Revenue Performance - Revenue from hot spring resort and hotel operations for the 6 months ended June 30, 2021, was RMB 29,683,000, a decrease of 22.9% compared to RMB 38,353,000 in 2020[7] - Revenue from tourism property development increased by 171.5% to RMB 3,812,000 for the 6 months ended June 30, 2021, compared to RMB 1,404,000 in 2020[7] - Revenue for the six months ended June 30, 2021, was RMB 33,495,000, a decrease of 2.0% compared to RMB 34,828,000 in the same period of 2020[27] - The Group's revenue for the six months ended June 30, 2021, was RMB 33,495,000, an increase from RMB 24,257,000 for the same period in 2020, representing a growth of approximately 38.2%[52] - Revenue from hot spring resort and hotel operations increased by approximately 29.9% to approximately RMB 29.7 million compared to the previous year[129] - Admission income for the six months ended June 30, 2021, was RMB 6,086,000, compared to RMB 3,897,000 for the same period in 2020, showing an increase of approximately 56.2%[52] Loss and Profitability - The company reported a gross loss of RMB 1,333,000 for the 6 months ended June 30, 2021, compared to a gross profit of RMB 459,000 in 2020, representing a decrease of 394.0%[7] - Loss from operations for the 6 months ended June 30, 2021, was RMB 18,047,000, an increase of 26.2% from RMB 24,455,000 in 2020[7] - The loss before income tax for the period was RMB 26,742,000, a decrease of 21.5% compared to RMB 34,051,000 in 2020[7] - Adjusted net loss for the 6 months ended June 30, 2021, was RMB 26,728,000, a decrease of 20.0% from RMB 33,421,000 in 2020[7] - The total comprehensive loss for the period was RMB 27,158,000, which includes a loss for the period of RMB 26,918,000[35] - The Group recorded a loss of approximately RMB 26.9 million for the six months ended June 30, 2021, an improvement from a loss of RMB 34.7 million for the same period in 2020[128] Operational Metrics - Average occupancy rate for luxury resort hotels was 28% for the three months ended June 30, 2021, down from 47% in 2020[22] - Average room rate for luxury resort hotels decreased to RMB 686 for the three months ended June 30, 2021, from RMB 790 in 2020[22] - RevPAR for luxury resort hotels was RMB 191 for the three months ended June 30, 2021, compared to RMB 375 in 2020[22] - Overall average occupancy rate increased to 25% for the six months ended June 30, 2021, from 13% in 2020[22] - The occupancy rate of the Group's nine themed hotel complexes increased from approximately 13% to approximately 25% for the same period[129] - Revenue per available room (RevPAR) increased by approximately 79.3%, from approximately RMB 39 in 2020 to approximately RMB 71 in 2021[173] Financial Position - Total assets as of June 30, 2021, were RMB 1,158,454,000, a slight decrease from RMB 1,169,236,000 as of December 31, 2020[30] - Total liabilities as of June 30, 2021, were RMB 733,041,000, an increase from RMB 716,855,000 as of December 31, 2020[32] - Non-current assets as of June 30, 2021, amounted to RMB 978,545,000, compared to RMB 959,093,000 as of December 31, 2020[30] - Cash and bank balances as of June 30, 2021, were RMB 6,653,000, a significant decrease from RMB 25,518,000 as of December 31, 2020[30] - The Group's outstanding bank loans amounted to RMB 264.9 million as of June 30, 2021, with RMB 71.0 million being fixed rate borrowings[147] Shareholder Information - Major shareholders include Harvest Talent and China Aoyuan, owning 34.34% and 29.18% of the issued shares respectively as of June 30, 2021[103] - The total number of shares issued by the company as of June 30, 2021, is 980,000,000[191] - The interests of substantial shareholders are recorded in the register required under Section 336 of the SFO[189] Future Outlook and Strategy - The company is focused on enhancing its core operating performance and managing costs associated with its listing transition from GEM to the Main Board[12][13] - The Group plans to expand its tourism property development business by adopting standardized development procedures to enhance capital efficiency[115] - Major pre-sale of jointly developing property projects is expected to continue in the second half of 2021, with properties to be delivered from 2021 onwards[116] - The Group aims to enhance the "Gudou" brand through strict quality control and promotional events, including celebrations for Chinese New Year and Labor Day in 2021[118] Compliance and Governance - The company has adopted a code of conduct regarding securities transactions by Directors, ensuring compliance with GEM Listing Rules[200] - The company confirmed that all Directors complied with the required standard of dealings throughout the period[200]

Revenue Performance - Revenue from hot spring resort and hotel operations increased by 87.9% to RMB 18,006,000 compared to RMB 9,584,000 in the previous year[6] - Revenue from tourism property development surged by 359.4% to RMB 2,049,000 from RMB 446,000 year-on-year[6] - The total revenue for the first quarter of 2021 was RMB 20,055,000 (approximately $3.1 million), a significant increase from RMB 10,030,000 in the same period of 2020, representing a growth of 99.9%[18] - The company reported revenue of approximately RMB 20,100,000 for the three months ended March 31, 2021, representing a 100.0% increase compared to RMB 10,000,000 for the same period in 2020[40] - Revenue from resort operations, including ticket sales from the hot spring valley, was RMB 3,372,000, up from RMB 1,056,000 in the previous year, marking an increase of 219.0%[33] - Hotel room revenue reached RMB 8,747,000 in the first quarter of 2021, compared to RMB 3,852,000 in the same period of 2020, representing a growth of 127.5%[33] - Ticket revenue increased to approximately RMB 3,400,000, a 219.3% increase compared to RMB 1,100,000 in the same period of 2020, driven by an increase in visitor numbers[53] - Room revenue rose to approximately RMB 8,700,000, a 127.1% increase from RMB 3,900,000 in the same period of 2020, due to growing demand for luxury resort hotels[53] Profitability and Loss - Gross profit improved to RMB 2,313,000 from a gross loss of RMB 6,308,000, marking a 136.7% increase[6] - The gross profit for the first quarter of 2021 was RMB 2,313,000, compared to a gross loss of RMB 6,308,000 in the first quarter of 2020, indicating a turnaround in profitability[18] - The total comprehensive loss for the first quarter of 2021 was RMB 9,808,000, down from RMB 21,890,000 in the first quarter of 2020, showing a decrease of 55.2%[20] - Operating loss decreased by 68.6% to RMB 5,242,000 from RMB 16,702,000 year-on-year[6] - The operating loss for the first quarter of 2021 was RMB 5,242,000, a substantial improvement from an operating loss of RMB 16,702,000 in the same quarter of the previous year, reflecting a reduction of 68.7%[18] - Loss before tax reduced by 55.6% to RMB 9,576,000 compared to RMB 21,589,000 in the previous year[6] - The company recorded a pre-tax loss of approximately RMB 9,600,000, down from RMB 21,600,000 in the same period last year, reflecting increased revenue[48] - Net loss attributable to owners decreased by 55.7% to RMB 9,656,000 from RMB 21,815,000 year-on-year[6] - The net loss attributable to the company's owners for the three months ended March 31, 2021, was approximately RMB 9,700,000, a decrease of about 55.7% from RMB 21,800,000 for the same period in 2020[51] Occupancy and Room Rates - Average occupancy rate for luxury resorts dropped to 16.8% from 59.1% in the previous year[15] - Average room rate for luxury resorts slightly decreased to RMB 808 from RMB 845 year-on-year[15] - The occupancy rate of the company's themed hotels increased from approximately 10.9% to about 26.3% during the reporting period[41] - The average room rate for the company's themed hotels increased from approximately RMB 271.4 to about RMB 336.8, reflecting higher contributions from luxury resort hotels[41] Future Plans and Market Strategy - The company plans to continue investing in the renovation of the Gudou Hot Spring Resort, which significantly impacts its cost structure[9] - The company plans to continue expanding its market presence and enhance its service offerings in the tourism sector[30] - The company is focused on developing new products and services to drive future growth and improve overall financial performance[30] - The company anticipates continued demand for health and wellness services, driven by increased public awareness of health since the COVID-19 outbreak[52] - The company plans to continue focusing on health and wellness tourism, expanding its offerings in dining and spa services to enhance secondary spending at its resorts[53] - Two new city hotels opened in the first quarter of 2021, contributing to the group's revenue[53] - The management aims to seek opportunities to expand its hotel footprint domestically to diversify revenue sources further[53] Corporate Governance and Compliance - The company has complied with applicable corporate governance code provisions, except for the chairman and CEO positions being held by the same individual, which is under regular review by the board[66] - The company is committed to high standards of corporate governance to ensure sustainable growth and maximize shareholder value[66] - The company is committed to adhering to the GEM listing rules, ensuring compliance with regulatory standards[96] - The audit committee has reviewed the report and the group's unaudited consolidated financial performance for the three months ending March 31, 2021, ensuring compliance with applicable accounting standards[75] Share Options and Securities - The company has adopted a share option scheme since November 18, 2016, which became unconditional after listing and is valid for 10 years[67] - A total of 47,040,000 share options were granted as of April 5, 2017, with an exercise price of HKD 0.62[69] - The share options can be exercised in specified periods, with 25% of the total shares to be issued upon exercise[71] - The company has not purchased, redeemed, or sold any of its listed securities during the three months ending March 31, 2021[74] Development and Expansion - The total area of the target land for development at the resort is approximately 67,860.7 square meters, indicating potential for future expansion[111] - The company is focused on enhancing its offerings through new product and technology development, although specific details were not provided in the report[111] - The company operates the "Yuequan Lake Resort Hotel," which began operations in July 2019, contributing to the overall portfolio[111] Financial Reporting - The financial report covers the three-month period ending March 31, 2021, providing insights into the company's performance during this timeframe[103] - The report indicates that the company is owned entirely by Mr. Han, who is also the founder and chairman, highlighting strong leadership[95] - The report does not provide specific financial figures or percentages related to revenue or profit, indicating a need for further detailed financial disclosures[112] - As of March 31, 2021, the company has not received any notification from individuals (excluding directors or senior executives) regarding ownership interests in the company's shares or related shares[62] - No management or administrative contracts related to significant parts of the company's business were established or are in effect during the three months ending March 31, 2021[65] - No interests were held by directors or controlling shareholders in any competing businesses as of March 31, 2021[63]

Business Operations - Gudou Holdings Limited operates in hot spring tourism, leisure health, and wellness, managing hot spring resorts and urban hotels[31]. - The Gudou Hot Spring Resort is a national AAAA-level tourist area located in Jiangmen City, Guangdong Province, featuring hot spring facilities, six themed hotels, and a waterpark[33]. - As of the report date, Gudou has opened two urban hotels in Jiangmen and Guangzhou in Q1 2021, expanding its hotel business[33]. - The Group has completed seven tourism property projects, including South Asian Villas and Mountain Seaview Vacation Apartments, aimed at providing holistic living experiences[35]. - The Group is engaged in the operation and management of Gudou Hot Spring Resort and provides consultancy and management services to third-party resort and hotel operators[102]. Financial Performance - Revenue for the year ended December 31, 2020, was RMB 127,249,000, a decrease of 46.6% compared to RMB 238,221,000 in 2019[44]. - Gross profit for 2020 was RMB 57,860,000, down 45.3% from RMB 105,845,000 in 2019[44]. - Operating profit decreased by 60.0% to RMB 26,135,000 in 2020 from RMB 65,256,000 in 2019[44]. - Profit before income tax for 2020 was RMB 9,332,000, representing an 80.5% decrease from RMB 47,793,000 in 2019[44]. - Profit attributable to owners of the Company for 2020 was RMB 2,861,000, down 88.4% from RMB 24,614,000 in 2019[44]. - Basic earnings per share for 2020 was 0.29 RMB cents, a decrease of 88.4% compared to 2.51 RMB cents in 2019[44]. - EBITDA for 2020 was RMB 63,558,000, a decrease of 37.4% from RMB 101,509,000 in 2019[46]. - Adjusted net profit for 2020 was RMB 7,481,000, a decrease of 73.8% compared to the previous year[46]. - The tourism property development segment saw a significant decline of 77.9%, with revenue dropping to RMB 16,995,000 from RMB 76,947,000 in 2019[44]. Operational Challenges - Gudou Hot Spring Resort temporarily suspended operations from January 28, 2020, and partially resumed on March 6, 2020, due to COVID-19 measures[66]. - The Group's performance was significantly impacted by precautionary measures implemented by the Guangdong provincial government to deter the spread of COVID-19[104]. - Revenue from the Group's hot spring resort and hotel operations decreased due to temporary suspension of operations in Q1 2020, with full operations resuming only in October 2020[104]. - Revenue from the Group's tourism property development business decreased due to a reduction in gross floor area sold and delivered, as most units of Heart of Spring Apartments were sold in 2019[104]. Market and Customer Engagement - The average occupancy rate for luxury resort hotels remained stable at 60% in both 2020 and 2019, while middle-end resort hotels dropped to 21% from 35%[60]. - The average room rate for luxury resort hotels decreased to RMB 862 in 2020 from RMB 1,051 in 2019, a decline of approximately 18%[60]. - RevPAR for luxury resort hotels fell to RMB 516 in 2020 from RMB 630 in 2019, representing a decrease of about 18%[60]. - The 8th Xinhui Yamen Gudou Crab Festival was held from June 20 to August 20, showcasing local gourmet and attracting tourists[75]. - The Planet Galaxy Beach Music Party promoted healthy living through popular music and dance on video platforms like TikTok[76]. - The 2nd Xinhui Mandarin Orange Festival was successfully held, featuring a fusion of Chinese and Western cuisine, well-received by tourists[82]. Community and Social Responsibility - Gudou Holdings initiated a donation activity to support those in need due to the novel coronavirus pneumonia epidemic[67]. - The Group participated in community projects, such as sponsoring "Lunch Boxes for the Elderly Day" to express care for senior citizens[93]. Management and Governance - The company is led by Mr. Han Zhiming, who is the founder, chairman, CEO, and executive director, with overall management and strategic planning responsibilities since its establishment in 2000[180]. - The company has a strong governance structure with independent non-executive directors, including Mr. Wu Sai Him, who has over 38 years of experience in building construction and civil engineering[190]. - The leadership team is committed to ensuring compliance and governance, with Ms. Zhen Yaman serving as the compliance officer and chairlady of the compliance committee[185]. - The management team has a diverse educational background, with degrees from institutions such as Sun Yat-sen University and the University of Melbourne, enhancing their expertise in various fields[183][185]. Cost Management - Administrative expenses were reduced from RMB49.3 million in 2019 to RMB36.2 million in 2020, representing a 26.5% decrease[121]. - Selling expenses decreased from RMB19.1 million in 2019 to RMB15.1 million in 2020, representing a 20.8% reduction[121]. - The Group's cost of sales for the period was approximately RMB69.4 million, a decrease of approximately 47.6% from RMB132.4 million in 2019[130]. Future Outlook - The Company is focusing on enhancing its operational efficiency and exploring new market opportunities to recover from the downturn[44]. - The Group aims to enhance its market presence through the development and sale of tourism properties in Guangdong Province[102]. - The company aims to enhance its market position through strategic investments and partnerships within the tourism and hospitality sectors[189].

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].

Financial Performance - For the nine months ended September 30, 2019, the group's revenue was approximately RMB 108,900,000, an increase of 11.9% compared to the same period in 2018[4] - The gross profit for the nine months ended September 30, 2019, increased by 39.0% to approximately RMB 33,100,000 compared to the previous year[4] - The net loss for the nine months ended September 30, 2019, was approximately RMB 7,500,000, an improvement from a net loss of RMB 13,600,000 in the same period of 2018[4] - The basic loss per share for the nine months ended September 30, 2019, was RMB 0.8 cents, compared to RMB 1.4 cents for the same period in 2018[4] - The total comprehensive loss for the nine months ended September 30, 2019, was RMB (7,536,000)[10] - The company recorded a net loss attributable to owners of RMB 7,536,000 for the nine months ended September 30, 2019, compared to a loss of RMB 13,594,000 for the same period in 2018, indicating an improvement in financial performance[25] - Basic earnings per share for the nine months ended September 30, 2019, was a loss of RMB 0.8, compared to a loss of RMB 1.4 for the same period in 2018, showing a reduction in loss per share[25] - The company incurred a tax expense of RMB 6,746,000 for the nine months ended September 30, 2019, compared to 7,493,000 for the same period in 2018, indicating a decrease in tax liabilities[23] - The pre-tax loss for the period was approximately RMB 800,000, a significant decrease of about 87.1% from RMB 6.1 million for the same period in 2018[38] - The income tax expense for the period was approximately RMB 6.7 million, a decrease of about 10.0% from RMB 7.5 million for the same period in 2018[39] Revenue Breakdown - Room revenue for the nine months ended September 30, 2019, was RMB 39,786,000, up from RMB 31,379,000 in the same period of 2018, reflecting a growth of about 27%[21] - Revenue from the resort and hotel operations decreased by approximately 5.8% to about RMB 91.6 million for the nine months ended September 30, 2019, primarily due to declines in entrance fees, dining, and consulting service revenues[31] - Total property sales revenue for the nine months ended September 30, 2019, was RMB 17,304,000, with no property sales recorded in the same period of 2018[21] - The company recorded revenue from tourism property sales of approximately RMB 17.3 million during the period, with 49 units of the Spring Heart Health Apartments sold, contributing about RMB 15.6 million[33] - The company's revenue for the nine months ended September 30, 2019, was approximately RMB 108.9 million, an increase of about 11.9% compared to RMB 97.3 million for the same period in 2018[30] Dividend and Shareholder Information - The board of directors did not recommend the payment of any interim dividend for the nine months ended September 30, 2019[4] - The company did not declare or pay any dividends for the nine months ended September 30, 2019, consistent with the previous year[23] - As of September 30, 2019, Mr. Han holds a total of 341,400,000 shares, representing 34.84% of the issued share capital[44][45] - Major shareholder Harvest Talent owns 336,500,000 shares, accounting for 34.34% of the issued share capital as of September 30, 2019[48][50] - Phoenix Virtue Limited, a major shareholder, holds 286,000,000 shares, which is 29.18% of the issued share capital[48][51] - The company has issued a total of 980,000,000 shares as of September 30, 2019[45][50] Corporate Governance and Compliance - The company has complied with the corporate governance code, with a review planned to ensure adherence to best practices[55] - The company is committed to high standards of corporate governance to protect shareholder interests[55] - The audit committee reviewed the unaudited consolidated financial performance for the nine months ending September 30, 2019, ensuring compliance with applicable accounting standards[68] - The company has not announced any new product or technology developments, market expansions, or mergers and acquisitions during this reporting period[4] Market and Operational Insights - The occupancy rate of the company's six themed hotels decreased from approximately 36.0% to about 33.3% for the nine months ended September 30, 2019[31] - The group's resort and hotel operations faced challenges in the first nine months of 2019 due to climate warming and a decrease in consumer demand compared to the same period in 2018[42] - The group expects an increase in revenue for the fourth quarter of 2019, driven by the winter appeal of hot spring customers and the opening of the Moon Spring Lake Hotel in July 2019[42] - The management is committed to improving business performance and seeking investment opportunities for the benefit of the company and its shareholders in 2019[42] - The company has launched a new themed hotel, the Yuequan Lake Hotel, which began operations in July 2019[95] Share Option Scheme - The company has adopted a share option scheme since November 18, 2016, which is valid for 10 years[56] - A total of 51,940,000 shares were granted under the share option scheme to 18 eligible individuals[58] - The exercise price for the share options is set at HKD 0.62 per share[59] - The share options can be exercised in four tranches, with 25% of the total shares available for exercise from April 5, 2018, to April 4, 2025[62]

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 ...