12月19日，首旅酒店盘中上涨2.04%，截至10:43，报16.97元/股，成交1.57亿元，换手率0.84%，总市值 189.49亿元。 截至11月28日，首旅酒店股东户数3.62万，较上期减少18.33%；人均流通股30830股，较上期增加 22.45%。2025年1月-9月，首旅酒店实现营业收入57.82亿元，同比减少1.81%；归母净利润7.55亿元，同 比增长4.36%。 分红方面，首旅酒店A股上市后累计派现18.34亿元。近三年，累计派现6.48亿元。 机构持仓方面，截止2025年9月30日，首旅酒店十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股6264.12万股，相比上期增加1127.77万股。富国中证旅游主题ETF（159766）位居第五大 流通股东，持股1366.88万股，相比上期增加498.30万股。中欧养老混合A（001955）位居第七大流通股 东，持股1070.77万股，相比上期增加399.21万股。南方中证500ETF（510500）位居第八大流通股东， 持股974.53万股，相比上期减少21.68万股。 责任编辑：小浪快报 资金流向方面，主力资金净流出650.12 ...

每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 每经AI快讯，天目湖（SH 603136，收盘价：11.25元）12月9日晚间发布公告称，江苏天目湖旅游股份 有限公司（以下简称"公司"）拟以非公开协议转让的方式将其所持有的江苏天目湖动物王国旅游有限公 司（以下简称"动物王国公司"）4.5944%股权转让给溧阳市国有资产投资控股集团有限公司（以下简 称"溧阳国投"），交易金额为 1,827.50 万元。 2024年1至12月份，天目湖的营业收入构成为：景区业务占比52.67%，酒店业务占比29.74%，温泉业务 占比7.89%，其他业务占比6.7%，旅行社业务占比1.61%。 截至发稿，天目湖市值为30亿元。 （记者 曾健辉） ...

截至发稿，西藏旅游市值为38亿元。 每经头条（nbdtoutiao）——让"铁疙瘩"从数万米高空精准"踩刹车"，中国商业航天"降本复用"只差"最 后一公里"！朱雀之后，同行排队接力 （记者 张明双） 每经AI快讯，西藏旅游（SH 600749，收盘价：16.78元）12月4日晚间发布公告称，截至本报告披露之 日，旅投集团通过集中竞价方式共减持1,278,200股，减持计划时间届满，减持数量未超出减持计划上 线。 2025年1至6月份，西藏旅游的营业收入构成为：景区业务占比69.5%，旅游业务占比13.95%，其他业务 占比8.46%，旅游文创占比7.4%，商街运营占比0.69%。 ...

Core Insights - The stock price of Shoulv Hotel increased by 2.05% on December 2, reaching 15.94 CNY per share, with a total market capitalization of 17.799 billion CNY [1] - The company has seen a year-to-date stock price increase of 11.39%, with a 2.05% rise in the last five trading days and a 10.54% rise over the past 20 days [1] Financial Performance - For the period from January to September 2025, Shoulv Hotel reported a revenue of 5.782 billion CNY, a year-on-year decrease of 1.81%, while the net profit attributable to shareholders was 755 million CNY, reflecting a year-on-year increase of 4.36% [2] - Cumulative cash dividends since the company's A-share listing amount to 1.834 billion CNY, with 648 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 2.55% to 44,300, while the average circulating shares per person decreased by 2.48% to 25,177 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 62.6412 million shares, an increase of 11.2777 million shares from the previous period [3]

截至发稿，黄山旅游市值为82亿元。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 曾健辉） 每经AI快讯，黄山旅游（SH 600054，收盘价：11.2元）11月28日晚间发布公告称，公司第九届第十六 次董事会会议于2025年11月28日以通讯表决方式召开。会议审议了《关于承租黄山风景区温泉游览区部 分资产暨关联交易的议案》等文件。 2025年1至6月份，黄山旅游的营业收入构成为：客运索道业占比37.86%，旅游服务业占比24.85%，酒 店业占比22.23%，景区业务占比14.65%，徽菜业务占比13.88%。 ...

Group 1 - The core viewpoint of the news is that Shoulv Hotel's stock has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 9.01% [1] - As of November 20, Shoulv Hotel's stock price is 15.60 yuan per share, with a market capitalization of 17.419 billion yuan [1] - The company has seen a net outflow of 4.4974 million yuan in principal funds, with significant selling pressure from large orders [1] Group 2 - For the period from January to September 2025, Shoulv Hotel reported operating revenue of 5.782 billion yuan, a year-on-year decrease of 1.81%, while net profit attributable to shareholders increased by 4.36% to 755 million yuan [2] - The number of shareholders increased to 44,300, with an average of 25,177 circulating shares per person, which is a decrease of 2.48% [2] - The company has distributed a total of 1.834 billion yuan in dividends since its A-share listing, with 648 million yuan distributed in the last three years [3] Group 3 - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, increasing its holdings by 11.2777 million shares [3] - The fifth-largest shareholder is the Fortune China Securities Tourism Theme ETF, which increased its holdings by 4.983 million shares [3] - The seventh-largest shareholder is the China Europe Pension Mixed A, which also increased its holdings by 3.9921 million shares [3]

Core Viewpoint - The company has developed its own online sales platform for travel agencies, scenic spots, and hotels, while also collaborating with online travel agencies (OTAs) to expand product sales channels [1] Group 1: Online Business Strategy - The company operates an independent online sales platform for its travel agency, scenic spots, and hotel businesses [1] - Collaboration with OTAs is utilized to broaden product sales channels [1] Group 2: Cultural and Artistic Initiatives - The Wuzhen Scenic Area has successfully hosted the Wuzhen Theatre Festival for twelve consecutive years since its inception in 2013, establishing it as an internationally influential theatre brand [1] - The company has launched various cultural initiatives such as the "Wuzhen International Contemporary Art Invitation Exhibition" and the "Wuzhen International Future Visual Art Project" to enhance its cultural positioning [1] Group 3: Innovative Experiences at Scenic Spots - The Gubei Water Town has leveraged its historical resources, such as the Simatai Great Wall, to create immersive experiences like "Dream Back to Gubei Great Wall Town" [1] - The immersive drama and interactive performances extend from the stage to the streets, enhancing the connection between architecture, scenes, and culture, resulting in positive market feedback [1]

Core Viewpoint - Tianmu Lake's stock price has shown fluctuations with a year-to-date increase of 6.64%, while recent trading activity indicates a mixed performance in the short term [2][3]. Group 1: Stock Performance - As of November 10, Tianmu Lake's stock rose by 2.08%, reaching a price of 11.80 CNY per share, with a trading volume of 37.34 million CNY and a turnover rate of 1.18% [1]. - Year-to-date, Tianmu Lake's stock has increased by 6.64%, with a 3.24% rise over the last five trading days and a 2.61% increase over the last 20 days, but a decline of 5.98% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Tianmu Lake reported a revenue of 386 million CNY, reflecting a year-on-year decrease of 4.65%, while the net profit attributable to shareholders was 83.25 million CNY, down 2.54% year-on-year [3]. - Since its A-share listing, Tianmu Lake has distributed a total of 375 million CNY in dividends, with 163 million CNY distributed over the past three years [4]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Tianmu Lake was 23,400, a decrease of 13.46% from the previous period, with an average of 11,559 shares held per shareholder, an increase of 15.55% [3]. - Among the top ten circulating shareholders, the Fortune China Securities Tourism Theme ETF holds 2.75 million shares, an increase of 1.00 million shares from the previous period, while the E Fund Enhanced Return Bond A has entered as a new shareholder with 1.42 million shares [4]. Group 4: Business Overview - Tianmu Lake, established on September 15, 1992, and listed on September 27, 2017, operates primarily in tourism, with its main business segments including scenic area operations (55.19%), travel agency services (33.78%), and hotel operations (28.65%) [2]. - The company is classified under the Shenwan industry as part of social services in tourism and scenic areas, with relevant concept sectors including online tourism, tourism hotels, small-cap stocks, micro-cap stocks, and state-owned enterprise reforms [2].

Core Viewpoint - Shoulv Hotel is a leading comprehensive tourism service enterprise in China, with strong market competitiveness and a diverse portfolio of well-known hotel brands [1] Group 1: Business Performance - In Q3 2025, Shoulv Hotel reported revenue of 5.782 billion yuan, ranking second in the industry, surpassing the industry average of 3.642 billion yuan [2] - The main business segments include hotel operations (2.234 billion yuan, 61.02%), hotel management (1.131 billion yuan, 30.89%), and scenic area operations (296 million yuan, 8.08%) [2] - The net profit for the same period was 781 million yuan, also ranking second in the industry, exceeding the industry average of 290 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Shoulv Hotel's debt-to-asset ratio was 51.11%, lower than the previous year's 53.94% and the industry average of 57.79%, indicating strong solvency [3] - The gross profit margin for the period was 40.70%, an increase from 39.59% year-on-year and above the industry average of 29.21% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.55% to 44,300, while the average number of circulating A-shares held per shareholder decreased by 2.48% to 25,200 [5] - Notable shareholders include Hong Kong Central Clearing Limited and various ETFs, with significant increases in holdings for some [5] Group 4: Management Compensation - The total compensation for General Manager Sun Jian in 2024 was 7.7477 million yuan, a decrease of 1.0354 million yuan from 2023 [4] Group 5: Market Outlook - Analysts from Huatai Securities and Dongwu Securities have adjusted profit forecasts for 2025-2027, citing pressures on RevPAR and the impact of store closures [6]

Group 1 - Huangshan Tourism announced the convening of its 15th meeting of the 9th Board of Directors on October 28, 2025, via communication voting [1] - The meeting reviewed the profit distribution plan for the first three quarters of 2025 [1] Group 2 - For the first half of 2025, the revenue composition of Huangshan Tourism is as follows: cable car operations accounted for 37.86%, tourism services for 24.85%, hotel operations for 22.23%, scenic area business for 14.65%, and Huizhou cuisine for 13.88% [1]