BTG Hotels(SH:600258)2023-04-27 16:00Financial Performance - In Q1 2023, the company achieved operating revenue of CNY 1,655,538,473.32, an increase of 36.57% compared to the same period last year[24] - The net profit attributable to shareholders was CNY 77,190,888.11, a significant recovery from a net loss of CNY 232,376,308.45 in the previous year[24] - The company achieved a total profit of 118.85 million yuan in the current period, an increase of 39.01 million yuan compared to the same period last year[41] - The net profit for Q1 2023 was 94,493,607.71, a significant recovery from a net loss of -246,175,706.79 in Q1 2022, representing a turnaround of approximately 138.3%[60] - Total revenue from operating activities increased to 1,983,399,137.65 in Q1 2023, compared to 1,158,203,093.56 in Q1 2022, marking a growth of about 71.1%[63] - Operating profit for Q1 2023 was ¥115,364,944.05, a turnaround from a loss of ¥275,973,170.33 in Q1 2022[77] - The company reported a net profit of ¥2,362,853.45, a significant recovery from a net loss of ¥23,468,754.70 in the same period last year[85] - Total profit for the quarter reached ¥5,582,867.71, a turnaround from a total loss of ¥28,764,819.83 in the previous year[85] Hotel Operations - The company's hotel business revenue reached CNY 1,469,397,400, an increase of 32.66% year-on-year, driven by the recovery in the business travel market[18] - The RevPAR (Revenue per Available Room) for all hotels in Q1 2023 was CNY 131, up 52.5% year-on-year, with an average daily rate (ADR) of CNY 214, an increase of 23.2%[21] - The company opened 210 new hotels in Q1 2023, a 10.53% increase compared to the same period last year, with a total of 1,907 signed and pending projects[15] - The RevPAR for all hotels in Q1 2023 recovered to 92.2% of the level in the same period of 2019, with economy hotels at 92.8% and mid-to-high-end hotels at 85.7%[47] - The total number of hotels in key regions (Beijing, Shanghai, Jiangsu, Zhejiang, Anhui, Tianjin, Shandong, Hebei, Guangdong, Sichuan, and Chongqing) is 3,723, accounting for 62.1% of the total[53] - The total number of hotels under the economy segment reached 1,936, with 1,651 directly operated and 1,295 franchised[35] - The company has signed and is in the process of signing 1,907 hotels that are not yet opened[44] Cash Flow and Assets - The net cash flow from operating activities increased by 737.15% to CNY 886,359,475.86 compared to the previous year[24] - As of March 31, 2023, the company's cash and cash equivalents amounted to approximately 1.46 billion yuan, an increase from 1.01 billion yuan at the end of 2022[54] - The company's cash and cash equivalents increased to 344,490,141.69 in Q1 2023 from 154,202,305.59 in Q4 2022, representing a growth of approximately 123.5%[64] - The total assets as of March 31, 2023, amounted to 25,498,709,825.54, slightly up from 25,448,187,601.16 at the end of 2022, reflecting a growth of about 0.2%[60] - The total liabilities increased to 3,000,000,000.00 in Q1 2023 from 2,800,000,000.00 in Q4 2022, indicating a rise of about 7.1%[60] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,687, with the largest shareholder, Beijing Capital Tourism Group, holding 34.47% of shares[28] - Ctrip Travel Information Technology (Shanghai) Co., Ltd. is the second-largest shareholder, owning 12.31% of shares[28] Technology and Innovation - The company has accelerated the digital transformation of hotels, utilizing big data, artificial intelligence, and 5G technologies to enhance operational efficiency and management[33] - The company is committed to leveraging technology to improve operational efficiency and continue building smart hotels[40] - The company is actively promoting the construction of smart hotels to further enhance guest experience satisfaction[33] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[79] Membership and Customer Engagement - The company’s membership base reached 139 million by the end of the reporting period, reflecting a strong focus on customer engagement[17] - The company is focusing on enhancing member rights and satisfaction, which is expected to improve customer loyalty[33]