Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported Q2 2024 earnings that exceeded expectations, leading to an upward revision of its full-year revenue and store opening guidance [3] - For H1 2024, the company achieved a revenue of 3.27 billion yuan, a year-on-year increase of 75%, and a net profit attributable to shareholders of 560 million yuan, up 119% year-on-year [3] - The company plans to distribute dividends amounting to at least 50% of the previous fiscal year's net profit over the next three years, with a projected dividend yield of 3.6% [3] Revenue and Profit Forecast - The company’s total revenue for 2024 is projected to be 6.97 billion yuan, with a year-on-year growth of 49.4% [2][4] - The net profit attributable to shareholders is forecasted to be 1.17 billion yuan in 2024, reflecting a year-on-year increase of 58.9% [2][4] - The earnings per share (EPS) for 2024 is estimated at 2.84 yuan, with a price-to-earnings (P/E) ratio of 13.84 [2][4] Business Performance - The company’s overall occupancy rate (OCC) for Q2 was 78.4%, an increase of 1.3 percentage points year-on-year, while the average daily rate (ADR) was 440.6 yuan, down 7% year-on-year [3] - The revenue from the management franchise, direct hotels, and retail segments for Q2 was 1.02 billion yuan, 180 million yuan, and 590 million yuan respectively, with year-on-year growth rates of 64%, -18%, and 139% [3] - The company has increased its full-year store opening target from 360 to 400, with a total of 1,412 hotels in operation as of the end of Q2 [3] Financial Metrics - The company’s net profit margin for Q2 was 16.9%, a decrease of 4.9 percentage points compared to the same period last year, primarily due to a high base from government subsidies received in the previous year [3] - The company’s total assets are projected to reach 9.7 billion yuan by 2025, with a debt-to-asset ratio of 60.2% [8][9]

NASDAQ: ATAT Atour Lifestyle Holdings Limited 2Q24 Results Presentation August 2024 Disclaimer 免责声明 This presentation has been prepared by Atour Lifestyle Holdings Limited (the "Company") solely for informational purposes and has not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of th ...

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q2 2024 Earnings Conference Call August 29, 2024 7:00 AM ET Company Participants Alison Zhang - Director, IR Haijun Wang - Founder, Chairman & CEO Jianfeng Wu - Co-CFO Conference Call Participants Dan Chee - Morgan Stanley Xin Chen - UBS Sijie Lin - CICC Ronald Leung - Bank of America Liu Ji Wei - CITIC Lydia Ling - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the Atour Lifestyle Holdings Second Quarter 2024 Earnings Conference ...

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 ...

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 ...

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 for the same period of 2023. Adjusted net income (non-GAAP)1 for the second quarter of 2024 increased by 31.6% yea ...

SHANGHAI, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced that it will report its unaudited financial results for the second quarter 2024 on Thursday, August 29, 2024, before the U.S. markets open. The Company will host a conference call at 7:00 AM U.S. Eastern time on Thursday, August 29, 2024 (or 7:00 PM Beijing/Hong Kong time on the same day). A live webcast of the conferenc ...

SHANGHAI, China, June 12, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited ("Atour" or the "Company") (NASDAQ:ATAT), a leading hospitality and lifestyle company in China, today announced the pricing of a registered secondary underwritten offering by entities affiliated with Legend Capital ("Legend Capital") of an aggregate of 10,000,000 American depositary shares (the "ADSs" and such offering, the "Secondary Offering"), each ADS representing three Class A ordinary shares of par value US$0.0001 each ...

SHANGHAI, China, June 12, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the pricing of a registered secondary underwritten offering by entities affiliated with Legend Capital (“Legend Capital”) of an aggregate of 10,000,000 American depositary shares (the “ADSs” and such offering, the “Secondary Offering”), each ADS representing three Class A ordinary shares of par value US$0.0001 eac ...

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 ...