Hainan Jinlvju plans to apply for delisting from the New Third Board,Performance has been unstable in recent years

Cultural 188bet online sports betting Benefits Author of this article: Han Bing 2019-01-18
188bet online sports betting’s performance declined sharply in 2017,Revenue decreased by 38% year-on-year.79%,Net profit plummeted by 85% year-on-year.58%。

January 17,Hainan Jinlvju Resort Group Co., Ltd. (hereinafter referred to as "Jinlvju" Securities Code: 835658) announced,According to the needs 188bet online sports betting company’s business development and long-term strategic planning adjustments,At the same time, in order to better maximize the interests 188bet online sports betting company and all shareholders,After careful consideration,The company plans to apply for the termination of listing of its stocks on the National Equities Exchange and Quotations。

Announcement display,188bet online sports betting plans to submit an application for termination of listing to the National Equities Exchange and Quotations within 10 transfer days after the general meeting of shareholders considers and approves matters related to the termination of stock listing。

In recent years,Jinlvju’s performance is not stable,The company’s operating income from 2015 to 2017 was 2,286.800,000 188bet online sports betting、3,067.170,000 188bet online sports betting、1,877.570,000 188bet online sports betting,The net profit attributable to shareholders of the listed company is 76.710,000 188bet online sports betting、649.20,000 188bet online sports betting、93.660,000 188bet online sports betting。The company’s performance declined sharply in 2017,Revenue decreased by 38% year-on-year.79%,Net profit plummeted by 85% year-on-year.58%。Jin Luju explained,The sales volume of the Golden Sojourn Card launched by the company in the second half of 2015 has increased significantly,Confirmed increase in naturalization fees resulting in increased revenue, Over 600 residence cards were sold in the same period last year,Realize naturalization income for the company 1,935.380,000 188bet online sports betting;The sales of this period’s residence cards are only 85 pieces。The decrease in the number of residence cards compared with the same period last year caused a significant decrease in operating profit。

Judging from the situation in the first half of 2018,Financial report display,During the reporting period,Company operating income 508.090,000 188bet online sports betting,891 compared with the same period last year.180,000 188bet online sports betting reduced by 382.090,000 188bet online sports betting,Reduction ratio is 42.92%;Net profit attributable to shareholders of the listed company 8.550,000 188bet online sports betting,21 compared with the same period last year.010,000 188bet online sports betting,Decreased by 59 year-on-year.31%。Jin Luju said,The decline in performance is mainly due to the decrease in business service income and membership fee income compared with the same period last year。

As understood,Jinlvju uses the residence card as a link to promote residence life services,Residence card income consists of naturalization fees and rights usage fees,The naturalization fee of 30,000 188bet online sports betting will be confirmed when the card is sold,Suspended advance payment for rights usage fees,Recognize the corresponding main business income and costs when they occur in the future。

The peak tourist season in Hainan is from October 188bet online sports betting current year to March 188bet online sports betting following year,By selling residence cards,The company’s main business income depends on the sales ability 188bet online sports betting business team and no longer relies on the increase in seasonal travelers,So using residence cards as the main business income solves the problem of obvious seasonality 188bet online sports betting company’s operating income,But due to the preference of cardholders for traveling in Hainan,The company’s operating costs are still seasonal,That is, during the peak tourist season, the number of residential customers increases and the main business costs increase compared with normal times。

Public information display,Jinlvju was listed on the New OTC Market on January 20, 2016,The main business is boutique hotels in Hainan Island、Relying on vacation apartment,Form a living service base,Use the 188bet online sports betting a link,Technical means combined with Internet+、Careful service and life coaching from life assistant,Eat around、Live、row、游、Purchase、Entertainment integrates upstream and downstream alliance merchants,Introducing Hainan’s high-quality regional ecological resources,Is a migratory bird-style elderly care customer、Sojourn-style elderly care customers and age-appropriate sojourn enthusiasts across the country、Providing new comprehensive residence life services to residential customers。

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