On March 7, Shenzhen Overseas Chinese Town Co.Ltd(000069) released the record of investor relations activities.
As for the main reasons for the decline of the net profit attributable to the parent company in the performance forecast of the company in 2021, Oct explained that the net profit attributable to the parent company decreased in 2021. On the one hand, the overall gross profit margin of the industry was in a downward trend, and the gross profit margin decreased compared with previous years due to the changes of the company’s carry forward region and carry forward structure; On the other hand, in recent years, the company has participated in some cooperative development projects in order to speed up the project development speed and complement the advantages with leading enterprises. This part of the projects entered the carry forward period this year, and the profits and losses attributable to minority shareholders have increased compared with previous years.
On January 29, Shenzhen Overseas Chinese Town Co.Ltd(000069) ( Shenzhen Overseas Chinese Town Co.Ltd(000069) . SZ) disclosed the performance forecast data of 2021. During the reporting period, the company’s net profit attributable to shareholders of listed companies is expected to be 3.188 billion yuan to 4.132 billion yuan, a decrease of 67.42% – 74.86% over the same period in 2020; The net profit after deducting non recurring profits and losses was 2.005 billion yuan to 2.949 billion yuan, a decrease of 69.55% – 79.29% over the same period in 2020.
OCT said that cultural tourism comprehensive business and real estate business are the two core businesses of the company. In terms of real estate business, the company will adhere to the investment principles of process control, risk prevention, seeking progress in stability, selecting the best from the best, ensuring cash and fixed investment based on income. First, strengthen the whole process control of investment, make careful decisions on new projects and select the best from the best; The second is to speed up the de conversion of stock projects and improve the turnover speed; Third, we will resolutely implement the strategy of setting investment by income and strictly prevent cash flow risks.
In terms of comprehensive cultural tourism business, in the long run, the cultural tourism market has good development prospects. The company will take “building a world-class cultural tourism enterprise with global competitiveness” as the goal, and strive to promote the high-quality development and high-efficiency growth of cultural tourism business through systematic measures such as product force construction, industrial chain layout, big data empowerment and fine operation.
As for whether the company’s cultural tourism business will be arranged in the third and fourth tier cities in the future, Oct said that the company is not limited to the single standard of urban energy level, and its core competitiveness and unique business model are not weakened by urban energy level. On the contrary, it is more competitive in some third and fourth tier cities with excellent cultural tourism resource endowment and rising urban comprehensive competitiveness.
In terms of theme park products, take happy valley as the representative, and develop flagship Happy Valley products in the first and second tier cities with good economic development foundation and residents’ consumption power; For a large number of third and fourth tier cities, develop innovative product systems that adapt to different urban energy levels, different customer groups and different investment scales. With the characteristics of smaller investment and lower threshold, it can realize the rapid layout of third and fourth tier cities and tourism destination cities and further improve the market share in the country.
As of the closing on March 7, Shenzhen Overseas Chinese Town Co.Ltd(000069) reported 6.9 yuan / share, down 1.57%.
