值得注意的是，"祥源系"旗下多款金融资产收益权产品在浙金中心平台出现到期未兑付情况。"祥源 系"三家上市公司祥源文旅、交建股份、海昌海洋公园迅速澄清，公告均提及祥源控股、公司实控人俞 发祥就相关兑付义务承担连带保证责任，但事件涉及的金融产品与上市公司等无关。 智通财经APP获悉，海昌海洋公园(02255)再涨逾9%，截至发稿，涨7.37%，报0.51港元，成交额3979.91 万港元。 消息面上，郑州海昌海洋公园与河南省科技馆，于12月10日正式签订战略合作。此次合作以"海洋+科 学"为核心，通过资源整合与内容共创，打造"体验式科普"新范式，推动科普从静态传播转向动态实 践，共创"科教融合、文旅赋能"新标杆。此外，三亚海昌梦幻海洋不夜城与三亚漫葡文旅发展有限公司 合作，引入"看见三亚"沉浸式夜游部落，已于12月6日正式开业。 ...

Core Insights - The 27th Harbin Ice and Snow World will open on December 17, 2025, at 10 AM [1] Group 1: Event Details - The theme for this year's park is "Ice and Snow, Fairy Tale World," covering an area of 1.2 million square meters, making it the largest in history [3] - The total amount of ice and snow used will reach 400,000 cubic meters, creating a "Winter Dream Feast" that integrates ice and snow art, cultural performances, technological interaction, and ultimate experiences [3] - The park will feature three major scenic axes, a new large-scale themed parade, an outdoor stage, and a 5,000 square meter air film pavilion, incorporating smart lighting and AI interaction technologies [3] Group 2: Activities and Services - The Harbin International Ice and Snow Festival opening ceremony, international ice sculpture competition, snow soccer matches, ice hockey games, and a New Year's concert will also take place in the park [3] - A scenic area service mini-program will be launched, covering ticket purchases, attraction information, and queue inquiries to meet visitor needs [4]

据悉，本次主题展览以文化为纽带推动深港两地创意产业协同发展，助力构建活力迸发的湾区文旅新生 态。深圳K11 ECOAST香港迪士尼20周年新春主题变装将于明年1月焕新，届时新春氛围的装置将陆续 亮相。(完) 来源：中国新闻网 编辑：郭晋嘉 广告等商务合作，请点击这里 香港迪士尼乐园度假区20周年主题展览登陆深圳 中新网深圳12月15日电 (蔡敏婕 杨昳)在粤港澳大湾区建设深入推进的背景下，深港两地加速互通互 融，正形成紧密相连的经济文化生态圈。 香港迪士尼乐园度假区20周年主题展览14日登陆深圳K11 ECOAST海滨文化艺术区。米奇、米妮、可琦 安、玲娜贝儿4位迪士尼角色身穿全新香港迪士尼20周年限定服饰现身，吸引来自香港等地的观众前来 参与。 来自香港的观众表示："我从香港东涌坐了一个多小时车过来。一周前在社交平台上看到宣传，就决定 要来。我特别喜欢玲娜贝儿，所以一点多就来排队了。" 当天，10米高的"奇妙梦想城堡装置"换上20周年限定新装，"达菲与好友游玩屋装置"以不同造型的达菲 与好友毛娃娃迎候观众。而在200米长的"20周年花车长廊展区"，展示香港迪士尼乐园20周年花车阵容 照片和模型。 本文为转载 ...

出品：新浪财经上市公司研究院 文/夏虫工作室 核心观点：随着母公司爆雷，祥源系上市公司为何遭市场用脚投票？上市公司的澄清公告能否将母公司 体外风险"切割"干净？相关风险又是否可能传导至上市公司？值得注意的是，祥源系爆雷前夕，其耗资 近23亿收购海昌海洋公园，其究竟是对其助力还是拖累？需要指出的是，海昌海洋公园的资金链压力也 不小。 近日，祥源控股因在浙江金融资产交易中心发行的多款金融产品逾期兑付引发旗下上市公司股价地震。 至此，我们疑惑的是，随着母公司债务危机爆雷，祥源系上市公司为何遭市场用脚投票？上市公司的澄 清公告能否将母公司体外风险"切割"干净？相关风险又是否可能传导至上市公司？ 爆雷前夕耗资近23亿收购海昌海洋公园 6月2日晚间，海昌海洋公园（02255.HK）发布公告称，已经与认购人（祥源控股集团旗下一全资境外 公司）和祥源控股集团签订认购协议，按认购价每股0.45港元配发及发行51亿股新股份，总代价22.95亿 港元。若本次交易能够顺利完成，祥源控股将间接持有海昌海洋公园38.6%股份，成为其新的控股股 东。 根据公告，祥源控股集团将以其内部资金缴付其对嵊州市祥源合伙企业及安徽源胤祥合伙企业的注资 ...

此外，海昌海洋公园公布，三亚海昌梦幻海洋不夜城与三亚漫葡文旅发展有限公司合作，引入"看见三 亚"沉浸式夜游部落，已于12月6日正式开业。董事会认为，此次引入演艺项目将显著提升三亚公园的综 合竞争力。 海昌海洋公园(02255)反弹逾5%，截至发稿，涨5.68%，报0.465港元，成交额2219.46万港元。 消息面上，海昌海洋公园公布，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。公司称，控股股东正就金融产品逾期兑付进行沟通处理。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。 ...

智通财经APP获悉，海昌海洋公园(02255)反弹逾5%，截至发稿，涨5.68%，报0.465港元，成交额 2219.46万港元。 （原标题：港股异动 | 海昌海洋公园(02255)反弹逾5% 公司称对股东关联的金融产品集团不承担任何兑 付及担保义务） 消息面上，海昌海洋公园公布，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。公司称，控股股东正就金融产品逾期兑付进行沟通处理。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。 此外，海昌海洋公园公布，三亚海昌梦幻海洋不夜城与三亚漫葡文旅发展有限公司合作，引入"看见三 亚"沉浸式夜游部落，已于12月6日正式开业。董事会认为，此次引入演艺项目将显著提升三亚公园的综 合竞争力。 ...

Core Viewpoint - Starting from January 12, 2026, Shanghai Disneyland will optimize its ticket refund and exchange policy to provide more flexibility and convenience for visitors, helping them better cope with unforeseen circumstances affecting their travel plans [1] Ticket Refund Policy Changes - The current policy prohibits ticket transfer, cancellation, or refunds, but under the new policy, a tiered refund standard will be implemented for tickets purchased through official channels [1][2] - The new refund standard applies to standard gate price "one-day/two-day tickets" and Disney Magic One-Day Packages purchased through official channels [1][2] Refund Application Timeline - Visitors can apply for a full refund if the application is submitted by 23:59 seven days before the visit [3] - A service fee of 80 RMB per ticket will be charged for refund applications submitted between six days and one day before the visit [3] Restrictions on Refunds - No refunds will be allowed after 00:00 on the day of the visit [4] - The refund standard for "two-day tickets" is based on the first selected visit date [5] Additional Support and Conditions - Visitors can also seek assistance for refunds through the Shanghai Disneyland Reservation Service Center [5] - Tickets purchased through other authorized channels must consult the original purchase channel for refund policies [6]

Market Data - The Shanghai Composite Index closed at 3900.5 points, down 0.23% as of December 10 [1] - The Dow Jones Industrial Average rose by 497.46 points to 48057.75 points, an increase of 1.05% [1] - International oil prices saw a slight increase, with light crude oil futures for January 2026 rising by $0.21 to $58.46 per barrel, a 0.36% increase [1] Economic News - China's Vice Premier He Lifeng expressed support for the multilateral trade system centered around the WTO and opposed unilateralism and protectionism during a meeting with WTO Director-General Ngozi Okonjo-Iweala [2] - The Ministry of Finance announced the issuance of special government bonds maturing in 2025, with a total issuance of 750 billion yuan, including 400 billion yuan for a 10-year bond and 350 billion yuan for a 15-year bond [3] - In November 2025, China's Consumer Price Index (CPI) rose by 0.7% year-on-year, with urban areas increasing by 0.7% and rural areas by 0.4% [4] - The Producer Price Index (PPI) for November 2025 decreased by 2.2% year-on-year, with an average decline of 2.7% from January to November [4] - The IMF projected China's economic growth rate to reach 5% in 2025, an increase of 2 percentage points from its previous forecast [4] Company News - Shanghai Disney Resort announced changes to its ticket refund policy effective January 12, 2026, allowing for a tiered refund standard for tickets purchased through official channels [7] - China National Chemical Corporation's subsidiary, Zhongke Shuguang, and Haiguang Information announced the termination of their merger, leading to a significant drop in stock prices for both companies [6]

Core Viewpoint - Shanghai Disneyland is set to optimize its ticket refund and exchange policy starting January 12, 2026, allowing for a tiered refund system that includes full refunds for cancellations made seven days in advance, breaking its long-standing "non-refundable" rule [1][4]. Ticket Refund Policy Changes - The new refund policy allows visitors to apply for a full refund if they submit their request by 23:59 seven days before their visit [4]. - For requests made between six days and one day before the visit, an 80 yuan service fee will be charged per ticket [4]. - Refunds will not be available on the day of the visit [4]. Market Adaptation - The adjustment reflects a trend among international theme parks to localize their service standards to better meet the demands of the Chinese consumer market [6][8]. - Many international Disney parks maintain strict non-refundable policies, contrasting with the more flexible refund options being adopted in China [6][7]. Consumer Behavior Insights - Experts suggest that a more lenient refund policy lowers the decision-making threshold for consumers, thereby increasing their willingness to purchase tickets [5]. - The flexibility in ticketing is seen as a strategy to broaden the consumer base, appealing to a wider range of age groups and price sensitivities [5][11]. Broader Ticketing Strategy - Shanghai Disneyland has been continuously adjusting its ticket pricing structure since its opening in 2016, including the introduction of more intermediate price levels to balance visitor flow throughout the year [10]. - The ticket pricing strategy not only impacts revenue but also plays a crucial role in managing visitor numbers and ensuring a quality experience [10][11].

Core Points - Shanghai Disneyland will optimize its ticket refund policy starting January 12, 2026, allowing full refunds for tickets if applications are submitted at least 7 days before the visit date [2] Group 1: Refund Policy Details - Visitors can apply for a full refund if they submit their refund request by 23:59, 7 days prior to their visit [2] - A tiered refund standard will be implemented, where requests made between 6 days and 1 day before the visit will incur a service fee of 80 RMB per ticket [2] - Tickets purchased through official channels must not have used any promotional coupons and must not have undergone any date changes to qualify for the new refund standards [2]