BTG Hotels(SH:600258)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,212,215,051.02, a decrease of 4.64% compared to ¥1,271,193,020.88 in the same period last year[3] - The net profit attributable to shareholders of the listed company was -¥232,376,308.45, reflecting a significant loss due to the impact of the pandemic[3] - The net cash flow from operating activities decreased by 47.11%, amounting to ¥105,877,831.91, primarily due to reduced revenue and slow recovery of hotel requisition payments[6] - The basic and diluted earnings per share were both -¥0.2081, indicating a loss per share compared to -¥0.1859 in the previous year[3] - The company reported a total profit of -CNY 27,125.01 million, an increase in loss of CNY 5,380.56 million year-on-year[16] - The total comprehensive income for Q1 2022 was a loss of ¥246,344,613.37, compared to a loss of ¥191,904,638.86 in Q1 2021[32] Revenue Breakdown - The company's hotel business revenue declined by ¥45,988,100, a decrease of 3.99%, while the scenic area operation revenue fell by ¥12,989,800, a decrease of 11.05%[6] - In Q1 2022, the company's total revenue was CNY 121,221.51 million, a decrease of CNY 5,897.80 million or 4.64% year-on-year[16] - The hotel business revenue was CNY 110,763.71 million, down CNY 4,598.81 million or 3.99% compared to the previous year[16] Asset and Equity Changes - Total assets at the end of Q1 2022 were ¥26,321,768,201.20, down 2.53% from ¥27,005,858,241.02 at the end of the previous year[4] - The equity attributable to shareholders of the listed company decreased by 2.08%, totaling ¥10,869,596,298.48[4] - Total current assets decreased from approximately 3.95 billion to 3.36 billion RMB, a decline of about 15% year-over-year[29] - The company's total assets decreased from approximately 27.01 billion to 26.32 billion RMB, a reduction of about 2.6%[30] Hotel Operations - As of March 31, 2022, the company operated 5,993 hotels, including 1 overseas, with a total of 478,819 rooms[16] - The number of mid-to-high-end hotels reached 1,426, accounting for 23.8% of total hotels, with 156,042 rooms, representing 32.6% of total room count[16] - The company opened 190 new stores in Q1 2022, maintaining growth compared to the same period in 2021, with 57 new mid-to-high-end hotels, making up 30.0% of new openings[10] - The company signed and reserved 1,827 projects, supporting its annual store opening plan[10] - The company reported a total of 3,630 mature hotels (operating for over 18 months) as of March 31, 2022, with a RevPAR of 88 RMB, down 10.5% year-over-year[25] Cash Flow and Financing - The company issued CNY 600 million in short-term financing, with a rate of 2.75%, to reduce financial costs[15] - The cash inflow from financing activities was 1,208,629,856.81 RMB, compared to 1,315,900,000.79 RMB in the previous period, indicating a reduction in financing activities[34] - The company reported a net cash flow from investing activities of -196,903,198.12 RMB, a decrease from 101,811,565.51 RMB in the previous period, indicating a significant decline in investment returns[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,885[7] - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., held 34.39% of the shares, totaling 385,677,344 shares[7] Membership and Social Responsibility - The company increased its membership to 134 million by March 31, 2022, through offline and online initiatives[14] - The company actively took social responsibility by providing accommodation for over 1,000 hotels during the pandemic[11]