格隆汇1月4日丨祥源文旅（维权）(600576.SH)公布，截至2025年12月31日，公司已累计回购股份687.47 万股，占公司当前总股本的0.65%，成交的最低价为5.609元/股，最高价为7.486元/股，已支付的金额为 人民币4620.71万元（含佣金等交易费用）。 ...

关于股份回购进展公告 证券代码：600576 证券简称：祥源文旅 公告编号：临 2026-001 浙江祥源文旅股份有限公司 本公司董事会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 | 2025/11/18 | | | | | | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 11 月 18 月 | 日~2026 | 年 | 5 | 15 日 | | 预计回购金额 | 8,000万元~12,000万元 | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 687.47万股 | | | | | | 累计已回购股数占总股本比例 | 0.65% | | | | | | 累计已回购金额 | 4,620.71万元 | | | | | | 实际回购价格区间 | 5.609元/股~7.486元/股 ...

Core Viewpoint - The tourism and scenic area sector experienced a decline of 1.24% on December 29, with Caesar Travel leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] - Key stocks in the tourism sector showed varied performance, with *ST Zhang Guo rising by 4.95% to 7.21, while Caesar Travel fell by 3.97% to 7.26 [2] Group 2: Trading Volume and Capital Flow - The tourism and scenic area sector saw a net outflow of 277 million yuan from main funds, while retail investors contributed a net inflow of 271 million yuan [2] - The trading volume for Caesar Travel was 2.1712 million shares, with a transaction value of 1.612 billion yuan [2] Group 3: Individual Stock Analysis - Three Gorges Tourism had a main fund net inflow of 25.6356 million yuan, while retail investors had a net outflow of 29.9291 million yuan [3] - Guilin Tourism saw a main fund net inflow of 10.8122 million yuan, but a retail net outflow of 20.0009 million yuan [3]

Core Viewpoint - The tourism and scenic spots sector experienced a slight increase of 0.54% on December 26, with Xiangyuan Cultural Tourism leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3963.68, up 0.1% [1] - The Shenzhen Component Index closed at 13603.89, up 0.54% [1] - Xiangyuan Cultural Tourism (600576) saw a significant rise of 10.00%, closing at 6.60 [1] - Other notable performers included Caesar Travel (000796) with a 2.86% increase and Changzi Mountain (6605099) with a 2.04% increase [1] Group 2: Stock Performance Summary - The table lists various stocks in the tourism sector, showing their closing prices, percentage changes, trading volumes, and transaction amounts [1] - The highest trading volume was recorded for Caesar Travel at 283.24 million shares, with a transaction amount of 2.14 billion [1] - The lowest performing stock was Three Gorges Tourism (002627), which decreased by 1.21% [2] Group 3: Capital Flow Analysis - The tourism sector saw a net outflow of 185 million from main funds, while retail investors contributed a net inflow of 216 million [2] - The capital flow table indicates that Xiangyuan Cultural Tourism had a net inflow of 93.18 million from main funds, despite a net outflow from retail investors [3] - Other stocks like Changzi Mountain and Huangshan Tourism also experienced varying degrees of net inflow and outflow from different investor categories [3]

Core Viewpoint - The financial crisis surrounding the "Xiangyuan system" continues to escalate, with the actual controller Yu Faxiang facing criminal charges, negatively impacting the stock prices of Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park [2][11]. Stock Price Movements - On December 22, the three companies announced that Yu Faxiang was taken into criminal custody, leading to significant stock declines on December 23: Xiangyuan Cultural Tourism down 2.80%, Jiaojian down 4.89%, and Haichang down 7.29% [12]. - In December, the stock prices of the three companies experienced substantial declines: Haichang down 35.71%, Xiangyuan Cultural Tourism down 19.89%, and Jiaojian down 37.09% [4][12]. - On December 24, there was a slight recovery in stock prices, with Xiangyuan Cultural Tourism closing at 5.92 yuan (up 0.17%), Jiaojian at 7.65 yuan (up 0.92%), and Haichang at 0.450 HKD (up 1.12%) [4][13]. Financial Product Defaults - Since November 28, multiple financial products guaranteed by Xiangyuan Holdings and Yu Faxiang have faced payment defaults, involving over 200 products and a total outstanding amount exceeding 200 billion yuan, affecting nearly 10,000 investors [3][12]. - The underlying assets of the defaulted financial products are primarily accounts receivable from real estate and cultural tourism projects within the Xiangyuan Holdings system [14]. Ongoing Investigations and Risks - A support team was established by the Shaoxing government on December 12 to assist Xiangyuan Holdings, indicating a direct link between the financial product defaults and Yu Faxiang's criminal charges [14]. - Legal experts suggest that Yu Faxiang's legal responsibilities are closely tied to the payment crisis, as he is both the chairman of Xiangyuan Holdings and responsible for the payment obligations of the financial products [14]. Project Status and Concerns - Several projects under the Xiangyuan system have been reported as halted or under construction, raising concerns about the company's operational stability [15]. - Past issues of non-disclosure regarding non-operational fund usage have increased investor anxiety, with Xiangyuan Cultural Tourism previously fined for failing to disclose 410 million yuan in such funds [17]. Risk Assessment - The core risks facing the three listed companies include the implications of the actual controller's legal issues, potential stock freezes, price volatility, and investor rights protection [18].

Core Viewpoint - The chairman and CEO of Haichang Ocean Park, Yu Faxiang, is under criminal investigation, but the company asserts that its operations remain unaffected and control has not changed [2][7]. Group 1: Company Announcement - Haichang Ocean Park announced that it has not received any requests for assistance in the investigation and that its board and senior management are functioning normally [2]. - Yu Faxiang will delegate his responsibilities to Ouyang Ming until further notice [2]. Group 2: Financial Issues - Financial products linked to Xiangyuan Holdings and Yu Faxiang have overdue payments exceeding 10 billion yuan, affecting nearly 10,000 investors [5]. - Xiangyuan Wenlv reported that Yu Faxiang and related parties have had 612 million shares frozen, representing 58.08% of the company's total shares [6]. - Haichang Ocean Park has faced continuous losses, with a total loss of 2.34 billion yuan from 2022 to 2024 and a loss of 296 million yuan in the first half of 2025 [9][10]. Group 3: Strategic Developments - Xiangyuan Holdings invested 2.295 billion HKD in Haichang Ocean Park, becoming its controlling shareholder to enhance resource integration [8]. - The company is working on expanding flagship projects in Shanghai and Zhengzhou, and has several large reserve projects in negotiation [10].

Core Viewpoint - The financial turmoil surrounding the "Xiangyuan system" continues, with the actual controller Yu Faxiang facing criminal charges, negatively impacting the stock prices of Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park. Despite a slight recovery in stock prices on December 24, the core risks remain unresolved [2][3][4]. Group 1: Stock Price Movements - On December 22, the three companies announced that Yu Faxiang was taken into criminal custody, leading to significant stock declines: Xiangyuan Cultural Tourism down 2.80%, Jiaojian Co. down 4.89%, and Haichang Ocean Park down 7.29% on December 23 [3]. - In December, the stock prices of Haichang Ocean Park, Xiangyuan Cultural Tourism, and Jiaojian Co. fell by 35.71%, 19.89%, and 37.09%, respectively [4]. - On December 24, there was a slight recovery in stock prices, with Xiangyuan Cultural Tourism closing at 5.92 yuan (up 0.17%), Jiaojian Co. at 7.65 yuan (up 0.92%), and Haichang Ocean Park at 0.450 HKD (up 1.12%) [4]. Group 2: Financial Product Defaults - Since November 28, multiple financial products guaranteed by Xiangyuan Holdings and Yu Faxiang have faced payment defaults, with over 200 products involved and a total outstanding amount exceeding 200 billion yuan [3][5]. - The financial products are primarily backed by receivables from real estate and cultural tourism projects within the Xiangyuan Holdings system, with guarantees provided by Yu Faxiang [5]. Group 3: Legal and Operational Implications - The involvement of Yu Faxiang in criminal activities is closely linked to the payment defaults of financial products, as he holds significant legal responsibility [5][6]. - There are ongoing concerns regarding the operational status of various projects under the Xiangyuan system, with reports of halted or delayed construction [6]. - The companies have stated that their operations are not affected by the ongoing investigations, and they have not received any notifications regarding cooperation in investigations [7][8]. Group 4: Investor Sentiment and Future Risks - Investor sentiment remains cautious, with concerns about potential fund misappropriation and the overall financial health of the companies [8]. - The companies have previously faced penalties for failing to disclose non-operational fund misappropriation, which has heightened investor anxiety [8]. - The core risks for the companies include the impact of Yu Faxiang's legal issues, potential asset freezes, stock price volatility, and investor rights protection [7][8].

证券日报网讯 12月24日，祥源文旅在互动平台回答投资者提问时表示，公司回购正常进行中并依法履 行信息披露义务，回购进展请以公司相关公告为准。 （文章来源：证券日报） ...

证券日报网讯 12月24日，祥源文旅（600576）在互动平台回答投资者提问时表示，公司自查不存在控 股股东占用公司资金情况。 ...

Group 1 - The core point of the news is that Xiangyuan Cultural Tourism has significant shareholding issues, with major shareholders having their shares frozen, impacting the company's overall capital structure [1] - As of the announcement date, shareholder Xiangyuan Travel has approximately 394 million shares frozen, accounting for 100% of its holdings and 37.38% of the company's total share capital [1] - Shareholder Anhui Xiangyuan has about 217 million shares frozen, also representing 100% of its holdings and 20.56% of the total share capital [1] - Shareholder Yu Faxiang has around 1.44 million shares frozen, which is 100% of his holdings and 0.14% of the total share capital [1] Group 2 - For the year 2024, the revenue composition of Xiangyuan Cultural Tourism is as follows: tourism scenic area business accounts for 63.03%, smart cultural tourism project integration and digital operation services account for 12.43%, tea sales account for 8.36%, animation and related businesses account for 7.07%, and hotel services account for 6.6% [1] - The current market capitalization of Xiangyuan Cultural Tourism is 6.2 billion yuan [2]