Shang Hai Zheng Quan Bao·2025-10-31 05:00Core Points - The company reported a decrease in total assets and liabilities, while net assets increased by 2.81% compared to the end of the previous year [8] - The company achieved a net profit of 37,539 million yuan in the third quarter, representing a 45.45% increase year-on-year [8] - The company continues to focus on market-oriented reforms and international development, aiming to enhance its global competitiveness [7] Financial Performance - For Q3 2025, the company recorded total revenue of 371,476 million yuan, a decline of 4.71% year-on-year [8] - The net profit attributable to shareholders for the first nine months of 2025 was 74,606 million yuan, down 32.52% from the previous year [8] - The operating cash flow for the first nine months decreased by 19.58% to 278,976 million yuan [8] Hotel Business Overview - In Q3 2025, the hotel business generated revenue of 366,457 million yuan, down 4.54% year-on-year [10] - The full-service hotel segment saw a revenue increase of 5.76%, while the limited-service hotel segment experienced a decline of 4.70% [10] - As of September 30, 2025, the company had a total of 14,008 operating hotels, with a total of 1,356,932 rooms [11] Regional Performance - Revenue from the mainland China operations in Q3 2025 was 264,410 million yuan, an increase of 2.18% year-on-year [10] - Revenue from overseas operations decreased by 18.44% to 102,047 million yuan [10] - The mainland China operations accounted for 72.15% of total hotel revenue [10] Food and Beverage Business - The food and beverage segment reported revenue of 5,019 million yuan in Q3 2025, a decrease of 15.29% year-on-year [14] - For the first nine months of 2025, the food and beverage segment's revenue was 15,378 million yuan, down 14.93% from the previous year [15] Shareholder Information - The company’s major shareholder, Jin Jiang International Hotel Group, plans to increase its stake in the company by acquiring between 9 million and 18 million B shares [16] - As of September 30, 2025, Jin Jiang Hong Kong held 15,270,030 B shares of the company [16] Corporate Governance - The company held a board meeting on October 30, 2025, where it approved the Q3 report and amendments to the company’s articles of association [18] - The amendments included a reduction in registered capital due to the cancellation of 1,120,360 shares from the repurchase account [20]