锦江酒店: 锦江酒店2024年年度股东大会会议材料

Core Viewpoint - The company is focusing on high-quality development and digital transformation while expanding its hotel operations both domestically and internationally, aiming to enhance its competitive edge in the hotel industry [5][19][24]. Financial Performance - In 2024, the company achieved consolidated operating revenue of 14.06 billion yuan, a decrease of 4% year-on-year [5]. - The operating profit was 1.69 billion yuan, down 6.07% from the previous year, while the net profit attributable to shareholders was 911 million yuan, reflecting a decline of 9.06% [5]. - The net cash flow from operating activities was 3.56 billion yuan, a decrease of 31% compared to the previous year [5][6]. Hotel Business Overview - The hotel business generated consolidated operating revenue of 13.82 billion yuan, a decline of 4.02% year-on-year, but the operating profit increased by 2.3% to 1.67 billion yuan [7]. - The full-service hotel segment saw a significant revenue increase of 49.57%, while the limited-service hotel segment experienced a revenue decline [7][10]. - As of December 31, 2024, the company had a total of 13,416 hotels in operation, with a total of 1,290,988 rooms [9]. Expansion and Development - The company opened 1,515 new hotels in 2024, resulting in a net increase of 968 hotels [8]. - The company is actively pursuing digital transformation and enhancing its operational efficiency through various technological initiatives [16][25]. - The company plans to achieve operating revenue of 14.3 to 15 billion yuan in 2025, with a growth target of 2% to 7% [24]. Market Trends and Industry Outlook - The hotel industry in China is experiencing steady growth, with a rising trend in brand and chain hotel development [19][20]. - The domestic tourism market is recovering, with significant increases in both domestic travel and inbound tourism [21][22]. - The company aims to leverage the growing demand for mid-to-high-end hotels and expand its market share in the competitive landscape [19][20].