<p>（第一财经）12 月 9 日——尽管浙江太阳河文化、安徽交建股份和海昌海洋公园控股三家中国公司否认与其控股股东太阳河控股集团的金融产品赎回丑闻有关，但其股价仍大幅下跌。</p>
<p>截至今天下午 1 点 10 分，太阳河文化 [SHA: 600576] 的股价下跌了 6.4%，昨日下跌了 3.6%。交建股份 [SHA: 603815] 昨天和今天均跌至 10% 的日跌停。海昌海洋公园 [HKG: 2255] 今天下跌了 7%，昨日下跌了 3.8%。</p>
<p>太阳河集团与房地产合作项目相关的金融产品支付出现了一些延迟，公司及其实际控制人余法祥对支付义务承担连带责任，三家上市公司在 12 月 7 日宣布，澄清与此事无关。</p>
<p>“过去，房地产销售可以达到 200 亿到 300 亿人民币（28 亿到 42 亿美元），” 太阳河集团执行总裁沈宝山对投资者表示。“由于公司文化旅游业务的利润微薄，房地产是其主要利润来源。”</p>
<p>太阳河集团支持的公司在昨天与投资者的会议上承认，他们借新债偿还旧债，因为资本链已经断裂，价值 300 亿人民币的房地产资产未能出售，第一财经从投资者处获悉。</p>
<p>太阳河集团的资产约为 600 亿人民币，负债约为 400 亿人民币，这表明支付没有问题，但核心问题在于现金流，沈早前表示。</p>
<p>投资者预计他们在浙江浙金资产运营平台上购买的太阳河集团财富管理产品的年化收益率为 4% 至 5%。其中一位投资者声称仍有 550 万人民币（77.8 万美元）的本金尚未到期。</p>
<p>根据浙金资产运营的产品注册表，太阳河集团待赎回的资金总额已超过 100 亿人民币。它们大多在今年年底和明年第一季度到期。</p>
<p>涉及金融产品的卖方绍兴承旭和债务人十堰太阳河太极湖房地产是太阳河控股的关联公司，依据浙金资产运营的信息。它们由太阳河集团和余法祥提供连带担保。</p>
<p>根据报告，太阳河集团的合同销售额从 2023 年的 64 亿人民币（9.05 亿美元）下降到去年的 36 亿人民币，今年上半年仅为 12 亿人民币。</p>
<p>太阳河集团花费约 23 亿港元（2.957 亿美元）收购海昌海洋公园并成为其控股股东。海昌海洋公园在过去三年中遭受亏损，总亏损超过 23 亿人民币。</p>
<p>与此同时，太阳河文化在过去五年中仅报告净利润 3.7 亿人民币（5230 万美元）。</p>
<p>根据金融数据提供商 Wind Information，太阳河文化的质押比例为 95.6%，交建股份前四大股东的质押比例为 83%。</p>
<p>编辑：Futura Costaglione</p>

交建股份

<p>浙江太阳河文化、安徽交建股份和海昌海洋公园控股的股票大幅下跌，尽管它们否认与太阳河控股集团的财务赎回丑闻有关。太阳河集团面临现金流问题，拥有 600 亿元资产和 400 亿元负债。投资者期待太阳河的财富管理产品能获得回报，但赎回延迟仍在持续。太阳河的房地产销售大幅下降，影响了其财务稳定性</p>

<p>(Yicai) Dec. 9 -- Shares of Zhejiang Sunriver Culture, Anhui Gourgen Traffic Construction, and Haichang Ocean Park Holdings plunged despite the three Chinese firms denying they are involved in the financial product redemption scandal of their controlling shareholder Sunriver Holding Group.</p>
<div class="lb-trans"><p>（第一财经）12 月 9 日——尽管浙江太阳河文化、安徽交建股份和海昌海洋公园控股三家中国公司否认与其控股股东太阳河控股集团的金融产品赎回丑闻有关，但其股价仍大幅下跌。</p>
</div><p>Sunriver Culture [SHA: 600576] was trading down 6.4 percent as of 1.10 p.m. today, after plunging 3.6 percent yesterday. Gourgen Traffic [SHA: 603815] dropped by the 10 percent daily trading limit both today and yesterday. Haichang Ocean Park [HKG: 2255] has fallen 7 percent today, after dropping 3.8 percent yesterday.</p>
<div class="lb-trans"><p>截至今天下午 1 点 10 分，太阳河文化 [SHA: 600576] 的股价下跌了 6.4%，昨日下跌了 3.6%。交建股份 [SHA: 603815] 昨天和今天均跌至 10% 的日跌停。海昌海洋公园 [HKG: 2255] 今天下跌了 7%，昨日下跌了 3.8%。</p>
</div><p>There have been some delays in the payment of the financial product linked to a real estate cooperation project of Sunriver Group, and the company and its actual controller Yu Faxiang bear joint and several liability for the payment obligations, the three listed firms announced on Dec. 7, clarifying that they have nothing to do with the matter.</p>
<div class="lb-trans"><p>太阳河集团与房地产合作项目相关的金融产品支付出现了一些延迟，公司及其实际控制人余法祥对支付义务承担连带责任，三家上市公司在 12 月 7 日宣布，澄清与此事无关。</p>
</div><p>“In the past, real estate sales could reach CNY20 billion to CNY30 billion (USD2.8 billion to USD4.2 billion),” Shen Baoshan, executive president of Sunriver Group, told investors. “As the profit margin of the company’s cultural tourism business was meager, real estate was its main source of profit.”</p>
<div class="lb-trans"><p>“过去，房地产销售可以达到 200 亿到 300 亿人民币（28 亿到 42 亿美元），” 太阳河集团执行总裁沈宝山对投资者表示。“由于公司文化旅游业务的利润微薄，房地产是其主要利润来源。”</p>
</div><p>Sunriver Group-backed firms admitted at a meeting with investors yesterday that they had borrowed new loans to repay old debts, as the capital chain has broken, with real estate assets worth CNY30 billion failing to sell, Yicai learned from investors.</p>
<div class="lb-trans"><p>太阳河集团支持的公司在昨天与投资者的会议上承认，他们借新债偿还旧债，因为资本链已经断裂，价值 300 亿人民币的房地产资产未能出售，第一财经从投资者处获悉。</p>
</div><p>Sunriver Group has about CNY60 billion in assets and about CNY40 billion in liabilities, which shows there are no problems with payments, but the core issue lies in the cash flow, Shen said earlier.</p>
<div class="lb-trans"><p>太阳河集团的资产约为 600 亿人民币，负债约为 400 亿人民币，这表明支付没有问题，但核心问题在于现金流，沈早前表示。</p>
</div><p>Investors expect annualized returns of 4 percent to 5 percent on the wealth management products of Sunriver Group they bought on financial asset trading platform Zhejiang Zhejin Asset Operation. One of them claims there is still CNY5.5 million (USD777,970) of principal that has not yet matured.</p>
<div class="lb-trans"><p>投资者预计他们在浙江浙金资产运营平台上购买的太阳河集团财富管理产品的年化收益率为 4% 至 5%。其中一位投资者声称仍有 550 万人民币（77.8 万美元）的本金尚未到期。</p>
</div><p>According to the product registration form on Zhejin Asset Operation, the total amount of Sunriver Group funds awaiting redemption has exceeded CNY10 billion. They mostly expire between the end of this year and the first quarter of next year.</p>
<div class="lb-trans"><p>根据浙金资产运营的产品注册表，太阳河集团待赎回的资金总额已超过 100 亿人民币。它们大多在今年年底和明年第一季度到期。</p>
</div><p>Shaoxing Chengxu, the seller of the involved financial product, and the debtor, Shiyan Sunriver Taijihu Real Estate, are affiliated companies of Sunriver Holding, per information on Zhejin Asset Operation. They are guaranteed by Sunriver Group and Yu Faxiang with joint and several liability.</p>
<div class="lb-trans"><p>涉及金融产品的卖方绍兴承旭和债务人十堰太阳河太极湖房地产是太阳河控股的关联公司，依据浙金资产运营的信息。它们由太阳河集团和余法祥提供连带担保。</p>
</div><p>Sunriver Group’s contracted sales dropped from CNY6.4 billion (USD905.3 million) in 2023 to CNY3.6 billion last year, and they were only CNY1.2 billion in the first half of this year, according to reports.</p>
<div class="lb-trans"><p>根据报告，太阳河集团的合同销售额从 2023 年的 64 亿人民币（9.05 亿美元）下降到去年的 36 亿人民币，今年上半年仅为 12 亿人民币。</p>
</div><p>Sunriver Group spent about HKD2.3 billion (USD295.7 million) to buy Haichang Ocean Park and become its controlling shareholder. Haichang Ocean Park has suffered losses for the past three years, with total losses of over CNY2.3 billion.</p>
<div class="lb-trans"><p>太阳河集团花费约 23 亿港元（2.957 亿美元）收购海昌海洋公园并成为其控股股东。海昌海洋公园在过去三年中遭受亏损，总亏损超过 23 亿人民币。</p>
</div><p>Meanwhile, Sunriver Culture has reported net profits of only CNY370 million (USD52.3 million) in the past five years.</p>
<div class="lb-trans"><p>与此同时，太阳河文化在过去五年中仅报告净利润 3.7 亿人民币（5230 万美元）。</p>
</div><p>The pledge ratio of Sunriver Culture is 95.6 percent, and that of the top four shareholders of Gourgen Traffic is 83 percent, according to financial data provider Wind Information.</p>
<div class="lb-trans"><p>根据金融数据提供商 Wind Information，太阳河文化的质押比例为 95.6%，交建股份前四大股东的质押比例为 83%。</p>
</div><p>Editor: Futura Costaglione</p>
<div class="lb-trans"><p>编辑：Futura Costaglione</p>
</div>

尽管三家中国公司否认参与控制者 Sunriver 的赎回丑闻，其股价仍然下跌