本公司 2024 年年度权益分派方案为：以公司现有总股本 194,451,046 股为基 数，向全体股东每 10 股派 1.500000 元人民币现金（含税；扣税后，通过深股通 持有股份的香港市场投资者（特别说明：请上市公司根据自身是否属于深股通标 的证券，确定权益分派实施公告保留或删除该类投资者）、境外机构（含 QFII、 RQFII）以及持有首发前限售股的个人和证券投资基金每 10 股派 1.350000 元； 持有首发后限售股、股权激励限售股及无限售流通股的个人股息红利税实行差别 化税率征收，本公司暂不扣缴个人所得税，待个人转让股票时，根据其持股期限 计算应纳税额【注】；持有首发后限售股、股权激励限售股及无限售流通股的证 券投资基金所涉红利税，对香港投资者持有基金份额部分按 10%征收，对内地投 资者持有基金份额部分实行差别化税率征收）， 证券代码：301073 证券简称：君亭酒店 公告编号：2025-017 君亭酒店集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 君亭酒店集团股份有限公司（以下简称"公司"）2024 年年度权益分派方案 ...

证券代码：301073 证券简称：君亭酒店 公告编号：2025-017 3、本次实施的分配方案与股东大会审议通过的分配方案及其调整原则一致。 1、2025 年 5 月 22 日，公司 2024 年年度股东大会审议通过了《关于公司 2024 年度利润分配预案的议案》，具体方案如下：以公司现有总股本 194,451,046 股 为基数，向全体股东按每 10 股派发现金股利 1.5 元（含税），共分配现金股利 29,167,656.9 元（含税），本年度不送红股，不以资本公积金转增股本。在利润 分配方案实施前，公司总股本如发生变化，将按照分配总额不变的原则对分配比 例进行相应调整。 2、自分配方案披露至实施期间，公司股本总额未发生变化。 君亭酒店集团股份有限公司（以下简称"公司"）2024 年年度权益分派方案 已获 2025 年 5 月 22 日召开的 2024 年年度股东大会审议通过，现将权益分派事 宜公告如下： 一、股东大会审议通过利润分配方案情况 君亭酒店集团股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 4、本 ...

Investment Rating - The investment rating for Junting Hotel is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's strategic partnership and growth potential [1]. Core Insights - Junting Hotel Group has entered a strategic partnership with Choice Hotels International, acquiring exclusive brand usage and franchise rights for the Comfort and Quality hotel brands in mainland China [1][2]. - The partnership allows Junting to leverage Choice Hotels' global distribution channels, enhancing its marketing and sales capabilities while expanding its brand portfolio [2]. - The company is transitioning to a light-asset rapid expansion model, focusing on the mid-to-high-end hotel market, which is expected to drive growth and improve operational efficiency [2]. - The report highlights the increasing demand for inbound tourism in China, with significant growth in hotel searches and bookings, positioning Junting to attract international guests through the partnership [3]. - Profit forecasts indicate a steady increase in net profit for the years 2024 to 2026, with projected figures of 70 million, 99 million, and 151 million yuan respectively, reflecting a positive growth trajectory [3]. Summary by Sections Strategic Partnership - Junting Hotel has secured exclusive rights to operate Comfort and Quality brands in China, which are well-established globally with over 2,100 and 2,000 operating hotels respectively [2]. - The partnership is expected to enhance Junting's competitive position in the mid-to-high-end hotel market against leading international brands [2]. Market Expansion - The report notes a surge in inbound tourism, with a 130% year-on-year increase in orders during the May Day holiday, indicating a strong recovery and interest in travel to China [3]. - Junting's collaboration with Choice Hotels is anticipated to create a member cooperation mechanism, enhancing access to international customer bases [3]. Financial Projections - The projected net profits for Junting Hotel from 2024 to 2026 are 70 million, 99 million, and 151 million yuan, with corresponding price-to-earnings ratios of 59, 42, and 27 times [3]. - The company is evolving from a traditional hotel group to an asset management group, aiming to lead industry innovation and transformation [3].

Investment Rating - The investment rating for Junting Hotel is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's strategic partnership and growth potential [1]. Core Viewpoints - Junting Hotel Group has entered a strategic partnership with Choice Hotels International, acquiring exclusive brand usage and franchise rights for the Comfort and Quality hotel brands in mainland China. This partnership allows Junting to leverage Choice's global distribution channels and marketing services [1][2]. - The Comfort brand has over 2,100 operating hotels and more than 170,000 rooms globally, while the Quality brand has over 2,000 operating hotels and more than 160,000 rooms. These brands are expected to compete effectively in the mid-to-high-end hotel market in China [2]. - The company is transitioning to a light-asset rapid expansion model, focusing on the mid-to-high-end hotel market through a joint venture, Junxing Hotel Management, which will initiate a franchise model [2]. - The strategic partnership is anticipated to enhance international customer acquisition, especially with the increasing popularity of inbound tourism in China, supported by favorable policies and a growing number of international travelers [3]. - Profit forecasts indicate that the net profit attributable to the parent company for 2024, 2025, and 2026 is expected to be 70 million, 99 million, and 151 million respectively, with corresponding price-to-earnings ratios of 59, 42, and 27 times [3]. Summary by Sections Strategic Partnership - Junting Hotel has secured exclusive rights for the Comfort and Quality brands in China, enhancing its market position and operational capabilities [1][2]. Market Position and Brand Strength - The Comfort and Quality brands are well-established globally, with significant numbers of operating hotels and rooms, positioning Junting to compete in the mid-to-high-end market [2]. Business Model Transition - The company is shifting towards a light-asset model and expanding through franchising, which is expected to accelerate growth and improve operational efficiency [2]. Inbound Tourism Potential - The strategic partnership is expected to capitalize on the rising trend of inbound tourism, with initiatives to attract international customers through membership collaboration [3]. Financial Projections - The financial outlook shows a steady increase in net profit over the next three years, indicating strong growth potential for the company [3].

Core Viewpoint - The partnership between Junting Hotels and Choice Hotels marks a significant shift for Junting as it moves away from its "small and beautiful" image towards a light-asset and scalable development model [1][2] Group 1: Partnership Details - Junting Hotels has entered into a long-term exclusive franchise agreement with Choice Hotels for the brands COMFORT™ and QUALITY™ in mainland China, lasting until 2045 [1] - Choice Hotels, despite having 7,500 hotels and approximately 650,000 rooms globally, has a limited presence in China, with its first hotel opening in 2002 [1][2] Group 2: Market Context - Major international hotel groups like InterContinental, Marriott, and Hilton have already established a strong presence in China, with over 500 new hotels opening in 2024 alone, totaling more than 4,500 hotels [2] - Wyndham Hotels, another franchise giant, has over 1,600 locations in China, highlighting the competitive landscape [2] Group 3: Strategic Implications - The collaboration allows Junting to overcome its expansion limitations while providing Choice Hotels with local market expertise to mitigate risks [2][3] - The partnership is seen as a "resource exchange," where Junting can leverage Choice Hotels' global network to transition from a regional brand to an international player [2] Group 4: Challenges Ahead - The partnership faces challenges due to the late entry of Choice Hotels into the Chinese market, requiring Junting to focus on localized operations to compete with established local brands [3] - Junting is under pressure to meet specific targets for opening and operating a designated number of hotels, with potential penalties for failing to do so [3] Group 5: Lessons from Success - The success of Hilton's HUALUXE brand serves as a valuable case study for mixed brands, demonstrating the importance of aligning with local consumer needs [5]

Core Viewpoint - Junting Hotel has signed a comprehensive franchise and distribution cooperation agreement with Choice Hotels Licensing, a wholly-owned subsidiary of Choice Hotels International, granting exclusive rights to use and franchise the COMFORT and QUALITY hotel brands in mainland China until December 31, 2045 [1] Group 1 - The development period of the agreement is from the effective date of the contract until December 31, 2045 [1] - Junting Hotel will integrate its first 68 hotels into Choice's global distribution channels, including Choice's website and mobile applications [1] - The agreement allows Junting Hotel to utilize distribution services provided by Choice Hotels [1]

证券代码：301073 证券简称：君亭酒店 公告编号：2025-016 君亭酒店集团股份有限公司 关于与 Choice Hotels Licensing B.V. 签订总特许经营及分销相关合作协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、君亭酒店集团股份有限公司（以下简称"公司"或"君亭酒店"）与精 选国际酒店集团（英文名：CHOICE HOTELS INTERNATIONAL, INC.，纽约证 券交易所代码：CHH，以下简称"精选国际"）全资子公司 Choice Hotels Licensing, B.V.（以下简称"Choice"）签署了总特许经营及分销相关合作协议，公司取得 Choice 旗下的 COMFORT（凯富）和 QUALITY（凯艺）两大酒店品牌系列在中 国大陆地区的独占品牌使用和特许经营权。另君亭旗下首批 68 家酒店接入 Choice 的全球分销渠道，包括 Choice 的网站及移动应用程序，并接受 Choice 提 供的分销服务（包括销售、营销、分销和预订服务和权利）。 2、协议的重大风险及重大不确定性：如 ...

Investment Rating - The report assigns a "Buy" investment rating for Junting Hotel (301073.SZ) [1][9] Core Views - The company is experiencing operational pressure during its ramp-up phase, with regional performance showing continued divergence [2] - The focus is on the progress of direct-operated stores and the acceleration of franchise expansion [3] - Profitability is expected to improve as the direct-operated business ramps up and the franchise model operates with lower asset intensity [4] Summary by Sections Financial Performance - In 2024, total revenue reached 676 million yuan, a year-on-year increase of 27%, while net profit attributable to shareholders was 25 million yuan, a decrease of 17% [1] - For Q1 2025, total revenue was 162 million yuan, a slight increase of 1%, but net profit dropped by 39% to 3 million yuan [1] Operational Metrics - In 2024, the company's occupancy rate (OCC), average daily rate (ADR), and revenue per available room (RevPAR) decreased by 4 percentage points, 1%, and 7% respectively [2] - For Q1 2025, OCC, ADR, and RevPAR further declined to 56.51%, 471.8 yuan, and 266.6 yuan, reflecting a more significant drop due to various economic pressures [2] Expansion Strategy - The company has invested in 11 new direct-operated hotels, with 10 already opened, and is focusing on the ramp-up speed and stable profitability of these new openings [3] - A joint venture, Junxing Hotel Management, was established in December 2024, and the franchise model is set to launch in 2025, covering major urban clusters [3] Profit Forecast - The company is projected to achieve earnings per share (EPS) of 0.38 yuan in 2025, with a corresponding price-to-earnings (P/E) ratio of 55 times [4][11] - Revenue is expected to grow from 777 million yuan in 2025 to 1,004 million yuan in 2027, with net profit forecasted to increase significantly in the coming years [11][12]

证券代码：301073 证券简称：君亭酒店 公告编号：2025-015 君亭酒店集团股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 一、 会议召开和出席情况 1、 召开时间：2025 年 5 月 22 日（星期四）14:30 6、 本次会议的召集、召开符合《中华人民共和国公司法》、《上市公司股东 会规则》、《深圳证券交易所创业板股票上市规则》等有关法律、行政法规、部门 规章、规范性文件和《君亭酒店集团股份有限公司章程》的有关规定。 二、 会议出席情况 （一）股东出席的总体情况 参加本次股东大会现场会议和网络投票表决的股东及股东代理人共 108 人， 代表股份 86,621,650 股，占上市公司总股份的 44.5468%。其中：通过现场投票 的股东 4 人，代表股份 86,120,450 股，占上市公司总股份的 44.2890%。通过网 络投票的股东 104 人，代表股份 501,200 股，占上市公司总股份的 0.2578%。 （二）中小股东出席的总体情况 参加本次股东大会现场会议和网络投票表决的中小 ...

下 天册律师事务所 法律意见书 浙江天册律师事务所 关于君亭酒店集团股份有限公司 2024 年年度股东大会的 法律意见书 编号:TCFGZY2025H0014 号 致:君亭酒店集团股份有限公司 浙江天册律师事务所(以下简称"本所")接受君亭酒店集团股份有限公司 (以下简称"君亭酒店"或"公司")的委托,指派本所律师参加公司 2024 年年 度股东大会,并根据《中华人民共和国证券法》(以下简称"《证券法》")、 《中华人民共和国公司法》(以下简称"《公司法》")和《上市公司股东会规 则》(以下简称"《股东会规则》")等法律、法规和其他有关规范性文件,以 及《君亭酒店集团股份有限公司章程》(以下简称"《公司章程》")的要求出具本 法律意见书。 在本法律意见书中,本所律师仅对本次股东大会召集、召开程序、出席人员 的资格、召集人的资格、表决程序及表决结果的合法有效性发表意见,不对会议 所审议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书仅供公司 2024年年度股东大会之目的使用。本所律师同意将本 法律意见书随君亭酒店本次股东大会其他信息披露资料一并公告,并依法对本所 在其中发表的法律 ...