通讯员 马亚雄 胶州湾畔,由中建八局四公司承建的宋城演艺项目现场繁忙有序,多个单体建筑外立面施工同步展开,室内 精装及设备安装工作有序推进,项目整体已进入建设后期阶段,计划于2026年正式对外开放。 记者 赵波 青岛报道 当前,项目建设重点已由主体施工转向装饰装修与系统安装阶段。现场施工采取分区推进方式,统筹安排 工序衔接,确保工程质量与建设进度同步可控。按照计划,后续将陆续开展室外管网、景观绿化及公共配 套设施施工,逐步完善整体功能环境。 随着工程重心的逐步外延,项目后续还将陆续展开室外综合管网铺设、景观绿化营造及公共配套设施建 设等工作,推动建筑空间向完整城市功能场景转化。通过内外联动、软硬并进的建设方式,项目整体环境 品质和服务功能将不断完善,为文旅业态落地运营和区域活力释放奠定坚实基础。 近年来,随着文旅消费结构不断升级,游客更加注重参与感和体验感。上合示范区临海片区综合整治与产 业融合发展EOD项目二期以文化主题演艺为核心,将齐鲁文化、海上丝绸之路文化与上合组织国家多元 文化元素相结合,通过舞台演艺与沉浸式场景,集中呈现不同文明交流互鉴的文化内涵；同时项目通过演 艺内容与街区消费的联动设计,着力构建 ...

行业政策与环境 现场演艺业务面临线上娱乐分流及线下竞争加剧，部分项目如杭州、丽江景区营收出现下滑。尽管旅游 市场整体复苏，但消费者更注重性价比，导致客单价增长受限。2025年上半年毛利率同比下降3.47个百 分点，净利率下降9.53个百分点，反映盈利空间收窄。 资金面情况 2026年2月11日主力资金净流出6113.98万元，近期股价波动加大。机构普遍预测2025年净利润同比下滑 18.37%，市场对短期增长信心不足。 以上内容基于公开资料整理，不构成投资建议。 经济观察网宋城演艺（300144）股价近期表现承压，主要受业绩下滑、重大关联交易争议及市场对增长 前景担忧等多重因素影响。 业绩经营情况 公司2025年业绩预告显示，净利润预计为7.11亿—9.15亿元，同比下降12.75%—32.21%。此前2025年三 季报已出现营收同比下降8.98%、归母净利润同比下降25.22%的情况，显示主营业务增长乏力。轻资产 输出收入同比减少、成本费用增加及利息收入下降进一步拖累盈利。 关联交易情况 2025年11月，公司以9.63亿元现金收购控股股东旗下宋城实业，该交易溢价较高且无业绩承诺，导致中 小股东反对率达17 ...

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector [3]. Core Insights - The 2026 Spring Festival will feature a "9-day no work adjustment" policy, leading to a high public satisfaction rate of 92.9%. This extended holiday is expected to significantly boost travel and consumption during the Spring Festival period [7][8]. - The aviation sector anticipates a record passenger volume of 95 million during the 40-day Spring Festival travel period, representing a year-on-year increase of 5.3%. The number of flights planned by domestic airlines is expected to reach 657,000, also up by 5% [8]. - The domestic tourism market is experiencing diverse growth, with family travel becoming increasingly popular. The proportion of family travelers is expected to reach 39%, while the elderly demographic (aged 60 and above) will account for 19% of travelers [18][20]. - There is a notable increase in outbound travel demand, with booking volumes rising nearly 40% year-on-year. Southeast Asia is dominating international travel routes, capturing nearly 50% of outbound flights, while flights to Japan have decreased significantly [31][40]. Summary by Sections 1. Expansion of Aviation and Railway Capacity - The Spring Festival travel period will see a significant increase in passenger flow, with the aviation sector expecting 95 million passengers, and the railway sector projecting 539 million passengers, both reflecting a 5% increase year-on-year [8][16]. 2. Emergence of Diverse Customer Groups - Family travel is on the rise, with a notable increase in the average booking price for family accommodations, which is 9% higher than other types. The demand for larger, more private accommodations is also increasing, with a 77% year-on-year growth in bookings for standalone villas during the winter holiday [18][20]. 3. Restructuring of Destination Patterns - Outbound travel is seeing a shift, with Thailand regaining its position as the top destination. The demand for long-haul and differentiated travel experiences is becoming mainstream, with a significant increase in interest for destinations like Turkey and New Zealand [31][42]. 4. Investment Analysis Recommendations - The report suggests focusing on companies that can leverage the benefits of the extended holiday and the growth in inbound and long-haul outbound travel. Recommended sectors include tourism attractions, exhibition and sports events, human resources, hotels, and duty-free retail [43].

Rocket Launch - Huabao New Energy's outdoor power supply products have been widely applied in various high-difficulty off-grid power scenarios, including domestic rocket launches [1] - Taisheng Wind Power's rocket storage tank project is expected to officially start production by mid-2026 [1] Battery - Toxin Pharmaceutical currently does not have products or business related to brain-computer interface fields [1] Photovoltaics - Zerun New Energy has not yet conducted research and development on solar wing junction boxes [1] Media - Bona Film Group is involved in the production of "Fast and Furious 3," which is scheduled for nationwide release during the 2026 Spring Festival [1] Other - Taihe Technology's renovation of its original lithium iron phosphate production facility is expected to achieve an annual production capacity of 10,000 tons of sodium iron phosphate [1] - Li'ang Technology will continue to increase R&D investment in computing power, cloud computing, and cloud services [1] - Xinwei Communication currently holds a 15% stake in Xinwei Electric Science [1] - Boss Software is still held by Linzhi Tencent [1] - Xinke Mobile's satellite internet business is still in the investment phase [1] - Beijing Junzheng's new process products are expected to begin large-scale sales starting in the first quarter [1] - Xinbao Co.'s self-branded coffee machine Barsetto has a small domestic sales proportion [1]

证券日报网讯2月10日，宋城演艺（300144）在互动平台回答投资者提问时表示，台州轻资产项目正按 整体规划稳步推进，原计划于2028年5月份开业，目前不排除提前开业的可能性，具体开业时间请以项 目后续官方信息为准。今年春节期间该项目尚不具备开业条件。 ...

（文章来源：证券日报） 证券日报网讯 2月10日，宋城演艺在互动平台回答投资者提问时表示，截至2026年1月30日，公司含信 用账户合并股东总户数为86906户。 ...

（文章来源：证券日报） 证券日报网讯 2月10日，宋城演艺在互动平台回答投资者提问时表示，公司理解资本市场对企业长期价 值成长的关注。公司认为，市值是企业经营成果和长期竞争力在资本市场的综合反映，"修内功"无疑是 市值管理的基石。公司"做世界文化演艺第一"的愿景和使命始终未变，公司将持续深耕演艺主业，以创 新为引领，不断打造更多高品质、标杆性的演艺作品，营造新奇和沉浸感的景区与度假体验，将核心竞 争优势转化为可持续的增长动能；持续培育和深挖现有项目潜力、稳步拓展新项目，夯实内在价值基 础，让"宋城"和"千古情"成长为国民级文化品牌。此外，通过强化投资者关系管理，主动向投资者传递 公司的核心价值与战略成果，推动市场对公司价值更准确、更充分的认知。 ...

证券日报网讯2月10日，宋城演艺在互动平台回答投资者提问时表示，公司目前主要将自有现金理财投 向银行保本型及风险等级极低的存款或理财产品，并未投资黄金或白银类基金。 ...

证券日报网讯 2月10日，宋城演艺在互动平台回答投资者提问时表示，公司紧跟时代步伐，持续创新， 目前整体经营态势稳健，主营业务根基扎实，各项竞争优势持续巩固。近年来，受宏观经济、行业周 期、市场环境等因素影响，行业整体呈现阶段性调整特征，个别项目出现阶段性业绩承压，属于文旅项 目发展过程中的正常现象，公司高度重视并综合考虑市占率和经营业绩，制定有针对性的策略以推动其 稳健发展。从中长期看，国家持续推动文化和旅游深度融合，行业发展基础和政策环境依然稳固。公司 在近30年的实践中，已形成成熟的内容研发体系、项目拓展能力和运营管理经验，将在稳健经营的前提 下，推动存量项目提质增效、新项目有序成长，持续夯实核心竞争力。 （文章来源：证券日报） ...

格隆汇2月10日丨宋城演艺(300144.SZ)在投资者互动平台表示，公司目前暂未与美国特斯拉公司建立业 务合作关系。 ...