2025.10. 23 净流出方面，中兴通讯、工业富联、新易盛遭抛售9.47亿元、7.27亿元、6.41亿元。 机构观点 本文字数：633，阅读时长大约2分钟 10月23日，A股三大指数午后震荡拉升集体转涨，截至收盘，沪指涨0.22%，深证成指涨0.22%， 创业板指涨0.09%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 145 Und | 3922.41 c | 8.65 | 0.22% | | 399001 | 深证成指 | 1 4 m | 13025.45 c | 28.84 | 0.22% | | 399006 | 创业板指 | 100 | 3062.16 c | 2.84 | 0.09% | 盘面上，冰雪旅游、煤炭、短剧板块涨幅居前，次新、券商午后走强，量子技术概念尾盘大涨；深地 科技、培育钻石、CPO概念集体回调。 沪深两市成交额1.64万亿，较上一个交易日缩量239亿。全市场上涨个股近3000只。 主力资金全天净流入煤炭、能源金属、传媒等板块，净流出半导体、 ...

Core Viewpoint - The company is leveraging sports events to enhance its "sports + cultural tourism" integration, sponsoring various competitions to promote its brand and related industries [1] Group 1: Company Initiatives - The company has sponsored the "Emei Mountain Cross-Country Challenge" held in April and October [1] - Following the Sichuan Super League's opening, the company utilized the home game resources of the Leshan team to promote the Emei Travel Company brand [1] - The company is integrating its various industries, such as "Emei Snow Bud" tea and "Emei Memory" cultural products, for collaborative marketing efforts [1]

Core Insights - The article highlights the proactive measures taken by various stakeholders in China's cultural and tourism sectors to enhance visitor experiences during the recent holiday period [1][2][3] Group 1: Service Enhancements - There has been a significant increase in the availability of comprehensive travel guides, catering to various tourist needs, including public services, sightseeing routes, culinary experiences, and shopping tips [1] - On-site support for tourists has been upgraded, ensuring a full-service experience that enhances safety and hospitality throughout the journey [1] Group 2: Content Innovation - Interactive participation has emerged as a new highlight, with various engaging activities such as themed parades and immersive experiences becoming standard in tourist attractions [1][2] - Cultural and tourism sectors are increasingly collaborating to create new activities that blend tourism with local events, enhancing the overall visitor experience [2] Group 3: Non-Material Cultural Heritage - There is a growing emphasis on showcasing and transmitting intangible cultural heritage, with activities like traditional performances and hands-on workshops being integrated into tourist experiences [2] - Stakeholders are working together to expand the reach of non-material cultural heritage, thereby enriching cultural tourism offerings and stimulating new market demands [2] Group 4: Immersive Experience Development - The creation of immersive experience spaces is on the rise, utilizing various themes and technologies to evoke new consumer feelings and demands [3] - New marketing strategies are being employed to effectively promote tourism offerings, ensuring that consumer needs are met through seamless online and offline interactions [3] Group 5: Overall Industry Progress - The collective efforts of various stakeholders in the cultural and tourism sectors reflect a commitment to adapting to evolving consumer demands and market transformations [3] - The proactive steps taken, while perhaps modest, demonstrate a strong confidence and determination that invigorates the Chinese cultural tourism industry [3]

从传统产业的迭代升级到新兴业态的蓬勃兴起，从文化资源的活化利用到地域特色的创新表达，各地正以多元探索激活发展动能，书写高质量发展新篇章。 ■煤炭大市鄂尔多斯的十足底气与华丽转型 内蒙古鄂尔多斯，是享誉全国的煤炭大市。这里因煤而兴，底气十足。但今天的鄂尔多斯，早已突破"一煤独大"的格局，以"羊煤土气"之姿，走出一条资源 型城市的华丽转型之路。 近年来，阿者科村积极探索"农耕文化+旅游"的发展模式，既保护了传统村落风貌，也让村民端起"生态饭碗"，古老的农耕文明在互动与体验中得以传承并 焕发新生。 10:01 ■河北：智能建造推动建筑业转型升级 近年来，河北以开展智能建造试点工作为契机，加快推动建筑业与先进制造技术、新一代信息技术深度融合发展，完善支持政策、推广新技术，培育领军企 业、打造试点项目。河北不断探索优化建筑信息模型应用、钢结构构件智能生产、施工现场智慧管理和机器人辅助施工，在全省培育了62个智能建造试点项 目、9个示范基地和21个国家级装配式建造基地，实施800多个建筑信息模型技术应用项目。 ■云南阿者科：蘑菇房前庆丰收 农耕体验引客来 深秋时节，入选联合国旅游组织"最佳旅游乡村"名单的云南元阳阿者科村 ...

来源：环球网 "大杠坪海拔高度2460米，位于贡嘎山正东面，直线距离15km左右，两山之间基本上没有阻挡，观看贡 嘎雪山主峰的角度更佳，位置更佳，看贡嘎群山更全！"10月22日，甘孜州古鲁海文化旅游发展有限公 司总经理邱刚说，"古鲁海清澈照人，贡嘎雪山倒映水中是一绝，日照贡嘎金山光线'反射'大杠坪那才 漂亮！" 在大杠坪，除了观赏贡嘎雪山外，这里还有连绵不断的原始森林和峡谷，春夏之际、各种高山杜鹃、甘 孜木兰等开花植被热烈开放，漫山遍野。随着景区景点打造进度的推进，即将揭开其神秘面纱。 据了解，泸定县德威镇海子村大杠坪距县城只有40分钟左右车程，全程路面硬化，开车可直达山顶。 邱刚表示，"目前，基础设施基本完成，相关工作正有序推进，预计年底基本具备一定的接待能力。" （文/王建明 古鲁海文旅公司供图） ...

来源：环球网 今年"双节"期间，红色地标泸定桥景区再度成为全国游客的热门打卡地，共接待游客73446人次，同比 实现稳中有升。作为国家级红色旅游经典景区，泸定桥不仅承载着厚重的革命历史，更在新时代不断探 索红色文化的创新表达。 日，来自广西贺州的何大爷在泸定桥头用手机视频方式给老家亲人分享参观心情 王建明摄） 在红色铸县战略引领下，泸定县持续推动红色演艺与科技融合。大型舞台剧《飞夺泸定桥》自2018年首 演以来，历经多次打磨提升，以音乐、舞蹈、多媒体等综合艺术手段，再现夺桥战役的震撼场景。该剧 累计演出超1650场，观众逾十万人次，成为川西地区红色演艺的标杆项目。 更令人瞩目的是，泸定县投资5000万元打造的"飞夺泸定桥"全感元宇宙互动剧场已于今年"七一"前进行 试运行。该项目依托VR全感大空间沉浸式系统，1:1还原历史场景，让观众在行走、感官反馈与氛围模 拟中"亲历"战役全程。试运行三个月以来，反响热烈，已吸引全国20多个市州前来对接合作，推动红色 教育从"听讲"走向"体验"，为红色文化注入全新活力。 （10月22 日，来自广西贺州的部分离退休人员佩戴"红领巾"在泸定桥西桥头"河山统一"标牌前合影。王建明摄 ...

Group 1 - The service consumption sector is becoming a new engine for economic growth, driven by increasing demand and activities such as performances, music festivals, and events since 2025 [1] - In the summer season (July-August), the national box office revenue from commercial performances reached 15.135 billion yuan, showing a year-on-year growth of 3.90% [1] - Museums across the country welcomed 304 million visitors during the summer, a 2.6% increase compared to 296 million visitors in 2024, marking a historical high [1] Group 2 - The e-commerce transaction volume for tourism and sightseeing services grew by over 20% in the first three quarters [2] - The national catering revenue reached 409.89 billion yuan in the first three quarters, reflecting a year-on-year increase of 3.3% [2] Group 3 - In the summer transportation period of 2025, the total cross-regional movement of people reached 11.9 billion, averaging 192 million daily, with a year-on-year growth of 4.3% [3] - Policy incentives have led to a surge in inbound consumption, with 178 million people entering and exiting the country in the third quarter, a 12.9% increase year-on-year [3] - Among the inbound foreign visitors, 7.246 million were from visa-exempt countries, accounting for 72.2% of total inbound foreigners, which is a 48.3% increase year-on-year [3]

Core Viewpoint - The Chinese government has identified boosting consumption as a key task for 2025, emphasizing its importance for economic security, industrial upgrading, and improving people's livelihoods [1] Group 1: Importance of Consumption - Consumption is the most fundamental and stable pillar of economic growth, providing solid support for long-term development [2] - Current structural issues include an imbalance between supply and demand, with insufficient consumption and low industrial prices being prominent challenges [2] - Transitioning from an investment and export-driven growth model to one focused on domestic consumption is crucial for enhancing economic quality [2][3] Group 2: Structural Upgrades in Consumption - The shift in consumption patterns reflects a move from quantity to quality, with increasing demand for high-quality goods and services [3] - This transformation is driving supply-side responses, prompting companies to innovate in technology, business models, and service offerings [3][4] - Enhancing the quality of goods and services, particularly in sectors like elderly care and cultural products, is essential for addressing public concerns and ensuring equitable access to development benefits [4] Group 3: Potential of the Chinese Consumption Market - China's consumption market has significant growth potential, supported by a large population and a relatively low share of consumption in GDP compared to developed countries [5][6] - The current service consumption share in per capita consumption is 46.1%, lower than in Japan and the U.S., indicating room for improvement [6] - The ongoing transition in consumption patterns, particularly towards services and cultural spending, is expected to drive future growth [6] Group 4: Addressing Supply and Demand Constraints - The lack of consumer confidence and insufficient high-quality supply are major barriers to consumption growth [7] - A comprehensive approach is needed to stimulate consumption, focusing on income stability, regulatory improvements, and supply upgrades [7][8] - Strategies to increase household income and enhance the consumption environment are critical for unlocking consumer potential [8][9] Group 5: Infrastructure and Policy Support - Infrastructure investment plays a vital role in stabilizing the economy and creating a conducive environment for consumption [10] - Policies should aim to enhance the efficiency of goods and services circulation, particularly in lower-tier markets, to ensure accessibility and affordability [10]

Market Overview - The major stock indices in the market experienced fluctuations, with the Shanghai Composite Index falling below 3900 points again, and the ChiNext and STAR Market indices dropping over 1% [1] - As of the midday close, the Shanghai Composite Index decreased by 0.66% to 3888.08 points, the Shenzhen Component Index fell by 0.87%, the ChiNext Index declined by 1.1%, and the STAR Market Index dropped by 1.63% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.0582 trillion yuan [1] Sector Performance - Sectors such as semiconductors, pharmaceuticals, real estate, oil, and automobiles saw declines, while the coal sector experienced a strong rally [1] - Media and tourism sectors showed upward movement, with short drama games and shipping concepts becoming active [1] Market Sentiment and Future Outlook - Dongguan Securities indicated that the current market risk appetite is contracting, exhibiting a "high cut low" characteristic [1] - With the reduction of overseas disturbances, the domestic market is expected to enter a phase of positive catalysts, including the upcoming Fourth Plenary Session and the verification of third-quarter report performance [1] - The 20th Fourth Plenary Session is anticipated to focus on systematic deployment in areas such as new productivity, anti-involution, and green development, potentially creating thematic investment opportunities [1] - The third-quarter performance reports are expected to validate the advantages of new economic drivers, with market attention on economic indicators, which may again become the market's core focus [1]

Core Insights - Dalian Shengya (sh600593) reached its daily limit with a price of 48.61 yuan, marking a 10% increase and a total market capitalization of 6.261 billion yuan [1] Group 1: Reasons for Stock Surge - The stock surge is attributed to the introduction of strategic investor Tongcheng Travel, which is expected to provide resource support for IP operations and digital upgrades, leading to significant long-term synergies [2] - The company raised 9.56 billion yuan through a targeted issuance to repay debts, reducing its debt ratio by 86% from 85.6%, alleviating a debt burden of 1.391 billion yuan and improving its financial condition [2] - The resumption of projects in Yingkou and Zhenjiang, with over 50% of engineering progress completed, is anticipated to contribute new revenue [2] - The implementation of a restricted stock incentive plan covering 27 core employees is expected to enhance employee motivation and company performance [2] - Approval from the Dalian State-owned Assets Supervision and Administration Commission aligns with the Northeast revitalization policy, providing policy support for the company's development [2] Group 2: Market and Technical Analysis - The tourism sector has recently attracted market attention, with some tourism stocks performing actively, contributing to a capital inflow into the sector [2] - Dalian Shengya, as a tourism-related company, has drawn investor interest due to its favorable factors [2] - Technical indicators suggest that if the MACD forms a golden cross and the stock price breaks through short-term moving average resistance, it may attract more technical investors [2]