Investment Rating - The report maintains a "Recommended" rating for the company [1][3]. Core Views - The company reported a revenue of 1.388 billion yuan for the first three quarters of 2024, a year-on-year increase of 2.60%, while the net profit attributable to shareholders decreased by 24.36% to 42 million yuan [1]. - The report highlights the pressure on the hotel business due to the overall market environment, with RevPAR/ADR facing challenges [1]. - The company is actively exploring online marketing channels for its food business, achieving significant sales through live streaming [1]. - Future growth potential is anticipated from the deepening of state-owned enterprise reforms and the enhancement of core hotel assets [1]. Financial Performance Summary - For Q3 2024, the company achieved a revenue of 483 million yuan, up 3.67% year-on-year, but the net profit attributable to shareholders fell by 26.22% to 19 million yuan [1]. - The gross profit margin for Q3 2024 was 26.35%, a decrease of 1.57 percentage points year-on-year, while the net profit margin was 3.86%, down 1.32 percentage points [1]. - The operating cash flow for the first three quarters of 2024 was 55 million yuan, a significant decrease of 82.61% compared to the same period in 2023 [1]. Revenue and Profit Forecast - The forecast for net profit attributable to shareholders is projected to be 61 million yuan in 2024, 70 million yuan in 2025, and 75 million yuan in 2026, with corresponding PE ratios of 43, 38, and 35 times respectively [2][4]. - The expected revenue growth rates for the next few years are 28.1% in 2025, 4.5% in 2026, and 4.2% in 2027 [2][4]. Cash Flow and Investment Activities - The net cash flow from operating activities for the first three quarters of 2024 was 55 million yuan, with a notable decrease in cash outflow from investment activities [1][6]. - The report indicates a reduction in cash outflow from financing activities, primarily due to decreased cash payments for debt repayment [1]. Asset and Liability Overview - The total assets are projected to reach 4.107 billion yuan by 2024, with total liabilities expected to be 1.671 billion yuan [5]. - The report outlines a stable financial position with a current ratio of 1.38 and a quick ratio of 0.73 for 2024 [5].

Financial Performance - The company's operating revenue for Q3 2024 was ¥483,146,674.12, representing a year-on-year increase of 3.67%[2] - The net profit attributable to shareholders for the same period was ¥18,628,604.31, a decrease of 22.73% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,124,899.29, down 9.06% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.048, a decrease of 22.58% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 1,387,756,927.57, an increase of 2.9% compared to CNY 1,352,565,467.16 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 73,082,636.95, a decrease of 22.5% from CNY 94,368,602.46 in the same period of 2023[15] - Earnings per share (EPS) for the first three quarters of 2024 was CNY 0.107, down from CNY 0.142 in 2023, indicating a decline of 24.6%[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,723,303,541.12, an increase of 4.38% from the end of the previous year[3] - The company's current assets totaled RMB 1,498,995,832.30, slightly up from RMB 1,482,974,770.29 at the end of 2023, indicating a growth of about 1.00%[11] - The total liabilities of the company as of September 30, 2024, were RMB 1,010,248,513.08, up from RMB 828,585,346.75, reflecting an increase of about 21.93%[12] - Total liabilities increased to CNY 1,342,037,491.72 in Q3 2024 from CNY 1,185,500,561.95 in Q3 2023, marking a rise of 13.2%[14] - The company's total equity increased to RMB 2,713,055,028.04 from RMB 2,738,487,627.65, indicating a decrease of approximately 0.93%[12] - Total equity attributable to shareholders of the parent company was CNY 1,584,792,506.16, slightly down from CNY 1,589,771,859.07 in the previous year[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥55,478,351.67, a significant decrease of 82.61%[3] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 1,544,075,614.93, an increase from CNY 1,516,039,995.86 in the same period of 2023, reflecting a growth of approximately 1.85%[17] - The net cash flow from operating activities decreased significantly to CNY 55,478,351.67, down from CNY 319,019,767.65 in the previous year, indicating a decline of about 82.7%[17] - Cash inflow from financing activities was CNY 363,864,870.73, down from CNY 484,013,180.00 in 2023, showing a decrease of about 24.8%[18] - The company experienced a decrease in cash flow from financing activities, with total outflows of CNY 383,131,721.64 compared to CNY 580,276,258.71 in the previous year, a reduction of approximately 34%[18] Expenses - The company reported a significant increase in tax expenses, which rose to CNY 24,930,473.60 in 2024 from CNY 5,844,165.52 in 2023, reflecting a growth of 326.5%[14] - Research and development expenses decreased to CNY 2,277,018.40 in 2024 from CNY 2,725,546.71 in 2023, a reduction of 16.4%[14] - Financial expenses decreased significantly to CNY 9,529,303.44 in 2024 from CNY 18,527,764.62 in 2023, a decline of 48.5%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,122[7] - The company received government subsidies amounting to ¥122,171.58 during the reporting period[4] Other Financial Metrics - The weighted average return on equity for the period was 1.16%, a decrease of 0.37 percentage points year-on-year[3] - The total non-recurring gains and losses for the period amounted to ¥1,503,705.02[5] - The company reported a significant increase in prepaid expenses, which rose to RMB 121,083,673.20 from RMB 69,803,892.32, marking an increase of around 73.32%[11] - Total operating costs for the first three quarters of 2024 were CNY 1,280,813,029.33, up from CNY 1,247,115,587.34 in 2023, reflecting a rise of 2.7%[14] - Cash and cash equivalents increased to RMB 290,461,318.86 from RMB 248,948,657.76, representing a growth of approximately 16.67%[11] - Accounts receivable rose to RMB 76,466,771.15, compared to RMB 62,216,143.63 at the end of 2023, marking an increase of around 22.91%[11] - Inventory increased to RMB 615,365,077.24 from RMB 518,123,106.69, showing a growth of approximately 18.77%[11]

证券代码：601007 证券简称：金陵饭店 公告编号：临 2024-028号 金陵饭店股份有限公司 第八届董事会第三次会议决议公告 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。 根据公司酒店主业发展战略，为加强连锁酒店总部建设、实现一体化集约 化经营管理，同意公司全资子公司南京金陵酒店管理有限公司（简称"金陵酒管 公司"）现金收购江苏省新兴产业投资管理有限公司（简称"新兴产业公司"） 持有的南京金陵文旅酒店管理有限公司（简称"金陵文旅公司"）30%股权，并 在收购完成后进一步推进金陵酒管公司、金陵文旅公司组织架构和人员团队的优 化调整，以促进酒店主业的多品牌、规模化发展。 金陵饭店股份有限公司（以下简称"公司"）第八届董事会第三次会议于2024 年9月29日以通讯方式召开。本次会议的通知及相关材料已于9月24日以电子邮件 方式发送公司全体董事。会议应出席董事10名，实际出席董事10名。会议的召开 符合《公司法》和《公司章程》的有关规定。经与会董事审议，一致通过了以下 议案： 一、审议通过《关于公司全资子公司拟现金收 ...

证券代码：601007 证券简称：金陵饭店 公告编号：临 2024-029 号 金陵饭店股份有限公司 关于全资子公司收购江苏金陵快餐有限公司100%股 权暨关联交易的公告 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个别及连带责任。 重要内容提示： 金陵饭店股份有限公司（以下简称"公司"）全资子公司江苏金陵食品 科技有限公司（以下简称"食品科技公司"）拟以现金方式收购南京金陵饭店集 团有限公司（以下简称"金陵饭店集团"）全资子公司江苏金陵五星实业有限公 司（以下简称"五星实业公司"）持有的江苏金陵快餐有限公司（以下简称"金 陵快餐公司"）100%股权（以下简称"本次交易"）。 本次交易依据第三方评估机构江苏中企华中天资产评估有限公司以2024 年5月31日为评估基准日出具的《江苏金陵食品科技有限公司拟股权收购涉及的 江苏金陵快餐有限公司股东全部权益价值资产评估报告》（苏中资评报字[2024] 第2069号）（以下简称"《评估报告》"）的评估结果，并经交易双方协商后确 定交易价款总金额为920万元。 本次交易构成关联交易，不构成《上市公 ...

证券代码：601007 证券简称：金陵饭店 公告编号：临 2024-027 号 金陵饭店股份有限公司 关于召开2024年半年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个别及连带责任。 重要内容提示： 会议召开时间：2024 年 09 月 25 日（星期三） 上午 09:00-10:00 （一） 会议召开时间：2024 年 09 月 25 日 上午 09:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 金陵饭店股份有限公司（以下简称"公司"）已于 2024 年 8 月 30 日发布了公 司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司经营成果、财 务状况，公司计划于 2024 年 09 月 25 日上午 09:00-10:00 举行 2024 年半年度业 绩说明会，就投资者关心的问题进行交流。 投资者可于 2024 年 09 月 18 日（星期三）至 09 月 24 日（星期二）16: ...

Investment Rating - The report maintains a "Recommended" rating for the company [3][5]. Core Viewpoints - The company reported a stable hotel business and is expanding its diversified layout, with a 2.0% year-on-year increase in revenue to 910 million yuan in H1 2024, while net profit attributable to shareholders decreased by 25.6% to 23.19 million yuan [2][3]. - The hotel segment achieved revenue of 270 million yuan in H1 2024, reflecting a 1.0% year-on-year growth, with a gross margin of 40.5% [2]. - The white liquor business showed steady growth, with the subsidiary Su Tang Tang Jiu generating revenue of 510 million yuan, up 2.1% year-on-year [2]. - The food business maintained high growth, achieving revenue of 22.83 million yuan, a 40.9% increase year-on-year, driven by new product launches and improved brand influence [2]. Financial Forecasts - The company is projected to achieve revenues of 1.923 billion yuan in 2024, with a growth rate of 6.1% [4]. - Net profit attributable to shareholders is expected to be 66 million yuan in 2024, reflecting a 10.4% growth [4]. - The earnings per share (EPS) is forecasted to be 0.17 yuan in 2024, with a price-to-earnings (PE) ratio of 37 [4][6].

金陵饭店股份有限公司 市值管理制度 第一章 总则 第一条 为加强金陵饭店股份有限公司（以下简称"公 司"）市值管理工作，进一步规范公司市值管理行为，切 实保护公司投资者特别是社会公众投资者的合法权益，树 立公司诚信形象，提高公司核心竞争力，实现公司价值最 大化和股东利益最大化，根据《中华人民共和国公司法》 《中华人民共和国证券法》《上海证券交易所股票上市规 则》《金陵饭店股份有限公司章程》（以下简称"《公司 章程》"）及其他法律、行政法规和规章的有关规定，结 合本公司实际情况，制定本制度。 第二条 市值管理，即上市公司通过制定合适的发展战 略、完善公司治理、改进经营管理、培育核心竞争力，可持 续地创造公司价值，以及通过资本运作工具实现公司市值与 内在价值的动态均衡。 第二章 市值管理的基本原则 第三条 市值管理的基本原则： 合规性原则：公司市值管理工作应当在严格遵守相关法 律、行政法规、规章、规范性文件、行业规范、自律规则、 公司内部规章制度的前提下开展。 整体性原则：公司遵循整体性原则，协同公司各业务体 系以系统化方式持续开展上市公司市值管理工作。 主动性原则：公司将及时关注资本市场及公司股价动 态，实时化 ...

金陵饭店股份有限公司 选聘会计师事务所管理办法 第一章 总则 第一条 为规范金陵饭店股份有限公司（以下简称"公 司"）选聘（含续聘、改聘，下同）会计师事务所的行为， 提高审计工作和财务信息质量，切实维护股东利益，根据 《中华人民共和国公司法》《中华人民共和国证券法》 《国有企业、上市公司选聘会计师事务所管理办法》等法 律法规、规范性文件以及《金陵饭店股份有限公司章程》 （以下简称"公司章程"）等相关规定，结合公司实际情况， 制定本办法。 第二条 本办法所称选聘会计师事务所，是指公司根据 相关法律法规的要求，聘任会计师事务所对财务会计报告 发表审计意见、出具审计报告的行为。 第五条 公司选聘的会计师事务所应当具备下列条件： （一）具有独立的法人资格，具备国家行业主管部门 和中国证监会规定的开展证券期货相关业务所需的执业资 格和条件； （二）具有固定的工作场所、健全的组织机构和完善 的内部管理和控制制度； （三）具有完成审计任务和确保审计质量的注册会计 师及相关专业团队，且负责公司财务报表审计工作及签署 公司审计报告的注册会计师，近三年未因违法执业受到注 册会计师监管机构的行政处罚； （四）熟悉国家有关财务会计方 ...

证券代码：601007 证券简称：金陵饭店 公告编号：临 2024-026 号 金陵饭店股份有限公司 第八届董事会第二次会议决议公告 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"）第八届董事会第二次会议于2024 年8月28日以通讯方式召开。会议应出席董事10名，实际出席董事10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， 会议通过了以下议案： 一、审议通过了《金陵饭店股份有限公司2024年半年度报告及摘要》。 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露的《金陵 饭店股份有限公司市值管理制度》。 四、审议通过《关于制定<公司选聘会计师事务所管理办法>的议案》。 表决结果：同意10票，反对0票，弃权0票。 本议案已经公司第八届董事会审计委员会第二次会议审议通过。具体内容详 见公司在上海证券交易所网站（www.sse.com.cn）披露的《金陵饭店股份有限公 司2024年半年度报告》及摘要。 二、审议通过了《公司关 ...

证券代码：601007 证券简称：金陵饭店 公告编号：2024-025 号 金陵饭店股份有限公司 2023 年年度权益分派实施公告 每股分配比例 A 股每股现金红利 0.12 元 相关日期 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。 | | | | | 日 | | --- | --- | --- | --- | --- | | 股份类别 Ａ股 | 股权登记日 2024/7/9 | 最后交易日 － | 除权（息）日 2024/7/10 | 现金红利发放 2024/7/10 | 重要内容提示： 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 24 日的 2023 年年度股东大会审议通 过。 1. 实施办法 （1）公司所有股东为无限售条件流通股股东。除公司自行发放对象外，其他 无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登 记日上海证券交易所收市后登记在册并在上海证券交易所各会员办理了指定交易 的股东派发。已办理指定交易的投资者可于红利发放日在其 ...