Haishan Amusement: Loss exceeded 19 million last year,Revenue dropped 56%

Cultural 188bet app download Benefits Author of this 188bet app download: Ding Yihan 2020-05-28
Fierce competition in the water park market,Domestic water parks enter a 188bet app download of decline。

Message on May 27,The 2019 annual report recently released by Haishan Amusement (873107) shows,Operating income in 2019 is 7337.8629.24 yuan,Decreased by 55 compared with the same period last year.98%;The net profit attributable to shareholders 188bet app download listed company is -19,173,177.56 yuan,Same period last year 18,191,484.13 yuan,From profit to loss;Basic earnings per share is -0.87 yuan,The same period last year was 0.89 yuan。

As of 2019,The total number of Haishan recreational assets is 165,841,420.97 yuan,Decreased by 14 compared with the end 188bet app download previous year.59%。Net cash flow generated from operating activities for the current period is 1,258,846.24 yuan,The same period last year was 8,478,273.83 yuan。

As understood,The company’s operating income for this period is 73,378,629.24 yuan,Decreased by 55 compared with the previous period.98%,Mainly because 188bet app download great development period 188bet app download domestic water park industry in the past few years,The market in some areas is already saturated,leading to fierce competition in the water park market,Domestic water parks enter a period of decline,At the same time, the company is increasing its assessment 188bet app download repayment capabilities and costs of customers and projects,Selectively abandoned some projects,Resulting in a decrease in the company’s sales revenue。

The company’s operating profit for the current period-22.911.457.68 yuan,224 lower than the previous period.78%,Mainly because 188bet app download great development period 188bet app download domestic water park industry in the past few years,The market in some areas is already saturated,leading to fierce competition in the water park market,Domestic water parks enter a period of decline,At the same time, the company is increasing its assessment 188bet app download repayment capabilities and costs of customers and projects,Selectively abandoned some projects,Resulting in a decrease in the company’s sales revenue,At the same time, because the company has lowered the sales price of some products,Gross profit margin decreased,Management expenses、Results from lack of corresponding reduction in R&D expenses。

According to data from the New OTC Market Research Institute,Haishan Amusement’s main business is to provide 188bet app download planning and design and research and development of water amusement equipment、Manufacturing and Sales Installation Services。

*Source of this 188bet app download: Dibei.com, author: Ding Yihan, original title:Haishan Entertainment suffered a loss of 1917 in 2019.320,000 yuan turned from profit to loss, domestic water parks entered a 188bet app download of decline》.

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