popular attractions, eliminating the need to queue [2] - The card also offers innovative experiences such as 5G-A enabled smart tourism, including AR historical reconstructions and real-time language translation services [2]