LNGF(SZ:002717)2022-12-06 10:48Group 1: Company Development Strategy - The company aims to expand from "ecological landscaping" to "cultural tourism," transitioning from B2B to B2C operations [2] - Plans to create a closed-loop profit chain in cultural tourism, integrating literature, film, animation IP content, immersive experiences, and theme park operations [3] Group 2: 2016 Half-Year Performance Review - In the first half of 2016, the company achieved revenue of CNY 1.064 billion, a year-on-year increase of 65.70% [3] - Net profit attributable to shareholders reached CNY 103 million, up 47.29% year-on-year [3] - The profit distribution ratio between "ecological landscaping" and "cultural tourism" is 70:30, with expectations for the cultural tourism segment to increase its profit share [4] Group 3: Ecological Landscaping Business - The ecological landscaping business generated revenue of CNY 931 million in the first half of 2016 [4] - The company has established five regional operation centers across the country, with a total of contracts (including framework agreements) growing rapidly, including PPP contracts worth CNY 5.35 billion [4] - A successful fundraising of CNY 1.05 billion was completed to support ecological landscaping business development [4] Group 4: Cultural Tourism Business - The cultural tourism segment achieved revenue of CNY 133 million in the first half of 2016, a 61.78% increase compared to the same period in 2015 [4] - The gross profit margin for this segment reached 48.37% [4] - The company has invested in over 50 IPs and is involved in projects like the film "Tomb Raider Notes" and the animation "Violent Martial Arts Academy" [5] Group 5: Business Operations and Models - The company explores the PPP model, which positively impacts cash flow from operational activities [5] - The theme park operation model is shifting towards high-tech cultural tourism, with strategies including self-built parks and "park within a park" models to enhance customer engagement [5] - The acquisition of Demaji is driven by the need for B2C brand establishment and leveraging overseas resources [6] Group 6: Financial and Market Insights - The company's gross profit margin has slightly adjusted due to the national five regional operation centers and the impact of the "business tax reform" [7] - The company clarifies that its focus is on the cultural tourism industry chain, with VR technology being one of the tools rather than the core business [7]