Zhongxin Tourism: Business exhibition does not rely on individual major customers

Securities Times Network (www.stcn.com) January 14, the public letter travel Online Roadshow 14th morning. In view of the concerns of investors, the company chairman Feng said, business exhibition as one of the most important market segments of modern tourism, the company's business scale has been formed, the future will continue to upgrade the relevant business, but will not form dependent on a number of major customers situation. Feng said that the company's business awards business in recent years has been a rapid development, has a number of the world's top 500 and domestic and foreign well-known enterprise customers and government, institutions and other customers, in the industry set up the public Letter of Business Awards (U-mice) professional brand status. With the development of the Business Meeting Award business, the comprehensive ability and professionalism of the company to operate the large-scale business meeting awards will also be raised. It has obvious advantages in resource mastery and brand influence. It is reported that with the continuous development of the company's Business awards business, the relevant business in the proportion of operating income is increasing; In addition, the company's scale advantages, bargaining power gradually rise, the company's overall gross margin will maintain a higher level, but also further improve the company's overall profitability. The prospectus shows that 2012 and 2013 1-June, the company's comprehensive gross profit margin of 9.93% and 9.46%, the higher margin of outbound travel retail and business awards business total in the operating income accounted for 43.85% and 48.98%, the proportion of the period of increase. Among them, the Business Council award business receipts in 2011 and 2012, respectively, increased by 54.09% and 46.48%. (Mengxin)