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首旅酒店(600258):25Q2归母净利稳健增长 持续推进中高端及轻资产开店
Xin Lang Cai Jing· 2025-09-02 08:28
Group 1 - The company reported a revenue of 3.661 billion yuan for H1 2025, a year-on-year decrease of 2%, while the net profit attributable to shareholders was 397 million yuan, an increase of 11% year-on-year [1] - The gross profit margin for H1 2025 was 38.3%, an increase of 0.76 percentage points year-on-year, with expense ratios for sales, management, R&D, and finance at 8.04%, 11.2%, 0.8%, and 3.98% respectively, showing a mixed trend [1] - The company opened 664 new stores in H1 2025, a year-on-year increase of 17.1%, with 378 of these being standard managed hotels, representing a 39.5% increase year-on-year [1] Group 2 - In Q2 2025, the overall hotel RevPAR was 143 yuan, a year-on-year decrease of 6%, with an ADR of 225 yuan, down 3% year-on-year, and an occupancy rate of 63.9%, down 2 percentage points year-on-year [2] - The company forecasts revenues of 8 billion yuan, 8.3 billion yuan, and 8.6 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 3%, 4%, and 4% [2] - The net profit attributable to shareholders is projected to be 910 million yuan, 1.02 billion yuan, and 1.12 billion yuan for the same years, with year-on-year growth rates of 13%, 12%, and 10% [2]