According to disclosure by the Hong Kong Stock Exchange on September 10，Yinghai Group Holdings Limited (hereinafter referred to as "Yinghai") submitted a post-hearing information set to GEM 188bet login Hong Kong Stock Exchange for the first time，The exclusive sponsor is Ligao Corporate Finance Co., Ltd.。

Yinghai’s products and services can be divided into three major categories: sales and distribution of 188bet login，Providing car rental services，Sales and provision of air tickets and other travel-related ancillary products and services。

The Group mainly obtains 188bet login four sources: a guaranteed number of hotel rooms are obtained from hotel operators based on predetermined room prices，Procurement of 188bet login hotel operators as allocated from time to time，Purchase 188bet login hotel operators at promotional prices，Temporary purchase of 188bet login hotel operators or other suppliers。

The group’s customers are mainly 188bet login agents in Macau、Corporate and individual customers。In fiscal year 2017、FY2018 and four months of 2019，The five largest customers together account for about 42% of the total revenue.5%、46.4%&63.7%， The largest customer (Customer A) accounts for approximately 35% of our total revenue.0%、19.2%&21.5%。

The group’s suppliers are mainly 188bet login operators in Macau、Travel agent、Airlines and entertainment service providers。In 2017、FY2018 and four months of 2019，The top five suppliers (for 188bet login operators、Travel agent、Entertainment business operators and aviation operators) account for approximately 75% of total purchases respectively.7%、76.2%&76.6%，The largest suppliers’ percentage of total purchases is approximately 37.2%、 44.9%&42.4%。

The group in fiscal year 2017、FY2018 and 4 months of 2019，The total income is about 1 respectively.HK.8 billion、1.HKD 6.6 billion and HKD 62.2 million，The increase in total revenue was mainly due to the increase in revenue generated from 188bet login room sales and distribution，FY2017、Accounting for approximately 94% of total revenue in fiscal year 2018 and 4 months of 2019.8%、94.0%&92.4%。

The Group’s adjusted profit for the year increased from approximately HK.2 million in fiscal year 2017 to approximately HK.1 million in fiscal year 2018。To the first four months of 2019，Adjusted profit during the period was approximately HK.4 million，An increase of approximately HK0,000 compared to approximately HK.9 million in the first four months of 2018。The increase in adjusted net profit during the period was mainly due to the increase in total revenue in fiscal year 2018 and the four months of 2019 due to an increase in revenue from the sale and distribution of 188bet login and the provision of car rental services。

Net asset value decreased from 188bet login million on December 31, 2018 to 188bet login million on April 30, 2019，Mainly due to dividends declared in 4 months of 2019，Profit for the four months of 2019 mitigated the impact。

Competition in Macau’s travel agency industry is fierce，Because the industry is fragmented。Car rental services provided by travel agents in accordance with the travel agent license they hold may only be used for 188bet login purposes。Due to the large number of players in the car rental services market，Competition in the industry is fierce。

The group stands out from other industry players，The advantage of effectively competing in the industry is: establishing good and stable relationships with major suppliers and customers ，Provide customers with a variety of products and services，Provide various types of 188bet login，Diverse customer types，And an experienced and stable management team。

Also，The group’s business is affected by certain risks，Including business and operations、188bet login、Risks related to the car rental service industry。

*Source of this 188bet login: Zhitong Finance，Author: Meng Zhe, original title: "New stock news》.