On August 12, Baicheng Travel (stock code: 836925) disclosed its stock issuance plan on the stock transfer system，Officially launched its first financing after listing。According to the issuance plan，The price range for this private issuance of shares is 50 yuan to 60 yuan per share (equivalent to an overall valuation of approximately 2.5 billion to 3 billion)，The scale of funds raised does not exceed 3.500 million yuan。According to statistics from the stock transfer company，In the past July，New OTC listed companies have a total of 200 stock issuances，The total fundraising scale is about 9.2 billion yuan，Calculate accordingly，The average size of third board stock issuance is less than 50 million yuan，In comparison, this time it was 3.The fixed increase scale of 500 million is a big deal。

Although it is midsummer now，But China’s capital market is somewhat 188bet app “unseasonal”，Many financing companies feel the chill。Capital no longer blindly pursues companies that blindly pursue low prices without profit models，Start to rationally return to the essence of business，Chasing companies with good profits and growth。In this context，Baicheng really needs courage to launch such a large-scale distribution plan，Need more support for excellent performance growth。

Can be found based on the public data，Baicheng’s business revenue increased by nearly 70% in 2015，Double gross profit，Service attendance increased by over 60%，95% growth in the second quarter of 2016，The year-on-year growth in June exceeded 150%，The compound growth rate from 2016 to 2018 is expected to be no less than 100%。Accompanying this set of data is the news that the online travel industry has closed down or even run away from time to time this year，The days of both industry giants and start-ups are mostly over。Compare the two，Baicheng’s current performance is enough to stand out from its peers，The top position in the second echelon of Internet tourism O2O belongs to Baicheng，This is undoubtedly Baicheng’s confidence。

In addition to impressive performance，If you carefully interpret Baicheng’s issuance plan，It can be found that this 188bet app dark horse in the outbound travel industry is planning an ambitious new blueprint for online travel。Investment projects disclosed according to the issuance plan，Baicheng will invest 100 million from the raised funds in the research and development of Internet products in the next two years，Intelligent tools around outbound travel、Three main lines of enterprise application platform and big data processing，Build an online operation system using both front-end and back-end methods，The outbound travel smart tool is particularly worthy of attention，This mobile application product for independent travel users uses the current popular artificial intelligence technology，Based on LBS and POI database，Enables users to arrange outbound travel arrangements and related consumption "anytime, anywhere，As you wish”，It is expected to trigger disruptive changes in the online travel service model。

In addition to developing the Internet，Baicheng’s industrial integration plan is also of strategic value，Baicheng plans to develop in aviation in the next three years、Destination scenic spot resources、Ground reception、Rapid layout in local transportation and other fields，Form an outbound travel service system with independent 188bet Online Sports Betting and Casino control，At the same time, I will also be immigrating、Study Abroad、Initial integration in education and other outbound extended consumption fields，Laying the foundation for building an outbound consumption platform in the future。

Predictable，With the implementation and function of the fundraising project，Baicheng will gain new momentum for growth，The pattern of China’s online outbound tourism will surely be rewritten in the next three years。

Outbound travel is still a popular area with great investment value，However, the intensity of competition in the industry continues to increase，It is difficult to break out of the siege without special skills。On the outbound tour with corpses everywhere，Baicheng is undoubtedly the only remaining and scarce star stock with innovation potential，The so-called capital winter，For good companies, it does not exist，Baicheng’s fixed increase will undoubtedly lead a return to value investing。