Across three years、Seven attempts to sell subsidiary Fengyuyan Company failed，July 3，Guilin 188bet mobile login Co., Ltd. (referred to as "Guilin 188bet mobile login") announced again，Guizhen Company, the only real estate development company among the subsidiaries planned to be sold，The proposed listing price is 5992.300,000 yuan。Guilin 188bet mobile login information，If the first listing fails，Will be relisted at a discount。

Guilin 188bet mobile login landed on the A-share market in 2000，It is the first listed 188bet mobile login company in Guangxi Zhuang Autonomous Region，Currently the business covers scenic area operations、Passenger transport、Hotel、Travel agencies, etc.。What’s worth paying attention to，2018，Responsible for operating the above-mentioned sectors among the subsidiaries of Guilin 188bet mobile login，More than half of the companies are losing money，Guilin 188bet mobile login is also divesting non-performing assets，And try the waters of 188bet mobile login and performing arts。Expert analysis，188bet mobile login performing arts with strong profitability may become a new business growth point for Guilin 188bet mobile login。

Sell subsidiary at high premium，The impact on net profit in 2019 may be negative

July 5，Guilin 188bet mobile login Announcement，Planned to transfer 65% equity of Guilin Guizhen Investment Real Estate Co., Ltd. (referred to as "Guizhen Company") through public listing on the Equity Exchange，The main assets of Guizhen Company include inventory goods (residential) and investment real estate。

The above assets have already been pledged to Guilin Bank，June 27，Guizhen company returned the bank loan，Start the pledge release procedures，As of July 3rd，The procedures have not been completed yet。

According to the evaluation of Zhongjing Minxin (Beijing) Asset Appraisal Co., Ltd.，As of the end of the first quarter of this year，The assessed value of the underlying assets is approximately 5992.300,000 yuan，Original value increase of book assets 3645.870,000 yuan，Value-added rate 155.38%。

Although the third-party appraisal agency gave the underlying asset a high premium appraisal，But even if sold at appraised value，It will not bring positive profits to Guilin 188bet mobile login。Guilin travel estimate，If the first listing price is 5992.300,000 yuan transaction，Guilin 188bet mobile login’s net profit in 2019 still lost 87%.710,000 yuan；If the second listing is implemented，And at 90% of the first listing price，i.e. 5393.070,000 yuan transaction，Guilin 188bet mobile login’s net profit loss in 2019 was 352.270,000 yuan。

Guilin 188bet mobile login information，Public transfer of Guizhen company，It is to clean up property-related assets or business，For future capital operations。

Among the 11 subsidiaries of Guilin 188bet mobile login，Guizhen Company is the only real estate company。But in recent years，Guilin 188bet mobile login’s disposal of assets is not limited to real estate。

Since 2017，Guilin 188bet mobile login has been selling 51% of the equity and debt of another subsidiary, Guilin Lipu Fengyuyan 188bet mobile login Co., Ltd. (referred to as "Fengyuyan Company")。Fengyuyan Company is the operating company of Fengyuyan Cave Scenic Area，Guilin 188bet mobile login has publicly announced 10 core competitiveness，Including the 50-year operating rights of Fengyuyan Scenic Area。Even so，2017 to present，After 7 listing transfers，Several price reductions during this period，No one cares about Fengyuyan Company。According to asset appraisal report，As of the end of 2018，The evaluation value of Fengyuyan Company is -300.770,000 yuan。

Over half of the subsidiaries suffered losses last year，Product system and resource development to be upgraded

Sale of assets is a helpless move for Guilin 188bet mobile login，It is also a profile of its business dilemma。

According to Beijing News reporter statistics，2018，Among the 11 subsidiaries of Guilin 188bet mobile login，Except Guizhen Company，The other 10 companies are all 188bet mobile login companies。Among these 10 companies，Only 4 companies were profitable in 2018，The profits of some subsidiaries are less than one million，6 companies suffered losses，Some subsidiaries have suffered losses for two consecutive years。Among them，2017 and 2018 two years，Guilin Zijiang Danxia 188bet mobile login Co., Ltd. lost 1737 each.760,000 yuan、1772.020,000 yuan；Guilin 188bet mobile login Auto Transport Co., Ltd. lost 1407 each.110,000 yuan、813.700,000 yuan；Guilin Luoshan Lake 188bet mobile login Development Co., Ltd. lost 1163 each.700,000 yuan、930.390,000 yuan。

According to introduction，Except Guilin Yicheng 188bet mobile login Co., Ltd. and Guilin Luoshan Lake 188bet mobile login Development Co., Ltd.，The number of receptions of other loss-making companies in 2018 declined。Among them，The one that declined more was Guilin 188bet mobile login Auto Transport Co., Ltd.，Received a total of 67 tourists in 2018.410,000 people，Decreased by 21% year-on-year.11%。The reason is the year-on-year increase in tourist passenger vehicles in Guilin，Divided the passenger flow。

The above-mentioned loss-making subsidiary，The business mainly involves the operation of scenic spots、188bet mobile login Transportation、Traditional 188bet mobile login projects such as hot springs and sports leisure。

Zhou Mingqi, founder of Jingjian Think Tank, thinks，Overall，Guilin has many 188bet mobile login resources、Good quality，is an internationally renowned tourist destination，Everyone knows that “Guilin’s landscape is the best in the world”。But local 188bet mobile login development lags behind，Far behind places like Hangzhou、Sanya and other major domestic tourist cities，“Guilin still needs to make up a lot of lessons”。He pointed out，Many tourist projects and facilities in the main urban area of ​​Guilin are basically from more than ten years ago，For example, one of the major 188bet mobile login projects, "Two Rivers and Four Lakes", was built after 2000，The overall appearance of the urban tourist landscape is also relatively outdated。

Zhou Mingqi’s analysis，From a business perspective，Although Guilin 188bet mobile login’s revenue and profits are not high，But the scenic spot assets currently in our hands are of very high quality，It can almost be said that we have mastered the most representative Guilin 188bet mobile login resources。One of the more obvious problems is that the development of many tourist attractions is still relatively rudimentary，Cannot meet the vacation needs of mid- to high-end tourists，Resulting in various elderly groups、The proportion of low-priced tours is too large，The entire product system and resource development are in urgent need of iterative upgrades。If Guilin 188bet mobile login can rely on scarce 188bet mobile login resources，Create several high-quality cultural 188bet mobile login projects with unique local characteristics，Reshaping the domestic 188bet mobile login benchmark，There should be greater room for development in the future。

A new 188bet mobile login and performing arts project hastily launched, but it has not yet been implemented

The traditional 188bet mobile login business collapsed on a large scale，Guilin 188bet mobile login is also seeking new profit growth points。Guilin 188bet mobile login aims to be 65 kilometers away from Guilin City，Yangshuo, about an hour’s drive away，Yangshuo is the venue for China’s first real-life landscape performance "Impression·Liu Sanjie"。Guilin 188bet mobile login is trying to develop 188bet mobile login and performing arts。

Guilin 188bet mobile login first tried 188bet mobile login and performing arts in 2015，September of that year，Guilin 188bet mobile login invested 60 million yuan and Songcheng Performing Arts Development Co., Ltd. to jointly establish Guilin Lijiang Eternal Love Performing Arts Development Co., Ltd. (referred to as "Lijiang Eternal Love Company")，Mainly create the "Eternal Love of Lijiang River" performing arts project。2018，Guilin 188bet mobile login invests another 121.5 million yuan in Lijiang Eternal Love Company。As of now，Guilin 188bet mobile login holds 30% equity of Lijiang Eternal Love Company。

The first phase of the "Lijiang Eternal Love" performing arts project was completed in July 2018，And put into performance at the end of the month。Performing for 5 months，Lijiang Eternal Love Company made profit in its first year，Achieve 71.Net profit of 300,000 yuan。

Taste the sweetness，Guilin 188bet mobile login bets again on 188bet mobile login and performing arts。November 2018，Guilin 188bet mobile login established Guilin Vivid Lotus Performing Arts Development Co., Ltd. (referred to as "Vivid Lotus Company")，Mainly responsible for the construction and operation management of the "Jing SHOW·Vivid Lotus" project。

Similar to the "Lijiang Eternal Love" performance project，"Jing SHOW·Vivid Lotus" acting is still a buying IP。"Jing SHOW·Vivid Lotus" is a modern situational stage art work created by Xu Fei and others，Xu Fei owns all copyrights of the work。After Guilin 188bet mobile login paid nearly 5 million yuan in advance，Became the only authorized user of this stage play in Guangxi。It is reported，The performance location of "Jing SHOW·Vivid Lotus" is in Lipu Yinziyan, a national 4A-level scenic spot。

It is self-evident that Guilin 188bet mobile login has great expectations for this stage play，As early as the end of last year，Announced that Vivid Lotus Company will be included in Guilin 188bet mobile login Financial Statements。

It’s worth noting，The progress of the launch of "Jing SHOW·Vivid Lotus" did not meet expectations。Last half of last year，Guilin 188bet mobile login has publicly announced，It is planned that "Jing SHOW·Vivid Lotus" will be performed on May 1 this year，But it hasn’t started yet。Informed sources revealed，The postponement of the performance may be related to the venue，The performance venue has not been built yet，Perhaps it is not easy to build a performance stage in a national 4A scenic spot。

Zhou Mingqi said，Currently, 188bet mobile login development in Yangshuo County, Guilin is more developed than in the main urban area，Mainly because "Impression·Liu Sanjie" has promoted the development of the local 188bet mobile login industry，It has also become one of the business cards of Guilin 188bet mobile login。The 188bet mobile login performing arts market cultivated by it is also relatively mature，Recently, the "Lijiang Eternal Love" performance has also entered Yangshuo，The local performing arts market has begun to have some competition。

But，The performing arts projects in Yangshuo are really unable to meet the future 188bet mobile login needs of the main urban area of ​​Guilin、The huge market of national tourist destinations requires diversity of 188bet mobile login products，This means that there may be greater room for development in Guilin’s local 188bet mobile login performing arts。In this context，188bet mobile login performing arts with strong profitability may become a new business growth point for Guilin 188bet mobile login。

*This articleSource: Beijing News，Author:Wang Qingbin，Original title: "More than half of the subsidiaries are losing money、It is difficult to implement 188bet mobile login performing arts，How to break the situation in Guilin 188bet mobile login？》.