Share This

Public company info - DreamEast Group Limited , 00593.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

DreamEast Group Limited, 00593.HK - Company Profile
Chairman Zhou Jin
Share Issued (share) 285,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: The principal activities of the Group were provision of property development and leasing as well as tourism park operations and other services. Performance for the year: During the year, the Group recorded revenue of HK$18.953 million (2019: HK$120.0million). The Group recorded a net loss of HK$1,765.132 million (2019: HK$201.2 million). Basic loss per share attributable to the owners of the Company for the year amounted to HK$6.1828 (2019: HK$0.6999). Business Review: Cultural Entertainment Business Adhering to the promotion of Chinese culture with the focus on Chinese stories in the form of entertainment, original designs and craftsmanship, the development concept featuring “all-IPs” in the Group’s projects and the principle of User First, DreamEast is committed to delivering new entertainment experience with perfect online and offline integration by creating a unique offline entertainment platform. Meanwhile, with the vision of “Share the Beauty of China with the World (全球共享東方之美)”, it commits to the development approach of “Innovation and Globalization” which integrates Chinese history, humanities, art, aesthetics and fashion into its works, and creates unique new entertainment experience for customers with its oriental craftsmanship. Hengyang DreamEast Resort The Hengyang DreamEast Resort is situated in Hengyang, Hunan Province, China. It is at the south of Mount Heng, which is surrounded by time-honoured cultural heritage and magnificent natural landscape, and is the important origin of Huxiang Culture. Hengyang DreamEast Resort selects its site in the urban district of south Hengyang, backed by Yumu Mountain and Hengshan Technology City in the east. It is approximately 15 kilometers away from Hengnan County in a straight line, and is created as a city of memory related to Huxiang Culture with Huxiang Culture as the soul and Huxiang landscape as the skeleton. DreamEast Jiashan The DreamEast Jiashan is positioned itself as a children dream world for the whole family and located in Jiashan County, Jiaxing, Zhejiang Province in Greater Shanghai, China. In terms of comprehensive strength, Jiashan County is one of the top 100 counties in China. Situated at the intersection of Jiangsu Province, Zhejiang Province and Shanghai, Jiashan is the core district of the Yangtze River Delta city cluster and the first connection between Zhejiang Province and Shanghai. The DreamEast Jiashan is located in the tourist resort of Dayun Town, Jiashan with a planned area of approximately 733,000 square meters and will be developed in three phases. Phase 1 covers DreamEast Jiashan Experience Zone, Deer Elf Discovery Park, Dream Theatre, Dream Space, Hyatt Place Hotel, etc.; Phase 2 and Phase 3 comprise of a water village incorporating the millennia-old Wuyue culture with the functions of cultural experience, homestay tour, themed business, boutique inn and tourist residence, which is a children dream world that connects the whole family with art, aesthetics and innovation. Xiake Island Ecological City Xiake Island Ecological City is located in Xu Xiake Town, Jiangyin City in Jiangsu Province within the greater Shanghai region. With the Yangtze River on its north and Taihu Lake a little way on its south, Jiangyin has been an important transportation hub and a key military site since ancient times. It has a long history and rich cultural heritage, and was the home of the famous explorer Xu Xiake, and has been called “the Ancient County of Yanling” and “a loyal and righteous state”. Having the most listed companies in the county, it is also called the “Number One County-level City with the Most Capital in China”. By leveraging on its nearly 3.33 million square meters of natural wetland resources, Xiake Island Ecological City will turn itself into a highland to present and promote the Xu Xiake culture, and a tourist destination for “its original wetland life forms and an exceptional experience of the Xu Xiake culture”. DreamEast Future World Aerospace Theme Park DreamEast Future World is the first aerospace theme park in China and the second in the world, and a national AAAA-level tourist attraction. Located in Yanjiao National Hightech Development Zone in the east of Beijing, the scenic spot enjoys a unique geographical location. It is only a 30-minute drive from Tiananmen Square in Beijing, just across the river from Beijing’s sub-center, and adjacent to transportation hubs such as Beijing Capital International Airport and Yanjiao Railway Station. It has been honored as a social classroom resource unit for primary and secondary school students in Beijing, one of the top ten cultural industry projects in Hebei Province, the scientific quality education base for all citizens in Hebei Province and the municipal best research and learning scenic spot. In March 2020, in view of the high-quality aerospace science resources and huge social influence of DreamEast Future World, it has been identified as the first batch of Hebei science popularization demonstration base by the Department of Science and Technology of Hebei Province, which greatly meets the needs of aerospace culture popularization in the Beijing-Tianjin-Hebei region. Property Development and Leasing Business Beijing Fangshan “COMB+” Project (the “Fangshan Project”) The Beijing Fangshan “COMB+” Project is located between the Southwest 5th and 6th Ring Roads in Beijing, China and only 2 minutes’ walk from Suzhuang Station on Fangshan Line of the Beijing Subway. In July 2014, the Group acquired 3 land parcels for the North, Central and South Zones of the project at a total consideration of approximately HK$3.3 billion. The project occupies a total site area of approximately 147,000 square metres, with a gross floor area of approximately 434,000 square metres and a planned gross floor area of approximately 322,000 square metres. Prospects: The integration of culture and tourism is undoubtedly an important issue in the development of tourism in recent years. In particular, the official establishment of the Ministry of Culture and Tourism marked the beginning of a new era of culture and tourism in China, and the cultural tourism industry is also recognized as a new blue ocean for the development of the tourism industry. The establishment of the Ministry of Culture and Tourism is a reflection of the government’s emphasis on the culture and tourism market in recent years, indicating that “Culture + Tourism” will become an important driving force for domestic economic development, and will promote cultural tourism enterprises to increase the intensity of excavation in the cultural industry, inject more cultural connotation while creating tourism hardware projects, and create super tourism IPs to reconstruct the entire tourism industry system, so as to boost the overall upgrade of the cultural tourism industry and lead the development of the tourism economy into a virtuous circle. At the same time, the “Cultural Tourism +”, a new type of business, also brings greater opportunities to the regional tourism industry. Adhering to the original designs and craftsmanship, DreamEast has ploughed deep in the cultural industry for 17 years. It put forward the “all-IPs” concept and “new entertainment” principle firstly and has been adhering to creating unique and excellent works to “Share the Beauty of China with the World”. DreamEast has its own understanding and strategy on the development of theme parks. The strategy has been changed from “emphasizing the excavation and creation of cultural theme” to “focusing on the seven aspects of the successful operation of theme parks”, and further changed to “creating theme cultural tourism projects featuring ‘all-IPs’ with ‘new entertainment’ concept”. Although the cultural tourism industry keeps moving forward half speed due to the pandemic, DreamEast will continue to renew its commitment to the original aspirations and concentrate on creating excellent products with craftsmanship and perseverance. In addition to continuing to strengthen its core competitiveness, it will actively seek changes to seize the opportunities arising from crisis and turn the crisis into opportunities. In the long run, DreamEast will develop into a cultural and entertainment conglomerate, so as to create stable and sustainable returns for shareholders. With the progress of project development, the Group’s cultural entertainment business will enter a positive development stage consisting of leasing, operation, ticket income and self-developed IPs, and will establish an ecosystem that centres on the cultural entertainment industry. In the future, DreamEast will inherit and innovate Chinese culture with its masterpieces, boost the profile of Chinese culture and connect the world with the culture.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.