锦江酒店2025年上半年扣非归母净利润同比增长5.2%

Core Insights - The company reported a revenue of 6.53 billion yuan, a year-on-year decrease of 5.3% [1] - The net profit attributable to shareholders was 371 million yuan, down 56.3% year-on-year [1] - The net profit excluding non-recurring items was 409 million yuan, an increase of 5.2% year-on-year [1] - The net operating cash flow was 1.331 billion yuan, a decline of 35.1% year-on-year [1] Operational Performance - During the reporting period, the company opened 673 new hotels and closed 293, resulting in a net increase of 380 hotels, bringing the total to 13,796 hotels with 1.3329 million rooms by the end of June [1] - The company has a signed hotel reserve of 17,771 hotels, with 663 new limited-service hotels opened, and the franchise model's share increased, with the main brand's new openings accounting for 86%, up 3 percentage points from the previous year [1] Cost Control - The company implemented a flat organizational structure reform, streamlining the domestic limited-service hotel segment into 13 departments and 2 business units, which reduced the management expense ratio to 15.62%, a decrease of 2.66 percentage points year-on-year [1] - The domestic full-service hotel business achieved a revenue of 122 million yuan, an increase of 18.16% year-on-year [1]