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Public company info - Beijing Sports and Entertainment Industry Group Limited , 01803.HK
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Beijing Sports and Entertainment Industry Group Limited, 01803.HK - Company Profile
Chairman Liu Xue Heng
Share Issued (share) 1,408,000,000
Par Currency Hong Kong Dollar
Par Value 0.005
Industry Leisure & Recreation
Corporate Profile Business Summary: The Group are principally engaged in the sports and entertainmentrelated industry in the People’s Republic of China (the “PRC”) with focus in air dome construction, operation and management; as the Groupll as rendering of air freight services in the wholesale markets. Performance for the year: During the year under review, the Group achieved approximately HK$175.9 million in turnover comparing to approximately HK$155.4 million during the prior year Loss for the year attributable to owners of the Company was approximately HK$63.4 million as compared to approximately HK$55.3 million in the year ended 31 December 2018. Basic and diluted loss per share attributable to owners of the Company was approximately HK$4.9 cents (31 December 2018: approximately HK$4.2 cents). Business Review: Sports and Entertainment Business In 2019, the National Bureau of Statistics and the General Administration of Sports of China jointly issued the “2017 National Sports Industry Total Scale and Value Added Data Announcement”. In 2017, the total production scale of the sports industry in China was RMB2.2 trillion, recorded an increase of RMB781.1 billion. There was an increase of 15.7% compared with 2016, and the added value increased by 20.6%. The data in the report shows that the construction of fitness facilities such as stadiums, fitness trails and sports parks in China has been increased continuously with a growth rate of 94.7%, this reflected a rapid development in constructing of sports facilities in China. In general, the sports industry in China continued to report growth during 2019. According to the State Council document “關於加快體育產業、促進體育消費的若干意見”, the total monetary value of the sport industry is expected to reach RMB5 trillion by 2025. The sport industry will become increasingly market-oriented, while the sports service sector is expected to embrace rapid growth. The central government has implemented policies to streamline the development of the winter sports industry to encthe Group’s。age universal involvement in and arouse people’s enthusiasm for sports activities. With the support of national policies and the constant increase in public awareness towards their own health, the robust development of sport market demand shall bring about new opportunities to the current and future sport industry The Group, through its non-wholly owned subsidiary, MetaSpace (Beijing) Air Dome Corp* (“MetaSpace”), is the leading integrated service provider of construction, operation and management of air dome facilities in the PRC. These air-supported domes are widely adopted for use in multi-functional facilities such as sport and recreational facilities, logistic and warehousing centres, industrial storage facilities as the Groupll as commercial exhibition space. Unlike the conventional structure, the air dome structure is less costly to build and to operate, more energy efficient and has short construction period and is easy to relocate and expand over an open space. Up to the end of 2019, MetaSpace has already constructed over 240 air dome facilities throughout the PRC. Currently, the Group’s。 major customers including sports & event organizers, government departments, real estate developers and warehouse operators. The Group will continue to invest in research and development in deploying start-of-the art technology in building high performance air dome facilities. The Group will continue to strive for combining advances in aeromechanics, new materials, ergonomics, energy saving and environmental protection to provide space for multi-functional facilities in order to satisfy and meet customers’ need from different industry sectors. MetaSpace has obtained over 110 intellectual property rights (including invention patents, patented air fight and insulation system, software, copyrights & trademarks, etc.) covering all key technologies in the construction and installation of air dome structure. During the year under review, the global market is volatile because of the trade war betthe Groupen China and United States as the Groupll as the uncertainties about Brexit process in the United Kingdom. The increasingly challenging marco environment and global economic slowdown also affect the economic growth in China. Hothe Groupver, under this challenging environment, the revenue of the Group’s。 sports and entertainment segment was approximately HK$168.1 million for year ended 31 December 2019 compare with approximately HK$143.4 million in the corresponding period and represented a increase of 17.2%. The increase mainly due to the increase in number of construction air dome facilities and the average contract size has increased by approximately 25% compared with last year. Meanwhile, other than concentrated on the construction services of air dome in sport and entertainment facilities, the Group also increased the Group’s。 focus in the market related to industrial facilities, environmental protection facilities, and warehouse facilities. For the year ended 31 December 2019, the Group’s revenue was mainly attributable to the construction service of air dome facilities which amounted to approximately HK$155.0 million of which approximately 63% was for use in sport facilities and approximately 22% for use in warehouse facilities services of air dome facilities, 5% for use in agricultural facilities and the balance of approximately 10% for other functional purposes. Other than construction services, the Group also focused on operation and management of sport air dome facilities in Beijing, Nanchang and Taiyuan which contributed revenue of approximately HK$7.4 million to the Group. Logistics Business During the year, the worldwide air cargo business is still highly competitive and the Group’s。 Group continued to face directly and indirectly completion with other integrated logistics services providers on a local, regional and international basis in the form of pricing and customers’ network. These challenges put the Group’s。 air cargo logistics business under pressure to drive growth. Although the economic growth has been slowdown in worldwide during the year, the Group’s。 Group will continue to strengthen its sales and marketing team in order to explore potential business opportunities in other markets in the near future. The management is confident that the performance will be improved in the coming future. Prospects: The Group believes that sustainable development is an integral part of the Group’s。 business. The Group aim at creating long-term values for the Group’s。 stakeholders and contributing to the society by carrying out the Group’s。 business in a socially responsible way. The Group is committed to support the environmental sustainability and comply with PRC national, provincial and municipal governments’ environmental protection laws and regulations. The Company is also dedicated to promote energy conservation and responding proactively to climatic changes, so as to facilitate efficient use of energy by taking several measures including constantly carries out internal recycling measures in terms of its consumables (e.g. Toner cartridge and paper) and implementing energy-saving policies to reduce electricity consumption, in order to lessen the impact on environment from operating activities to achieve the target of sustainable development.

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