July 24，According to Shanghai Yanyang 188bet online sports betting (hereinafter referred to as securities abbreviation: Yanyang 188bet online sports betting，Security code: 871826.OC) releases the latest announcement，Yanyang 188bet online sports betting has recently passed the approval of the National Small and Medium Enterprises Share Transfer System，The transfer method is transfer by agreement，Will be officially listed on the New Third Board in the near future。

1.Main income comes from individual 188bet online sports betting groups，Comprehensive gross profit margin increases year by year

According to the latest announcement，Yanyang 188bet online sports betting was established on February 6, 2006，A group organization focusing on the development of tourism for the elderly，Accumulated rich experience in the elderly tourism market segment，Formed a unique business model。During the reporting period，Yanyang 188bet online sports betting 2015、The operating income in 2016 was 1309.700,000 yuan、2514.380,000 yuan，91 year-on-year increase.98%；Net profit is 145 respectively.650,000 yuan、532.040,000 yuan，265 year-on-year increase.29%。During the reporting period，The main operating income of Yanyang International Travel mainly comes from individual tourist groups、Three parts of commission income from car booking business and hotel booking。Among them，The main business is individual travel groups，Business proportion remains at around 58%。

During the reporting period，Yanyang 188bet online sports betting’s comprehensive gross profit margin increased from 22.53% increased to 30.60%。Main Department:

(1) Hotel reservation 188bet online sports betting started in 2015，188bet online sports betting scale increased in 2016，by 14.64% increased to 21.02%，At the same time, gross profit margin increased significantly，from 59.67% increased to 77.17%，As a result, the hotel booking commission 188bet online sports betting contributed significantly to the overall operating gross profit growth；

(2)simultaneously，Yanyang 188bet online sports betting has increased its marketing efforts for individual tourist group business，Resulting in a significant increase in individual travel business，The gross profit margin of individual travel group business has also increased。The gross profit margin of individual travel group business in 2016 increased from 14.17% increased to 15.94%，Slightly rising trend；

（3）In addition，During the reporting period，The share of Yanyang 188bet online sports betting’s car booking business in 2016 increased from 26.70% dropped to 20.18%，Gross profit margin for car booking increased slightly，by 20.54% increased to 24.83%，Comprehensive of two factors，The car booking business has the smallest contribution to the growth of comprehensive gross profit margin。

2.Based on the elderly tourist market，The upstream and downstream 188bet online sports betting industry chain system has initially formed

The main customers of Yanyang 188bet online sports betting are hotels and elderly tourists。Yanyang International Travel mainly relies on major eco-hotels、Cooperative relationship with local travel agencies and research and development capabilities of eco-tourism routes，Provide high-quality travel routes and services for domestic elderly tourists who want to experience special tourism；The main source of customers for the hotels mentioned above also comes from the elderly tourists recruited by the company，Therefore, elderly tourists are the main consumer group of Yanyang 188bet online sports betting。It is worth mentioning，In the hotel commission booking business，Among the 7 hotel customers that cooperate with Yanyang 188bet online sports betting，Related party relationship with Yanyang 188bet online sports betting，In this way to a certain extent，Provides Yanyang 188bet online sports betting with upstream resource guarantee for hotel booking，Conducive to the formation of upstream and downstream industrial chain relationships。

The report provides an explanation on the upstream and downstream industrial chain relationships arising 188bet online sports betting related party transactions:

During the reporting period，The revenue and gross profit generated from related transactions of Yanyang International Travel are relatively high，Related transaction income mainly includes hotel booking commission income and car booking business，The reason for the above business: some of the company's affiliated hotels focus on providing accommodation suitable for the consumption characteristics of the elderly、Catering and leisure and entertainment services，There is a need to develop guest sources。In addition，The company has focused on the elderly tourism market in recent years，Carry out targeted marketing activities for the elderly tourism market，Accumulated a large number of customer resources。In view of this，The company agrees with the partner hotel，The company introduces elderly tourism and vacation customers to partner hotels，The partner hotel pays the company a booking commission。At the same time，The company’s cooperative hotels are to attract customers，We will organize some elderly tourists to visit partner hotels、Experience activities，Due to organizing long-distance travel by tour bus，Belongs to group behavior，Must be entrusted to a qualified travel agency，So the partner hotels usually entrust Yanyang 188bet online sports betting to book buses to transport the above passengers to the partner hotels，Thus the company obtains revenue from the car booking business。

From the perspective of the reasons for related transactions，The above-mentioned related transactions are market-oriented cooperation behaviors carried out by the company and its partner hotels based on their own 188bet online sports betting development needs，is the upstream and downstream relationship of the industrial chain，Conducive to achieving their respective 188bet online sports betting goals，Commercially reasonable。

Judging from the transaction amount，The company’s related-party transactions in 2016 were approximately 993.510,000 yuan，Gross profit margin is about 518.270,000 yuan，After excluding this part of gross profit，The company achieved non-related 188bet online sports betting income of 1520 in 2016.880,000 yuan，Achieve non-related gross profit 251.180,000 yuan，Deduct all taxes、Net profit after expenses etc. 13.770,000 yuan，Visible，Still capable of facing the market。

3.The elderly 188bet online sports betting market has huge potential，has become the most potential blue ocean market

Data released by the National 188bet online sports betting Statistics Bureau，As of the end of 2016，my country’s population over 60 years old has risen to 2.300 million，Proportion 16.7%，That is, one sixth of China’s population consists of the elderly。According to international practice，The elderly population over 60 years old in a country or region accounts for 10% of the total population，It means that the population of this country or region is in an aging society。

Data display from "China's Aging Industry Development Report (2014)"，2014-2050，The consumption potential of China’s 188bet online sports betting population will increase from about 4 trillion to about 106 trillion，The proportion of GDP will increase from about 8% to 33%，It is the country with the greatest market potential for the aging industry in the world。current，China’s aging industry development policy environment is good，Market demand is gradually released，Market supply continues to expand，Social forces are increasingly enthusiastic about participating in the aging industry，Using unprecedented development opportunities。

Currently，Our country has entered the era of mass tourism，The tourism market is getting bigger and bigger。In the huge 188bet online sports betting group，The proportion of elderly tourists has increased significantly。A survey by the National Committee on Aging shows，Currently, the number of elderly tourists in my country accounts for more than 20% of the total number of tourists in the country every year，This group has a stronger willingness to 188bet online sports betting than the average。In addition，Disposable income increases year by year、More free time、Good health，These factors have stimulated the growth of 188bet online sports betting demand among the elderly，Making senior tourism the most potential blue ocean market in the current tourist segment。