在过去的假期里，人们印象中的县域旅游多是赏景、拍照、消费土特产。但近两年，这一格局正在悄然 改变。从 2023 年「双减」政策落地与研学热兴起，县域开始成为「教育出城」的前沿实验区——教育 不再只发生在校园，也开始在田野、矿坑和剧场里发生。 浙江诸暨山下湖镇正是这种转变的缩影。这里原本是「中国珍珠之乡」，过去游客只是看展、买货，如 今镇里开发出「开蚌取珠」体验课，孩子可以亲手剖蚌、学习珍珠形成原理，还能现场设计饰品。商业 项目被重新定义为一堂「自然科学课」。 2025 年国庆长假，全国出行量达到 24 亿人次，但这场年度迁徙的主角，已不再只是风景区。科技馆、 自然博物馆、县域生态园、图书馆和研学营地成为新的假期「目的地」。假期不只是休闲，也成了另一 种学习。 在北京、成都、深圳等城市，科技馆几乎「一票难求」；在江西，图书馆摇身变为文化游乐场；在浙江 与宁夏的县域，孩子们走进自然课堂，在田野与实验间完成一次次实践作业。教育的场景被重新安放： 从学校的围墙，延伸到社会的每一个角落。 这场假期里的学习热，背后是一种教育结构的重组。 课堂不再是学习的唯一入口，社会空间正在成为新的教育基础设施——从地方文旅到公共文化场 ...

Core Insights - During the National Day holiday, the tourism market in Xiaoshan District experienced a peak in visitor numbers, receiving 4.483 million tourists, a year-on-year increase of 14.4%, with 46.7% of visitors coming from outside the province [1] - Key scenic spots and rural tourism projects welcomed 662,500 visitors, generating revenue of 34.9193 million yuan, with 292,400 visitors to 4A scenic spots [1] - Cultural and tourism activities were diverse, with significant participation in events such as the "Ji Gong" NPC interaction at the Oriental Culture Park, which saw a 556% increase in visitors [1] Tourism and Cultural Activities - The Xiaoshan District library was open during the holiday, attracting over 20,000 visitors and lending nearly 10,000 books, alongside hosting a National Day themed concert [1] - The Xiaoshan Museum and other local museums offered pottery workshops, drawing many families, while the non-heritage star space hosted a market event that attracted nearly 40,000 visitors [1] - Various cultural activities, including a national trend market and outdoor movies, were organized at scenic spots like Xianghu Lake, enhancing visitor engagement [1] Sports and Events - The Hangzhou Olympic Sports Center hosted two concerts, attracting 20,000 attendees and generating nearly 100 million yuan in comprehensive consumption [2] - Sports events such as karate competitions and amateur basketball tournaments were held, with major sports venues open for free, receiving over 30,000 visitors during the holiday [2] - Accommodation facilities in Xiaoshan received 354,000 overnight guests, a 15.4% increase year-on-year, with high-quality hotels reporting occupancy rates exceeding 90% [2] Collaborative Initiatives - From October 1 to the end of the year, Xiaoshan's tourism sector partnered with Didi Chuxing to launch the "Eleven Tour Xiaoshan" series, offering 10 million yuan in travel vouchers and creating a "mobile tourism window" to enhance visitor experience [2] - The "One Ticket Tour Xiaoshan" initiative was introduced, providing discounts on scenic spots, hotels, and dining services to attract more tourists [2]

Group 1 - The core viewpoint highlights the significant increase in domestic tourism in Hulunbuir during the National Day and Mid-Autumn Festival, with a total of 1.6184 million visitors, representing a year-on-year growth of 11.17% [1] - The peak autumn scenery in Hulunbuir during the holiday period attracted tourists, with the city promoting three major brands and offering premium self-driving routes that connect various scenic spots [1] - Diverse activities such as the Nadam Fair, reindeer interactions, bread-making, and Mongolian-Russian food festivals contributed to the influx of visitors, enhancing the overall tourist experience [1] Group 2 - The newly opened Hulunbuir Natural Museum, along with the Hulunbuir Ethnic Museum and History Museum, created a "three-museum linkage" that attracted 21,000 visitors from October 1 to 4, showcasing local culture and natural resources [2] - To improve visitor experience, Hulunbuir upgraded the "Smart Hulunbuir" app, integrating features for itinerary planning, attraction navigation, food recommendations, and feedback, ensuring comprehensive service coverage [2]

Core Insights - Zhengzhou is enhancing its cultural tourism and aiming to become an international consumption center, with a target of receiving 170 million domestic and international tourists and achieving over 200 billion yuan in tourism revenue by 2024 [11] - The city is focusing on integrating culture and tourism, leveraging its historical significance and modern attractions to create a vibrant tourism ecosystem [19] Cultural Tourism Development - Zhengzhou has been recognized for its cultural tourism initiatives, including the establishment of national-level tourist attractions and the promotion of cultural events [11][12] - The city has developed a comprehensive exhibition system showcasing its rich cultural heritage, with 116 museums contributing to its identity as a "City of Museums" [12][13] Modern Attractions and Youth Engagement - New urban developments like the "Bohdu New Symbol" commercial district are designed to attract younger audiences, blending historical elements with modern consumer experiences [15][16] - The city is fostering a vibrant cultural scene with various theme parks and entertainment venues, enhancing its appeal to both domestic and international tourists [16][20] Integration of Technology and Culture - Zhengzhou is utilizing digital technologies in cultural presentations, such as the Dahu Village Archaeological Museum, which employs advanced techniques to create immersive experiences [12][13] - The rise of micro-dramas as a new form of cultural expression is being supported by local government initiatives, promoting the integration of storytelling with tourism [17][18] Performing Arts and Events - The city is positioning itself as a hub for performing arts, with numerous concerts and theatrical performances attracting large audiences and boosting local consumption [20][21] - Major events and performances, such as the "Only Henan: Drama Wonderland," are recognized as benchmarks for cultural tourism integration, drawing significant visitor numbers [21]

Core Insights - Shanghai hosted the "Love Shopping in Shanghai, Enjoy Double Festivals" series of events during the National Day and Mid-Autumn Festival, featuring three main themes: "Gourmet Delights," "Discounted Products," and "Nighttime Shows" [1] Consumption Data - During the holiday period from October 1 to October 8, Shanghai's online and offline consumption payment amounted to 79.6 billion yuan, representing a year-on-year growth of 3.0% [1] - Meituan reported a 7.5% year-on-year increase in restaurant sales in Shanghai [1] Key Business District Performance - Key business districts in Shanghai saw a year-on-year sales increase of 10.2%, with specific districts like Nanjing East Road, Nanjing West Road, and Zhongshan Park experiencing sales growth of 23.2%, 22.7%, and 29.4% respectively [1] Night Economy Growth - The nighttime economy in five popular locations in Shanghai recorded a year-on-year consumption increase of 15.3%, with a week-on-week growth of 31.8% prior to the holiday [1] - Notable growth in specific venues included West Bund Dream Center and Wujiang Road - Fengshengli, which saw increases of 111.9% and 28.0% respectively [1] - Among five nightlife hotspots, Changning's "Shangsheng Night Unending" and Jing'an Joy City Night Food Terrace reported consumption growth of 104.1% and 35.4% respectively [1] International Visitor Spending - There was significant spending activity from international visitors during the holiday, with the number of tax refund claims increasing sixfold year-on-year and sales amounting to a 7.2% increase [1] - The main categories of tax refund goods purchased by inbound visitors included sportswear, electronics, and international brands [1]

市场概况 2025年10月9日，三大指数大幅上涨，其中沪指上涨1.32%，收报3933.97点；深证成指上涨1.47%，收报13725.56点；创业板 指上涨0.73%，收报3261.82点。今日两市成交额26527亿元，与上个交易日相比增加约4716亿元。 01 | 行业名称 | 今日涨跌幅↓ | 5日涨跌幅 | 30日涨跌幅 | 今年以来 | | --- | --- | --- | --- | --- | | 自每天懂 | 7.6% | 7.6% | 24.3% | 80.2% | | 钢铁 | 3.4% | 3.4% | 3.4% | 22.6% | | 煤炭 | 3.0% | 3.0% | 4.5% | -5.1% | | 必崩畫亦 | 2.6% | 2.6% | 2.8% | 3.5% | | 电子 | 2.2% | 2.2% | 12.5% | 56.9% | | 建筑装饰 | 2.2% | 2.2% | 3.0% | 7.8% | | 电力设备 | 2.0% | 2.0% | 27.5% | 46.6% | | 计算机 | 1.9% | 1.9% | -1.5% | 30.5% | | 基础化工 ...

Core Insights - The report emphasizes the importance of monitoring the U.S. government shutdown and its impact on economic data and market sentiment, alongside the upcoming 20th Central Committee meeting in China, which will focus on the "14th Five-Year Plan" [4][2] - The market is expected to continue a trend of oscillating upward, supported by positive domestic PMI data and expectations surrounding the "14th Five-Year Plan" [4][2] - The report highlights a potential increase in foreign capital inflows in the fourth quarter, which could support the A-share market [4][2] - The core investment direction is likely to remain focused on technology assets in the near term [4][2] October Stock Picks - The October stock picks include: - China Southern Airlines (Transportation) - COSCO Shipping Specialized Carriers (Transportation) - Tongkun Co., Ltd. (Chemicals) - Yake Technology (Chemicals) - CATL (Electric New Energy) - Lingnan Holdings (Social Services) - Jinghe Integrated (Electronics) - Shenzhen South Circuit (Electronics) - GoerTek (Electronics) - Jieshun Technology (Computers) [9][10] September Performance Review - The September stock portfolio outperformed the market, with notable monthly returns exceeding 30% for CATL and Zhaoyi Innovation, and an absolute return of 4.64%, outperforming the market benchmark by 1.44 percentage points [5][6] Transportation Sector: China Southern Airlines - China Southern Airlines is a leading airline service provider with a significant market share and a robust hub network centered in Guangzhou and Beijing. The company is expected to achieve a revenue of 174.22 billion yuan in 2024, reflecting an 8.94% year-on-year growth [11][12] - The airline industry in China has seen a 172.8% growth in passenger transport over the past 15 years, with a projected domestic passenger transport volume of 730 million in 2024, a 17.86% increase [12][13] Transportation Sector: COSCO Shipping Specialized Carriers - The company reported a 44.05% year-on-year increase in revenue for the first half of 2025, reaching 10.775 billion yuan, with a net profit of 825 million yuan, marking a 13.08% increase [14][15] - The demand for specialized vessels remains strong, particularly in the automotive shipping segment, which saw a 439.87% increase in revenue [15][16] Chemicals Sector: Tongkun Co., Ltd. - The company experienced an 8.41% year-on-year decrease in revenue for the first half of 2025, totaling 44.158 billion yuan, with a notable decline in polyester filament prices due to fluctuating oil prices [16][17] - The gross profit margin improved to 6.76%, reflecting a 0.57 percentage point increase year-on-year [17][18] Chemicals Sector: Yake Technology - The company reported steady revenue growth driven by LNG and electronic materials, with a gross profit margin of 31.82% in the first half of 2025 [19][20] - The electronic materials segment saw a 15.37% year-on-year revenue increase, with significant contributions from semiconductor chemical materials [20][21] New Energy Sector: CATL - CATL is projected to achieve a net profit of 50.745 billion yuan in 2024, a 15.01% increase year-on-year, with a total revenue of 362.013 billion yuan [23][24] - The company maintains a leading position in the global battery market, with a 37.9% market share in 2024 [24][25] Social Services Sector: Lingnan Holdings - The company reported an 8.52% year-on-year increase in revenue for the first half of 2025, totaling 2.09 billion yuan, with a net profit of 50 million yuan, reflecting a 24.39% increase [26][27] - The opening of a city duty-free store is expected to enhance customer flow and boost related tourism industry growth [27][28] Electronics Sector: Jinghe Integrated - The company achieved a 28% year-on-year revenue increase in 2024, totaling 9.249 billion yuan, with a net profit of 533 million yuan, marking a 152% increase [29][30] - The company is focusing on optimizing product structure and upgrading technology processes to maintain competitive advantages [30][31] Electronics Sector: Shenzhen South Circuit - The company reported a 25.63% year-on-year revenue increase in the first half of 2025, reaching 10.453 billion yuan, with a net profit of 1.36 billion yuan [32][33] - The PCB business saw a 29.21% year-on-year increase in revenue, driven by demand in communication and data center sectors [33][34]

Report Summary 1. Core Views - China takes a solid step in extraterritorial jurisdiction, with the Ministry of Commerce announcing export controls on relevant rare earth items and technologies, and adding 14 foreign entities to the unreliable entity list. It also implements export controls on items like superhard materials, some rare earth equipment and raw materials, some medium and heavy rare earths, lithium batteries, and artificial graphite anode materials [2]. - Three departments including the Ministry of Industry and Information Technology adjust the technical requirements for new - energy vehicle purchase tax exemptions from 2026 - 2027. The pure - electric driving range of plug - in hybrid and extended - range passenger cars is adjusted from 43 kilometers to no less than 100 kilometers [2]. - The consumer market shows good growth during the National Day and Mid - Autumn Festival holidays this year. Domestic tourism spending reaches 809.006 billion yuan, an increase of 108.189 billion yuan compared to the 7 - day National Day holiday in 2024. The average daily sales revenue of consumption - related industries nationwide increases by 4.5% year - on - year, with commodity consumption and service consumption increasing by 3.9% and 7.6% respectively [2]. - With the continuous advancement of environmental protection production restrictions, most steel mills' sintering machine production restriction ratio increases from 30% to 40% - 50%. Some steel mills' existing iron ore inventories may not last until the end of the production restriction on the 20th. If transportation restrictions continue, raw material supply shortages may lead to blast furnace shutdowns or reduced production loads, and the blast furnace capacity utilization rate is expected to decline slightly in the next 1 - 2 weeks [3]. - The National Development and Reform Commission formulates the application and allocation rules for grain import tariff quotas in 2026. The total cotton import tariff quota in 2026 is 894,000 tons, with 33% being state - trading quotas. The total grain import tariff quotas are 963,600 tons for wheat (90% state - trading quotas) and 720,000 tons for corn (60% state - trading quotas) [3]. 2. Industry Investment Rating No industry investment rating information is provided in the report. 3. Other Summaries 3.1 Plate Performance - Key focus: Urea, coking coal, live pigs, Shanghai copper, and crude oil [4]. - Night - session performance: The report presents the night - session price changes and position - increasing ratios of commodity futures main contracts [4]. - Capital proportion of each commodity plate: Non - metallic building materials account for 2.61%, precious metals 31.86%, oilseeds 10.16%, soft commodities 2.55%, non - ferrous metals 20.98%, coal - coking - steel - ore 12.52%, energy 2.93%, chemicals 11.80%, grains 1.11%, and agricultural and sideline products 3.48% [5]. - Plate positions: The report shows the position changes of commodity futures plates in the past five days [6]. 3.2 Performance of Major Asset Classes | Category | Name | Daily Return (%) | Monthly Return (%) | Year - to - Date Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | 1.32 | 1.32 | 17.37 | | | SSE 50 | 1.06 | 1.06 | 12.51 | | | CSI 300 | 1.48 | 1.48 | 19.68 | | | CSI 500 | 1.84 | 1.84 | 31.84 | | | S&P 500 | - 0.28 | 0.70 | | | | Hang Seng Index | - 0.29 | - 0.38 | 33.36 | | | German DAX | 0.06 | 3.06 | 23.62 | | | Nikkei 225 | 1.77 | 8.12 | 21.77 | | | FTSE 100 | - 0.41 | 1.70 | 16.35 | | | 10 - Year Treasury Bond Futures | 0.15 | 0.19 | - 0.81 | | Fixed - Income | 5 - Year Treasury Bond Futures | 0.07 | 0.09 | - 0.76 | | | 2 - Year Treasury Bond Futures | 0.02 | 0.02 | - 0.56 | | Commodity | CRB Commodity Index, WTI Crude Oil | - 0.92, - 1.68 | - 0.42, - 1.58 | 0.88, - 14.49 | | | London Spot Gold | - 1.60 | 3.06 | 51.51 | | | LME Copper | 1.01 | 4.67 | 22.72 | | | Wind Commodity Index | 2.92 | 2.92 | 33.88 | | Other | US Dollar Index | 0.56 | 1.62 | - 8.37 | | | CBOE Volatility Index | 0.00 | 0.12 | - 6.05 | [8]

烟台市文化和旅游局相关负责人介绍，"烟台市红色基因特色村旅游资源线上展示平台"近期已经正 式上线。该平台将依托数字化手段，为游客提供更全面、便捷、智能的旅游信息服务，助力红色旅游提 质升级与高质量发展。 今年国庆假期，烟台的文化体验线路也深受游客好评。因为连日阴雨，部分游客选择走进文博场 馆，品读城市的文化根脉，用"心灵慢游"取代景区喧嚣。其中，王懿荣纪念馆推出公益讲解活动，专业 讲解员带领观众重温"甲骨文之父"王懿荣从"龙骨"识文的传奇历程，感受汉字三千年演变的魅力。为满 足市民游客的欣赏需求，烟台市博物馆延长开放时间至晚上7点，策划推出"月圆花灯映，邀明共赏 秋"主题灯笼DIY活动，邀请游客亲手制作灯笼。活动伊始，博物馆工作人员还深情讲述中秋节的由来 及其丰富多彩的节日习俗，之后重点阐述中秋节灯笼的文化内涵，并详细指导大家如何巧妙利用手中的 材料亲手制作灯笼。 如果说文化是旅游的灵魂，那么具有深厚历史与人文积淀的工业园区，则是独特的记忆载体和旅游 资源。假日期间，以胶东醴泉啤酒工厂为代表的老厂房、老厂址迎来大批年轻游客打卡。"头一次听说 烟台啤酒的牌子，既然靠近大海，啤酒一定口味不错。"来自安徽省合肥市的 ...

10月8日，记者从济南市文化和旅游局获悉，"双节"期间，全市纳入监测的30家景区累计接待游客 403.47万人次，实现营业收入13294.20万元。全市累计接待持证留宿旅客96.01万人次，重点监测的山东 大厦、贵和洲际、喜来登、香格里拉、舜耕山庄等20家旅游住宿设施累计接待4.49万人次，实现营业收 入4024.61万元。 国庆中秋假期，济南以"泉声秋韵 双节同庆"为主题策划推出国庆游园、登山赏秋、文博展览、泉 城好戏、美丽乡村五大主题200多项文化和旅游活动，有效满足市民游客多样化出游需求。 此外，这个假期济南一批新文旅项目开门纳客，全方位丰富产品供给。焕新亮相的后宰门街成为最 热打卡地，以李清照IP打造"清照小院"，游客身着汉服参与宋词吟唱与笺纸手作，沉浸式感受易安文 化；上新街"上新集"联合"银盐复古市集"开市，复古文创、非遗手作与live演出融合，新旧业态的碰撞 让百年老街焕发新生，展现着济南的市井烟火与文化底蕴。（记者 孙业文 通讯员 王小曼） 经典景区以"国潮"和"沉浸"为特色的都市游园活动，成为吸引市民和游客的主力。其中，天下第一 泉风景区推出"泉颂华章"游园会，串联趵突泉、大明湖等四大园区， ...