锦江酒店(600754) - 2017 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 199.03 million, an increase of 20.93% year-on-year[4]. - Operating revenue reached CNY 2.84 billion, reflecting a growth of 62.44% compared to the same period last year[4]. - The net cash flow from operating activities was CNY 419.34 million, up 82.07% year-on-year[4]. - Basic earnings per share were CNY 0.2078, an increase of 1.58% compared to the previous year[4]. - The company reported a net profit for the previous fiscal year, with no significant warnings of potential losses for the current year[61]. - Net profit for Q1 2017 reached CNY 200,186,374.66, compared to CNY 162,468,234.85 in Q1 2016, reflecting a growth of 23.2%[70]. - The net profit attributable to the parent company was CNY 199,029,023.65, an increase from CNY 164,577,135.75 in the previous year[70]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 43.97 billion, a decrease of 0.50% compared to the end of the previous year[4]. - The company's current assets totaled CNY 9.36 billion, down from CNY 9.69 billion at the beginning of the year, indicating a decrease of approximately 3.4%[63]. - The total liabilities decreased to CNY 29.52 billion from CNY 29.88 billion, a reduction of about 1.2%[65]. - Short-term borrowings decreased significantly from CNY 4.13 billion to CNY 3.22 billion, a decrease of approximately 22.0%[64]. - The company's equity attributable to shareholders increased to CNY 12.94 billion from CNY 12.80 billion, an increase of about 1.1%[65]. Revenue Streams - The limited-service hotel business generated consolidated revenue of RMB 2,775.62 million, a year-on-year increase of 64.69%[15]. - Revenue from first-time franchise fees in mainland China was RMB 74.49 million, a year-on-year increase of 163.55%[18]. - The revenue from ongoing franchise fees in mainland China was RMB 206.80 million, up 108.59% year-on-year[18]. - The food and beverage business achieved consolidated revenue of RMB 63.93 million in Q1 2017, a year-on-year increase of 2.04%[32]. - The overall revenue from the limited service hotel operations was RMB 2.78 billion, with a gross margin of 90.30%[36]. Hotel Operations - The number of newly opened limited-service chain hotels increased by 236, bringing the total to 6,104 hotels as of March 31, 2017[15]. - The company signed 469 new limited-service chain hotels, totaling 8,089 signed hotels by the end of Q1 2017[16]. - The average occupancy rate for "Jinjiang Doucheng" was 61.57%, with a RevPAR of RMB 190.75, reflecting a decrease of 6.12% year-on-year[24]. - The average RevPAR for "Jinjiang Inn" was RMB 128.16, with an occupancy rate of 72.54%, showing a slight decrease of 0.71% compared to the previous year[24]. - The company operates limited-service hotels across 471 cities in China and 13 countries or regions outside mainland China as of March 31, 2017[27]. Cash Flow - The company's net cash flow from operating activities increased by 82.07% to CNY 419,335,444.56 compared to CNY 230,316,218.99 in the previous year[52]. - The company’s investment activities generated a net cash flow of -CNY 551,398,149.76, a reduction in cash outflow by CNY 6,819,798,787.12 compared to the previous year[53]. - The company’s financing activities resulted in a net cash flow of -CNY 316,572,325.34, a decrease in cash inflow by CNY 8,479,476,153.51 compared to the previous year[54]. Future Outlook - The company plans to continue expanding its market presence and developing new products and technologies[4]. - The company expects total revenue from its limited-service hotel operations in Q2 2017 to be between RMB 3,106.5 million and RMB 3,433.5 million[30]. - The company anticipates revenue from its limited-service hotel operations in mainland China to be between RMB 2,184 million and RMB 2,414 million for Q2 2017[31].