同庆楼净利连降1年3季 2020上市募8.35亿国元证券保荐

Core Insights - The company, Tongqinglou, reported a revenue of 1.896 billion RMB for the first three quarters of 2025, reflecting a year-on-year growth of 1.66% [1] - The net profit attributable to shareholders decreased by 63.79% to 30.20 million RMB, while the net profit excluding non-recurring gains and losses fell by 66.52% to 25.37 million RMB [1][2] - The net cash flow from operating activities increased by 37.41% to 505.76 million RMB [1][2] Financial Performance - For the third quarter, the revenue was approximately 565.59 million RMB, showing a decline of 4.77% compared to the same period last year [2] - The net profit attributable to shareholders for the year-to-date period was 30.20 million RMB, down 63.79% [2] - The basic earnings per share were reported at -0.16 RMB, a decrease of 62.50% [2] Historical Context - Tongqinglou was listed on the Shanghai Stock Exchange on July 16, 2020, with an initial share price of 16.70 RMB and a total fundraising amount of 835 million RMB [3] - The company planned to use the raised funds for new chain hotel projects, raw material processing and distribution bases, and to supplement working capital [3] - In June 2021, the company announced a stock bonus of 3 shares for every 10 shares held and a pre-tax dividend of 1 RMB per share [3]