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NANPING, China - Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG), a prominent amusement park operator with a market capitalization of $10.65 million and showing strong momentum with a 17% gain over the past week, announced today that its subsidiary, Nanping Golden Heaven Amusement Park Management Co., Ltd., has entered into a service agreement with Fuzhou Yibang Amusement Park Co., Ltd. The contract, valued at approximately US$2.1 million (RMB 15 million), involves providing a comprehensive amusement park management software suite and three years of maintenance services.
The software suite includes ticket sales, membership management, event planning, data analytics, and custom modules, which are expected to enhance the operation and management of Fuzhou Yibang's amusement parks. In addition to the software, Nanping Golden Heaven will offer ongoing support services such as trouble-solving and system optimization.
Mr. Jin Xu, CEO and Chairman of Golden Heaven, expressed enthusiasm about the strategic partnership, emphasizing the potential for mutual growth and the alignment with the company's strategy to diversify revenue streams in a changing market environment. He highlighted the company's expertise and advanced software capabilities as key factors in driving long-term development. The company maintains a healthy gross profit margin of 47%, though InvestingPro analysis indicates some concerns regarding cash burn rates.
Golden Heaven Group Holdings Ltd. operates a variety of amusement and water parks in China, offering a mix of thrilling rides, family-friendly attractions, and high-tech facilities. The company's commitment to expanding its service offerings comes at a time when the amusement park industry is increasingly relying on technology to improve customer experiences and operational efficiency.
This announcement is based on a press release statement from Golden Heaven Group Holdings Ltd. Investors are reminded that forward-looking statements involve risks and uncertainties and that actual results may differ from those projected. The company has advised investors to review factors that may affect its future results in its filings with the U.S. Securities and Exchange Commission. According to InvestingPro, which offers 16 additional investment tips for GDHG, the company currently trades at a notably low Price/Book multiple of 0.17, suggesting potential undervaluation despite operational challenges.
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