Group 1 - The stock price of Tianmu Lake dropped by 5.04% to 13.00 CNY per share, with a trading volume of 182 million CNY and a turnover rate of 5.11%, resulting in a total market capitalization of 3.512 billion CNY [1] - Jiangsu Tianmu Lake Tourism Co., Ltd. was established on September 15, 1992, and listed on September 27, 2017. The company focuses on the development and management of tourism scenic areas [1] - The main revenue composition of the company includes: hotels 29.74%, landscape gardens 27.58%, Nanshan Bamboo Sea 25.10%, hot springs 7.89%, others 6.70%, travel agency 1.61%, and water world 1.39% [1] Group 2 - The top circulating shareholder of Tianmu Lake includes a fund from the Fortune Fund, specifically the Fortune CSI Tourism Theme ETF (159766), which entered the top ten circulating shareholders in the second quarter with 1.7449 million shares, accounting for 0.65% of circulating shares [2] - The Fortune CSI Tourism Theme ETF (159766) was established on July 15, 2021, with a latest scale of 2.955 billion CNY. Year-to-date return is 7.55%, ranking 3656 out of 4222 in its category; the one-year return is 29.76%, ranking 3249 out of 3813; and since inception, it has a loss of 24.21% [2] Group 3 - The fund manager of the Fortune CSI Tourism Theme ETF (159766) is Cao Ludi, who has been in the position for 5 years and 127 days. The total asset scale of the fund is 13.739 billion CNY, with the best fund return during the tenure being 109.23% and the worst being -44.98% [3]

数据宝统计，截至10:17，云南旅游成交额10.23亿元，创2022年4月14日以来新高。最新股价上涨 8.44%，换手率13.02%。上一交易日该股全天成交额为1.31亿元。 （文章来源：证券时报网） 据天眼查APP显示，云南旅游股份有限公司成立于2000年12月29日。注册资本101243.4813万人民币。 （数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 ...

Core Insights - The case "Integration of Intangible Cultural Heritage Handicrafts into Shenyang Palace Scenic Area" was selected as an excellent case in the 2025 "Blue Book on the Integration of Intangible Cultural Heritage and Tourism Development" at the Third China Intangible Cultural Heritage Protection Year Conference [1] Group 1: Cultural Heritage and Tourism Integration - Shenyang Palace is a significant example of the fusion of Manchu and Han architectural arts, serving as an important relic for studying Manchu culture, court culture, and ancient architectural techniques [1] - The Shenyang Palace Museum has created a comprehensive platform for intangible cultural heritage representatives and designers, integrating creation, display, sales, and experience [1] - The scenic area has introduced dozens of intangible cultural heritage projects, such as "Li's Folk Paper Folding Technique" and "Li Yongli's Nut Carving Technique," promoting the collaborative development of intangible cultural heritage and cultural industries [1] Group 2: Regional Policy and Implementation - The province places high importance on the protection and transmission of intangible cultural heritage, having introduced specific plans to promote the deep integration of intangible cultural heritage and tourism [1] - Innovative approaches have been adopted to incorporate performance art intangible cultural heritage projects into tourism settings, utilizing permanent performances and weekend events in scenic areas [1] - The goal is to achieve a deep integration of traditional culture centered around intangible cultural heritage with tourism experiences [1]

Core Insights - The "Su Chao" football league has become a phenomenon in Jiangsu, with significant attendance and viewership, leading to increased local tourism and consumption [1][2][3] Group 1: Event Popularity and Attendance - The "Su Chao" league has attracted a total of 1.494 million attendees by August 31, averaging about 24,900 spectators per match, with online viewership exceeding 1.33 billion [1] - The ticket winning rate for the Nantong team's home games is only 4.5%, indicating high demand and competition for tickets [1][3] Group 2: Economic Impact and Consumer Behavior - 95.9% of attendees reported spending beyond ticket costs, with 5.9% of them indicating that the event stimulated additional consumption [6] - The average expenditure for out-of-town visitors ranges from 1,000 to 2,000 yuan, highlighting the economic impact of the league on local businesses [6] Group 3: Government Initiatives and Plans - The Jiangsu provincial government has launched a three-year action plan to leverage the "Su Chao" league for cultural tourism development, promoting various promotional activities and collaborations [2][9] - The plan includes initiatives like "Su Chao Carnival" and "Su Chao Night Economy" to enhance the synergy between sports events and local tourism [2][9] Group 4: Local Business Engagement - Local businesses are capitalizing on the "ticket root economy," offering discounts and promotions linked to "Su Chao" tickets, which has led to increased foot traffic and sales [6][8] - For instance, the Nantong Wanda Plaza set up large screens for immersive viewing experiences, attracting significant crowds and generating substantial sales [4][5] Group 5: Broader Implications for Cultural and Economic Integration - The "Su Chao" league is seen as a key driver for integrating sports, culture, and commerce in Jiangsu, with plans to develop themed travel routes and enhance local brand visibility [9][10] - The league's success is attributed to Jiangsu's strong consumer base, extensive transportation network, and cultural heritage, which collectively support its growth [11]

Core Viewpoint - Dalian Shengya Tourism Holdings Co., Ltd. has approved the "2025 Restricted Stock Incentive Plan (Draft)" and its summary during the board and supervisory meetings held on July 26, 2025, and has publicly disclosed the list of initial incentive recipients [1][7]. Disclosure Situation - The company published the list of initial incentive recipients on August 19, 2025, through internal bulletin boards and the OA system, with the public disclosure period lasting until August 28, 2025 [1][7]. Verification Situation - The supervisory board verified the list of initial incentive recipients, including their identification documents, employment contracts with the company and its subsidiaries, and their positions within the company [3][9]. Verification Opinions - The supervisory board confirmed that the individuals listed as initial incentive recipients meet the qualifications and conditions set forth in relevant laws and regulations, including the Company Law and the Securities Law [4][10]. - None of the initial incentive recipients fall under the disqualifications outlined in Article 8 of the Management Measures, such as being deemed inappropriate candidates by the stock exchange or the China Securities Regulatory Commission (CSRC) within the last 12 months [5][11]. - The initial incentive recipients are all directors, senior management, middle management, and key employees of the company and its subsidiaries, excluding independent directors, supervisors, and shareholders holding more than 5% of the company's shares [6][12]. - The basic information regarding the initial incentive recipients is accurate, with no falsehoods or significant omissions [6][12].

证券日报网讯 9月19日晚间，曲江文旅发布公告称，公司股票于2025年9月18日、9月19日连续两个交易 日内日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经公司董事会自查及发函询问 控股股东，截至本公告披露日，公司控股股东不存在应披露而未披露的重大信息。 （编辑 任世碧） ...

Market Overview - A-share market closed with a total of 60 stocks hitting the daily limit, with 50 stocks after excluding 10 ST stocks, and a total limit sealing rate of 69.77% [1] Top Performers - The highest limit sealing volume was seen in Gongyuan Co. with 922,300 hands, followed by Yunnan Tourism, Hongdou Co., and Dongruan Group with 326,300 hands, 229,400 hands, and 224,900 hands respectively [2] - Tianpu Co. achieved 13 consecutive limit ups, while Taimushi and Hangdian Co. had 5 and 4 consecutive limit ups respectively [2] Significant Capital Inflows - 17 stocks had limit sealing funds exceeding 100 million yuan, with Taimushi, Gongyuan Co., and Dongruan Group leading at 488 million yuan, 470 million yuan, and 254 million yuan respectively [2] Industry Highlights: Semiconductor - Companies in the photolithography and photoresist sector saw limit ups, including Kaimeteqi, Yongxin Optics, Xilong Science, Fuzheng Technology, and Huasoft Technology [3] - Kaimeteqi's electronic specialty gases are widely used in semiconductor processes, while Yongxin Optics produces photolithographic lenses for PCB equipment [3][4] Industry Highlights: Tourism - Yunnan Tourism, Qujiang Cultural Tourism, and Guilin Tourism experienced limit ups [5] - Yunnan Tourism has a comprehensive service capability in the cultural tourism industry, while Qujiang Cultural Tourism manages several national scenic spots [5] Industry Highlights: Optical Communication - Changfei Optical Fiber and Shijia Technology saw limit ups in the optical communication sector [6] - Changfei Optical Fiber maintains a leading position in market share and product development in the optical fiber and cable industry [6] Institutional and Retail Activity - Ganfeng Lithium received a net purchase of over 100 million yuan from the Shenzhen Stock Connect, leading the net buying list along with Kaimeteqi and Hongrun Construction [7] - Institutional net buying was also significant in Ganfeng Lithium, Hangaogroup, and Yuma Technology [7]

Core Insights - The report "China County Tourism Competitiveness Report 2025" highlights the top 100 districts and counties in China for tourism competitiveness, with Huancui District and Rongcheng City making the list [1][2] Group 1: Huancui District Developments - Huancui District is focusing on high-quality tourism projects, with 26 cultural and tourism projects planned, totaling an investment of 9.03 billion yuan [1] - Key projects include the operation of hotels such as Ibis and Hilton Garden Inn, and the development of family-friendly attractions and off-road experiences centered around the Likou Mountain Scenic Area [1] - The district is enhancing its tourism appeal by creating popular social media spots and planning new cultural tourism scenes along the scenic self-driving route [1] Group 2: Rongcheng City Initiatives - Rongcheng City aims to establish itself as an international coastal leisure and vacation destination, with a focus on year-round tourism [2] - The northern area features attractions like Naxianghai and Wenshitan beaches, and hosts events such as the immersive performance "Dongxun: Chengshan Fu" and the Naxianghai Island Cultural Festival [2] - The city is optimizing tourism offerings in the central area and has introduced new dining and entertainment options to enhance the attractiveness of the urban center [2]

Group 1 - The board of directors of Emei Mountain Tourism Co., Ltd. held its 149th meeting on September 15, 2025, via telecommunication voting, with all five directors present [2] - The meeting was conducted in accordance with the Company Law of the People's Republic of China and the company's articles of association [2] - The board approved the proposal to amend the "Rules of Procedure for the General Manager's Office Meetings" with a unanimous vote of 5 in favor, 0 against, and 0 abstentions [3] Group 2 - The full content of the amended rules will be disclosed on the company's official information platform [3] - The announcement was made by the board of directors on September 18, 2025 [4]

Core Points - From September 15, 2025, to September 14, 2026, China will implement a visa-free policy for Russian passport holders, simplifying the entry process for Russian visitors [1] - The implementation of the visa-free policy has led to a significant increase in Russian tourists, with over 1,000 entries recorded on the first day, representing a 104% year-on-year growth [5] - The policy has positively impacted local businesses, with an increase in inquiries and bookings at tourist attractions in Hunchun, as well as a noticeable rise in Russian customers in supermarkets and specialty stores [5][6] Summary by Category Visa Policy - The visa-free policy allows Russian tourists to enter China more conveniently, requiring only a form to be filled out upon arrival [3] - The policy is expected to enhance cross-border tourism and strengthen ties between China and Russia [1] Tourism Impact - Hunchun has seen a 20% increase in tourist bookings from Russian visitors compared to the same period last year [6] - Other border cities like Heihe and Suifenhe are also experiencing a surge in Russian tourists, with local markets becoming popular destinations [8] Local Business Response - Local businesses are adapting to the influx of Russian tourists by providing services in Russian and enhancing the shopping experience [8][11] - The introduction of a tax refund policy for foreign shoppers in Jilin province further boosts consumer spending potential [6]