PR Newswire
NANPING, China, Feb. 15, 2024
NANPING, China, Feb. 15, 2024 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the "Company" or "Golden Heaven") (Nasdaq: GDHG), an amusement park operator in China, today announced its financial results for the fiscal year ended September 30, 2023.
Ms. Qiong Jin, the CEO and Chairman of the Company, commented, "This 2023 fiscal year marked a period of resilience for the Company. Our parks experienced decreases in park attendance, mainly due to facility safety maintenance from June 2023 to September 2023, which had a notable impact on our immediate financial performance. Despite such challenges, we pursued collaborations with major amusement parks in China. We believe that our successful listing on Nasdaq in April 2023 helped us to accelerate our market expansion in China. Looking forward, we will strive to satisfy customers' entertainment needs and enhance our reputation. We are also dedicated to expanding our presence in the industry and unlocking value for all our stakeholders."
Fiscal Year 2023 Financial Highlights
Fiscal Year 2023 Financial Results
Revenue
| | For the Year Ended | | For the Year Ended Anzeige Aktie im Fokus
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| | USD | | % | | USD | | % | | ||||||
Sales of in-park recreation | | | 30,115,995 | | 94.74 % | | | $ | 39,377,906 | | 94.23 | % | | ||
Rental income | | | 1,514,697 | | 4.77 % | | | | 1,089,435 | | 2.61 | % | | ||
Park service fees | | | 156,110 | | 0.49 % | | | | 1,320,855 | | 3.16 | % | | ||
Total revenue | | | 31,786,802 | | 100.00 % | | | | 41,788,196 | | 100.00 | % | |
Our revenue was derived from sales of in-park recreation, rental income, and park service fees. The total revenue was $31.8 million in fiscal year 2023, decreased by 23.93% from $41.8 million in fiscal year 2022. Such decrease was primarily attributable to the decrease in sales of in-park recreation and park service fees.
Our revenue from each of our revenue segments is summarized as follows:
For fiscal year 2023:
(USD) | | Sales of in-park recreation | | Rental income | | Park service fees | | Total | ||||||||
Reportable segment revenue | | $ | 30,115,995 | | | $ | 1,514,697 | | | $ | 156,110 | | | $ | 31,786,802 | |
Inter-segment loss | | | - | | | | - | | | | - | | | | - | |
Revenue from external customers | | | 30,115,995 | | | | 1,514,697 | | | | 156,110 | | | | 31,786,802 | |
Segment gross profit | | $ | 17,642,945 | | | $ | 1,514,697 | | | $ | 156,110 | | | $ | 19,313,752 | |
Gross margin | | | 58.58 | % | | | 100 | % | | | 100 | % | | | 60.76 | % |
For fiscal year 2022:
(USD) | | Sales of in-park recreation | | Rental income | | Park service fees | | Total | ||||||||
Reportable segment revenue | | $ | 39,377,906 | | | $ | 1,089,435 | | | $ | 1,320,855 | | | $ | 41,788,196 | |
Inter-segment loss Werbung Mehr Nachrichten zur Golden Heaven Group Holdings Ltd Aktie kostenlos abonnieren
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