智通财经获悉，华住集团-S(01179)涨超6%，截至发稿，涨6.08%，报27.9港元，成交额1945.36万港元。 消息面上，华住集团发布2025年第二季度及中期未经审核财务业绩，于2025年第二季度，实现总收入 64.26亿元(人民币，下同)，同比增加4.52%；股东应占净利润15.44亿元，同比增加44.7%。2025年上半 年，实现总收入118.21亿元，同比增加3.46%；股东应占净利润24.38亿元，同比增加41.25%；拟派发 2025年上半年普通现金股息每股普通股0.081美元。 截至2025年6月30日，Legacy-Huazhu有12,016家在营酒店，包括547家租赁及自有酒店以及11,469家管理 加盟及特许经营酒店。此外，截至同日，Legacy-Huazhu有1,159,086间在营酒店客房，包括租赁及自有 模式下的80,587间酒店客房以及管理加盟及特许经营模式下的1,078,499间酒店客房。Legacy-Huazhu亦 有2,925家待开业酒店，包括8家租赁及自有酒店以及2,917家管理加盟及特许经营酒店。 本文源自智通财经网 ...

Core Viewpoint - Huazhu Group's stock price increased by over 6% following the release of its financial performance for Q2 and the first half of 2025, indicating positive market sentiment towards the company's growth and profitability [1] Financial Performance - In Q2 2025, Huazhu Group achieved total revenue of 6.426 billion RMB, a year-on-year increase of 4.52% [1] - The net profit attributable to shareholders for Q2 2025 was 1.544 billion RMB, reflecting a significant year-on-year increase of 44.7% [1] - For the first half of 2025, total revenue reached 11.821 billion RMB, up 3.46% year-on-year [1] - The net profit attributable to shareholders for the first half of 2025 was 2.438 billion RMB, marking a year-on-year increase of 41.25% [1] - The company proposed a cash dividend of 0.081 USD per ordinary share for the first half of 2025 [1] Hotel Operations - As of June 30, 2025, Huazhu Group operated a total of 12,016 hotels, which included 547 leased and owned hotels, and 11,469 managed franchise and licensed hotels [1] - The total number of operating hotel rooms was 1,159,086, comprising 80,587 rooms under leased and owned models, and 1,078,499 rooms under managed franchise and licensed models [1] - The company has 2,925 hotels in the pipeline, including 8 leased and owned hotels, and 2,917 managed franchise and licensed hotels [1]

Core Insights - Huazhu Group reported a strong financial performance for Q2 2025, with hotel revenue reaching 26.9 billion yuan, a year-on-year increase of 15% [1] - The total revenue for the group was 6.4 billion yuan, up 4.5% year-on-year, while adjusted net profit rose to 1.35 billion yuan, reflecting a 7.6% increase [1] - The adjusted EBITDA for the quarter was 2.3 billion yuan, marking an 11.3% year-on-year growth [1] Financial Performance - As of June 30, 2025, Huazhu Group achieved total revenue of 11.821 billion yuan, a 3.46% increase year-on-year [1] - Shareholder net profit reached 2.438 billion yuan, up 41.25% year-on-year, with basic earnings per share at 0.79 yuan [1] - The company proposed a cash dividend of 0.081 USD per share for the first half of 2025 [1] Operational Highlights - The total number of operating hotels reached 12,137, an 18% increase year-on-year, with total guest rooms at 1,184,915, up 18.3% [1] - During the reporting period, the company opened 597 new hotels and had 2,947 hotels under development, covering 1,522 cities [1] - Huazhu's CEO emphasized the dual growth in scale and profitability despite market supply pressures, maintaining high occupancy rates [2] Market Metrics - In Q2, Huazhu's average daily rate (ADR) was 290 yuan, occupancy rate (OCC) at 81%, and revenue per available room (RevPAR) at 235 yuan, all showing recovery compared to the previous quarter [2] - The new hotel openings in Q2 included 44% economy hotels and 42% mid-range hotels, with a total of 595 new stores [2] - Huazhu's brand HanTing was ranked first in the "Global TOP 50 Hotel Brands" list by HOTELS magazine, recognized for having the largest room count among listed brands [2]

Core Viewpoint - Huazhu Group reported growth in revenue and profit for the first half of 2025, despite a decline in key operational metrics in the second quarter. The company remains optimistic about long-term travel demand while focusing on brand upgrades and supply chain optimization [1][6]. Financial Performance - In the first half of 2025, Huazhu Group achieved revenue of 11.8 billion RMB, a year-on-year increase of 3.5% [2]. - The net profit attributable to shareholders reached 2.4 billion RMB, up 41.2% from the previous year [2]. - Adjusted EBITDA for the first half was 3.8 billion RMB, compared to 3.5 billion RMB in the same period of 2024 [1]. Business Segmentation - Revenue from Huazhu China was 9.6 billion RMB, a 5.6% increase, while Huazhu International revenue was 2.2 billion RMB, down 4.9% due to a decrease in leased hotel numbers [2]. - The income from leased and owned hotels was 6.2 billion RMB, a decline of 8.7%, while management and franchise hotel income rose to 5.4 billion RMB, a 22.0% increase, accounting for 45.4% of total revenue [2]. Operational Metrics - In the second quarter, key metrics such as RevPAR, ADR, and occupancy rate experienced declines [4]. - The average daily rate (ADR) for leased and owned hotels was 375 RMB, down from 338 RMB in the previous quarter [5]. - The overall occupancy rate dropped to 82.6%, down from 76.2% in the previous quarter [5]. Strategic Focus - The company is undergoing a light-asset strategy transformation, reducing direct operations, which has led to a temporary decline in related revenues [2]. - The gross profit margin improved from 22.5% to 24.3% year-on-year due to the increased contribution from high-margin businesses [2]. - Huazhu Group plans to continue focusing on brand upgrades, supply chain optimization, and enhancing sales capabilities to navigate short-term uncertainties [6]. Market Outlook - The CEO indicated that despite challenges from rapid supply growth and macroeconomic factors, domestic travel demand remains stable [4]. - For the third quarter, the company expects revenue growth of 2% to 6% year-on-year, with management and franchise income projected to grow by 20% to 24% [6].

8月20日，华住集团发布2025年二季度财务业绩，报告期内，华住集团酒店营业额269亿元，同比增长 15%；收入64亿元，同比增长4.5%；经调整净利润13.5亿元，同比增长7.6%；经调整EBITDA（息税折 旧及摊销前利润）23亿元，同比增长11.3%。 聚焦华住中国业绩，财报显示，2025年二季度，在市场供给增加的压力下，华住中国的日均房价 （ADR）、入住率（OCC）和平均可出租客房收入（RevPAR）分别为290元、81%和235元，均较上季 度有所回升，并分别恢复至2024年同期的98.1%、98.4%和96.2%。同时，华住中国新开业门店数量为 595家，其中经济型酒店和中档酒店占比分别达44%、42%。期末，华住中国运营中及待开业酒店合计 覆盖城市达到1416个，较上年同期增加88个。 本文源自：金融界 财报显示，截至2025年二季度末，华住集团在营酒店总数达12137家，同比增长18%；在营客房总数 1184915间，同比增加18.3%。报告期内，集团新开业酒店597家，待开业酒店2947家，期末运营中及待 开业酒店合计覆盖城市达1522个。 ...

Core Insights - Huazhu Group reported a hotel revenue of 26.9 billion yuan in Q2, representing a year-on-year growth of 15% [1] - The group's total revenue reached 6.4 billion yuan, up 4.5% year-on-year, with adjusted net profit at 1.35 billion yuan, increasing by 7.6% [1] - Adjusted EBITDA for the quarter was 2.3 billion yuan, reflecting an 11.3% year-on-year growth [1] Operational Metrics - As of the end of Q2, Huazhu operated a total of 12,137 hotels, marking an 18% increase year-on-year, with 1,184,915 rooms, up 18.3% [1] - The company opened 597 new hotels during the quarter, with a total of 2,947 hotels in the pipeline, covering 1,522 cities [1] - Key performance indicators showed an average daily rate (ADR) of 290 yuan, an occupancy rate (OCC) of 81%, and revenue per available room (RevPAR) of 235 yuan, all showing recovery compared to the previous quarter [1] Strategic Focus - CEO Jin Hui emphasized the commitment to long-termism, high-quality development, and market penetration, particularly in core urban areas [2] - The company aims to maintain dual growth in scale and profitability despite increased market supply pressure, achieving high occupancy rates [2] - Huazhu is focused on product innovation and ecosystem development, launching the "epoch-making" Hanting 4.0 and expanding its mid-range brand, Juzi [2]

截至二季度末，华住在营酒店总数达12,137家，同比增长18%；在营客房总数1,184,915间，同比增加 18.3%。报告期内，集团新开业酒店597家，待开业酒店2,947家，期末运营中及待开业酒店合计覆盖城 市达1,522个。截至季末，华住会的会员数达到2.88亿，同比增加17.5%；报告期内，中央预定系统贡献 的间夜量达65.1%，同比增加5.2个百分点，会员预定间夜同比提升28.8%。 智通财经APP获悉，周三，华住(HTHT.US)涨逾5%，报35.11美元。财报显示，今年二季度华住集团酒 店营业额达269亿元，同比增长15%。同期，集团收入达64亿元，同比增长4.5%，经调整净利润13.5亿 元，同比增长7.6%，经调整EBITDA(息税折旧及摊销前利润)23亿元，同比增长11.3%。 ...

Core Insights - Huazhu Group reported a 15% year-on-year increase in hotel revenue to 26.9 billion yuan for Q2 2025, with total income rising 4.5% to 6.4 billion yuan [1] - Adjusted net profit grew by 7.6% to 1.35 billion yuan, while adjusted EBITDA increased by 11.3% to 2.3 billion yuan [1] - The number of operating hotels reached 12,137, an 18% increase year-on-year, with a total of 1,184,915 rooms, up 18.3% [1] Financial Performance - Daily average room rate (ADR) for Huazhu China was 290 yuan, with an occupancy rate (OCC) of 81% and average revenue per available room (RevPAR) of 235 yuan, recovering to 98.1%, 98.4%, and 96.2% of 2024 levels respectively [1] - New hotel openings during the period included 595 locations, with economy and mid-range hotels accounting for 44% and 42% respectively [2] Membership and Booking Trends - Huazhu's membership base reached 288 million, a 17.5% increase year-on-year, with the central reservation system contributing 65.1% of room nights, up 5.2 percentage points [2] - Member booking nights increased by 28.8% year-on-year, indicating strong engagement and loyalty [2] Brand Developments - Hanting launched its 4.0 version with a standardized model cost of 69,900 yuan per room and a construction cycle shortened by 30 days, ranking first in the 2024 "Global TOP 50 Hotel Brands" list [2] - Orange Hotel surpassed 1,000 openings, achieving a 12-fold growth over 8 years, while Intercity Hotels saw a 57.1% year-on-year increase in operating and upcoming hotels [2]

（原标题：美股异动｜华住涨超5%创近两个月新高 中期纯利同比增长超41%） 华住(HTHT.US)涨超5%，最高触及35.09美元，创近两个月新高。 华住集团公布，上半年收入118.21亿元，同比增长3.5%；纯利24.38亿元，同比增长41.3%，合每股盈利 79分。单计第二季度，总收入64.26亿元，同比增长4.5%；经营利润18亿元，同比增长13.7%；经营利润 率27.8%，上升2.2个百分点，主要受惠管理加盟及特许经营业务的收入贡献增加。董事会批准每股派息 8.1美仙。(格隆汇) ...

Financial Performance - In Q2 2025, the company reported a revenue increase of 4.5% year-on-year to 6.4 billion RMB, with a net profit of 1.5 billion RMB, reflecting a 36.4% year-on-year growth and a 67.8% quarter-on-quarter increase [2] - The hotel operating revenue reached 26.9 billion RMB, showing a 15% year-on-year increase [2] Operational Metrics - Key operational metrics continued to decline year-on-year, with Average Daily Rate (ADR) down 2% to 290 RMB, occupancy rate (OCC) decreasing from 82.6% to 81%, and Revenue per Available Room (RevPAR) down 3.7% to 235 RMB [3] - However, these metrics showed improvement compared to Q1 2025, recovering to 98.1%, 98.4%, and 96.2% respectively [3] Expansion Strategy - The company opened 595 new hotels in Q2, a slowdown compared to Q1, with economy and mid-range hotels making up 44% and 42% of new openings respectively [5] - By the end of Q2, the company operated a total of 12,137 hotels, with a net increase of 452 hotels from the previous quarter [2][5] Brand Performance - The HanTing brand launched a new 4.0 version in Q2, while the Juzi Hotel surpassed 1,000 openings, indicating a successful strategy in the competitive mid-range hotel market [7] - The Intercity brand saw a 57.1% year-on-year increase in operating and upcoming hotels, with a RevPAR of 370 RMB [7][8] Membership and Revenue Expectations - As of the end of Q2, the company had 288 million members, a 17.5% year-on-year increase, with a 28.8% rise in member booking nights [8] - The company anticipates Q3 2025 revenue growth between 2% to 6%, with management and franchise income expected to grow by 20% to 24% [9] Market Outlook - Despite a prosperous summer travel market, the company predicts a decline in RevPAR for Q3 due to extreme weather and macroeconomic uncertainties, although the decline is expected to be less severe than in Q2 [9] - The company remains optimistic about long-term growth in the Chinese tourism and hotel industry, despite short-term challenges [8][9]