Analysis of the Reasons and Sustainability of the Strong Performance of Nanjing Tourism & Commerce (600250)

Nanjing Tourism & Commerce (600250) recent strong performance is mainly driven by multiple factors:

• Commercial Sector Synergy
  : The commercial retail sector has continued to strengthen. On December 8, many stocks in the sector hit their daily limit (e.g., Dongbai Group, Liren Lizhuang), driving Nanjing Tourism & Commerce higher [3][4][7].
• Tourism Theme Speculation
  : The approaching Hainan customs closure has heated up sentiment in the tourism sector. As the only listed platform under Nanjing Culture and Tourism, the company benefited from the rebound of tourism ETFs [2].
• Company Business Dynamics
  : Its plan to acquire 100% equity of Huangpu Hotel (expected to improve asset quality) and its status as the IP operator of Hongshan Zoo have increased market attention [5].

• Technical Aspects
  : On December 11, it rose by 10.49%, with a 5-day increase of 30.73%, and the trading volume was 3.29 times the 5-day average volume; MACD and KDJ indicators are bullish, indicating an upward trend [0]; the main capital net inflow was 113 million yuan, accounting for 12.38% of the total turnover, showing obvious institutional capital involvement [1].
• Fundamental Aspects
  : As a local cultural tourism listed platform, the company has certain resource advantages, but its operating income decreased by 8.07% year-on-year in the first three quarters of 2025, and its net profit attributable to shareholders decreased by 51.46% year-on-year, showing a downward trend in performance [5].

1. Sentiment-driven Characteristics
   : The recent rise relies more on sector sentiment and theme speculation rather than fundamental improvement.
2. Capital Support
   : High trading volume and main capital inflow indicate high short-term market attention, but the overbought signal (RSI) needs to be vigilant [0].
3. Valuation Risk
   : PE (158.93x) and PB (6.49x) are far higher than the industry average, with great valuation pressure [0].

• Risks
  : Overvaluation, fundamental decline, and technical overbought conditions lead to short-term correction risks; fluctuations may occur after the heat of theme speculation recedes [0][5].
• Opportunities
  : The landing of asset acquisition and the recovery of the tourism market may bring long-term opportunities; the continuous linkage effect of the sector may promote short-term performance.

The short-term strength of Nanjing Tourism & Commerce is mainly driven by sector sentiment and theme speculation. Technical and capital aspects support short-term growth, but poor fundamentals and overvaluation limit long-term sustainability. Investors need to pay attention to the support level ($11.10), resistance level ($13.60), and overbought risks, and evaluate subsequent performance based on sector sentiment and the company’s business progress.