华天酒店集团股份有限公司 2014 年第三季度报告正文 证券代码：000428 证券简称：华天酒店 公告编号：2014-086 华天酒店集团股份有限公司 2014 年第三季度报告正文 1 华天酒店集团股份有限公司 2014 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈纪明、主管会计工作负责人夏建春及会计机构负责人(会计主管人员)石笑峰声明：保证 季度报告中财务报表的真实、准确、完整。 2 华天酒店集团股份有限公司 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 8,970,674,310.53 | 8,040,444,507.1 ...

Financial Performance - The company's operating revenue for the first half of 2014 was ¥761,052,630.38, a decrease of 15.86% compared to ¥904,454,536.08 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥40,434,681.08, representing a decline of 164.59% from ¥62,601,948.35 in the previous year[20]. - The net cash flow from operating activities was ¥203,865,218.38, down 59.89% from ¥508,249,933.07 in the same period last year[20]. - The basic earnings per share were -¥0.06, a decrease of 168.97% compared to ¥0.087 in the same period last year[20]. - The diluted earnings per share were also -¥0.06, reflecting the same percentage decline as the basic earnings per share[20]. - The weighted average return on net assets was -2.48%, down 6.46% from 3.98% in the previous year[20]. - The company reported a net profit loss of CNY 3,481,369.24 for its subsidiary, Hunan Huatian International Hotel Management Co., Ltd.[49]. - The company reported a net profit of approximately 303 million CNY, reflecting a decrease of 226,877 CNY compared to the same period last year[50]. - The overall performance in the tourism hotel sector showed a revenue of 416.20 million CNY, with a profit of 20.76 million CNY, highlighting growth in this area[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,707,779,278.92, an increase of 8.30% from ¥8,040,444,507.12 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 3.18% to ¥1,601,456,353.63 from ¥1,654,122,776.71 at the end of the previous year[20]. - The asset-liability ratio stood at 78.59%[27]. - The company's total liabilities amounted to CNY 6,843,557,022.77, compared to CNY 6,140,406,268.47 at the beginning of the period, marking an increase of about 11.46%[120]. - The company's equity attributable to shareholders decreased to CNY 1,601,456,353.63 from CNY 1,654,122,776.71, a decline of approximately 3.19%[120]. Revenue Segments - The hotel segment generated revenue of CNY 493.38 million, down 23.25% from CNY 642.86 million year-on-year, primarily due to ongoing policy restrictions affecting high-end hotel consumption[27]. - The real estate segment achieved revenue of CNY 248.13 million, mainly from the sales of the first phase of the Zhangjiajie Huatian City project, which had no revenue in the same period last year[27]. - The real estate development segment reported revenues of 978.99 million CNY, with a profit of 6.79 million CNY, indicating strong performance in property management[51]. Investment and Expansion Plans - The company plans to build a cultural performance center in Zhangjiajie and aims to acquire Huatian International Travel and Huatian Property to enhance resource integration[26]. - The company is exploring acquisitions in the internet industry to expand its business scope, although no agreements were reached during the reporting period[26]. - The company plans to expand its market presence by investing 1 billion CNY in new hotel projects and enhancing its service capabilities[51]. - The company is exploring mergers and acquisitions to enhance its market position, with a target of 500 million CNY in potential deals[52]. - The total planned investment for the Huaitang Huatian City project is CNY 400 million, with CNY 5.92 million invested in the reporting period and a cumulative investment of CNY 194.54 million, achieving 85% project progress and generating revenue of CNY 21.79 million during the reporting period[54]. Corporate Governance and Compliance - The company maintains compliance with corporate governance requirements as per the Company Law and relevant regulations[64]. - The company has not engaged in any financial enterprise equity holdings, securities investments, entrusted financial management, or derivative investments during the reporting period[41][42][43][44]. - The company has not experienced any media scrutiny during the reporting period[68]. - There have been no bankruptcy reorganization matters during the reporting period[70]. Shareholder Information - The largest shareholder, Huatian Industrial Holding Group Co., Ltd., holds 46.03% of the shares, amounting to 330,908,920 shares, with some shares pledged and frozen[106]. - The total number of common stock shareholders at the end of the reporting period was 45,688[104]. - The company plans to issue up to 15 million A-shares to no more than 10 specific investors, with a total fundraising amount not exceeding RMB 600 million[99]. Financial Reporting and Auditing - The financial report for the half-year has not been audited[97]. - The financial report for the first half of 2014 was not audited, which may affect the reliability of the financial data presented[116]. Cash Flow and Financing Activities - The company's financing activities generated a cash inflow of CNY 693.84 million, a significant increase of 209.87% compared to CNY 223.92 million in the previous year[31]. - Total cash inflow from financing activities reached CNY 1,939,075,925.00, an increase of 50% from CNY 1,293,080,000.00 in the prior period[133]. - The net cash flow from investing activities was CNY -660,134,506.51, reflecting a decrease of 15% compared to CNY -777,967,801.35 in the previous period[133]. Legal Matters - The company is involved in a lawsuit with an amount of 26,400,000 yuan, which has not formed an estimated liability[65]. - The company has filed a compensation lawsuit against Wang Xuehua, seeking damages for losses caused by the abuse of litigation rights[66]. - Wang Xuehua's appeal regarding jurisdiction has been rejected, and the case is currently under review by the Hunan Provincial High People's Court[66].

Financial Performance - Revenue for Q1 2014 was CNY 434.28 million, a decrease of 3.09% compared to CNY 448.13 million in the same period last year[8]. - Net profit attributable to shareholders was a loss of CNY 38.11 million, representing a decline of 267.13% from a profit of CNY 22.80 million year-on-year[8]. - Basic and diluted earnings per share were both CNY -0.05, a decrease of 266.67% from CNY 0.03 in the same period last year[8]. - Operating profit decreased by 187.34% to a loss of RMB 29,853,751.79, impacted by ongoing policy effects on the high-end hotel and catering industry[15]. - Net profit fell by 232.02% to a loss of RMB 31,763,624.60, reflecting similar challenges as operating profit[15]. - The company expects a cumulative net profit loss in the range of -5,000 to -3,500 thousand yuan, representing a decline of approximately 179.87% to 155.91% compared to the same period last year[23]. - Basic earnings per share are projected to be between -0.07 and -0.049 yuan, reflecting a decrease of about 179.87% to 155.91% year-over-year[23]. - The decline in performance is attributed to ongoing policy impacts on the hotel sector, leading to decreased revenue in high-end hotel dining services[23]. - The real estate sector has contributed minimally to profits, and the asset operation business has not generated any profit[23]. Cash Flow and Assets - Net cash flow from operating activities increased by 22.16% to CNY 176.75 million, up from CNY 144.69 million in the previous year[8]. - Total assets at the end of the reporting period were CNY 8.20 billion, an increase of 1.93% from CNY 8.04 billion at the end of the previous year[8]. - Net assets attributable to shareholders decreased by 2.3% to CNY 1.62 billion from CNY 1.65 billion at the end of the previous year[8]. - Cash received from sales of goods and services decreased by 31.18% to RMB 310,006,787.10, attributed to reduced income from asset operations and hotel services[16]. - Cash outflow from financing activities increased by 47.47% to RMB 1,053,609,084.91, primarily due to increased debt repayments[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,673[11]. - The largest shareholder, Huatian Industrial Holding Group, held 46.03% of the shares, totaling 330,908,920 shares[11]. - The company reported a 405.12% increase in minority shareholders' profit to RMB 6,346,450.34, mainly from profit growth in real estate sales by subsidiaries[16]. Non-Recurring Items and Other Financial Details - The company reported non-recurring losses totaling CNY 295,165.40 during the reporting period[9]. - Prepayments increased by 60.22% to RMB 407,784,894.14, mainly due to advances for land and project payments by subsidiaries[15]. - Other receivables rose by 49.35% to RMB 160,193,964.43, primarily from increased receivables from subsidiaries like Zhangjiajie Huatian Real Estate[15]. - Deferred tax assets increased by 50.36% to RMB 30,005,316.57, mainly due to losses in the hotel sector leading to the recognition of deferred tax assets[15]. - There were no significant changes in accounting policies or restatements of previous financial data[8]. Legal and Capital Activities - The company has actively responded to litigation regarding debt restructuring, asserting that it has fulfilled its debt obligations[19]. - The company completed a capital increase for Beijing Haobo, which is involved in ongoing litigation from before the capital increase[20].

Financial Performance - The company's operating revenue for 2013 was CNY 1,780,991,430.26, representing an increase of 8.26% compared to CNY 1,645,126,913.59 in 2012[21] - The net profit attributable to shareholders for 2013 was CNY 119,257,630.63, which is a 16.81% increase from CNY 102,091,234.68 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 116,725,868.39, showing a significant increase of 127.48% from CNY 51,312,028.65 in 2012[21] - The total assets at the end of 2013 were CNY 8,040,444,507.12, reflecting a growth of 19.79% from CNY 6,711,992,900.81 in 2012[21] - The net assets attributable to shareholders increased by 6.28% to CNY 1,654,122,776.71 from CNY 1,556,432,926.08 in the previous year[21] - The basic earnings per share for 2013 was CNY 0.17, up 21.43% from CNY 0.14 in 2012[21] - The weighted average return on equity for 2013 was 7.44%, an increase from 6.56% in 2012[21] Revenue Breakdown - The hotel segment generated revenue of CNY 1,266,857,805.94, a decrease of 15.62% from CNY 1,501,303,608.55 in the previous year, primarily due to government policy impacts[32] - The manufacturing segment's revenue fell by 63.50% to CNY 16,444,871.79 from CNY 45,059,829.05, attributed to a halt in production for technical upgrades[32] - Real estate revenue dropped by 84.62% to CNY 12,984,144.00 from CNY 84,403,325.86, influenced by the completion of previous projects and ongoing new developments[32] - The newly added asset operation business generated revenue of CNY 477,841,870.00, contributing to the overall revenue growth[35] Cash Flow and Expenses - The net cash flow from operating activities decreased by 46.77% to CNY 214,158,490.80 from CNY 402,321,315.22 in 2012[21] - Operating costs for 2013 were CNY 646,022,020.26, a decrease of 2.55% from the previous year[33] - Management expenses increased by 7.64% to CNY 667,433,896.52, mainly due to higher rental and depreciation costs[33] Investment and Expansion Plans - The company plans to expand its hotel asset management operations, including acquisitions and investments in hotel assets[18] - The company invested CNY 1,142.4 million to acquire a 43.4% stake in Beijing Haobo Jiyie Real Estate Development Co., Ltd., which is progressing steadily[34] - The company added 7 new managed hotels during the year, expanding its brand presence in the Yangtze River Delta region[31] Dividend Policy - The board of directors proposed a cash dividend of CNY 0.17 per 10 shares to shareholders[4] - The proposed cash dividend for 2013 is CNY 0.17 per 10 shares, totaling CNY 12,221,742.00, which represents 10.25% of the net profit attributable to shareholders[96] - The cash dividend policy stipulates that at least 30% of the average distributable profit over three years should be distributed in cash, provided that the company’s profitability and cash flow allow for it[93] Corporate Governance and Management - The company has established a comprehensive safety production management system and human resources management policies to ensure operational efficiency and compliance with regulations[99] - The company has engaged in multiple investor communications regarding its strategic development and asset operations throughout the reporting period[100] - The company has a commitment to pay CNY 40 million for internal control audit fees to Tianjian Accounting Firm[135] Legal and Compliance Issues - The company has been involved in litigation regarding the repayment of 26,400,000 yuan, with a monthly interest rate of 19.8‰ applicable until the debt is fully settled[105] - The company has taken measures to address litigation issues, with ongoing cases being processed by the courts as of the report date[106] - The company has no significant media controversies reported during the period[107] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,965, an increase from 36,673 five trading days prior[148] - The largest shareholder, Huaten Industrial Holding Group, holds 46.03% of the shares, with 35,379,950 shares pledged[148] - The controlling shareholder of Huatian Hotel Group is Huatian Industrial Holding Group Co., Ltd., with a registered capital of RMB 500 million[150] Future Outlook - The company’s revenue target for 2014 is set at 2.4 billion yuan, with a net profit target of 135 million yuan[86] - The company plans to build 2-3 new hotels or commercial tourism complexes and manage 7 new hotels in 2014[86] - The company aims to enhance its brand management and expand the "Huatian City" brand through a "Huatian brand + entrusted cooperation development" model[84]