Zhitong Financial App News, Honghai Holdings Group (08020) issued an announcement, taking into account the substantial growth in the group's financial and operating results, improved profitability, and successfully realized the company's plan, and the performance was close to the forecast revenue for the third quarter of fiscal year 2021 ╱ 22 and 2022 ╱ 23 provided by the company in the previous submission and review hearing. Thanks to the efforts of the company's management, the Group actively and successfully diversified and expanded its dry bulk shipping and logistics agency business as well as IP automation and entertainment business to the new division in fiscal year 2021 ╱ 22 and fiscal year 2022 ╱ 23. The Group has developed a sustainable and viable business model in two business segments of the Group and has established long-term relationships with solid customers and suppliers, while the 2021 ╱ 22 Annual report and 2022 ╱ 23 Annual report reflect growing financial performance (without any audit adjustments) In view of the growth of IP automation and entertainment business, with two large-scale integrated entertainment and sports playgrounds (Sooper Yoo and Huizhou Playground), and in the current financial year, one IP theme center, one large playground and one Walt Disney Company project in Macau will be operated and managed by the Group, the Group will no longer rely solely on dry bulk shipping and logistics agency business in customer clusters in fiscal year 2021 ╱ 22. In addition, the group will no longer have the problem of customer concentration, because the customers brought to the operation of large amusement parks include the organizers and the public, mainly families, children, students and groups The light asset nature of the group's business (mainly including service-related and agency business segments) indicates that the capital expenditure required for the development of the group's business is not significant, so the group is significantly improving its financial performance, but is able to maintain and retain sufficient capital for any further business development and ╱ or expansion, the directors still believe that the company is currently carrying out a sufficient level of business operations and sufficient assets to support its operations. Guarantee that it will continue to be listed on the Stock Exchange in accordance with Rule 17.26 of the GEM listing rules.
In addition, trading will continue to be suspended.