证券代码：301073 证券简称：君亭酒店 公告编号：2025-037 关于筹划公司控制权变更进展暨复牌的公告 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（股票简称：君亭酒店，股票代码：301073） 自 2025 年 12 月 3 日（星期三）上午开市起复牌； 2、本次交易事项能否最终实施完成及实施结果尚存在不确定性。敬请广大 投资者关注后续公告并注意投资风险。 一、停牌情况概述 君亭酒店集团股份有限公司（以下简称"公司""上市公司"或者"君亭酒 店"）收到控股股东吴启元先生通知，获悉其正在筹划公司控制权变更相关事宜， 该事项可能导致公司控股股东、实际控制人发生变更。经公司向深圳证券交易所 申请，公司股票（股票简称：君亭酒店，股票代码：301073）自 2025 年 11 月 26 日（星期三）开市起停牌，预计停牌时间不超过 2 个交易日。鉴于上述事项 尚在筹划中，存在不确定性，公司预计无法在 2025 年 11 月 28 日（星期五）上 午开市起复牌。经公司向深圳证券交易所申请，公司股票（股票简称：君亭酒店， ...

君亭酒店公告，湖北文旅与吴启元、从波、施晨宁签署《股份转让协议》，湖北文旅拟通过协议转让方 式受让吴启元、从波、施晨宁直接持有的君亭酒店集团股份有限公司5831.59万无限售流通股股份（占 上市公司股份总数的29.99%），其中吴启元转让2803.56万股（占目标公司股份总数的14.42%），从波 转让2561.58万股（占目标公司股份总数的13.17%），施晨宁转让466.45万股（占目标公司股份总数的 2.40%）。每股转让价格为人民币25.71元，股份转让总价款为人民币14.99亿元。 ...

Core Viewpoint - The hotel and catering sector experienced a rise of 1.65% on December 2, with Tongqinglou leading the gains, while the overall market indices, Shanghai Composite and Shenzhen Component, saw declines of 0.42% and 0.68% respectively [1] Group 1: Market Performance - The hotel and catering sector's notable gain was primarily driven by Tongqinglou, which closed at 21.88 with a significant increase of 10.01% [1] - Other notable performers included ST Yunwang with a rise of 2.53%, and Jinjiang Hotel with an increase of 1.62% [1] - The overall trading volume for the hotel and catering sector was substantial, with Tongqinglou achieving a transaction volume of 211,800 shares and a turnover of 454 million yuan [1] Group 2: Capital Flow - The hotel and catering sector saw a net inflow of 127 million yuan from institutional investors, while retail investors experienced a net outflow of 38.81 million yuan [1] - Tongqinglou attracted the most significant institutional net inflow of 109 million yuan, accounting for 23.93% of its total trading [2] - In contrast, Jinjiang Hotel and Kylin Hotel faced net outflows from institutional investors of 983.95 thousand yuan and 441.26 thousand yuan respectively [2]

Core Viewpoint - The founder of Junting Hotel, Wu Qiyuan, is planning to transfer control of the company, indicating a potential change in ownership and strategy for the hotel chain [2][3]. Group 1: Ownership and Management Changes - Wu Qiyuan holds 33.93% of Junting Hotel's shares and is the largest shareholder. He is 81 years old and has been in the hotel industry since 1986, founding Junting Hotel in 2007 [3]. - Wu Qiyuan will step down as chairman in 2024, with the former general manager, Zhu Xiaodong, taking over [3]. - The announcement of the control change has not yet led to any signed agreements, and potential buyers have not been disclosed due to information disclosure regulations [3][5]. Group 2: Market Speculation and Potential Buyers - There is speculation that Junting Hotel may be acquired by an OTA platform, similar to the acquisition of Wanda Hotel Management by Tongcheng Travel, although sources close to Tongcheng have denied involvement [3][6]. - The likelihood of Zhejiang state-owned assets being involved in the acquisition is considered high, given their recent activities in the hotel sector [3][4]. Group 3: Financial Performance and Strategic Direction - Junting Hotel's revenue for the first three quarters of this year was 506 million yuan, a year-on-year increase of 0.58%, while net profit decreased by 45.92% to 9.9 million yuan [11]. - The hotel chain has faced challenges with its direct management model, leading to pressure on operational data. As of September, Junting Hotel had 272 operating locations, significantly fewer than its domestic competitors [12]. - The company plans to expand through franchising and partnerships with international hotel groups, but results have yet to show significant improvement [12]. Group 4: Recent Transactions and Shareholder Movements - Junting Hotel recently announced plans to acquire the remaining 21% stake in Zhejiang Junlan Hotel Management for 79.8 million yuan, which is part of a strategy to consolidate ownership [8][10]. - Several founding team members are also looking to liquidate their shares, indicating a broader trend of cashing out among the original stakeholders [7][10].

Core Insights - The report highlights three core trends in the consumer services industry: "New Recovery, New Ecology, and New Supply" [6] - Structural factors are aiding certain sectors in stabilizing and improving operations, indicating a gradual recovery from the bottom [7] - The integration of online platforms with offline operations is reshaping the industry ecosystem, enhancing competition and operational efficiency [8] Industry Overview - The consumer services sector has seen a slight revenue increase of 2.57% year-on-year, totaling 183.23 billion yuan in the first three quarters of 2025, despite a 12.7% decline in net profit [20][22] - The sector's performance has been mixed, with tourism and education sectors showing significant growth, while the hotel and restaurant sectors faced slight declines [16][19] New Recovery - The hotel industry is experiencing a rebound due to increased tourism demand and a stabilization in average daily rates (ADR), with occupancy rates showing signs of improvement [31][57] - The Macau gaming market has shown strong recovery, with gross gaming revenue (GGR) reaching 24.086 billion MOP in October 2025, driven by non-gaming attractions [32][44] - The duty-free market is benefiting from policy optimizations, with sales in Hainan reaching 2.425 billion yuan in October 2025, reflecting a 34.86% year-on-year increase [32][38] New Ecology - Major players like Alibaba, Meituan, and JD.com are competing in the instant retail space, each leveraging their strengths to enhance online and offline integration [42] - The restaurant industry is witnessing a shift towards standardized and professional supply chains, with the chain restaurant rate increasing from 15% in 2020 to 23% in 2024 [46][48] New Supply - The tourism sector is transitioning from a "sightseeing + ticket" model to one focused on content innovation and immersive experiences, with companies like Sanxia Tourism and Haichang Ocean Park leading this change [50][53] - The sports industry is evolving to combine spectator and participatory sports, creating new social engagement opportunities through digital platforms [54] Investment Recommendations - Key recommendations include focusing on leading hotel chains like Jinjiang Hotels and ShouLai Hotels, and monitoring companies with strong supply chain advantages in the restaurant sector [6][8] - The report suggests that innovative companies in tourism, sports, and education sectors, particularly those utilizing AI and content innovation, are worth attention for potential growth [8][50]

01 这七家酒店集团做了一件看似简单却极具颠覆性的事情，他们决定把自家围墙拆掉，让整整5000万会员像水流一样在七个池子里自由流动，成了能互认、 互用、实时通兑的权益池。 不要小看这件事，过去十几年，国内酒店行业像无数个独立岛屿。 每个岛屿上都有各自的会员体系、权益、等级、数据库，却从未真正连在一起。 前段时间，我在杭州一场行业峰会上遇见了浙江君亭、湖南慧友、内蒙古锦颐、河南仟那、苏州书香、景德镇陶邑和山东沃德七家区域酒店集团的高管。 时值年末，平日雄踞一方的各路诸侯齐聚西子湖畔并非偶遇，背后是一场名为八方联盟数字会员共生平台的抱团取暖行动。 乍看之下，这似乎又是一场行业内司空见惯的签约仪式，大家站在台上握手合影，发布一些宏大愿景。 但我坐在台下，看着屏幕上跳动的数字，嗅到了一丝不同往日的气息。 但天下分久必合，这场由国内大住宿业的数字生态服务商绿云与七家区域酒管集团共同发起的数字会员共生计划开始尝试牵线搭桥了。 怎么玩？很简单，如果你是一位湖南慧友的钻卡会员，平日在湖南享受着顶级的礼遇和服务，是当地最受尊贵的客人，但因公出差来到杭州，过去可能会 因为找不到熟悉的品牌，而无奈选择其他全国性连锁酒店。 但如今， ...

Core Viewpoint - The announcement from Junting Hotel on November 27 indicates that the company's stock will be suspended from trading starting November 28 for a maximum of three trading days due to the transfer of control from its 81-year-old founder, Wu Qiyuan [1][3]. Group 1: Company Background - Wu Qiyuan, the founder of Junting Hotel, is a veteran in the mid-to-high-end hotel sector, having established the brand in 2007 at the age of 63, focusing on business travelers [1][3]. - Wu holds a 33.93% stake in the company and has been instrumental in its growth, including its listing on the New Third Board in 2016 and the Shenzhen Stock Exchange in 2021 [3][4]. Group 2: Business Model and Expansion - Junting Hotel has maintained a high proportion of direct-operated stores, which accounted for 34% of its total by the end of 2021, significantly higher than competitors like Jinjiang and Huazhu [3][4]. - The average room price for Junting's direct-operated hotels was 367 RMB, approximately 40% higher than similar competitors from 2017 to 2021 [4][6]. - Despite the advantages of direct operation, the company faced slow expansion, with only 40 hotels by September 2020 compared to competitors with thousands of locations [4][6]. Group 3: Recent Developments and Challenges - In 2022, Junting began aggressive expansion, acquiring stakes in Junlan and Jinglan, increasing its hotel count to over 300 and planning to reach 452 hotels by the end of 2024 [4][6]. - The company has recently opened up to franchising, aiming to double its hotel count to 1,000 within three years, and has established a joint venture to facilitate this transition [7][10]. - However, as of September 2023, Junting has only opened 29 new hotels and signed 25 franchise agreements, with a significant drop in gross margin from 29.41% to 18.76% [10].

Group 1 - Hekang New Energy's subsidiary received a government subsidy of 6 million yuan, accounting for 58.27% of the company's latest audited net profit attributable to shareholders [1] - Anhui Construction won two major EPC projects with a total bid price of 2.603 billion yuan [2] - Tianrun Dairy's wholly-owned subsidiary received a government subsidy of 7.9094 million yuan, representing 18.12% of the company's audited net profit for 2024 [2] Group 2 - Yunnan Gold's subsidiary obtained a mining license for the Xinxiao County Tanxi Tungsten Mine, with a production capacity of 990,000 tons per year [5][22] - Yanzhou Coal Energy plans to acquire 100% equity of a high-end support company for 345 million yuan [6] - Heng Rui Pharmaceutical received approval for multiple drug clinical trials, including Sulfate Amexitin tablets [8] Group 3 - Huazhi Jie plans to invest 157 million yuan to establish five wholly-owned subsidiaries to expand its global strategy [1] - Junting Hotel's controlling shareholder is planning a change of control, leading to a continued suspension of trading [4] - Funi Technology's shareholder plans to reduce its stake by up to 1.68% [10] Group 4 - Midea Group's subsidiary received a government subsidy of 6 million yuan, which is 58.27% of the company's latest audited net profit [1] - Hunan Gold's subsidiary obtained a mining license for tungsten, iron, and silver, with a production scale of 990,000 tons per year [5][22] - Xin Hua Pharmaceutical received approval for the listing application of Acetate Prednisone raw material [24][25] Group 5 - Zhejiang Pharmaceutical plans to spin off its subsidiary for a listing on the Hong Kong Stock Exchange [28] - Kesheng Technology plans to invest 61.2 million yuan to acquire 51% of Shenzhen Guanding [30] - Tian Shan Aluminum's 1.4 million tons electrolytic aluminum green low-carbon energy efficiency improvement project has commenced production [38]

君亭酒店表示，公司控股股东吴启元筹划控制权变更事宜，可能致控股股东、实控人变更，公司股票已 自11月26日起停牌，鉴于上述事项尚在筹划中，存在不确定性，为保证公平信息披露，避免造成公司股 价异常波动，经公司向深交所申请，公司股票自11月28日起继续停牌，预计停牌时间不超过3个交易 日。 北京商报讯(记者马换换李佳雪)11月27日晚间，君亭酒店（301073）披露公告称，由于筹划公司控制权 变更事项，公司股票将于11月28日起继续停牌。 ...

Core Points - Junting Hotel (301073.SZ) announced that as of the date of this announcement, all parties involved are actively advancing the transaction, and the overall plan is still under negotiation [1] - The parties have not yet signed a formal agreement, and the company expects that it will not be able to resume trading on November 28, 2025 [1] - Due to the ongoing planning of the transaction and the associated uncertainties, the company has applied to the Shenzhen Stock Exchange for a continued suspension of its stock from trading starting November 28, 2025, with an expected suspension period of no more than three trading days [1]