| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002186 | 全聚德 | 4814.69万 | 9.57% | 1255.11万 | 2.49% | -6069.80万 | -12.06% | | 000721 西安饮食 | | 2976.86万 | 8.63% | 1170.40万 | 3.39% | -4147.26万 | -12.02% | | 601007 | 全陵饭店 | 1677.42万 | 24.73% | -1698.70万 | -25.04% | 21.28万 | 0.31% | | 002306 | *ST云网 | 981.56万 | 32.32% | -355.15万 | -11.70% | -626.40万 | -20.63% | | 605108 | 同庆楼 | 122.20万 | 2.50% | -255.30万 | -5.22% | 133.10万 | 2.72% | | 0004 ...

Core Insights - The hotel and catering sector experienced a rise of 1.83% on November 5, with *ST Yunwang leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Sector Performance - The following companies showed notable performance: - *ST Yunwang: Closed at 2.04, up 5.15%, with a trading volume of 712,200 shares and a turnover of 144 million yuan [1] - Shoulv Hotel: Closed at 14.80, up 2.64%, with a trading volume of 164,300 shares and a turnover of 24.2 million yuan [1] - Huatian Hotel: Closed at 3.38, up 1.81%, with a trading volume of 241,100 shares and a turnover of 81.3 million yuan [1] - Jinjiang Hotel: Closed at 23.34, up 1.66%, with a trading volume of 118,800 shares and a turnover of 276 million yuan [1] - Junxi Hotel: Closed at 21.96, up 1.39%, with a trading volume of 91,200 shares and a turnover of 203 million yuan [1] Capital Flow - The hotel and catering sector saw a net inflow of 7.03 million yuan from institutional investors, while retail investors contributed a net inflow of 6.04 million yuan [1] - Notable capital flows for specific companies include: - Junxi Hotel: Net inflow of 18.90 million yuan from institutional investors, but a net outflow of 26.04 million yuan from retail investors [2] - Shoulv Hotel: Net inflow of 7.34 million yuan from institutional investors, with a net outflow of 2.94 million yuan from retail investors [2] - *ST Yunwang: Net inflow of 5.40 million yuan from institutional investors, with a net outflow of 0.77 million yuan from retail investors [2]

Core Insights - The hotel and catering sector experienced a 1.0% increase on November 3, with *ST Yunwang leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Sector Performance - The following table summarizes the performance of key stocks in the hotel and catering sector: | Code | Name | Closing Price | Change (%) | Volume (10,000) | Turnover (Million) | |--------|--------------|---------------|------------|------------------|---------------------| | 002306 | *ST Yunwang | 1.93 | 3.21% | 45.20 | 87.83 | | 600754 | Jinjiang Hotel| 23.06 | 2.44% | 18.16 | 414.00 | | 000721 | Xi'an Catering| 8.75 | 1.86% | 13.84 | 120.00 | | 000428 | Huaten Hotel | 3.31 | 1.53% | 20.52 | 67.77 | | 002186 | Quanjude | 11.60 | 0.78% | 4.96 | 57.26 | | 301073 | Junxi Hotel | 21.61 | 0.56% | 2.90 | 62.48 | | 601007 | Jinling Hotel | 7.45 | -0.13% | 7.33 | 54.66 | | 600258 | Shoulv Hotel | 14.46 | -0.48% | 9.53 | 138.00 | | 605108 | Tongqinglou | 18.78 | -0.69% | 1.88 | 35.35 | [1] Capital Flow - The hotel and catering sector saw a net inflow of 5.90 million yuan from main funds, while retail investors experienced a net outflow of 55.97 million yuan [1] - The following table details the capital flow for key stocks: | Code | Name | Main Net Inflow (Million) | Main Net Ratio (%) | Speculative Net Inflow (Million) | Speculative Net Ratio (%) | Retail Net Inflow (Million) | Retail Net Ratio (%) | |--------|--------------|---------------------------|---------------------|----------------------------------|---------------------------|-----------------------------|-----------------------| | 600754 | Jinjiang Hotel| 15.99 | 4.85 | 1.53 | 0.46 | -17.51 | -5.31 | | 600258 | Shoulv Hotel | 6.32 | 5.53 | 4.25 | 3.72 | -10.57 | -9.25 | | 002306 | *ST Yunwang | 4.97 | 6.44 | -0.49 | -0.63 | -4.48 | -5.81 | | 000721 | Xi'an Catering | 1.28 | 1.75 | 0.28 | 0.38 | -1.56 | -2.13 | | 002186 | Quanjude | -1.83 | -3.74 | -0.20 | -0.42 | 2.03 | 4.16 | | 301073 | Junxi Hotel | -2.41 | -4.62 | -1.75 | -3.35 | 4.16 | 7.97 | | 605108 | Tongqinglou | -4.92 | -16.21 | -1.22 | -4.01 | 6.13 | 20.22 | | 000428 | Huaten Hotel | -5.30 | -9.07 | -1.37 | -2.35 | 6.67 | 11.42 | | 601007 | Jinling Hotel | -8.20 | -18.79 | -1.33 | -3.05 | 9.53 | 21.84 | [2]

Core Viewpoint - Jinling Hotel, established in December 2002 and listed in April 2007, is recognized as China's first internationally managed five-star hotel and the "first hotel stock" in A-shares, holding significant brand influence in the industry [1] Group 1: Business Performance - In Q3 2025, Jinling Hotel reported revenue of 1.283 billion yuan, ranking third among five companies in the industry, with the top competitor, Jinjiang Hotels, generating 10.241 billion yuan [2] - The main business composition includes commodity trading at 479 million yuan (56.27%), dining at 106 million yuan (12.47%), and guest rooms at 95.39 million yuan (11.21%) [2] - The net profit for the same period was 56.41 million yuan, also ranking third in the industry, with Jinjiang Hotels leading at 799 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jinling Hotel's debt-to-asset ratio was 30.79%, lower than the previous year's 36.04% and below the industry average of 57.79% [3] - The gross profit margin for the same period was 24.70%, down from 26.15% year-on-year and below the industry average of 29.21% [3] Group 3: Management and Shareholder Information - The chairman, Bi Jinbiao, and general manager, Zhang Shengxin, have seen a decrease in compensation, with Zhang's salary for 2024 set at 684,000 yuan, down from 699,200 yuan in 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 10.00% to 30,200, while the average number of circulating A-shares held per account increased by 11.11% to 12,900 [5]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company is currently facing performance pressure but is expected to reach a turning point in the future [1] - The report highlights a decline in revenue and net profit for the third quarter of 2025, with a year-on-year decrease of 11.52% in revenue and 13.04% in net profit [7] - The company’s gross margin is under pressure, with an increase in expenses impacting profitability [7] - The forecast for net profit for 2025-2027 is estimated at 0.42 billion, 0.55 billion, and 0.62 billion respectively, with corresponding PE ratios of 68x, 53x, and 46x [7] Financial Performance Summary - For the third quarter of 2025, the company reported revenue of 432 million, a decrease of 11.52% year-on-year, and a net profit of 17 million, down 13.04% year-on-year [7] - For the first three quarters of 2025, total revenue was 1.283 billion, down 8.59% year-on-year, and net profit was 40 million, down 7.88% year-on-year [7] - The gross margin for the third quarter of 2025 was 24.56%, a decrease of 1.78 percentage points year-on-year [7] - The company’s operating expenses have increased, with sales, management, and R&D expense ratios rising compared to the previous year [7] Earnings Forecast - The projected revenue for 2025 is 1.777 billion, reflecting a decrease of 5.0% from the previous year [6] - The expected net profit for 2025 is 42 million, with a growth rate of 27.7% in 2026 and 13.7% in 2027 [6] - The earnings per share (EPS) is forecasted to be 0.11 in 2025, increasing to 0.16 by 2027 [6] Market Performance - The company’s stock has shown a performance of -8% over the last 12 months compared to the CSI 300 index [4]

Core Insights - Jinling Hotel Co., Ltd. reported a decline in financial performance for Q3 2025, with significant reductions in revenue and net profit compared to the previous year [1] Financial Performance - The company's operating revenue for Q3 was approximately 432 million RMB, representing a year-on-year decrease of 11.52% [1] - The net profit attributable to shareholders was around 16.82 million RMB, down 13.04% year-on-year [1] - The net profit after deducting non-recurring items was approximately 14.86 million RMB, reflecting a year-on-year decline of 16.69% [1]

证券代码：601007 证券简称：金陵饭店 公告编号：临 2025-028 号 金陵饭店股份有限公司 第八届董事会第十一次会议决议公告 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个别及连带责任。 金陵饭店股份有限公司（以下简称"公司"）第八届董事会第十一次会议于 2025 年 10 月 29 日以通讯方式召开。会议应出席董事 11 名，实际出席董事 11 名。会议的召开符合《公司法》等有关法律、法规及《公司章程》的规定。经 与会董事审议，一致通过了以下议案： 一、审议通过《关于调整第八届董事会专门委员会成员的议案》 根据《公司法》《公司章程》等相关规定，按照各专门委员会人数和独立董 事比例的要求，结合董事履历背景和工作经验，建议各专门委员会调整如下： 战略与ESG委员会：毕金标（主任委员）、沈坤荣、陶彬彦、张胜新、周蕾 审计委员会：虞丽新（主任委员）、沈坤荣、万绪才、毕金标、刘飞燕 提名委员会：沈坤荣（主任委员）、万绪才、陈立虎、毕金标、张胜新 薪酬与考核委员会：万绪才（主任委员）、沈坤荣、虞丽新、陈立虎、丁文 虎 各专门委员会任期 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥432,427,795.30, a decrease of 11.52% compared to the same period last year[6] - The total profit for the quarter was ¥29,517,467.84, reflecting a decline of 17.60% year-over-year[6] - The net profit attributable to shareholders was ¥16,822,762.78, down 13.04% from the previous year[6] - The basic earnings per share decreased to ¥0.043, a reduction of 14.00% compared to the same quarter last year[6] - Total operating revenue for the first three quarters of 2025 was CNY 1,283,343,678.21, a decrease of 8.6% compared to CNY 1,403,958,158.54 in the same period of 2024[23] - Net profit for the first three quarters of 2025 was CNY 56,410,813.45, a decline of 24.5% from CNY 74,763,054.21 in 2024[25] - Earnings per share for the first three quarters of 2025 were CNY 0.103, compared to CNY 0.112 in the same period of 2024, indicating a decrease of 8.0%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,432,224,931.92, an increase of 3.41% from the beginning of the year[6] - The total assets increased to CNY 3,432,224,931.92 in 2025 from CNY 3,319,124,099.90 in 2024, representing a growth of 3.4%[21] - Total liabilities rose to CNY 1,056,617,280.42 in 2025, up from CNY 948,199,132.31 in 2024, marking an increase of 11.4%[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥120,334,065.80, a significant increase of 112.37% compared to the same period last year[6] - In the first three quarters of 2025, the net cash flow from operating activities was ¥120,334,065.80, a significant increase of 112.4% compared to ¥56,662,582.07 in the same period of 2024[29] - Total cash inflow from operating activities decreased to ¥1,471,898,891.91, down 7.4% from ¥1,589,865,590.51 in the previous year[29] - Cash outflow from operating activities also decreased to ¥1,351,564,826.11, a reduction of 11.8% compared to ¥1,533,203,008.44 in 2024[29] - The net cash flow from investing activities was ¥20,309,892.60, a turnaround from a negative cash flow of -¥5,837,490.35 in the same period last year[30] - Cash inflow from investing activities totaled ¥342,616,769.76, down 50.2% from ¥687,261,930.45 in 2024[30] - Cash outflow from investing activities decreased to ¥322,306,877.16, a decline of 53.5% compared to ¥693,099,420.80 in the previous year[30] - Cash flow from financing activities showed a net increase of ¥4,389,493.14, compared to a negative cash flow of -¥19,266,850.91 in the same period of 2024[30] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 30,169[12] - The largest shareholder, Nanjing Jinling Hotel Group Co., Ltd., holds 169,667,918 shares, accounting for 43.50% of total shares[12] Corporate Governance - The company plans to revise its articles of association and optimize its corporate governance structure[14] - The board of directors will increase from 10 to 11 members to enhance governance[15] - The company has no shareholders participating in margin trading or securities lending[13] Investments and Renovations - The company completed the acquisition of 100% equity in Jinling Fast Food Company in October 2024, which is now consolidated in the financial statements[7] - The company completed the equity custody of 11 hotels, which are now under integrated management[16] - The company has successfully completed the renovation of the Xi'an Jinling Zijinshan Hotel, which opened in July 2025[16] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 2,428,279.79, slightly higher than CNY 2,277,018.40 in 2024, indicating a focus on innovation[23] Financial Management - The company reported a financial expense of CNY 3,439,693.04 for the first three quarters of 2025, a decrease from CNY 9,532,751.37 in 2024, suggesting improved financial management[23]

Market Overview - The hotel and catering sector experienced a decline of 0.78% on October 28, with *ST Yunwang leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Tongqinglou (605108) saw a closing price of 19.39, with an increase of 1.09% and a trading volume of 20,700 hands, totaling a transaction value of 40.17 million yuan [1] - Quanjude (002186) closed at 11.51, down 0.26%, with a trading volume of 48,400 hands and a transaction value of 55.76 million yuan [1] - Huatian Hotel (000428) closed at 3.25, down 0.31%, with a trading volume of 151,100 hands and a transaction value of 49.14 million yuan [1] - JInling Hotel (601007) closed at 7.41, down 0.40%, with a trading volume of 50,800 hands and a transaction value of 37.75 million yuan [1] - Xianyinshi (000721) closed at 8.61, down 0.69%, with a trading volume of 116,200 hands and a transaction value of 100 million yuan [1] - Shoulu Hotel (600258) closed at 14.23, down 0.77%, with a trading volume of 59,300 hands and a transaction value of 84.48 million yuan [1] - Junxi Hotel (301073) closed at 21.43, down 1.15%, with a trading volume of 25,200 hands and a transaction value of 54.35 million yuan [1] - Jinjiang Hotel (600754) closed at 21.94, down 1.17%, with a trading volume of 73,700 hands and a transaction value of 163 million yuan [1] - *ST Yunwang (002306) closed at 1.86, down 2.62%, with a trading volume of 631,700 hands and a transaction value of 11.7 million yuan [1] Capital Flow Analysis - The hotel and catering sector saw a net outflow of 30.43 million yuan from main funds, while retail investors contributed a net inflow of 43.45 million yuan [1] - The capital flow for individual stocks indicates that *ST Yunwang had a main fund net inflow of 2.82 million yuan, while retail investors contributed a net inflow of 2.81 million yuan [2] - Shoulu Hotel had a main fund net inflow of 2.71 million yuan, but retail investors had a net outflow of 5.99 million yuan [2] - Tongqinglou experienced a main fund net inflow of 1.63 million yuan, while retail investors had a net outflow of 1.87 million yuan [2] - Xianyinshi faced a significant main fund net outflow of 16.41 million yuan, but retail investors had a net inflow of 12.92 million yuan [2]

Market Overview - The hotel and catering sector increased by 0.07% on October 27, with Quan Juding leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Key stocks in the hotel and catering sector showed varied performance: - Quan Juding (002186) closed at 11.54, up 0.61% with a trading volume of 62,200 shares and a turnover of 71.56 million yuan [1] - Jinling Hotel (601007) closed at 7.44, up 0.54% with a trading volume of 68,400 shares and a turnover of 50.76 million yuan [1] - Shoulv Hotel (600258) closed at 14.34, up 0.28% with a trading volume of 98,200 shares and a turnover of 140 million yuan [1] - Other notable performances include: - Jinjia Hotel (600754) at 22.20, up 0.23% [1] - Junting Hotel (301073) at 21.68, up 0.14% [1] - Xianyin Food (000721) at 8.67, down 0.23% [1] - ST Yunwang (002306) at 1.91, down 4.98% [1] Capital Flow - The hotel and catering sector experienced a net outflow of 16.73 million yuan from institutional funds and 13.68 million yuan from speculative funds, while retail investors saw a net inflow of 30.41 million yuan [1] - Detailed capital flow for key stocks includes: - Quan Juding had a net inflow of 5.98 million yuan from institutional funds, but a net outflow of 4.32 million yuan from speculative funds [2] - Jinling Hotel saw a net inflow of 1.15 million yuan from institutional funds, with a net outflow of 0.99 million yuan from speculative funds [2] - ST Yunwang had a significant net outflow of 3.95 million yuan from institutional funds, but a net inflow of 1.18 million yuan from speculative funds [2] - Junting Hotel experienced a net outflow of 7.33 million yuan from institutional funds, with a notable net inflow of 16.18 million yuan from retail investors [2]