Industry Observation

Let’s look at it today,There is still something worth learning from the reform experience of the Big Wild Goose Pagoda and the Everlasting 188bet Live Casino of the Tang Dynasty。

The popularity of Datang Evernight 188bet Live Casino is matched by the low profit data in the first half of the year,Hot search。

On the one hand、The Evernight City of the Tang Dynasty is crowded with people、full every night;On the other hand, financial report data shows,Datang Evernight City 188bet Live Casino achieved operating income of 3938 in the first half of this year.30,000 yuan,Net profit is only 23.530,000 yuan。

In fact,The small profit in the first half of the year is not an exception。Open Qujiang Cultural Tourism Financial Report,Datang Evernight City 188bet Live Casino’s operating income in 2023 is 148.8 million yuan,Net profit is only 850,000 yuan。Operating income in 2022 9784.80,000 yuan,Loss 215.540,000 yuan。

The financial reports for 2021 and before did not disclose the operating data of Datang Evernight City 188bet Live Casino。Because in 2021 and previous years,“Datang Evernight City 188bet Live Casino”’s name is also called “Chinatown 188bet Live Casino”。

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Operating income and net profit of Qujiang Cultural 188bet Live Casino’s financial reports over the years

01

The data of Datang Evernight City 188bet Live Casino may not fully explain the operation of Datang Evernight City。

According to publicly disclosed information,In fact,Big Wild Goose 188bet Live Casino is the client of Qujiang Asset Management Center。But it is very likely to start from June 2022,Datang Evernight City Management Company began to perform the operation and management of Datang Evernight City。

industrial and commercial change information display,June 1, 2022,Datang Evernight City 188bet Live Casino was renamed from Chinatown 188bet Live Casino。Same day,Datang Evernight City 188bet Live Casino was promoted from the third-level company of Qujiang Cultural Tourism to the second-level company management,And changed company executives,Geng Lin quits the position of chairman。Less than a year earlier,Geng Lin serves as chairman of Qujiang Cultural Tourism。

Analysis of the operating conditions of Big Wild Goose 188bet Live Casino and findings,Starting from the end of 2022,The company’s net assets dropped significantly by approximately 44 million yuan year-on-year,Without losses and substantial dividends,There is only one explanation for splitting。Same year,The operating income of Big Wild Goose 188bet Live Casino dropped by nearly 80 million yuan,The operating data of Datang Evernight City Management Company, which has just been renamed and promoted and changed its leadership, began to appear in the annual report,Business income for the year was 97.85 million yuan。Business income comes and goes,Basically consistent。

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Xi’an 188bet Live Casino Pagoda Source: Photo Network

There are reasons to infer from these changes,June 2022,Qujiang Cultural Tourism has changed the management entity of Datang Evernight City project,Datang Evernight City 188bet Live Casino began to take over the operation and management of Datang Evernight City。From Big Wild Goose Pagoda to Chinatown,This reform is hardly a success。In this era,Of course one can put the blame on the poor economic situation、Sluggish consumption,But it’s hard to talk about Geng Lin’s “Lost contact”Not a reason。

02

Looking at it from another angle,After the Big Wild Goose 188bet Live Casino divested the operation and management of the Datang Everlasting City project in 2022,Operating performance took a sharp turn。

Operating revenue in the first half of 2024 will decrease by 19% year-on-year.7%,Operating revenue in 2023 will decrease by 36% year-on-year.1%。Net profit turned from profit to loss,No signs of improvement in sight。

Back to the epidemic period,Because of the existence of the Everlasting City of the Tang Dynasty,Big Wild Goose 188bet Live Casino’s income maintains 1.500 million or so,Still profitable,Although the profit margin is the highest, it is just over 10 million。

Back to before the epidemic,2012-2018,The operating income of Big Wild Goose 188bet Live Casino has increased year by year,Operating revenue reached a peak of 274.15 million yuan in 2017,Net profit reached its highest point of 25.08 million yuan in 2016 (there was non-recurring investment in renovation in 2017)。

End of 2018,The Big Wild Goose 188bet Live Casino divested the Louguan Company and the Qujiang Pool Site、Tang City Wall Ruins、Three operational projects at Qin II Mausoleum site,Resulting in fluctuations in the operating performance of Big Wild Goose 188bet Live Casino in 2019,However, the effectiveness of professional reform has been verified during the epidemic。

nullTang 188bet Live Casino Wall Park Source: Qujiang Cultural Tourism Co., Ltd.

03

Qujiang Public Asset Management Center serves as the owner,The Big Wild Goose Pagoda Scenic Area in 2010、Datang Evernight City Scenic Area (including Kaiyuan Square、Yintai Plaza, etc.) and Tang Ci'en Temple Heritage Park were entrusted to the Big Wild Goose 188bet Live Casino for management。

According to agreement,The commission period is 20 years,From November 1, 2010 to October 31, 2030。Entrustment period expires,The Big Wild Goose Pagoda Scenic Area 188bet Live Casino has priority for renewal under the same conditions。The operating income of the scenic spot: 100% belongs to the 188bet Live Casino in the first to fifth years;92% owned by the 188bet Live Casino in years 6-10;90% owned by the 188bet Live Casino in years 11-15;88% owned by the 188bet Live Casino in years 16-20。

This almost pioneered the reform of professional operation of scenic spots in public institutions。Present,Promote consumption through tourism、Playing the fundamental role of consumption in economic development has become the consensus of many local governments,All regions are exploring the reform path of integrating scenic spots of public institutions into local cultural tourism groups。Let’s look at it today,There is still something worth learning from the reform experience of the Big Wild Goose Pagoda and the Everlasting 188bet Live Casino of the Tang Dynasty。

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188bet Live Casino Furong Garden Source: Photo Network

04

August 24,Qujiang Cultural Tourism announced,Proposed to adjust the entrusted 188bet Live Casino of Qujiangchi Heritage Park、Tang City Wall Ruins Park、Hanyao Scenic Area (former open area)、Qin II Mausoleum Ruins Park、Daci’en Temple Ruins Park、Annual 188bet Live Casino remuneration for Shaanxi Opera Grand View Garden and other scenic spots。

Specifically,The 188bet Live Casino fees of these scenic spots have ranged from 26% to 59.Significant reduction ranging from 5%。

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These 188bet Live Casino fees refer to Qujiang Cultural Tourism’s entrusted 188bet Live Casino of scenic spots in public institutions,The 188bet Live Casino fees that Qujiang Public Asset 188bet Live Casino Center and other public institutions should pay to Qujiang Cultural Tourism。This is also the main component of Qujiang Cultural Tourism’s 1.6 billion accounts receivable。

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Night view of Qujiangchi Ruins Park Source: Photo Network

05

China’s local cultural tourism scenic spot 188bet Live Casino system reform,The situation has been broken in some places,Formation pattern,Advancing to deep water area;But it is still brewing in other places,Still wrestling。And a more profound, comprehensive and systematic reform,Already in preparation。

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