BTG Hotels(SH:600258)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -526.02 million, a decline of 811.25% year-on-year[4] - Operating revenue fell by 58.80% to CNY 800.74 million compared to the same period last year[4] - Basic earnings per share were CNY -0.5374, down 810.85% from CNY 0.0756 in the previous year[5] - The company's operating revenue for Q1 2020 was 800,737,516.72, a decrease of 58.8% compared to 1,943,576,229.57 in Q1 2019[43] - Net profit for Q1 2020 was -540,557,097.12, compared to a net profit of 98,318,095.57 in Q1 2019, indicating a significant loss[44] - The company reported a total comprehensive loss of -539,889,037.87 for Q1 2020, compared to a comprehensive income of 98,318,095.57 in Q1 2019[44] Cash Flow and Liquidity - Net cash flow from operating activities was CNY -516.42 million, a decrease of 426.73% year-on-year[4] - The total cash flow from operating activities was negative at ¥516,424,226.50, a significant decline from a positive cash flow of ¥158,059,786.86 in the same period last year[48] - The company reported cash inflows from operating activities totaling ¥842,957,352.79, down from ¥2,123,491,257.42 in Q1 2019, reflecting a 60.32% decrease[48] - The company's cash outflows from operating activities were ¥1,359,381,579.29, compared to ¥1,965,431,470.56 in the previous year, showing a 30.77% decrease[48] Assets and Liabilities - Total assets decreased by 4.44% to CNY 16.35 billion compared to the end of the previous year[4] - Total liabilities were CNY 7,575,756,060.04, down 3.04% from CNY 7,813,169,622.51[40] - The company's equity attributable to shareholders decreased to CNY 8,438,826,721.06, down 5.7% from CNY 8,947,142,275.84[40] - Current assets totaled CNY 1,838,831,862.65, down 27.7% from CNY 2,542,179,135.90 in the previous year[39] - The total liabilities increased to 5,449,929,909.26 in Q1 2020 from 5,140,696,251.26 in Q1 2019, representing a rise of 6.0%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,351[8] - The largest shareholder, Beijing Capital Tourism Group, held 33.90% of the shares[8] - Ctrip Technology (Shanghai) Co., Ltd. was the second-largest shareholder with a 15.29% stake[8] Impact of COVID-19 - The company's revenue and operating profit saw a substantial decline compared to the same period last year due to the nationwide delay in resuming work and travel restrictions caused by the pandemic[10] - The company plans to intensify efforts to restore operations and minimize pandemic-related losses in the near future[10] - The company introduced the "Safe Stay" product to adapt to market needs during the pandemic and actively utilized government support policies[10] Operational Metrics - The overall RevPAR for all hotels was 54 RMB, a decrease of 61.7% year-on-year[30] - The average room rate for all hotels was 162 RMB, down 14.1% compared to the same period last year[30] - The occupancy rate for all hotels was 33.5%, a decline of 41.7 percentage points year-on-year[30] - The company opened 62 new stores in Q1 2020, including 3 direct-operated and 59 franchised stores, with 34 in the mid-to-high-end segment[27] Government Support - The company reported a government subsidy of CNY 2.91 million related to normal business operations[6] - Other income for Q1 2020 was 3,308.02 million RMB, an increase of 3,234.53 million RMB or 4,401.32% year-over-year, mainly from government support funds[19]