证券日报网讯 9月17日晚间，天目湖发布公告称，鉴于参股公司江苏天目湖动物王国旅游有限公司（简 称"动物王国公司"）已决定终止天目湖动物王国文旅综合体项目的实施，动物王国公司于2024年8月8日 审议通过的增资扩股方案亦决定同步终止实施，据此，公司根据动物王国公司的决定，拟终止向参股公 司增资，并授权管理层与动物王国公司协商妥善解决后续相关事宜。本次终止对参股公司增资等相关事 宜已经公司第六届董事会第十五次会议审议通过，尚需提交公司股东会审议。 （文章来源：证券日报） ...

Group 1 - The government has introduced 19 specific measures to boost service consumption, focusing on enhancing service supply and attracting foreign consumers [1][3] - The measures cover a wide range of industries, including internet, culture, telecommunications, sports events, education, and high-end healthcare, indicating a favorable policy environment for these sectors [1][3] - The emphasis is on addressing the supply-side shortage of quality services through financial support and policy adjustments, which is expected to invigorate the service consumption market [1][2] Group 2 - In August, the total retail sales of consumer goods reached 39,668 billion yuan, showing a year-on-year growth of 3.4%, with service retail sales growing by 5.1% [2] - The overall consumption trend remains positive, with expectations for further policy support to boost consumption, potentially increasing the annual growth rate of retail sales to around 4.5% [2][4] - Analysts suggest a shift in policy focus from physical investments to experience-based service consumption, highlighting the importance of government support for service supply [4] Group 3 - Companies like Huazhu Group and Trip.com are expected to benefit from the recovery in tourism consumption, with Huazhu's EBITDA projected to grow by 5% to 1.5 billion yuan [5] - Trip.com anticipates a revenue growth of 12%-17% in 2025, benefiting from policies aimed at attracting foreign consumers [5] - Hong Kong Travel and China Duty Free are positioned to gain from inbound tourism and enhanced duty-free shopping opportunities, with potential increases in visitor numbers and sales [6]

Group 1 - The company Tianmu Lake (SH 603136) announced the convening of its 15th meeting of the 6th Board of Directors on September 17, 2025, to discuss the proposal for the 2025 first extraordinary shareholders' meeting [1] - For the year 2024, the revenue composition of Tianmu Lake is as follows: scenic area business accounts for 52.67%, hotel business for 29.74%, hot spring business for 7.89%, other businesses for 6.7%, and travel agency business for 1.61% [1] - As of the report date, the market capitalization of Tianmu Lake is 3.6 billion yuan [1]

Core Viewpoint - Jiangsu Tianmuhu Tourism Co., Ltd. announced the termination of its investment in the Tianmuhu Animal Kingdom tourism project, which will not significantly impact its existing business and financial status [1] Group 1 - The company decided to terminate its investment of 179.82 million yuan in the Tianmuhu Animal Kingdom tourism project, which was approved on August 8, 2024 [1] - The total investment made by the company in the project remains at 19.98 million yuan [1] - The termination of the investment has been approved by the sixth board of directors and is pending shareholder approval [1] Group 2 - The company will negotiate the handling of prior investments and subsequent contractual matters [1] - The company will fulfill its information disclosure obligations and remind investors to pay attention to risks [1]

Group 1 - The company announced the termination of its plan to issue A-shares to specific investors by September 10, 2025 [1] - The company has applied to the Shanghai Stock Exchange to withdraw the related application documents [1] - On September 16, the company received a decision from the Shanghai Stock Exchange to terminate the review of its A-share issuance [1]

Group 1 - The company Emei Mountain A held its 149th board meeting on September 15, 2025, via telecommunication to review the proposal for amending the rules of the general manager's office meeting [1] - For the first half of 2025, the revenue composition of Emei Mountain A was as follows: 40.48% from cable car services, 26.78% from mountain entrance tickets, 18.1% from hotel services, 6.42% from other sources, and 6.0% from tea industry [1] - As of the report date, the market capitalization of Emei Mountain A was 7.8 billion yuan [1]

Core Viewpoint - Jiuhua Tourism (603199) has terminated its non-public stock issuance project due to changes in market conditions and company development plans [1] Group 1: Project Termination - On September 16, the review status of Jiuhua Tourism's non-public stock issuance project was changed to "terminated" [1] - The company and its sponsor, Huazheng Securities (600909), submitted an application to withdraw the stock issuance application and the sponsorship work on September 12 [1] - The company’s board of directors approved the termination of the A-share issuance to specific targets during a meeting on September 10 [1] Group 2: Reasons for Termination - The decision to terminate the stock issuance was made after comprehensive consideration of current market environment changes and the company's development plans [1] - The company emphasized that the decision was reached after thorough communication and careful deliberation among relevant parties [1]

Group 1 - The "2025 Beijing Mid-Autumn National Day Lantern Festival" will open on September 23 and run until late March 2026, covering multiple festive periods including Mid-Autumn, National Day, New Year, Spring Festival, and Lantern Festival [1][3] - The festival theme is "Beijing Colorful World Wonderful Night," featuring 180 creative light and shadow points and 70 display lantern groups, along with over 60,000 hanging lantern decorations [3] - The event integrates global cultural elements and showcases intangible cultural heritage through unique lantern craftsmanship, with seven themed areas including "Belt and Road" [3] Group 2 - The festival is part of the ShouLai Group's "China Service" initiative, emphasizing the integration of culture and tourism, aiming for high-quality offerings that reflect both international standards and local characteristics [3] - The festival includes special performances and traditional crafts, enhancing the overall visitor experience and promoting cultural tourism [3]

Core Points - China will implement a visa-free policy for Russian citizens holding ordinary passports from September 15, 2025, to September 14, 2026, allowing various entry purposes including business, tourism, family visits, and transit for a stay of up to 30 days [3][5] - The policy aims to enhance cross-border tourism and cultural exchange, with significant interest in exploring border regions and shopping experiences [3][5] - The first batch of visa-free travelers arrived at multiple ports, including Suifenhe and Manzhouli, with efficient processing times averaging under 2 minutes [5][7] Group 1 - The visa-free policy covers multiple entry purposes, including business and tourism, for a maximum stay of 30 days [3] - The implementation of the policy is expected to boost tourism in border areas, with travelers showing interest in local culture and shopping [3][5] - Initial arrivals at ports like Suifenhe and Manzhouli indicate a positive reception, with over 300 Russian travelers processed by noon on the first day [5][7] Group 2 - Urumqi Tianshan International Airport also welcomed its first visa-free Russian travelers, indicating a broader impact on air travel [10] - Zhangjiajie Tianmen Mountain National Forest Park has seen nearly 500,000 foreign visitors since 2025, with Russian tourists making up about 20,000, highlighting the park's appeal [14] - The park has improved visitor services through system upgrades and multilingual staff training to enhance the experience for incoming tourists [14]

Core Viewpoint - The State Council issued a notification on September 15 to strengthen comprehensive regulation of the tourism market, aiming to address issues disrupting market order and protecting tourists' rights, thereby promoting high-quality development in the tourism industry [1] Group 1: Regulatory Responsibilities - The notification emphasizes the need to clarify the responsibilities of various departments in tourism market regulation, adhering to principles of local management, inter-departmental collaboration, and shared responsibilities [1] - The cultural and tourism department is tasked with daily coordination and supervision of tourism service quality, while the police department is responsible for maintaining order at tourist sites and addressing illegal ticket sales [2] Group 2: Protection of Tourists' Rights - The notification addresses the issue of "big data killing familiarity," where different prices are shown for the same service based on user accounts, and emphasizes the need for online travel platforms to protect personal information and avoid misleading practices [3] - It encourages tourism operators to adopt a customer-centric approach, improve service quality, and ensure compliance with legal standards to safeguard tourists' rights [3] Group 3: Regulatory Mechanisms - The notification calls for enhanced regulatory checks and law enforcement collaboration among departments, including online inspections and surprise checks to ensure compliance [4] - It highlights the importance of addressing multi-departmental issues promptly and coordinating investigations to uphold market order [4] Group 4: Seasonal Regulatory Focus - The notification acknowledges that illegal activities tend to increase during peak tourist seasons, and emphasizes the importance of ongoing regulatory efforts to identify and address market issues [5]