Group 1: Company Overview - Atour is a leading mid-to-high-end hotel chain in China, with a market capitalization of $5.2 billion and a stock price of $37.77[1] - The company operates a light-asset model focusing on management franchises and scenario-based retail monetization[1] - As of Q3 2025, Atour's hotel network expanded from 570 in 2020 to 1,948, with 24 self-operated hotels[2] Group 2: Financial Performance - Revenue for the first nine months of 2025 reached RMB 2.6 billion, a year-on-year increase of 38%, with a net profit of RMB 690 million, up 29%[8] - The hotel business segment generated RMB 1.7 billion, accounting for 65% of total revenue, while retail business revenue grew 76% to RMB 850 million[8] - The company maintains a strong balance sheet with net cash of RMB 5.67 billion, representing 64% of total assets[8] Group 3: Revenue Structure and Growth Drivers - Franchise income and supply chain revenue contribute 52% and 48% to total revenue, respectively[1] - The retail business, centered around the "Atour Planet" brand, saw revenue soar from RMB 300 million in 2021 to RMB 2.5 billion in 2025[7] - Direct booking rates are high at 62.4%, supported by a loyalty program with 108 million members and a 59% repurchase rate[2] Group 4: Market Position and Strategy - Atour's strategic partnership with Ctrip, holding a 13.5% stake, allows it to achieve a low commission rate of 2% while generating 26% of its revenue[2] - The company has diversified its product matrix, reducing reliance on its core pillow product from 90% to 60%[19] - Atour plans to increase dividends and share buybacks, with a payout ratio of 62% and a dividend yield of 2%[19]

Group 1: Company Overview - Atour is a leading mid-to-high-end hotel chain in China, with a market capitalization of $5.2 billion and a stock price of $37.77[1] - The company operates a light-asset model focusing on management franchises and scenario-based retail monetization[1] - As of Q3 2025, Atour's hotel network expanded from 570 in 2020 to 1,948, with 24 self-operated hotels[2] Group 2: Financial Performance - Revenue for the first nine months of 2025 reached RMB 2.6 billion, a year-on-year increase of 38%, with a net profit of RMB 690 million, up 29%[8] - The hotel business generated RMB 1.7 billion, accounting for 65% of total revenue, while retail business revenue grew 76% year-on-year to RMB 850 million[8] - The company maintains a strong balance sheet with net cash of RMB 5.67 billion, representing 64% of total assets[8] Group 3: Revenue Structure and Growth Drivers - Franchise income and supply chain revenue contribute 52% and 48% to total revenue, respectively[1] - The retail segment's revenue surged from RMB 300 million in 2021 to RMB 2.5 billion in the first nine months of 2025, increasing its share from 14% to 36%[7] - The average revenue per available room (RevPAR) has recovered to RMB 371, driven by improved occupancy rates and reduced daily room rate declines[8] Group 4: Market Position and Strategy - Atour's loyalty program, "A-Card," has approximately 108 million members with a repurchase rate of 59%[2] - The company leverages strategic synergies with major shareholder Trip.com, achieving a low commission rate of 2% while generating 26% of its revenue[2] - Atour plans to increase dividends and share buybacks, with a payout ratio of 62% and a dividend yield of 2%[19]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 自願性公告 有關建議收購事項的 合作備忘錄 本公告乃由本公司自願作出，以知會其股東及潛在投資者有關本集團的最新業務 發展。 合作備忘錄 董事會欣然宣佈，於2024年12月11日，訂約方訂立無法律約束力合作備忘錄，據 此，潛在賣方擬出售且潛在買方擬收購該物業，且不附帶任何產權負擔，代價為現 金人民幣5.46億元（相當於約5.84億港元，不含稅）。 合作備忘錄的主要條款： 日期： 2024年12月11日 訂約方： (i) 潛在賣方；及 (ii) 潛在買方。 擬收購的該物業 該物業包括辦公大樓內九(9)層樓的分層辦公單位及一個零售單位，其位於珠海市橫 琴新區信德街28號一個現稱為信德口岸商務中心的綜合用途開發的該項目內，其包 括辦公大樓、酒店、零售和公寓，並位於橫琴口岸北側。該物業的總建築面積約為 14,845平方米。 – 1 – 代價 代價已協定為現金人民幣5.46億元（相當於約5.84億港元，不含稅）。 不 ...