Core Viewpoint - On January 8, Shaanxi Tourism experienced a decline of 6.27% in stock price, with a trading volume of 1.059 billion yuan, indicating market volatility and investor sentiment concerns [1]. Group 1: Financial Performance - For the period from January to September 2025, Shaanxi Tourism reported an operating income of 889 million yuan, representing a year-on-year decrease of 18.80% [2]. - The net profit attributable to the parent company for the same period was 369 million yuan, reflecting a year-on-year decline of 26.93% [2]. Group 2: Financing and Trading Activity - On January 8, the financing buy-in amount for Shaanxi Tourism was 114 million yuan, with a net financing buy of 35.37 million yuan after repayments [1]. - The total balance of margin trading for Shaanxi Tourism as of January 8 was 167 million yuan, accounting for 6.55% of the circulating market value [1]. - There were no short-selling activities on January 8, with zero shares sold or repaid, indicating a lack of bearish sentiment in the market [1]. Group 3: Company Overview - Shaanxi Tourism Cultural Industry Co., Ltd. was established on January 19, 1988, and is located in Xi'an, Shaanxi Province [1]. - The company’s main business includes tourism performances, cable cars, and dining services, leveraging premium tourism resources such as Huaqing Palace and Mount Huashan [1]. - The revenue composition of the company is as follows: tourism performances 57.14%, cable car services 34.72%, passenger road services 3.79%, dining services 3.69%, and other services 0.66% [1].

（文章来源：证券日报） 证券日报网讯 1月8日，云南旅游在互动平台回答投资者提问时表示，2025年12月31日公司股东户数为 65238户。 ...

证券日报网讯 1月7日，C陕旅在互动平台回答投资者提问时表示，公司业务集旅游演艺、旅游索道、旅 游餐饮为一体，依托华清宫、华山等优质旅游资源，充分发挥旅游资源整合优势、专业化运营管理优 势、旅游产品创新优势，为游客提供高品质的旅游产品及服务体验。目前旅游演艺及旅游索道业务均盈 利。公司发行后每股收益6.50元（以2024年经审计的扣除非经常性损益前后归属于母公司股东的净利润 的较低者除以本次发行后总股本计算），每股净资产35.12元（按2025年6月30日经审计的归属于母公司 股东权益加上本次募集资金净额除以本次发行后总股本计算），具体可见公司于2026年1月5日披露的 《陕西旅游首次公开发行股票主板上市公告书》。 （编辑 楚丽君） ...

C陕旅（603402）上市首日上涨64.10%，换手率达74.41%，成交额为19.71亿元。 公司业务集旅游演艺、旅游索道、旅游餐饮、旅游项目投资及管理为一体，依托华清宫、华山等优质旅 游资源，充分发挥旅游资源整合优势、专业化运营管理优势、旅游产品创新优势，为游客提供高品质的 旅游产品及服务体验。在旅游演艺业务方面，公司打造了中国首部大型实景历史舞剧《长恨歌》、大型 实景影画《12·12西安事变》、大型红色实景演艺《泰山烽火》等优质旅游演艺作品，以演艺为基础、 持续打造中国历史与传统文化传承的载体；在旅游索道业务方面，公司于华山景区建设和运营了西峰索 道及华威滑道，西峰索道拥有世界顶尖的索道建设技术及国内领先的运营能力，于陕西省少华山国家森 林公园运营了奥吉沟索道；在旅游餐饮业务方面，公司下属剧院式餐厅唐乐宫以"仿唐歌舞+宫廷晚 宴"为特色经营模式，是陕西省对外文化推广的重要窗口，被誉为"东方红磨坊"。凭借丰富的旅游资源 及多年运营积淀，公司已成为以"景区+文化旅游"为核心业务的旅游目的地企业龙头。 从资金流向来看，上市首日该股获主力资金净流入6.61亿元，其中，特大单净流入2.22亿元，大单净流 入4.3 ...

Core Viewpoint - Shaanxi Tourism experienced a significant stock price increase of 64.10% on January 6, with a trading volume of 1.971 billion yuan, indicating strong market interest and potential investor confidence in the company [1]. Financing Summary - On January 6, Shaanxi Tourism had a financing buy-in amount of 261 million yuan, with a net financing purchase of 241 million yuan after repaying 1.99867 million yuan [1][2]. - The current financing balance stands at 241 million yuan, which represents 9.45% of the company's market capitalization [2]. Company Overview - Shaanxi Tourism Cultural Industry Co., Ltd. is located in Xi'an, established on January 19, 1988, and listed on January 6, 2026. The company focuses on integrated tourism services, including performance arts, cable cars, and dining, leveraging premium tourism resources like Huaqing Palace and Huashan [2]. - The revenue composition of Shaanxi Tourism includes: 57.14% from tourism performances, 34.72% from cable car services, 3.79% from passenger road services, 3.69% from dining, and 0.66% from other sources [2]. Financial Performance - For the period from January to September 2025, Shaanxi Tourism reported an operating income of 889 million yuan, reflecting a year-on-year decrease of 18.80%. The net profit attributable to the parent company was 369 million yuan, down 26.93% year-on-year [2]. - As of January 6, the number of shareholders for Shaanxi Tourism reached 38,600, showing a dramatic increase of 642,916.67% compared to the previous period, with an average of 501 circulating shares per shareholder [2].

中国经济网北京1月6日讯今日，陕西旅游（603402）文化产业股份有限公司(股票简称：陕西旅游，股票代码：603402.SH)在上交所 主板上市。该股开盘报131.15元，截至收盘报132.00元，涨幅64.10%，成交额19.71亿元，振幅33.57%，换手率74.41%，总市值 102.08亿元。 陕西旅游业务集旅游演艺、旅游索道、旅游餐饮为一体，依托华清宫、华山等优质旅游资源，充分发挥旅游资源整合优势、专业化 运营管理优势、旅游产品创新优势，为游客提供高品质的旅游产品及服务体验。 需进一步落实事项： 无。 陕西旅游本次公开发行股票的数量为1,933.3334万股，占发行后总股本的比例为25%；本次发行全部为新股发行，不涉及发行人原有 股东公开发售股份，发行价格为80.44元/股。陕西旅游的保荐机构为中国国际金融股份有限公司，保荐代表人为唐云、马思翀。 陕西旅游本次发行募集资金总额为155,517.34万元，扣除发行费用后募集资金净额为152,192.69万元，比原计划少3,320.10万元。陕西 旅游2025年12月18日披露的招股书显示，公司拟募集资金155,512.79万元，用于收购太华索道股权项目 ...

Group 1 - The company N Shanlv (603402) was listed today, opening with a rise of 63.04%, and by the end of the morning session, the increase expanded to 78.98%, with a trading volume of 10.8183 million shares and a turnover of 1.485 billion yuan, resulting in a turnover rate of 55.96% [2] - The company's business integrates tourism performances, cable cars, dining, and project investment and management, leveraging high-quality tourism resources such as Huaqing Palace and Mount Huashan to provide high-quality tourism products and services [2] - In the tourism performance sector, the company has created major works such as the large-scale historical dance drama "Chang Hen Ge" and the large-scale red performance "Tai Shan Feng Huo," focusing on the transmission of Chinese history and traditional culture [2] Group 2 - The total number of shares issued by the company is 19.3333 million, with an online issuance of 19.3330 million shares at a price of 80.44 yuan per share, resulting in a price-to-earnings ratio of 12.37, compared to the industry average of 26.90 [3] - The funds raised from the initial public offering amount to 1.555 billion yuan, which will be primarily allocated to projects such as the second phase of Taishan Xiucheng, acquisition of Taihua Cableway equity, and several other cableway and tourism projects [3] - The company's latest stock price is 143.97 yuan, with a morning session increase of 78.98% and a half-day turnover rate of 55.96% [3]

北京商报讯（记者 马换换 王蔓蕾）2026年首只上市新股来了！1月6日，陕西旅游（603402）登陆沪市 主板上市，上市首日公司股价高开63.04%，开于131.15元/股。 据了解，陕西旅游业务集旅游演艺、旅游索道、旅游餐饮、旅游项目投资及管理为一体，公司本次发行 价格80.44元/股。 ...

中国经济网北京1月6日讯 今日，陕西旅游（603402）在上交所上市。 陕西旅游本次发行募集资金总额为155,517.34万元，扣除发行费用后募集资金净额为152,192.69万 元，用于收购太华索道股权项目、收购瑶光阁股权项目、收购少华山旅游索道项目、泰山秀城（二期） 建设项目、少华山南线索道项目、太华索道游客中心项目、太华索道服务中心项目。 (责任编辑：关婧) 陕西旅游业务集旅游演艺、旅游索道、旅游餐饮为一体，依托华清宫、华山等优质旅游资源，充分 发挥旅游资源整合优势、专业化运营管理优势、旅游产品创新优势，为游客提供高品质的旅游产品及服 务体验。 本次发行前，陕西旅游集团有限公司（简称"陕旅集团"）为公司控股股东，直接持有公司47.59%的 股份，通过陕旅股份间接控制公司6.69%的股份。此外，陕旅集团为陕西省国资委全资控股企业。因 此，陕西省国资委为公司实际控制人。 上交所：陕西旅游 ...

⚫ 2025 年回顾：国内服务消费占比已提升至 47%，预计将进入快速增长 阶段，成为居民消费的主要构成部分。从政策着力点看，政策的长期性 和稳定性更受重视，服务消费在政策布局中的地位得到进一步凸显。从 估值角度看，社会服务板块当前市盈率仍低于近五年平均值，修复空间 仍存。 ⚫ 出行链：2025 年旅游市场收入承压，景区"冷热不均"成为突出特征。假 期时间的增加与春秋假制度的落地和推广将有效延长消费时长，出行需 求加速释放，行业迎来边际改善。 ⚫ 免税：机场免税市场格局迎来重要变革，引入国际免税零售商与机场股 权投资的双重创新有望为口岸免税市场注入新活力。政策利好与封关效 应直接催化离岛免税消费热潮，封关初期吸引的购物客流带动市场迅速 回暖。 ⚫ 餐饮：连锁化进程加速，头部餐饮企业通过标准化运营和品牌效应实现 快速扩张，行业预计将迎来加速出清，区域性连锁品牌加速向全国范围 扩店，具备规模优势和品牌效应的连锁龙头有望获得更大发展空间。 [Table_Title] 向阳花木易为春 [Table_ReportType] ——2026 年社会服务行业投资策略报告[Table_ReportDate] [行业核心观点： ...