Guangzhou Tower’s revenue increased by about 10% last year and plans to apply for US $ 500 million to ease the pressure on rehabilitation funds

On April 24, Guangzhou Tower Tourism Culture Development Co., Ltd. (hereinafter referred to as “Guangzhou Tower”) released its 2019 annual report.Report the fact that Guangzhou Tower achieved revenue6.9% ten percent, an annual increase of 10.09%; Net profit 1.$ 4.4 billion, an annual increase of 3.46%.In terms of product classification, Guangzhou Tower achieved tickets and entertainment income in 20193.$ 5.9 billion, an annual increase of 4.05%.The Guangzhou Tower stated that the reason for the increase was the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the further improvement of Guangzhou’s new landmarks.Social media platform, Guangzhou Tower passenger traffic increased significantly.Due to the full operation of Guangzhou Tower Fortune Terminal, ticket purchases increased by 200,000 passengers, and at the same time, it has expanded advertising business and cooperation projects. In 2019, Guangzhou Tower achieved tourism agency income of 9666.70,000 yuan, an annual increase of 57.67%.In the catering and merchandise sales segment, Guangzhou Tower achieved revenues of 1.1.7 billion and 3222.670,000 yuan, an increase of 7.61% and 16.77%.Pearl River Cruise revenue is 0.9.7 billion, an annual increase of 57.67%.The new coronary pneumonia epidemic has affected the operation of Guangzhou Tower in 2020.During the outbreak, the Guangzhou Tower closed the company’s business premises, and all tourism projects were completely suspended.In order to alleviate the pressure of operating funds arising from the epidemic, Guangzhou Tower intends to apply to shareholders Guangzhou City Construction Investment Group Co., Ltd. for liquidity expenditures with a size not exceeding USD 500 million.Despite the impact of the infection, some plans for the Guangzhou Tower in 2020 are still in order.Guangzhou Tower’s “Chaoxiu” Guangzhou Night Economic Project is expected to be in trial operation in the first half of 2020, and in the second half of the year, the supplementary high-altitude amusement project will also begin trial operation.In addition, the investment work of the Guangzhou Zoo New Ocean Pavilion project and the Guangzhou International Media Port East Tower project are currently under active promotion.Sauna, Ye Wang Zheng Yijia editor Li Zheng proofreading Li Xiangling picture Guangzhou Tower official website screenshot