After the market closes on October 26th，188bet online live casino issued an announcement，Recently received government subsidies totaling 297.49 million yuan，The subsidy provider is the Ministry of Finance of China，The reason or project for receiving the subsidy is regional aviation subsidy。

　　Source: 188bet online live casino Announcement

188bet online live casino name，The above government subsidies received by the company are not used to build or otherwise form long-term assets，Therefore, it is recognized as a government subsidy related to income。The above government subsidies will be included in the company’s 2020 profit and loss，The amount is 297.49 million yuan，It is expected to increase the net profit after tax in 2020 by 25286.650,000 yuan，The final accounting treatment shall be subject to the annual audit results of the audit institution。

188bet online live casino also reminded that，As of the disclosure date of this announcement，The above government subsidies have not actually arrived yet，Final subsidy type、Amount affected、There is some uncertainty as to whether the relevant funds can actually be received。

Financial data，First half of this year，188bet online live casino achieved operating income of 19.8.4 billion yuan，19 year-on-year decrease.96%；Net profit attributable to common shareholders of the parent company 822.770,000 yuan，Decreased by 94 year-on-year.15%；Main business gross profit margin is 5.87%，Decreased by 5 year-on-year.56%。

Full year 2019，188bet online live casino achieved operating income of 54.0.7 billion yuan，Year-on-year growth of 26.93%；Net profit attributable to ordinary shareholders of the parent company 5.0.2 billion yuan，102 year-on-year increase.96%。

Calculate accordingly，The 297.49 million yuan government subsidy 188bet online live casino received this time，Equivalent to 36% of the net profit attributable to the parent company in the first half of this year.16 times，59% of net profit attributable to parent company for the whole year of 2019.23%。

Introduced by 188bet online live casino in the first half performance report，The company is the only large-scale independent regional airline in China。At the end of the reporting period, the company’s fleet size was 50 aircraft，Route network covers 92 branch route points，Accounting for 47% of the country’s regional routes，Accounting for 77% of the company’s destinations；158 operating routes，147 branch routes，Accounting for 93% of the number of routes operated by the company。The average flight execution rate during the reporting period was 68%，As of the end of the reporting period, the flight execution rate has recovered to 82%。

188bet online live casino name，January to February，Affected by the new coronavirus epidemic，Passenger travel suddenly dropped sharply from the peak before the Spring Festival，February is more severely affected。Air travel demand began to gradually recover in March，However, the recovery speed is slow and fluctuates with the epidemic: people are more cautious when traveling；Tourist destinations implement flow restrictions and other measures；Inter-provincial travel、Business travel has not been fully relaxed yet。Company flight execution rate during the reporting period、Passenger load factors dropped significantly year-on-year，Corresponding decrease in operating income。

*Source of this 188bet online live casino: Sino-Singapore Jingwei,Original labelTitle: "188bet online live casino received a government subsidy of RMB 297.49 million, equivalent to 36 times the net profit attributable to the parent company in the first half of the year》.