Core Viewpoint - The "Xiangyuan System" financial product overdue incident has led to urgent responses from three listed companies under its umbrella, aiming to clarify their non-involvement in the overdue payments and protect investor interests [2][3][5]. Group 1: Company Responses - Xiangyuan Cultural Tourism announced that media reports regarding overdue payments related to financial products guaranteed by its indirect controlling shareholder, Xiangyuan Holdings, have raised investor concerns [2][5]. - The company confirmed that the overdue financial products are unrelated to Xiangyuan Cultural Tourism and its subsidiaries, and it does not bear any repayment or guarantee obligations [3][5]. - The management assured that the company's operations are normal and committed to maintaining independence from its controlling shareholder in various aspects [3][5][12]. Group 2: Related Companies - Two other listed companies under Xiangyuan Holdings, namely Jiaojian Co. and Haichang Ocean Park, issued similar announcements to clarify their non-involvement in the overdue financial products [8][10][11]. - All three companies emphasized that the overdue financial products are linked to a real estate cooperation project involving Xiangyuan Holdings and are not associated with their operations [10][11][12]. Group 3: Financial Product Context - The overdue incident pertains to financial products issued on the Zhejiang Financial Asset Trading Center platform, which have failed to pay back principal and interest to investors as expected [13][15]. - The Zhejiang Financial Asset Trading Center's financial asset trading business qualification was revoked in October 2024, which may impact the handling of existing financial obligations [16].

Core Viewpoint - Xiangyuan Cultural Tourism (600576.SH) announced that its actual controller is responsible for the joint guarantee of financial products that have experienced partial overdue payments, which has attracted investor attention. The company clarified that it is not liable for any repayment or guarantee obligations related to these financial products [1][4]. Group 1 - The financial products in question are related to a real estate cooperation project with Xiangyuan Holdings and have experienced partial overdue payments. Xiangyuan Holdings and the actual controller are currently communicating with relevant parties regarding the specific situation of the overdue payments [1][3]. - The financial products involved do not relate to Xiangyuan Cultural Tourism or its subsidiaries, and the company does not bear any repayment or guarantee obligations. It has not provided any guarantees or enhancements for any financial investment products [1][4]. - The company's production and operations are currently normal, and the management has committed to ensuring independence from the controlling shareholder in various aspects, including assets, personnel, finance, and business [1][4]. Group 2 - As of December 7, the stock price of Xiangyuan Cultural Tourism closed down over 5% at 6.63 yuan per share, with a market capitalization of 7 billion yuan [5].

Core Viewpoint - Recently, Xiangyuan Holding Group's financial asset income rights products failed to redeem upon maturity, leading to rumors of "default" and "explosion" [1][2] Group 1: Company Overview - Xiangyuan Holding Group, founded in 1992 and based in Shaoxing, Zhejiang Province, primarily focuses on investment and operation in the cultural tourism industry [1] - The group is the controlling shareholder of listed companies Xiangyuan Cultural Tourism (600576.SH), Haichang Ocean Park (02255.HK), and Jiaojian Co., Ltd. (603815.SH) [1] Group 2: Default Situation - Several financial products issued by Xiangyuan Holding Group have not been redeemed, with approximately 2-3 products currently overdue [1] - The overdue products are linked to real estate projects previously managed by Xiangyuan Holding Group, with a total overdue balance exceeding 37 million yuan from at least ten companies listed on the Shanghai Bill Exchange [2] - Investors reported that the products had an expected yield of about 4%-5% [2] Group 3: Company Response - In response to the default rumors, Xiangyuan Cultural Tourism and Jiaojian Co., Ltd. issued announcements clarifying that the overdue financial products are unrelated to the listed companies and that they do not bear any guarantee responsibilities [1] - The announcements also stated that the actual controller of the companies is in communication with relevant parties regarding the overdue payments [1] Group 4: Regulatory Context - Zhejiang Financial Management Bureau announced the cancellation of the financial asset trading business qualifications of Zhejiang Jin Center, which was involved in the trading of the overdue products [2] - Following this announcement, no new products have been released on the Zhejiang Jin Center App, although existing products can still be transferred and purchased [2]

Group 1 - Heng Rui Pharmaceutical has 9 drugs included in the national medical insurance directory for the first time, with an estimated total sales of approximately 8.66 billion yuan for 2024 and 7.55 billion yuan for the first three quarters of 2025 [5] - Junshi Biosciences' products Tuoyi® and Junshida® have been added to the national medical insurance directory, enhancing patient affordability and market promotion [6] - Huadong Medicine's subsidiary has products included in the national medical insurance and commercial insurance innovative drug directories, expected to aid in market promotion [7] Group 2 - Aidi Pharmaceutical's two innovative HIV drugs have successfully renewed their inclusion in the national medical insurance directory, with specific reimbursement prices set [8] - Fuxing Pharmaceutical has multiple products newly included in the national medical insurance directory, which is anticipated to positively impact future performance [9] - Weichuang Biotechnology's product has been included in the national medical insurance directory, which is expected to enhance market promotion and sales [10] Group 3 - Muxi Co., Ltd. announced a final online issuance rate of 0.03348913% after the mechanism was activated, with a total of 22.83 million shares issued [2] - Doushan New Materials reached a consensus on production reduction in the BOPET industry, although the sustainability of long-term price increases remains uncertain [2] - Guanglian Aviation's controlling shareholder has had the detention lifted, allowing normal operations to resume [3] Group 4 - Jiangjian Co., Ltd. clarified that it bears no obligations for any overdue financial products related to its controlling shareholder, confirming normal operations [4] - Tian Ci Materials' controlling shareholder has committed not to reduce holdings, holding 34.35% of the shares [13] - Annie Co., Ltd. is planning a change in control, with stock resuming trading on December 8 [14]

Core Viewpoint - Xiangyuan Cultural Tourism (SH600576) announced that its actual controller is responsible for the joint guarantee of financial products that have experienced partial overdue payments, which has attracted investor attention. The company clarified that it is not liable for any repayment or guarantee obligations related to these financial products [1][2]. Group 1: Company Clarification - The overdue financial products are related to real estate projects in cooperation with Xiangyuan Holdings, and the actual controller is in communication with relevant parties regarding the overdue situation [1]. - Xiangyuan Cultural Tourism is not involved in the overdue financial products and has not provided any guarantees or enhancements for any financial investment products [1]. - The company's operations are currently normal, and management has committed to ensuring independence from the controlling shareholder in various aspects [1]. Group 2: Background Information - Xiangyuan Holdings, founded in 1992 and based in Shaoxing, Zhejiang, is a leading enterprise in the cultural tourism industry, with over 50 cultural tourism projects across 17 provinces and cities in China [2]. - The company has three main business segments: cultural tourism, infrastructure, and real estate, with its real estate segment being among the top ten in China [2]. - As of December 6, reports indicated that some financial asset income products issued by Xiangyuan Holdings had not been repaid [2][3]. Group 3: Financial Context - The overdue products consist of approximately 2 to 3 types, with investor returns on these products ranging from 4% to 5%, while the company's financing costs are around 8% to 9% [3]. - The Zhejiang Financial Asset Trading Center, where these financial products were traded, had its financial asset trading business qualifications revoked as of October 2024, which may impact the resolution of these overdue payments [4][6].

Group 1 - The core issue revolves around the overdue financial products linked to Zhejiang Financial Asset Trading Center (浙金中心), which has raised concerns among investors [1][3]. - The listed company, Jiaojian Co., confirmed that its controlling shareholder, Xiangyuan Holdings, is responsible for the overdue payments of certain financial products, but emphasized that Jiaojian Co. itself is not liable for any repayment or guarantees related to these products [2][3]. - The overdue financial products were marketed on the Zhejiang Financial Asset Trading Center platform, which promised returns of approximately 4% to 5%, attracting investors seeking stable financial management [5][8]. Group 2 - The Zhejiang Financial Asset Trading Center's financial asset trading business qualification was revoked by the Zhejiang Provincial Local Financial Management Bureau, effective October 2024, indicating a significant regulatory change in the financial asset trading landscape [8][9]. - Despite the revocation of its trading qualifications, the Zhejiang Financial Asset Trading Center is still required to fulfill its legal obligations and manage existing business responsibilities [8].

Core Viewpoint - The article discusses the overdue payment crisis related to financial products issued by Zhejiang Financial Asset Trading Center (浙金中心), particularly involving the controlling shareholder of Jiaojian Co., Ltd. (交建股份) and its actual controller [2][4][6]. Group 1: Company Response - Jiaojian Co., Ltd. announced that it has verified the media reports regarding overdue financial products linked to its controlling shareholder, Xiangyuan Holdings (祥源控股), and the actual controller's joint guarantee responsibility [4]. - The company clarified that the overdue financial products are unrelated to Jiaojian Co., Ltd. or its subsidiaries, and the company does not bear any repayment or guarantee obligations for these products [4][11]. - The management of Jiaojian Co., Ltd. assured that all operations are normal and committed to maintaining independence from its controlling shareholder in various aspects [4]. Group 2: Background of the Crisis - The overdue payment issue is specifically tied to the financial products sold on the Zhejiang Financial Asset Trading Center platform, which were backed by Xiangyuan Holdings [6][11]. - Investors had purchased certain "income rights products" through the Zhejiang Financial Asset Trading Center, expecting returns of approximately 4% to 5% [11]. - A batch of financial products guaranteed by Xiangyuan Holdings failed to repay principal and interest to investors after maturing at the end of November 2025 [11]. Group 3: Regulatory Changes - On October 31, 2024, the Zhejiang Provincial Local Financial Administration announced the cancellation of the financial asset trading business qualifications of the Zhejiang Financial Asset Trading Center [12]. - The cancellation does not affect the company's legal responsibilities and obligations regarding existing business and repayment commitments [12].

北京商报讯（记者 马换换 王蔓蕾）12月7日晚间，交建股份（603815）披露公告称，近日，网上出现有 关公司控股股东祥源控股集团有限责任公司（以下简称"祥源控股"）、公司实际控制人承担连带保证责 任的金融产品出现部分逾期兑付的媒体报道并引发投资者关注。公司就相关事项向祥源控股及公司实际 控制人进行了核实并进行自查。 公告显示，本次事件涉及的金融产品与交建股份及其参、控股子公司均无关，交建股份不承担任何兑付 及担保义务，公司亦未为任何金融理财产品的兑付提供担保或增信，公司目前生产经营一切正常。 交建股份表示，在某平台发行的涉及与祥源控股地产合作项目的金融产品存在部分逾期兑付情形，祥源 控股、公司实际控制人就上述兑付义务承担连带保证责任。祥源控股及公司实际控制人正与相关方就逾 期兑付的具体情况进行沟通处理。 ...

证券代码：603815 证券简称：交建股份 公告编号：2025-066 安徽省交通建设股份有限公司 关于有关事项的说明公告 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。 1 1、在某平台发行的涉及与祥源控股地产合作项目的金融产品存在部分逾期 兑付情形，祥源控股、公司实际控制人就上述兑付义务承担连带保证责任。祥源 控股及公司实际控制人正与相关方就逾期兑付的具体情况进行沟通处理。 2、本次事件涉及的金融产品与交建股份及其参、控股子公司均无关，交建 股份不承担任何兑付及担保义务，公司亦未为任何金融理财产品的兑付提供担保 或增信。 3、公司目前生产经营一切正常。公司管理层承诺遵照《上市公司治理准则》， 确保与控股股东、实际控制人在资产、人员、财务、机构及业务等方面的独立。 公司指定的信息披露媒体为《中国证券报》《上海证券报》《证券时报》《证 券日报》及上海证券交易所网站（www.sse.com.cn）。公司发布的信息以在上述 指定报刊和网站刊登的公告为准。敬请广大投资者理性投资，注意风险。 特此公告。 安徽省交通建设股份有限公司董事 ...

Core Viewpoint - The company, Jiangjian Co., Ltd. (交建股份), clarifies that recent media reports regarding overdue payments on financial products linked to its controlling shareholder, Xiangyuan Holdings Group Co., Ltd. (祥源控股), do not involve the company itself and that it bears no responsibility for any guarantees or payments related to these products [1] Group 1 - The media reports indicate that some financial products associated with real estate projects of Xiangyuan Holdings have experienced overdue payments [1] - Xiangyuan Holdings and the actual controller of the company are currently in communication with relevant parties regarding the specifics of the overdue payments [1] - The financial products in question are unrelated to Jiangjian Co., Ltd. and its subsidiaries, and the company confirms that its operations remain normal [1]