BTG Hotels(SH:600258)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,507,268,562.52, representing a decrease of 4.72% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥52,902,121.16, down 11.64% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,855,475.83, a decrease of 12.10% compared to the previous year[2]. - The company reported a total revenue of 383,780.67 million RMB for the first nine months of 2022, a decrease of 18.79% year-over-year[12]. - The total net loss attributable to shareholders for the first nine months of 2022 was 33,103.86 million RMB, with a loss of 39,630.11 million RMB after excluding non-recurring items[13]. - The basic earnings per share for the first three quarters was -0.2966, compared to 0.1276 in the same period of 2021[31]. - The company reported a total comprehensive loss of CNY 386,026,815.15, compared to a total comprehensive income of CNY 105,124,645.82 in the same period of 2021[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥26,223,628,017.97, a decrease of 2.90% from the end of the previous year[4]. - The total current assets amounted to CNY 3,666,269,592.37, a decrease of 7.2% from CNY 3,952,258,744.62 on December 31, 2021[27]. - The total liabilities amounted to CNY 15,300,628,822.42, a decrease from CNY 15,684,295,523.29, reflecting a decline of 2.4%[29]. - The total equity attributable to shareholders decreased to CNY 10,754,003,750.01 from CNY 11,101,050,771.94, a reduction of 3.1%[29]. - The total non-current assets were reported at CNY 22,557,358,425.60, down from CNY 23,053,599,496.40, indicating a decrease of 2.1%[28]. - The total cash and cash equivalents decreased to CNY 1,216,868,895.54 from CNY 3,180,563,862.33, representing a decline of 61.7%[27]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥1,115,564,400.09, down 38.15% compared to the same period last year[6]. - Operating cash flow for the first three quarters was CNY 1,115,564,400.09, a decrease of 38.2% compared to CNY 1,803,569,568.91 in the previous year[33]. - The total cash outflow from investment activities reached ¥4,091,657,163.05, significantly higher than ¥1,387,969,110.20 in the previous year, resulting in a net cash flow from investment activities of -¥1,966,117,882.52 compared to -¥401,345,010.61[34]. - The company reported a net cash outflow of ¥1,940,777,642.13 in cash and cash equivalents, compared to a smaller outflow of ¥46,102,641.37 in the previous year[34]. Hotel Operations - The company's hotel business revenue decreased by ¥779,437,100, or 17.45%, due to the impact of the pandemic[6]. - In Q3 2022, the company's RevPAR recovered to 67% of the same period in 2019, achieving a single-quarter profit despite ongoing pandemic impacts[10]. - The company opened 279 new hotels in Q3 2022, with 63 being mid-to-high-end hotels, representing 22.58% of new openings, and 193 being light management hotels, accounting for 69.18%[10]. - As of September 30, 2022, the total number of hotels reached 5,888, with 1,496 mid-to-high-end hotels, making up 25.4% of the total hotel count[14]. - The RevPAR for all hotels in Q3 2022 was 116 RMB, a decrease of 5.9% year-over-year, with an average room rate of 192 RMB, down 4.0% year-over-year, and an occupancy rate of 60.5%, down 1.2 percentage points year-over-year[20]. - The company has signed and is in the process of signing 2,046 reserve projects, an increase of 157 projects from the end of Q2 2022[10]. Strategic Initiatives - The company is advancing its smart hotel initiatives, enhancing operational efficiency through digitalization and contactless services[11]. - The company aims to strengthen its mid-to-high-end hotel offerings and expand into high-end and luxury segments to meet evolving market demands[11]. - The company has been proactive in supporting franchisees, with 1,653 hotels requisitioned for pandemic-related accommodations, and 501 still in requisition status[12]. - The company plans to continue expanding its hotel network, focusing on light management and franchising strategies[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,703[7]. - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., held 34.47% of the shares[7].