In a short time, KTV should not die out in a short time, but the decline of the industry is an indisputable fact. From the news exposed all over the country before, it should be very telling that the square dance grandmothers occupied KTV and the famous chain KTV cashboxes closed one after another. Is the decline of KTV industry caused by mobile APP and mini KTV? It should not be! The most fundamental reason is that with the development of economy, people&;s entertainment life is gradually enriched, and KTV, a form of entertainment, has been replaced. Furthermore, with the 70s and 80s who grew up with KTV, they gradually entered middle age, and also lost the time and interest to go to KTV. Anyway, I and many peers around me haven&;t been to KTV for a long time. With the growth of mobile phones and computers after 90 or even 00, their interest is obviously not here. They also sing, but they prefer the interactive form on the Internet, hoping to get more people&;s comments, rather than just a few people in the private room. There is really a new third board listed KTV company in China, —— Haozhen Co., Ltd. (831156.OC). At present, its main business is Haoledi chain KTV, which should be remembered by many people and has a certain popularity in China. Let&;s take a look at the public financial data of this company and analyze whether the KTV industry still makes money at present. Judging from the semi-annual report of Haozhen in 2017, the company&;s half-year operating income was 5.96 million yuan and its net profit was 45,000 yuan. You are not mistaken, such a once famous KTV earns so much in half a year. It is not as good as an ordinary office worker to earn much if you work hard for half a year. The gross profit margin of KTV industry seems to be not as high as previously thought, and the gross profit margin of Haozhen shares is less than 30%.