锦江酒店(600754) - 2014 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2014 reached RMB 642.53 million, an increase of 16.68% compared to the same period last year[12] - Net profit attributable to shareholders was RMB 96.57 million, reflecting a growth of 2.92% year-on-year[12] - The overall revenue for the company in Q1 2014 was 642.53 million yuan, representing a 16.68% increase compared to the previous year[25] - Net profit for Q1 2014 reached CNY 97,172,736.40, a 3.6% increase from CNY 94,020,283.51 in the previous year[57] - Basic earnings per share for Q1 2014 were CNY 0.1601, compared to CNY 0.1555 in the same quarter last year, indicating a growth of 3.0%[57] Cash Flow - Operating cash flow for the period was RMB 40.11 million, a decrease of 36.86% from the previous year[12] - Net cash flow from operating activities decreased by 36.86% to RMB 40,106,538.58 from RMB 63,523,432.90 in the previous year, attributed to increased prepayment of corporate income tax and higher rental and labor costs for new stores[39] - Cash generated from operating activities was CNY 621,894,331.33, an increase from CNY 520,492,975.17 in the previous year, representing a growth of 19.5%[60] - The total cash inflow from investment activities was ¥126,290,182.01, up from ¥62,833,716.81 in the previous year, resulting in a net cash flow of ¥28,868,974.16 compared to a negative cash flow of ¥47,814,263.08 in Q1 2013[61] - The company reported a net cash outflow from financing activities of ¥16,952,393.34 in Q1 2014, compared to a net outflow of ¥2,379,865.00 in Q1 2013[62] Assets and Liabilities - Total assets at the end of the reporting period were RMB 6.83 billion, down 3.56% from the end of the previous year[12] - The company's available-for-sale financial assets decreased by 32.72% to 677.14 million yuan, mainly due to the sale of stocks and a decline in fair value[33] - The total liabilities decreased to CNY 2,571,942,578.50 from CNY 2,702,263,356.07, representing a reduction of approximately 4.8%[50] - The company's equity attributable to shareholders decreased to CNY 4,221,205,487.70 from CNY 4,343,634,098.04, a decline of about 2.8%[51] Hotel Operations - The limited-service hotel business saw an increase in revenue of RMB 89.16 million, growing by 18.13%[13] - The total number of opened limited service hotels reached 870, with 247 being directly operated and 623 being franchised, as of March 31, 2014[16] - The company added 42 new limited service hotels in Q1 2014, including 8 directly operated and 34 franchised[16] - The total number of signed limited service hotels reached 1,084, with 279 directly operated and 805 franchised, as of March 31, 2014[17] - The average occupancy rate for all opened limited service hotels was 75.05%, a decrease of 1.89 percentage points year-on-year[19] Food and Beverage Business - The food and beverage business achieved consolidated revenue of 61.63 million yuan in Q1 2014, a year-on-year increase of 4.67%[22] - Shanghai Jinjiang International Food and Beverage Management Co., Ltd. reported revenue of 25.57 million yuan in Q1 2014, up 49.10% year-on-year, with 38 managed canteen restaurants as of March 31, 2014[22] - The gross profit margin for the food and beverage business was 51.10% in Q1 2014[25] Shareholder Information - The total number of shareholders reached 51,185, with the largest shareholder holding 50.32% of the shares[10] - The total membership for Jin Jiang Inn increased by 800,000 in Q1 2014, reaching 12.072 million members by March 31, 2014[18] Investment and Financial Activities - Investment income rose to RMB 123,997,850.85, a 59.89% increase from RMB 77,551,147.87 year-on-year, mainly from the disposal of Changjiang Securities shares and profits from KFC Shanghai[37] - The company plans to deposit up to RMB 900 million in Jinjiang Financial Company in 2014, with an interest income of RMB 1,190,000 generated in the first quarter[43] Challenges and Future Outlook - The company reported a net profit warning for the upcoming reporting period, indicating potential losses or significant changes compared to the previous year[47] - The company is addressing ownership issues related to 30 properties under the "Jinjiang Star" brand, with a commitment to resolve these issues within specified timelines[45]