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 ...

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 ...

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 ...

Investment Rating - The investment rating for the company is "Add" (maintained) [1] Core Insights - The company reported a Q1 2024 revenue of 1.468 billion yuan, a year-on-year increase of 90%, and a net profit attributable to shareholders of 257 million yuan, up 1339% year-on-year [3] - The retail business exceeded expectations, leading to an upward revision of the full-year revenue guidance, with an expected year-on-year growth rate of 40% [3] - RevPAR decreased by 3% year-on-year, primarily due to price declines and a high base from 2023 [3] - The total number of stores reached 1,302, a year-on-year increase of 35%, with a total room count of 148,000, up 32% year-on-year [3] - The company is positioned in the high-end market and is expanding its presence, with the introduction of a mid-range brand expected to enhance profitability [3] Financial Summary - For 2024, the company expects net profits of 955 million yuan, with corresponding P/E ratios of 18, 13, and 11 for 2024, 2025, and 2026 respectively [3] - Revenue forecasts for 2024-2026 are 6.331 billion yuan, 7.922 billion yuan, and 9.432 billion yuan, with year-on-year growth rates of 35.7%, 25.1%, and 19.1% respectively [2][3] - The gross profit margin is projected to improve to 40.4% in 2024, with a net profit margin of 15.1% [9]

SHANGHAI, May 24, 2024 /PRNewswire/ -- May 23, Atour Lifestyle Holdings Limited (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, has released its inaugural Environmental, Social, and Governance (ESG) report for 2023.The report underscores the company's sustainability efforts over the past year and reflects the steady integration of ESG principles into its day-to-day operations.In essence, Atour is committed to reducing waste and making its operations more ecologically friendly. This is ...

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q1 2024 Earnings Conference Call May 23, 2024 7:00 AM ET Company Participants Alison Zhang - Director, Investor Relations Wang Haijun - Founder, Chairman & Chief Executive Officer Wu Jianfeng - Co-Chief Financial Officer Conference Call Participants Sijie Lin - CICC Dan Chee - Morgan Stanley Xin Chen - UBS Lydia Ling - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the Atour Lifestyle Holdings First Quarter 2024 Earnings Conferenc ...

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) 1Q24 Results Presentation ...

A total of 1,302 hotels, or 148,149 hotel rooms, in operation as of March 31, 2024.Net revenues for the first quarter of 2024 increased by 89.7% year-over-year to RMB1,468 million (US$203 million), compared with RMB774 million for the same period of 2023.Net income for the first quarter of 2024 increased by 1326.0% year-over-year to RMB258 million (US$36 million), compared with RMB18 million for the same period of 2023.Adjusted net income (non-GAAP)1 for the first quarter of 2024 increased by 63.4% year-ove ...

Core Insights - Atour Lifestyle Holdings Limited reported significant growth in its financial performance for the first quarter of 2024, with net revenues increasing by 89.7% year-over-year to RMB1,468 million (US$203 million) and net income soaring by 1326.0% to RMB258 million (US$36 million) [1][7][15]. Financial Performance - Net revenues for Q1 2024 reached RMB1,468 million (US$203 million), up from RMB774 million in Q1 2023, driven by growth in manachised hotels and retail businesses [7][15]. - Net income for Q1 2024 was RMB258 million (US$36 million), a substantial increase from RMB18 million in Q1 2023 [15]. - Adjusted net income (non-GAAP) for Q1 2024 was RMB261 million (US$36 million), up 63.4% from RMB160 million in Q1 2023 [15][16]. - EBITDA (non-GAAP) for Q1 2024 was RMB351 million (US$49 million), representing a 291.3% increase from RMB90 million in Q1 2023 [16]. Operational Highlights - As of March 31, 2024, Atour operated 1,302 hotels with a total of 148,149 hotel rooms, marking a year-over-year increase of 34.5% in the number of hotels and 31.6% in hotel rooms [3][5]. - The average daily room rate (ADR) for Q1 2024 was RMB430, slightly down from RMB443 in Q1 2023 [3]. - The occupancy rate for Q1 2024 was 73.3%, compared to 72.5% in Q1 2023 [3]. - Revenue per available room (RevPAR) was RMB328 for Q1 2024, down from RMB337 in Q1 2023 [3]. Retail Business Performance - The gross merchandise value (GMV) from Atour's retail business was RMB495 million for Q1 2024, representing a remarkable increase of 277.4% year-over-year [4][5]. Revenue Breakdown - Revenues from manachised hotels increased by 87.1% to RMB836 million (US$116 million) in Q1 2024 [7][8]. - Revenues from leased hotels decreased by 10.3% to RMB168 million (US$23 million) in Q1 2024, attributed to a decline in RevPAR and renovations [8]. - Retail revenues surged by 268.9% to RMB417 million (US$58 million) in Q1 2024, driven by brand recognition and improved product offerings [8]. Cost and Expenses - Total operating costs and expenses for Q1 2024 were RMB1,154 million (US$160 million), up from RMB719 million in Q1 2023 [9][10]. - Hotel operating costs for Q1 2024 were RMB662 million (US$92 million), accounting for 65.9% of revenues from manachised and leased hotels [10]. - Selling and marketing expenses increased significantly to RMB175 million (US$24 million) in Q1 2024, reflecting enhanced investment in brand recognition [12]. Cash Flow and Debt - Operating cash inflow for Q1 2024 was RMB143 million (US$20 million) [16]. - As of March 31, 2024, the company had total outstanding borrowings of RMB92 million (US$13 million) and an unutilized credit facility of RMB420 million [17].

SHANGHAI, China, May 23, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the release of its 2023 Environmental, Social and Governance (“ESG”) report. The report provides a comprehensive overview and detailed insights regarding the Company’s achievements and progress in environmental initiatives, social responsibility, and corporate governance. As a key industry player, Atour has consist ...