Core Viewpoint - The opening of Huafa Qianhai Ice and Snow World, claimed to be the "world's largest indoor ski resort," has sparked controversy over its pricing structure, with many consumers expressing concerns about affordability while some support the premium pricing for its unique offerings [2][3][8]. Pricing Controversy - The ticket pricing for Huafa Qianhai Ice and Snow World starts at 208 yuan for a 2-hour snow play ticket and 348 yuan for a 3-hour skiing ticket, with annual memberships exceeding 20,000 yuan, leading to significant public debate about the affordability of these prices [2][3][6]. - A family of three would spend over 1,000 yuan for a single skiing experience, which has led to complaints about the high costs compared to other ski resorts in northern China [3][6]. - Some consumers have called for more affordable options, such as student tickets and weekday discounts, to lower the entry barrier for visitors [3][6]. Unique Features of the Resort - Huafa Qianhai Ice and Snow World boasts a total area of 100,000 square meters, featuring 5 professional ski slopes, including FIS-certified competition-level slopes, and a vertical drop of 83 meters [5][6]. - The resort includes a capacity to transport 3,200 people per hour through its two chairlifts and five magic carpets, ensuring a smooth experience during peak times [5][6]. Competitive Pricing Analysis - Compared to other ski resorts, Huafa Qianhai Ice and Snow World's pricing is positioned at a higher tier. For instance, a 3-hour skiing ticket at a similar resort in Guangzhou is priced between 200 to 300 yuan, while Huafa's starts at 348 yuan [6][7]. - The pricing strategy reflects a focus on attracting serious skiing enthusiasts, with membership options ranging from 9,999 yuan for 90 days to 23,799 yuan for a full year, which is not offered by many competing resorts [7][8]. Company Response and Future Plans - The management of Huafa Qianhai Ice and Snow World has stated that the pricing is based on the unique features and high-quality facilities of the resort, and they plan to introduce various promotional activities and diverse ticketing options in the future [8][9]. - The resort aims to create a multi-scenario experience by integrating additional facilities such as a deep diving base and a luxury hotel, enhancing the overall value proposition for visitors [8][9].

208元起的2小时娱雪票、348元起的3小时滑雪票，再到2万余元的年卡，价格一经曝光便在社交平台引发热议，"太贵了""消费不起"成为评论区高频词。当 然也有网友给出支持态度，认为能在不下雪的深圳拥有全球最大的室内滑雪场，愿意用更高的价格为其规模及配套设施买单。目前，消费者对"高价雪票"的 争议仍在持续发酵。 对此，南都·湾财社也联系了华发前海冰雪世界。华发冰雪热雪奇迹相关负责人表示，产品的定价是基于产品本身特色和全球领先的设施配置，致力于提供 专业、高品质的冰雪体验，未来会不断推出优惠活动和多元化的票务产品。 票价争议沸腾：单人票超三百，三口之家体验过千 据此前发布会上信息，目前前海冰雪世界的单次票价根据体验时长、及不同赛道划分成多个档次，最低一档的2小时娱雪票在在208元起，而去到中/高级道 不限时滑雪票则要568元起。如果要体验滑雪，基本的单次票，即初级道3小时滑雪票在348元起。 除了单次票，深圳·前海冰雪世界还提供三档会籍服务，分别为90天无限次畅滑的黄金会籍、180天无限次畅滑的铂金会籍以及365天无限次畅滑的黑金会 籍，定价分别为9999元、13699元、23799元。 华发前海冰雪世界的票价表一 ...

Group 1 - The company approved a share repurchase plan with a total fund amount between RMB 300 million and RMB 600 million, with a maximum repurchase price of RMB 9.83 per share, valid for 12 months from the approval date [1] - The maximum repurchase price was adjusted to RMB 9.73 per share starting from May 26, 2025, due to the implementation of the 2024 annual equity distribution [2] - The maximum repurchase price was further adjusted to RMB 9.71 per share starting from September 11, 2025, following the implementation of the 2025 semi-annual equity distribution [2] Group 2 - As of September 12, 2025, the company had repurchased a total of 27.82 million shares, accounting for 1.01% of the total share capital, with a total transaction amount of RMB 141,660,447.20 [3] - The highest repurchase price recorded was RMB 5.83 per share, while the lowest was RMB 4.78 per share [3] - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [4]

证券日报网讯9月16日晚间，华发股份（600325）发布公告称，截至2025年9月12日，公司通过上海证券 交易所交易系统以集中竞价交易方式累计回购公司股份2，782万股，占公司目前总股本的比例为 1.01%。 ...

Group 1 - The company Huafa Co., Ltd. (600325.SH) announced a share buyback program, having repurchased a total of 27.82 million shares as of September 12, 2025, which represents 1.01% of its total share capital [1] - The highest price at which the shares were repurchased was 5.83 CNY per share, while the lowest price was 4.78 CNY per share [1] - The total amount spent on the share buyback was approximately 141.66 million CNY, excluding stamp duty and transaction commissions [1]

证券代码：600325 证券简称：华发股份 公告编号：2025-080 珠海华发实业股份有限公司 因公司实施 2025 年半年度权益分派，本次回购股份价格上限自 2025 年 9 月 11 日起，由不超过人民币 9.73 元/股（含）调整为不超过人民币 9.71 元/股（含）。 具体情况详见公司于2025年9月5日披露的《珠海华发实业股份有限公司关于2025 年半年度权益分派实施后调整回购股份价格上限的公告》（公告编号：2025-079）。 暨回购进展公告 本公司董事局及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内 容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/10/30 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 2024 29 10 | 10 | 月 | 日~2025 | 年 | 月 | 28 | 日 | | 预计回购金额 | 30,000万元~60,000万元 | | | | | | | | | ...

Core Viewpoint - The company Huafa Co., Ltd. has repurchased a total of 27.82 million shares, representing 1.01% of its total share capital, with a total repurchase amount of 142 million yuan [1] Summary by Category - **Share Repurchase** - The company has completed the repurchase of 27.82 million shares [1] - This repurchase accounts for 1.01% of the company's total share capital [1] - The total amount spent on the repurchase is 142 million yuan [1]

Core Viewpoint - Huafa Co., Ltd. has repurchased a total of 27.82 million shares, accounting for 1.01% of its total share capital, with a total repurchase amount of 142 million yuan [1] Summary by Category - **Share Repurchase** - The company has repurchased 27.82 million shares [1] - This represents 1.01% of the total share capital [1] - The total amount spent on the repurchase is 142 million yuan [1]

Group 1 - The company Huafa Co., Ltd. (600325.SH) announced a share buyback program, having repurchased a total of 27.82 million shares as of September 12, 2025, which represents 1.01% of its total share capital [1] - The highest price at which the shares were repurchased was 5.83 CNY per share, while the lowest price was 4.78 CNY per share [1] - The total amount spent on the share buyback was approximately 141.66 million CNY, excluding stamp duty and transaction commissions [1]

Investment Rating - The report maintains a "Positive" rating for the real estate sector [2][3][34] Core Viewpoints - The investment side remains weak, with a year-on-year decline of 12.9% in investment from January to August 2025, and a more significant drop of 19.5% in August alone [1][20] - The sales side is also experiencing a downturn, with a cumulative sales area decrease of 4.7% year-on-year from January to August 2025, and a sharper decline of 10.6% in August [21][34] - Funding sources are showing a narrowing decline, with total funding sources down 8.0% year-on-year from January to August 2025, but domestic loans have turned positive [35] Investment Analysis Summary Investment Side - From January to August 2025, total real estate development investment reached 603.09 billion yuan, down 12.9% year-on-year, with August alone seeing a 19.5% decline [3][20] - New construction area decreased by 19.5% year-on-year, while the completion area fell by 17.0% [20][21] - The report predicts a continued weak investment environment, with forecasts of a 11.0% decline in investment, 15.1% in new construction, and 20.0% in completions for 2025 [20] Sales Side - Cumulative sales area from January to August 2025 was 570 million square meters, down 4.7% year-on-year, with a 10.6% drop in August [21][34] - The total sales amount for the same period was 5.5 trillion yuan, reflecting a 7.3% decrease year-on-year, with August sales amounting to 544.9 billion yuan, down 14.0% [21][34] - The average selling price of commercial housing decreased by 2.6% year-on-year, with a slight increase in August compared to July [33][34] Funding Side - Total funding sources for real estate development enterprises amounted to 6.4 trillion yuan from January to August 2025, down 8.0% year-on-year [35] - Domestic loans showed a year-on-year increase of 0.2%, with August seeing a 1.1% rise [35] - The report indicates that while funding remains slightly tight, it is expected to improve gradually due to recent policy relaxations [35]