Core Viewpoint - The G3551 train, part of the Beijing-Harbin high-speed railway, exemplifies the commitment of the Shenyang Passenger Segment to service excellence during the Spring Festival travel season, showcasing innovative service methods like the "Colorful Ribbon" service approach developed by train conductor Wang Baihui [2][4][6]. Group 1: Service Innovation - The "Colorful Ribbon" service method uses different colored ribbons to create a "silent green channel" for key passengers, enhancing their travel experience [2][4][6]. - Wang Baihui, the train conductor, leads the implementation of this service innovation, demonstrating a proactive approach to customer service [8][10][12]. Group 2: Operational Details - The G3551 train departs from Beijing Chaoyang Station and heads towards Changbai Mountain Station, operating on the high-speed rail line [2][4][6]. - The train is operated by the Shenyang Passenger Segment of China Railway Shenyang Group, utilizing the Fuxing intelligent train model [2][4][6]. Group 3: Commitment to Service - The operation of the G3551 train reflects the motto "People's Railway for the People," emphasizing the dedication of the railway service to its passengers [2][4][6]. - The service provided during the Spring Festival is a testament to the enduring spirit of customer care within the railway industry [8][10][12].

Core Viewpoint - Changbai Mountain's stock price has reached a 60-day low due to technical adjustments, capital outflows, and seasonal industry factors, although the company's fundamentals have not significantly deteriorated [1]. Stock Performance - From January 13 to February 12, 2026, Changbai Mountain's stock fell by 10.80%, while the tourism and scenic spot sector declined by 2.35% and the social services sector by 0.80%, indicating weaker performance compared to the industry and the broader market [2]. - The stock price has dropped below the 20-day moving average of 44.008 yuan, with KDJ indicators showing K line at 13.521 and J line at 0.241, suggesting strong short-term selling pressure [2]. Capital Flow Situation - On February 12, 2026, there was a net outflow of 15.3395 million yuan from major funds, while retail investors saw a net inflow of 2.6746 million yuan, which was insufficient to offset the selling pressure from major funds [3]. - The cumulative net outflow from major funds over the past five days has been significant, exacerbating the downward trend in stock price [3]. Reasons for Stock Price Fluctuation - Previous gains were corrected after a strong winter season in 2025, where visitor numbers during the New Year holiday increased by 40.77% year-on-year, pushing the stock price to a high of 52.20 yuan in mid-January [4]. - Recent profit-taking by investors has led to a decline from this high, compounded by seasonal factors as the peak ice and snow tourism season comes to an end, leading to cautious sentiment regarding future visitor growth [4]. - A report from Zhongcheng International in February 2026 indicates that the tourism industry has shifted from "scale recovery" to "quality-price ratio improvement," making some investors sensitive to potential slowdowns in short-term performance growth [4]. Future Considerations - Attention should be paid to the progress of future financing projects, such as the second phase of the hot spring complex, and the long-term impact of transportation improvements on visitor numbers [5].

Core Viewpoint - The "Meet in the Wilderness" event organized by Wall Street Watch will take place from March 4 to 6, 2026, at Changbai Mountain, featuring discussions on global market trends and asset allocation for 2026 with prominent economists and industry leaders [1][2]. Group 1: Event Details - The event will include the 2026 Changbai Mountain Forum, where attendees can hear insights from key figures in politics, business, and academia [2][12]. - Notable speakers include renowned economist Fu Peng, Li Yang from the Chinese Academy of Social Sciences, and Cao Jingnan from Dongfang Securities [2][12]. - The event will also feature a closed-door discussion on "Global Macro and Asset Allocation Trends for 2026" led by Fu Peng, who has over ten years of experience in hedge funds [12][16]. Group 2: Key Dates and Activities - The schedule includes arrival on March 4, participation in the forum on March 5, and a skiing event on March 6 [9][11][14]. - A networking dinner and closed-door sharing sessions will provide opportunities for in-depth discussions on pressing global economic issues [12][16]. - Additional activities include skiing at the "Golden Snow Trail" and enjoying the facilities at the Changbai Mountain Wanda Water Park [18][28]. Group 3: Participant Profile - Approximately 20 high-net-worth individuals, primarily business owners and financial executives, are expected to attend the event [7][8]. - The event aims to facilitate networking and knowledge sharing among participants, enhancing their understanding of current asset allocation trends [26][28].

Core Viewpoint - The article highlights the importance of tax compliance in various industries, showcasing exemplary cases from advanced manufacturing, electronic information, and ice and snow industries to guide businesses in enhancing their tax compliance awareness and practices [1][9]. Advanced Manufacturing Industry - Five advanced manufacturing companies, including Tongkun Co., Wangli Security, Huafeng Chemical, Crystal Optoelectronics, and Sanhua Intelligent Control, were recognized for their tax compliance practices, all maintaining an A-level tax credit rating for several consecutive years [3]. - Tongkun Co. established a dedicated tax management department in 2018 to oversee tax affairs across the group, implementing internal compliance guidelines and ensuring tax compliance in major decisions, with an average annual tax payment of approximately 360 million yuan from 2023 to 2025 [3]. - Wangli Security integrated tax compliance into contract review processes, ensuring that tax obligations are clearly defined in contracts, which led to the successful modification of a contract with an overseas institution to clarify tax responsibilities [4]. - Sanhua Intelligent Control developed a digital system to enhance invoice review efficiency, integrating 298 audit standards to ensure compliance across all financial documents, with a projected tax payment of 370 million yuan in 2025 [6]. - Huafeng Chemical created dual compliance defenses through digital means, including a supplier management system and real-time monitoring of business operations, with a tax payment exceeding 90 million yuan in 2025 [7]. Electronic Information Industry - The Guangdong Provincial Taxation Bureau published typical tax compliance cases from the electronic information sector, including companies like Fangbang Co., Desay SV, and Aohai Technology, which have implemented various compliance measures [1]. Ice and Snow Industry - The Jilin Provincial Taxation Bureau released tax compliance cases from the ice and snow industry, including Changbai Mountain, which provided tax compliance guidance to its subsidiaries and improved financial management through an integrated information system, resulting in a total tax payment of 53.07 million yuan in 2025 [10]. - The article emphasizes the growing importance of integrity and compliance management in the expanding ice and snow tourism market, with companies adopting proactive measures to ensure accurate tax reporting and compliance [10][11].

Core Viewpoint - The emergence of Changsenyuan Red Ginseng Candy redefines traditional health supplements by offering a convenient and enjoyable way to incorporate ginseng into daily life, breaking the stereotype of cumbersome consumption methods [1] Group 1: Sourcing and Quality Control - Changsenyuan Red Ginseng Candy is made from ginseng sourced from a carefully controlled artificial plantation in the core area of Changbai Mountain, benefiting from unique volcanic ash soil and abundant forest moisture [2] - The ginseng undergoes a six-year growth period to accumulate effective components, followed by traditional extraction methods that preserve active substances like ginsenosides and polysaccharides [4] Group 2: Convenience and Usage - The product's portability is crucial for busy urban consumers, as it eliminates the need for traditional preparation methods like slicing or boiling ginseng, allowing for easy consumption anytime [5] - Each candy contains 0.05g of ginseng, with a recommended daily intake of no more than 3g, ensuring both effectiveness and safety [7] Group 3: Craftsmanship and Innovation - The candy represents a fusion of traditional health wisdom and modern food technology, utilizing low-temperature extraction to retain active ingredients and precise cooking techniques to ensure even distribution of ginseng essence [8] - The product is backed by stringent quality control measures and safety certifications, reinforcing its compliance and reliability [8] Group 4: Market Reception and Future Outlook - Changsenyuan Red Ginseng Candy has gained popularity among various consumer groups, including professionals and the elderly, who appreciate its convenience and effectiveness in boosting energy [10] - As health consumption demands continue to rise, the candy is positioned to become a symbolic choice for light health management in modern lifestyles, integrating Eastern wellness principles into everyday routines [12]

Group 1 - The core message is that Xiaomi Auto is launching a winter-themed promotional event at Changbai Mountain Wanda Town, offering free 1:64 alloy car models for test drive appointments and additional golden stickers for information registration [1][3] Group 2 - During the promotional period, Xiaomi Auto is providing various financial car purchase plans, including a 3-year interest-free option for the Xiaomi YU7 model with a down payment starting at 74,900 yuan and a monthly payment as low as approximately 4,961 yuan based on a total price of 253,500 yuan [2][4] - The Xiaomi SU7 Ultra model offers a 5-year interest-free plan with a down payment starting at 199,900 yuan and a monthly payment as low as approximately 5,500 yuan based on a total price of 529,900 yuan [2][4] - All models support trade-in services, allowing old cars to be used as down payments for quick upgrades [2][4]

Core Viewpoint - The article highlights the importance of fire prevention in the forest areas of Changbai Mountain, especially during the dry and windy winter-spring season, emphasizing the role of local firefighter Peng Lidong in educating the community about fire safety measures [1][3][5]. Group 1: Fire Prevention Efforts - Peng Lidong has been dedicated to fire safety in the Changbai Mountain area for 18 years, actively engaging with local residents to raise awareness about fire risks and prevention strategies [3][5]. - The current weather conditions, characterized by cold and dry air along with frequent strong winds, create a high risk for forest fires, particularly as residents increase their use of fire for heating and cooking during the Spring Festival [3][5]. Group 2: Community Engagement - Peng Lidong utilizes a relatable approach to communicate fire safety knowledge, transforming complex information into easy-to-understand language and sharing personal experiences from past firefighting incidents [5]. - He emphasizes the need for community members to understand fire risks and take proactive measures, such as ensuring that fires are completely extinguished after use and avoiding the burning of waste in unauthorized areas [5]. Group 3: Recognition and Impact - Over the years, Peng Lidong has become a symbol of safety in the community, earning numerous accolades for his commitment to fire prevention and community service [5]. - His efforts contribute significantly to the safety and well-being of local families, allowing them to celebrate the Spring Festival with peace of mind [5].

Investment Rating - The report rates the industry as "Buy" [1] Core Insights - The tourism sector is entering a golden investment period driven by policy support, strong supply and demand [3] - The optimization of vacation systems, improvement in cultural tourism supply, and acceleration of local asset securitization are key factors creating investment opportunities in the scenic area sector [3] Summary by Sections 1. Optimization of Vacation Systems - The introduction of spring and autumn breaks is expected to significantly boost tourism demand, with potential increases in visitor numbers by 1-3 times [8] - The Ministry of Human Resources and Social Security plans to revise the paid annual leave regulations, which is crucial for enhancing the execution of vacation policies [16] 2. Continuous Growth in Tourism Consumption - Domestic tourism spending is recovering to 2019 levels, with total expenditure reaching 5.75 trillion yuan in 2024, a year-on-year increase of 17.1% [19] - The K-12 student population, approximately 200 million, presents a substantial consumer base for spring and autumn breaks, driving family travel patterns [29] 3. Structural Upgrades in the Cultural Tourism Sector - The cultural tourism industry has completed a recovery phase and is entering a stage of mature competition and structural differentiation [3] - High-level open policies and transportation improvements are contributing to a resurgence in inbound tourism [3] 4. New Projects and Asset Securitization in Scenic Areas - Many scenic areas are launching new projects in response to policy and consumer demand, which is expected to drive growth in 2026 and beyond [4] - Areas rich in cultural tourism resources are likely to accelerate asset securitization, creating synergistic effects [4] 5. Investment Recommendations - Focus on three main lines for investment: 1. Improvements in transportation, such as Emei Mountain and Huangshan tourism [6] 2. Expectations of resource integration, such as Tianfu Cultural Tourism and Shaanxi Tourism [6] 3. New project launches, including Three Gorges Tourism and Songcheng Performing Arts [6]

Core Viewpoint - The establishment of the first flagship store for Jilin Changbai Mountain Wild Ginseng in Guangzhou marks a significant step in deepening agricultural cooperation between Jilin and Guangdong, facilitating the integration of high-quality agricultural products into the Guangdong-Hong Kong-Macao Greater Bay Area [2][3][42]. Group 1: Flagship Store Opening - The flagship store was officially unveiled on February 5, 2024, representing the first of its kind in the Greater Bay Area for Jilin Changbai Mountain Wild Ginseng [2][3]. - This store serves as a bridge for in-depth exchanges and practical cooperation between the wild ginseng industries of Jilin and Guangdong [3][5]. Group 2: Agricultural Cooperation Model - Jilin and Guangdong have been implementing a cooperation model centered around "four shares" (shared market system, shared production workshops, shared storage cloud warehouses, and shared research platforms) to enhance inter-provincial collaboration [8][9]. - This model has evolved from the "North Ginseng South Orange" initiative into a comprehensive and systematic cooperation mechanism, promoting the movement of Jilin's high-quality agricultural products into Guangdong [10][12]. Group 3: Economic Impact and Future Prospects - The flagship store is expected to provide a platform for consumers in the Greater Bay Area to experience and trust high-quality ecological products from the Changbai Mountain region [18][19]. - The store will also act as an information hub, relaying market trends and consumer demands back to Jilin's production and research sectors, thereby driving industrial upgrades [20][21]. - The Jilin ginseng industry aims to achieve a total industrial chain output value exceeding 100 billion yuan by 2025, with a growth rate of over 30% [27][28]. Group 4: International Expansion - During the promotional event, a cross-border e-commerce cooperation agreement was signed to help expand the Jilin ginseng market into Southeast Asia, showcasing the international extension of the "four shares" model [40][41]. - The flagship store's opening is a key milestone in Jilin's transition from a traditional ginseng-producing province to a modern, standardized, and branded agricultural powerhouse [44][45].

Group 1 - The article highlights the contrast between the winter climates of Milan and Changchun, emphasizing Milan's mild weather compared to Changchun's snowy winters [3][5] - Chinese volunteers are actively participating in the Milan Winter Olympics, primarily consisting of students studying in Italy and nearby countries, providing assistance at key locations such as airports and media centers [5][6] - The presence of familiar Chinese faces in the media center reflects a shared enthusiasm for winter sports, with volunteers expressing their love for skiing and plans to visit Chinese ski resorts after the Olympics [6][12] Group 2 - The article captures the essence of Milan as a city of fashion and culture, contrasting it with the harsh winter of Changchun, showcasing the city's romantic atmosphere and leisurely lifestyle [8][10] - The deep-rooted passion for football in Milan is highlighted, with references to legendary teams AC Milan and Inter Milan, illustrating the city's rich sports history and the emotional connection of fans [10][12] - The narrative intertwines the themes of sports and cultural pride, as the author expresses a desire to witness the Chinese flag raised at the Olympic venue, symbolizing national pride and aspirations [12]