来源：新浪证券-红岸工作室 11月28日，华侨城A涨1.14%，成交额2.02亿元，换手率1.12%，总市值213.80亿元。 异动分析 物业管理+特色小镇+旅游概念+冰雪产业+体育产业 1、2023年6月20日互动易：截至2022年底，公司在管物业项目共计316个，管理总面积达4,680万平方 米，覆盖全国56个城市。 2、根据2023年3月31日公告：华侨城涿州文化旅游开发有限公司为公司控股公司，公司累计持有该公司 60%股份。该公司成立于 2017年 10 月，注册地为涿州市开发区范阳东路 3 号开发区管委会 5楼 506 室，法定代表人为贺明，注册资本为 5.00 亿元，主营业务为文化旅游项目、特色小镇项目的开发；土 地一级开发；房地产开发及销售等。 3、深圳华侨城股份有限公司的主营业务是旅游业务、房地产业务。公司的主要产品是主题公园、酒 店、文商旅综合体、自然人文景区、旅行服务、多业态融合发展的综合性社区、单体住宅社区、公园式 商业街区及写字楼。 4、目前华侨城旗下部分主题公园、开放式旅游区内建有室内冰雪场馆，例如深圳世界之窗于2020年全 新升级"阿尔卑斯冰雪世界"，是以阿尔卑斯"冰雪之旅"主题为 ...

Core Viewpoint - The recent acquisition by 澳博控股 (Amax Holdings) of 凯旋门酒店 (The Parisian Macao) for 1.75 billion HKD in stock and 17.5 billion HKD for debt repayment is seen as beneficial for the company, despite UBS giving a "Sell" rating with a target price of 2.8 HKD [1][1][1] Group 1 - On November 27, shareholders of 澳博控股 deposited shares worth 1.018 billion HKD into BNP Paribas, representing 5.37% of the company [1] - UBS reported that 澳博控股 announced a total expenditure of 17.5 billion HKD for the acquisition of 凯旋门酒店, which includes 1.75 billion HKD for stock purchase and approximately 17.5 billion HKD for debt repayment on behalf of the seller [1] - UBS has assigned a "Sell" rating to 澳博控股 with a target price set at 2.8 HKD, indicating a cautious outlook despite the perceived benefits of the acquisition [1]

Core Viewpoint - The company reported a revenue of HKD 305 million for the six months ending September 30, 2025, representing an 8.2% year-on-year increase, primarily driven by improved performance in the gaming business [1] Financial Performance - Total revenue from gaming, hotel, dining, leasing, and related services was HKD 305 million, up 8.2% year-on-year [1] - The net profit for the period was HKD 11.605 million, a decrease of 26.05% compared to the previous year [1] - Earnings per share stood at HKD 0.0144 [1] Business Segments - The increase in revenue was mainly attributed to the improved performance of the gaming business [1]

Core Viewpoint - The company reported a revenue increase in its gaming, hotel, dining, leasing, and related services, primarily driven by improved gaming performance [1] Financial Performance - The company achieved a revenue of HKD 305 million for the six months ending September 30, 2025, representing an increase of 8.2% year-on-year [1] - The net profit for the period was HKD 11.605 million, which reflects a decrease of 26.05% compared to the previous year [1] - Earnings per share stood at HKD 0.0144 [1]

一国字号荔枝主 题博览馆，有机 会要去打卡一 下！"……市民 游客的赞叹声在 广州塔下此起彼 伏。华灯初上， 广州塔西广场流 光溢彩、人头攒 动。为进一步推 动茂名高州市文 化旅游产业高质 量发展、深化区 域文旅合作，11 月22日，由高州 市文化广电旅游 体育局主办 的"2025年高州 市文旅（广州） 招商推介会"在 这里举行。此次 推介会以"千年 古郡，中国荔 乡"为主题，全 方位展示高州丰 富的文化旅游资 源与投资机遇。 广州塔下，邂逅荔乡。 "2025年高州市文旅（广州）招商推介会"在广州市广州塔西广场举行。 活动现场，文旅 推荐官登台进行 深度文旅招商推 介，描绘高州文 旅发展新蓝图； 柏桥服务区负责 人介绍"柏桥经 广州塔下，邂逅 荔乡！2025年高 州市文旅（广 州）招商推介会 举行_南方+_南 方plus "仙人洞太美 了，明年一定要 去看看！""没想 到高州除了荔 枝，还有这么多 宝藏景点！""原 来高州有全国唯 验"，解码"交农 文旅商"融合消 费新场景；高州 市旅游协会、旅 行社分别与大湾 区旅游协会、旅 行社共同签署旅 游资源共享、客 源互送协议，并 为来自文化、旅 游、媒体等领域 的 ...

Core Viewpoint - Beijing has set a new record for land prices with the recent acquisition of a plot in Dongcheng District by Beijing Urban Construction Group for 2.028 billion yuan, marking a 4% premium and a floor price of 81,100 yuan per square meter, surpassing the previous record of 102,300 yuan per square meter set by the China Overseas Land project [3][4]. Group 1: Land Acquisition Details - The plot consists of four smaller parcels, with a total area of 2.27 hectares and a planned above-ground construction area of 25,000 square meters, resulting in a low floor area ratio of only 1.1 [5]. - The residential floor price reached 103,600 yuan per square meter, indicating significant interest in high-end residential developments despite a challenging market [3][9]. - The bidding process involved intense competition, with China Overseas Land ultimately withdrawing after nearly 40 rounds of bidding [3][4]. Group 2: Land Characteristics and Development Potential - The site is strategically located near the Temple of Heaven, enhancing its desirability due to its historical significance and urban location [3][9]. - The 0202 parcel is particularly noteworthy as it is planned for traditional courtyard houses, which are rare in the area, and must adhere to strict architectural guidelines to maintain the historical character of the neighborhood [9][13]. - The overall development plan includes a mix of residential and non-residential properties, with specific restrictions on sales, indicating a focus on maintaining the integrity of the community [14][16]. Group 3: Market Implications - The successful acquisition and planned development of the site reflect ongoing demand for luxury residential properties in Beijing, despite broader market challenges [3][4]. - The pricing dynamics suggest that high-end developments can still command premium prices, with potential sales prices for the courtyard houses projected at around 15 million yuan per square meter, leading to total prices of approximately 375 million yuan for entire units [17]. - The unique characteristics of the land, including its historical context and the planned architectural style, may attract affluent buyers looking for exclusive properties in Beijing [9][13].

资料显示，长白山旅游股份有限公司位于吉林省长白山保护开发区池北区(白林西区和平街)，成立日期 2010年12月8日，上市日期2014年8月22日，公司主营业务涉及旅游服务业,包括旅游客运、旅行社及温 泉水开发、利用业务。主营业务收入构成为：旅游客运业务66.82%，酒店业务24.09%，其他业务 6.82%，旅行社业务2.28%。 11月20日，长白山跌3.22%，成交额8.72亿元。两融数据显示，当日长白山获融资买入额8241.38万元， 融资偿还7871.26万元，融资净买入370.12万元。截至11月20日，长白山融资融券余额合计3.88亿元。 融资方面，长白山当日融资买入8241.38万元。当前融资余额3.87亿元，占流通市值的2.79%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，长白山11月20日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量1.65万股，融券余额85.80万元，超过近一年90%分位水平，处于高位。 分红方面，长白山A股上市后累计派现1.44亿元。近三年，累计派现4253.39万元。 机构持仓方面，截止2025年9月30日，长 ...

Core Viewpoint - The stock of Electric Broad Media has shown a positive trend with a year-to-date increase of 20.28%, reflecting strong performance in the media sector [1][2]. Financial Performance - For the period from January to September 2025, Electric Broad Media achieved a revenue of 3.19 billion yuan, representing a year-on-year growth of 16.32%. The net profit attributable to shareholders was 132 million yuan, marking a significant increase of 116.61% [2]. - The company has distributed a total of 695 million yuan in dividends since its A-share listing, with 85.05 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 20, the stock price reached 8.48 yuan per share, with a trading volume of 146 million yuan and a market capitalization of 12.02 billion yuan [1]. - The stock has experienced a net inflow of 127,100 yuan from main funds, with significant buying activity from large orders [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 14.36% to 76,800, while the average circulating shares per person increased by 16.77% to 18,447 shares [2]. - The top three circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 7.39 million shares, and Southern CSI 1000 ETF, which reduced its holdings by 139,900 shares [3]. Business Segments - The main revenue sources for Electric Broad Media include advertising operations (65.66%), investment management (12.73%), and gaming (12.50%) [1].

Core Viewpoint - Daxiyucheng Real Estate has received approval for privatization, with plans to delist from the Hong Kong Stock Exchange effective November 27, 2023, due to market performance pressures and liquidity issues [1][4]. Group 1: Company Overview - Daxiyucheng Real Estate, a subsidiary of COFCO Group, focuses on the development, operation, sales, leasing, and management of mixed-use and commercial properties, including shopping centers, hotels, and office buildings. It was listed on the Hong Kong Stock Exchange in 2013 [4]. - As of mid-2025, Daxiyucheng Real Estate has established a presence in 24 cities across mainland China and Hong Kong, managing 32 commercial projects and developing residential and hotel projects [4]. Group 2: Financial Performance - In 2024, Daxiyucheng Real Estate reported revenue of 19.83 billion yuan, a year-on-year increase of 49.42%. However, it recorded a net loss of 290 million yuan, marking its first loss in many years [4]. Group 3: Privatization and Market Impact - The privatization plan involves a share buyback totaling approximately 2.932 billion Hong Kong dollars, aimed at enhancing the company's equity and improving overall operational efficiency and market competitiveness [4]. - As of November 18, 2023, Daxiyucheng Real Estate's stock price was 0.615 HKD per share, with a market capitalization of 8.8 billion HKD [5].

Core Insights - November is traditionally a low tourism season, but due to significant price reductions in flights and hotels, as well as discounts on train tickets, there is a surge in off-peak travel enthusiasm, making Nanjing a popular destination for family autumn vacations [1][2][4] Price Reductions - Flight prices have dropped significantly, with reductions exceeding 50% on various routes since mid-October. For example, flights from Nanjing to Chengdu can be as low as 420 yuan, and to Dalian as low as 330 yuan [2] - Hotels are also offering substantial discounts, such as a 3-day, 2-night package in Sanya reduced from 688 yuan to 398 yuan, and a similar package in Dali reduced from 1980 yuan to 899 yuan [2] - Train ticket prices have seen widespread discounts, with some high-speed rail routes offering fares as low as 40% of the original price [2] Increased Travel Activity - There is a notable increase in off-peak travel, with Tuniu reporting a 13% rise in user travel numbers compared to the same period last year. This trend is reflected across various travel products, including flights, hotels, and packaged tours [3] - Nanjing residents are particularly enthusiastic about nearby travel, with a 50% increase in local travel bookings on Tuniu compared to last year. Popular destinations include Shanghai, Huangshan, Suzhou, and Hangzhou [3] Nanjing as a Family Travel Destination - Nanjing has become a favored destination for family autumn vacations, with many scenic spots reaching their peak viewing period. New attractions, such as the water culture theme park at Xuanwu Lake, are drawing visitors [4] - A significant portion of visitors to Nanjing in November comes from nearby regions, including Jiangsu, Shanghai, Anhui, and Zhejiang, coinciding with the introduction of autumn breaks in various educational institutions [4]