Core Viewpoint - The article discusses the financial struggles of marine parks, particularly focusing on Haichang Ocean Park, which has faced continuous losses and high operational costs due to the nature of its business model and the rising costs associated with animal care [4][6][13]. Group 1: Company Overview - Xiangyuan Holdings acquired Haichang Ocean Park for HKD 2.3 billion, indicating a shift in ownership amidst financial difficulties [4]. - Haichang Ocean Park has experienced annual losses over the past five years, with a cumulative loss of CNY 3.785 billion from 2020 to 2024 [8][13]. - The park's revenue growth for 2024 is projected at only 0.08%, while losses are expected to widen [8]. Group 2: Operational Challenges - The operational costs of marine parks are significantly high, with examples such as the Zhengzhou Ocean Park costing nearly CNY 4.2 billion to establish, including CNY 2.05 billion for land [17]. - The daily feeding costs for marine animals are substantial, with a single beluga whale costing approximately CNY 12,000 per day for care [20]. - The reliance on animal performances for revenue generation is increasingly problematic due to changing public sentiment towards animal welfare [30][57]. Group 3: Industry Trends - The article highlights a global trend where marine parks are struggling financially, with examples from other regions, such as the closure of Kunming Huadu Ocean World and the financial difficulties faced by Hong Kong Ocean Park [22][30]. - The shift in consumer preferences towards animal welfare has led to a decline in traditional revenue streams for marine parks, necessitating diversification into other entertainment options [30][58]. - Successful tourism projects often focus on reducing fixed costs and increasing secondary revenue streams, a strategy that marine parks have struggled to implement effectively [61][63].