华天酒店(000428) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥105,818,618.02, a decrease of 16.66% compared to ¥126,976,268.76 in the same period last year[3] - The net profit attributable to shareholders was -¥33,229,774.90, an improvement of 67.71% from -¥102,916,867.35 year-on-year[3] - The net cash flow from operating activities was -¥22,727,535.19, showing a 38.73% improvement compared to -¥37,091,235.75 in the previous year[3] - The company reported a net loss of CNY 495,326,182.32 for the period, compared to a loss of CNY 462,096,407.42 at the beginning of the year[19] - Net profit for the current period was -¥55,140,375.92, an improvement from -¥121,376,858.17 in the previous period, indicating a reduction in losses[21] - The company reported a basic and diluted earnings per share of -¥0.0326, an improvement from -¥0.1010 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,542,326,079.21, a decrease of 1.52% from ¥5,628,115,630.42 at the end of the previous year[4] - The company's total liabilities were CNY 3,817,673,986.85, down from CNY 3,837,786,887.38, showing a decrease of about 0.5%[18] - The company’s total equity attributable to shareholders decreased by 1.57% to ¥2,079,877,599.56 from ¥2,113,107,374.46 at the end of the previous year[4] - The equity attributable to the owners of the parent company was CNY 2,079,877,599.56, down from CNY 2,113,107,374.46, reflecting a decline of approximately 1.6%[19] - Total current liabilities decreased slightly to CNY 3,526,223,086.32 from CNY 3,542,475,230.66, a reduction of approximately 0.5%[18] Cash Flow and Investments - The company's cash and cash equivalents increased to CNY 211,456,410.21 from CNY 193,437,888.36, reflecting a growth of approximately 11.7%[16] - Investment activities generated a net cash flow of ¥38,078,077.48, compared to -¥24,462,591.66 in the previous period, indicating a positive turnaround[26] - The company achieved a total cash inflow from financing activities of ¥704,000,000.00, compared to ¥950,060,264.48 in the previous period, reflecting a decrease in financing[27] Operational Metrics - The company reported a significant increase in accounts receivable, which rose by 87.92% to ¥35,494,177.74 due to increased hotel consumption[9] - The average daily rate (ADR) for the hotels increased by 10% year-over-year, reaching RMB 500 in Q1 2022[29] - The company achieved an occupancy rate of 70% in Q1 2022, up from 65% in the same period last year[29] Strategic Initiatives - Huazhu Group plans to open 300 new hotels in 2022, expanding its footprint in both urban and suburban markets[29] - The company has invested RMB 200 million in technology upgrades to enhance customer experience and operational efficiency[29] - Huazhu Group is exploring potential acquisitions to strengthen its market position and diversify its offerings[29] - Huazhu Group is focusing on sustainability initiatives, aiming to reduce energy consumption by 15% across its properties by 2025[29] Revenue and Growth Expectations - Huazhu Group reported a total revenue of RMB 4.5 billion for Q1 2022, representing a year-over-year increase of 15%[29] - The company expects a revenue growth of 20% for the full year 2022, driven by increased travel demand and new hotel openings[29] - The company incurred total sales expenses of ¥4,274,587.22, a slight decrease from ¥4,609,566.42 in the previous period[20] - Total management expenses were ¥75,285,033.71, down from ¥80,991,956.77 in the previous period, showing cost control efforts[20]