Message on April 21st，Today Baicheng Travel (836925), “China’s No. 1 outbound tourism O2O stock”, released its 2016 annual report: operating income 5.4.8 billion yuan，83 year-on-year increase.69%；Gross profit 3944.580,000 yuan，86 year-on-year increase.02%；Net profit-4510.810,000 yuan。

2016，Baicheng Travel continues to increase investment in R&D，The "departure + destination" two-wheel drive strategy is fully implemented，Destination business has achieved explosive growth，Income 1.3.1 billion yuan，An increase of 470 compared with the same period last year.45%，Becoming a new profit growth point for Baicheng Travel。

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Annual report display，Baicheng Tourism’s many important indicators showed a growth trend in 2016。Among them，Operating income 5.4.8 billion yuan，83 year-on-year increase.69%；155 outbound service passengers.240,000，80 year-on-year increase.56%。In addition，Overall average gross profit margin 7.19%，The monthly gross profit margin has gradually increased to 11% at the end of the reporting period。

Without large-scale market investment，accumulated by word of mouth、Customer stickiness、Service experience and other factors have achieved natural high growth in the above indicators，It shows that the scale effect of Baicheng Tourism is gradually being released。Data display from Huabei New OTC Market Research Institute，Baicheng Travel’s operating income has increased by more than 60% for three consecutive reporting periods。(see picture below)

Baicheng Travel’s operating income growth trend chart in recent years

On the one hand, the loss rate continues to decline，On the other hand, revenue growth has further improved，The profit trend of Baicheng Travel is becoming increasingly obvious。

The effect of "two-wheel drive" is highlighted，Destination services become a new profit growth point

Baicheng Travel is mainly engaged in online visa processing business、Destination Services，Travel vacation services and corporate international business travel business。Annual report display，Baicheng tourist visa and destination business have grown significantly，Especially destination 188bet online sports betting business，has achieved explosive growth，Becoming a new profit growth point for Baicheng Travel。

2016，Baicheng tourist visa business income 2.9.4 billion yuan，Growth 63.88%，Served 90 people.070,000，Growth 62.93%；Destination business income 1.3.1 billion yuan，Increase 470.45%，Served 51 people.140,000，Increase 164.77%。The high growth of visa and destination business further validates the commercial vitality of the company’s “origin + destination” two-wheel drive strategy。

Baicheng Travel has served more than 3 million outbound tourists，Relying on the first-mover advantage in the visa field and innovative business models, it has gradually formed a differentiated competitive advantage in the outbound tourism segment。

Cubei New OTC Market Research Institute data display，Xinbaicheng was established in 2012，Has accumulated 5 years of outbound travel experience。April 2016，Baicheng Travel officially landed on the New Third Board，The media calls it “China’s first outbound tourism O2O stock”。2017，Baicheng Travel will continue to be the outbound tourism entrance based on visa business，Using the concept of "one generation serves one generation"，Closely surround the post-80s generation、The needs of emerging consumer groups represented by the post-90s generation，Gradually realize the transformation from 188bet Online Sports Betting and Casino "travel service" (professional visa processing service) to "travel service" (departure place、Full coverage of destination travel elements) and then to "outbound consumption services" (extended to overseas property purchases、Education、Elderly Care、Industrial upgrade of diversified consumption platforms such as medical beauty，Ultimately build Baicheng into a global Chinese overseas travel service brand。

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