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August 18, 2017，Jiangsu Yiyiquou Network Co., Ltd. (hereinafter referred to as securities abbreviation: Yiyiququ，Stock code: 837096.OC) releases 2017 semi-annual report:During the reporting period，Realized revenue 1.8.4 billion yuan，up 26 year-on-year.15%；Realized net profit-1460.970,000 yuan，Loss increased by 15% year-on-year.32%。

To express together: During the reporting period，Compared to the same period last year，The main reason why the company's operating income has not increased significantly. In 2017, the company took "achieving breakeven as soon as possible" as its primary goal and implemented it。In terms of product supply，Strict requirements for risk control management of underwritten/prepaid products，For high-risk products, procurement personnel are required to participate in advance financing and bear the profits and losses in proportion；atChannel expansion，Resolutely abandon channels with high commissions, high fees and high traffic costs，Vigorously promote the business development of independent traffic vacation cloud platform；In terms of operational assessment，Abandon the practice of simply assessing business income，On the one hand, assess business gross profit，On the other hand, it also considers the labor costs directly related to the business、Allocate operating costs to business departments to assess their true profitability。

During the reporting period，One Piece’s main business is mainly domestic and overseas business，Among them, domestic and peripheral tourism business achieved revenue 1.4.7 billion yuan，Slight increase compared with the same period last year；Gross profit increased by 29% compared with the same period last year.27%；Net profit-799.390,000 yuan，Significant increase 31.64%。Also，The outbound tourism business is still in the development and investment period during the reporting period，The outbound travel business team was established by two wholly-owned subsidiaries, Beijing Yiyiqu (International) Travel Agency and Changzhou Yiyiqu International Travel Agency Co., Ltd. (acquired and renamed in October 2016)，Changzhou Yifangqu was approved for outbound business qualification in May this year，At the same time, the industry was also in a relatively off-season in the first half of 2017 and affected by political events in South Korea, related Northeast Asian products were unsaleable。Let’s express this together，With the maturity and improvement of the company’s Southeast Asian line products，And the arrival of the relative peak season for the industry in the second half of the year，It is expected that the outbound tourism business will achieve basic breakeven in 2017。

2.Recognized by the capital market for its high growth potential，Successfully shortlisted for the innovation level of the New Third Board

According to Zhihui’s understanding，One Piece was established in 2012，And successfully listed on the New OTC Market through agreement transfer on May 20, 2016，According to the "Public Transfer Instructions": Go together to focus on peripheral tourism、A national Internet travel 188bet app download service provider in the leisure and vacation field，Has online sales capabilities of more than 80,000 travel products (SKUs)，Covering more than 7,000 domestic scenic spots、More than 10,000 resort hotels，For self-driving、Provide high cost performance for white-collar workers and mid-to-high-end family users traveling by intercity transportation、Distinctive features、Scenic spot tickets with considerate service、Resort hotels and surrounding tour packaged products。Let’s build a website together、APP APP，And cooperate with major mobile Internet traffic entrance platforms，Develop tourist users。The source of income is selling tourism products to tourists，Earn profit from product price difference。

According to the regulations on entering the innovation layer standard (2) issued by the New Third Board: operating income has increased continuously in the past two years，And the average annual compound growth rate is not less than 50%；The average operating income in the past two years is not less than 40 million yuan；The share capital is not less than 20 million shares。Judging from the data disclosed over the years，In 2016-2015, the average revenue for two consecutive years was 3.6.8 billion yuan，The compound growth rate of revenue in the past two years is 776.91%，The total share capital is 49.12 million shares，Meet the criteria for entering the innovation layer of the New Third Board (2)，Therefore，Together we will become the second batch of (tourism) companies entering the innovation level on May 30, 2017。Listed companies enter the innovation level，It is for the growth of listed companies、Recognition and affirmation in many aspects such as innovation，Fully demonstrated our innovative and steady development model and strong growth potential。

3.Establish a scenic spot operation and hosting business team，The layout 188bet app download cuts into the tourist attractions of Shandong Province (Peninsula)

On December 7, 2016，Let’s go together to establish a wholly-owned subsidiary, Shandong Yijinghui Tourism Development Co., Ltd. in Weihai City, Shandong Province，Formally established a scenic spot operation and hosting business team。During the reporting period，Yijinghui and Tongchewan Leisure Scenic Area (4A)、Shandong Sanggou Bay Marine Ranch、Tangbo Hot Spring Resort (4A)、Taiyihu International Winery Ecological Cultural Tourism Zone、Shimenfang Scenic Area and other 5 scenic spots signed a scenic area hosting cooperation agreement。Let’s try to operate scenic spots through these hostings、Hotel、Travel destination，Diversion of massive tourists from offline to online，Complete the overall layout of online, offline and core tourism resources in the tourism industry，Enter the profit stage while achieving revenue of 1 billion in 2018，Lay a solid foundation for subsequent large-scale expansion。

Meanwhile，During the reporting period，Together we are determining the targets for the third stock offering launched on December 30, 2016，The stock price for this fundraising is 12.00-14.00 yuan/share，It is expected that no more than 8 million shares will be issued，Raised funds shall not exceed 1.1.2 billion yuan，The purpose of this issuance is to expand the cooperative operation projects of scenic spots、Expand outbound tourism projects in neighboring countries and supplement working capital，Improve the company’s profitability and risk resistance。

Think together: In order to take the initiative in market competition、Avoid falling into homogeneous competition，In addition to planning various differentiated services and products，Proactively cooperate with scenic spots to plan surrounding travel themed activities、Design and create tourism products or activities with independent 188bet online sports betting IP or shared IP，Hosted operation scenic spot、Resort hotels are the only way to go。

Together we plan to sign contracts with 10-20 scenic spots in 2017、Host operation of resort hotel、Cooperation，Create competitive tourism products and services based on these cooperatively operated tourism projects，Use unique themed tourism experiences to attract tourists and improve gross profit margin，It is expected that the gross profit margin of cooperatively operated tourism products will reach more than 15%，will greatly improve the current comprehensive gross profit margin of only 3.72% current situation，Accelerate the pace of turning losses into profits。

Of course，We also face many real risk issues: for example, the asset-liability ratio was as high as 79 during the reporting period.36%，16 percentage points higher than the same period；Weaker profitability，Net profit realized during the reporting period was -1460.970,000 yuan，In a state of continuous loss；Although during the reporting period，Following hotel resort business，Ticket business has become another major business segment that opens up sales channels to peers，But in terms of market competition，With the Ticket Butler、Lvmama and others have a high degree of overlap in their business models，Fierce competition for online traffic。Also，During the reporting period，The number of employees at the beginning of the period reduced from 237 to 183，There is potential talent competition and risk of loss。