Core Viewpoint - Jinjiang Hotels reported a decline in revenue and net profit for the first half of 2025, attributing the downturn to weakened market demand and strategic exits from certain hotel properties [1][3]. Financial Performance - The company achieved operating revenue of 6.53 billion yuan, a year-on-year decrease of 5.3% [1] - Net profit attributable to shareholders was 371 million yuan, down 56.3% year-on-year [1] - Excluding non-recurring items, net profit was 409 million yuan, an increase of 5.2% [1] - Operating cash flow net amount was 1.331 billion yuan, a decline of 35.1% year-on-year [1] - In Q2, operating revenue was 3.58 billion yuan, down 2.7% year-on-year, and net profit was 335 million yuan, down 49.1% [1] Hotel Business Performance - The hotel business generated approximately 6.423 billion yuan in revenue, a decrease of 5.14% year-on-year [3] - Net profit from the hotel business was about 240 million yuan, down 66.16% [3] - Domestic hotel revenue was approximately 4.575 billion yuan, down 4.25%, while overseas revenue was about 1.848 billion yuan, down 7.27% [3] - RevPAR for full-service hotels was 215.67 yuan, down 10.23%, and for limited-service hotels was 145.99 yuan, down 5.1% [3] Expansion and Strategic Partnerships - Jinjiang Hotels announced a strategic partnership with Malaysia's RIYAZ Group to expand over 180 hotel projects in Southeast Asia over the next five years [2][5] - The company aims to enhance hotel operational efficiency and management efficiency while expanding into lower-tier markets [1] - As of June 30, 2025, Jinjiang Hotels had a total of 13,796 operating hotels and 1,332,853 guest rooms [4] Southeast Asia Market Strategy - The company is focusing on penetrating high-growth markets in Southeast Asia, including Malaysia, Indonesia, Vietnam, Laos, Cambodia, and the Philippines [5][6] - Jinjiang Hotels plans to establish a self-circulating management mechanism in Southeast Asia, combining local and Chinese teams to enhance operational capabilities [6]

Core Viewpoint - The company reported a decline in key financial metrics for the first quarter of 2025, indicating challenges in the hotel business amidst a complex global economic environment. The company aims to enhance its operational capabilities and maintain a focus on high-quality development. Financial Performance - As of March 31, 2025, total assets amounted to 45.51 billion yuan, a decrease of 1.30% from the previous year. Total liabilities were 29.73 billion yuan, down 2.28%. The net assets attributable to shareholders increased by 0.51% to 15.49 billion yuan [5]. - For Q1 2025, the company achieved operating revenue of 294.16 million yuan, a decline of 8.25% year-on-year. Operating profit fell by 71.71% to 9.39 million yuan, and net profit attributable to shareholders dropped by 81.03% to 3.60 million yuan [5]. - The net cash flow from operating activities was 60.28 million yuan, down 40.84% compared to the same period last year [5]. Hotel Business Overview - In Q1 2025, the hotel business generated consolidated revenue of 288.82 million yuan, a decrease of 8.15% year-on-year. Full-service hotel revenue increased by 31.39% to 5.92 million yuan, while limited-service hotel revenue decreased by 8.72% to 282.90 million yuan [5]. - Revenue from hotels in mainland China was 211.60 million yuan, down 6.37%, while revenue from overseas hotels was 77.22 million yuan, a decline of 12.69% [5]. - The company opened 226 new hotels and closed 129, resulting in a net increase of 97 hotels, bringing the total number of operating hotels to 13,513 with a total of 1,308,751 rooms as of March 31, 2025 [6]. Shareholder Information - The company received a plan from its controlling shareholder to increase its holdings of B shares by no less than 9 million shares and no more than 18 million shares within 12 months [9]. - As of March 31, 2025, the controlling shareholder held 3,769,990 B shares [9]. Stock Repurchase Plan - The company plans to repurchase and cancel 2,625,259 shares of restricted stock due to performance criteria not being met, with a total repurchase amount of approximately 31.11 million yuan [19][29]. - Following the repurchase, the total share capital will decrease to 1,067,418,804 shares [27].