A股重回3900點 12月1日，市場全天震盪走強，滬指重返3900點上方，深成指、創業板指均漲超1%。截至收盤，滬指漲0.65%，深成指漲1.25%，創業板指漲 1.31%。 市場共3398只個股上漲，76只個股漲停，1872只個股下跌。 | 880005 张跌家数 | | | | --- | --- | --- | | E | 涨停 | 76 | | 涨幅 | > 7% | 121 | | 涨幅 | 5-7% | 125 | | 涨幅 | 3-5% | 369 | | 涨幅 | 0-3% | 2783 | | 跌幅 | 0-3% | 1673 | | 跌幅 | 3-5% | 151 | | 跌幅 | 5-7% | 27 | | 跌幅 | > 7% | 21 | | 其中 跌停 | | | | | | 3398 | | 上涨5 下载导航 新疆博报 总部救 | | 1872 | | | | 184 | | | | 5454 | | 总成交额 | | 18894.49亿 | | 总成交量 | | 123870.9万 | | 涨家增减 | | 671 | | 涨家增幅 | | 24.61% | | 指数量比 | | ...

Core Viewpoint - Emei Mountain A (000888.SZ) announced a shareholder reward program from December 1, 2025, to January 31, 2026, offering free admission and discounts to shareholders, which led to a significant stock price increase of 10.02% on the first trading day after the announcement [1][10]. Group 1: Shareholder Reward Program - The company will provide free admission to the Emei Mountain scenic area and free rides on the Wanyan cableway for individual shareholders holding more than 500 shares, along with various discounts for their accompanying family members [1][8]. - Additional benefits include hotel discounts, free hot spring access, and discounts on tea and cultural products, with hotel discounts starting as low as 20% [8][9]. - The adult ticket price for the scenic area is 160 yuan, and the cableway ticket ranges from 45 to 60 yuan [8]. Group 2: Market Impact and Analysis - The initiative is seen as an innovative approach to market value management, enhancing shareholder engagement and potentially attracting new investors [1][10]. - The company aims to deepen the concept of sharing development results with shareholders, allowing them to experience the core cultural and ecological resources of Emei Mountain [9]. - Analysts believe that the program could increase visitor numbers by reducing travel costs for shareholders and encouraging them to bring friends and family, thereby enhancing brand visibility and overall visitor traffic [10][11]. Group 3: Industry Context - Since the release of the CSRC's guidelines on market value management in November 2024, many listed companies have initiated similar shareholder reward programs, focusing on enhancing investor returns through various methods [2][12]. - Other companies have also adopted creative reward strategies, including offering free tickets and discounts on various services, indicating a broader trend in the industry towards innovative shareholder engagement [12][13].

作为我国唯一的热带岛屿省份，海南不仅拥有碧海蓝天、雨林繁茂的自然风光，还凝聚着海洋文化、侨 乡文化等丰富多彩的人文底蕴。近年来，海南通过加快基础设施改造升级、丰富旅游特色产品供给等方 式，不断提高文旅产业软实力，着力打造世界一流旅游目的地，推动旅游业逐渐成为海南自由贸易港着 力发展的四大主导产业之一。今年1月至10月，海南共接待游客总人数8493.11万人次，同比增长8.3%； 游客总花费1817.45亿元，同比增长9.6%。其中，接待入境过夜游客110.71万人次，同比增长29.5%。 白沙黎族自治县的"白沙大院"农文旅融合示范项目，集雨林度假、黎乡风情、茶旅体验于一体，是旅游 公路上众多复合型旅游驿站之一。"白沙大院不仅仅是一个酒店民宿，游客还能体验传统黎族表演、茶 文化，黎族黎锦编织等项目。"驿站所在的牙叉镇新高峰村驻村第一书记陶艮坤说。 业态推陈出新 来到澄迈县福山咖啡文化风情镇，既能品味香浓咖啡、品尝鲜嫩烤肉，又能欣赏艺术画展、制作精美陶 瓷。"风情镇增设了美术馆、陶瓷艺术中心、烤肉餐厅等多种业态，为游客提供了更丰富的体验。"福山 咖啡文化风情镇工作人员王强告诉记者，2024年，园区营收1.4亿元， ...

Core Viewpoints - The A-share market is expected to warm up for a bull market in early 2025, with stable funds likely to support the market amid unchanged policy attitudes. The current adjustment is seen as a healthy correction within the bull market, setting the stage for a pre-spring rally at the end of the year and the beginning of the next [4][2] - The AI industry chain is anticipated to be the main line for investment during this period, benefiting from improved liquidity expectations and risk appetite. The Sci-Tech 50 and ChiNext indices are expected to lead the recovery in broad-based indices [4][2] - The AI industry chain remains optimistic, with strong downstream demand and short-term supply challenges in AI infrastructure, presenting investment opportunities in power supply and computing power, particularly in domestic computing power [4][2] December Stock Picks - The December stock picks from Zhongyin Securities include: - Poly Real Estate Group (Real Estate) - Jitu Express-W (Transportation) - China Merchants Energy (Transportation) - Wanhua Chemical (Chemicals) - Anji Technology (Chemicals) - Huayou Cobalt (New Energy) - Anjii Food (Food and Beverage) - Changbai Mountain (Social Services) - Feiliwa (Electronics) [6][8] Real Estate Industry: Poly Real Estate Group - The company experienced a 48.1% year-on-year revenue growth in the first half of 2025, driven by increased project completions. However, net profit attributable to shareholders decreased by 44.3% due to investment losses and increased minority shareholder losses [8][9] - The company’s gross margin improved to 17.5%, up 3.2 percentage points year-on-year, while net profit margin decreased to 1.3% [8][9] - The company’s debt structure has improved, with total interest-bearing debt decreasing by 8.6% year-on-year, and all "three red lines" indicators turning green, indicating a healthier financial position [9][10] Transportation Industry: Jitu Express-W - The company achieved a total revenue of $5.499 billion in the first half of 2025, a year-on-year increase of 13.1%, with significant growth in the Southeast Asian market [13][14] - The company’s market share in Southeast Asia increased to 32.8%, while the Chinese market saw a 20% increase in package volume [14][15] - The company is focusing on cost optimization and has implemented a flexible pricing mechanism to enhance competitiveness [15] Transportation Industry: China Merchants Energy - The company reported a slight decrease in revenue to 25.799 billion yuan in 2024, but net profit increased by 5.59% to 5.107 billion yuan, indicating resilient profitability [16][17] - The fourth quarter saw a significant increase in shipping volume, particularly in high-value routes, contributing to a strong performance [16][17] Chemical Industry: Wanhua Chemical - The company’s revenue from polyurethane, petrochemical, and fine chemicals in the first half of 2025 was 36.888 billion yuan, 34.934 billion yuan, and 15.628 billion yuan, respectively, with the petrochemical segment facing short-term pressure [19][20] - The company’s management reforms have led to improved cost control and resource allocation efficiency, which is expected to enhance future performance [19][20] Chemical Industry: Anji Technology - The company reported continuous high growth in revenue and net profit in the first three quarters of 2025, with a gross margin of 56.61% [23][24] - The company’s polishing liquid sales increased by 38.23% year-on-year, indicating strong demand in the semiconductor market [24][25] New Energy Industry: Huayou Cobalt - The company achieved a net profit of 4.216 billion yuan in the first three quarters of 2025, a year-on-year increase of 39.59%, with a revenue growth of 29.57% [26][27] - The company is advancing its integrated layout with ongoing project developments in nickel and lithium production [26][27] Food and Beverage Industry: Anjii Food - The company reported a revenue increase of 6.6% year-on-year in Q3 2025, driven by product innovation and channel expansion [28][29] - The company is focusing on product structure optimization and cost control, maintaining stable profitability despite rising raw material costs [29][30] Social Services Industry: Changbai Mountain - The company experienced a 6.99% year-on-year revenue growth in the first three quarters of 2025, with a significant increase in tourist numbers during the peak season [31][32] - External transportation upgrades and internal project developments are expected to enhance future growth prospects [32] Electronics Industry: Feiliwa - The company is investing in expanding its quartz electronic fabric production capacity to meet the growing demand for high-end PCB materials [33][34] - The demand for quartz electronic fabric is expected to increase due to advancements in Ethernet switch chip technology [34][35]

北京商报讯（记者 吴其芸）11月30日，古北水镇（司马台长城）国际旅游度假区宣布，将于2025年12 月1日—31日面向全国游客实行免门票入园政策。 据悉，免票政策覆盖景区日场与夜场全部运营时段。游客需提前通过"古北水镇"官方微信公众号及指定 合作平台完成实名预约，预约成功后凭有效二维码及身份证件于预约日期核验入园。12月期间每日开放 免费预约名额，可提前三日预约。园区内住宿、餐饮、演出及其他体验项目仍按正常标准收费运营。相 关负责人表示，免票期间将不再单独销售门票及联票。已提前购买12月门票的游客，可通过原渠道办理 全额退款或改期手续，切实保障游客权益。 今年冬季，古北水镇同步推出以"长城下的童话小镇·QI幻童话"为主题的冬季系列活动，活动自11月中 旬延续至次年2月底。活动期间，"古北平安周""古北跨年夜""古北过大年"等内容将陆续登场，汤泉康 养、冰雪娱乐、灯会光影、无人机演出等多元体验，可让游客获得丰富的乐趣。 ...

Core Insights - The emergence of "internet celebrity photo spots" in Wuhan reflects a growing trend where urban aesthetics and cultural experiences are being commodified for social media engagement [1][6] - The challenge for the city is to transform temporary "traffic" into lasting "retention" by enhancing cultural depth and urban governance [1][6] Group 1: Urban Aesthetics and Cultural Trends - The popularity of "internet celebrity photo spots" has led to a surge in visitors, with locations like the "manga street" in Wuchang District attracting long queues [2][3] - There is a growing concern about aesthetic homogenization and "visual involution," as similar photo compositions and filters dominate social media, diluting the uniqueness of urban landscapes [5][6] - Experts suggest that while the "photo craze" presents opportunities for urban development, it must be supported by cultural substance to avoid aesthetic fatigue [6][11] Group 2: Urban Management and Visitor Experience - Effective urban management is crucial as the influx of tourists can disrupt local life, necessitating a balance between visitor rights and residents' quality of life [10][11] - Initiatives such as clearly demarcated tourist and commercial photography zones have been implemented to minimize conflicts between tourists and local residents [7][9] - The introduction of dynamic scene management, where cultural narratives are integrated into tourist experiences, is seen as a way to enhance visitor engagement and understanding of the city [12][16] Group 3: Cultural Engagement and Storytelling - There is a shift towards encouraging visitors to engage with the city's cultural narratives rather than merely capturing standard photos, as seen in initiatives at historical sites [12][15] - The promotion of local stories and experiences through creative content is essential for transforming the city's image from mere visual symbols to cultural identities [16] - The call for policies that support quality content creation reflects a broader strategy to enhance cultural tourism and deepen visitor connections with the city [16]

数据来源：文化和旅游部 11月25日，随着20万立方米存冰陆续运抵园区，第二十七届哈尔滨冰雪大世界冰建工程正式启动。 在冰雪大世界工作8年来，我亲眼见证这片冰雪天地从单纯的冰雕展会变为家喻户晓的文旅地标。尤其 是2024年元旦假期"尔滨"出圈后，这些忙碌又开心的日子令我印象深刻。 还记得天寒地冻的天气，客流激增，超级冰滑梯前排起长队。为了解决排队保暖问题，我们团队连 着一周，顶着严寒连夜赶建300米长的防风暖棚，棚壁还布上冰雪摄影作品给游客解闷。今年春节假 期，我们在排队区支起锅煮饺子，姜茶和热水管够。 我们还安排了35人的客服团队24小时守着电话，及时处理游客的咨询和投诉。一名游客不小心与孩 子走散，现场服务人员立刻联系客服中心，第一时间启动广播，志愿者和全园服务团队一起帮忙，5分 钟内就找到了孩子。后来这名游客寄来感谢信说，"在异乡感受到了温暖的力量"，让我们觉得所有付出 都值了。这些点点滴滴的小事，让"冰雪虽冷，真情火热"的理念深深扎根在我们每个团队成员心中。 想让游客愿意一来再来，仅靠服务好还不够，活动和体验也得跟上。我们转变思路，把黑龙江的特 色文化和科技互动融进冰雪项目之中，将冰版画等非遗技艺通过 ...

Group 1 - The core idea of the news is that Emei Mountain A is launching a shareholder return activity in 2025 to enhance shareholder engagement and showcase its cultural and ecological tourism resources [1] - The shareholder return activity will take place from December 1, 2025, to January 31, 2026, excluding national holidays, and is open to individual shareholders holding 500 shares or more, as well as representatives from corporate shareholders [1] - The activity will offer various benefits including tickets, cable cars, hotels, hot springs, skiing, tea, and cultural products [1] Group 2 - Emei Mountain A is focusing on the integration of culture and tourism, infrastructure upgrades, and digital transformation to elevate its status from a traditional scenic area to a world-class tourism benchmark [2] - The company aims to diversify its revenue streams beyond traditional ticket and cable car sales by implementing an integrated marketing and cross-industry approach [2] - Emei Mountain A is expanding its business segments to include ticket sales, cable cars, hotels, tea, big data operations, cultural media, and travel agencies, transitioning to a diversified industry development model [2] Group 3 - To achieve its goal of becoming a globally renowned tourist destination, Emei Mountain A is investing over hundreds of millions in hardware upgrades through the "Three Stations and One Road" project [3] - The project includes the construction of three major stations and the completion of the scenic section of the Sichuan Zero Road, facilitating closed-loop tourism traffic [3] - Emei Mountain A has been advancing its digital transformation for over 20 years and is now entering a new phase of deep integration with AI, achieving a collaborative upgrade across multiple dimensions [3]

Core Viewpoint - The company, Emei Mountain A (000888.SZ), announced a shareholder reward program aimed at enhancing shareholder engagement and appreciation through various benefits during the period from December 1, 2025, to January 31, 2026 [7][24]. Group 1: Shareholder Reward Program Details - The program is designed for individual shareholders holding 500 shares or more, allowing them to bring two family members, while corporate shareholders can designate up to five representatives [7][8]. - Benefits include free admission to the Emei Mountain scenic area for eligible shareholders and their representatives, with family members receiving a 50% discount on adult tickets [9][12]. - Free rides on the Wanyan cableway are also included for eligible shareholders and their representatives, with family members again receiving a 50% discount [9][12]. - Hotel accommodation discounts range from 20% to 50% off the listed prices at various hotels, including the Hongzhu Mountain Hotel and Emei Mountain Grand Hotel [9][10][11]. Group 2: Additional Benefits - The company offers additional discounts on hot springs, skiing, tea products, and cultural creative products for eligible shareholders and their family members [5][14][15]. - Hot spring tickets are available at discounted rates, with specific prices listed for different facilities [12]. - Skiing benefits include one hour of free skiing per day for shareholders and a 50% discount for family members [13]. - Tea products feature a "buy one get one free" offer for shareholders, while cultural products are available at an 15% discount [14][15]. Group 3: Participation and Verification - Participation can be done online through the official Emei Mountain tourism platform, where shareholders can select and purchase tickets and services at discounted rates [16][18]. - Verification for benefits requires shareholders to present identification and proof of shareholding at various locations, including ticket counters and hotel front desks [19][20][21].

Core Viewpoint - The company Emei Mountain A (000888.SZ) announced a shareholder reward program aimed at enhancing shareholder engagement and providing benefits to its investors [1]. Group 1: Shareholder Benefits - From December 1, 2025, to January 31, 2026 (excluding national holidays), individual shareholders holding 500 shares or more and their accompanying family members, as well as representatives of corporate shareholders, will enjoy free admission to the Emei Mountain scenic area [3]. - Eligible individual shareholders and corporate representatives will receive free access to the Wanyan Cableway, while accompanying family members will benefit from a 50% discount on adult tickets [4]. - Special hotel accommodation discounts will be available for eligible individual shareholders and their family members, with prices starting from 20% of the listed rate at various hotels, including the Hongzhu Mountain Hotel (23%-50% off) and Emei Mountain Grand Hotel (22%-50% off) [5]. Group 2: Additional Offers - The company will also provide discounts on hot springs, skiing, and tea-related activities as part of the shareholder reward program [6].