涉案200亿！浙系富豪被刑拘，三家上市公司同时“炸雷”

Core Viewpoint - The Zhejiang tycoon Yu Faxiang and his business empire are facing an unprecedented crisis due to his criminal investigation and the freezing of shares in multiple listed companies, including Xiangyuan Cultural Tourism and Jiaojian Co., which has raised significant concerns in the market [2][5][9]. Group 1: Company Situation - Yu Faxiang's family has notified that he has been subjected to criminal coercive measures by the public security bureau in his hometown of Shaoxing, Zhejiang [2]. - Xiangyuan Cultural Tourism's controlling shareholder has nearly all shares frozen, with a total of 58.08% of the company's shares being judicially frozen [5][6]. - Jiaojian Co. is also in a dire situation, with 44.32% of its shares held by the controlling shareholder being fully frozen, and Yu Faxiang's personal holdings of 15.73 million shares also completely frozen [7][8]. Group 2: Financial Crisis - The immediate trigger for Yu Faxiang's coercive measures appears to be a liquidity crisis stemming from a financial product repayment crisis that began in late November, involving over 200 financial products with a total scale potentially reaching 20 billion yuan [9][11]. - The involved products, which were marketed as low-risk with expected annual returns of 4%-5%, were backed by distressed real estate projects, leading to significant investor losses [11][12]. - Yu Faxiang's company has approximately 60 billion yuan in total assets but faces 40 billion yuan in total liabilities, with 30 billion yuan in unsold property, exacerbating the liquidity crisis [11][12]. Group 3: Company Performance - Prior to the crisis, Xiangyuan Cultural Tourism reported a 35% increase in revenue to 844 million yuan and a 42% increase in net profit to 156 million yuan for the first three quarters [14]. - Jiaojian Co. also showed a 36.4% increase in net profit to 137 million yuan, although it faced negative cash flow of -295 million yuan during the same period [14][15]. - In contrast, Haichang Ocean Park reported a 14.2% decline in revenue to 686 million yuan for the first half of 2025, with a significant loss of 295 million yuan [16].