Research Institute
Author: Master of Number Research
2021-01-19 08:30
Last update date: 2021-01-19 08:30
First look at the mobile games or performance items that Ocean Park will ``retire''▼▼▼
Ocean Park received a government grant of 5.4 billion yuan for rescue in 2020, and the Chairman of the Board of Directors of Ocean Park Corporation Liu Mingwei and others announced today (January 18) the "Rebirth Plan", which includes changing the business model and outsourcing some facilities. Ocean Park injected capital, provided a lump-sum allocation of 1.67 billion yuan, and extended the repayment period to 2059, with the goal of eventually achieving self-financing.
In addition, in the next 4 years, up to 280 million yuan will be allocated to Ocean Park for education and conservation work, totaling up to 1.12 billion yuan.
After the capital injection is completed, the government re-injects capital and the government re-injects capital. But what is the actual operating status of Ocean Park?
Is it really necessary for the government to inject capital many times?
The following chart shows you the current status of Ocean Park.
It can be seen from the above chart that the Ocean Park has lost more than 200 million yuan to more than 500 million yuan each year in recent years. It will not be until 2020 that the government injects 5.4 billion yuan to record a "surplus."
Looking at the Ocean Park performance report, Ocean Park’s income has decreased significantly since Sheng Zhiwen stepped down and Kong Lingcheng took over. Although it has picked up year by year, employee salary expenses have also increased, even higher than income growth, causing criticism.
Although the performance report did not mention whether the increase in employee salary expenses was caused by the increase in the number of employees or the significant increase in salary at any level, the increase in employee salary expenses as a percentage of income is undoubtedly one of the reasons for Ocean Park's trouble.
01 Sheng Zhiwen and Liu Mingwei, Ocean Park of the Institute of Science and Technology
