| --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------|------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gudou Holdings Limited | 古兜控股有限公司 | | | | | (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號： 8308 | | | | | | | | | | 溫泉 ｜ 文旅 ｜ 健康 ｜ 養生 2020 ANNUAL REPORT 年 報 any statement herein or in this report misleadi ...

GuDou 2020 第三季度業績報 古兜控股有限公司 Gudou Holdings Limited (於開曼群島註冊成立的有限公司) 股份代號：8308 香港聯合交易所有限公司 GEM 之特色 1 古兜控股有限公司 GEM 之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險之 中小型公司提供一個上市之市場。準投資者應了解投資於該等公司之潛在風 險，並應經過審慎周詳之考慮後方作出投資決定。 由於 GEM 上市公司普遍為中小型公司，在 GEM 買賣之證券可能會較於香港 聯交所主板買賣之證券承受較大之市場波動風險，同時無法保證在 GEM 買賣 之證券會有高流通量之市場。 香港交易及結算所有限公司及香港聯交所對本報告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本報告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照 GEM上市規則而刊載，旨在提供有關本公司之資料；董 事願就本報告之資料共同及個別地承擔全部責任。各董事在作出一切合理查 詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備， 沒有誤導或欺詐成份，且並無遺漏任何 ...

Financial Performance - For the six months ended June 30, 2020, the group's revenue was approximately RMB 24,300,000, a decrease of 56.9% compared to the same period in 2019[3] - The gross loss for the six months ended June 30, 2020, was approximately RMB 5,800,000, compared to a gross profit of approximately RMB 5,400,000 for the same period in 2019[3] - The net loss for the six months ended June 30, 2020, was approximately RMB 34,700,000, an increase of 82.2% compared to the same period in 2019[3] - The basic loss per share for the six months ended June 30, 2020, was RMB 3.5 cents, compared to RMB 1.9 cents for the same period in 2019[3] - The company reported a significant increase in operating losses, with an operating loss of RMB 24,455,000 for the six months ended June 30, 2020[4] - The company reported a comprehensive loss for the period of RMB (35,373,000) for the six months ended June 30, 2020, compared to RMB (19,106,000) for the same period in 2019, indicating a worsening financial performance[10] - The company incurred a loss of RMB (34,686,000) during the reporting period, which is a significant increase compared to the loss of RMB (19,034,000) in the same period of the previous year[10] - The group recorded a gross loss margin of approximately 24.1% and a gross profit margin of about 9.5% for the six months ended June 30, 2020, due to a decrease in revenue from hotel and resort operations[64] - The group's loss before tax for the period was RMB 34,100,000, an increase of approximately 126.4% compared to RMB 15,000,000 in the same period last year, primarily reflecting a decrease in revenue[65] Assets and Liabilities - The total assets as of June 30, 2020, were RMB 1,175,989,000, a decrease from RMB 1,215,569,000 as of December 31, 2019[6] - The total liabilities as of June 30, 2020, were RMB 762,649,000, compared to RMB 767,522,000 as of December 31, 2019[8] - As of June 30, 2020, the total equity of the company was RMB 413,340,000, down from RMB 404,655,000 as of June 30, 2019, reflecting a slight decrease in shareholder equity[10] - The company’s cash and bank balances decreased to RMB 14,780,000 as of June 30, 2020, from RMB 60,687,000 as of December 31, 2019[6] - The company’s inventory decreased to RMB 3,311,000 as of June 30, 2020, from RMB 3,688,000 as of December 31, 2019[6] - The company’s total liabilities as of June 30, 2020, were RMB 232,583,000, reflecting an increase from RMB 223,739,000 as of June 30, 2019, indicating rising debt levels[10] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2020, was RMB (8,567,000), a decrease from RMB 14,596,000 in the same period of 2019[14] - The company experienced a net cash outflow of RMB (45,698,000) for the six months ended June 30, 2020, compared to RMB (21,689,000) in the prior year, indicating a significant increase in cash burn[14] - The company’s financing activities resulted in a net cash outflow of RMB (31,824,000) for the six months ended June 30, 2020, compared to RMB (33,561,000) in the same period of 2019[14] - As of June 30, 2020, the group's bank and cash balance was approximately RMB 14,800,000, with outstanding bank loans amounting to RMB 311,200,000[69] Revenue Breakdown - Total revenue for the six months ended June 30, 2020, was RMB 24,257,000, a decrease of 57.1% compared to RMB 56,311,000 for the same period in 2019[19] - Room revenue for the six months ended June 30, 2020, was RMB 10,186,000, down 43.5% from RMB 17,932,000 in the same period of 2019[19] - Revenue from the operation of hot spring resorts and hotels decreased by approximately 45.8% to about RMB 22.9 million due to the impact of COVID-19[55] - Revenue from consulting services dropped approximately 86.1% to about RMB 200,000 during the period[57] - The company recorded revenue of approximately RMB 1.4 million from renovation services for tourism properties, down from RMB 14.1 million in the same period last year[58] Shareholder Information - The company’s major shareholders include Harvest Talent and China Aoyuan, holding 34.34% and 29.18% of the issued shares, respectively[41] - As of June 30, 2020, the company had 980 million shares issued, with major shareholders holding significant stakes, including Harvest Talent with 336.5 million shares (34.34%) and Phoenix Virtue Limited with 286 million shares (29.18%)[86][87] - The company’s major shareholders include individuals and entities with substantial holdings, such as Mr. Han with 341.4 million shares (34.84%) and Mr. Li with 97.5 million shares (9.95%)[86][87] Corporate Governance - The company is committed to high standards of corporate governance, believing it is essential for sustainable growth and shareholder value[93] - The company has adopted a code of conduct for directors regarding securities trading, confirming compliance during the reporting period[93] - The audit committee reviewed the report and the group's unaudited financial performance for the six months ending June 30, 2020, ensuring compliance with applicable accounting standards[100] Future Outlook and Strategy - The company aims to enhance its position in the hot spring and hotel industry, continuing to replicate its business model for new resort operations[46] - The company maintains a cautiously optimistic outlook for its tourism property development business, expecting pre-sales for specific properties to continue into 2020[81] - The company is actively seeking investment opportunities to improve business performance for the benefit of shareholders in 2020[81] - The company is taking a cautious approach to potential acquisitions, ensuring sufficient financial resources before proceeding[51] - The company is focused on delivering ideal returns to its shareholders while navigating market challenges[81]

Financial Performance - For the three months ended March 31, 2020, the group's revenue was approximately RMB 10,030,000, a decrease of about 69.5% compared to the same period in 2019[3] - The group reported a gross loss of approximately RMB 6,308,000 for the three months ended March 31, 2020, compared to a gross profit of approximately RMB 5,270,000 in the same period of 2019[3] - The net loss for the three months ended March 31, 2020, was approximately RMB 21,800,000, compared to a net loss of approximately RMB 8,300,000 for the same period in 2019[3] - Basic loss per share for the three months ended March 31, 2020, was RMB 2.23, compared to RMB 0.84 for the same period in 2019[3] - Operating loss for the three months ended March 31, 2020, was approximately RMB 16,702,000, compared to an operating loss of RMB 2,339,000 in the same period of 2019[6] - Total comprehensive loss for the three months ended March 31, 2020, was approximately RMB 21,890,000, compared to RMB 7,925,000 for the same period in 2019[8] - The group reported a loss from associates of RMB 214,000 for the three months ended March 31, 2020, whereas there was no such loss in the same period of 2019[6] - The company recorded a loss attributable to owners of approximately RMB 21,800,000 for the three months ended March 31, 2020, compared to a loss of RMB 8,300,000 for the same period in 2019[24] - The group experienced a pre-tax loss of approximately RMB 21,600,000, compared to a pre-tax loss of RMB 6,600,000 in the same period last year, primarily reflecting a decrease in revenue[33] - The group's net loss increased by approximately RMB 13,600,000 or 164.1% to about RMB 21,800,000, compared to a net loss of RMB 8,300,000 in the same period last year, aligning with the decline in revenue[38] Revenue Breakdown - The company's revenue for the three months ended March 31, 2020, was approximately RMB 10,000,000, a decrease of about 69.5% compared to RMB 32,800,000 for the same period in 2019[24] - Revenue from the resort and hotel operations decreased by approximately 63.4% to about RMB 9,600,000 during the same period[25] - Room revenue from the six themed hotels decreased by approximately 66.7% to about RMB 3,900,000, with an occupancy rate dropping from approximately 32.2% to about 25.2%[25] - The company did not generate any revenue from consulting services during this period, a 100% decrease compared to approximately RMB 900,000 in the same period of 2019[26] - The company recorded revenue of approximately RMB 400,000 from tourism property development, down from RMB 6,600,000 in the same period of 2019[29] Cost and Expenses - The group incurred finance costs of approximately RMB 4,887,000 for the three months ended March 31, 2020, compared to RMB 4,288,000 in the same period of 2019[6] - The sales cost for the period was approximately RMB 16,300,000, a decrease of about 40.7% from RMB 27,600,000 for the same period in 2019[31] - Income tax expenses decreased by approximately 86.2% or RMB 1,400,000 to about RMB 200,000, mainly due to a reduction in deferred tax expenses from decreased fair value gains and no land appreciation tax incurred[34] Dividends and Shareholder Information - The board of directors did not recommend the payment of any interim dividend for the three months ended March 31, 2020[3] - The company did not declare or pay any dividends for the three months ended March 31, 2020[18] - As of March 31, 2020, major shareholders held significant stakes, with Harvest Talent owning 336,500,000 shares, representing 34.34% of the issued share capital[43] - The company has issued a total of 980,000,000 shares as of March 31, 2020, which is the basis for calculating the percentage of shareholdings[44] Corporate Governance and Compliance - The company has complied with the applicable code provisions of the corporate governance code during the three months ended March 31, 2020, except for the chairman and CEO being the same person[49] - The company aims to maintain high standards of corporate governance to ensure sustainable growth and maximize shareholder value[49] - The company has not disclosed any interests held by directors or major shareholders in competing businesses as of March 31, 2020[47] - The audit committee has reviewed the report and the unaudited consolidated financial performance of the group for the three months ended March 31, 2020[58] Business Strategy and Future Outlook - The company expects the main pre-sales of certain properties to continue into 2020, with deliveries starting from that year[28] - The company plans to continue operating and developing its business while enhancing the "Gudu" brand and improving the environment and existing facilities of the Gudu Hot Spring Resort[39] - The company will explore new business opportunities, providing consulting and/or management services to leisure hotels and other hot spring resort operators, as well as developing new tourism property projects[39] - The board will review and strive to improve overall operational efficiency and adjust the property development portfolio and strategies to align with market demand and seize genuine growth opportunities[39] - The company is implementing cost-saving strategies to mitigate the adverse impacts of COVID-19 on its operations[39] Share Options and Securities - The total number of share options granted under the share option scheme as of March 31, 2020, is 47,040,000 shares[51] - The exercise price for the share options granted is HKD 0.62 per share[51] - The company has not purchased, redeemed, or sold any of its listed securities during the three months ended March 31, 2020[57] - The company has a share option plan that was conditionally adopted on November 18, 2016, and became unconditional on December 9, 2016, lasting for 10 years[49] Construction and Development - The company reported a total construction area of approximately 67,860.7 square meters for the target land owned by Guangdong Gudu[87] - The occupancy rate for the hotel during the reporting period was calculated based on the total number of rooms rented out divided by the total available room nights[79] - The company launched a new themed hotel, Yuequan Lake Resort, which began operations in July 2019[87]

Financial Performance - Gudou Holdings Limited reported a total revenue of HKD 100 million for the fiscal year ending December 31, 2019, representing a year-on-year increase of 15%[22]. - The company recorded a revenue of approximately RMB 238.2 million for the year ended December 31, 2019, a decrease of about 4.2% compared to the previous year[53]. - The company reported a net profit margin of 20% for the fiscal year, reflecting effective cost management and operational efficiency[22]. - The net profit for the period was approximately RMB 24.6 million, an increase from RMB 15.6 million in the previous year, resulting in a basic earnings per share of RMB 2.51, up from RMB 1.59[53]. - The group's total revenue for the period was approximately RMB 238.2 million, a decrease of about 4.2% compared to RMB 248.7 million in 2018[61]. - The group's gross profit for the period was approximately RMB 105.8 million, an increase of about 15.9% from RMB 91.3 million in 2018[63]. - The group's net profit increased by 58.1% to approximately RMB 24.6 million, compared to RMB 15.6 million in 2018[68]. - The company anticipates a revenue growth of 10-12% for the upcoming fiscal year, driven by increased tourist arrivals and enhanced service offerings[22]. Revenue Sources - Revenue from the resort and hotel operations increased by approximately 13.0% to about RMB 161.3 million compared to the previous year[54]. - Room revenue and entrance fees contributed to revenue growth of approximately 20.7% and 10.8%, respectively, compared to 2018[54]. - The company generated approximately RMB 19 million from consulting services related to project development strategies, an increase of about 10.6% from 2018[54]. - Revenue from tourism property development decreased by approximately 27.4% to about RMB 76.9 million due to a reduction in the total area sold and delivered[112]. - The company sold and delivered 110 units of the Qianxin Health Apartment, generating revenue of approximately RMB 46.2 million[112]. Operational Highlights - The occupancy rate of the hotels within the Gudou Hot Spring Resort reached 75% during the reporting period, indicating a strong demand for accommodation[21]. - The company plans to expand its property portfolio by developing new tourism projects, including the Guanshan Yue Mansion and the Yishui Mingting, which are currently under development[11]. - Gudou Holdings Limited is focusing on improving its marketing strategies to attract more domestic tourists, particularly from nearby cities, to boost occupancy rates further[26]. - The company aims to enhance its service offerings by introducing new wellness and spa services in its existing hotels, targeting an increase in customer satisfaction and repeat visits[27]. Strategic Initiatives - Gudou Holdings Limited has entered into a cooperation agreement with Guangdong Aoyuan for land development, which is expected to enhance its market presence and operational capacity[5]. - The company is exploring potential mergers and acquisitions to accelerate growth and expand its market share in the tourism sector[12]. - The company plans to continue its core business strategy in the tourism property development sector, with a focus on the delivery of properties starting in 2020[114]. - The company is actively seeking opportunities to provide management services to other hot spring resorts and has established consulting agreements in Gansu and Sichuan provinces[119]. Sustainability and Compliance - Gudou Holdings Limited is committed to sustainable development practices in its operations, aiming to reduce its environmental footprint while enhancing guest experiences[53]. - The group incurred annual environmental compliance costs of approximately RMB 207,000 in the reporting period, down from RMB 240,000 in 2018[80]. - The company has maintained internal control systems to ensure compliance with necessary permits and licenses for business operations[129]. - The company has engaged experts to monitor the quality and quantity of its hot spring water sources annually[129]. Impact of COVID-19 - The company anticipates that the financial performance in the first quarter of 2020 may be adversely affected due to the impact of the coronavirus outbreak on the global tourism industry[107]. - The COVID-19 outbreak led to a temporary suspension of operations at the Gudu Hot Spring Resort from January 28 to March 5, 2020, impacting visitor numbers and occupancy rates[182]. - Management believes the impact of COVID-19 on property development timelines is minimal, although prolonged effects could alter completion schedules[182]. Corporate Governance - The board of directors includes both executive and non-executive members, with changes in membership noted as of April 2019[150]. - The company has complied with corporate governance codes, with a review of the chairman and CEO roles to ensure effective governance[188]. - The board has established an internal framework to ensure that significant transactions require board approval, including capital expenditures exceeding certain thresholds[191]. - The board has formed four committees: Audit Committee, Nomination Committee, Remuneration Committee, and Compliance Committee, to assist in fulfilling its responsibilities[200].

GuDou 古兜控股有限公司 Gudou Holdings Limited (於開曼解馬註开成立之有限公司) 股份代號：8308 2019 第三季度業績報告 香港聯合交易所有限公司 GEM 之特色 GEM 之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險之 中小型公司提供一個上市之市場。準投資者應了解投資於該等公司之潛在風 險，並應經過審慎周詳之考慮後方作出投資決定。 由於 GEM 上市公司普遍為中小型公司，在 GEM 買賣之證券可能會較於香港 聯交所主板買賣之證券承受較大之市場波動風險，同時無法保證在 GEM 買賣 之證券會有高流通量之市場。 香港交易及結算所有限公司及香港聯交所對本報告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本報告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照 GEM上市規則而刊載，旨在提供有關本公司之資料；董 事願就本報告之資料共同及個別地承擔全部責任。各董事在作出一切合理查 詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備， 沒有誤導或欺詐成份，且並無遺漏任何其他事項，足以令致本 ...

Financial Performance - For the six months ended June 30, 2019, the group's revenue was approximately RMB 56.3 million, a decrease of 13.7% compared to the same period in 2018[4] - The gross profit for the same period decreased by 61.5% to approximately RMB 5.8 million, down from RMB 15.2 million in 2018[4] - The net loss for the six months ended June 30, 2019, was approximately RMB 18.6 million, compared to a loss of RMB 8.5 million for the same period in 2018[4] - Basic loss per share for the six months ended June 30, 2019, was approximately RMB 1.9 cents, compared to RMB 0.9 cents for the same period in 2018[4] - The total comprehensive loss for the period was RMB 18,630,000, which includes a loss attributable to owners of the company of RMB 18,558,000[13] - The group reported a loss before tax of RMB 14,563,000 for the six months ended June 30, 2019, compared to a loss of RMB 16,146,000 for the same period in 2018[31] - The group’s deferred tax expenses for the six months ended June 30, 2019, were RMB 3,259,000, compared to RMB 4,833,000 for the same period in 2018[37] - The company reported a loss attributable to owners of RMB 10,721 thousand for the three months ended June 30, 2019, compared to a loss of RMB 9,344 thousand for the same period in 2018, representing an increase of 14.8%[40] - The net loss increased by approximately RMB 10,100,000 or 119.0% to about RMB 18,600,000 compared to RMB 8,500,000 in the same period last year[87] Assets and Liabilities - The total assets as of June 30, 2019, were RMB 1,138.2 million, an increase from RMB 1,109.2 million as of December 31, 2018[7] - Current liabilities as of June 30, 2019, amounted to RMB 365.9 million, compared to RMB 275.4 million as of December 31, 2018[9] - Total liabilities increased to RMB 733.2 million as of June 30, 2019, from RMB 686.8 million as of December 31, 2018[10] - The company reported total equity of RMB 404,995,000 as of June 30, 2019, down from RMB 407,457,000 at the end of the previous year, reflecting a decrease of about 0.6%[16] - The total accounts receivable as of June 30, 2019, was RMB 28,229 thousand, down from RMB 64,447 thousand as of December 31, 2018, reflecting a decrease of 56.2%[44] - The total bank loans as of June 30, 2019, amounted to RMB 266,937 thousand, a decrease from RMB 291,511 thousand as of December 31, 2018, representing a reduction of 8.4%[49] - The company’s accounts payable decreased to RMB 70,224 thousand as of June 30, 2019, from RMB 79,856 thousand as of December 31, 2018, reflecting a decline of 12.0%[44] - Approximately RMB 459,600,000 of the group's assets were mortgaged to banks for financing as of June 30, 2019[92] Cash Flow - The company reported a significant decrease in cash and cash equivalents, which were RMB 19.9 million as of June 30, 2019, down from RMB 41.5 million as of December 31, 2018[7] - For the six months ended June 30, 2019, the company reported a net cash inflow from operating activities of RMB 23,586,000, an increase from RMB 20,455,000 in the same period of 2018, representing a growth of approximately 10.4%[18] - The company experienced a net cash outflow from investing activities of RMB 11,714,000, compared to RMB 11,414,000 in the previous year, indicating a slight increase in investment spending[18] - Financing activities resulted in a net cash outflow of RMB 33,561,000, a significant decrease from the net cash inflow of RMB 10,246,000 in the same period of 2018, reflecting changes in financing strategy[18] - As of June 30, 2019, the group's bank and cash balance was approximately RMB 19,900,000, with outstanding capital commitments of about RMB 24,800,000[89] Revenue Breakdown - The company’s revenue for the six months ended June 30, 2019, was RMB 242,773,000, compared to RMB 229,183,000 in the same period of 2018, marking an increase of approximately 5.9%[13] - Property sales revenue for the six months ended June 30, 2019, was RMB 14,146,000, while room revenue was RMB 17,932,000, reflecting a decline of 16.5% and 16.5% respectively compared to the previous year[27] - Revenue from the operation of hot spring resorts and hotels decreased by approximately 35.4% to about RMB 42.2 million during the first half of 2019[75] - The company generated approximately RMB 14.1 million in revenue from tourism property sales during the period, compared to no sales in the same period of 2018[79] - The average room rate for the five themed hotels increased from approximately RMB 246.4 to RMB 254.2, primarily due to reduced promotional pricing during the period[75] Corporate Governance - The company is committed to high standards of corporate governance, believing it is essential for sustainable growth and protecting shareholder interests[113] - The chairman and CEO positions are held by the same individual, which the board believes enhances business planning and decision-making efficiency[113] - The company will regularly review the need to appoint different individuals for the chairman and CEO roles to maintain good corporate governance[113] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[110] - No directors or major shareholders have reported any interests in businesses that compete with the company as of June 30, 2019[112] Future Outlook and Strategy - The company aims to enhance its position in the hot spring and hotel industry, continuing to operate new hot spring resorts[64] - The company plans to continue expanding its tourism property development business and enhance the "古兜" brand through various promotional activities[68] - The group plans to diversify its revenue sources by providing consulting services to potential leisure hotels and resorts[97] - The group does not expect revenue to increase before the end of the third quarter of 2019 due to colder weather in the autumn and winter seasons[98] - The company is focused on expanding its market presence and exploring new strategies for growth, including potential mergers and acquisitions[156] Stock Options and Shareholding - The company has a stock option plan that includes derivative instruments related to its shares[104] - A total of 51,940,000 shares were granted under the stock option plan to 18 eligible individuals, with 29,890,000 shares granted to directors, senior executives, and major shareholders[114] - The exercise price for the stock options is set at HKD 0.62 per share[116] - The stock options can be exercised in four periods, with each period allowing for the exercise of 25% of the total shares to be issued upon exercise[119] - As of June 30, 2019, the company had issued a total of 980,000,000 shares, with major shareholders holding significant stakes[104]

GuDou 古兜控股有限公司 Gudou Holdings Limited (於開曼解馬註开成立之有限公司) 股份代號：8308 2019 第一季度業績報告 香港聯合交易所有限公司 GEM 之特色 GEM 之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險之 中小型公司提供一個上市之市場。準投資者應了解投資於該等公司之潛在風 險，並應經過審慎周詳之考慮後方作出投資決定。 由於 GEM 上市公司普遍為中小型公司，在 GEM 買賣之證券可能會較於香港 聯交所主板買賣之證券承受較大之市場波動風險，同時無法保證在 GEM 買賣 之證券會有高流通量之市場。 香港交易及結算所有限公司及香港聯合交易所對本報告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本報告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照 GEM上市規則而刊載，旨在提供有關本公司之資料；董 事願就本報告之資料共同及個別地承擔全部責任。各董事在作出一切合理查 詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備， 沒有誤導或欺詐成份，且並無遺漏任何其他事項，足以令 ...

Financial Performance - Gudou Holdings Limited reported a revenue increase of 15% year-over-year, reaching HKD 150 million for the fiscal year ending December 31, 2018[20]. - The company recorded a revenue of approximately RMB 248.7 million for the year ended December 31, 2018, representing a decrease of about 21.9% compared to the previous year[40]. - The group's total revenue for the period was approximately RMB 248,700,000, a decrease of about 21.9% from RMB 318,500,000 in the previous year[47]. - The net profit for the period was approximately RMB 15.6 million, down from approximately RMB 52.4 million in the previous year[40]. - Profit attributable to owners of the company was approximately RMB 15.6 million, a decrease of 70.3% from RMB 52.4 million in the same period last year[93]. - Gross profit for the period was approximately RMB 91,300,000, a decrease of about 23.6% compared to RMB 119,500,000 in the previous year[49]. - The average gross margin for hot spring resorts and hotel operations increased to approximately 31.6% from 23.7% in the previous year[49]. Revenue Sources - The group's revenue from hot spring resorts and hotel operations increased by approximately 13.7% to about RMB 142,700,000 compared to the previous year[41]. - Revenue from tourism property development decreased by approximately 45.1% to about RMB 106,000,000, primarily due to the reduced total saleable area delivered in 2018[42]. - Admission fee revenue increased by approximately 33.3% due to a rise in ticket prices at the hot spring resort[97]. - Room revenue from themed hotels increased by approximately 7.3%, despite a decrease in occupancy rate from 39.4% to 34.7%[97]. - The company sold and delivered 187 residential units and 44 commercial units of the泉心養生公寓, accounting for 62.8% of the total saleable area[99]. Customer Engagement and Satisfaction - The occupancy rate of the hotels within the Gudou Hot Spring Resort reached 85%, indicating strong demand for the hospitality services offered[27]. - User data indicates a 25% increase in repeat customers, highlighting customer satisfaction and loyalty towards the brand[20]. - The company has launched a new wellness program at its resorts, which has already attracted a significant number of bookings, contributing to a 5% increase in overall revenue[20]. Strategic Initiatives - The company plans to expand its property portfolio by adding two new hotel projects in the next fiscal year, which are expected to increase overall capacity by 30%[20]. - Gudou Holdings Limited is investing HKD 20 million in new technology for enhancing customer experience at its resorts, focusing on digital check-in and smart room features[20]. - The company has set a target revenue growth of 20% for the upcoming fiscal year, driven by increased marketing efforts and new service offerings[20]. - Gudou Holdings Limited is exploring potential acquisition opportunities in the tourism sector to further enhance its market presence[20]. - The company aims to expand its tourism property development business and enhance its management and consulting services for other leisure hotels and resorts[101]. Corporate Governance - The company is committed to high standards of corporate governance, believing it is essential for sustainable growth and protecting shareholder interests[175]. - The company has established four board committees to assist the board in fulfilling its responsibilities, including an audit committee, nomination committee, remuneration committee, and compliance committee[187]. - The board consists of eight directors, including four executive directors, one non-executive director, and three independent non-executive directors[178]. - The company has adopted a standard code of conduct for securities trading, ensuring compliance with GEM Listing Rules[177]. Financial Management - The group's outstanding bank loans were approximately RMB 291.5 million as of December 31, 2018, with RMB 71 million being fixed-rate borrowings[59]. - The capital-to-debt ratio decreased from approximately 0.8 in 2017 to 0.7 in 2018, primarily due to the repayment of certain bank loans and an increase in total equity from net profit[59]. - The total employee cost for the group was approximately RMB 54 million for the year ending December 31, 2018, down from RMB 55.8 million in 2017[65]. Sustainability and Compliance - Gudou Holdings Limited is committed to sustainable practices, with plans to implement eco-friendly initiatives across its properties in the next fiscal year[20]. - The annual environmental compliance costs increased to approximately RMB 240,000 in the reporting period, up from RMB 38,000 in 2017[67]. - The company has complied with relevant laws and regulations affecting its business operations, with no significant non-compliance issues reported[118]. Shareholder Information - The total reserves available for distribution to shareholders as of December 31, 2018, amounted to approximately RMB 324,200,000, a slight decrease from RMB 324,400,000 in 2017[120]. - The company did not recommend any final dividend for the period, nor was there any interim dividend paid during this period[119]. - The company has adopted a share option scheme effective from December 9, 2016, allowing for the issuance of up to 98,000,000 shares, representing 10% of the total issued shares as of the report date[128].