Core 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]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, attributed to weakened market demand and strategic exits from certain hotel properties, while maintaining a focus on high-quality development and global competitiveness [3][5][9]. Financial Performance - The company achieved consolidated operating revenue of 652,635,000 CNY, a decrease of 5.31% compared to the same period last year [3]. - The net profit attributable to shareholders was 37,067,000 CNY, down 56.27% year-on-year [3]. - The net profit after deducting non-recurring gains and losses was 40,862,000 CNY, an increase of 5.17% year-on-year [3]. - As of June 30, 2025, total assets were 4,566,269,000 CNY, a decrease of 0.97% from the end of the previous year [3]. - Total liabilities were 2,987,934,000 CNY, down 1.8% from the end of the previous year [3]. - The net assets attributable to shareholders were 1,547,995,000 CNY, an increase of 0.46% from the end of the previous year [3]. - The asset-liability ratio was 65.43%, a decrease of 0.56 percentage points year-on-year [3]. Hotel Business Overview - The hotel business generated consolidated operating revenue of 642,276,000 CNY, a decrease of 5.14% year-on-year [5]. - The net profit attributable to the hotel business segment was 23,954,000 CNY, down 66.16% year-on-year [5]. - Revenue from full-service hotels in mainland China was 12,232,000 CNY, an increase of 18.16% year-on-year [9]. - Revenue from limited-service hotels in mainland China was 445,223,000 CNY, a decrease of 4.74% year-on-year [9]. - The company opened 673 new hotels and exited 293, resulting in a net increase of 380 hotels [6]. Operational Developments - As of June 30, 2025, the total number of opened hotels reached 13,796, with a total of 1,332,853 rooms [6]. - The company has signed contracts for a total of 17,771 hotels, with a total of 1,681,446 rooms [7]. - The company is focusing on international expansion and improving operational efficiency through various strategic initiatives [10]. Fundraising and Financial Management - The company raised approximately 4,978,545,167.30 CNY through a non-public offering of shares in 2021 [28]. - As of June 30, 2025, the company had used 304,506,880 CNY of the raised funds, with a remaining balance of 225,636,510 CNY [29]. - The company has implemented strict management protocols for the use of raised funds to ensure compliance and proper allocation [30].

Core Viewpoint - Shanghai Jin Jiang International Hotel Co., Ltd. reported a decline in revenue and net profit for the year 2024, primarily due to a decrease in the performance of its limited-service hotels and challenges in the hospitality market [13][14]. Company Overview - The company operates in the hospitality and catering industry, focusing on full-service and limited-service hotel operations, as well as food and beverage services [5][8]. - As of December 31, 2024, the total number of shares was 1,070,044,063, with a proposed cash dividend of RMB 3.80 per 10 shares [2]. Financial Performance - Total assets as of December 31, 2024, were RMB 46,109.97 million, a decrease of 8.85% from the previous year [9]. - The company reported a total revenue of RMB 14,062.98 million, down 4% year-on-year, and a net profit attributable to shareholders of RMB 911.03 million, a decline of 9.06% [9][13]. - The net profit after deducting non-recurring gains and losses was RMB 539.49 million, a decrease of 30.32% compared to the previous year [9][14]. Business Segments - The hotel business generated revenue of RMB 13,821.99 million, a decrease of 4.02%, while the operating profit increased by 2.3% to RMB 167.46 million [14][15]. - Full-service hotels achieved revenue of RMB 238.31 million, a significant increase of 49.57%, while limited-service hotels reported revenue of RMB 13,582.68 million, down 4.62% [15][16]. - The company opened 1,515 new hotels during the year, resulting in a net increase of 968 hotels [16]. Market Position - The company operates a total of 13,416 hotels with 1,290,988 rooms as of December 31, 2024, with limited-service hotels making up 99.37% of the total [16]. - The revenue from limited-service hotels in mainland China accounted for 69.20% of the total hotel business revenue [15]. Future Outlook - The company aims to enhance its global competitiveness through digital transformation, cost control, and optimizing its operational model [21].