November 14，China Securities News reporter learned from Xinhualian official WeChat account，December 8，Wuhu Jiuzi Ancient Town, a large-scale comprehensive cultural 188bet online sports betting project under Xinhualian, will be fully opened，Becomes the fourth large-scale cultural 188bet online sports betting project under Xinhualian to be put into operation。

According to Xinhualian，2018，Tongguanyao Ancient Town opens to welcome guests。2019，Sichuan Langzhong Ancient City is officially taken over，The second phase of Tongguanyao Ancient Town is on the market，Xining Children’s Dream Park opens。Four major scenic spots are all open，Further consolidate the company’s cultural 188bet online sports betting operations，Putting the company into the path of healthy development。During the National Day holiday in 2019，The total passenger flow of the above scenic spots exceeds 500,000，The company’s cultural 188bet online sports betting operation has entered the harvest period。

2019 Semi-annual Report Display，The proportion of other sales revenue such as the company’s cultural 188bet online sports betting sector has increased to about 40%，The proportion of revenue from real estate sales dropped to about 60%。To this，Xinhualian said，The company’s “cultural 188bet online sports betting + real estate” model complements each other。On the one hand，Looking at the industry average，The overall gross profit margin of 188bet online sports betting and hotel listed companies is higher than that of real estate listed companies。The proportion of the company’s cultural 188bet online sports betting revenue increased，will effectively boost the company’s operating efficiency。On the other hand，The scenic area’s landscape supporting facilities create a significant premium for surrounding real estate projects。It is conducive to the rapid return of real estate income，It can also support investment in scenic spots。In addition，Due to the characteristics of real estate, income is recognized only after the property is delivered，With the increase in real estate revenue recognition in the fourth quarter，will significantly boost the full-year performance。

Xinhualian said，In recent years，The company vigorously transforms into cultural 188bet online sports betting real estate，Continuously improve cultural 188bet online sports betting operations and service levels，Build the cultural 188bet online sports betting industry into the company’s core competitiveness。Cultural 188bet online sports betting business releases revenue at the same time，The real estate business provides a solid backing for overall profits，Form dual-core driver mode。

*thisWen LaiSource:China Securities Network, author: Dong Tian, ​​original labelTitle: "Xinhualian: Wuhu Jiuzi Ancient Town will be fully opened and four major cultural and 188bet online sports betting projects are ready to go》.