Financial Performance - The company's operating revenue for 2022 was approximately CNY 11.01 billion, a decrease of 3.44% compared to CNY 11.40 billion in 2021[22]. - Net profit attributable to shareholders of the listed company increased by 18.67% to CNY 113.49 million in 2022, compared to CNY 95.63 million in 2021[22]. - The net cash flow from operating activities rose by 5.40% to CNY 2.24 billion in 2022, compared to CNY 2.12 billion in 2021[22]. - Total assets decreased by 2.41% to CNY 47.43 billion at the end of 2022, down from CNY 48.60 billion at the end of 2021[22]. - The net assets attributable to shareholders of the listed company decreased by 1.10% to CNY 16.57 billion at the end of 2022, compared to CNY 16.76 billion at the end of 2021[22]. - The company reported a net loss of CNY 203.61 million attributable to non-recurring gains and losses in 2022, compared to a loss of CNY 119.12 million in 2021[22]. - The average room rate and occupancy rate metrics were not provided in the extracted content, indicating a need for further details on performance indicators[22]. - The company achieved a consolidated operating revenue of CNY 11,007.62 million in 2022, a decrease of 3.44% compared to the previous year[31]. - The net profit attributable to shareholders of the listed company was CNY 113.49 million, an increase of 18.67% year-on-year[31]. - The net cash inflow from operating activities was CNY 2,237.00 million, an increase of 5.40% compared to the previous year[32]. - The total assets as of December 31, 2022, were CNY 47,431.07 million, a decrease of 2.41% from the end of the previous year[32]. - The total liabilities amounted to CNY 30,280.78 million, down 2.60% from the previous year-end[32]. - The weighted average return on equity was 0.68%, an increase of 0.07 percentage points compared to the previous year[24]. - The basic earnings per share (EPS) was CNY 0.1061, representing a year-on-year increase of 15.58%[24]. - The company reported a loss of CNY 203.61 million after deducting non-recurring gains and losses, an increase in loss of CNY 84.49 million compared to the previous year[31]. - The asset-liability ratio was 63.84%, a decrease of 0.13 percentage points from the previous year[32]. Market and Operational Insights - The company experienced a significant impact on its operations due to the pandemic, particularly affecting its domestic limited-service hotel operations[31]. - The limited service hotel business achieved consolidated revenue of CNY 1,077,707 million in 2022, a decrease of 3.35% year-on-year[33]. - The net profit attributable to the limited service hotel segment was CNY -20,034 million, an increase in loss of CNY 19,145 million compared to the previous year, primarily due to the impact of the pandemic on domestic operations[33]. - Revenue from limited service hotels in mainland China was CNY 729,660 million, down 17.65% year-on-year, while revenue from overseas operations increased by 52.02% to CNY 348,047 million[33]. - The company opened 1,328 new hotels in 2022, resulting in a net increase of 947 hotels, with a total of 11,560 hotels and 1,103,196 rooms as of December 31, 2022[34]. - The average RevPAR for domestic limited service hotels in 2022 was 72.37% of the 2019 level, a decrease of 17.25% compared to 2021[36]. - In January and February 2023, the average RevPAR for domestic hotels recovered to 88% and 115% of the 2019 level, respectively[36]. - The overseas limited service hotel segment achieved consolidated revenue of EUR 49,303 million in 2022, an increase of 63.35% year-on-year[44]. - The average RevPAR for overseas hotels in 2022 was 99.59% of the 2019 level, reflecting a growth of 48.73% compared to 2021[43]. - The company has signed contracts for a total of 15,955 hotels, with a total of 1,520,819 rooms as of December 31, 2022[35]. - The company is actively pursuing brand revitalization, product upgrades, and new concept innovations to prepare for accelerated growth post-pandemic[43]. - The average RevPAR for mid-range hotels in mainland China decreased by 24.20% year-on-year to 122.76 RMB per room in Q4 2022[14]. - The average RevPAR for economy hotels in mainland China decreased by 27.06% year-on-year to 61.93 RMB per room in Q4 2022[14]. - The total number of hotels in mainland China and overseas reached 1,225 with 98,734 rooms as of December 31, 2022[14]. - The overseas mid-range hotel RevPAR for 2022 was 102.16% of the same period in 2019, while the economy hotel RevPAR was 99.16%[46]. Strategic Initiatives and Future Outlook - The company continues to explore market expansion opportunities, although specific plans were not outlined in the provided content[22]. - Future outlook and strategic initiatives were not detailed in the extracted content, suggesting a focus on recovery and growth strategies post-pandemic[22]. - The company expects to achieve revenue of 13.7 to 14.3 billion CNY in 2023, representing a growth of 25% to 30% year-over-year[92]. - Revenue from mainland China is projected to grow by 27% to 33%, while revenue from outside mainland China is expected to increase by 22% to 24%[92]. - The company plans to open 1,200 new limited-service hotels and sign contracts for 2,000 new limited-service hotels in 2023[95]. - The company is focused on improving operational excellence and service quality to achieve world-class operational capabilities[94]. - The company is exploring strategic acquisitions, targeting at least two mid-sized hotel chains to enhance its market presence[121]. - The company is investing in technology upgrades, with a budget of 500 million RMB allocated for enhancing digital booking systems and customer experience[121]. - Market expansion plans include entering three new cities in 2023, aiming to increase the total number of hotels by 10%[122]. - A new loyalty program was launched, aiming to increase customer retention by 30% over the next year[122]. - The company provided a positive outlook for 2023, projecting a revenue growth of 15% to 20% driven by increased domestic tourism and business travel[121]. Governance and Compliance - The board of directors confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has not violated decision-making procedures for providing guarantees[5]. - The company strictly adheres to the requirements of the Company Law, Securities Law, and Corporate Governance Guidelines, ensuring compliance with regulatory standards[108]. - The board consists of 9 directors, including 4 independent directors, and has established various committees led by independent directors to enhance governance[109]. - The supervisory board, comprising 4 members, actively monitors the performance of directors and financial practices, ensuring accountability[109]. - The company has implemented a performance evaluation system linking executive compensation to company performance, promoting transparency in high-level appointments[109]. - The company has revised its information disclosure management system to enhance transparency and protect the rights of minority shareholders[110]. - The company has established a communication platform to strengthen investor relations and ensure equal treatment of all shareholders during meetings[108]. - The company has no reported non-operational fund occupation by the controlling shareholder during the reporting period, maintaining financial independence[111]. - The company has committed to balancing the interests of shareholders, employees, and society, promoting sustainable development[109]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, implementing measures to reduce energy consumption and pollution emissions[159]. - The "Sustainable Development Theme Concept Room" was developed, showcasing eco-friendly materials and technologies, and is set to be launched in early 2023[162]. - The company has initiated a pilot program for linen recycling, achieving a 45% reduction in overall environmental impact for recycled materials compared to virgin materials[163]. - The "Yuan Dian Plan" initiated by the ZMAX brand has benefited 8,630 children by providing recycled stationery, with a total of 2.88 tons of materials collected[163]. - The company has implemented a system to reduce noise pollution by using low-noise equipment and soundproofing measures in hotels[162]. - The company has adopted energy-efficient technologies such as heat pumps and solar energy in its operations[162]. - The company has set up environmental management institutions and trained personnel to ensure compliance with environmental safety standards[159]. - The company has prioritized the procurement of low-carbon and environmentally friendly products while training suppliers on carbon emission management[165]. - A total of 86.28 million yuan was invested in social responsibility and charity activities, benefiting 10,210 individuals[168]. - The company has donated 66 million yuan to rural primary schools as part of its charity initiatives[168]. - The company has opened four public libraries as part of its community support initiatives, benefiting nearly 10,000 children[168]. Risk Management - The company is facing risks related to macroeconomic fluctuations, which could impact consumer spending on travel and dining[96]. - Rising operating costs, particularly in rent and labor, pose a risk to the company's financial performance[97]. - The company has identified potential risks related to the ownership of leased properties, which could affect its business operations[98]. - The company aims to reduce the proportion of leased properties with ownership issues to below 20% within 12 months, below 10% within 24 months, and to 0% within 36 months after the restructuring approval by the China Securities Regulatory Commission[99]. - If the company fails to meet the specified rectification ratios within the deadlines, it will take measures such as transferring the properties at no less than the assessed value or terminating leases[100]. - The company faces foreign exchange risks due to operations in multiple currencies, including Euro, GBP, and USD, which may affect future operations[104]. - The company relies heavily on its senior management team and skilled employees, and losing key personnel could significantly impact profitability[104]. Shareholder and Dividend Policies - The proposed profit distribution plan for 2022 is a cash dividend of RMB 0.60 per 10 shares, based on a total share capital of 1,070,044,063 shares[2]. - There are no plans for capital reserve transfers to increase share capital for the 2022 fiscal year[2]. - The company has established a cash dividend policy that mandates a minimum of 50% of the net profit attributable to shareholders be distributed as dividends when conditions are met[145]. - The company distributed a cash dividend of RMB 0.53 per share for the 2021 fiscal year, totaling RMB 64.20 million, which represents 56.57% of the net profit attributable to ordinary shareholders[150]. Internal Control and Audit - The company has revised its internal control system in 2022, enhancing risk management and internal audit processes to support sustainable high-quality development[153]. - The company has conducted internal control evaluations and audits for its subsidiaries, ensuring compliance with internal management standards[154]. - Deloitte Huayong CPA has conducted an independent audit of the company's internal control effectiveness, issuing a standard unqualified opinion[157].

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,051,626,596.81, a decrease of 1.15% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2022 was ¥159,862,173.17, an increase of 73.54% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,484,704.25, an increase of 45.27% compared to the same period last year[3]. - Basic earnings per share for Q3 2022 was ¥0.1494, reflecting a 73.54% increase year-on-year[3]. - For Q3 2022, the company achieved operating revenue of RMB 305.16 million, a decrease of 1.15% year-on-year[13]. - The net profit attributable to shareholders for Q3 2022 was RMB 15.99 million, an increase of 73.54% year-on-year[13]. - The company reported a net profit of CNY 149,657,227.88 for Q3 2022, down 42.24% from CNY 259,117,707.34 in Q3 2021[31]. - The company’s total comprehensive income for Q3 2022 was CNY 144,062,085.60, compared to CNY 248,168,429.96 in Q3 2021, a decline of 42.00%[32]. - Basic earnings per share for Q3 2022 were CNY 0.0392, down from CNY 0.0937 in Q3 2021, a decrease of 58.19%[32]. Assets and Liabilities - Total assets as of September 30, 2022, were ¥46,543,868,493.49, a decrease of 3.56% from the end of the previous year[4]. - The total assets as of September 30, 2022, were RMB 46.54 billion, a decrease of 3.56% from the end of the previous year[13]. - The company's current assets totaled ¥10.50 billion as of September 30, 2022, compared to ¥9.60 billion at the end of 2021[28]. - The total liabilities decreased to CNY 29,369,500,046.45 in Q3 2022 from CNY 30,926,545,536.76 in Q3 2021, a reduction of 5.04%[30]. - The total equity attributable to shareholders of the parent company was CNY 16,526,532,537.42, down from CNY 16,611,607,379.34 in the previous year, reflecting a decrease of 0.51%[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,913,267,484.47, an increase of 32.16% year-on-year[3]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY 1,913,267,484.47, an increase of 32.2% compared to CNY 1,447,648,707.71 in the same period of 2021[33]. - The total cash inflow from investment activities was CNY 809,181,282.01, significantly up from CNY 168,033,798.92 in the previous year[34]. - The net cash flow from financing activities was negative CNY 2,739,267,947.60, compared to a positive CNY 1,994,291,839.26 in the same period last year[34]. - The total cash and cash equivalents at the end of Q3 2022 was CNY 5,280,650,992.36, down from CNY 9,926,487,841.65 at the end of Q3 2021[34]. - The company's cash and cash equivalents increased to ¥7.18 billion as of September 30, 2022, from ¥6.43 billion at the end of 2021[28]. Hotel Operations - The company opened 361 new hotels in Q3 2022, resulting in a net increase of 276 hotels[15]. - As of September 30, 2022, the total number of opened hotels reached 11,251, with a total of 1,076,459 rooms[16]. - The total number of hotels opened as of September 30, 2022, was 11,251, with a net increase of 638 hotels in the first three quarters of 2022[37]. - The total number of effective members reached 182.19 million as of September 30, 2022[13]. - The average occupancy rate for all operating hotels in Q3 2022 was 60.63%, a decrease from 64.02% in Q3 2021[38]. - The average room rate for all operating hotels was 65.89 Euros in Q3 2022, compared to 60.89 Euros in Q2 2022[42]. Revenue from Segments - The company's overseas limited-service hotel business achieved consolidated revenue of €14.761 million from July to September 2022, representing a year-on-year growth of 43.81%[22]. - The food and beverage business generated consolidated revenue of ¥62.78 million from July to September 2022, a year-on-year increase of 2.32%[25]. - For the first nine months of 2022, the food and beverage business reported consolidated revenue of ¥159.71 million, a decline of 13.07% year-on-year due to the impact of domestic COVID-19[25]. Market Performance - In Q3 2022, the RevPAR for mid-scale hotels in mainland China was 75.70% of the same period in 2019, while the economy hotels' RevPAR was 67.15%, and the overall average RevPAR was 80.40% compared to 2019[21]. - For overseas mid-scale hotels, the RevPAR was 110.63% of the same period in 2019, and for economy hotels, it was 108.77%[24]. - The average room rate for mid-range hotels in Q3 2022 was RMB 253.52, with an occupancy rate of 63.76%[20]. - The average occupancy rate for mid-range hotels decreased by 12.37% to 56.76% in Q3 2022 compared to the same period in 2021[39]. - The RevPAR (Revenue per Available Room) for mid-range hotels fell by 18.71% to 138.16 RMB in Q3 2022 compared to 169.96 RMB in Q3 2021[39]. - The RevPAR for economy hotels decreased by 16.06% to 78.38 RMB in Q3 2022 compared to 93.38 RMB in Q3 2021[39].

Financial Performance - Net profit attributable to shareholders increased by 22.51% to CNY 871.91 million year-to-date[5] - Operating revenue rose by 9.23% to CNY 10.96 billion for the year-to-date period[5] - Cash flow from operating activities increased by 1.12% to CNY 2.52 billion year-to-date[5] - Basic earnings per share increased by 22.51% to CNY 0.9102[5] - The total revenue for the company reached ¥10,956,648,296.35, representing a year-on-year increase of 9.23%[23] - Total revenue for Q3 2018 reached ¥4,017,299,148.02, an increase of 7.4% compared to ¥3,741,470,288.18 in Q3 2017[55] - Year-to-date revenue for 2018 was ¥10,956,648,296.35, up from ¥10,030,483,438.71 in the same period of 2017, reflecting a growth of 9.2%[55] - The total profit for Q3 2018 reached CNY 582,218,877.68, representing a 13.5% increase from CNY 512,781,681.08 in Q3 2017[56] - The company reported a net profit margin improvement, with net profit for the year-to-date period increasing compared to the previous year[55] Asset and Liability Management - Total assets decreased by 7.81% to CNY 40.16 billion compared to the end of the previous year[5] - The company reported a significant decrease in cash and cash equivalents, down 30.94% to ¥6,825,332,377.79, primarily due to loan repayments[31] - Short-term borrowings decreased by 98.34% to ¥16,826,294.88, reflecting the repayment of short-term bank loans[31] - Total liabilities decreased to ¥26,325,515,275.27 from ¥28,943,959,198.10, representing a reduction of 9.0%[49] - Shareholders' equity totaled ¥13,833,354,714.39, down from ¥14,615,737,093.34, a decline of 5.3%[49] - Cash and cash equivalents decreased significantly to ¥1,045,707,219.73 from ¥4,948,403,936.97, a drop of 78.8%[51] - Long-term borrowings decreased to ¥16,771,742,847.92 from ¥18,996,766,220.93, a reduction of 6.4%[49] Hotel Operations - The company opened 841 new hotels and closed 342 hotels in the first nine months of 2018, resulting in a net increase of 499 hotels, bringing the total to 7,193 hotels[15] - The total number of hotels opened as of September 30, 2018, was 7,193, with a net increase of 499 hotels in the year-to-date[66] - The total number of signed hotels reached 9,098, reflecting a growth from 8,762 in the previous quarter[69] - The average room rate (RevPAR) for mid-range hotels in mainland China for Q3 2018 was CNY 226.34, a decrease of 0.68% compared to the same period in 2017[18] - The average occupancy rate for all opened hotels was 82.65% in Q3 2018, compared to 79.58% in Q2 2018[69] Research and Development - R&D expenses for the period reached RMB 9,073,349.93, a significant increase from RMB 0 in the same period last year, primarily due to software development costs incurred by the Platino Group[35] - Research and development expenses for Q3 2018 amounted to CNY 7,541,622.88, indicating ongoing investment in innovation[56] Market Strategy and Expansion - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to expand its market presence through strategic acquisitions and new product developments in the hospitality sector[27] - The company is focusing on market expansion and new product development strategies to enhance future growth prospects[55] Cash Flow and Financing Activities - Net cash flow from operating activities was RMB 2,522,970,446.36, a slight increase of 1.12% from RMB 2,494,927,724.23 in the same period last year[38] - Net cash flow from investing activities improved significantly, with a net outflow of RMB 247,003,499.35, compared to RMB 771,711,025.31 in the previous year, reflecting reduced cash outflows related to acquisitions[38] - Net cash flow from financing activities showed a larger outflow of RMB 5,294,013,005.50, compared to RMB 2,177,833,046.09 in the previous year, mainly due to the purchase of minority interests in the Platino Group[38] Shareholder Information - The total number of shareholders reached 50,802, with 25,912 holding A shares and 24,890 holding B shares[10] - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., holds 50.32% of the shares[10] Income and Expenses - Income tax expenses increased by 80.72% to RMB 331,111,614.03 from RMB 183,217,937.29 year-on-year, primarily due to the impact of a reduced corporate income tax rate in France[36] - The company reported an investment income of CNY 34,805,499.08 in Q3 2018, compared to CNY 37,219,894.14 in the same quarter last year[56] - The financial expenses for Q3 2018 were CNY 93,396,086.98, a slight decrease from CNY 96,141,688.41 in Q3 2017[56]

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2018, representing a year-on-year increase of 12%[12]. - The company's operating revenue for the first half of 2018 was approximately CNY 6.94 billion, representing a 10.34% increase compared to CNY 6.29 billion in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2018 was approximately CNY 503.41 million, a 22.05% increase from CNY 412.45 million in the previous year[21]. - The basic earnings per share for the first half of 2018 was CNY 0.5255, up 22.05% from CNY 0.4306 in the same period last year[20]. - The EBITDA for the first half of 2018 was RMB 300 million, showing a 20% increase compared to the same period last year[12]. - The company reported a significant increase of 58.22% in the net profit attributable to shareholders after deducting non-recurring gains and losses, reaching approximately CNY 315.59 million[21]. - The company achieved consolidated operating revenue of CNY 693.935 million, a year-on-year increase of 10.34%[40]. - The net profit attributable to shareholders of the listed company reached CNY 50.341 million, reflecting a year-on-year growth of 22.05%[40]. - The company reported a total profit of RMB 306,008,787.45, representing a 25.3% increase from RMB 244,225,969.69 year-over-year[150]. - The company reported a total comprehensive income of RMB 541,119,190.33 for the period, compared to RMB 407,888,129.38 in the same period of 2017, an increase of 32.6%[158]. Hotel Operations - The average occupancy rate for the hotels was 75%, which is an increase of 5 percentage points compared to the same period last year[10]. - The average room rate increased to RMB 500 per night, reflecting a 10% growth year-on-year[10]. - The RevPAR (Revenue per Available Room) reached RMB 375, marking a 15% increase from the previous year[10]. - The company operates mainly in the limited-service hotel and food and beverage sectors, utilizing both direct operation and franchise models[27][29]. - The company has a strategy of expanding its limited-service hotel operations and management, focusing on cost-effective lodging solutions for a broad consumer base[27]. - The limited service hotel business achieved consolidated revenue of 6,825.51 million CNY in the first half of 2018, a year-on-year increase of 10.73%, with a net profit of 392.40 million CNY, up 15.14% compared to the same period last year[43]. - The company opened 548 new hotels and closed 207, resulting in a net increase of 341 hotels, with a total of 7,035 hotels and 686,742 rooms as of June 30, 2018[44]. - The company reported a total of 10,162 signed hotels with a total of 1,023,188 rooms as of June 30, 2018[45]. - The company expects total revenue from its limited service hotel operations in Q3 2018 to be between 3,700.00 million CNY and 4,090.00 million CNY, with domestic revenue projected at 2,690.00 million CNY to 2,970.00 million CNY[53]. Financial Position - The company's total assets as of June 30, 2018, were approximately CNY 39.44 billion, a decrease of 9.46% from CNY 43.56 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 5.68% to approximately CNY 12.25 billion as of June 30, 2018, compared to CNY 12.98 billion at the end of the previous year[21]. - The total liabilities were CNY 2,602.421 million, down 10.09% from the end of the previous year[40]. - The company’s asset-liability ratio was 65.99%, a decrease of 0.46 percentage points from the end of the previous year[40]. - The company’s total liabilities decreased to RMB 26.02 billion as of June 30, 2018, compared to RMB 28.94 billion at the end of 2017[142]. - The equity attributable to shareholders of the parent company was RMB 12.25 billion, down from RMB 12.98 billion at the end of 2017[142]. - The company’s total liabilities increased significantly, with cash outflow for debt repayment amounting to RMB 3,205,000,000.00, compared to RMB 3,850,000,000.00 in the previous year, a decrease of 16.8%[154]. Investments and Acquisitions - The company is actively exploring mergers and acquisitions to enhance its market presence and operational efficiency[12]. - The company acquired an additional 12.0001% stake in Keystone Lodging Holdings Limited, increasing its ownership from 81.0034% to 93.0035%[39]. - The company has been actively involved in mergers and acquisitions, having acquired 80% of Vienna Hotels and 80% of Baicu Village Catering Chain in 2016, enhancing its market presence[172]. - In January, the company invested RMB 1,094,278,050.05 to acquire a 12.0001% stake in Plateno Group, raising its ownership to 93.0035%[68]. - The company also acquired 100% of Annemasse for EUR 1,743,655.95 (approximately RMB 13,428,591.86) in June[66]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2018 was approximately CNY 1.54 billion, an increase of 10.36% compared to CNY 1.40 billion in the previous year[21]. - The net cash flow from operating activities was CNY 154.192 million, an increase of 10.36% year-on-year[40]. - The company experienced a net cash outflow from financing activities of RMB 4,720,847,301.29, compared to a net outflow of RMB 1,851,466,122.55 in the previous year[152]. - The net cash outflow from investing activities improved to CNY -168,736,824.78 from CNY -704,643,142.19 in the previous year, a reduction of CNY 535,906,317.41[58]. - The company reported a cash inflow from operating activities of RMB 7,928,005,430.43, an increase of 19.0% from RMB 6,662,228,628.03 in the same period of 2017[152]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which could negatively impact financial performance due to reduced consumer spending[79]. - Rising operational costs, particularly in fixed asset depreciation and rental expenses, pose a risk to profitability if not matched by revenue growth[80]. - The company is exposed to risks from infectious diseases and food safety concerns, which could significantly impact tourism and dining[90]. - The company faces risks of goodwill impairment due to acquisitions of Lufo Group, Plateno Group, Vienna Hotels, and Jinguang Express, which may adversely affect current and future earnings[88]. - The company may increase debt financing to support acquisitions and operations, which could raise the debt-to-asset ratio and affect debt repayment capabilities if cash flow does not meet expectations[92][93]. Shareholder Information - The board of directors has approved a profit distribution plan, which includes a cash dividend of RMB 0.5 per share[12]. - The company distributed dividends totaling RMB 536,444,406.40 to shareholders during the reporting period, compared to RMB 459,809,491.20 in the same period of the previous year, indicating a year-on-year increase of approximately 16.7%[164]. - The total number of ordinary shareholders at the end of the reporting period was 43,567, including 18,710 A-share shareholders and 24,857 B-share shareholders[121]. - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., holds 482,007,225 shares, accounting for 50.32% of the total shares[123]. Environmental and Social Responsibility - The company has implemented energy-saving measures in new and renovated properties to reduce environmental impact[114]. - The company strictly adheres to environmental protection laws and has implemented management regulations to reduce noise, waste gas, greenhouse gas, and wastewater emissions[115]. - The company actively promotes energy-saving measures and conducts regular evaluations of energy-saving efforts across its enterprises[116]. - The company has established a responsibility system for energy-saving targets at all levels of leadership and departments[116]. Accounting and Compliance - The company has made accounting policy changes, including the merging of "accounts receivable" and "notes receivable" into a new item "notes and accounts receivable" as per the new financial reporting format[117]. - The financial statements of Shanghai Jin Jiang International Hotel Development Co., Ltd. comply with the requirements of enterprise accounting standards, reflecting the company's financial position as of June 30, 2017, and the operating results and cash flows for the period from January 1, 2018, to June 30, 2018[178]. - The company’s financial statements were approved by the board of directors on August 29, 2018, ensuring compliance with accounting standards[175].

Financial Performance - Operating revenue for the first quarter was CNY 3.25 billion, an increase of 14.48% year-on-year[5] - Net profit attributable to shareholders of the listed company reached CNY 230.44 million, up 15.78% from the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 69.15 million, representing a 32.75% increase year-on-year[5] - The basic earnings per share for the quarter was CNY 0.2406, a 15.78% increase from the previous year[5] - The company reported a total comprehensive income of CNY 175,222,197.23 for Q1 2018, compared to CNY 136,034,532.16 in Q1 2017, an increase of 28.9%[58] - Net profit for Q1 2018 was CNY 274,070,855.69, representing a significant increase of 36.8% from CNY 200,186,374.66 in Q1 2017[58] Revenue and Growth - Total revenue for Q1 2018 reached CNY 3,250,858,683.27, an increase of 14.5% compared to CNY 2,839,612,661.90 in the same period last year[56] - The limited-service hotel business generated consolidated revenue of CNY 3,194.78 million in Q1 2018, up 15.10% year-on-year[15] - The company’s limited service hotel business in mainland China generated revenue of RMB 3,194,777,609.09 with a gross margin of 90.30% in Q1 2018[23] - Revenue from the company's operations outside mainland China reached RMB 899,505,580.67, marking a growth of 15.06% compared to the previous year[24] - The overseas limited service hotel business achieved a revenue of €11,551,000 in Q1 2018, an increase of 8.35% year-over-year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 42.55 billion, a decrease of 2.32% compared to the end of the previous year[5] - The company's net assets attributable to shareholders were CNY 12,428.02 million, a decrease of 4.28% compared to the end of the previous year[12] - Non-current assets totaled CNY 30,642,938,109.76, a decrease from CNY 31,150,332,424.48 at the beginning of the year[51] - Total current assets decreased from ¥12,409,363,866.96 to ¥11,905,424,528.36, indicating a reduction of approximately 4.06%[50] - The company reported a decrease in total liabilities to CNY 28,967,470,930.57 from CNY 28,943,959,198.10[52] Cash Flow - The cash flow generated from operating activities was CNY 246.58 million, down 41.20% compared to the previous year[5] - The net cash flow from operating activities decreased by 41.20% to ¥246,581,796.92 from ¥419,335,444.56 in the same period last year[63] - The net cash flow from investing activities was -¥130,436,492.49, a significant improvement from -¥551,398,149.76 in the previous year[64] - The net cash flow from financing activities showed a net outflow of ¥929,972,394.77, which increased by ¥613,400,069.43 from the previous year's outflow of ¥316,572,325.34[64] Hotel Operations - The number of newly opened hotels in Q1 2018 was 258, resulting in a net increase of 164 hotels, bringing the total to 6,858 hotels[15] - The average room rate for mid-range hotels was CNY 255.77, with an occupancy rate of 78.33% in Q1 2018[18] - The average occupancy rate for all operating hotels in Q1 2018 was 74.79%, down from 76.01% in Q1 2017, a decrease of 1.6 percentage points[72] - The total number of operating hotels reached 5,571, an increase from 5,395 in the same period of 2017, representing a growth of 3.3%[71] - The company opened 164 new hotels in Q1 2018, bringing the total number of hotels to 6,858[69] Strategic Plans - The company plans to continue expanding its market presence through strategic acquisitions and new product developments in the hospitality sector[27] - The company is focusing on expanding its hotel portfolio and enhancing operational efficiency to improve future performance[78]

上海锦江国际酒店发展股份有限公司 2017 年年度报告 公司代码：600754、900934 公司简称：锦江股份、锦江 B 股 上海锦江国际酒店发展股份有限公司 2017 年年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟实施的2017年度利润分配预案为：以截至2017年12月31日的总股本957,936,440股为基 数，每10股派发现金股利（含税）人民币5.60元；B股股利折算成美元支付，其折算汇率按照公司 股东大会通过股利分配决议日下一个工作日中国人民银行公布的美元兑人民币的中间价确定。公 司2017年度无资本公积金转增股本预案。 本利润分配预案尚需提交公司股东大会审议。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 1 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 本公司第八届董事会第四 ...

Financial Performance - Operating revenue increased by 32.86% to CNY 10.03 billion for the first nine months of 2017 compared to the same period last year[5]. - Net profit attributable to shareholders rose by 40.75% to CNY 711.72 million for the first nine months of 2017[5]. - Cash flow from operating activities increased by 46.42% to CNY 2.49 billion for the first nine months of 2017 compared to the same period last year[5]. - Basic earnings per share increased by 23.22% to CNY 0.7430[5]. - The company reported a net profit of CNY 494.35 million after deducting non-recurring gains and losses, representing a 61.51% increase year-on-year[5]. - The net profit attributable to shareholders for Q3 2017 was RMB 299.27 million, an increase of 44.92% year-on-year[13]. - The operating revenue for Q3 2017 reached RMB 3,741.47 million, reflecting a growth of 17.61% compared to the same period last year[13]. - The total profit for Q3 2017 was CNY 512,781,681.08, compared to CNY 320,992,605.85 in Q3 2016, indicating a significant increase of 59.7%[82]. - The net profit for the first nine months of 2017 was CNY 799,430,275.72, compared to CNY 525,141,218.61 in the same period last year, reflecting a growth of 52.1%[82]. Assets and Liabilities - Total assets decreased by 2.19% to CNY 43.23 billion compared to the end of the previous year[5]. - The total liabilities decreased to RMB 28,636.05 million, down 4.16% from the end of the previous year[13]. - The company's accounts receivable increased by 73.39% to CNY 1,098,601,468.67, primarily due to the consolidation of Sarovar in India and increased receivables from Jin Jiang Star and Vienna hotels[50]. - The company's short-term borrowings decreased by 76.73% to CNY 960,657,140.75, indicating improved liquidity management[50]. - The total current liabilities increased to CNY 12.96 billion from CNY 12.07 billion, reflecting a rise of about 7.38%[73]. - The company's long-term borrowings decreased to CNY 12.82 billion from CNY 14.94 billion, a reduction of approximately 14.19%[73]. Hotel Operations - By September 30, 2017, the company had opened a total of 6,503 limited-service hotels, with 83.59% being franchise hotels[19]. - The limited-service hotel business generated operating revenue of RMB 3,676.23 million in Q3 2017, a growth of 18.11% year-on-year[18]. - The revenue from the company's operations in mainland China accounted for 70.49% of the total hotel business revenue in Q3 2017[18]. - The total number of signed limited-service hotels reached 8,951, with "Jinjiang Inn" brand accounting for 1,234 hotels[27]. - The total number of hotels in operation increased from 1,130 in 2016 to 1,206 in 2017, representing a growth of approximately 6.7%[94]. - The total number of rooms in operation rose from 133,751 in 2016 to 141,712 in 2017, an increase of about 6.0%[94]. Revenue Streams - Non-operating income for the first nine months amounted to CNY 217.37 million[9]. - The food and beverage segment reported a revenue of RMB 18.99 million for the first nine months of 2017, a slight increase of 0.17% year-on-year[36]. - The revenue from Shanghai Jin Jiang International Catering Investment Management Co., Ltd. was CNY 19,326, with a loss of CNY 2,251, indicating challenges in the food and beverage segment[46]. - The total revenue for limited service hotel operations and management was approximately RMB 9.84 billion, with a gross margin of 91.09%[42]. - The company reported a total revenue of RMB 10.03 billion across all business segments, with a gross margin of 90.35%[42]. Market Expansion and Strategy - The company plans to expand its market presence through acquisitions, including the 81.0034% stake in Keystone Lodging Holdings Limited and 80% stakes in Vienna Hotels and Baicu Village Catering[47]. - The company is focusing on enhancing its service offerings and operational efficiency to drive future growth and profitability[48]. - The company continues to expand its market presence with a focus on increasing the number of franchise and management hotels, which grew from 909 in September 2016 to 998 in September 2017[99]. Cash Flow and Financing - The net cash flow from operating activities increased by 46.42% to CNY 2,494,927,724.33, up from CNY 1,704,000,607.69 in the previous year[61]. - The cash inflow from financing activities totaled CNY 7,761,089,230.33, a decrease of 64.0% from CNY 21,520,124,421.15 in the same period last year[89]. - The cash and cash equivalents increased to CNY 9.26 billion from CNY 7.79 billion at the beginning of the year, representing a growth of approximately 18.93%[72]. - The company reported interest expenses of RMB 13.07 million related to borrowings during the first nine months of 2017[65]. Shareholder Information - The total number of shareholders reached 53,115, with A-share shareholders numbering 27,160 and B-share shareholders 25,955[10]. - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., holds 50.32% of the shares[10].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2017, representing a year-on-year increase of 15%[12]. - The company's operating revenue for the first half of 2017 was approximately CNY 6.29 billion, representing a 43.97% increase compared to CNY 4.37 billion in the same period of 2016[22]. - The net profit attributable to shareholders for the first half of 2017 was approximately CNY 412.45 million, a 37.87% increase from CNY 299.16 million in the previous year[22]. - EBITDA for the first half of 2017 was RMB 300 million, showing a growth of 20% year-on-year[12]. - The net cash flow from operating activities increased by 83.23% to approximately CNY 1.40 billion, up from CNY 762.56 million in the same period last year[22]. - The basic earnings per share for the first half of 2017 was CNY 0.4306, reflecting a 15.81% increase from CNY 0.3718 in the same period of 2016[20]. - The net profit after deducting non-recurring gains and losses was approximately CNY 199.46 million, a significant increase of 96.15% from CNY 101.69 million in the previous year[22]. - The total assets as of June 30, 2017, were approximately CNY 42.29 billion, a decrease of 4.32% from CNY 44.20 billion at the end of 2016[22]. - The company's net assets attributable to shareholders decreased by 1.05% to approximately CNY 12.67 billion from CNY 12.80 billion at the end of 2016[22]. Operational Metrics - The average room rate (ARR) increased to RMB 450 per room, up 10% compared to the same period last year[10]. - The occupancy rate reached 75%, reflecting a 5% improvement from the previous year[10]. - The limited service hotel segment generated operating revenue of CNY 616,421 million, up 45.14% year-on-year, with net profit for this segment increasing by 158.60% to CNY 34,081 million[43]. - Revenue from domestic operations in mainland China reached CNY 437,028 million, a growth of 72.44% year-on-year, accounting for 70.90% of total hotel business revenue[43]. - The average RevPAR for "Jinjiang Inn" was RMB 138.15, showing a year-on-year increase of 0.63%[55]. - The average occupancy rate for "Jinjiang Inn" was 76.54%, up from 75.38% in the previous year[55]. - The average room rate for "Liyuan" hotels was RMB 210.09, with an occupancy rate of 81.02%[58]. - The average RevPAR for "Vienna International" hotels was RMB 218.60, with an average occupancy rate of 86.23%[60]. - The average room rate for "Campanile" hotels was €57.95, with an occupancy rate of 62.87%[62]. Expansion and Investment - The company plans to expand its hotel portfolio by opening 20 new hotels in 2018, targeting key urban areas[12]. - The company has invested RMB 100 million in technology upgrades to enhance customer experience and operational efficiency[12]. - The company added 429 new limited-service chain hotels, bringing the total to 6,297 hotels as of June 30, 2017[50]. - The company signed 982 new limited-service chain hotels in the first half of 2017, totaling 8,602 signed hotels as of June 30, 2017[45]. - The total number of rooms in signed limited-service chain hotels reached 850,257, with 129,258 rooms in direct-operated hotels (15.20%) and 720,999 rooms in franchised hotels (84.80%) as of June 30, 2017[45]. - The company achieved consolidated operating revenue of 24,189 million EUR from overseas limited-service chain hotels, a year-on-year increase of 2.55%[49]. - The net profit attributable to the parent company from overseas operations was 2,005 million EUR, reflecting a significant increase of 196.16% year-on-year[49]. Risk Management and Challenges - The company emphasizes the importance of risk management in its operations, particularly in the context of market fluctuations[4]. - The company is exposed to macroeconomic risks that could impact the performance of its limited-service hotel and chain restaurant businesses[91]. - The company faces risks from rising operating costs, particularly in fixed asset depreciation and rental expenses for its direct-operated hotels, which could negatively impact financial performance if average room rates and occupancy do not increase correspondingly[92]. - The company primarily operates its brands through franchising, which poses management risks if franchisees fail to meet operational standards, potentially leading to revenue losses and reputational damage[94]. - The company is vulnerable to declines in tourism and dining due to outbreaks of infectious diseases or food safety concerns, which could significantly impact business development[102]. Shareholder and Governance - The board has proposed a profit distribution plan, recommending a cash dividend of RMB 0.5 per share[12]. - The largest shareholder, Shanghai Jin Jiang International Hotels (Group) Co., Ltd., holds 482,007,225 shares, representing 50.32% of the total shares[136]. - The total number of ordinary shareholders at the end of the reporting period was 60,927, including 34,307 A-share shareholders and 26,620 B-share shareholders[135]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[110]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers[116]. Financial Structure and Cash Flow - The company maintains a reasonable debt structure and good repayment capacity, but cash flow shortfalls could adversely affect its debt servicing ability[104]. - The company reported a net cash outflow from investment activities of -704.64 million yuan, a significant reduction from -8,248.29 million yuan in the previous year[74]. - The net cash outflow from financing activities was -1,851.47 million yuan, an increase of 11,552.48 million yuan compared to the previous year[74]. - The company reported a total of RMB 1.17 billion in available-for-sale financial assets, down from RMB 1.32 billion, a decrease of approximately 11.4%[155]. - The company's total liabilities as of June 30, 2017, were RMB 28.05 billion, down from RMB 29.88 billion at the end of 2016, indicating a reduction of about 6.1%[155]. Subsidiaries and Related Transactions - The company reported a total revenue of 68,462 million RMB and a net profit of 7,582 million RMB from its subsidiary Jinjiang Star Hotel Co., Ltd. for the first half of 2017[87]. - The company’s subsidiary, Vienna Hotels, generated revenue of 1,026.99 million yuan with a net profit of 94.85 million yuan in the first half of 2017[71]. - The company’s subsidiary, Baishui Village Catering, reported revenue of 147.74 million yuan but incurred a net loss of 0.399 million yuan[71]. - The company reported a total of 4,529,605.98 RMB in related party transactions, with a 0.37% proportion of similar transactions[117]. Strategic Initiatives - The company is committed to sustainable development and aims to reduce energy consumption by 15% over the next three years[12]. - The company is actively pursuing a strategy of global expansion and cross-border operations, enhancing operational management and integration measures[39]. - The company aims to reduce the proportion of leased properties with ownership issues to below 20% within 12 months, 10% within 24 months, and 0% within 36 months following regulatory approval of its restructuring plan[96].