Revenue Growth - Revenue for the year ended December 31, 2023, reached RMB 17,151.8 million, a 24.5% increase from RMB 13,777.7 million in 2022[2] - The total revenue for 2023 reached RMB 15,122.5 million, a 19.1% increase from RMB 12,691.5 million in 2022[10] - Total revenue for the year ended December 31, 2023, was RMB 17,151,841, an increase from RMB 13,777,710 in 2022, representing a growth of approximately 24.5%[78] - The revenue from travel operations and other services rose to RMB 16,013,881 thousand in 2023, up 28.3% from RMB 12,442,217 thousand in 2022[81] Profitability - The net profit attributable to shareholders for 2023 was RMB 307.2 million, compared to a loss of RMB 544.9 million in 2022[2] - Operating profit surged to RMB 1,806.8 million in 2023 compared to RMB 593.5 million in 2022, marking an increase of approximately 203.5%[61] - Adjusted net profit improved to RMB 394.6 million in 2023 from a loss of RMB 497.3 million in 2022[51] - The company reported a net income of RMB 307,199 thousand for 2023, a significant turnaround from a net loss of RMB 544,900 thousand in 2022[92] Operational Efficiency - Adjusted EBITDA increased to RMB 3,729.9 million in 2023, up from RMB 2,344.9 million in 2022, representing a growth of 58.9%[2] - Operating profit for 2023 was RMB 1,806.8 million, significantly up from RMB 593.5 million in 2022, reflecting improved operational efficiency[45] - The operating loss for the repeat visitor and related business segment improved to RMB 98.6 million in 2023 from RMB 232.9 million in 2022, due to cost savings and reduced inefficient expenditures[46] Market Performance - Club Med's revenue for 2023 was RMB 15,122.5 million, a 19.2% increase from RMB 12,691.4 million in 2022, and 118.3% of 2019 levels[4] - The Americas region saw a revenue growth of 23.5% compared to 2022 and 62.7% compared to 2019[10] - Brazil became the second-largest market by revenue, with a growth of 39.1% from 2022 and 106.8% from 2019[12] - France remained the largest market, contributing RMB 5,685.9 million in revenue, accounting for 37.6% of global revenue, with a growth of 5.8% from 2022[13] Customer Metrics - The number of customers reached 1,518 thousand, a 16.4% increase from 1,304 thousand in 2022[9] - The average occupancy rate for Club Med in 2023 was 70.0%, an increase of 3.5 percentage points from 2022[4] - The average room occupancy rate improved to 70.0%, compared to 66.5% in 2022[10] - The average daily rate per bed was RMB 1,681.2, an increase of 8.5% from RMB 1,549.5 in 2022[10] Capital Expenditure and Investments - Club Med's capital expenditure for resort operations was RMB 665.4 million for the year ending December 31, 2023, a decrease of 10.9% from 2022[15] - Capital expenditures increased to RMB 1,610.7 million in 2023 from RMB 1,217.6 million in 2022, mainly due to investments in the Taicang Alps International Resort and upgrades to existing Club Med resorts[52] Financial Position - Cash and cash equivalents at year-end were approximately RMB 2,992 million, slightly up from RMB 2,984 million in 2022[54] - The total interest-bearing bank and other borrowings amounted to RMB 11,685.3 million as of December 31, 2023, down from RMB 11,961.9 million in 2022[56] - Total assets increased from RMB 37,930.0 million as of December 31, 2022, to RMB 38,622.8 million as of December 31, 2023[58] - The company's total equity decreased to RMB 2,380,300,000 in 2023 from RMB 2,631,097,000 in 2022, a decline of about 9.5%[64] Strategic Initiatives - The company strategically exited the management of Casa Cook and Cook's Club brands in May 2023 to focus on core business development[3] - The company plans to optimize IP operations by incorporating the Taicang and Lijiang projects into its "Vacation Asset Management Center" business segment[22] - The company aims to enhance customer experience through digital solutions, referred to as "Happy Digitalization"[112] - The company has a strong focus on ESG (Environmental, Social, and Governance) initiatives[111] Future Outlook - As of March 2, 2024, cumulative bookings for the first half of 2024 increased by approximately 14% compared to the same date in 2023, and by about 53% compared to 2022[16] - The company plans to continue its market expansion in the Asia-Pacific region, targeting increasing leisure travel demand[112] - The company is currently assessing the impact of recent amendments to accounting standards, with no significant effects anticipated on financial statements[74]
复星旅游文化(01992) - 2023 - 年度业绩