锦江酒店(600754) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 3.25 billion, an increase of 14.48% year-on-year[5] - Net profit attributable to shareholders of the listed company reached CNY 230.44 million, up 15.78% from the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 69.15 million, representing a 32.75% increase year-on-year[5] - The basic earnings per share for the quarter was CNY 0.2406, a 15.78% increase from the previous year[5] - The company reported a total comprehensive income of CNY 175,222,197.23 for Q1 2018, compared to CNY 136,034,532.16 in Q1 2017, an increase of 28.9%[58] - Net profit for Q1 2018 was CNY 274,070,855.69, representing a significant increase of 36.8% from CNY 200,186,374.66 in Q1 2017[58] Revenue and Growth - Total revenue for Q1 2018 reached CNY 3,250,858,683.27, an increase of 14.5% compared to CNY 2,839,612,661.90 in the same period last year[56] - The limited-service hotel business generated consolidated revenue of CNY 3,194.78 million in Q1 2018, up 15.10% year-on-year[15] - The company’s limited service hotel business in mainland China generated revenue of RMB 3,194,777,609.09 with a gross margin of 90.30% in Q1 2018[23] - Revenue from the company's operations outside mainland China reached RMB 899,505,580.67, marking a growth of 15.06% compared to the previous year[24] - The overseas limited service hotel business achieved a revenue of €11,551,000 in Q1 2018, an increase of 8.35% year-over-year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 42.55 billion, a decrease of 2.32% compared to the end of the previous year[5] - The company's net assets attributable to shareholders were CNY 12,428.02 million, a decrease of 4.28% compared to the end of the previous year[12] - Non-current assets totaled CNY 30,642,938,109.76, a decrease from CNY 31,150,332,424.48 at the beginning of the year[51] - Total current assets decreased from ¥12,409,363,866.96 to ¥11,905,424,528.36, indicating a reduction of approximately 4.06%[50] - The company reported a decrease in total liabilities to CNY 28,967,470,930.57 from CNY 28,943,959,198.10[52] Cash Flow - The cash flow generated from operating activities was CNY 246.58 million, down 41.20% compared to the previous year[5] - The net cash flow from operating activities decreased by 41.20% to ¥246,581,796.92 from ¥419,335,444.56 in the same period last year[63] - The net cash flow from investing activities was -¥130,436,492.49, a significant improvement from -¥551,398,149.76 in the previous year[64] - The net cash flow from financing activities showed a net outflow of ¥929,972,394.77, which increased by ¥613,400,069.43 from the previous year's outflow of ¥316,572,325.34[64] Hotel Operations - The number of newly opened hotels in Q1 2018 was 258, resulting in a net increase of 164 hotels, bringing the total to 6,858 hotels[15] - The average room rate for mid-range hotels was CNY 255.77, with an occupancy rate of 78.33% in Q1 2018[18] - The average occupancy rate for all operating hotels in Q1 2018 was 74.79%, down from 76.01% in Q1 2017, a decrease of 1.6 percentage points[72] - The total number of operating hotels reached 5,571, an increase from 5,395 in the same period of 2017, representing a growth of 3.3%[71] - The company opened 164 new hotels in Q1 2018, bringing the total number of hotels to 6,858[69] Strategic Plans - The company plans to continue expanding its market presence through strategic acquisitions and new product developments in the hospitality sector[27] - The company is focusing on expanding its hotel portfolio and enhancing operational efficiency to improve future performance[78]