12月12日，在每日经济新闻联合海南国际经济发展局于海口举办的"2025第十四届上市公司发展年会·国 际消费新机遇专场"上，聚焦"场景与IP（具有商业价值的创意内容或品牌）的融合共生"及"文旅领域的 跨界创新"等议题，奥雅股份联合创始人李方悦分享了其在生态共建与长期主义方面的实践与思考。 李方悦提到，奥雅股份正从一个专业的景观设计公司，转型为装入内容、装入业态的文旅领军企 业。"我深刻体会就是在这些场域里面发生着很多破立和创新，它不再是一个景区或者公园，而是在里 面装入很多IP。"她强调，未来的趋势是生态共建，因为品牌和IP都需要场景，需要一个非常丰富的场 景，而场景和空间非常需要内容和IP，所以它们天然就是一个闭环。 李方悦用数据进一步佐证了场景运营的价值：奥雅已在全国打造了250多个运营项目，服务超过200万家 庭，项目人流量超过千万。"广州儿童公园一个项目改造后就是600万的人流量。"她认为，商业的边界 正在消融，"商业不仅在传统商场里面了，它已经走入了生活。" 她总结，不同业态间的融合保证了持续创新，中国品牌和IP的发展前景广阔。"所有品牌都是长期主义 的结果，所有IP也都是长期主义的胜利中国的品牌和 ...

Core Viewpoint - The stock price of Jiaojian Co., a subsidiary of Xiangyuan Group, has been significantly impacted due to the financial troubles of its parent company, Xiangyuan Holdings, which has defaulted on financial products exceeding 10 billion yuan [1][2][9]. Group 1: Financial Impact and Stock Performance - Jiaojian Co. experienced a nearly 30% drop in stock price, while other subsidiaries like Haichang Ocean Park and Xiangyuan Cultural Tourism also saw declines of over 15% and 10% respectively [2][11]. - The market's negative reaction raises questions about whether the clarifications issued by the companies can effectively isolate the risks stemming from the parent company [2][4]. Group 2: Related Party Transactions and Asset Risks - Jiaojian Co. has significant related party transactions with its controlling shareholder, accumulating over 9 billion yuan in receivables from these transactions, which constitutes 13% of its total receivables and contract assets [6][7]. - The company’s receivables and contract assets have increased from 3.2 billion yuan in 2020 to 6.9 billion yuan, representing 68% of total assets as of the latest quarterly report [6][12]. Group 3: Bad Debt Provisions and Financial Health - Jiaojian Co. has a significantly lower bad debt provision for related party receivables (1.27%) compared to external receivables (6.83%), raising concerns about the adequacy of its provisions amid the parent company's financial crisis [13][17]. - The company reported a net profit of 137 million yuan for the first three quarters of the year, a 36.4% increase year-on-year, but faces potential risks of increased bad debt provisions in 2025 [13][15]. Group 4: Cash Flow and Debt Situation - Jiaojian Co. has been experiencing negative operating cash flow, with a trend of increasing cash outflows [15][17]. - The company’s total debt to total assets ratio is 22.43%, and interest expenses account for 41.35% of net profit, indicating a high burden of interest payments on its financial performance [17][18].

12月10日，中国绿发开展"中国绿发 向新出发"品牌开放日，发布绿色低碳与生态环保实践。作为一家 以"绿色发展"为主题的中央企业，中国绿发将绿色发展与生态保护理念融入企业文化，推动绿色低碳产 业发展，践行生态保护实践，绘就绿水青山新画卷。 点"绿"成"金"，绿色低碳产业加速发展 山风劲吹，风机飞转，绿电点亮万家灯火；水清岸绿、鸟鸣啾啾，生态环境不断改善；产业向绿，生态 向美，中国绿发坚持走生态优先、绿色低碳高质量发展道路，从战新产业和传统产业两端发力，培育绿 色生产力，构建产业新格局，绿色发展新动能不断增强。 加速新能源产业布局，中国绿发在新疆、甘肃、青海、宁夏等地建设新能源大基地项目，推动能源绿色 转型。十四五期间，新增运营、在建项目34个，新增装机容量3644万千瓦，年发电量240亿千瓦时，相 当于减少标准煤消耗744万吨，减少二氧化碳排放1369万吨。新疆一期新能源大基地项目获得BRE净零 碳园区认证。 聚焦加快传统产业绿色转型，中国绿发深入推进房地产高端化、智能化、绿色化升级，打造绿色健康人 居，在实现100%绿色建筑认证基础上，持续开展"双碳"示范项目创建，累计取得绿建认证204项，零 碳、净零碳、 ...

Core Viewpoint - The article discusses the financial crisis surrounding Zhejiang Financial Asset Trading Center (Zhejiang Jin Center) and its connection to Xiangyuan Holdings and its founder Yu Faxiang, highlighting the risks of aggressive capital expansion and the impact on investors and listed companies [3][5][10]. Group 1: Financial Crisis Overview - Zhejiang Jin Center has faced a significant crisis, with over 14 billion yuan in financial products unable to be redeemed, leading to widespread investor anxiety [7][10]. - The total amount involved in the crisis has exceeded 14 billion yuan, with many investors reporting amounts ranging from hundreds of thousands to millions [7][10]. - The crisis has led to a rapid decline in stock prices for Xiangyuan Holdings' listed companies, with declines of 14.23%, 16.32%, and 27.53% in just three trading days [14]. Group 2: Company Background and Expansion - Xiangyuan Holdings, founded by Yu Faxiang, has total assets of approximately 60 billion yuan and liabilities exceeding 40 billion yuan, primarily from bank loans and investor products [3][10]. - The company has aggressively expanded into the tourism sector, acquiring over 20 well-known scenic spots and controlling three listed companies [24][25]. - Yu Faxiang's entrepreneurial journey is characterized by a "grassroots reversal" narrative, having transitioned from a poor background to becoming a prominent businessman in Zhejiang [20][24]. Group 3: Financial Management and Risks - The financial products offered by Zhejiang Jin Center were primarily backed by Xiangyuan Holdings, which has been facing a liquidity crisis [10][16]. - The financing costs for Xiangyuan Holdings are reported to be around 8% to 9%, while the investment returns for investors are only 4% to 5%, indicating a significant gap [16]. - The company has been under scrutiny for misusing funds, with reports indicating that 410 million yuan was misappropriated for other projects [28][30]. Group 4: Market and Regulatory Environment - The Zhejiang Jin Center, previously backed by state-owned enterprises, has shifted to a private ownership model, which has raised concerns among investors about the stability of their investments [31]. - The regulatory environment has tightened, with the Zhejiang Securities Regulatory Bureau issuing penalties that revealed the financial strain on Xiangyuan Holdings [28][30]. - The article emphasizes the risks associated with high-yield financial products, particularly those linked to private enterprises and real estate projects, which are often less stable [33].

Group 1 - The core point of the article is that Daqian Ecology (SH 603955) held its 22nd meeting of the 5th Board of Directors on December 5, 2025, to discuss the election of the chairman and other documents [1] - For the first half of 2025, Daqian Ecology's revenue composition is as follows: cultural tourism operations accounted for 67.94%, pet business 16.47%, engineering construction 7.3%, seedling sales 5.25%, and other businesses 2.35% [1] - As of the report date, Daqian Ecology has a market capitalization of 4 billion yuan [1] Group 2 - The article mentions that large bank certificates of deposit have become a scarce resource, with products offering over 2% interest being difficult to obtain, and some requiring a minimum investment of 10 million yuan [1] - Experts suggest that deposit interest rates may trend downward in the long term [1]

近日，中国写生会与建德正式签约，在严州古城成立首个直属写生创作基地。来自中国写生会西安 分会的五位知名画家作为基地首批特邀艺术家，赴建德大慈岩景区进行实地写生，标志着该基地开启首 次写生创作活动。 此次合作由市新安旅游投资有限公司、市严州古城运营管理有限公司与写生会（杭州）品牌运营有 限公司共同推动。合作双方将依托建德优质的文旅资产与政策支持，结合中国写生会在学术品牌与艺术 家资源方面的优势，共同打造一个集创作、交流、研学、展览与社会美育功能于一体的综合性文化艺术 基地，旨在为建德引入高质量的艺术资源，助力地方文化发展与经济社会效益提升。 中国写生会会长贺海涛表示，中国写生会将集全国艺术家之力，把该基地打造成中国写生会名家教 授专家创作基地，同时把海外分会的艺术家逐渐引流进建德。 据悉，本次写生创作活动将持续15至20天，艺术家们将对严州古城及大慈岩景区等核心景观进行系 统写生与记录。活动应用数字化技术，在不同点位设置二维码，方便学生和游客扫码了解各位艺术家在 此创作的画作风格、观看教学视频，实现艺术资源的数字化共享与教育转化。 ...

智通财经APP讯， *ST张股(000430.SZ)发布公告，在张旅集团重整事项逐步推进且重整投资协议签署的 背景下，公司子公司张家界大庸古城发展有限公司(以下简称"大庸古城公司")拟与公司、电广传媒、芒 果超媒共同投资设立的合资公司"张家界芒果文旅有限公司"(暂定名，最终以工商注册登记为准，以下 简称"合资公司")签订《大庸古城运营合作协议》，拟对大庸古城项目实施提质改造与综合运营合作。 ...

Core Insights - The "Senlin Lehuo Music Season" event successfully transformed the Yulin Street area into a vibrant hub for leisure and entertainment, showcasing innovative public space utilization and community engagement [3][5]. Group 1: Event Overview - The "Senlin Lehuo Music Season" was organized by Yulin Street in collaboration with Shenzhen Futian Cultural Tourism City Service Co., Ltd, featuring interactive technology projects like robot perfume-making and smart burger preparation [3]. - The event included live performances, with a band and popular singer Luo Xiaoluo, creating an immersive experience for attendees [3]. Group 2: Attractions and Activities - The area features a 24-hour self-service smart wooden piano room, which has become a popular photo spot for families [4]. - A variety of shops cater to sports enthusiasts, including a football equipment store and an outdoor charging station for cyclists, promoting a green travel theme [4]. - The park also hosts a convenience store with a wide selection of instant noodles and a café offering various food and beverage options, enhancing the visitor experience [4]. Group 3: Urban Development Strategy - The initiative aims to revitalize public spaces by combining government resources with local enterprises, transforming the area into a "Park+" economic demonstration zone [5]. - The project reflects a shift from traditional industrial zones to a mixed-use area focused on food, fashion, and ecology, contributing to the overall urban renewal strategy in Shenzhen [5].

日照创达产业集团为市级国有资产运营主体，主要负责山东省日照市万平口景区、东夷小镇等重要 文旅景区及五星级酒店的运营管理，具备独特的区域文旅资源优势。公司依托日照海滨城市旅游产业优 势，推动文旅产业升级，促进产业协同与融合，赋能城市发展。公司通过产业转型，以"景区+酒店"为 核心，向上下游延伸，整合开发海洋文旅业态，形成彼此赋能、协同发展的产业链闭环，全面提升公司 盈利能力和抗风险能力。 中证报中证网讯（记者 林倩）近日，由国泰海通证券股份有限公司担任独家主承销商的日照创达 产业集团有限公司2025年面向专业投资者非公开发行公司债券（第一期）（高成长产业债）在上海证券 交易所成功发行。本期债券发行规模6亿元，票面利率2.54%。 本次高成长产业债成功发行是日照创达产业集团自身发展的关键一步，更是对日照市文旅产业发展 的一次有力赋能。日照创达产业集团表示，将以此次高成长产业债发行为契机，构筑产业升级新格局， 向"新"而行，向"海"图强，不断为日照市文旅产业高质量发展注入澎湃动力。 ...

2023年6月30日，天美艺术街区更新项目启动，项目以天津美术学院周边区域为更新范围。"我们通过对 项目范围内5片、17块闲置零散地块的规划调整、土地置换、资源盘活，最终'化碎为整'形成4片可开发 利用的规整地块，增补产业空间载体约6.87万平方米。"河北区住房和建设委员会主任罗云说。 在项目更新过程中，河北区与天津美术学院紧密合作，深入挖掘区内丰富的文化艺术资源，通过对壁画 系、雕塑系和石膏馆等教学空间的修缮改造，打破传统艺术教育的场域边界。 初冬时节，阳光正好。位于天津市河北区的天美艺术街区内，游人们三三两两，有说有笑。街区内，巨 型艺术雕塑、复古红砖建筑、公共艺术作品等引来不少市民游客。 在天美艺术街区的西南入口，一座昂首阔步向前的"行走巨人"艺术雕塑引来很多市民游客驻足拍照。市 民陈晓菲一边模仿巨人大步流星的样子，一边催促着朋友赶快摁下手机快门。"咖啡、红砖、涂鸦、雕 塑、画廊，这里的艺术氛围感简直太棒了。"她点赞说。 天美艺术街区位于河北区天纬路与三马路交口，这里曾经是产权混乱、历史遗留问题突出的老旧片区。 据了解，近年来，河北区以"实施一批、报审一批、谋划一批"的模式扎实有序推进城市更新工作。目 ...