君亭酒店(301073) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥160,810,828.23, representing a 50.23% increase compared to the same period last year and a 61% increase compared to Q3 2019[5]. - Total revenue for Q3 2023 reached ¥381,523,384.08, a significant increase of 54% compared to ¥247,511,077.40 in Q3 2022[35]. - Operating profit for Q3 2023 was ¥40,582,791.24, up from ¥34,167,076.59 in the same period last year, reflecting a growth of approximately 19%[36]. - Net profit for Q3 2023 was ¥33,298,500.70, compared to ¥28,329,361.74 in Q3 2022, representing an increase of about 17%[36]. - The company reported a gross profit margin of approximately 41% for Q3 2023, compared to 36% in Q3 2022, indicating improved profitability[35]. - The total comprehensive income for the third quarter was CNY 33,298,500.70, compared to CNY 28,329,361.74 in the previous year, representing an increase of approximately 17.5%[37]. Cash Flow - The net cash flow from operating activities for the first nine months of 2023 was ¥145,001,948.89, reflecting a 106.96% increase year-on-year[9]. - The company's cash flow from operating activities for the first nine months of 2023 was ¥145,001,948.89, a 106.96% increase from ¥70,063,131.35 in the same period of 2022, driven by increased cash inflow from higher operating revenue[20]. - The cash inflow from operating activities totaled CNY 431,832,554.38, compared to CNY 274,352,444.82 in the previous year, reflecting an increase of approximately 57.3%[38]. - The company's cash and cash equivalents decreased to ¥516,582,751.82 from ¥678,101,129.60, a decline of approximately 24%[32]. - The company's net cash flow from investing activities was -CNY 128,508,038.46, worsening from -CNY 70,688,703.82 in the previous year[40]. - The company reported a net increase in cash and cash equivalents of -CNY 161,518,377.78 for the period, compared to -CNY 107,919,398.65 in the previous year[40]. Hotel Operations - The average occupancy rate for direct-operated hotels was 69.79%, an increase of 8.83% year-on-year, surpassing the 2019 level[9]. - The average daily room rate (ADR) was ¥530, up 26.43% year-on-year and 24.61% compared to 2019[9]. - Revenue per available room (RevPAR) increased to ¥369.89, a growth of 44.75% year-on-year and 25.24% compared to 2019[9]. - The company signed 15 new hotels and opened 17 hotels in the reporting period, including three direct-operated hotels under the Junting brand[10]. - The total number of hotels under the group reached 388, with the number of rooms exceeding 80,000[11]. - The total number of hotels as of September 30, 2023, is 388, comprising 213 opened hotels with 41,785 rooms and 175 hotels under construction with 38,369 rooms, indicating a 60.82% share of opened hotels[14]. Investments and Assets - The company's fixed assets increased by 89.72% to ¥14,544,807.28, attributed to the opening of new direct-operated hotels[15]. - The company's inventory surged by 825.86% to ¥8,282,036.53, mainly due to increased operating revenue and the opening of new hotels[14]. - The company's long-term receivables decreased by 75.52% to ¥54,262,444.29, primarily due to the early termination of certain properties classified as financing leases[15]. - The company's rental liabilities increased by 41.15% to ¥1,139,154,773.00, reflecting the addition of new hotel lease properties[15]. - The company's total assets as of September 30, 2023, amounted to ¥2,428,288,386.79, up from ¥2,022,218,279.60 at the beginning of the year, indicating a growth of approximately 20%[33]. Shareholder Information - The company issued 13,236,046 shares in a private placement, accounting for 6.8069% of the total share capital after issuance, with a lock-up period of 6 months starting from July 6, 2023[28]. - The number of restricted shares held by Wu Qiyuan increased to 65,977,030 shares after a release of 21,992,343 shares[26]. - The total number of restricted shares held by Cong Bo increased to 26,357,905 shares after a release of 8,785,968 shares[26]. - The total number of restricted shares held by Shi Chunning increased to 13,993,383 shares after a release of 4,664,461 shares[26]. - The company reported a significant reduction in shareholding by some directors and senior management, with over half of their shares being sold[29]. Expenses and Liabilities - The company's sales expenses rose by 85.79% to ¥28,353,954.67, corresponding to increased commissions and related expenses due to higher operating revenue[18]. - The company's total liabilities increased significantly, with accounts payable rising by 136.28% to ¥67,112,126.40, primarily due to the transfer of construction projects and increased payable engineering costs[15]. - Current liabilities increased to ¥307,995,830.55 from ¥239,133,241.68, marking an increase of about 29%[33]. - The total cash outflow from financing activities was CNY 181,512,288.21, compared to CNY 107,293,826.18 in the previous year, indicating an increase of approximately 69%[40].