Core Viewpoint - The snow tourism index experienced significant adjustments on November 6, with notable declines in several companies within the sector [1] Company Performance - Dalian Shenya saw a sharp decline of 8.81% [1] - Jingxue Energy dropped by 6.22% [1] - Changbai Mountain decreased by 5.03% [1] - Bingshan Cold and Heat fell by 2.60% [1] - Sanfu Outdoor declined by 1.14% [1]

2025.11. 06 本文字数：504，阅读时长大约1分钟 作者 | 一财 阿驴 盘面上，电工电网概念股持续发酵；算力硬件题材反弹，存储器、GPU、服务器方向活跃。冰雪旅 游、两岸融合指数回调。 09:21 港股开盘丨恒生指数高开0.49% 恒生指数高开0.49%，恒生科技指数涨0.63%。电网设备、充电桩、能源储存概念股走强。华虹半 导体涨3%，中芯国际涨逾2%，文远知行上市首日跌近8%。 | HSTECH | 恒生科技 | 14/2 1 | 5822.19 c | 36.34 | 0.63% | | --- | --- | --- | --- | --- | --- | | HSI | 恒生指数 | Alley N | 26061.58 c | 26.17 | 0.49% | 09:31 创业板指涨幅扩大至1% 创业板指涨幅扩大至1%，沪指涨0.11%，深成指涨0.66%，存储芯片、CPO、电池等板块涨幅居 前，两市上涨个股超2000只。 09:25 A股开盘丨三大指数集体高开 沪指高开0.10%，深成指高开0.37%，创业板指高开0.60%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨 ...

Group 1 - The core point of the article highlights the record number of holidays in 2026, with a total of 33 days off and 9 days for the Spring Festival, significantly boosting market expectations for travel, tourism, and consumption [1] - The tourism sector continues to show strong performance, with the China Securities Tourism Index rising for six consecutive days, and the tourism ETF (562510) also experiencing gains [1] - There is a notable increase in interest for winter sports tourism, with a nearly 900% year-on-year rise in search volume for "outdoor ski resorts" since mid-October 2025, and a 279% increase for the early-opening Keketohai International Ski Resort [1] Group 2 - The 2025 "Special Action Plan to Boost Consumption" reiterates the commitment to promote winter sports consumption and initiate plans to enhance winter tourism, indicating a strong future outlook for the ice and snow economy [1]

Group 1 - The 2025 6G Development Conference will be held in Beijing from November 13 to 14, showcasing key technological reports on 6G scenarios such as intelligent integration and immersive communication [2] - The conference will also release 6G technology test results and upgrade the testing platform capabilities to support standard formulation and industry research and development [2] - According to the IMT-2030 (6G) Promotion Group, the number of 6G terminal connections is expected to increase by over 30 times by 2040 compared to 2022, highlighting the importance of infrastructure development [2] Group 2 - Heilongjiang Province will launch the "100-Day Action" for winter ice and snow tourism from November 8, 2025, to February 28, 2026, aiming to create a new system for all-domain ice and snow tourism [3] - The ice and snow industry is projected to exceed 1 trillion yuan in value by 2025, driven by policy and supply dividends [3] - The complete ecosystem of the ice and snow industry chain includes upstream resource development, midstream service operation, and downstream consumption, with investment opportunities in infrastructure, equipment manufacturing, and sports training [3]

Core Points - Jilin Changchun is set to create an "Ice and Snow New World" and "Powder Snow Carnival" for the new snow season, focusing on two main themes [1][2] - The city will feature a comprehensive ice and snow scene with a total of "one heart, two parks, and six venues" [1] Group 1: Ice and Snow Attractions - Changchun Ice and Snow New World will develop a "Scenic Ice Wonderland" with a total ice and snow volume of 850,000 cubic meters, including over 200 ice and snow sculptures [2] - The park will introduce various themed attractions such as a 520-meter "Passion Ice Slide," a 1,314-meter "Sky Snow Drift," and a 380-meter "Snow Lotus Dance" [2] - Changchun Powder Snow Carnival will create a "Snow Paradise," featuring the first real-life "Egg Party" snow park in the country, with a total snow volume of 213,000 cubic meters and an ice pouring area of 16,000 square meters [2] Group 2: Cultural and Historical Integration - The historical core area of Changchun, Xinmin Street, will transform into an ice and snow technology art street, showcasing themes related to the Northeast Anti-Japanese United Army and the cradle of China's automotive industry [1] - The city will develop night sky light shows and artistic installations to highlight its unique cultural heritage [1] Group 3: Skiing Facilities and Events - Changchun is positioned as a prime skiing destination, suitable for all skill levels, with facilities like the South Xili Four Seasons Snow Park designed for beginners [2] - The city will host over 200 unique ice and snow activities, providing a rich cultural and tourism consumption experience for visitors [2]

Core Viewpoint - The Harbin winter tourism season for 2025-2026 is set to offer an enhanced ice and snow experience, with significant expansions in attractions and services aimed at attracting more visitors [1] Group 1: Ice and Snow Attractions - Harbin plans to create three flagship ice and snow tourism attractions, with the Harbin Ice and Snow World expanding from 1 million square meters to 1.2 million square meters, utilizing 400,000 cubic meters of ice and snow [2] - The Sun Island Snow Expo will cover 1.5 million square meters, featuring over 260 artistic snow sculptures and various interactive experiences [2] - The Songhua River Ice Carnival will span 1.45 million square meters, offering over 60 ice and snow entertainment activities, creating a vibrant ice and snow paradise [2] Group 2: Skiing Facilities - More than 20 ski resorts will open this winter in Harbin, providing over 70 ski trails suitable for all skill levels [3] - The Yabuli National Ski Resort will open on November 7, featuring interconnected ski areas for a seamless skiing experience [3] - Nearby ski resorts have been upgraded to enhance the skiing experience for enthusiasts [3] Group 3: Tourism Services - Harbin will improve tourism services by upgrading 26 visitor centers and over 70 restrooms, enhancing visitor comfort [4] - Warm services such as heated rest areas and hot beverages will be introduced at major attractions to ensure a pleasant experience [4] - Transportation will be made more convenient with the introduction of 10 special bus lines and the addition of over 3,000 parking spaces in key areas [4]

三是夯实基础设施，构建"快进慢游"新支撑。以"畅行无忧在龙江"交通提升、"舒享畅游在龙江"旅游设 施提升行动为抓手，全面拓展旅游承载力。在航空方面，增开国际国内航线；在铁路方面，开行冰雪旅 游专列；在公路方面，加快重点风景道建设，加大亚布力、雪乡等重点景区公交线路及景区接驳车辆发 车频次，提升通行效率。智慧旅游建设方面同步推进，"一键玩龙江"小程序功能优化，全省智慧旅 游"一张网"加快形成。景区游客中心、取暖点、旅游厕所、5G网络等设施持续升级，全力营造便捷、 舒适、智能的旅游环境。 中国发展网讯 倪馨 记者袁小峰报道 11月4日，黑龙江省人民政府新闻办公室举行新闻发布会，介绍"2025— 2026年黑龙江冬季冰雪旅游百日行动"有关情况。会上，黑龙江省文化和旅游厅副厅长沈广春作主旨发 布。 沈广春表示，今冬黑龙江省定于2025年11月8日至2026年2月28日开展2025—2026年黑龙江省冬季冰雪旅 游"百日行动"，以"冰雪之冠·大美龙江"为品牌引领，系统实施"十大提升行动"，全力打造世界级冰雪旅 游度假胜地和冰雪经济高地，让每一位游客的龙江之旅成为一场安心、舒心、暖心的冰雪盛宴。 一是聚力产品供给，打造全 ...

Group 1: Starbucks China Joint Venture - Starbucks has announced a strategic partnership with Boyu Capital to form a joint venture for its retail operations in China, with Boyu holding up to 60% equity and Starbucks retaining 40% [1] - The joint venture is based on an enterprise value of approximately $4 billion, excluding cash and debt, and will manage the existing 8,000 Starbucks stores in China [1] - The goal is to expand the number of Starbucks stores in China to 20,000, leveraging Boyu's local resources and retail experience to accelerate growth in smaller cities [1] Group 2: Ice and Snow Economy - The ice and snow economy concept is gaining traction, with companies like Xue Ren Group seeing significant stock price increases, reflecting market optimism about the industry's potential [2] - Data from Tuniu indicates that over 60% of users booking ice and snow tourism products are from southern regions, highlighting a trend of southern tourists traveling north for winter activities [2] - The growth in the ice and snow economy is attributed to the continued enthusiasm for winter sports post-Olympics and innovative "ice and snow+" business models, contributing to a robust winter consumption market [2] Group 3: Harbin Ice and Snow World Expansion - Harbin is expanding its Ice and Snow World to 1.2 million square meters, incorporating more technology elements and entertainment projects to enhance visitor experience [3] - The Sun Island Snow Expo will cover 1.5 million square meters, featuring over 260 snow sculptures and various interactive activities, promoting a harmonious relationship between people and nature [3] - This expansion is seen as a strategic move to transform the ice and snow economy from attracting visitors to retaining them, thereby injecting sustained economic vitality into the region [3] Group 4: Short Drama Market Growth - The short drama concept is experiencing a resurgence, with companies like Huanrui Century hitting their stock price limits, indicating a positive market response [4] - Data from the Giant Engine shows that the supply, viewership, and likes for short dramas are growing at impressive monthly compound growth rates, with the market expected to exceed 20 billion yuan this year [4][5] - The integration of AI technology and platform support is driving this growth, creating new opportunities for media companies and showcasing the vitality of the content industry [5]

Core Viewpoint - The ice and snow industry is experiencing a strong performance driven by the early start of the 2025-2026 snow season, leading to increased consumer spending and positive financial results from related companies [1][4]. Industry Performance - On November 4, the ice and snow industry sector saw a rise of 1.35%, continuing an upward trend since October 13 [2]. - Notable individual stock performances included a 13.49% increase for Jingxue Energy (301010), and a significant rise for Dalian Shengya (600593) and Xue Ren Group, with Dalian Shengya's stock price increasing nearly 90% since October 10 [2]. Market Trends - The onset of colder temperatures has led to the early opening of outdoor ski resorts, with many skiers shifting from indoor to outdoor venues [3]. - Search volume for "outdoor ski resorts" surged nearly 900% since mid-October, indicating a strong consumer interest in ice and snow activities [3]. Company Financials - Xue Ren Group reported a third-quarter revenue of 671 million yuan, a year-on-year increase of 31.68%, and a net profit of 12.27 million yuan, up 12.73% [4]. - Changbai Mountain reported a third-quarter revenue of 401 million yuan, a 17.78% increase, and a net profit of 151 million yuan, up 19.43% [4]. Future Outlook - The ice and snow industry is projected to exceed 1 trillion yuan by 2025, with continued growth expected due to upcoming large-scale winter sports events [4].

Core Insights - The ice and snow economy stocks have shown significant activity, with companies like Dalian Shenya (600593) and Xue Ren Group (002639) hitting the daily limit, indicating strong market interest in this sector [1] Group 1: Market Performance - On November 4, several ice and snow economy stocks experienced notable gains, including a more than 13% increase for Jingxue Energy (301010) and over 7% for Changbai Mountain (603099) [1] - The early opening of ski resorts across multiple regions has led to a surge in hotel bookings, with increases of 50% to 70% compared to previous periods [1] Group 2: Consumer Behavior - A report from Qunar Travel indicated that hotel bookings in areas surrounding ski resorts have increased significantly, with a 51.6% rise in bookings for hotels in Fuyun County after the opening of the Keketohai International Ski Resort [2] - The Zhangjiakou Chongli Wanlong Ski Resort opened on October 21, leading to a 243% year-on-year increase in hotel bookings for the next three months [2] Group 3: Travel Trends - The new winter-spring flight schedule initiated on October 26 has resulted in a 23% year-on-year increase in flight bookings to Harbin, a popular ice and snow destination [3] - Southern tourists are increasingly interested in ice and snow tourism, with over 60% of bookings for related products coming from southern cities [3]