Core Viewpoint - Tuiyi Holdings (01701) announced the acquisition of 100% of the issued shares of the target company, Nihon Kiko Co., Ltd., for approximately 89.5 million Japanese yen, with price adjustments based on tax liabilities and bank cash [1] Group 1: Acquisition Details - The buyer, Shusanshi Takitei Co., Ltd., is a wholly-owned subsidiary of Tuiyi Holdings, and the seller is an independent third party [1] - The acquisition price is subject to downward adjustment for all tax liabilities listed in the target company's accounts as of January 31, 2026, and upward adjustment for all bank cash belonging to the seller [1] - Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of Tuiyi Holdings, and its financial performance will be consolidated into the group's financial results [1] Group 2: Business Operations - The primary business of the target company, Nihon Kiko Co., Ltd., is providing sightseeing bus transportation services [1] - Tuiyi Holdings' main business includes outbound travel tour sales, local tours, free travel products, visa application services, duty-free shop operations, and hotel services [1] - The acquisition will enhance the sightseeing bus capacity to accommodate larger tourist groups and improve customer experience [1]

Core Viewpoint - Tuyi Holdings (01701) announced the signing of a share purchase agreement for the acquisition of 100% of the issued shares of the target company, Nihon Kiko Co., Ltd., for approximately 89.5 million Japanese yen, with price adjustments based on tax liabilities and bank cash [1] Group 1: Acquisition Details - The buyer, Shusanshi Takitei Co., Ltd., a wholly-owned subsidiary of Tuyi Holdings, will acquire the target company from an independent third party [1] - The purchase price of approximately 89.5 million Japanese yen is subject to adjustments based on the target company's tax liabilities and bank cash as of January 31, 2026 [1] Group 2: Business Impact - Following the completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of Tuyi Holdings, and its financial performance will be consolidated into the group's financial results [1] - The target company primarily provides sightseeing bus transportation services, which will enhance Tuyi Holdings' capacity to accommodate larger tourist groups and improve customer experience [1]

智通财经APP获悉，澳门旅游局局长文绮华预计，今年内地春节假期日均旅客量介于15.8万至17.5万人 次，即假期期间将有逾140万人次旅客访澳。同时期望今年全年访澳旅客量达4100万人次。 文绮华亦指，除东南亚和欧美等传统市场外，今年将继续拓展中东市场，包括乌兹别克和哈萨克等。至 于今年工作重点之一是用好国家给予的新政策，包括去年11月增加港珠澳大桥和横琴口岸为过境240小 时免签政策的适用入境口岸等，希望继续吸引国际客源访澳。 ...

西安旅游(000610.SZ)连续2日跌停，报10.17元创2024年2月中旬以来新低，总市值24亿元。消息上，西 安旅游于2026年1月30日发布公告，归属于上市公司股东的净利润为亏损2.37亿元—2.90亿元，上年同期 亏损2.60亿元。预计2025年度期末归属于母公司净资产可能为负值。若经审计确认，公司股票交易将被 实施退市风险警示（*ST）。这一预警标志着这家西北地区首家上市的旅游企业正面临生存危机。据 悉，从2013年至2025年，西安旅游扣非净利润已连续12年亏损，累计亏损金额巨大。 ...

Core Viewpoint - The Wuchang Fish Service Area, the first highway-themed service area named after "fish" in China, is set to open, transforming from a traditional rest stop into a cultural and experiential destination that embodies local culture and tourism [1] Group 1: Architectural Design and Features - The service area covers a total area of 10,900 square meters, featuring a design that reflects the characteristics of the "land of fish and rice" in Hubei [2] - The southern area of the service zone is themed "Full Reflection on the Round," with three circular buildings resembling lotus leaves, while the northern area embodies the "Lotus Pond Moonlight" concept, creating a harmonious architectural aesthetic [2][4] - The service area includes a 156-acre ecological landscape designed to provide a year-round floral display, enhancing the visual experience for travelers [2] Group 2: Cultural and Culinary Experience - The main hall of the service area features a Wuchang Fish-themed restaurant that showcases local culinary traditions, including various cooking methods for the Wuchang fish, which is sourced fresh from nearby [5] - Surrounding the restaurant is the "Jingchu Jianghu Market," designed to immerse visitors in local culture through food and crafts, with stalls offering local agricultural products [5][6] Group 3: Economic and Tourism Impact - The service area aims to create a "stay economy," transforming transient travelers into tourists by offering diverse dining, shopping, and cultural experiences that encourage longer stays [7][8] - The project is positioned as a "frontline reception hall" for showcasing local characteristics and will serve as a hub for promoting regional tourism, including nearby attractions and agricultural experiences [7][8]

Group 1 - Li Qiangqing has been appointed as the general manager of Kweichow Moutai Sales Co., a core subsidiary of Kweichow Moutai, which is responsible for market operations and sales of Moutai liquor. The sales revenue for Moutai liquor is projected to exceed 145.9 billion yuan and 110.5 billion yuan for the first three quarters of 2024 and 2025, respectively [4][6] - The Shanghai Gold Exchange has adjusted the margin levels and price limits for silver deferred contracts due to significant price volatility in the silver market [7] - Mercedes-Benz has adjusted the manufacturer's suggested retail prices for some models by approximately 10%, which is expected to provide some liquidity relief for dealers [6][7] Group 2 - Huayi Brothers' stock price has plummeted due to a consumption restriction imposed on Wang Zhonglei, the company's legal representative, facing a risk of delisting. The company has been involved in multiple legal disputes with a total amount of approximately 111 million yuan in the past year [5][6] - The "Yun Dian Dang" gold trading platform in Shenzhen is experiencing withdrawal issues, similar to the previous crisis faced by "Jie Wo Rui." The company has reported significant funding gaps due to operational difficulties and industry panic [1][2] - The IPO policy rumors regarding an increase in on-site inspection ratios and batch suspensions have been debunked as old news, with no new regulations confirmed by the China Securities Regulatory Commission [6][7] Group 3 - Disney reported a revenue of $25.98 billion for Q1 of fiscal year 2026, a 5% year-on-year increase, with adjusted earnings per share of $1.63 [16] - Samsung SDI reported a battery sales revenue of 3.62 trillion won for Q4, with a loss of 33.85 billion won [16] - The company Rui Pu Lan Jun expects a net profit of 630 million to 730 million yuan for the year ending December 31, 2025, marking a turnaround from a net loss of approximately 1.353 billion yuan for the previous year [17]

Group 1: Spring Festival Travel Trends - The Spring Festival travel period is expected to see a record 9.5 billion trips, with self-driving accounting for about 80% of the total [1] - The average travel days per person during the Spring Festival is projected to reach 5.9 days, an increase of 1.1 days compared to last year [1] - There is a notable trend of travelers opting for "city hopping" during the festival, with flight bookings during the holiday period increasing by 55% year-on-year [4][5] Group 2: Transportation Capacity and Operations - National railways are expected to transport 540 million passengers, with a daily average of 13.48 million, reflecting a 5% year-on-year increase [2] - Airlines are planning to operate over 126,000 flights during the Spring Festival, with China Southern Airlines alone executing over 109,000 domestic flights [3] - The introduction of C919 aircraft by airlines is highlighted as a significant development, with Eastern Airlines deploying 14 C919 jets for nearly 50 daily flights, marking a more than 50% increase in flight volume [3] Group 3: Accommodation and Tourism Preferences - There is a significant increase in hotel bookings during the Spring Festival, with a year-on-year growth of 71%, peaking on the third day of the new year [5] - The demand for vacation rentals, particularly for family-oriented accommodations like villas, has surged, with bookings increasing by 48% week-on-week since January [5][6] - Tourists are increasingly seeking cultural experiences, with searches for traditional events like lantern festivals and folk performances rising by 117% [6] Group 4: Travel Behavior and Preferences - The trend of "slow travel" and deep experiences is driving a shift in travel consumption, with a notable increase in self-driving trips, which account for over 85% of surrounding travel bookings [7] - The peak traffic volume on highways during the Spring Festival is expected to reach 71 million vehicles per day, with an increase in the use of electric vehicles [8] - There is a shift in group travel dynamics, with a trend towards smaller, more customized tour groups, reflecting a desire for flexibility among travelers [9]

Group 1: Market Overview - The A-share market exhibited a structural differentiation pattern last week, with cyclical and financial sectors leading gains while military and power equipment sectors declined [1][7] - Industries such as petroleum, coal, and non-ferrous metals continued to rise on a month-on-month basis, while military, power equipment, automotive, and computer sectors experienced significant declines [1][7] Group 2: Macroeconomic Analysis - In January, the manufacturing PMI in China fell to 49.3%, a decrease of 0.8 percentage points from the previous month, indicating a seasonal decline and below the average level for recent years [2][8] - The price index showed a notable rebound due to rising commodity prices, while the service sector remained stable and the construction industry required policy support [2][8] - The U.S. Federal Reserve's recent decision to pause interest rate cuts aligns with market expectations, but the appointment of Kevin Walsh as the new Fed Chair may introduce uncertainties into monetary policy [3][9] Group 3: Investment Strategy - The current phase of A-share earnings disclosures is expected to reveal a shift towards new economic growth, with a notable rise in the new economy's growth center, particularly in AI and overseas expansion [4][10] - The market is anticipated to stabilize, with a focus on leading companies in specific sectors and the A500 index, as regulatory measures have suppressed short-term speculative trading [4][10] - External disturbances may lead to corrections in previously popular sectors, creating potential opportunities for policy support in heavily pressured indices like the CSI 300 [4][10] Group 4: Investment Directions - Emerging technology remains a primary focus, with value stocks also showing potential; attention should be given to leading companies and the A500 index [5][11] - In the technology growth sector, global demand for AI computing power is driving rapid growth in semiconductor equipment demand, leading to price increases across the entire supply chain [5][11] - In the cyclical sector, low valuations and improving economic conditions suggest opportunities in food, retail, tourism services, and commodities like oil and non-ferrous metals [5][11]

横店通用机场 揭牌仪式现场 《中国民航报》、中国民航网 记者刘九阳 报道：2月1日，横店公务机影视拍摄基地和航空网红直播基 地揭牌暨启动仪式在横店通用机场举行。该基地的设立，标志着横店率先将公务机资源系统性引入影视 拍摄和新媒体传播领域，开启了"航空+影视+旅游"融合发展新场景，为航空知识普及与影视文旅融合 拓展了新路径。 据了解，作为全球规模最大的影视拍摄基地，横店已构建起完善的影视文化产业体系。横店机场于2018 年开航，运营成果显著，连续4年飞行量均突破1万架次，已开展空中游览、高空跳伞、飞行驾照培训、 航空应急救援、航空研学、短途运输等多元业务。目前，横店机场已建成1800米跑道，可满足主流公务 机起降需求，并计划于2026年春节前通过目视验收。后续，跑道将延长至2400米，全力打造全国首个集 公务飞行、旅游通航、影视拍摄于一体的复合型机场。 横店集团助理总裁葛精兵接受记者采访时表示："在现有产业基础上，我们成功引进了首架湾流公务 机，创新设立全国首个公务机影视拍摄基地和航空网红直播基地。这不仅是横店影视拍摄场景的重要升 级，更是'航空+'产业链的创新拓展。我们将依托横店丰富的剧组资源、成熟的制作体系 ...

Core Viewpoint - The article emphasizes the efforts of the Yunnan Province Lijiang City Market Supervision Administration in enhancing regulatory measures to protect the cultural heritage of Lijiang Ancient Town while promoting tourism development through effective market supervision and collaboration [1] Group 1: Smart Empowerment and Precise Regulation - The Dayan Market Supervision Office has identified key regulatory pain points and core needs for heritage protection, innovating a digital regulatory approach to improve efficiency [2] - Utilizing the "Lijiang Ancient District" APP, a comprehensive monitoring system has been established, integrating video surveillance, smart alerts, and complaint tracing to facilitate both online and offline inspections [2] - During peak tourist seasons, an average of six inspection teams are deployed daily, with over 280 special inspections conducted throughout the year to address operational irregularities while preserving the ancient town's heritage [2] Group 2: Collaborative Governance and Market Ecology - A new "1+N" joint law enforcement model has been created to break down regulatory silos, involving various local enforcement teams to enhance regulatory synergy [2] - Focused on core sectors such as dining, accommodation, and retail, a unified checklist approach has been implemented, resulting in 1,230 joint law enforcement actions and inspections of over 15,236 business entities [2] - A closed-loop process for addressing common tourist complaints has been established, leading to the resolution of 52 travel-related legal cases and the imposition of fines totaling over 229,000 yuan [2] Group 3: Rapid Consumer Rights Protection - A rapid response mechanism has been introduced to enhance consumer rights protection, aiming for a five-minute response time and immediate on-site resolution of complaints [3] - Since the joint office's establishment in July 2025, a total of 2,244 consumer complaints have been processed with a 100% resolution rate and a 99% satisfaction rate among tourists [3] Group 4: Balanced Service and Regulatory Approach - The administration adopts a balanced approach to regulation and service, implementing lenient measures for minor violations to foster a supportive business environment [4] - Collaborative efforts with local business associations have been made to promote self-regulation among merchants, with over 2,000 businesses receiving operational guidelines on heritage protection and regulatory compliance [4] - The initiative aims to create a governance model that encourages regulatory guidance, merchant self-discipline, and tourist oversight, achieving a win-win situation for heritage protection and business profitability [4]