山海联动，肇庆 土特产"出圈"更 出彩_南方+_南 方plus 山海好物共兴， 区域协同出彩！ 12月12日晚， 2025年大湾区— 大西南土特产博 览会·山海嘉年 华在肇庆七星岩 东门广场开幕。 来自粤港澳大湾 区、大西南及对 口协作地区的千 余种山货海味， 以及多元非遗文 创集中亮相，从 午后到夜晚，山 海巡游、青春舞 台、梦幻鱼灯、 沉浸剧场轮番登 场，活力全开， 全方位满足市民 游客的"舌尖期 待"与"购物需 求" 。 土特产是地域文 化的鲜活载体， 也是推动县域经 济出圈出彩的重 要力量。发挥肇 庆作为粤港澳大 湾区面向大西南 门户枢纽的作 用，此次博览会 精准把握了区域 互补优势，让大 湾区的鲜活海产 与大西南的深山 珍味同台亮相， 让东西部协作成 果在一道道美味 里得到集中展 示。从德庆贡柑 到肇供大米，从 岭南佳果的清甜 多汁到非遗手作 的匠心独运，千 款风物背后，是 绿水青山的生态 馈赠，是千万农 户的生计所系， 更是"一县一 业"产业布局的 实践代表。 产业升级是土特 产"出圈"的核心 密码。传统土特 产常面临产业链 短、附加值低的 困境，而此次博 览会给出了破局 之法。活动中， 我们看到 ...

Core Insights - Xiangyuan Holdings Group has completed the acquisition of Haichang Ocean Park for HKD 22.84 billion (approximately RMB 20.97 billion), making it the controlling shareholder with a 38.6% stake [1][3] - The management team of Haichang Ocean Park has undergone significant changes, with the founder Qu Naijie resigning from key positions and new executives from Xiangyuan taking over [1][2] Financial Details - Xiangyuan Holdings subscribed to 5.1 billion new shares at HKD 0.45 per share, totaling HKD 22.95 billion, which represents 62.85% of Haichang's existing share capital and 38.6% post-issuance [3] - The funds will be allocated as follows: HKD 4.568 billion for daily operations, HKD 9.136 billion for core business development, and HKD 9.136 billion for debt repayment [3] Debt Situation - Haichang Ocean Park's current liabilities were approximately RMB 29.53 billion by the end of last year, increasing to nearly RMB 31.93 billion by mid-year [4][5] - The company's debt issues stem from aggressive expansion since its IPO in 2014, leading to significant financial strain exacerbated by the COVID-19 pandemic [6][7] Historical Context - The company has faced continuous losses, with cumulative losses reaching RMB 23.33 billion over three years, including a loss of RMB 7.4 billion projected for 2024 [7] - Haichang's financial troubles prompted the sale of several parks to alleviate immediate cash flow issues, but this was only a temporary fix [7] Market Position and Future Outlook - The acquisition signifies a new era for Haichang Ocean Park, with Xiangyuan aiming to integrate its operations into a broader tourism strategy [10] - Analysts suggest that the success of this acquisition will depend on the operational integration of both companies and the ability to navigate the competitive landscape of the theme park industry [10]

Core Insights - The tourism sector in Changjiang Li Autonomous County experienced significant growth during the National Day and Mid-Autumn Festival holidays, with a total of 137,000 visitors, representing a year-on-year increase of 15.6% [1] - Total tourism expenditure reached 64.85 million yuan, marking a year-on-year growth of 22.6% [1] Group 1: Visitor Statistics - Day visitors accounted for 79,000, showing an 18.1% increase compared to the previous year [1] - Day visitor spending was 21.82 million yuan, up 18.6% year-on-year [1] - Overnight visitors numbered 58,000, reflecting a 12.2% increase from last year [2] Group 2: Economic Impact - Overnight visitor spending reached 43.03 million yuan, with a notable year-on-year increase of 24.8%, the highest growth rate in recent years [2] - The occupancy rate of commercial accommodation units in the county was 68.52%, an increase of 4.45 percentage points year-on-year [2] - More than half of the tourism hotels achieved an occupancy rate exceeding 80% [2] Group 3: Tourism Activities - Eight major cultural and sports tourism activities and six themed tourism routes were launched to enhance visitor experience [1] - Events such as the sunset music festival and youth dance competition showcased the unique cultural charm of the region and contributed to the development of the night economy [2]

Core Viewpoint - Xiangyuan Holdings Group is making a strategic investment of HKD 2.295 billion in Haichang Ocean Park, potentially becoming its controlling shareholder, which aims to create a comprehensive tourism ecosystem combining mountain and ocean resources [1][2]. Group 1: Company Overview - Xiangyuan Holdings Group has been involved in the cultural tourism industry since 2008, with over 40 projects across 14 provinces in China, including 6 World Heritage sites and 10 national 5A scenic spots [1]. - Xiangyuan's A-share listed company, Xiangyuan Cultural Tourism, reported a revenue of CNY 212 million in Q1 2025, a year-on-year increase of 55.22%, and a net profit of CNY 31.19 million, up 158.67% [1]. Group 2: Haichang Ocean Park - Haichang Ocean Park is the first theme park operator listed on the Hong Kong Stock Exchange, focusing on marine culture and has received over 300 million visitors [2]. - The park has established comprehensive theme tourism projects in major cities and has introduced international IPs like Ultraman and One Piece to enhance its offerings [2]. Group 3: Strategic Implications - The investment will expand Xiangyuan's presence into Liaoning, Henan, and Chongqing, completing its industrial layout across 17 provinces, enhancing resource and customer synergy [3]. - The collaboration will leverage both companies' existing international projects and IPs, accelerating Xiangyuan's international strategy towards a goal of 50 domestic and 50 international tourism destinations [3]. Group 4: IP Integration and Collaboration - Xiangyuan owns several well-known IPs, while Haichang has rich marine life IP resources, creating opportunities for synergistic collaboration in IP integration [3]. - Future projects may focus on family-oriented and educational experiences, utilizing technology to enhance storytelling in their offerings [3]. Group 5: Operational Efficiency - The partnership is expected to reduce capital expenditure and improve operational efficiency for both companies, with Xiangyuan benefiting from Haichang's asset-light management experience [4]. - The collaboration aims to create new growth opportunities in a competitive market through resource, IP, and operational synergies [4].