● 本次权益变动系上海锦江国际酒店股份有限公司（以下简称"公司"）控 股股东上海锦江资本有限公司（以下简称"锦江资本"）一致行动人锦江国际酒 店集团（香港）投资管理有限公司（以下简称"锦江香港"）实施增持计划导致 持有公司股份比例增加所致。本次权益变动属于增持，不触及要约收购，不会导 致公司控股股东及实际控制人发生变化。 证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2025-028 上海锦江国际酒店股份有限公司 关于控股股东一致行动人 增持公司 B 股股份达到 1%的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次权益变动后，信息披露义务人锦江资本及其一致行动人锦江香港合计 持有公司股份比例从 45.05%增加至 46.05%。 动人增持公司 B 股股份及后续增持计划的公告》（公告编号：2025-002）。公司 控股股东锦江资本一致行动人锦江香港通过上海证券交易所允许的方式（包括但 不限于集中竞价交易、大宗交易等）增持公司 B 股股份，增持 B 股股份数不低 ...

证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2025-028 上海锦江国际酒店股份有限公司 关于控股股东一致行动人 增持公司 B 股股份达到 1%的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次权益变动系上海锦江国际酒店股份有限公司（以下简称"公司"）控 股股东上海锦江资本有限公司（以下简称"锦江资本"）一致行动人锦江国际酒 店集团（香港）投资管理有限公司（以下简称"锦江香港"）实施增持计划导致 持有公司股份比例增加所致。本次权益变动属于增持，不触及要约收购，不会导 致公司控股股东及实际控制人发生变化。 ● 本次权益变动后，信息披露义务人锦江资本及其一致行动人锦江香港合计 持有公司股份比例从 45.05%增加至 46.05%。 一、本次权益变动情况 二、本次权益变动前后，控股股东及其一致行动人持股情况 | 股东名称 | 持股种类 | 本次增持实施前持有公司股份 | | 本次增持实施后持有公司股份 | | | --- | --- | --- | --- | ...

上海锦江国际酒店股份有限公司 SHANGHAI JIN JIANG INTERNATIONAL HOTELS CO., LTD. 2024 年年度股东大会 The 2024 Shareholders' Annual General Meeting 会议材料 Meeting Files 2025 年 6 月 25 日 | | | | 一、大会须知 1 | | --- | | 二、会议议程 2 | | 三、2024 年度董事会报告 4 | | 四、2024 年度监事会报告 17 | | 五、2024 年年度报告及摘要 21 | | 六、2024 年度财务决算报告 22 | | 七、2024 年度利润分配方案暨 2025 年中期分红计划 27 | | 八、关于聘请公司 2025 年度财务报表和内控审计机构的议案 29 | | 九、关于 2024 年度日常关联交易执行情况及 2025 年度拟发生关联交 | | 易的议案 30 | | 十、关于继续由锦江财务公司向公司提供金融服务的议案 36 | | 十一、关于为本公司下属全资子公司提供担保额度的议案 37 | | 十二、关于公司购买董监高责任保险的议案 38 | | ...

Core Viewpoint - The company is focusing on high-quality development and digital transformation while expanding its hotel operations both domestically and internationally, aiming to enhance its competitive edge in the hotel industry [5][19][24]. Financial Performance - In 2024, the company achieved consolidated operating revenue of 14.06 billion yuan, a decrease of 4% year-on-year [5]. - The operating profit was 1.69 billion yuan, down 6.07% from the previous year, while the net profit attributable to shareholders was 911 million yuan, reflecting a decline of 9.06% [5]. - The net cash flow from operating activities was 3.56 billion yuan, a decrease of 31% compared to the previous year [5][6]. Hotel Business Overview - The hotel business generated consolidated operating revenue of 13.82 billion yuan, a decline of 4.02% year-on-year, but the operating profit increased by 2.3% to 1.67 billion yuan [7]. - The full-service hotel segment saw a significant revenue increase of 49.57%, while the limited-service hotel segment experienced a revenue decline [7][10]. - As of December 31, 2024, the company had a total of 13,416 hotels in operation, with a total of 1,290,988 rooms [9]. Expansion and Development - The company opened 1,515 new hotels in 2024, resulting in a net increase of 968 hotels [8]. - The company is actively pursuing digital transformation and enhancing its operational efficiency through various technological initiatives [16][25]. - The company plans to achieve operating revenue of 14.3 to 15 billion yuan in 2025, with a growth target of 2% to 7% [24]. Market Trends and Industry Outlook - The hotel industry in China is experiencing steady growth, with a rising trend in brand and chain hotel development [19][20]. - The domestic tourism market is recovering, with significant increases in both domestic travel and inbound tourism [21][22]. - The company aims to leverage the growing demand for mid-to-high-end hotels and expand its market share in the competitive landscape [19][20].

Group 1 - Domestic hotel groups are increasingly focusing on the high-end hotel sector, with major players like Jinjiang Hotels and Huazhu Group expanding their brand portfolios to capture this market [1][4][5] - Jinjiang Hotels appointed Mao Xiao as CEO of Jinjiang Radisson Hotel, emphasizing the strategic importance of high-end market expansion and international collaboration [2][4] - The emergence of new high-end brands, such as Nuo Jin International under Shoulv Hotels, indicates a competitive landscape where domestic brands are positioning themselves against international counterparts [4][5] Group 2 - The high-end hotel market in China is undergoing significant changes, with traditional five-star hotels facing challenges and new market entrants gaining traction [6][7] - Demand is shifting from business travelers to vacationers, with younger consumers seeking emotional value and cost-effectiveness in their hotel experiences [7][8] - The ownership landscape for high-end hotels is diversifying, with local state-owned enterprises and private investors becoming more prominent [8][9] Group 3 - Domestic hotel groups have inherent advantages in connecting with state-owned property owners, facilitating project development and client acquisition [12] - These groups leverage their experience in operational efficiency and investment returns, appealing to investors focused on cost-effectiveness and return on investment [13][14] - Opportunities for renovation and revitalization of existing properties are significant, as many older hotels seek to modernize and attract new clientele [15][16]

长江商报消息 ●长江商报记者 徐佳 国内头部酒店集团锦江酒店（600754.SH）启动赴港上市计划。 日前，锦江酒店宣布，公司拟于境外发行股份（H股）并在香港联交所主板上市。 深入推进公司的全球化战略，加强与境外资本市场对接，是锦江酒店本次计划赴港上市的主要原因。 锦江酒店于2015年收购法国卢浮集团正式拓展境外业务，并在随后持续加速全球扩张。 然而，长江商报记者注意到，2020年至2024年，锦江酒店在境外有限服务型连锁酒店业务持续亏损，累 计亏损超3亿欧元（折合人民币约24.9亿元）。 而因多次收购，截至2025年3月末，锦江酒店商誉规模已高达116.04亿元。 押注赴港二次上市，锦江酒店打造A+H双平台战略能否为其全球化打开新局面？ 启动赴港上市计划 日前，锦江酒店披露公告称，公司拟于境外发行股份（H股）并在香港联交所主板上市。本次H股上市 相关决议的有效期拟确定为自公司股东大会审议通过之日起二十四个月。 公告显示，本次发行方式为香港公开发行及国际配售新股，发行规模不超过发行后总股本的15%（超额 配售权行使前），并授权协调人行使不超过15%的超额配售权。 业内人士分析，彼时港股中内地酒店估值较为低迷， ...

Investment Rating - The report maintains a "Market Perform" investment rating for the consumer services industry, indicating that the industry index is expected to perform within ±10% of the market index over the next six months [34]. Core Insights - The consumer services industry index rose by 2.02% from May 30, 2025, to June 12, 2025, outperforming the Shanghai and Shenzhen 300 index by approximately 1.15 percentage points [9]. - The report highlights that domestic travel during the Dragon Boat Festival saw 119 million trips, a year-on-year increase of 5.7%, with total spending reaching 42.73 billion yuan, up 5.9% year-on-year [22]. - The upcoming summer travel season is expected to reverse the subdued performance observed during the Dragon Boat Festival, with a projected 70% increase in summer travel numbers and an 80% increase in gross merchandise value (GMV) compared to the previous year [34]. Summary by Sections Market Review - The consumer services industry index outperformed the Shanghai and Shenzhen 300 index, with a rise of 2.02% during the reporting period [9]. - The tourism and education sectors showed recovery, while the hotel and comprehensive services sectors experienced declines [10]. - A total of 38 listed companies in the industry reported positive returns, with the top five performers being ST United, Qujiang Cultural Tourism, Jinling Hotel, Changbai Mountain, and Tianmu Lake, with increases ranging from 11.86% to 55.13% [14]. - The overall price-to-earnings (PE) ratio for the consumer services industry was approximately 30.92 times, reflecting an increase compared to previous periods [18]. Industry News - The report notes significant trends in the tourism market, including a focus on family-oriented travel and deep experiential offerings, as highlighted in the 2025 Summer Travel Trend Report by Zhongxin Tourism [24]. - The popularity of the Jiangsu Super League has led to a surge in tourism bookings in Jiangsu, with an increase of over 300% in reservations [26]. - Haichang Ocean Park announced plans to introduce Xiangyuan Holdings as a new controlling shareholder [27]. Company Announcements - The report suggests monitoring specific companies such as Jinjiang Hotel, Changbai Mountain, Emei Mountain A, Xiangyuan Cultural Tourism, Jiuhua Tourism, Zhongxin Tourism, and Songcheng Performing Arts for potential investment opportunities due to their favorable positioning in the upcoming summer season [35].

证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2025-027 上海锦江国际酒店股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 6 月 16 日（星期一）至 6 月 20 日（星期五）16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 JJIR@jinjianghotels.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 上海锦江国际酒店股份有限公司（以下简称"公司"）已于 2025 年 4 月 2 日 发布《上海锦江国际酒店股份有限公司 2024 年年度报告》，于 2025 年 4 月 30 日 发布《上海锦江国际酒店股份有限公司 2025 年第一季度报告》 ...

Core Viewpoint - Shanghai Jin Jiang International Hotel Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange, marking a strategic move in response to competitive pressures and global challenges in the hotel industry [1][3][4]. Group 1: Company Strategy and Market Position - The issuance of H-shares is expected to enhance Jin Jiang Hotel's capital structure and support its overseas expansion strategy, particularly in Southeast Asia [6][17]. - Jin Jiang Hotel's overseas revenue has reached 30% of its total, indicating a significant international presence [7][15]. - The company aims to leverage the dual listing to optimize its market valuation and enhance its international business profile [7][10]. Group 2: Financial Performance and Capital Utilization - Jin Jiang Hotel has implemented 15 dividend distributions since its initial listing, totaling 4.1 billion HKD [4]. - The funds raised from the H-share issuance will be used for overseas business expansion, debt repayment, and operational capital [14][16]. - The company reported a total revenue of 14.063 billion RMB in 2024, with overseas hotel business revenue at 4.256 billion RMB [14]. Group 3: Industry Trends and Competitive Landscape - The hotel industry in China is witnessing a trend of domestic brands seeking listings in Hong Kong, with Jin Jiang Hotel's move potentially sparking a wave of similar actions [3]. - The Hong Kong IPO market is currently experiencing a surge, with 28 new listings and a total fundraising of 77.36 billion HKD in the first five months of 2025, reflecting strong investor interest [6]. - Jin Jiang Hotel's strategy aligns with the broader trend of Chinese hotel brands expanding internationally, particularly in response to the recovery of outbound tourism [14][18].

根据《中华人民共和国公司法》等相关法律法规以及《公司章程》的规定， 经上海锦江国际酒店股份有限公司（以下简称"公司"）工会委员会召开全体委 员会议，选举李红女士为公司第十一届董事会职工董事。李红女士将与公司股东 大会选举产生的新一届董事会成员共同组成公司第十一届董事会，任期自公司股 东大会审议通过第十一届董事会成员之日起三年。 证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2025-026 特此公告。 上海锦江国际酒店股份有限公司 关于选举职工董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海锦江国际酒店股份有限公司董事会 2025 年 6 月 13 日 附：李红女士简历： 李红，女，1973 年 11 月出生，中共党员，硕士研究生，高级政工师，企业人 力资源管理师一级；曾任上海宾馆党委书记、总经理；现任上海锦江国际酒店股 份有限公司党委副书记、纪委书记、工会主席，锦江国际酒店管理有限公司党委 书记。 ...