该行看好出现初步复苏、涉及中国结构性消费增长动力、获潜在政策支持及存在海外增长机遇的行业， 包括餐饮、服务及体验式消费等，首选安踏体育(02020)、华润啤酒(00291)、中国中免(601888.SH)、海 底捞(06862)、美的集团(000333.SZ)及百胜中国(09987)，全数给予"买入"评级，并对国内消费行业维 持"增持"评级。 智通财经APP获悉，大华继显发布研报称，相较去年两个黄金周表现，今年新春长假(2月15日至23日)期 间消费数据反映国内消费市场增长动能向好，认为可视作消费市道整体出现复苏的初步迹象，其中旅游 文化及餐饮表现备受关注。 基于新春长假期间消费及出行数据，大华继显调整部分股份的目标价，将海底捞的目标价上调至19.7港 元，李宁(02331)上调至21.6港元，贵州茅台(600519.SH)目标价上调至1,682元人民币，五粮液 (000858.SZ)目标价轻微调升至115.1元人民币。 ...

从2023年第一次推出100个网红打卡地，长春发展的脚步从未停歇，不断涌现出深受广大市民及网友喜 爱的新晋网红打卡地。其中2024年增加了20个，截至2025年长春网红打卡地已经增至150个。为把网 络"流量"变成游客"留量"，让"网红"走向"长红"，打造出更有生命力的旅游文化品牌，小布带您开启线 上游览模式，每日点亮一个网红打卡地，漫观细品，走遍长春！ 长新创谷位于长春新区北湖科技开发区，业态功能涵盖科技创新功能区（新质生产力促进中心），成果 转化和数字产业基地、人才创新基地、金融服务及总部基地、新电商产业基地，高端商务区、智慧法务 区、人才社区、高端商业区等，重点吸纳和承载科技创新、技术服务、数字产业、总部经济、电子商 务、智慧法务、金融投资、商业服务等领域的创新、创意和创业型企业。 春新闻、长春新区 来源：长 商贾云集、人文荟萃、产研兴盛、贸易活跃……未来，这处具有"国际范儿"的中心商务区必将成为长春 市服务业态的靓丽名片，迎着人们的期待越走越近！ 长新创谷 城市地标类 伊水之滨，北湖之畔，玻璃幕墙流光溢彩，层次错落的楼宇勾勒出现代化都市的天际线……在长春新区 的沃土上，由12栋单体建筑组成的长新创谷拔 ...

证券代码：603402 证券简称：陕西旅游 公告编号：2026-006 ■ 二、离任对公司的影响 根据《中华人民共和国公司法》《陕西旅游文化产业股份有限公司章程》等有关规定，王新建先生上述 辞职事项自书面辞职报告送达董事会之日起生效，其离任不会影响公司的正常生产经营。 公司及董事会对王新建先生在任职期间为公司发展所做出的贡献表示衷心的感谢！ 陕西旅游文化产业股份有限公司 高级管理人员辞职公告 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个别及连带责任。 重要内容提示： 陕西旅游文化产业股份有限公司（以下简称"公司"）董事会于2026年1月26日收到公司副总经理王新建 先生提交的书面辞职报告，王新建先生因个人原因申请辞去公司副总经理职务。辞职后，王新建先生不 再在公司及下属子公司担任任何职务。 一、高级管理人员提前离任的基本情况 特此公告。 陕西旅游文化产业股份有限公司董事会 2026年1月27日 ...

◉2026海南昌江春赏木棉红系列旅游文化活动新闻发布会 1月25日 海口东坡老码头 ◉2026昌江春赏木棉红文化旅游季开幕式 2月6日 昌江文化公园 ◉木棉新春雅集 2月6日—3月3日（不定时发放） 棋子湾高铁站、昌化江畔木棉赏花码头、七叉村民宿、牙营村民宿、海南棋子湾开元度假村、海南 万国棋子湾海滩大酒店、海南希望·棋子湾家园度假酒店、昌江凯利柏尔酒店、昌江松之光酒店等 2月6日—8日 昌江文化公园（主会场） 2月20日—3月3日 昌化江畔木棉赏花码头（分会场） ◉木棉创想装置艺术展 2月—3月 昌化江畔木棉赏花码头、七叉镇宝山村、叉河镇排岸村、棋子湾旅游度假区、石碌镇矿山公园、聚 源花卉博览园、和丰兰花博览园，各主要路口广告牌 ◉爱意绵绵"全城送春天"活动 ◉"宿在花海里"主题民宿快闪体验 2月6日 七叉村民宿、矿海雅院民宿 ◉"遇稻美好 木棉之恋"稻田音乐秀活动 2月8日 七叉镇宝山村 2月26日 叉河镇排岸村 ◉王下乡黎花里景区运营开业仪式 2月10日 王下乡明望坡 ◉非遗技艺展示及黎族歌舞表演 2月17日—24日、3月3日（白天） 王下乡三派村游客中心 2月20日—23日 昌江蘑菇屋旁（沙渔塘社区） ...

Group 1 - The core idea of the article is the continuous development of Changchun's tourism industry, with the number of popular tourist spots increasing from 100 in 2023 to 150 by 2025, including an addition of 20 new spots in 2024 [1] - The initiative aims to convert online traffic into actual tourist visits, enhancing the longevity of these "internet-famous" locations and creating a vibrant cultural tourism brand [1] - The Qingyifang Flower, Bird, and Fish Comprehensive Market is highlighted as a significant retail and wholesale market in Northeast China, known for its diverse offerings and ecological approach [3][6] Group 2 - Qingyifang promotes an organic lifestyle and has developed an innovative full industry chain model that includes farmers, bases, logistics, distributors, and the internet, creating a unified platform for procurement, distribution, and sales [3] - The market features a two-level structure with a variety of green plants and flowers, providing a unique shopping experience [6] - Qingyifang has established a flower and tea industry alliance, enhancing its service offerings through various segments such as flower delivery and pet care [3]

Core Viewpoint - Shaanxi Tourism Culture Industry Co., Ltd. has received approval for its initial public offering (IPO) of A-shares, with a determined price of 80.44 yuan per share [1] Group 1: IPO Details - The total number of shares issued is 19,333,334, accounting for 25% of the company's total share capital post-issue, with a total share capital of 77,333,334 shares [2] - All shares are publicly issued new shares, with no existing shareholders selling shares in this offering [2] - The online issuance accounts for 99.9983% of the total issuance, with the underwriter covering the remaining shares that did not meet the minimum subscription unit [2] Group 2: Subscription and Underwriting - The online subscription period ended on December 24, 2025, with a total of 19,117,061 shares subscribed by online investors [3] - The underwriter has committed to covering 216,273 shares, which represents 1.12% of the total issuance [3][4] - The total amount raised from online investors was approximately 1,537,776,386.84 yuan [4] Group 3: Issuance Costs - The total issuance costs amount to 33.2465 million yuan, broken down into various fees including underwriting, auditing, and legal fees [5] - Underwriting fees are set at 21 million yuan, while auditing and legal fees are 2.2736 million yuan and 1.5094 million yuan respectively [5]

Core Viewpoint - The 2026 "Chang'an Lantern Festival" in Xi'an has officially commenced, featuring a vibrant display of cultural activities centered around the themes of national treasures and traditional poetry, running from January 1 to March 22, 2026, for a total of 81 days [3][8]. Group 1: Event Overview - The festival's core theme is "Thousands of Lights Reflecting Chang'an, the Horse Welcomes Spring," with three cultural lines: "National Treasures Renewed," "Poetic Chang'an City," and "Galloping Zodiac Horse" [3]. - The event includes over 50 national treasure-level artifacts transformed into lantern designs, showcasing cultural heritage [3]. - The festival features 39 different horse-themed lanterns inspired by historical artifacts and poetry, emphasizing the cultural significance of the zodiac [3][5]. Group 2: Visitor Experience - Local citizens express enthusiasm for the festival, noting the vibrant atmosphere and rich variety of lantern designs, particularly highlighting the horse elements this year [5]. - The "2026 Chang'an Lantern Festival" at the Datang Furong Garden also launched simultaneously, featuring 39 large thematic lantern displays and over 300 classic Tang poems, recreating the grandeur of the Tang Dynasty's lantern festivals [5][8]. - The Datang Furong Garden event incorporates modern lighting and interactive experiences, aiming to create an immersive journey through Tang culture, including themed performances and traditional clothing activities [8]. Group 3: Cultural Significance - The simultaneous hosting of lantern festivals at Xi'an City Wall and Datang Furong Garden merges traditional cultural elements with modern presentation techniques, revitalizing cultural symbols such as artifacts, poetry, and zodiac themes [8]. - This initiative not only fosters the creative transformation and innovative development of traditional culture but also showcases the cultural charm and contemporary vitality of the ancient city of Xi'an to the world [8].

Core Viewpoint - Shaanxi Tourism Culture Industry Co., Ltd. has received approval for its initial public offering (IPO) of A-shares, with a determined price of 80.44 yuan per share [1] Group 1: IPO Details - The total number of shares issued is 19,333,334, accounting for 25% of the company's total share capital post-issue, with a total share capital of 77,333,334 shares [2] - All shares are publicly issued new shares, with no existing shareholders selling shares in this offering [2] - The online issuance accounts for 99.9983% of the total issuance, with the underwriter covering the remaining shares that did not meet the minimum subscription unit [2] Group 2: Subscription and Underwriting - The online subscription period ended on December 24, 2025, with a total of 19,117,061 shares subscribed by online investors [3] - The underwriter has committed to cover 216,273 shares, which represents 1.12% of the total issuance [3][4] - The total amount raised from online investors is approximately 1.54 billion yuan [4] Group 3: Issuance Costs - The total issuance costs amount to 33.25 million yuan, broken down into various fees including underwriting, auditing, and legal fees [5] - Underwriting fees are set at 21 million yuan, while auditing and legal fees are 2.27 million yuan and 1.51 million yuan respectively [5]

Core Viewpoint - Recent disclosures from multiple listed companies regarding share buybacks and the top ten shareholders reveal significant shifts in institutional investment strategies, with notable divergence in traditional sectors and increased interest in technology, military, and pharmaceutical sectors [1][2]. Group 1: Institutional Investment Dynamics - There is a marked divergence among institutional investors regarding traditional sector stocks such as Hai Da Group and Xiangyuan Cultural Tourism, with some institutions reducing their holdings while others increase them [2]. - Hai Da Group's top ten shareholders include eight positions held by public funds and social security funds, collectively owning over 120 million shares, which is more than 7% of the total share capital [2]. - Notable actions include a reduction of 362,600 shares by Liu Yanchun's fund, while social security funds significantly increased their holdings in Hai Da Group during the same period [2]. Group 2: Performance of Specific Stocks - Hai Da Group reported a net profit of 4.177 billion yuan for the first three quarters, reflecting a year-on-year growth of 18.71%, while Xiangyuan Cultural Tourism achieved a net profit of 143 million yuan, up 33.47% year-on-year [3]. - Other stocks such as Hengmingda, Huaron, and Huida Technology have also seen institutional increases, particularly in sectors like consumer electronics, military, and pharmaceuticals [4][5]. - Hengmingda received an increase of 4.9717 million shares from the national social security fund, while Huida Technology saw an increase of over 5.5 million shares from the same fund [4]. Group 3: Reduction in High-Growth Stocks - Stocks that previously experienced significant price increases, such as Hot Scene Biology and Shanghai Mechanical, have faced reductions from various institutions, indicating a trend of profit-taking [6]. - Hot Scene Biology, which saw a price increase of over 300%, was reduced by multiple institutions, while Shanghai Mechanical, which increased by over 80%, also faced reductions [6]. - The trend of reducing holdings in high-growth stocks is further evidenced by the exit of social security funds from the top ten shareholders of certain companies [6]. Group 4: ETF Involvement - The presence of ETFs in institutional trading has become more prominent, with nearly 30% of A-share stocks having ETFs among their top ten shareholders as of the end of the third quarter [7]. - The changes in ETF holdings are often driven by factors such as changes in fund subscriptions and index component adjustments [7].

Core Insights - Recent announcements from multiple listed companies reveal significant adjustments in the top ten shareholders, indicating shifts in institutional investment strategies, particularly in traditional industries and popular sectors like technology, military, and pharmaceuticals [1][2]. Group 1: Institutional Investment Dynamics - There is a notable divergence in investment strategies among institutions regarding traditional industry stocks, with some institutions increasing their holdings while others are reducing them [2]. - For instance, Hai Da Group (002311) saw mixed actions from institutions, with some reducing their stakes while others, like social security funds, significantly increased their holdings [2]. - Social security funds have shown a tendency to increase their positions in certain stocks, such as Hai Da Group, which reported a net profit growth of 18.71% year-on-year for the first three quarters of 2025 [2]. Group 2: Popular Sectors Gaining Attention - Stocks in high-demand sectors such as consumer electronics, military, chips, and pharmaceuticals have attracted institutional interest, with significant increases in holdings from various funds [4]. - Companies like Hengmingda (002947) and Huaron Co. (603855) have seen substantial increases in shares held by institutions, reflecting a positive outlook on their business prospects [4]. - Performance metrics indicate that companies favored by social security funds, like Hengmingda and Huida Technology, have reported impressive profit growth, with Hengmingda achieving a 30.05% increase in net profit for the first three quarters [5]. Group 3: Reduction in High-Growth Stocks - Some stocks that experienced significant price increases earlier in the year have faced reductions in institutional holdings, indicating a potential shift in market sentiment [6]. - For example, Shanghai Mechanical (600835) and Naxin Micro (300184) have seen reductions in shares held by major institutions after substantial price gains [6]. - The trend of reducing holdings in previously high-performing stocks suggests a cautious approach from institutions as they reassess their investment strategies [6].