文|小方 来源|博望财经 2025年12月12日，越牛新闻发布落款为"绍兴市帮扶祥源控股集团工作组"的"公告"，其中提及"为稳妥有序处置相关风险，维护投资者合法权益，经研究 决定，绍兴市组建帮扶祥源控股集团工作组，即日起进驻企业。" 图片来源：越牛新闻官网截图 据公开资料，祥源控股管理层披露，祥源控股当前资产总额约600亿元，负债规模约为400亿元。 业内人士认为，在文旅和地产板块持续投入的背景下，股权质押以及外部融资能力下降，共同推高了流动性压力。 01 三家上市公司集体火速信披背后 12月7日晚，"祥源系"旗下上市公司祥源文旅、交建股份与海昌海洋公园相继发布了相关公告，公开回应市场关注的祥源控股集团逾期兑付事件。其中， 祥源文旅在公告表示，"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。祥源控股及公司实际控制人正与相关方就逾期兑付的具体情况进行沟通处理。" 图片来源：祥源文旅相关公告 其在公告中进一步提及，"本次事件涉及的金融产品与祥源文旅及其参、控股子公司均无关，祥源文旅不承担任何兑付及担保义务，公司亦未为任何金融 理财 ...

Core Viewpoint - Xiangyuan Cultural Tourism emphasizes an "integrated investment and operation" strategy to enhance its core business and improve its sustainable operational and risk resistance capabilities [2] Investment Strategy - The company is actively seeking investment opportunities in high-quality cultural tourism assets [2] - It has established a presence in multiple regions across the country, focusing on major international tourism destinations [2] Key Tourism Assets - The company covers three major international tourism destinations: "Daxiangxi," "Dahuangshan," and "Dananshan" [2] - Key tourism projects include Qiyun Mountain, Bifeng Gorge, and Danxia Mountain, along with influential sites such as Fenghuang Ancient Town, Zhangjiajie Baolong Sky Ladder, Zhangjiajie Huanglong Cave, Hunan Mangshan Wuzhifeng Scenic Area, and Sichuan Wolong Giant Panda Base [2] Management Approach - The company employs a management model that includes entrusted management of over ten tourism scenic spots, such as Hefei Flower World, Hebei Baishi Mountain, and Guangxi Dayao Mountain [2] - The company encourages investors and their families to visit its scenic spots for vacation [2]