Core Viewpoint - The recent transaction involving Wang Sicong and He Youjun, valued at 3.7 billion yuan, raises questions about the underlying motives and implications for both parties involved in the deal [3][5][20]. Group 1: Transaction Details - Wang Sicong and He Youjun completed a project transaction worth 3.7 billion yuan [3]. - The deal is speculated to be a strategic retreat for Wang Sicong, rather than a straightforward victory [20]. - The actual transaction was executed by a company named "Huanju Commercial," which claims to manage over 6 billion yuan in assets and operates more than 70 entertainment projects [13][15]. Group 2: Company Analysis - Huanju Commercial's claims of managing numerous projects appear exaggerated, with only seven subsidiaries identified and the 70 projects lacking verification [15][17]. - The company's official communications have been purged, suggesting a lack of transparency [17]. - Wang Sicong's business activities have been shrinking, with several companies being deregistered, indicating potential financial distress [19]. Group 3: Industry Implications - He Youjun's acquisition signifies a shift in the business landscape, representing the rise of a new generation of entrepreneurs while the previous generation steps back [45]. - The transaction reflects the accelerated integration of China's cultural tourism industry with emerging consumer trends, highlighting market adaptability to younger demographics [45].

Core Viewpoint - The city of Deyang is leveraging creative marketing strategies to enhance its brand image and promote its cultural and industrial strengths through a series of promotional events in Wuxi [2][8]. Group 1: Event Highlights - The Deyang city brand promotion event held from June 21 to June 25 in Wuxi featured a variety of engaging activities, including celebrity endorsements and local cultural showcases [2][3]. - The event included a "Deyang Goodies" market that allowed Wuxi residents to experience Deyang's local products and culture firsthand [5][6]. - A significant aspect of the promotion was the integration of traditional culture with modern media, creating a unique cultural feast [2][4]. Group 2: Cultural and Industrial Promotion - Deyang showcased its rich cultural heritage, including the ancient Sanxingdui civilization and local delicacies, alongside its modern industrial capabilities [3][7]. - The "共赢德阳" investment promotion conference highlighted Deyang's industrial achievements, such as being the world's leading producer of power generation equipment for 20 consecutive years [7][8]. - The event resulted in the signing of 13 investment projects and collaborations worth over 22 billion yuan, demonstrating the economic potential of Deyang [7][8]. Group 3: Marketing Strategy - Deyang's marketing strategy emphasizes storytelling in a relatable manner to connect with the audience, transforming industrial strengths into a recognizable city brand [8]. - The choice of Wuxi as the first stop in the Yangtze River Delta region maximized exposure for Deyang's industrial and cultural attributes [8]. - The series of promotional activities, including future events planned in other regions, aims to continuously enhance Deyang's brand recognition [8].

Core Insights - The real estate industry is currently in a destocking cycle, with various segments seeking new models amid a transformation period and increasing market competition [1] - Non-residential asset values are influenced by operational efficiency, with significant differentiation observed across various segments [2] Non-Residential Asset Value Differentiation - Asset value changes are closely related to three factors: maturity of operational models, stability of operational efficiency, and clarity of exit channels [2] - Long-term rental apartments and commercial assets are favored due to mature operational models and stable returns, while office buildings and industrial parks are negatively impacted by economic downturns, leading to high vacancy rates and declining rents [2] Long-Term Rental Apartments Performance - Long-term rental apartments have emerged as one of the most stable segments in the real estate industry, with high occupancy rates [5] - In the past five years, the occupancy rate of concentrated apartments in core cities has remained above 85%, with cities like Guangzhou, Shenzhen, Wuhan, and Nanjing exceeding 93% [5] - REITs (Real Estate Investment Trusts) related to long-term rental apartments have shown strong performance, with underlying asset occupancy rates exceeding 91% [5][8] Policy and Market Trends - The government is promoting high-quality housing supply and integrating rental housing into the "good housing" system, which may impact the personal rental market [12] - Major cities are adopting various strategies to enhance rental housing quality, such as implementing green building standards and offering incentives for compliant projects [12] - The market is witnessing a dual-track development of market-oriented and guaranteed rental housing, particularly in cities like Shanghai and Shenzhen [15] Investment Landscape - The long-term rental apartment market is increasingly recognized for its stability, attracting diverse investors, including funds and insurance capital, which now account for 50% of the market, up from 40% in 2023 [15] - The market is entering a long cycle of asset value differentiation and revaluation, making it suitable for investors seeking stable long-term returns [15]

在精准帮扶企业方面，《方案》提出以外贸企业为重点，深入了解各行业企业生产经营情况，统筹政 策、资源、资金帮助企业消化库存、开拓市场、降低成本，着力解决企业实际困难。 广州实施"久摇不中"申请人直接领取号牌政策，更大力度放宽购车限制性措施、增加购车指标；深圳市 优化小汽车常规增量指标摇号规则，加强"久摇不中"人群购车需求保障。 扩大科研助理和见习岗位规模，2025年提供不少于1万个科研助理岗位。 加快广州、深圳市内免税店建设，力争在2025年第三季度内开业。 6月24日，《广东省促进经济持续向好服务做强国内大循环工作方案》（以下简称"《方案》"）公布， 提出七项重点任务及多项细化部署，统筹实施扩大内需战略和深化供给侧结构性改革，着力稳就业、稳 企业、稳市场、稳预期，促进经济持续向好，有力服务做强国内大循环。 多项措施帮助企业对接国外市场 出台措施促进经济持续向好 有力服务做强国内大循环 《方案》提出，筹划以市场化办展模式举办内贸版"广交会"；支持电商企业设立出口转内销专区；支持 办好第二十届中国国际中小企业博览会等重大活动。 推动散裂中子源一期等向企业开放共享 从具体措施来看，《方案》提出筹划以市场化办展模式举 ...

Group 1 - Nanjing has introduced the "2025 Measures to Stabilize Foreign Investment," which includes 13 initiatives aimed at attracting and utilizing foreign investment more effectively [1][2] - The measures focus on expanding the fields of foreign investment, enhancing the stability of investment, and strengthening enterprise service guarantees [1][2] - A key initiative is to create an industrial investment map to attract foreign enterprises to participate in the construction of the industrial system, thereby enhancing the competitiveness of industrial clusters [1] Group 2 - The measures emphasize the importance of enhancing brand building for investment promotion activities and participating in national events to attract quality resources to Nanjing [2] - There is a focus on expanding the methods of utilizing foreign investment, encouraging foreign investors to engage in strategic investments through various means such as issuing new shares and mergers [2] - The measures also support the establishment of investment companies and venture capital enterprises by foreign investors in Nanjing, promoting reinvestment in the city [2] Group 3 - Increased support for foreign-funded research and development is highlighted as a crucial step in stabilizing foreign investment, encouraging the establishment of R&D centers and collaboration with local institutions [3] - The measures aim to enhance services for major foreign investment projects, promoting early signing, commencement, and production of these projects [3] - Foreign enterprises are encouraged to upgrade technology and innovate products, with a focus on high-end, intelligent, and green development [3]

Core Viewpoint - The strategic renaming of the company to "盈新发展" (Winnovation) reflects its commitment to deepening its presence in the cultural tourism industry and signals a shift in its business strategy and core philosophy [1][2] Group 1: Strategic Focus - The company aims to leverage its platform advantages and resource integration to enhance its operations in cultural tourism, spatial ecological operations, and the integration of cultural, tourism, and medical sectors [1] - The company plans to capitalize on favorable conditions for mergers and acquisitions in the cultural tourism sector, focusing on low-cost expansion and acquiring quality projects [1] - The new name signifies a clearer business positioning and development direction for the company, aligning with national strategies and market trends [1] Group 2: Future Development Plans - The company is committed to a strategic framework of "real estate stabilization, cultural tourism cultivation, and technological expansion," aiming to build a collaborative ecosystem of "real estate—cultural tourism—technology" [1] - The company’s future development strategy is set to accelerate its transformation towards becoming a comprehensive cultural tourism operation group and a national strategic innovation platform operator [1][2] - The name change is expected to facilitate the company's strategic transition and upgrade towards its future development plan of "real estate + cultural tourism + technology" [2]

今年以来，东海文旅集团聚焦"3+1+N"发展规划，以重点项目为抓手、"小而美"景区景点为核心，加快 推动文化和旅游宽领域、多方位、全链条深度融合，将文旅产业打造成为促进全县经济社会高质量发展 的强力引擎。 王成坤 章九杰 强化规划引领，推动融合发展。以"三位一体"双4A景区融合提升、温泉旅游度假区提升创建、薛团花 生主题一二三产融合等项目集群为抓手支点，加快建成1条生态旅游环线，链接N个特色旅游点，抓实 做好县域文旅发展、生态经营、配套服务等核心主业，带动文旅产业持续繁荣发展。强化项目支撑，打 造文旅品牌。年内将建成运营薛团花生主题体验馆、西部乡愁文化园、季高鹿萌萌乐园二期、城市书房 等项目。加快推进羽山景区二期建设、福如东海温泉生态康养中心、东海水晶博物馆升级改造、"华东 第一温泉"康养娱乐度假综合体全面升级改造等项目。全面推进九龙汇夜肆二期、城南研学教育基地、 城市家具以及水晶雕刻非遗传承保护街区方案设计和地块招商，以及任朱沟矿区石榴子石矿、城北高品 质住宅等前期工作。强化运营管理，擦亮品牌形象。发挥西双湖景区、羽山景区龙头优势，带动一片产 业发展，擦亮"微度假、趣东海"品牌。以季高鹿萌萌乐园、西双湖百合 ...

Core Viewpoint - The integration of vocational education with rural revitalization in Qingzhou, led by Weifang Nursing Vocational College, has transformed the local economy and community through the establishment of a health and wellness industry, infrastructure improvements, and talent development [1][2][3][4][5][7][8]. Group 1: Rural Revitalization and Infrastructure Development - The transformation of Maoyu Village from barren land to a 2,400-acre traditional Chinese medicine planting base and high-end wellness accommodations has attracted significant tourism [1]. - The village was included in the national housing renovation plan in 2017, but initial progress was hindered by villagers' lack of understanding [2]. - Under the leadership of the college's first secretary, the village successfully completed the housing renovation for 187 households within 200 days, resolving issues related to water, transportation, and heating [3]. Group 2: Industry Empowerment and Economic Development - The establishment of the Shanshui Traditional Chinese Medicine Health Industry Park is a key project that integrates education, industry, and research, enhancing local economic development [4]. - The park includes a comprehensive range of functions such as research, production, and testing, and aims to create a full-chain health industry ecosystem [4][5]. - The collaboration between the college and local enterprises has led to the development of health food products, enhancing the region's economic and social benefits [6]. Group 3: Talent Development and Educational Integration - The college employs a three-pronged approach to talent development: integrating classroom learning with practical fieldwork, facilitating dual mobility of faculty, and supporting entrepreneurial projects [7][8]. - Students engage in hands-on training at the medicinal herb planting base, accumulating over 300 hours of practical experience annually [7]. - The college has successfully trained over 500 high-quality professionals in the health and wellness sector, achieving a job placement rate of over 95% [8].

2025.06. 24 本文字数：1705，阅读时长大约3分钟 作者 | 第一财经 林靖 苏超的热度持续爆表。 6月29日苏超第五轮，苏州队将主场迎战扬州队。目前，该场次球票已售罄。根据票务系统数据，该 场比赛6月22日晚第一轮门票开售时，预约人数约32万，超过80万微信用户同时在线，微信浏览量 （PV）4900多万，点击量（QPS）超过8000万。 本场比赛在昆山奥体中心举行，可容纳4.5万人，有望再次刷新苏超上座人数纪录。 6月14日到6月15日，苏超联赛第四轮5场比赛展开，宿迁队与盐城队的比赛，因与宿迁中考时间冲 突而延期到6月21日举行）。5场比赛中，场均观赛人数为2.58万人。6月14-15日，抖音上关注苏超 的人群中，31-40岁年龄段占比最高，达到了37%。18-23岁年龄段偏好度（TGI指数）最高。从用 户的地域分布来看，24.06%的关注人群来自江苏；其次是广东，占比8.87%；再次是浙江，占比 7.21%。 第一财经记者梳理发现，随着苏超热度上升，尤其从第三轮比赛日开始，关注苏超的用户，其地域分 布也发生了一些明显变化。 整体来看，赛事初期整体关注度较低。第一轮，平均上座人数为7745人。 ...

编号：2025-007 | 投资者关系活动 | ☑特定对象调研□分析师会议 | | --- | --- | | 类别 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动/策略会 | | | □现场参观 □其他 | | 参与单位名称及 | 盈鼎基金、幸福时光基金、恒邦兆丰基金、汉唐基金、国 | | 人员姓名 | 金证券、卓览投资、和君资本家等 家机构 位投资者（排 9 11 | | | 名不分先后） | | 时间 | 年 月 2025 6 24 日（15:00-17:00） | | 地点 | 深圳总部会议室现场调研 | | 上市公司接待人 | 董事、总裁兼财务总监李方悦 | | 员姓名 | 董秘兼财务副总监傅佳敏 | | | 悦起文化总经理王奕文 | | | 数智化管理中心总监郭瑞 | | | 一、介绍公司发展历程、核心团队、客户情况、主要业务 | | | 情况等。 | | 投资者关系活动 | 二、奥雅城市文旅焕新大模型多模块应用演示。 | | | 三、悦起文化（Joykey）定位、核心团队和 IP 储备、业务 | | 主要内容介绍 | 模式介绍。 | | | 四、主要问答环节 | | | 问题 1 ...