February 14，Announcement of Tempus International’s reply letter to Shenzhen Stock Exchange，Indicated in announcement，Temperature International further explained its substantial pre-loss in 2019 performance，The 188bet sports betting industry lost 300 million last year、Air ticket agency business lost nearly 200 million；At the same time，Company representation，Since January 2020，Affected by the new coronavirus epidemic，The company’s 188bet sports betting business has also suffered a significant impact。

Preliminary loss of 300 million in 188bet sports betting business，Tempus International reduces 188bet sports betting operation routes

Previous January 22nd，Temperature 188bet sports betting releases 2019 performance forecast display，2019，Tempower 188bet sports betting’s net profit attributable to shareholders of listed companies is -14.7.7 billion to -14.8.2 billion yuan，The company made a profit in the same period last year.6.8 billion yuan。

To this，Shenzhen Stock Exchange pays attention，Request Tempus 188bet sports betting to provide additional explanations on matters related to the 2019 performance forecast。

Tempower International stated in the reply letter，The estimated loss of the company’s 188bet sports betting business in 2019 is RMB 300 million。

Public information display，The 188bet sports betting business of Tempus International is the domestic outbound travel business for Chinese citizens,Has traditional customer acquisition channels、E-commerce platform and independent setting of travel routes through charter business,Achieve route customization、Ticketing、Travel routes、Ground transportation and local consumption and other services。Tembon Travel after obtaining the charter flight route,After designing it as a travel product and selling it directly to end customers or to distributors,Then sold by distributors to end customers。

It’s worth noting，Temperature International 188bet sports betting business has obvious demand for working capital。The main settlement method for Tempus International 188bet sports betting business is Tempus 188bet sports betting’s purchase payment for upstream resources, which basically adopts the form of advance payment，Generally, one week to one month’s funds are required in advance after paying the deposit；Sales collection is generally done monthly to distributors (30 days to 60 days)。

The company stated in the announcement，Second half of 2019,Affected by the macroeconomic downturn、The impact of factors such as the decline in residents’ consumption levels,Resident outbound travel shows a downward trend,In addition, Tempang 188bet sports betting funds are tight、Liquidity restrictions and other reasons,In order to control business losses、Reserved premium lines,Temperature Travel will originally operate in Russia、Southeast Asia、More than 20 lines in Europe and others have been gradually streamlined to 3 lines in Russia (Shenzhen-Petersburg、Nanjing-Moscow、Nanchang-Moscow)。

Tempower International admitted frankly in the reply letter，Since January 2020,Affected by the new coronavirus epidemic,The company’s 188bet sports betting business has also suffered a significant impact,In the future, the company will disclose information in accordance with the relevant requirements of the exchange based on the development of the epidemic and statistics from relevant departments.。

After being “blocked” by IATA，Still carrying out air ticket agency 188bet sports betting

2019，Tempower 188bet sports betting Thunder。August 20 last year，Tempower 188bet sports betting announced，The company and its subsidiaries Shenzhen Tempang Aviation Services Co., Ltd.、Tembon Travel Group Co., Ltd.、A total of 4 companies of Chengdu Tengbang E-commerce Co., Ltd. received the "Notice on Termination of Passenger Sales Agency Agreement" issued by the 188bet sports betting Air Transport Association。

Tempower 188bet sports betting admits，After the company was terminated by IATA,The settlement method between BSP and airlines cannot be used to purchase air tickets,However, the company still strives to develop the air ticket business relying on more than 20 years of industry resource accumulation and management experience,By other agents、Third-party platform、Airlines and other ticket suppliers use other settlement methods such as cash settlement or pre-recharge to purchase tickets for external sales。

However, it is subject to the company’s tight liquidity and restrictions on the ticket purchase and settlement method,The company’s air ticket 188bet sports betting has decreased significantly,Operating income also dropped significantly,Resulting in losses in the company’s air ticket 188bet sports betting。Preliminary calculation by the company’s financial department,The estimated loss in the company’s air ticket 188bet sports betting in 2019 is approximately 1.900 million yuan。

Currently,The company mainly sells products to other agents、Third-party platform、Airlines and other ticket suppliers use other settlement methods such as cash settlement or pre-recharge to purchase tickets for external sales,Only some corporate 188bet sports betting management services and C-side customer 188bet sports betting services have been maintained。

It’s worth noting，Tempower 188bet sports betting also made large goodwill impairment provisions for its subsidiaries。The company achieved control over Shenzhen Xiyou 188bet sports betting Travel Agency Co., Ltd. (hereinafter referred to as "Xiyou 188bet sports betting Travel") in June 2018 and included it in the scope of consolidated statements，Formation of goodwill 4.3.5 billion yuan，Yinxiyou 188bet sports betting Travel did not complete the promised performance gambling target in 2018，Provision for goodwill impairment was made in 2018。

2019，Xiyou International Travel’s 188bet sports betting business declined，Temperature International expects a large gap between its performance in 2019 and its promised goals，At the same time, based on the current macroeconomic and 188bet sports betting market conditions，It is predicted that its business volume and operating performance may continue to decline in the future。Therefore，The company accrues goodwill impairment provisions for Xiyou International Travel 4.200 million yuan。

*Source of this article: Beijing News Network,Author: Zhang Zeyan, original title:《The 188bet sports betting industry suffered a loss of 300 million last year，Tempower International responded to the letter stating that its performance has been affected by the epidemic》.