SSAW Hotels(301073)

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海外周报:三家外卖平台被约谈,小商品城六区招标价格创新高-20250720
HUAXI Securities· 2025-07-20 11:39
[Table_Summary] 核心结论: 证券研究报告|投资策略周报 [Table_Date] 2025 年 07 月 20 日 [Table_Title] 三家外卖平台被约谈,小商品城六区招标价格创新高 [Table_Title2] 海外周报 ► 三家外卖平台被约谈,鼓励构建消费者、商家、 外卖骑手和平台企业多方共赢的良好生态 事件:7 月 18 日,市场监管总局约谈饿了么、美团、京东 三家平台企业,要求相关平台企业严格遵守《中华人民共 和国电子商务法》《中华人民共和国反不正当竞争法》 《中华人民共和国食品安全法》等法律法规规定,严格落 实主体责任,进一步规范促销行为,理性参与竞争,共同 构建消费者、商家、外卖骑手和平台企业等多方共赢的良 好生态,促进餐饮服务行业规范健康持续发展。 平台优惠力度和订单数量均有减少。7 月 5 日起,美团、 淘宝闪购等平台开启新一轮外卖大战。据美团数据显示, 7 月 12日 23时36分,美团即时零售日订单量超过1.5亿。 其中,拼好饭单量超过 3500 万,神抢手单量超过 5000 万。据海峡都市报,与网友于 7月12 日发布"20 单单外卖 中 17 单实现'0 元购' ...
“外卖大战”重启各平台订单量创新高,暑期出入境旅游、新疆自驾游表现亮眼
HUAXI Securities· 2025-07-14 08:49
Group 1 - The "takeaway war" has restarted, leading to a new peak in order volume, with Meituan reporting 150 million instant retail orders, and rider income increasing by 111% during weekends [1][9][11] - The competition among platforms like Meituan, JD, and Taobao has resulted in historical highs in order volumes, indicating a significant increase in consumer spending driven by subsidies [1][9][10] - The competition is seen as a catalyst for long-term benefits, provided that regulatory measures are in place to prevent malicious competition and ensure fair practices [1][13] Group 2 - The outbound tourism market is experiencing a strong recovery, with average prices for outbound travel products decreasing by approximately 5% compared to last year, and significant increases in bookings for overseas train tickets and hotel packages [2][15] - The inbound tourism sector is also seeing growth, with over 640,000 people entering through Beijing ports in the first ten days of July, marking a 22.1% year-on-year increase in foreign visitors [2][14] - Popular destinations for outbound travel include Europe, with a 76% increase in travelers to Europe, particularly to Northern Europe and the UK [2][17] Group 3 - The summer economy is thriving, with long-distance travel accounting for over 60% of tourism, and domestic flight bookings exceeding 25.61 million during the summer travel period [3][21] - The railway sector anticipates sending 953 million passengers during the summer, reflecting a 5.8% year-on-year increase, with additional tourist trains being introduced to meet demand [3][21] - The self-driving tourism in Xinjiang is booming, supported by improved transportation infrastructure, with over 30,000 vehicles using the newly opened Ahe Highway [4][19] Group 4 - The report highlights the emergence of new consumption patterns, particularly in the food and beverage sector, with a notable increase in night-time dining and the popularity of takeaway services [38][39] - The travel and hospitality sectors are adapting to changing consumer preferences, with platforms like Tujia launching long-term rental services to cater to the growing demand for travel stays [48][49] - The hotel industry is expanding, with new openings such as the Marriott Hotel in Changsha, which aims to enhance local tourism experiences [51]
ESG AA评级领跑行业 君亭酒店以精益管理价值沉淀筑就高质量发展新征程
Quan Jing Wang· 2025-07-03 06:24
Core Viewpoint - Junting Hotel has achieved an AA ESG rating, ranking first among 144 companies in the hotel, restaurant, and leisure industry, significantly improving from a BBB rating in June 2024, showcasing its strong performance in green operations, social responsibility, and governance [1] Group 1: ESG Performance - Junting Hotel's ESG scores are 8.36 for environment, 6.40 for social, and 8.96 for governance, all significantly above the industry averages of 1.95, 3.87, and 5.12 respectively [1] - Huazheng Index upgraded Junting Hotel's ESG rating from BBB to A, marking it as the top-rated company in the hotel industry [1] Group 2: Strategic Partnerships - Junting Hotel has established a comprehensive franchise and distribution partnership with Choice Hotels International, gaining exclusive rights to the Comfort and Quality hotel brands in mainland China [2] - The first batch of 68 hotels under Junting has integrated into Choice Hotels' global distribution system, enhancing its brand's sustainable development through international resources [2] Group 3: Market Trends - The domestic hotel market is projected to reach 1.78 trillion yuan in 2024, a 23.8% increase from 2019, with a shift in industry growth logic from incremental competition to value extraction from existing assets [3] - The number of green hotel certifications is expected to surge by 210% in 2024, driven by "dual carbon" goals, with leading ESG performers enjoying a valuation premium of 22% [3] Group 4: Operational Innovations - Junting Hotel is implementing a "full-chain low-carbon ecosystem" strategy in 2024, focusing on energy-efficient systems and smart technologies to reduce reliance on fossil fuels [5] - The hotel is enhancing its digital transformation through a smart living operation platform, integrating IoT and cloud systems for improved operational efficiency [6] Group 5: Cultural Integration - Junting Hotel is developing intangible cultural heritage-themed hotels, merging local and ethnic cultures to create unique experiential offerings for guests [8] - The company has integrated 16 cultural heritage projects into its services and design, enhancing cultural value and commercial benefits [8] Group 6: Industry Positioning - Junting Hotel is expanding into the franchise market with the establishment of Junxing Hotel Management (Shenzhen) Co., Ltd., targeting major urban clusters in China [10] - The company has formed strategic partnerships with Hilton Group and Jianfa Tourism to enhance brand competitiveness and expand market reach [11][12]
出行链行业专题:需求韧性生长,渠道与品牌加速迭代
Guoxin Securities· 2025-07-01 01:40
Investment Rating - The report maintains an "Outperform" rating for the travel chain industry [1][5][7]. Core Insights - The demand for service consumption shows resilience, with different opportunities corresponding to various urban depths and generational segments in China [1][61]. - The online travel agency (OTA) sector benefits from the recovery in tourism and upstream expansion, with leading companies maintaining stable profit margins [2][62]. - The hotel industry faces a supply-demand imbalance, with leading players actively seeking to expand their market share through refined operations and high-quality growth [3][63]. Demand Trends - Service consumption is experiencing robust growth, with a notable increase in consumer confidence and spending [14][18]. - The tourism sector is expected to maintain strong demand, particularly during the summer season, with a significant increase in travel intentions [35][54]. - Different generational groups exhibit varying consumption patterns, with younger consumers prioritizing experiences and social connections [25][40]. Platform Dynamics - The ecological value of platforms is becoming increasingly prominent, with competition intensifying as new players enter the market [2][62]. - Leading platforms are leveraging their ecosystem to enhance supplier relationships and drive revenue growth through innovative product offerings [64][65]. - The competitive landscape remains stable, with established players maintaining their market positions despite new entrants [67][69]. Hotel Industry Insights - The hotel supply is expanding, with a projected growth rate of 5-10% in 2025, while the RevPAR (Revenue Per Available Room) is showing signs of recovery [3][63]. - High-end and mid-range hotels are focusing on brand differentiation and operational efficiency to capture market share [3][64]. - The trend towards chain hotels is expected to continue, particularly in lower-tier cities where expansion opportunities are significant [3][63]. Investment Recommendations - Short-term demand for travel is anticipated to remain strong, with specific recommendations for companies such as Ctrip Group, Meituan, and Atour [4][7]. - The report suggests that companies with efficient operational models and strong brand recognition are likely to outperform in the medium term [4][7].
又一个泡沫破了!旅游,正成为2025年最难做的生意
商业洞察· 2025-06-30 09:06
Core Viewpoint - The tourism industry, once expected to thrive, is now facing significant challenges, highlighted by the bankruptcy of Qinghai Tourism Investment Group and the struggles of various tourism companies despite an increase in domestic travel and spending [2][3][4][8]. Group 1: Industry Challenges - Qinghai Tourism Investment Group and its subsidiaries have filed for bankruptcy, shocking the tourism sector [3]. - The company, which aimed for significant growth and public listing, mismanaged its resources, leading to a loss of 4.8 billion in registered capital [4]. - 44 listed companies in the tourism sector reported their Q1 earnings, with 25 experiencing negative revenue growth, accounting for 56.8% of the total [4]. Group 2: Financial Performance - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported substantial losses in Q1, with losses of 747 million, 995 million, and 2.044 billion respectively [7]. - Despite a 26.4% increase in domestic travel and an 18.6% rise in spending, the tourism industry is struggling financially [8][9]. Group 3: Market Dynamics - The tourism market is saturated, with an increase in A-level scenic spots and travel agencies, yet average income has dropped by nearly 40% [31]. - Online travel platforms like Ctrip and Tongcheng are thriving, with Ctrip reporting a net profit of approximately 4.3 billion in Q1, showcasing the "shovel effect" where service providers profit while actual tourism businesses struggle [28][30]. Group 4: Shifts in Consumer Behavior - The tourism industry is transitioning to a 2.0 era, where experiential value is prioritized over mere scarcity of resources [46][50]. - Successful attractions like Jiuhua Mountain and Disney have capitalized on immersive experiences, contrasting with traditional scenic spots that fail to adapt [39][41]. Group 5: Future Outlook - Many tourism platforms are likely to face severe financial difficulties or bankruptcy if they cannot adapt to the changing market dynamics and consumer preferences [55][56]. - The current environment suggests a need for a significant restructuring within the tourism sector to eliminate ineffective players and allow successful entities to thrive [58][59].
旅游及酒店板块拉升,天目湖涨停
news flash· 2025-06-26 05:24
Group 1 - The tourism and hotel sector experienced a significant rally, with Tianmu Lake (603136) hitting the daily limit up [1] - Nanjing Commercial Travel (600250) saw an increase of over 6% [1] - Other notable gainers included Junting Hotel (301073), Huangshan Tourism (600054), and Qujiang Cultural Tourism (600706), which had prominent increases [1]
君亭酒店(301073):加盟扩张+国际酒店合作,强组合拳打破传统成长框架
HUAXI Securities· 2025-06-20 03:56
[Table_Date] 2025 年 06 月 20 日 [Table_Title] 加盟扩张+国际酒店合作,强组合拳打破传统成长框架 证券研究报告|公司深度研究报告 [Table_Title2] 君亭酒店(301073.SZ)深度报告 [Table_Summary] ► 君亭酒店:中高端酒店运营管理方向佼佼者,依 托强运营能力打造商务/度假业务矩阵。 [Table_Author] 分析师:刘文正 邮箱:liuwz1@hx168.com.cn SAC NO:S1120524120007 联系电话: 分析师:邓奕辰 邮箱:dengyc@hx168.com.cn SAC NO:S1120525020001 联系电话: 君亭酒店是国内中高端酒店运营管理方向上的佼佼者,以 "一店一品"及东方文化特色为基底打造酒店项目,21 年 自创业板上市,22 年通过募集资金分别收购君澜/景澜的 79%/70%股权,当前旗下拥有君亭/君澜/景澜三大品牌。 ► 国际巨头合作:打开入境游渠道补充商旅需求弱 项,合作门店扩张有望带来新增长曲线。 君亭酒店于 24 年 11 月与希尔顿签署合作意向书,25 年 5 月 与精选国际签订合作 ...
君亭酒店: 2024年年度权益分派实施公告
Zheng Quan Zhi Xing· 2025-06-06 10:15
Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of 1.5 RMB per 10 shares for all shareholders, subject to adjustments based on changes in total share capital [1][2]. Summary by Sections Profit Distribution Plan - The profit distribution plan was approved at the shareholders' meeting held on May 22, 2025, with a total share capital of 194,451,046 shares as the basis for the distribution [1]. - A cash dividend of 1.5 RMB (including tax) will be distributed for every 10 shares held, with adjustments made if the total share capital changes before the distribution [1]. Dividend Payment Details - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of June 12, 2025 [2]. - The ex-dividend date is set for June 13, 2025 [1][2]. Taxation Information - Different tax rates apply for various categories of shareholders, including a 10% tax for Hong Kong investors holding fund shares and differentiated rates for mainland investors [1]. - The company will not withhold individual income tax at the time of distribution; instead, it will be calculated based on the holding period when shares are sold [1]. Additional Information - The company has provided contact details for inquiries regarding the dividend distribution, including phone numbers and a physical address [3].
君亭酒店(301073) - 2024年年度权益分派实施公告
2025-06-06 09:46
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 ...
君亭酒店事件点评:与精选国际达成战略合作,借势国际品牌赋能长期发展
Xinda Securities· 2025-06-03 08:23
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].