Benefit news on April 11th，Tibet Sky Travel, Tibet’s first NEEQ 188bet Online Sports Betting and Casino company, released its 2016 financial announcement，Financial report display，188bet Online Sports Betting and Casino achieved operating income of 3247 in 2016.20,000 yuan，YoY growth 59.39 %；Operating cost 3071.50,000 yuan，70 year-on-year increase.19%，Accounting for 94% of revenue.59%，Operating profit dropped significantly by 741 compared with 2015.74%，Last year’s revenue to cost ratio was 88.59%；Gross profit margin is 5.41%，Compared to 2015 11.41% gross profit margin dropped significantly；Non-operating income 1.02 million，Mainly the government’s listing subsidy after listing。

Due to the decrease in gross profit margin，Concurrent management fees、Sales expenses、Financial expenses maintain rapid growth，The company’s losses continued to expand in 2016，by 53 in 2015.50,000 expanded to 358 in 2016.10,000 yuan，Net profit decline rate in 2016 was 568.77%，-405 in 2015.54%。188bet Online Sports Betting and Casino stated in the announcement，In order to expand market share in the past year，Estimated reception volume before peak season，The company has contracted some hotel rooms、Booked some operating tourist vehicles，The relative price is higher in the early stage，Correspondingly in order to meet the hotel room occupancy rate and vehicle availability，Also received some lower-priced groups，New line product，The estimated cost and passenger volume for a single group are insufficient，Making a single group’s profit a partial loss，Coupled with the sharp increase in administrative expenses and sales expenses，The above factors resulted in a significant decline in profits during the reporting period。

The main business of 188bet Online Sports Betting and Casino Tianlv is centered on the traditional travel agency business，Has customization of 188bet Online Sports Betting and Casino service products in Tibet、Sales and hotel reservations，Providing customers with organization、Planned group formation、Group departure、Hotel reservation、Processing of Border Defense Permit and Tibet Entry Letter、Comprehensive travel services such as itinerary arrangement, etc.。Business operations，Tibet Tianlv 188bet Online Sports Betting and Casino business is divided into wholesale business and retail business，Adopt two methods of individual sales and single group sales，The former product is designed in advance，The latter requires customized products，The main source of income is the wholesale and retail of 188bet Online Sports Betting and Casino business。

May 9 last year，Tibet Tiankang 188bet Online Sports Betting and Casino Co., Ltd. was successfully listed on the National Equities Exchange and Quotations (Securities abbreviation: Tibet Tianlv)，Security code: 837206)，Became the first Tibetan local 188bet Online Sports Betting and Casino company to be listed on the New OTC Market。October 17th of that year,The company issued 1 million new shares, Listed on the National Equities Exchange and Quotations and publicly transferred。

January 1, 2016，188bet Online Sports Betting and Casino and Tibet Media Group signed a strategic cooperation agreement，Upgrade the original 67 kiosks in Lhasa city，Built into a “Tibet Smart Life Station”，That is, "Tibet Station"。Free wifi provided，Free charging，Limited time oxygen inhalation and other landing services required by tourists，And match the corresponding products according to the needs of local people，Integrated with its own e-commerce platform，Build Internet + 188bet Online Sports Betting and Casino Station O2O closed-loop model，Establish your own service standard system，Provide a powerful consultation platform for tourists and local residents when traveling，At the same time, it will better serve 188bet Online Sports Betting and Casino’s sustained and healthy economic and social development and long-term peace and stability。

Currently，Tibet Sky Travel is consolidating its traditional 188bet Online Sports Betting and Casino business，With the support of the science and technology department，The construction of "VR Virtual 188bet Online Sports Betting and Casino Experience Center" has been launched on May 8, 2016，Concentrated display of various 188bet Online Sports Betting and Casino resources and products in Tibet，Use new technologies such as VR to develop virtual travel experiences，Launching plateau “microbaric oxygen chamber” and “360-degree panoramic experience hall” projects，Become a display of "holy place on earth"、New windows and new channels for "188bet Online Sports Betting and Casino in the Sky"。

*The author of this article: 188bet Online Sports Betting and Casino Analyst_Wang Yanchao (Wechat:wangdayan110)，Welcome to follow and communicate!