JINJIANG HOTELS(SH:600754) Sou Hu Cai Jing·2025-08-27 17:25Core Insights - Jin Jiang Hotels reported a decline in revenue and net profit for the first half of 2025, with total revenue approximately 6.53 billion yuan, down 5.31% year-on-year, and net profit attributable to shareholders around 370 million yuan, down 56.27% year-on-year [1][2] Financial Performance - The total revenue for the reporting period was 6,526,349,847.97 yuan, compared to 6,892,028,466 yuan in the same period last year [2] - The total profit for the period was 657,679,853.82 yuan, down from 1,255,425,541 yuan year-on-year [2] - The net profit attributable to shareholders was 370,672,566.22 yuan, a decrease from 847,570,586 yuan year-on-year [2] - The net profit after deducting non-recurring items was 408,615,948.50 yuan, up from 388,515,172 yuan year-on-year, indicating a 5.17% increase [2] Hotel Business Performance - Revenue from hotel operations was approximately 6.42 billion yuan, a decline of 5.14% year-on-year, with a net profit of about 240 million yuan, down 66.16% [3] - Revenue from hotels in mainland China was approximately 4.58 billion yuan, down 4.25% year-on-year, while revenue from overseas operations was about 1.85 billion yuan, down 7.27% [3] - The company has been operating at a loss in overseas markets since 2020, with cumulative losses reported from 2020 to 2024 [3] Expansion and Strategic Moves - During the reporting period, Jin Jiang Hotels opened 673 new hotels and exited 293, resulting in a net increase of 380 hotels [3] - The company is pursuing a Hong Kong IPO, which, if successful, would make it the first hotel group in China to be listed in both A-share and H-share markets [4] - The company has faced significant operational pressure, with revenue and profit both declining from 2022 to 2024 [4] Market Performance - As of August 27, Jin Jiang Hotels' stock price fell by 1.75% to 23.05 yuan per share, with a total market capitalization of 24.6 billion yuan [4]