Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 13,777.7 million, a significant increase of 48.5% from RMB 9,261.5 million in 2021[2] - The operating profit for the year was RMB 593.5 million, compared to an operating loss of RMB 1,444.3 million in the previous year[2] - Adjusted EBITDA rose to RMB 2,344.9 million, up from RMB 213.1 million in 2021, indicating a strong recovery[2] - The loss attributable to shareholders decreased to RMB 544.9 million from RMB 2,718.6 million in 2021, reflecting improved financial performance[2] - The total revenue for the year ended December 31, 2022, was RMB 12,011.4 million, an increase of 108.5% compared to RMB 5,763.4 million in 2021[10] - The company successfully achieved a free cash flow of RMB 1,784.8 million, a 213.1% increase from 2021[11] - The company reported a net loss of RMB 531.8 million for 2022, an improvement from a net loss of RMB 2,787.5 million in 2021[53] - The net loss for the year narrowed to RMB 531.79 million, significantly improved from a net loss of RMB 2,787.45 million in 2021, reflecting a reduction of approximately 81%[62] Revenue Breakdown - The revenue from resort and tourism destination operations reached RMB 10,405.7 million, up 69.5% from RMB 6,140.2 million in 2021[2] - Club Med recorded a revenue of RMB 12,011.4 million in 2022, representing a growth of 108.4% compared to 2021, nearly recovering to 99.1% of 2019 levels[5] - The revenue from the Europe, Africa, and Middle East region reached RMB 7,974.7 million, a growth of 116.2% compared to 2021[11] - The revenue from the Asia-Pacific region increased by 110.4% compared to 2021, although it still showed a 48.3% gap compared to 2019[11] - Revenue from tourism-related property sales and construction services decreased to RMB 1,336.1 million in 2022, down from RMB 2,136.9 million in 2021[36] - Revenue from leisure services and solutions increased to RMB 2,035.926 million from RMB 984.361 million, a growth of 106.8%[83] Operational Metrics - The average occupancy rate across resorts was approximately 60.9%, an increase of 5.6 percentage points from 2021[5] - The total capacity of resorts reached 11,325.1 thousand, up from 6,979.0 thousand in 2021, reflecting a significant recovery in operations[10] - The average occupancy rate for beds was 60.9%, an increase from 55.3% in 2021[10] - The Americas region saw a strong recovery with revenue growth of 88.7% compared to 2021 and 33.1% compared to 2019[10] - The average daily room rate for the six months ended June 30, 2022, was RMB 2,479, slightly up from RMB 2,478 in 2021[18] - The average daily room rate and occupancy rate were highlighted as key performance metrics for the resorts[113] Customer Engagement - The company recorded a total of 1,304 thousand customers for the year ended December 31, 2022, compared to 795 thousand in 2021[9] - The cumulative booking volume as of March 11, 2023, for the six months ending June 30, 2023, increased by 35.6% compared to the same period in 2022[14] - The cumulative booking volume for the second half of 2023 is expected to increase by approximately 23.4% compared to the same period in 2022[14] Capital Expenditure and Investments - As of December 31, 2022, the capital expenditure for resort operations was approximately RMB 600.1 million, an increase of about 111.0% compared to the same period in 2021, but a decrease of 13.0% compared to 2019[14] - Capital expenditures increased from RMB 914.3 million in 2021 to RMB 1,217.6 million in 2022, primarily for resort development and upgrades[54] - The company plans to open 17 new resorts or spaces by the end of 2025, expecting an overall capacity increase of 20.0% or more compared to 2022[15] Strategic Initiatives - The company has implemented a "Goodbye Plastic" initiative to eliminate single-use plastics and enhance its ESG commitments[13] - The company plans to upgrade and expand facilities in several resorts, including those in China and Spain, to enhance customer satisfaction[11] - The company is focused on expanding its FOLIDAY ecosystem, which offers a range of travel and leisure-related services[111] - The company is enhancing its digital solutions to improve guest and employee experiences through digitalization initiatives[112] Governance and Management - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[98] - The board of directors has undergone changes, with a new chairman and co-CEO appointed as of November 7, 2022[99] - The annual general meeting is scheduled for May 26, 2023, with notifications to be sent to shareholders[104] Market Trends and Challenges - The revenue from the Asia-Pacific region decreased by 48.3% compared to 2019, primarily due to ongoing travel restrictions[5] - Revenue from Sanya Atlantis decreased to RMB 877.2 million in 2022, a decline of 39.7% from 2021, with an average occupancy rate of 43.0%[17] - The company continues to invest in its digital platform to enhance service quality and profitability, distinguishing itself from other online travel agencies in Europe[32]
复星旅游文化(01992) - 2022 - 年度业绩