炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：广昌看世界 亲爱的复星同学们、战友们： 岁末的钟声渐近，我刚结束欧洲出差的行程回到中国，虽然行程紧凑，但我还是挤出时间，忙里偷闲， 踏上了Club Med在阿尔卑斯山脉的雪道。山间雪景壮阔，暖阳洒在肩头，此景此情，我不禁回望复星 的2025年，好似又一场振奋人心的攀登之旅。今年的山路上有风有雨，都在考验我们。但我们心里认准 一句话，山再高，往上攀，总有登顶的一天。靠着这份信念，我们扎实地走在创新、全球化的路上，每 一步都踩得稳健。 Club Med地中海俱乐部·瓦勒迪泽尔度假村 要谢谢每一位同行的复星人，有你们在，复星攀登的路上从不孤单。 回想这一年，可以说是中国的生物医药全球化创新的爆发之年。我们的大健康产业在过去多年以来一直 坚持源头创新，所以在今年也收获了一些阶段性的成果：复迈宁正式临床使用，补上了国内肿瘤罕见病 治疗的空白；复妥宁开出首张处方，第二款CAR-T产品也进入审批；汉斯状胃癌围术期III期研究成功， 成为全球首个用免疫单药替代术后化疗的方案；我们的口服GLP-1药物授权辉瑞全球开发，说明我们生 物药的创新力已经得 ...

企查查APP显示，近日，惠州市惠阳区岐山度假村发展有限公司、王自如被执行案件更新，王自如被法 院签发限制消费令。据悉，该起案件涉及与交通银行股份有限公司惠州分行间借款合同纠纷，因王自如 未按期履行生效法律文书确定的给付义务，法院对其采取限制消费措施。据此前报道，王自如与岐山度 假村发展公司因此案被执行246万元。 ...

尽管已签订相互终止契约，公司仍计划继续开展Naga3项目。公司将评估Naga3的余下发展计划，并探 索其他资金渠道。 本文源自：财华网 金界控股(03918.HK)公布，关于柬埔寨金边开发及兴建多功能娱乐且全面的综合度假村设施 ("Naga3")。鉴于自签订认购协议以来外部宏观经济环境的变化，认购方与公司会面并讨论认购协议项 下的持续资金需求以及Naga3项目时间表。经周详审慎考虑，公司与认购方一致认为，不继续进行认购 协议符合双方各自的最佳商业利益，并透过正式的相互终止契约友好解决认购协议项下的所有相关责 任。于2025年12月15日，公司与认购方签订相互终止契约。 根据相互终止契约的条款，认购方作为认购付款的一部分所支付总额3.16亿美元的现金垫款已被公司没 收并计入储备金，且公司并无责任就该等现金垫款发行任何结算股份。董事会认为，终止认购协议不会 对集团现有业务或财务状况产生任何重大不利影响。 ...

Core Insights - Vail Resorts reported revenue of $271.03 million for the quarter ended October 2025, reflecting a 4.1% increase year-over-year, but fell short of the Zacks Consensus Estimate by 0.09% [1] - The company’s EPS was -$5.20, a decline from -$4.61 in the same quarter last year, with a slight positive surprise of 0.57% compared to the consensus estimate of -$5.23 [1] Financial Performance Metrics - Total skier visits reached 0.74 thousand, exceeding the average estimate of 0.55 thousand [4] - Managed condominium RevPAR was reported at $48.36, below the estimated $53.74 [4] - Owned hotel RevPAR was $181.01, slightly below the estimated $182.71 [4] - Mountain net revenue was $185.24 million, surpassing the average estimate of $180.75 million, marking a year-over-year increase of 6.9% [4] - Lodging net revenue was $85.71 million, below the average estimate of $90.03 million, representing a year-over-year decline of 1.4% [4] - Dining revenue from mountain operations was $19.79 million, below the estimate of $21.68 million, reflecting a 4.1% year-over-year decrease [4] - Retail/rental revenue was $30.79 million, slightly above the estimate of $30.25 million, showing a 4.3% increase year-over-year [4] - Real estate revenue was reported at $0.08 million, significantly below the estimate of $1.58 million, but represented a 27% increase year-over-year [4] - Managed condominium rooms revenue was $9.69 million, below the estimate of $11.86 million, indicating a 17.2% year-over-year decline [4] - Resort net revenue totaled $270.95 million, exceeding the average estimate of $266.08 million, with a year-over-year increase of 4.1% [4] Stock Performance - Vail Resorts' shares have returned -3.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

上周法国总统马克龙访华时，带了一个庞大的法国企业家代表团随团，其中包括法国老牌文旅企业Club Med地中海俱乐部全球总裁兼首席执行官斯特凡纳·马凯尔。斯特凡纳·马凯尔今年7月底刚出任Club Med 地中海俱乐部全球总裁兼首席执行官，此次访华是其就任后第一次造访中国。在短暂的访华期间，斯特 凡纳·马凯尔接受21世纪经济报道的专访。 "地中海俱乐部已完成品牌高端化转型。未来，我们的战略目标是在2035年成为最具标志性的全球生活 方式品牌之一。" 斯特凡纳·马凯尔透露，为实现这一愿景，地中海俱乐部正加速全球布局，计划2030年 运营80座度假村，未来十年内（到2035年）全球度假村数量达到100家。"新项目将沿着地中海、东南亚 及美洲地区拓展——这不仅是规模的扩张，更是产品焕新的升级。" （Club Med地中海俱乐部全球总裁兼首席执行官斯特凡纳·马凯尔） 十年内全球度假村达百家 21世纪： 作为随法国总统对中国进行国事访问的法国企业代表，您如何理解中法经贸合作中文化交流 的核心价值？作为深耕中国市场的法国品牌，Club Med地中海俱乐部在促进两国文化交流方面发挥了 哪些独特的作用？ 斯特凡纳·马凯尔：202 ...

In its upcoming report, Vail Resorts (MTN) is predicted by Wall Street analysts to post quarterly loss of -$5.23 per share, reflecting a decline of 13.5% compared to the same period last year. Revenues are forecasted to be $271.27 million, representing a year-over-year increase of 4.2%.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

（原标题：哈伊马角永利度假村预计将于2027年春季正式开业） ZAWYA网11月27日消息，纳斯达克上市公司永利度假村（Wynn Resorts）宣布，位于哈伊马角永 利阿尔马里安岛（Wynn Al Marjan Island）的地标性塔楼已建至第70层，预计将于近期顺利封顶，为 2027年春季正式开业奠定关键基础。作为阿联酋最新的综合度假旗舰项目，该项目将为本地区高端旅游 与娱乐产业树立全新标杆。 ...

据复星旅文方面透露，超级度假村直击国内业态单一、观光为主的景区痛点，为传统景区提供一站式度 假转型解决方案；超级度假区则面向国内核心旅游城市，通过国际化IP加持、创新内容打造与多业态深 度融合，形成沉浸式的主题度假综合体；超级文旅Mall（HiSphere）瞄准新一轮城市存量更新浪潮，以 文旅思维重塑商业空间，集文化、娱乐、演艺、主题乐园、购物、餐饮等多元体验于一体，让商业在文 旅场景中自然生长。 "中国现有55家国家5A级度假区、400多家国家级、省级度假区，加上其他各类度假区超过6000个。但 普遍存在一个现象——度假区里缺乏优质酒店，且景区与酒店经营割裂，难以形成联动。"复星旅文 CEO鲍将军表示，针对这一痛点，公司计划在度假区内植入"地中海·邻境"场景。 "例如丽江项目，我们将原本缺失的地方特色和文化元素融入产品，今年丽江项目营收增长了60%。每 一个地中海项目都会结合所在区域的自然条件和在地文化，使每个项目都有独特性，从而避免同质化。 丽江项目作为样板已基本成熟，今天吸引了约140至150家央国企前来，希望参与度假区内酒店开发与合 作。"鲍将军如是称。 文旅消费正迎来全面升级发展。11月28日，复星 ...

Core Viewpoint - UK businesses are expressing strong concerns over potential increases in corporate tax rates, warning that such measures could lead to significant reductions in investment and operational capacity in the country [1][2]. Group 1: Business Concerns - CEOs from various sectors, including airports and hospitality, are voicing worries that increased corporate tax burdens will undermine consumer confidence and hinder government growth initiatives [1][2]. - Stewart Wingate, managing director of Gatwick Airport, indicated that a proposed increase in corporate tax rates could jeopardize a £2.2 billion expansion project, highlighting unprecedented cost pressures that may force a reevaluation of investment plans [2][3]. - Jon Hendry Pickup, CEO of Butlin's, warned that substantial tax increases would compel the company to cut back on investments and potentially lead to layoffs [2]. Group 2: Policy Recommendations - Andy Briggs, CEO of Phoenix Group Holdings, called for clearer government incentives to direct pension capital towards infrastructure and growth equity, expressing concern over rising pension costs due to proposed salary sacrifice reforms [3]. - Steven Fine, CEO of Peel Hunt Ltd., suggested that raising income tax could provide the UK government with the necessary fiscal space to stimulate economic growth and allow for potential interest rate cuts by the Bank of England [4]. - George Weston, CEO of Associated British Foods, advocated for the removal of tax exemptions for low-value goods from brands like Temu and Shein, arguing that these brands contribute little to the UK economy [5]. Group 3: Industry-Specific Insights - Lisa Jacobs, CEO of Funding Circle Holdings, emphasized the need for increased funding for growth assurance programs to support small businesses, highlighting the importance of policy stability for investment confidence [5]. - Nathan Coe, CEO of Auto Trader Group, urged the government not to impose punitive taxes on electric vehicle owners and to enhance support for charging infrastructure, aligning with the government's net-zero and electric vehicle promotion goals [6]. - Steve Hare, CEO of Sage Plc, viewed the upcoming budget as a crucial opportunity to accelerate the UK's digital transformation and embrace artificial intelligence to boost productivity [6].

Core Insights - Jungle Bay in Dominica has been awarded the title of Best Resort in the Caribbean for 2025 at the World Travel Awards (WTA) ceremony held in Saint Lucia [1] - Dominica has also been recognized as the Leading Nature Destination in the Caribbean [1] Summary by Categories Resort Features - Jungle Bay spans approximately 20 acres and is located within the Soufrière-Scotts Head Marine Reserve, offering stunning views [1] - The resort emphasizes eco-luxury, wellness, and community-driven tourism [1] - It features 89 luxurious rooms equipped with high-end amenities [1] Core Experiences - The resort's core offerings include adventure activities, spa treatments, wellness programs, yoga classes, gourmet dining, and local culture and history [1] - Jungle Bay prides itself on a sustainable design philosophy that involves community participation [1] Employment and Sourcing - The resort employs local staff and sources ingredients from its own gardens [1]