商务部副部长盛秋平表示，商务部将会同相关部门有序扩大单方面免签国家范围，进一步优化退税服 务，继续深化国际消费中心城市建设，打造一批国际消费集聚区和入境消费友好型商圈，持续打造多元 化消费场景，办好"购在中国"系列活动。 "我们将努力让全球消费者来得更方便、游得更舒心、买得更实惠，感受更加开放包容、多元创新的中 国。"盛秋平说。 （文章来源：新华社） 中国国际经济交流中心科研信息部副部长刘向东表示，培育国际消费中心城市，拓展入境消费，将促进 国内商业、文旅提质升级，有助于提升城市的国际知名度和影响力。同时，从国际经验看，入境消费能 够拉动国内消费和投资需求，为经济增长注入新动力。 2024年，境外旅客入境消费占我国GDP比重约0.5%，而世界主要国家入境消费占GDP比重在1%到3%之 间，入境消费增长潜力巨大。 刘向东建议，促进免税店、离境退税商店与文旅资源结合，打造"购物+旅游"特色场景，增强对入境游 客吸引力。在入境游热点城市增设市内免税店，开发多语言免税购物App，进一步提升外籍游客消费便 利性。 新华财经北京11月23日电（记者王雨萧）《中共中央关于制定国民经济和社会发展第十五个五年规划的 建议》提出 ...

Core Insights - The "Hui Ju Hong Ze · An Xin Le Gou" regional consumption brand in Hongze District is driving a vibrant consumer market by integrating cultural, commercial, tourism, and sports resources [1] Group 1: Consumption Growth Strategies - The implementation of large consumption coupons, such as "1500 minus 200" and "3000 minus 300," has led to significant consumer engagement, resulting in over 300 transactions and more than 1 million yuan in sales [2] - A total of 20 million yuan was invested in consumption vouchers, resulting in over 500 million yuan in consumer spending, achieving a leverage ratio exceeding 25 times [2] - The accommodation sector saw a remarkable return on investment, with hotel occupancy rates reaching 90% during the National Day holiday [2] Group 2: Event-Driven Consumer Engagement - The "Cultural Arts Week" and "Hong BA" basketball league events attracted significant public participation, enhancing the local consumer experience through cash vouchers and promotional activities [3] - The integration of cultural and sports events with commercial promotions has created a mutually beneficial environment, driving both event attendance and retail sales [3] Group 3: Innovative Consumption Mechanisms - The introduction of a "Cultural Tourism to Commercial Conversion" mechanism allows consumers to exchange receipts for discounts at local businesses, effectively creating a closed-loop consumption cycle [4] - This initiative has generated over 800,000 yuan in related consumption during the National Day holiday, extending the consumer reach and increasing purchase frequency [4] - The district plans to continue innovating consumption models and organizing seasonal shopping festivals to sustain economic growth [4]

本报讯（通讯员 王潇 柯晗）11月15日，安康高新区2025年"快乐奔跑·安康真好"文体旅商系列活动闭幕 式在北辰公园圆满举行。 演出在歌伴舞《快乐奔跑》的动感旋律中拉开帷幕，瞬间点燃现场氛围；激光舞《汉江潮音》以现代光 影技术勾勒出汉江的奔腾壮阔，国家级非遗木偶戏《清风徐来》，让观众近距离感受传统艺术的匠心魅 力。 知名乐队水木年华压轴登场，瞬间点燃全场最高热情，当《启程》的昂扬旋律响起，明快节奏瞬间唤醒 全场共鸣；《爱上你很快乐》的轻快曲调中，观众跟着节拍挥手合唱；《在他乡》的深情吟唱直击人 心，细腻情愫引发全场情感共鸣；《一生有你》的醇厚旋律缓缓流淌，熟悉的音符承载着一代人的青春 记忆，全场大合唱的声浪穿透夜空、此起彼伏。 舞台上灯光璀璨，台下荧光闪烁，歌手与观众的歌声、掌声、欢呼声交织成一片欢乐海洋，如此热烈的 氛围，让"要高兴·来高新"的美好印记深深镌刻在每一位现场观众心中。 县域联动推介环节让活动内涵更显丰富，平利县文旅推荐官全方位展示当地文旅资源，《弦子传情颂安 康》以悠扬弦音传递民族风情，接续上演的民歌联唱则用醇厚唱腔演绎陕南韵味，进一步深化了"全域 参与、共同受益"的活动宗旨。 多元融合的演 ...

Group 1 - The core point of the news is that Shanghai Dazhong Public Utilities (Group) Co., Ltd. experienced a decline in stock price by 5.29%, with the current share price at 6.45 CNY and a total market capitalization of 19.043 billion CNY [1] - The company's main business revenue composition includes gas sales at 89.67%, wastewater treatment at 4.17%, construction at 1.80%, transportation at 1.75%, commerce at 1.38%, other (supplementary) at 0.90%, municipal tunnel operations at 0.29%, and finance at 0.05% [1] Group 2 - Among the top ten circulating shareholders of Dazhong Public Utilities, a fund under Southern Fund holds a significant position. The Southern CSI 1000 ETF (512100) reduced its holdings by 516,400 shares in the third quarter, now holding 17.3627 million shares, which accounts for 0.59% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) has a current scale of 76.63 billion CNY, with a year-to-date return of 28.07% and a one-year return of 16.08% [2]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][4]. Core Views - The company has significant local advantages in its retail business, with a solid foundation in four major business formats. The parent company, Wumart Group, provides multi-dimensional support to enhance the digital and supply chain competitiveness of Xinhua Department Store. Additionally, the company is expected to benefit from quality retail operations inspired by the model of Pang Donglai, which may lead to a renewal in retail operations. The long-term competitive barriers in the local market and future operational improvement potential are viewed positively [1][6]. Financial Data and Valuation - Total revenue is projected to grow from 6,065 million yuan in 2023 to 8,121 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 15% [3][8]. - Operating profit is expected to increase from 144 million yuan in 2023 to 229 million yuan in 2027, reflecting a growth rate of 62% in 2023 and stabilizing thereafter [3][9]. - Net profit attributable to the parent company is forecasted to rise from 136 million yuan in 2023 to 182 million yuan in 2027, with a notable growth of 46% in 2023 [3][8]. - Earnings per share (EPS) is anticipated to grow from 0.60 yuan in 2023 to 0.81 yuan in 2027 [3][9]. - The price-to-earnings (PE) ratio is projected to decrease from 23.1 in 2023 to 17.2 in 2027, indicating an improving valuation [3][9]. Revenue and Profit Performance - In Q3 2025, the company achieved revenue of 1.452 billion yuan, a decrease of 1.40% year-on-year, while net profit attributable to the parent company was 22 million yuan, an increase of 3.94% [6]. - The company opened a total of 342 stores in the first three quarters of 2025, with 240 supermarkets, 14 department stores, and 88 appliance stores [6]. - The company is focusing on enhancing its regional advantages and optimizing various business formats, with significant efforts in self-operated brands and supply chain management [6]. Investment Recommendations - Xinhua Department Store is recognized as a leading retail player in Ningxia, benefiting from local advantages and multi-dimensional support from Wumart Group. The ongoing reforms are expected to rejuvenate supermarket operations, and the company is projected to maintain long-term competitive barriers in the local market [6]. The forecast for net profit attributable to the parent company for 2025-2027 has been adjusted to 142 million, 158 million, and 182 million yuan, respectively [6].

Core Viewpoint - The founder of Pang Donglai, Yu Donglai, stated that the company has no plans for large-scale development or an IPO [1]. Group 1 - Pang Donglai aims to become an exemplary school-like enterprise focused on cultural and business exchange research [3]. - The company intends to serve as a model for the industry, facilitating reference and learning through research sharing [3].

Core Insights - Inbound consumption is expected to drive domestic consumption and investment demand, injecting new momentum into economic growth [1] - Continuous policy enhancements are anticipated to further stimulate inbound consumption [1] Group 1: Current Trends in Inbound Consumption - Inbound consumption is experiencing significant growth, with a 22.3% increase in foreign visitors in Q3, totaling 20.134 million [2] - The number of foreign tourists eligible for tax refunds has surged by 229.8% year-on-year, with refund amounts increasing by 97.4% [2] - Tourists are increasingly attracted to both international brands and local products, benefiting from tax refund policies [2] Group 2: Policy Support and Innovations - The government has implemented measures to expand visa-free entry and optimize tax refund policies, contributing to the rapid growth of inbound consumption [3] - New policies have been introduced to enhance the shopping experience, including the expansion of duty-free shop categories and the introduction of new products [4] - The integration of shopping and tourism is being promoted to enhance the appeal of inbound consumption [4] Group 3: Future Recommendations - Experts suggest refining regional strategies and enhancing international recognition of domestic brands to support the ongoing growth of inbound consumption [5] - Recommendations include expanding the duty-free product list and improving the shopping experience for foreign tourists [5] - The outlook for inbound consumption remains positive, with expectations of continued growth in tourist numbers due to supportive policies [5]

Core Insights - The recent policies implemented to support duty-free shopping and enhance inbound tourism are expected to significantly boost domestic consumption and investment demand, providing new momentum for economic growth [1][3][4] Policy Enhancements - Starting from November 1, new policies have been enacted to improve the duty-free shopping experience, including the expansion of product categories in duty-free stores and the adjustment of duty-free shopping policies for travelers in Hainan [3] - The number of entry ports eligible for a 240-hour visa-free transit will increase from 60 to 65, effective November 5 [1] - The implementation of online entry card filling for foreigners will begin on November 20 [1] Consumption Trends - Inbound consumption is experiencing a notable increase, with data showing that in Q3, the number of inbound and outbound foreign travelers reached 20.134 million, a growth of 22.3% year-on-year, and visa-free inbound travelers numbered 7.246 million, up 48.3% [2] - From January to September, the number of foreign travelers who processed departure tax refunds surged by 229.8%, with the refund amount increasing by 97.4% [2] Future Recommendations - Experts suggest further refining policies to enhance regional layouts, increase international recognition of domestic brands, and improve cross-border after-sales support to sustain the growth of inbound consumption [4] - Recommendations include dynamically adjusting the duty-free product list to include emerging categories, enhancing the integration of duty-free shopping with cultural and tourism resources, and expanding the coverage of departure tax refund stores [4]

Core Insights - The sixth Qingpu Autumn Food Festival emphasizes "agriculture leading, six industries integrating" as its core concept, showcasing local intangible cultural heritage and high-quality agricultural products in a unique setting [1][3] - Since its inception in 2018, the Autumn Food Festival has become a signature event for promoting Qingpu's culinary culture and tourism resources, with this year's event taking place on a farm to highlight the ecological value and emotional experience of the "farm-to-table" concept [1][3] Summary by Sections Event Overview - The event focuses on showcasing Qingpu's agricultural and cultural tourism resources, aiming to enhance the market presence of local products from "field" to "market" and from "taste" to "heart" [3] - The festival features a blend of local and international culinary offerings, such as Spanish 5J ham and local dishes, illustrating Qingpu's geographical and cultural diversity [3] Cultural Significance - The festival serves as a medium to connect Qingpu's local customs and cultural roots, enhancing community engagement and showcasing the region's strengths [3] - The event aims to deepen the understanding of local resources and promote multi-level exchanges, highlighting the successful integration of agriculture, culture, tourism, and commerce [3] Future Directions - Plans for the 2025 Autumn Food Festival include elevating the event to a comprehensive experience that reflects the relationship between nature, culture, and heritage, reinforcing Qingpu's unique path in developing a culinary tourism destination [4]

证券代码：600682 证券简称：南京新百 公告编号：临 2025-031 南京新街口百货商店股份有限公司 2025年第三季度经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并 对其内容的真实性、准确性和完整性承担法律责任。 南京新街口百货商店股份有限公司（以下简称公司）根据上海证券交易所《上市 公司自律监管指引第 3 号——行业信息披露》之《第四号——零售》和《关于做好主 板上市公司 2025 年第三季度报告披露工作的重要提醒》的相关要求，现将公司 2025 年第三季度主要经营数据（未经审计）公告如下： 一、2025 年第三季度主要经营数据如下： （一）主营业务分行业情况 单位:元 币种:人民币 | 主营分行业 | 主营业务收入 | 主营业务成本 | 毛利率 | 营业收入比上 | 营业成本比上 | | --- | --- | --- | --- | --- | --- | | | | | （%） | 年增减（%） | 年增减（%） | | 商业 | 252,057,776.55 | 87,243,253.09 | 65.39 | -12.76 | -6.12 | ...