本公司亦根據香港聯合交易所有限公司證券上市規則第13.10B條作出本公告。本 公司將於2025年11月17日納斯達克全球精選市場交易時段前（美國東部時間）就 有關下述公告向美國證券交易委員會遞交6-K表格。 承董事會命 華住集團有限公司 季琦 執行董事長 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 H World Group Limited 華住集團有限公司 （英文前稱Huazhu Group Limited） （於開曼群島註冊成立的有限公司） （股份代號：1179） 2025年第三季度財務業績公告及海外監管公告 華住集團有限公司（「 本公司 」）謹此公佈其截至2025年9月30日止三個月的未經審 核財務業績。本公告於香港聯合交易所有限公司網站www.hkexnews.hk及本公司 網站https://ir.hworld.com可供閱覽。 香港，2025年11月17日 於本公告日期，董事會包括董事季琦先生（執行董事長）、鄭潔女士（執行董事） 及Ju ...

每经AI快讯，11月17日，港股节假日出行概念股走弱，截至发稿，携程集团-S(09961.HK)跌5.38%、同 程旅游(00780.HK)跌2.12%、华住集团-S(01179.HK)跌2%。 ...

Group 1: Seagate Technology Holdings plc (STX) - Seagate Technology Holdings plc is a data storage devices and solutions company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for Seagate's current year earnings has increased by 7% over the last 60 days [1] - The company has a PEG ratio of 1.06, which is lower than the industry average of 1.55 [1] - Seagate possesses a Growth Score of B [1] Group 2: H World Group Limited (HTHT) - H World Group Limited is a hotel management company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for H World's current year earnings has increased by 3.1% over the last 60 days [2] - The company has a PEG ratio of 1.27, compared to the industry average of 2.03 [2] - H World possesses a Growth Score of B [2]

Group 1: Seagate Technology Holdings plc (STX) - Seagate Technology Holdings plc is a data storage devices and solutions company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7% over the last 60 days [1] - The company has a PEG ratio of 1.10 compared to the industry average of 1.53, indicating strong growth potential [1] - Seagate possesses a Growth Score of B, reflecting its favorable growth characteristics [1] Group 2: Zurn Elkay Water Solutions Corporation (ZWS) - Zurn Elkay Water Solutions Corporation is a water management solutions provider with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 4.2% over the last 60 days [2] - The company has a PEG ratio of 2.26 compared to the industry average of 2.67, suggesting competitive growth prospects [2] - Zurn Elkay also possesses a Growth Score of B, indicating solid growth characteristics [2] Group 3: H World Group Limited (HTHT) - H World Group Limited is a hotel management company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 3.1% over the last 60 days [3] - The company has a PEG ratio of 1.25 compared to the industry average of 1.95, highlighting its growth potential [3] - H World Group possesses a Growth Score of B, reflecting its strong growth characteristics [3]

转自：中国证券报·中证网 作为中国资本市场最具公信力的专业奖项之一，金牛奖的评选始终聚焦企业价值与社会价值的协同发 展，有效促进产业与资本的良性互动。此次获奖，既是资本市场对华住集团经营实力的认可，更是对公 司以绿色发展践行社会责任的高度肯定。 华住集团是世界知名的酒店集团，在19个国家经营12137家酒店，拥有2.9亿华住会会员。旗下经营包括 汉庭、全季、桔子、禧玥、花间堂、施柏阁、城家等30余个酒店及公寓品牌，始终致力于为全球旅人带 来安心、高品质、丰富多彩的旅居体验。以"成为世界级的伟大企业"为愿景的华住集团， 目前已经成 为中国发展最快的酒店集团之一。 中证报中证网讯（记者 杨梓岩）11月8日，由中国证券报主办的2025厦门产业发展大会暨金圆集团杯·上 市公司（港股）金牛奖颁奖典礼举行，华住集团凭借稳健经营、成长潜力、践行社会责任等方面的突出 表现，荣获"永续经营金牛奖"。 ...

Q&A 酒店行业近况更新 20251111 摘要 两大酒店集团（华住、锦江）在国庆节后 RevPAR 迅速恢复，同比转正， 甚至超过 2024 年同期水平，显示出强劲的复苏势头。华住 RevPAR 维 持在 95%-99.6%，锦江集团在 10 月第三周开始 RevPAR 同比逐步提 升，并在第四周达到 100%以上。 商务差旅需求回暖显著，自 5 月份开始逐步复苏，七八月份后表现强劲， 开票客户的过夜间夜数远超去年同期水平，亚朵和锦江等品牌的数据回 暖也佐证了这一趋势。华住集团差旅部分占比大约在 40%至 42%之间。 免签政策推动旅游市场旺盛，海外游客来华消费同比增长 120%，超过 2019 年同期水平。北京、上海、广州、深圳等主要城市外国游客占比 明显提升，国内旅游热点城市人次和经营数据显著增长。 酒店 ADR（平均每日房价）与去年基本持平，各大酒店集团未通过降价 换取流量，维持价格稳定，表明市场竞争趋于理性，各大品牌更加注重 长期发展而非短期收益。预计 2026 年 ADR 可能不会大幅提升，但 OCC 能稳得住的话，将推动 RevPAR 转正。 预计 2026 年酒店行业整体 RevPAR 将同比 ...

Summary of Conference Call Notes Industry Overview - The conference call focuses on the **hotel**, **airline**, and **duty-free** industries, highlighting their performance and future outlook post-National Day in 2025 [1][3][11]. Key Points and Arguments Hotel Industry - **Strong Performance Post-National Day**: The hotel sector showed robust performance after the National Day, driven by a recovery in business travel rather than solely relying on consumer wealth effects [1][3]. - **Positive Growth Indicators**: Five-star hotel Average Daily Rate (ADR) has stabilized, with occupancy rates improving, leading to a positive growth in September for the first time [1][5]. - **Institutional Holdings**: The hotel sector's institutional holding ratio is at a 15-year low, which, combined with improving data and valuation advantages, has led to a rebound in hotel stocks [1][6]. - **Investment Opportunities**: Companies like Jin Jiang and Shou Tour have low PE ratios for 2026, indicating potential investment value [1][6][8]. - **Expansion and New Products**: Shou Tour is expanding its standard stores and launching new products to enhance acceptance among franchisees and consumers [8]. - **Growth of Budget and Mid-range Hotels**: Jin Jiang and Huazhu are showing signs of improvement, with Jin Jiang's RevPAR showing a positive trend in October [5][9]. Airline Industry - **Recovery in Passenger Volume**: Overall passenger volume increased by 5.2% year-on-year from January to September 2025, with international routes showing a significant recovery [4][15]. - **High Load Factors**: The airline sector maintains high load factors, with expectations for continued improvement in ticket prices [13][15]. - **Airline Recommendations**: China Eastern Airlines is highlighted as a strong investment opportunity due to its rapid recovery and performance exceeding pre-pandemic levels [4][19]. - **Cost Pressures Eased**: Low oil prices and favorable exchange rates have alleviated cost pressures for airlines, contributing to improved profitability [18][21]. - **Future Pricing Trends**: Ticket prices are expected to improve in the fourth quarter, although a potential decline may occur post-Spring Festival due to weaker business demand [16][21]. Duty-Free Industry - **Sales Growth**: The duty-free sector has shown consistent sales growth, with Hainan's offshore duty-free sales achieving positive growth for the first time in 18 months [11][12]. - **Policy Optimizations**: Recent policy changes in Hainan are expected to gradually release demand, positively impacting revenue and profit recovery for the end of the year and into 2026 [12]. Additional Important Insights - **Market Sentiment**: There is a growing market interest in the travel-related sectors, with data indicating sustained performance beyond holiday effects [3]. - **Investment Focus**: The hotel and duty-free sectors are identified as new consumption hotspots driven by fundamental improvements, with upcoming meetings in December and March expected to provide further insights into consumer demand [22]. - **Airport Performance**: Airports like Shanghai and Baiyun are benefiting from increased air traffic, with significant year-on-year growth in passenger numbers [20][21]. This summary encapsulates the key insights from the conference call, providing a comprehensive overview of the current state and future outlook of the hotel, airline, and duty-free industries.

Core Viewpoint - Huazhu Group is launching a new brand called "Quanjing Daguan," aiming to redefine the hotel industry by focusing on cultural and aesthetic experiences rather than traditional luxury standards [2][3][4]. Group 1: Brand Concept and Market Positioning - The new brand "Quanjing Daguan" is not merely a hotel but a redefined concept that transcends traditional hotel frameworks, promising a unique experience that emphasizes cultural depth and aesthetic appreciation [3][4]. - The hotel industry is currently saturated, with consumers seeking distinctive experiences rather than just basic accommodations, indicating a shift in consumer expectations [5][9]. - Huazhu's strategy is to provide a space that fosters a sense of belonging and satisfaction, moving beyond the conventional hotel experience [5][10]. Group 2: Cultural and Aesthetic Focus - "Quanjing Daguan" aims to showcase authentic Eastern aesthetics, integrating elements like water, clouds, pine, and tea into its design to create a calming and immersive environment [12][13]. - The brand seeks to elevate the cultural experience of guests, moving from a generalized appreciation of Eastern culture to a deeper, more nuanced understanding [10][12]. - The design philosophy emphasizes subtlety and restraint, allowing guests to engage with the space in a meaningful way without overt displays of cultural symbols [13][15]. Group 3: Competitive Advantage - Huazhu Group's success is attributed to its strong local roots, brand confidence, systematic operational capabilities, and effective execution of aesthetic concepts [17][18][19][20]. - The brand's ability to deliver a consistent and high-quality experience is crucial for its cultural positioning, allowing it to stand out in a crowded market [20][21]. - "Quanjing Daguan" represents a new lifestyle choice for modern travelers, emphasizing inner peace and cultural richness rather than just accommodation [21][22].

Group 1: Hong Kong Stocks - Eagle Precision (01286) increased by over 4.6%, reporting a 16.8% year-on-year revenue growth in Q3 and a 6.8% growth for the first three quarters, with a forecast of high single to double-digit sales growth for 2025 [1] - Huazhu Group-S (01179) rose by over 2.85%, with a board meeting scheduled for November 17, 2025, to review and approve the unaudited financial results for the three months ending September 30, 2025 [1] - Chongqing Machinery (02722) surged by 5.91%, with a cumulative increase of over 40% in the last four trading days, as the company actively responds to market changes and optimizes internal operations [1] - Anhui Wantu Highway (00995) increased by over 3.8%, reporting a 13.83% year-on-year growth in toll revenue for the first three quarters, driven by the completion of the Xuan-Guang Highway [1] Group 2: Other Notable Stocks - Lianlian Digital (02598) rose nearly 4.5%, showcasing its one-stop global cross-border fund solutions at the 8th China International Import Expo [2] - Yihua Tong (02402) increased by 5.44%, with the launch of a new hydrogen fuel cell heavy truck at the 2025 Tokyo Motor Show [2] - Ruipu Lanjun (00666) surged over 11.5%, driven by high demand in the energy storage sector, with major manufacturers achieving over 80% capacity utilization [2] - Federal Pharmaceutical (03933) rose by 2.8%, announcing the completion of Phase II clinical trials for its innovative drug TUL01101 in adults with moderate to severe atopic dermatitis [2] Group 3: US Market Highlights - Semiconductor stocks saw a collective rise, with Nvidia (NVDA.US) up over 5.7% and Micron Technology (MU.US) up nearly 7%, reflecting strong demand in the sector [5] - Solar energy stocks surged, with Canadian Solar (CSIQ.US) increasing over 13%, benefiting from rising global energy demand due to AI infrastructure expansion [5] - Eli Lilly (LLY.US) reached a historical high, up over 4.57%, as Goldman Sachs highlighted significant market potential due to reduced drug costs [5] - Gold stocks also saw gains, with Barrick Mining (B.US) up 5.17%, as spot gold prices rose significantly [6] Group 4: Chinese Concept Stocks - Nasdaq Golden Dragon China Index opened up 2%, with notable increases in stocks like Xpeng Motors (XPEV.US) up 16.15% and Baidu (BIDU.US) up 5.05%, amid positive developments in US government operations [7] - Major tech stocks also saw pre-market gains, with Nvidia (NVDA.US) up 5.79% and AMD (AMD.US) up 4.47%, following news of a potential end to the US government shutdown [7]

智通财经APP获悉，华住集团-S(01179)再涨超5%，截至发稿，涨4.3%，报34.46港元，成交额3831.68万 港元。 大摩指出，第三季酒店行业的每间可售房收入(RevPAR)跌幅收窄，主要受9月表现优于预期所带动；而 9月的积极势头已延续至10月，并可能持续至第四季。该行预期华住集团第三季业绩将好过预期，华住 集团则有望展现正面的RevPAR趋势及营运杠杆效益。该行将华住2025至27年RevPAR预测上调1%至 2%，并预期第四季RevPAR将转为正增长。 消息面上，华住集团-S宣布，公司董事会审核委员会会议将于2025年11月17日(星期一)(香港时间)举 行，藉以(其中包括)审议及批准公司截至2025年9月30日止三个月的未经审核财务业绩及业绩发布。 ...