Beijing Cuiwei Tower Co Ltd

On September 4, the three major A-share indices opened higher across the board, with the ChiNext index rising more than 1%, and sectors such as digital currency, semiconductor chips, and CPO leading gains. Digital currency concept stocks were active, with Sifang Jingchuang hitting the 20cm daily limit, and multiple stocks including Hengbao, Cuiwei, and Chutianlong also hitting their daily limits. In terms of news, Federal Reserve Governor Waller said that if inflation continues to slow, he would lean toward supporting the Fed keeping rates unchanged, prompting traders to lower their bets on Fed rate hikes from 63% yesterday to 60%. Affected by this, cryptocurrencies rose across the board, and overnight US digital currency concept stocks surged, with Strategy up more than 17%, Circle up more than 16%, and Coinbase up more than 10%.

Cuiwei Co. disclosed its 2026 semi-annual report on August 29. In the first half, it achieved total operating revenue of 966 million yuan, down 13.68 percent year on year. Net loss attributable to the parent company was 72.04 million yuan, compared with a loss of 203 million yuan in the same period last year, narrowing the loss by 131 million yuan. Net loss after deducting non-recurring items was 175 million yuan, compared with a loss of 203 million yuan a year earlier. Net cash flow from operating activities was 78.97 million yuan, compared with negative 10.61 million yuan in the same period last year. During the reporting period, the company's basic loss per share was 0.095 yuan, and the weighted average return on equity was negative 4.44 percent, up 5.51 percentage points year on year. The company is mainly engaged in commercial department store retail and third-party payment related businesses.

On August 20, the A-share tourism sector strengthened amid intraday volatility. Nanjing Commercial & Tourism and Cuivei Co. hit their daily limit up, while Baiona Qiancheng, Jiuhua Tourism, Jinpu Landscape, Ciwen Media, and Shaanxi Tourism also rose in tandem. On the news front, according to the State Council General Office's notice on holiday arrangements for 2026, the Mid-Autumn Festival holiday runs from September 25 to 27, a total of 3 days with no adjusted working days, while the National Day holiday runs from October 1 to 7 with adjusted working days, a total of 7 days. The two holidays are separated by only 3 working days. If consumers apply for leave during those 3 working days, they can piece together a super-long 13-day holiday from September 25 to October 7. Entering August, the "take 3 days off for a 13-day break" leave strategy quickly gained momentum in the tourism consumption market, directly driving a rapid rise in search and booking interest for long-haul and outbound travel. Inquiry volumes for related products on online travel platforms such as Ctrip, Tongcheng, and Tuniu rose noticeably. According to data from Qunar, as of August 10, booking interest for popular domestic cities during the Mid-Autumn and National Day holidays grew 30% year on year, while interest in popular outbound cities grew more than 50%. According to data from U-Tour, as of August 12, travel products for the National Day golden week had already accounted for 75% of customer intake, with the pace of bookings significantly faster than the same period last year, and overall trip registrations up 70% year on year. According to big data from the official civil aviation direct sales platform Umetrip, as of August 11, bookings for domestic flight tickets with travel dates from September 25 to October 7 exceeded 1.71 million, up about 7% year on year, while bookings for international and regional flight tickets exceeded 1.28 million, up about 11% year on year. BOC International analysis pointed out that this year's Mid-Autumn and National Day holidays are only 3 days apart, and some consumers have already pieced together a long holiday through the "take 3 days off for a 13-day break" approach. A longer holiday period is expected to help unleash demand for long-haul and cross-border travel. In the first half of 2026, domestic residents made 3.463 billion trips, an increase of 178 million over the same period last year, up 5.4% year on year, with total travel spending reaching 3.21 trillion yuan, up 2.0% year on year. With State Council approval, the Ministry of Culture and Tourism recently issued the 15th Five-Year Plan for building a strong tourism nation, proposing that by 2030 domestic residents will make 8.3 billion trips, total domestic travel spending will reach 7.7 trillion yuan, and inbound tourism will reach 190 million visits with total spending exceeding 150 billion US dollars.

The tech finance sector surged in volatile trading, with Feitian Technologies hitting its 20% daily limit up. Cuivei Shares, Hengbao, and Chutian Dragon also hit their daily limit up. Recently, nine departments including the People's Bank of China, the National Development and Reform Commission, and the Ministry of Science and Technology jointly issued a notice on strengthening data development and utilization in the tech finance sector, and simultaneously released the National Tech Finance Data Development and Utilization Catalog 1.0, marking the official entry of tech finance into a new data-driven stage.