华天酒店：上半年归母净亏损约1.07亿元，同比增亏35.46%

Core Viewpoint - Huatian Hotel Group reported a significant decline in revenue and an increase in net losses for the first half of 2025, attributing these changes to market fluctuations, consumer downgrade, and policy changes [1] Financial Performance - The company's operating revenue for the first half of 2025 was approximately 253 million RMB, representing a year-on-year decrease of 17.34% [1] - The net loss attributable to shareholders was around 107 million RMB, which is a year-on-year increase in losses of 35.46% [1] - The net loss after deducting non-recurring items was about 113 million RMB, reflecting a year-on-year increase in losses of 32.08% [1] Revenue Composition - Revenue from the hotel services sector decreased by 19.25% year-on-year [1] - Revenue from asset operations increased by 10.7% year-on-year [1] - Revenue from lifestyle services decreased by 7.24% year-on-year [1]