锦江酒店(600754) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,206,217,975.61, representing a 6.77% increase compared to CNY 2,922,258,057.55 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2024 was CNY 189,885,897.98, a significant increase of 34.56% from CNY 130,254,102.66 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 31.19% to CNY 62,319,446.83 from CNY 92,223,402.75 in the same period last year[3]. - Basic earnings per share for Q1 2024 increased to CNY 0.1775, up 34.56% from CNY 0.1319 in the same period last year[5]. - The weighted average return on equity for Q1 2024 was 1.13%, an increase of 0.31 percentage points compared to 0.82% in the previous year[5]. - Operating profit for the same period was RMB 33,198 million, up 28.08% year-on-year[15]. - Net profit attributable to shareholders reached RMB 18,989 million, an increase of 34.56% year-on-year[15]. - The company reported a total comprehensive income of CNY 272,319,966.62 for Q1 2024, compared to CNY 204,612,883.41 in Q1 2023, reflecting a growth of 33.0%[31]. Cash Flow and Assets - The net cash flow from operating activities for Q1 2024 was CNY 1,018,979,657.96, down 26.90% from CNY 1,312,570,255.48 in the previous year[3]. - The company's cash and cash equivalents stood at approximately 10.56 billion CNY as of March 31, 2024, compared to 10.29 billion CNY at the end of 2023[25]. - The company's current liabilities included accounts payable of approximately 1.67 billion CNY, an increase from 1.45 billion CNY in the previous year[26]. - The company experienced a net cash outflow from investing activities of approximately CNY 333.42 million in Q1 2024, compared to a net outflow of CNY 117.99 million in Q1 2023[34]. - Cash and cash equivalents at the end of Q1 2024 totaled CNY 8.72 billion, up from CNY 6.61 billion at the end of Q1 2023, representing a 31.9% increase[34]. - The company's total assets amounted to 50.45 billion CNY, a slight decrease from 50.59 billion CNY at the end of 2023[26]. Hotel Operations - The hotel business generated consolidated operating revenue of RMB 314,427 million, a year-on-year increase of 6.78%[16]. - A total of 222 new hotels opened, while 75 hotels exited, resulting in a net increase of 147 hotels[16]. - The company has signed contracts for a total of 16,701 hotels, with a total of 1,578,843 rooms as of March 31, 2024[19]. - The revenue from hotels in mainland China was RMB 225,992 million, reflecting a growth of 7.04% year-on-year[16]. - The total number of operating hotels across all segments reached 12,595, with a net increase of 147 hotels in Q1 2024[36]. - The company opened 141 new mid-range hotels in Q1 2024, bringing the total number of operating mid-range hotels to 7,384 as of March 31, 2024[36]. Revenue and Costs - Total operating costs for Q1 2024 were CNY 3,170,836,057.19, up from CNY 2,924,683,360.89 in Q1 2023, reflecting a rise of 8.4%[30]. - The company's total liabilities decreased to CNY 32,816,487,136.76 in Q1 2024 from CNY 33,226,463,405.30 in Q1 2023, a reduction of 1.2%[30]. - Shareholders' equity increased to CNY 17,632,373,591.59 in Q1 2024, up from CNY 17,360,573,449.63 in Q1 2023, indicating a growth of 1.6%[30]. - The food and beverage business generated consolidated revenue of 61.95 million CNY in Q1 2024, reflecting a growth of 6.42% compared to the same period last year[24]. Performance Metrics - The average room rate for full-service hotels in Q1 2024 was 500.09 CNY, compared to 472.31 CNY in Q1 2023, while the average occupancy rate decreased to 41.91% from 46.89%[21]. - The RevPAR (Revenue per Available Room) for full-service hotels in Q1 2024 was 209.59 CNY, down 5.36% year-on-year[21]. - The average occupancy rate for mid-range hotels in Q1 2024 is 63.35%, a decrease of 2.42% compared to Q1 2023[39]. - The average room price for mid-range hotels in Q1 2024 is RMB 262.85, showing a slight decrease of 0.76% year-over-year[39]. - The average occupancy rate for economy hotels in Q1 2024 is 53.42%, down by 1.90% compared to Q1 2023[39]. - The average room price for economy hotels in Q1 2024 is RMB 170.56, reflecting a slight increase of 0.14% year-over-year[39].