锦江B股(900934) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 reached RMB 4.156 billion, representing a 33.63% increase compared to RMB 3.051 billion in Q3 2022[5] - Net profit attributable to shareholders was RMB 167.81 million, a significant increase of 169.28% from RMB 62.25 million in the same period last year[5] - The basic earnings per share rose to RMB 0.4223, reflecting a 169.28% increase compared to RMB 0.1568 in Q3 2022[5] - The net cash flow from operating activities increased by 173.39%, amounting to RMB 1.913 billion compared to RMB 1.596 billion in the previous year[5] - Total operating revenue for the first three quarters of 2023 reached ¥10,962,239,542.63, a significant increase of 32.7% compared to ¥8,260,358,676.70 in the same period of 2022[36] - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was ¥975,016,162.69, a significant rise from ¥51,760,899.77 in the previous year[38] - The company reported a total comprehensive income of ¥1,220,199,972.30 for the first three quarters of 2023, compared to ¥161,162,576.81 in the same period of 2022[38] Assets and Liabilities - Total assets as of September 30, 2023, were RMB 49.93 billion, a 3.14% increase from RMB 48.41 billion at the end of 2022[5] - The total liabilities reached RMB 32,333.68 million, reflecting a growth of 5.07% year-on-year[16] - The total assets of the company as of September 30, 2023, amounted to 49,925.36 million RMB, an increase from 48,407.02 million RMB at the end of 2022[33] - Total liabilities increased to ¥32,333,684,266.79 in Q3 2023 from ¥30,773,514,295.66 in Q3 2022, marking an increase of 5.1%[37] Hotel Operations - The company completed the acquisition of 90% of WeHotel in June 2023, which contributed to the financial data for Q3 2023[6] - The total number of ordinary shareholders at the end of the reporting period was 61,282, with the largest shareholder holding 45.05% of the shares[12] - The total number of effective members reached 196.91 million as of September 30, 2023[15] - The number of newly opened hotels in Q3 2023 was 313, resulting in a net increase of 197 hotels[20] - As of September 30, 2023, the total number of hotels in operation reached 12,138, with a total of 1,152,332 rooms[20] - The total number of hotels opened as of September 30, 2023, was 10,929, an increase from 10,723 as of June 30, 2023[44] Revenue Streams - The limited service hotel business generated combined revenue of RMB 4,091.09 million from July to September 2023, up 34.25% year-on-year[19] - The revenue from initial service fees was 185 million RMB, an increase of 81.82% compared to the same period last year, while the continuous franchise fee revenue reached 1,058.03 million RMB, up by 28.18% year-on-year[23] - The company's limited service hotel business in mainland China achieved consolidated revenue of 2,863.57 million RMB from July to September 2023, representing a year-on-year growth of 41.32%[23] - The food and beverage business achieved consolidated revenue of 65.08 million RMB from July to September 2023, a growth of 3.65% compared to the same period last year[28] Market Expansion and Strategy - The company plans to continue expanding its market presence and enhancing its service offerings to drive future growth[29] - The company continues to focus on expanding its hotel network and enhancing operational efficiency through strategic initiatives[49] Performance Metrics - The average occupancy rate for all opened hotels in Q3 2023 was 71.67%, up from 68.72% in Q2 2023[45] - The average room price for all opened hotels in Q3 2023 was CNY 265.60, compared to CNY 254.54 in Q2 2023, reflecting an increase of approximately 4.2%[45] - RevPAR for mid-scale hotels in mainland China was 215.47 RMB, reflecting a year-on-year increase of 33.30%, while the RevPAR for economy hotels rose by 53.03% to 129.46 RMB[27] - The average occupancy rate for mid-range hotels increased to 70.82%, up 14.24% year-over-year, while economy hotels saw a rise to 61.88%, up 11.41%[48] - Revenue per available room (RevPAR) for all operating hotels reached €46.15, indicating growth compared to earlier periods[50]