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Atour Lifestyle (ATAT) - 2024 Q2 - Quarterly Report
2024-08-29 10:14
Exhibit 99.1 Atour Lifestyle Holdings Limited Reports Second Quarter of 2024 Unaudited Financial Results · A total of 1,412 hotels, or 161,686 hotel rooms, in operation as of June 30, 2024. · Net revenues for the second quarter of 2024 increased by 64.5% year-over-year to RMB1,797 million (US$247 million), compared with RMB1,093 million for the same period of 2023. · Net income for the second quarter of 2024 increased by 27.1% year-over-year to RMB304 million (US$42 million), compared with RMB239 million fo ...
Atour Lifestyle Holdings Limited Reports Second Quarter of 2024 Unaudited Financial Results
GlobeNewswire News Room· 2024-08-29 10:00
Core Insights - Atour Lifestyle Holdings Limited reported strong financial performance for the second quarter of 2024, with net revenues increasing by 64.5% year-over-year to RMB1,797 million (US$247 million) [7][14] - The company achieved a net income of RMB304 million (US$42 million), reflecting a 27.1% increase compared to the same period in 2023 [14] - The hotel network expanded significantly, with 1,412 hotels and 161,686 rooms in operation as of June 30, 2024, marking increases of 36.6% and 34.3% year-over-year, respectively [3][5] Financial Performance - Adjusted net income (non-GAAP) for Q2 2024 rose by 31.6% year-over-year to RMB328 million (US$45 million) [14] - EBITDA (non-GAAP) increased by 25.3% year-over-year to RMB419 million (US$58 million) [15] - Adjusted EBITDA (non-GAAP) for the quarter was RMB443 million (US$61 million), up 28.6% from the previous year [15] Operational Highlights - The average daily room rate (ADR) for Q2 2024 was RMB441, down from RMB475 in Q2 2023 [3] - The occupancy rate improved to 78.4% in Q2 2024, compared to 77.1% in the same period last year [3] - Revenue per available room (RevPAR) was RMB359, a decrease from RMB384 in Q2 2023 [3] Retail Business Growth - Gross merchandise value (GMV) from the retail business surged by 157.6% year-over-year to RMB620 million in Q2 2024 [4] - Retail revenues increased by 153.6% to RMB537 million (US$74 million) compared to RMB212 million in Q2 2023 [9] Cost and Expenses - Total operating costs and expenses for Q2 2024 were RMB1,400 million (US$193 million), up from RMB816 million in Q2 2023 [10] - Hotel operating costs accounted for 64.3% of revenues from manachised and leased hotels, compared to 60.2% in the same period last year [10] Future Outlook - For the full year of 2024, the company expects total net revenues to increase by 48% to 52% compared to 2023 [17]
Atour Lifestyle Holdings Limited Announces 3-Year Annual Dividend Policy
GlobeNewswire News Room· 2024-08-29 10:00
SHANGHAI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced that, as a part of the Company’s ongoing efforts to enhance shareholder value, its Board of Directors (the “Board”) has approved a three-year annual dividend policy (the “Annual Dividend Policy”). Under the Annual Dividend Policy, the Company plans to declare and distribute dividends with an aggregate amount of no less t ...
Atour Lifestyle Holdings Limited to Report Second Quarter 2024 Financial Results on August 29, 2024
GlobeNewswire News Room· 2024-08-13 10:00
Core Viewpoint - Atour Lifestyle Holdings Limited will report its unaudited financial results for the second quarter of 2024 on August 29, 2024, before U.S. markets open [1]. Group 1: Financial Reporting - The company will host a conference call at 7:00 AM U.S. Eastern time on August 29, 2024 [1]. - A live webcast of the conference call will be available on the company's investor relations website [1]. - Participants wishing to join the conference call via telephone must pre-register to receive dial-in numbers and a personal PIN [1][2]. Group 2: Company Overview - Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, recognized for its distinct portfolio of lifestyle hotel brands [3]. - The company is the leading upper midscale hotel chain in China and the first Chinese hotel chain to develop scenario-based retail business [3]. - Atour is committed to innovation in China's hospitality industry and aims to build new lifestyle brands around hotel offerings [3].
Atour Lifestyle Holdings Limited Announces Pricing of Registered Secondary Offering of American Depositary Shares by Legend Capital
Newsfilter· 2024-06-12 10:13
Core Viewpoint - Atour Lifestyle Holdings Limited announced a secondary offering of 10,000,000 American depositary shares (ADSs) at a price of US$16.90 per ADS, which will raise approximately US$169 million for Legend Capital, the selling shareholder [1][2]. Group 1: Secondary Offering Details - The secondary offering consists of 10,000,000 ADSs, each representing three Class A ordinary shares, priced at US$16.90 per ADS [1]. - Legend Capital will not provide any proceeds to the company from this sale, and the gross proceeds to Legend Capital will be approximately US$169 million, assuming no additional ADSs are purchased by underwriters [2]. - The underwriters have a 30-day option to purchase up to 1,500,000 additional ADSs from Legend Capital [1][2]. Group 2: Ownership and Management Changes - Following the completion of the secondary offering, Legend Capital will own approximately 7.6% of the company's issued and outstanding share capital [2]. - Mr. Hongbin Zhou, a director appointed by Legend Capital, has resigned from his position effective upon the completion of the secondary offering [2]. Group 3: Underwriters and Registration - BofA Securities, Inc., CMB International Capital Limited, and Citigroup Global Markets Inc. are acting as joint bookrunners for the secondary offering [3]. - The offering is made under an effective shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission [4]. Group 4: Company Overview - Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, recognized as the upper midscale hotel chain and the first Chinese hotel chain to develop scenario-based retail business [6]. - The company is focused on innovation within the hospitality industry and aims to build new lifestyle brands around its hotel offerings [6].
Atour Lifestyle Holdings Limited Announces Pricing of Registered Secondary Offering of American Depositary Shares by Legend Capital
GlobeNewswire News Room· 2024-06-12 10:13
Core Viewpoint - Atour Lifestyle Holdings Limited announced a secondary offering of 10,000,000 American depositary shares (ADSs) at a price of US$16.90 per ADS, which will raise approximately US$169 million for Legend Capital, the selling shareholder [1][2]. Group 1: Secondary Offering Details - The secondary offering consists of 10,000,000 ADSs, with each ADS representing three Class A ordinary shares of par value US$0.0001 [1]. - The gross proceeds from the offering to Legend Capital are approximately US$169 million, not accounting for underwriting discounts and commissions [2]. - The underwriters have a 30-day option to purchase up to 1,500,000 additional ADSs from Legend Capital [1]. Group 2: Ownership and Management Changes - Following the completion of the secondary offering, Legend Capital will own approximately 7.6% of the company's issued and outstanding share capital, assuming no additional ADSs are purchased by the underwriters [2]. - Mr. Hongbin Zhou, a director appointed by Legend Capital, has resigned from his position effective upon the completion of the secondary offering [2]. Group 3: Company Overview - Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, recognized as the upper midscale hotel chain and the first Chinese hotel chain to develop scenario-based retail business [6]. - The company is focused on innovation within China's hospitality industry and aims to build new lifestyle brands around its hotel offerings [6].
Atour Lifestyle Holdings Limited Announces Proposed Registered Secondary Offering of American Depositary Shares by Legend Capital
Newsfilter· 2024-06-10 21:15
SHANGHAI, CHINA, June 10, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the commencement of a proposed registered underwritten offering by entities affiliated with Legend Capital (“Legend Capital”) of American depositary shares (the “ADSs”), each ADS representing three Class A ordinary shares of par value US$0.0001 each of the Company. Legend Capital proposes to offer an aggregate of ...
Atour Lifestyle Holdings Limited Announces Proposed Registered Secondary Offering of American Depositary Shares by Legend Capital
GlobeNewswire News Room· 2024-06-10 21:15
SHANGHAI, CHINA, June 10, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the commencement of a proposed registered underwritten offering by entities affiliated with Legend Capital (“Legend Capital”) of American depositary shares (the “ADSs”), each ADS representing three Class A ordinary shares of par value US$0.0001 each of the Company. Legend Capital proposes to offer an aggregate of ...
亚朵:Q1收入好于预期,轻居3.0表现较强
SINOLINK SECURITIES· 2024-05-28 07:02
事件 5月 23 日公司公告1Q24 业绩,实现营收 14.7 亿元/+89.7%,净利 润 2.58 亿元/+1326%,经调整净利 2.61 亿元/+63.4%,经调整 EBITDA 3.54 亿元/+53.1%。 点评 Q1 同比高基数下综合 RevPAR 同比下降3%、为 19 年同期 115%, CRS 占比继续提升。1Q24公司综合RevPAR 328 元/-2.6%、为 19 年同期115.1%,18 个月以上门店RevPAR 341 元/-0.3%,好于整 体;拆分量价看,OCC 73.3%/+0.8 pct、为 19 年同期的110.7%, ADR 430元/-2.9%、为 19 年同期的104.1%。Q1末注册会员7140 万/+86% ,CRS 销售间夜占比65.1%/+2.6pct,体现公司品牌势能 强,把握核心客群需求,计划将打通酒店、零售客户体系,有望提 升交叉销售。 Q1 新开店维持较高速度。Q1 新开业97家、环比Q4(100 家)基 美元(元) 成交金额(百万元) 本持平,同比1Q23 增加 59家;截至1Q24 年末门店总数1271 家 23.00 60 /+32.3%,p ...
亚朵:在强劲的零售销售的支持下 , 提出了指导意见
Zhao Yin Guo Ji· 2024-05-28 01:22
2024 年 5 月 27 日 CMB 国际全球市场 | 股票研究 | 公司更新 Atour 生活方式 (ATAT US) 在强劲的零售销售的支持下 , 提出了指导意见 酒店板块在 2Q24 QTD ( 节后休闲需求疲软,业务恢复缓慢 ) 一直承压,因此,前景仍偏 目标价 27.72 美元 保守。然而,Ator 的零售业务表现良好,足以抵消这种拖累。因此,随着零售销售增长目标 ( 以前的 TP 为 23.68 美元 ) 的健康升级,我们维持买入并将 TP 提高至 27.72 美元,基于 23 倍的 FY24E 市盈率 ( 从 涨 / 跌 57.6% 20 倍开始 ),考虑到 29% 的销售额 / 31% 的调整,这仍然不高。23 - 26E 财年净利润复合 现价 17.59 美元中国非必需消费品 年增长率。 沃尔特 · 吴  2Q24E 前景仍然保守。管理层对酒店需求仍然高度谨慎,因为宏观不确定性 ( 假期后 (852) 3761 8776 和周末订单与去年相比已经是一周 ),他们仍然预计 2Q24E 的 RevPAR 可能同比下降 。另一方面,Ator 仍然非常努力地通过增加更多的企业客户和在周末捕捉更多 ...