本报（chinatimes.net.cn）记者王敬 北京报道 10月24日，盈新发展（000620.SZ）延续强势，开盘便"一字"涨停，收获"五连板"，截至收盘，报于2.64 元/股。股价异动背后，是公司在10月21日晚间披露的一则跨界收购计划——拟收购长兴半导体科技有 限公司（下称"长兴半导体"）81.81%股权，若交易最终完成，公司则由此切入存储器封测赛道。 值得注意的是，盈新发展不久前才从"新华联"更名而来，并宣称将聚焦文旅业务。然而，此次文旅转型 尚未见效，公司又急转切入半导体，其战略连贯性引发市场质疑。更深的隐患在于财务层面，公司扣非 净利润已连续五年半为负，营收也连续三年半下滑，现金收购的资金来源成疑，为本次跨界收购的战略 真实性及可持续性蒙上阴影。 对此，盈新发展方面10月24日对《华夏时报》记者表示，本次交易尚存在不确定性，有关本次交易涉及 的后续事宜，公司将履行相应的决策和审批程序，并及时对外披露。 针对股价连续涨停，东方企业创新发展中心特邀副理事长高泽龙对《华夏时报》记者分析指出，股价上 涨更多反映市场对"跨界转型"的短期博弈，而非基于盈新发展基本面或长兴半导体真实价值的理性定 价。长期需 ...

长兴半导体并非行业新兵。企查查数据显示，该公司成立于2012年11月30日，法定代表人张治强，是一家专注于半导体集成电路封装测试的高新技术企业。 公司注册资本6111.7922万元，实缴资本5229.1922万元，人员规模100-199人，参保人数151人。 2025年10月21日晚，一则股权收购公告引发市场关注。刚刚完成破产重整并更名的盈新发展（000620.SZ）宣布，拟以现金收购广东长兴半导体科技有限公 司（以下简称"长兴半导体"）81.8091%股权。 这不仅是盈新发展自提出"文旅+科技"战略后的首笔重大跨界收购，更因其公告前股价连续两日涨停，被推至信息泄露质疑的风口浪尖。从文旅地产到半导 体封装测试，盈新发展跨界"背后一站"背后，是新掌舵人王庚宇试图将公司从传统业务泥潭中连根拔起的转型野心。 文旅地产老兵跨界半导体 根据公告，盈新发展已与广东长兴信息管理咨询有限公司及张治强签署《股权收购意向协议》，拟以现金方式收购双方合计持有的长兴半导体81.8091%股 权。尽管交易对价尚未披露，但这一控股型收购已引发市场对盈新发展战略方向的重新评估。 从技术实力看，长兴半导体已建立起完整的芯片集成封装一站式解决 ...

【导读】盈新发展拟收购长兴半导体控制权，本周已经两连板 中国基金报记者 吴君 在今年6月"新华联"更名为"盈新发展"后，该公司又有新动作，打算控股一家半导体公司。10月21日晚间，盈新发展发布公告称，计划收购广东长兴半导体 科技有限公司（以下简称长兴半导体）81.8091%股权。 值得注意的是，盈新发展本周一、周二股价连续涨停，截至10月21日，该股报收于1.98元/股，市值为116亿元。 战略布局"文旅+科技" 10月21日晚间，盈新发展发布公告称，公司与广东长兴信息管理咨询有限公司、张治强签署了《股权收购意向协议》，计划以支付现金方式收购其合计持有 的长兴半导体81.8091%股权。本次交易完成后，公司预计将实现对长兴半导体控股。 根据初步研究和测算，本次交易预计不构成《上市公司重大资产重组管理办法》规定的重大资产重组。本次交易不涉及上市公司发行股份，不会导致公司控 制权变更。本次交易不构成关联交易。 资料显示，长兴半导体成立于2012年11月，是一家专注于存储器芯片封装测试和存储模组制造的高新技术企业。 该公司形成了研发封装测试一体化的经营模式，拥有晶圆测试和修复技术，具备8层叠Die封装工艺以及BGA ...

Core Insights - The news highlights the recent trending topic of Li Yapeng's divorce, which has drawn significant public attention due to his failed business ventures and substantial debts [1][3]. Group 1: Business Ventures - Li Yapeng's entrepreneurial journey is characterized as a series of missteps, often entering industries just as they begin to decline, earning him the label of a "reverse indicator" in business [4][12]. - His investment in the Snow Mountain Art Town project, which cost 3.5 billion, was made during a downturn in the real estate market, leading to a significant loss and a forced sale of 51% of the stake for 190 million, along with an additional 40 million in debt [6]. - The launch of a hotpot restaurant during the rise of e-commerce and a marriage platform "Xiyuan" also exemplifies his tendency to enter markets after they have peaked, resulting in poor timing and execution [8][10]. Group 2: Market Timing and Strategy - Li Yapeng's ventures often coincide with market saturation, as seen in the white liquor industry where he invested heavily only when competition intensified [8]. - His late entry into the electric vehicle market, investing 800 million when leading players had already established dominance, further illustrates his struggle with market timing [10]. - The early success of the "Xiyuan" project, which was on the verge of acquisition, was squandered when he declined the offer, marking a missed opportunity in his entrepreneurial journey [12]. Group 3: Lessons Learned - The narrative serves as a cautionary tale for entrepreneurs, emphasizing that having a celebrity status and passion is insufficient without market awareness and operational skills [12]. - The experiences of Li Yapeng highlight the importance of timing in business, suggesting that entering a market at the right moment is more critical than inherent talent [12].

《中国经营报》记者获悉，10月10日，花样年集团与深圳美宿文旅集团就"深圳龙岐湾项目"达成战略合 作。该合作基于龙岐湾项目的资产盘活及经营管理展开，在深圳市大鹏新区政府的支持下，以"企业 +债权方+行业协会+村集团+专业运营方"多方协作模式，为文旅地产项目存量资产盘活与化债提供了新 路径，同时通过高品质文旅业态打造，激发区域消费市场，为大湾区文旅产业升级与经济高质量发展注 入了新活力。 据悉，龙岐湾项目位于深圳市大鹏新区大鹏街道银滩路东侧，总用地面积约4万平方米，总建筑面积约 3.8万平方米，容积率0.71，项目于2014年9月竣备。 根据协议，深圳美宿文旅集团将作为龙岐湾项目的独家招商与服务运营方，全面负责项目日常维护、品 牌引入、业态打造与经营管理，整合地方民宿行业协会资源，逐步引入高品质民宿、精品酒店、中西餐 饮、咖啡茶酒、书吧等多维业态，打造集度假、亲子、餐饮、运动于一体的高品质滨海文旅度假区。 花样年内部人士表示，此次龙岐湾项目将整合行业协会资源，引入精品酒店、高品质民宿、中西餐饮、 咖啡书吧、海上运动中心等多元业态，构建"度假+亲子+运动"的复合型文旅目的地。采用分阶段化解 债务压力，通过优先启动 ...

Core Insights - The article highlights the emergence of futuristic cultural landmarks in Qianhai, Shenzhen, which are expected to reshape urban tourism narratives and generate economic momentum [1][4][5] - The unique architectural aesthetics of these landmarks, such as "Bay Area Eye" and "Qianhai Ice and Snow World," are designed to attract visitors and enhance the city's international recognition [7][10] Group 1: Architectural Developments - Qianhai is introducing several innovative buildings, including the world's largest indoor snow park and a transformed cruise ship, which serve as both cultural symbols and tourist attractions [4][8] - "Bay Area Eye," a massive bookstore, and "Qianhai Ice and Snow World," featuring the largest indoor ski area at the lowest latitude, are key highlights of this architectural transformation [4][12] - The architectural designs reflect a blend of modern aesthetics and functional utility, aiming to create immersive experiences for visitors [5][13] Group 2: Tourism and Economic Impact - The implementation of a 240-hour visa-free transit policy has significantly boosted inbound tourism, with a reported 31.9% year-on-year increase in visitors to Shenzhen [19][20] - The integration of cultural and tourism experiences is seen as a strategy to enhance consumer engagement and investment opportunities in the region [19][20] - The presence of social media influencers has amplified the visibility of Qianhai as a travel destination, attracting a diverse audience [18][19] Group 3: Visitor Experience Enhancements - Qianhai is enhancing visitor experiences through improved payment systems and tax refund services, making it more accessible for international tourists [22][20] - The development of unique attractions, such as the immersive theater experience on the "Minghua Wheel," caters to the growing demand for experiential travel [14][16] - The region aims to create a "1-hour ice and snow lifestyle circle" for residents and visitors from Hong Kong and Macau, further integrating the Greater Bay Area [13][14]

蔚蓝海岸不止有海，更有"海上的速度与激情"。启航帆船营地在10月1日-5日推出亲子帆船营，专业教 练以游戏化教学带孩子解锁航海技能，全家一起扬帆出海，感受协作与探索的乐趣 而陆上焦点，属于今年全新升级的"秦皇岛匹克球公开赛"（10月4日-5日）。这项风靡全球的新兴运动 兼具网球、乒乓、羽毛球的乐趣，门槛低、安全性高，适合全龄参与。赛事汇聚全国高手，无论你是观 赛还是体验，都能感受到"小而美"的运动魅力。 这个国庆、中秋，不如换个方式过节：到秦皇岛远洋蔚蓝海岸，冲进第八届小镇生活节的欢乐海洋！这 里没有传统景区的拥挤与重复，有的是悠然自得的乘兴而动，将IP活动深度、文旅体验广度、社群生活 温度融为一体，打造一个真正属于现代都市人的活力假期。无论你是运动爱好者、亲子家庭，还是追求 质感生活的年轻人、希望放松身心的长辈，这里都有让你"玩得专、玩得嗨"的理由。 三大亮点 定义不一样的滨海假日 运动新潮：帆船 + 匹克球，打造专业级体验 节奏不重样 从清晨跑到月光音乐会 10月1日8：30|迎国庆·晨光跑：在浪Bar伴随升旗仪式开跑，以热血开启假期； 10月1日18：00|小镇生活节开幕：OST交响乐团在沙滩奏响假日序 ...

Core Viewpoint - The article discusses the increasing interest of foreign capital in China's cultural and tourism assets, highlighting recent investments and policy changes that facilitate this trend [10][12][15]. Group 1: Investment Opportunities - The project located in Suzhou's Yangcheng Lake Peninsula will be renamed Haihe An Suzhou Yangcheng Peninsula Park, with an additional investment of 100 million yuan, aiming to create a lakeside immersive cultural and entertainment tourism destination in the Yangtze River Delta [1]. - During its trial operation in the summer of 2025, the park is expected to attract over 350,000 visitors, with a peak daily attendance exceeding 20,000, making it a popular destination on a leading short video platform [3]. - MBK Partners, known for its opportunistic investments, previously privatized Shenzhou Car Rental at a significant premium despite the company's challenges during the pandemic [3][4]. Group 2: Foreign Investment Trends - MBK's notable acquisition of four theme parks from Haichang Ocean Park for approximately 6.5 billion yuan marks a rare case of foreign investment consolidation in China's cultural tourism sector [4]. - The article notes that foreign investments in China's tourism sector are increasing, with examples including the acquisition of high-end hotels and theme parks by various foreign entities [6][8]. - Recent policy changes by Chinese authorities aim to optimize the foreign investment environment, signaling a shift towards welcoming foreign capital in various sectors, including tourism [10][12]. Group 3: Market Dynamics - The article emphasizes that the valuation logic for cultural tourism assets in China is becoming clearer as foreign capital enters the market, with a focus on projects that can generate stable cash flow [13][15]. - The influx of foreign capital is expected to reshape the industry landscape, with a trend towards acquiring undervalued assets and enhancing their operational models [21][22]. - The article suggests that the next five years may see a significant transformation in the way cultural tourism assets are structured and valued, driven by both foreign and domestic capital [25].

这两天，我注意到韩国的知名私募投资基金安博凯（MBK Partners）正式完成了对原苏州华谊兄弟电影世界的全资收 购。 这一项目位于苏州阳澄湖半岛国家级旅游度假区核心地带，占地690亩，未来将更名为海合安苏州阳澄半岛乐园，并计 划追加投资一亿元，宣布打造长三角首个真正意义上的湖滨沉浸式文娱旅游目的地。 另据苏州工业园区官方平台数据，在2025年暑期试运营期间，该乐园接待游客超过35万人次，单日最高客流突破2万， 一跃成为某头部短视频平台暑期全国热门景区榜单的常客。 事实上，这并不是MBK在中国市场的第一次出手，这是一家非常擅长抄底的私募基金。 早在2021年，安博凯便以大幅溢价完成了对神州租车的私有化。 彼时，神州租车受瑞幸风波、疫情冲击和重资产拖累，市值大幅缩水，但安博凯依然提出全面收购要约，坚定推进交 易。 而真正让安博凯在中国文旅市场声名大噪的，是同年对海昌海洋公园旗下四家主题乐园的整体收购。 根据股份购买协议，安博凯收购上述4家海洋主题公园100%股权，并将收购郑州在建项目的66%股权，总交易金额约65 亿元人民币。成为近年来极为罕见的外资文旅整合案例。 回顾安博凯的投资路径，这家公司偏好具有现金流 ...

Core Insights - MBK Partners' subsidiary, Haihe An Cultural Tourism, has completed the acquisition of Suzhou Huayi Brothers Movie World, rebranding it as Haihe An Suzhou Yangcheng Peninsula Paradise, marking a shift in the Yangtze River Delta's cultural tourism focus from "scale expansion" to "quality enhancement" [1][2] - The park, covering 460,000 square meters, is expected to attract over 350,000 visitors during its trial operation in the summer of 2025, with a peak daily attendance exceeding 20,000 and a revenue increase of 68% year-on-year [1][2] - The Chinese government is providing strong policy support for tourism consumption, including issuing consumption vouchers and implementing ticket reduction policies, which is expected to significantly benefit the cultural tourism real estate sector [1][2] Company Overview - Haihe An Cultural Tourism has invested over 100 million yuan in the project, launching three core products, including the largest domestic dragon-themed children's area and a night economy system [2][3] - The company operates several major cultural tourism projects across cities like Qingdao and Chengdu, adopting a "one city, one IP" model to enhance local cultural integration [3][4] - The acquisition strategy of MBK Partners focuses on identifying high-value assets in distress, aiming to revitalize them through operational improvements and capitalize on market recovery [5][6] Industry Trends - The cultural tourism real estate sector is shifting towards theme consumption, immersive experiences, and innovative models, with AI technology accelerating industry upgrades [4][5] - There is a significant amount of inefficient existing assets in the domestic cultural tourism industry that require revitalization, highlighting the need for diverse capital involvement [6] - The current capital market is facing an "asset scarcity" situation, with a focus on operational income becoming crucial for real estate value, making cultural tourism properties attractive for investment [5][6]