"祥源系"违约事件持续发酵，旗下3家上市公司股价继续狂泻。 12月9日，祥源文旅（600576.SH）再跌7.51%，海昌海洋公园（02255.HK）跌12%，交建股份 （603815.SH）再次跌停。其中，交建股份9日晚间发布公告称，连续3个交易日内收盘价格跌幅偏离值 累计超过20%，股票交易异常波动。 在3家上市公司披露"祥源系"产品逾期兑付之后，随着股价的大跌，市值也大幅缩水，2个交易日3家公 司市值蒸发32亿元。 根据多位投资者提供给第一财经的产品说明书，"祥源系"产品的增信人为祥源控股集团有限责任公司 （下称"祥源控股"）、俞发祥。"祥源系方面也在筹钱，也在想办法兑付。"有投资者称。 筹钱，能筹到多少钱？从上市公司的角度来看，祥源控股、俞发祥的"家底"如何？仅以直接持有交建股 份的情况来看，若祥源控股、俞发祥三季度末以来的持股未发生变化，按照交建股份9日的股价计算， 尚未质押的直接持股市值合计约5.96亿。 2个交易日缩水约32亿 "祥源系"的爆雷传闻始于11月底。据第一财经记者了解，有些投资者在11月28日便发现部分未到期的产 品未能正常付息，也有投资者是在逾期兑付几天之后发现产品爆雷，在12月4 ...

Core Viewpoint - TCL has expanded its business beyond traditional home appliances into smart terminals and new energy sectors under the leadership of Li Dongsheng, with mixed financial results from its four listed companies in 2024 [1][3]. Group 1: Financial Performance of TCL Companies - TCL Technology reported a revenue of approximately 164.82 billion yuan in 2024, a decrease of 5.47% year-on-year, with a net profit of about 1.564 billion yuan, down 29.38% [3]. - The semiconductor display business of TCL Technology achieved a record revenue of 104.3 billion yuan in 2024, growing by 25% year-on-year, and a net profit of 6.23 billion yuan, an increase of 62.4% [3][5]. - TCL Zhonghuan, a subsidiary of TCL Technology, faced significant challenges, with a revenue of approximately 28.419 billion yuan in 2024, down 51.95%, and a net loss of about 9.818 billion yuan [4]. Group 2: Performance of Other TCL Subsidiaries - Tianjin Printers achieved a revenue of approximately 1.128 billion yuan in 2024, a year-on-year increase of 74.57%, with a net profit of about 33.8644 million yuan, up 28.16% [7]. - TCL Smart Home reported a revenue of approximately 18.361 billion yuan in 2024, a growth of 20.96%, and a net profit of about 1.019 billion yuan, an increase of 29.58% [7][8]. Group 3: Market Capitalization Trends - The total market capitalization of the four TCL companies was approximately 124.297 billion yuan, with TCL Technology leading at nearly 78 billion yuan [9]. - In 2025, the total market capitalization of these companies experienced a decline, with TCL Smart Home seeing the largest drop of over 20% [9].