锦江酒店(600754) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,941,576,615.63, a decrease of 8.25% compared to ¥3,206,217,975.61 in the same period last year[4]. - Net profit attributable to shareholders was ¥36,012,056.27, down 81.03% from ¥189,885,897.98 year-on-year[4]. - The net cash flow from operating activities decreased by 40.84% to ¥602,813,184.39 from ¥1,018,979,657.96 in the previous year[4]. - Basic and diluted earnings per share were both ¥0.0337, reflecting an 81.01% decline from ¥0.1775 in the same period last year[4]. - The company reported a total revenue of RMB 294.16 million for Q1 2025, representing a decline of 8.25% year-over-year[13]. - The net profit attributable to shareholders for Q1 2025 was RMB 36.01 million, down 81.03% compared to the same period last year[13]. - The company reported a decrease in sales revenue from services, with cash received from sales of goods and services at approximately ¥3.22 billion, down 11.3% from ¥3.63 billion in Q1 2024[35]. - Total operating revenue for Q1 2025 was approximately ¥2.94 billion, a decrease of 8.25% from ¥3.21 billion in Q1 2024[32]. - Net profit for Q1 2025 was approximately ¥51.85 million, a significant decline of 79.6% compared to ¥254.57 million in Q1 2024[33]. - Total comprehensive income for Q1 2025 was approximately ¥92.22 million, down 66.1% from ¥272.32 million in Q1 2024[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥45,508,565,552.75, a decrease of 1.30% from ¥46,109,968,568.56 at the end of the previous year[5]. - As of March 31, 2025, the company's total current assets amounted to approximately CNY 11.45 billion, a decrease of 8.06% from CNY 12.46 billion on December 31, 2024[27]. - The company's cash and cash equivalents were CNY 8.11 billion, down from CNY 9.09 billion, reflecting a decline of 10.75%[27]. - The total liabilities of the company as of March 31, 2025, were CNY 29.73 billion, a decrease of 2.28% from CNY 30.43 billion at the end of 2024[29]. - The company's non-current assets totaled CNY 34.06 billion, an increase of 1.20% from CNY 33.65 billion at the end of 2024[28]. - The company's total equity as of March 31, 2025, was CNY 15.77 billion, an increase from CNY 15.68 billion at the end of 2024[29]. - The company's short-term borrowings increased to CNY 1.09 billion, up from CNY 950.81 million, reflecting a rise of 14.36%[29]. Hotel Operations - The hotel business generated consolidated revenue of RMB 288.82 million in Q1 2025, a decrease of 8.15% year-over-year[14]. - The company opened 226 new hotels and closed 129, resulting in a net increase of 97 hotels, totaling 13,513 hotels as of March 31, 2025[15]. - The total number of hotels in operation reached 12,348 as of March 31, 2025, an increase from 12,245 at the end of 2024[40]. - The average occupancy rate for full-service hotels was 42.52% in Q1 2025, compared to 41.91% in Q1 2024, showing an increase[20]. - The average occupancy rate for limited-service hotels in Q1 2025 is 53.34%, down from 60.66% in Q4 2024[44]. - The total number of signed limited-service hotels is 1,306 as of March 31, 2025, up from 1,302 as of December 31, 2024[44]. - The total number of rooms in signed limited-service hotels is 107,987 as of March 31, 2025, an increase from 107,815 as of December 31, 2024[44]. Cash Flow and Investments - The net cash flow from operating activities for Q1 2025 was RMB 602.81 million, down 40.84% year-over-year[13]. - Cash inflow from investment activities in Q1 2025 was approximately ¥389.40 million, compared to ¥43.78 million in Q1 2024[35]. - The company reported a net cash flow from investing activities of approximately ¥119.74 million, a significant improvement compared to a net outflow of ¥333.42 million in the previous period[36]. - The company experienced a net decrease in cash and cash equivalents of approximately ¥622.09 million, contrasting with an increase of ¥211.37 million in the previous period[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,340, including 47,378 A-share shareholders and 19,962 B-share shareholders[10]. - The largest shareholder, Shanghai Jinjiang Capital Co., Ltd., held 45.05% of the shares, totaling 482,007,225 shares[10]. - The controlling shareholder plans to increase its stake in the company by acquiring between 9 million and 18 million B shares within 12 months[22]. Strategic Developments - The company completed the acquisition of 100% equity in Lavande, Xana, and Coffetel, finalizing the buyout of minority shareholders and the cancellation of the remaining 5% equity[24]. - The company plans to continue expanding its hotel portfolio and enhancing its service offerings to improve overall performance in the upcoming quarters[36].