Evening of August 21st，Beibu Gulf Brigade (603869) released its 2016 semi-annual report。First half of 2016，Beibu Gulf Brigade achieves operating income 1.7.2 billion yuan，Basically the same as the same period last 188bet mobile；Net profit attributable to shareholders of listed companies 2806.60,000 yuan, Decreased by 23% compared with the same period last 188bet mobile02%；Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses 2724.50,000 yuan，Decreased by 22% compared with the same period last 188bet mobile9%。

During the reporting period，The company’s revenue is basically the same as the same period last year，Net profit decreased by 23% compared with the same period last year.02%，Mainly because of the main source of tourists (cloud、Expensive、Sichuan, etc.) extreme weather effects，Tourists’ willingness to travel decreases，Resulting in a slight decrease in marine 188bet mobile business revenue，On the other hand，New project expansion、Business upgrade、Implementation of capabilities improvement and other measures，Resulting in an increase in costs。

Among them, marine 188bet mobile revenue achieved 1.3.2 billion yuan，Decreased by 8 compared with the same period last year.03%，Mainly affected by the decline in business volume of the core business Beiwei route，Passenger volume of Beiwei route during the reporting period 92.150,000 people，Decreased by 5 compared with the same period last year.67%；Passenger volume of South China Sea route 5.530,000 people，Decreased by 14 compared with the same period last year.21%。On the one hand, the company strives to increase revenue from health 188bet mobile and ship repair and shipbuilding businesses，Compensating for the decline in ocean 188bet mobile business；On the other hand, by enriching product design、Adjust pre-sale policies and develop marketing channels to strive to promote the recovery of ocean 188bet mobile business。Health 188bet mobile income for this period 0.2.3 billion yuan，An increase of 20 compared with the previous year.97%，Passed the establishment of service standards in the first half of the year、Expand marketing network and other measures，Improved basic abilities，Income has increased significantly， Costs are also rising。Other businesses are mainly shipbuilding business and energy transportation business，The revenue from the 30m fire boat undertaken last year is recognized based on progress，Other business income and costs increased significantly。

14-16 first half，Operating costs continue to increase，The compound growth rate is 7.4%；Operating income fell slightly 188bet mobile first half of 2016，But the overall trend is upward，The compound growth rate is 10.6%； Net profit generally shows an upward trend，The compound growth rate is 52.2%，But it dropped by 23 188bet mobile first half of 2016.02%。

The main reason for the increase in the company's operating costs during the reporting period was the increase in the cost of 100 yuan in marine 188bet mobile business compared with the same period last year。Sales expenses increased by 95% year-on-year.85%，Mainly because Xinyi Travel Agency recruits some personnel to improve its capabilities，Increase in personnel salary and increase sales expenses。Management expenses decreased by 10% year-on-year.78%，Mainly due to expenses related to listing expenses incurred in the previous year，Management expenses dropped normally this year。Financial expenses decreased by 3% year-on-year.93% is due to the decrease in long-term borrowings this year，Reduced interest payment。Operating net cash flow decreased by 38 year-on-year.08%，On the one hand, it is due to the decline in net profit in this period，On the other hand, it is affected by the increase in accounts receivable from the energy transportation business。Net cash flow from investing activities decreased by 10% year-on-year.80 %，Mainly due to 188bet mobile’s payment collection for disposal of idle ships，188bet mobile’s investment expenditure during the reporting period was basically the same as that of the previous year。

188bet mobile’s main strategic deployments during the reporting period:

1. Beihai marine 188bet mobile business upgrade，Complete the ship upgrade on the one hand、Start new passenger ship project，Enhance the 188bet mobile and entertainment functions of Beiwei route。On the other hand，Expand with local hotels in Beihai、Scenic Area、Scope of cooperation between transportation companies and travel agencies，Update payment method at the same time、Expand online and offline sales channels。

2. Completed the Bohai Sea Long Link in Yantai area、The acquisition of Xinyi Feiyang Passenger Ship and Feiyang Travel Agency，The project of two new 360-seat high-end passenger ships completed，Further increased its share 188bet mobile Yantai tourist route market。

3. The company's Xinyi Travel Agency has initially formed product research and development capabilities，Building a healthy 188bet mobile service system，And gradually establish a product marketing network with the help of external platforms，Conducive to the creation and sales of healthy 188bet mobile products in the company’s own scenic spots。

4. On the basis of developing existing destination resources in the North Sea，Officially operates the resources of Longhu Mountain Scenic Area and signed a strategic framework agreement with the People’s Government of Zhifu District, Yantai City for the cooperative development of Kongtong Island， Expanded the company’s own 188bet mobile resources。Mainly includes 5A-level Longhushan Taoist health resources、Kongtong Island Resources、Resources at both ends of Beiwei route、Nanlu Island Development Project, etc.。

5. The acquisition of Bokang Intelligent’s major asset restructuring project was approved，After reorganization is completed，The company will rely on Bokang Intelligent’s core technology in the field of big data and practical experience in intelligent construction in subdivided fields，Realize the upgrade of traditional 188bet mobile business to smart 188bet mobile。

6. In order to meet the needs of Xinyi Travel Agency to improve its capabilities、Talent needs for key initiatives such as new project acquisition，188bet mobile focuses on e-commerce technology in the first half of the year、Market Development、Introduction of industry talents for scenic spot operation and other positions，Quickly obtain project planning、Scenic spot operation and other capabilities，Advance Longhu Mountain、The rapid implementation of Kongtong Island and other projects。

Beibu Gulf 188bet mobile Co., Ltd. is mainly engaged in marine 188bet mobile and health 188bet mobile business。Ocean 188bet mobile business is the company’s core business and main source of profit，The company is currently operating Beihai-Weizhou Island、Beihai-Haikou、Penglai-Changdao 3 core tourist routes and Kongtong Road island tour、Mountain and sea tour and other special tourist routes，Provide tourists with high-quality maritime 188bet mobile service experience。The company extends the industrial chain based on operating routes，Formation of marine 188bet mobile products。Healthy 188bet mobile business，The company initially develops a healthy 188bet mobile product system，Aims to provide tourists with healthy 188bet mobile services for self-cultivation。

188bet mobile core competitiveness:

1. 188bet mobile advantages

Currently operating "Beihai-Weizhou Island"、"Beihai-Haikou"、Three core marine 188bet mobile routes "Penglai-Changdao" and Kongtong Island Island Tour、 Mountain and sea tours and many other special tourist routes，And has been approved to prepare for the opening of international maritime 188bet mobile routes。The company can develop and design rich marine 188bet mobile products around route resources，Meet the diverse needs of tourists at different levels，Relying on the increasingly abundant tourist routes，Around "Eat、Live、row、游、Purchase、Entertainment” has a comparative advantage in extending the 188bet mobile industry chain。

2. Operational advantages

The company has continuously updated its ships in recent years，Supplement and upgrade capacity， has become the largest fleet、One of the ocean 188bet mobile fleets with the strongest passenger capacity。The company has more than 60 years of experience in ocean 188bet mobile transportation，Has a professional management team and a large number of experienced senior crew members； The company has established a complete tourist ship management、Repair and maintenance system, etc.，Established a visual GPS dispatch center for ship operations，Real-time monitoring and dispatching command of ship operations。

3. Terminal advantages

The company’s own Beihai International Passenger Port is the home port of the company’s ocean 188bet mobile route ships，Located in Silver Beach Scenic Area, Beihai City，Superior location。Beihai International Passenger Port is one of the only two ports in Beihai City that can avoid Category 12 typhoons，Good berthing conditions，Complete supporting facilities，Scheduling of the company’s tourist transportation vessels、Repair、Maintenance provides convenience。The Weizhou Island West Point Pier indirectly controlled by the company is currently the only passenger terminal on Weizhou Island，Provides a strong guarantee for the operation and sustainable development of the company's travel routes。

4. Product R&D Advantages

The company adopts the "Seven Repairs" health care system， Combined with its own unique 188bet mobile resources， Created a series of health and wellness 188bet mobile products。 The combination of "Seven Repairs" health care system and 188bet mobile elements，Endow 188bet mobile products with health and wellness effects， combination of movement and stillness， Cultivation of mind and body，The product differences that are difficult to replicate have become the company’s unique advantage in competing in the health and wellness 188bet mobile market,Formed a team with dual experience in 188bet mobile and health、A team that dares to innovate，will be able to support the company’s continued innovation in the field of health 188bet mobile。

Analysis of factors affecting the continuity and stability of 188bet mobile's profitability:

(1) Impact of marine 188bet mobile transportation market demand

The company’s core business is marine 188bet mobile transportation business，The factors affecting market demand are mainly reflected in the following three aspects: First，Demand brought about by the development of 188bet mobile industry in Beihai City and Hainan Province。For Beiwei tourist route，The main customers of this route are tourists entering and leaving the Weizhou Island tourist area，The rapid development of 188bet mobile in Beihai City and the construction and development of Weizhou Island tourist attractions，Will directly affect the passenger volume of Beiwei tourist route；For Beiqiong tourist routes，The main customers of this route are tourists from Guangxi to Hainan Province，Therefore，The traffic volume of this route is closely related to the development of 188bet mobile in Guangxi and Hainan Province。Second，Demand brought about by the convenience and comfort improvement of the company’s ship transportation。Currently，Old ships on the Beiqiong tourist route，Run slowly、Not very comfortable，Restricts tourists’ riding needs to a certain extent。With the addition and construction of the company’s ships in the future and the further improvement of ship management levels，The comfort of ships and the convenience of transportation will be significantly improved，It will attract more tourists to choose marine 188bet mobile transportation。Third，The impact of alternative transportation methods on market demand。Currently，Beiwei tourist routes only rely on water transportation，There is no alternative。But the Beiqiong tourist route faces the highway、Competition between aviation and railways，Road transportation has the greatest impact on the company。

(2) Impact of fluctuations in 188bet mobile diesel prices

Fuel cost is an important cost item for 188bet mobile，Marine diesel price is one of the important factors affecting profitability。In recent years，Due to changes in the international economic situation，International crude oil prices fluctuate sharply，Causing 188bet mobile’s marine diesel purchase price to fluctuate in the same direction，There is a certain risk of fluctuation in fuel costs。Future fuel price fluctuations will still be the main factor affecting profitability，Mainly reflected in: on the one hand，Fluctuations in marine diesel prices will directly affect 188bet mobile’s operating costs；On the other hand，Water-land combined transport is the most important alternative mode of passenger roll-out transport on Beiqiong tourist routes，The fluctuation of oil prices has an impact on both water transportation and road transportation costs。