Dinosaur 188bet online casino games once again embarks on the road of listing application。July 24，Disclosed by Shenzhen Stock Exchange，Dinosaur 188bet online casino games GEM listing application has been accepted，This is only 14 days before the submission of application materials for the Dinosaur 188bet online casino games。

Dinosaur 188bet online casino games，Formerly known as "Changzhou Dinosaur 188bet online casino games Co., Ltd."，Changed to the current "Dinosaur 188bet online casino games Cultural Tourism Group Co., Ltd." in July 2018，It is a company that provides scenic spot operation services、Cultural tourism enterprise developing cultural creativity and content products，With dinosaur theme as the core cultural element，Operation and management of the China Dinosaur 188bet online casino games theme 188bet online casino games is its main source of revenue。

September 2015，Dinosaur 188bet online casino games is listed on the New Third Board。This is just a new starting point，It targets the motherboard，Half a year after listing on the New OTC Market，Announcement to accept listing counseling。September 2016，Dinosaur 188bet online casino games submitted materials to the Securities Regulatory Commission to apply for IPO。After announcing the suspension of review in July 2017，Dinosaur 188bet online casino games submitted its prospectus again in December。March 2018，The Issuance Review Committee failed to approve the IPO application，Dinosaur 188bet online casino games IPO fails again。

One and a half years later，Dinosaur 188bet online casino games seeks to be listed again，Preparing for return to the track。October 18, 2019，Dinosaur 188bet online casino games submitted listing guidance filing materials to Jiangsu Supervision Bureau of China Securities Regulatory Commission and was accepted，The tutoring institution is CITIC Securities Co., Ltd.，The tutoring registration date is October 21 of that year。Since this year，Adopted with 100% support from the shareholders’ meeting，July 10，Dinosaur 188bet online casino games submits application materials to Shenzhen Stock Exchange。

The Shenzhen Stock Exchange disclosed the prospectus of Dinosaur 188bet online casino games on July 24，Dinosaur 188bet online casino games once again stands on the IPO starting line。

Introduction to Dinosaur 188bet online casino games Prospectus，The number of shares in this initial offering is expected to not exceed 58.7 million shares，The proportion of circulating shares after issuance shall not be less than 25% of the total number of company shares，The total share capital does not exceed 234.8 million shares。Estimated funds raised: 57178.680,000 yuan，Mainly used for the dinosaur science popularization research base construction project、China Dinosaur 188bet online casino games Night Boutique Tourism Experience Project、Chinese Dinosaur 188bet online casino games Immersive Scene Experience Project、Liberal Arts Integrated Creative Technology R&D Center Project、Dinosaur IP improvement and cultural and creative development projects and supplementary working capital projects。

In comparison，This time IPO Dinosaur 188bet online casino games puts more emphasis on innovation.Dinosaur 188bet online casino games Display，The main business truly reflects innovation、Creation、Creative Features。The investment projects raised this time can not only enrich the number of products in the 188bet online casino games，Improve product quality in the 188bet online casino games，Further enhance the 188bet online casino games’s attractiveness and brand influence，Bring incremental benefits to the 188bet online casino games’s comprehensive business；It can also enhance the company’s ability to innovate and develop ideas，Strengthened the company’s content innovation、Environmental Art、Acoustic and light technology、Film and animation、Mechanical platform、The ability to integrate information and communication technologies and apply them to the cultural tourism industry，Improve the effectiveness of the company’s innovative and creative services。

Even so,Highlight the importance of innovation，The industry competition faced by Dinosaur 188bet online casino games is still severe。

China Dinosaur 188bet online casino games, the core project of Dinosaur 188bet online casino games, is located in Changzhou，Located in the core of the Yangtze River Delta。This area is economically developed、Mild climate、Densely Populated，Residents’ consumption level and entertainment consumption habits are at the forefront of the country，It is the "Red Sea" market where theme 188bet online casino games operations are "fighting"，Right now，The competition for customers faced by the Dinosaur 188bet online casino games can be described as "strong enemies waiting around"。Shanghai Disney、Shanghai Happy Valley、Wuhu Fantawild Adventure、Shanghai Haichang Ocean 188bet online casino games、Suzhou Huayi Brothers Movie World、Wuxi Sunac Cultural Tourism City、Nanjing Wanda Mao Oriental Culture Theme 188bet online casino games has opened，These domestic theme 188bet online casino games operation “big guys”，A competitor that cannot be ignored by Dinosaur 188bet online casino games。

The competition in front of us is so strong，The competition in the future is also coming，The latecomers are also quite powerful。Second half of 2019，Shanghai Disney Resort’s eighth theme 188bet online casino games “Zootopia” officially starts construction，Currently under construction；Before 2022，The main business formats of Taicang Foyou City, a subsidiary of Fosun Tourism, are scheduled to be put into trial operation，Total investment of tens of billions；2023，Shanghai Legoland theme resort will open，Total investment 10 billion yuan。

The concerns about revenue caused by competition are self-evident，This is also the last review，An important aspect of the issuance review committee’s questions。Dinosaur 188bet online casino games 2014-2016，Their revenue is 4.4.5 billion yuan、4.7.9 billion yuan and 4.2.4 billion yuan，Net profit is 60.51 million yuan respectively、64.73 million yuan and 29.19 million yuan。Net profit in 2016 was less than half of the previous two years。The Issuance Review Committee once asked about the reasons for the decline in performance in 2016，Special mention of "the opening of Shanghai Disney and other factors leading to the decline in performance"，Ask whether this has a material adverse impact on the continued profitability of Dinosaur 188bet online casino games。

In comparison，The results submitted by Dinosaur 188bet online casino games this time are quite impressive，The positive growth is quite obvious。2017-2019，The operating income of Dinosaur 188bet online casino games is 512732498.2 yuan、579592315.9 yuan and 652814587.72 yuan，Net profit is 73203490 respectively.93 yuan、86803147.83 yuan and 95128905.82 yuan。

Similar to the data disclosed in the last prospectus，Dinosaur 188bet online casino games’s weak short-term debt solvency problem in the past three years still exists。An indicator of short-term solvency is the current ratio，That is, the ratio of current assets to current liabilities，greater than 1 indicates strong short-term solvency，The opposite is weak。The current ratio of Dinosaur 188bet online casino games from 2017 to 2019 is 0.32、0.66 and 0.56。At the same time，Another measure, quick ratio, is also not high。

To this，Dinosaur 188bet online casino games explained，During the reporting period，Current ratio and quick ratio show an upward trend，Short-term solvency has improved。The overall current ratio and quick ratio are relatively low，Mainly because theme parks mainly operate long-term assets。Both the company merger and the parent company’s asset-liability ratio have declined，Long-term debt repayment risk has been reduced。The company’s interest coverage ratio is 8.10 times、12.30 times and 14.66 times，Cash flow can better cover the interest cost of interest-bearing liabilities，And solvency has improved。

Different from the last application at the Shanghai Stock Exchange，This time Dinosaur 188bet online casino games moves to Shenzhen Stock Exchange，Aiming at GEM。The GEM registration system will start on June 15th，It has just been more than a month since we opened the door to take orders。Standing on the starting line of the listing track again，Can Dinosaur 188bet online casino games catch a free ride on the GEM pilot reform，Go all the way，Arrived at the end，Still an unknown number。

*Source of this article: 188bet online casino games Travel in China, author: Wang Qingbin, original title: "Changzhou Dinosaur 188bet online casino games returns to the IPO track and plans to hit the GEM under the registration system》.