Core Viewpoint - The stock price of Ocean Park Corporation (02255) has dropped by 8%, reaching a new low of HKD 0.45, amid concerns related to the "Xiangyuan system" financial products that have not been redeemed [1] Financial Performance - In the first half of the year, Ocean Park reported revenue of RMB 686 million, a year-on-year decrease of 14.19% [1] - The company recorded a loss attributable to shareholders of RMB 295 million, which represents a year-on-year increase of 250.41% [1] - Over the past five years, Ocean Park has experienced annual net profit losses, except for 2021 [1] - The net profit loss is expected to exceed RMB 700 million in 2024, indicating a significant deterioration in financial performance [1] Corporate Developments - On December 7, Ocean Park announced that the financial products involved in the recent redemption issue are unrelated to the company, and it does not bear any redemption or guarantee obligations [1] - The company confirmed that its operations are currently normal [1] - On October 17, Ocean Park announced the completion of a share subscription agreement with Xiangyuan Holdings Group, which injected HKD 2.295 billion and made Xiangyuan the controlling shareholder [1]

Core Viewpoint - The stock price of Ocean Park Corporation (02255) has dropped by 8%, reaching a new low of 0.45 HKD, amid concerns related to the "Xiangyuan system" financial products that have not been redeemed [1] Financial Performance - In the first half of the year, Ocean Park Corporation reported revenue of 686 million RMB, a year-on-year decrease of 14.19% [1] - The company recorded a loss attributable to shareholders of 295 million RMB, which represents a year-on-year increase of 250.41% [1] - Over the past five years, the company has experienced net profit losses each year, except for 2021, with a significant loss of over 700 million RMB projected for 2024 [1] Corporate Actions - On December 7, Ocean Park Corporation announced that the financial products related to the recent redemption issue are not associated with the company, and it does not bear any redemption or guarantee obligations [1] - The company confirmed that its operations are currently normal [1] - On October 17, the company announced the completion of a share subscription with Xiangyuan Holdings Group, which invested 2.295 billion HKD, making it the controlling shareholder [1]

Core Insights - Haichang Ocean Park has launched the "See Sanya" immersive night tour project in collaboration with Sanya Manpu Cultural Tourism Development Co., enhancing the park's competitive edge and visitor experience [1] Group 1: Project Launch - The "See Sanya" immersive night tour project officially opened on December 6, 2023, located on the west side of Sanya Park [1] - The project features a core model of "Li ethnic culture + interaction + emotion," providing a high-interaction night tour experience lasting up to 5 hours with over 50 performances throughout the day [1] Group 2: Expected Impact - The board believes that the collaboration will significantly enhance Sanya Park's competitiveness through increased visitor flow, brand recognition, and product innovation [1] - The project aims to extend visitor stay and activate nighttime consumption potential, filling a gap in local cultural night performances [1] Group 3: Financial Performance - Following the launch of the immersive night tour project, Haichang Ocean Park reported a substantial week-on-week revenue increase of 35.2% [2]

董事会认为，合作方曾在宁夏成功打造"看见贺兰"沉浸式演艺小镇，此次引入演艺项目将显著提升三亚 公园的综合竞争力，从客流、品牌、产品创新三大维度，为三亚公园带来立竿见影的乘数效应。演艺项 目以黎族文化为核心，为游客提供可沉浸、可互动、可消费的深度夜游体验，延长游客停留时间并激活 夜间消费潜力。同时，演艺项目填补了三亚本土文化夜间演艺空白，与海昌IP形成"海洋+民俗"双核驱 动，提升品牌差异化与话题传播度，助力三亚公园为海南国际旅游消费中心再添一座夜游新地标。 演艺项目位于三亚公园西侧，以"黎族文化+互动+情绪"为核心的模式，打造"高浓度互动"夜游新场景， 为游客提供长达5小时的沉浸式夜游盛宴，全天连续50余场演艺，170余名原创NPC全程陪伴互动。 智通财经APP讯，海昌海洋公园(02255)发布公告，三亚海昌梦幻海洋不夜城(三亚公园)与三亚漫葡文旅 发展有限公司(合作方)合作，引入"看见三亚"沉浸式夜游部落(演艺项目)，已于12月6日正式开业。 ...

消息面上，海昌海洋公园发布公告称，近日，有媒体报道公司控股股东祥源控股、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。就此，公司进行了核实并进行自查，说明在某平台发行的 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，现正与相关方就逾期兑付的具体情况进行沟通处理。 公告指出，本次事件涉及的金融产品与集团及其股份无关，集团不承担任何兑付及担保义务。目前，集 团生产经营一切正常。据悉，今年10月17日，海昌海洋公园发布公告，宣布其与祥源控股集团特别授权 认购股份已正式完成，祥源注资22.95亿港元，正式成为其控股股东。 海昌海洋公园(02255)一度跌超9%，截至发稿，跌3.85%，报0.5港元，成交额2505.6万港元。 ...

公告指出，本次事件涉及的金融产品与集团及其股份无关，集团不承担任何兑付及担保义务。目前，集 团生产经营一切正常。据悉，今年10月17日，海昌海洋公园发布公告，宣布其与祥源控股集团特别授权 认购股份已正式完成，祥源注资22.95亿港元，正式成为其控股股东。 海昌海洋公园(02255)一度跌超9%，截至发稿，跌3.85%，报0.5港元，成交额2505.6万港元。 消息面上，海昌海洋公园发布公告称，近日，有媒体报道公司控股股东祥源控股、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。就此，公司进行了核实并进行自查，说明在某平台发行的 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，现正与相关方就逾期兑付的具体情况进行沟通处理。 ...

Core Viewpoint - The company, Haichang Ocean Park, has issued a statement regarding media reports about overdue payments related to financial products linked to its controlling shareholder, Xiangyuan Holdings Group. The company aims to clarify the situation to prevent misinformation and protect investor rights [1]. Group 1 - The financial products in question, associated with real estate projects of Xiangyuan Holdings, have experienced some overdue payments, for which Xiangyuan Holdings and the actual controller of the company bear joint guarantee responsibilities [1]. - Xiangyuan Holdings and the actual controller are currently in communication with relevant parties to address the specifics of the overdue payments [1]. - The financial products involved are unrelated to the group and its shares, and the group does not bear any payment or guarantee obligations for these products, nor has it provided any credit enhancement for their repayment [1]. Group 2 - The group's current production and operations are reported to be normal [1].

《疯狂动物城2》在感恩节前夕点亮全球银幕之时，迪士尼公司似乎找回了久违的魔力。 繁荣景象之下，一场关乎帝国未来的权力交接正进入微妙时刻。两大部门的主管JoshD'Amaro 与Dana Walden正争夺迪士尼CEO之位。 从好莱坞到奥兰多，从流媒体到主题公园，迪士尼的重心已在过去十年悄然完成一次史诗级迁移。这场迁移的终点，正是现任CEO鲍勃·艾格（Bob Iger） 必须在2026年底交出的权杖。 这不仅是两个人的竞争，更是两种商业哲学的博弈：是选择深谙迪士尼文化的运营专家，还是选择在好莱坞长袖善舞的创意女王？随着2026年的临近，华 尔街和好莱坞一同屏息以待。 艾格的功绩与争议 74岁的艾格于2022年11月戏剧性复出，当时，董事会解雇了他亲自选定的接班人Bob Chapek，迪士尼股价在盘后暴涨近10%。 过去三年，从财务数据看，艾格的"加时赛"成就辉煌。最核心的胜利在流媒体领域，三年前，迪士尼的直接面向消费者（DTC）业务还是一个深不见底的 黑洞，年运营亏损高达40亿美元。 这部备受期待的续作，连同随后定档的《阿凡达：火与灰》，不仅是假日档期的票房收割机，更是这家百年娱乐帝国在经历了数年动荡后，向世界 ...

Core Viewpoint - The Harbin Ma Die Er Cultural Tourism Investment Group is promoting its 2025-2026 ice and snow tourism products, highlighting the new ice and snow hot spring campsite as a key attraction for the upcoming winter season [1] Group 1: Event Highlights - The 27th Harbin Ice and Snow World will feature an expanded area of 1.2 million square meters, focusing on "Chinese culture as the core and Sino-foreign integration as the wings" [1] - The new ice and snow hot spring campsite allows visitors to enjoy hot springs and hot pot experiences in a winter setting with temperatures around -20°C [1] Group 2: Upgrades and Innovations - The park's construction has been fully upgraded, with the amount of ice and snow used increasing to 400,000 cubic meters, and the number of ice sculptures and snow constructions has also increased compared to previous years [1] - Two outdoor performance stages, the Dream Stage and the Ice and Snow Grand Stage, will be created, along with a large ice and snow-themed parade [1] - A new 5,000 square meter air-supported structure will be added for visitor rest and warmth, and a smart service app will be launched to cover various visitor needs during their experience [1] Group 3: Opening Schedule - The 27th Harbin Ice and Snow World is expected to open in mid to late December, with construction of ice structures progressing in an orderly manner [1]

Core Viewpoint - The surge in visitor numbers at major theme parks like Shanghai Disneyland during the recent autumn break has exposed service gaps, leading to the emergence of "play guides" as a gray market response to the demand for personalized services [1][2][4] Group 1: Visitor Trends and Market Dynamics - Shanghai Disneyland received over 14.7 million visitors annually and was seen as a resilient option for holiday consumption, yet it struggled to manage the influx during the autumn break [1][3] - The autumn break has primarily driven tourism consumption in nearby travel markets, with families, especially those with school-age children, showing a strong preference for theme parks [2][3] - The potential consumer base in Zhejiang province alone could reach approximately 17.92 million, based on the number of school students and average family size [3] Group 2: Emergence of "Play Guides" - "Play guides" have emerged as a spontaneous market response to the lack of sufficient supply from official services, with some operating as intermediaries to profit from ticket resales and other services [2][6][11] - The pricing for "play guides" varies significantly, ranging from 60 to 1500 yuan, depending on the type of service and the number of participants [8][10] - The presence of "play guides" has raised concerns about the legality and regulation of their services, as many operate without proper licenses and can lead to consumer disputes [11][12] Group 3: Consumer Experience and Service Gaps - Visitors have reported long wait times and discrepancies between app-reported queue times and actual experiences, highlighting operational inefficiencies at Shanghai Disneyland [4][5] - The "play guides" offer various services, including route planning and discounts on food, which some consumers find valuable despite the risks associated with unregulated services [7][8] - The demand for personalized and efficient services has led to a growing acceptance of "play guides," which could evolve into a more formalized service sector if properly regulated [14][15] Group 4: Regulatory and Industry Perspectives - Industry experts suggest that the "play guide" phenomenon reflects a broader trend in the "accompanying economy," which is projected to reach a market size of 50 billion yuan by 2025 [14] - There is a call for the formalization of "play guides" into recognized service roles within the tourism industry, which could enhance consumer protection and service quality [15][17] - The lack of clear regulatory frameworks and the potential for increased operational costs pose challenges to the formalization of "play guides" as a legitimate service [16][17]