JINLING HOTEL(601007)2024-11-21 10:21Group 1: Investor Relations Activity - The investor relations activity included a performance briefing and a Q&A session with investors [2] - The event took place on November 21, 2024, from 10:00 to 11:00 at the Shanghai Stock Exchange Roadshow Center [2] - Key company representatives included the General Manager, Zhang Shengxin, and other board members [2] Group 2: Financial Performance - In the first half of 2024, the company achieved a revenue of 905 million yuan, representing a year-on-year increase of 2.04% [3] - The net profit attributable to shareholders was 23.192 million yuan, showing a year-on-year decrease of 25.62% [3] - The decline in profit was primarily due to the impact of the cancellation of property tax and land use fee exemptions, as well as the market cultivation period for newly opened hotels [3] Group 3: Future Development and Strategy - The company aims to focus on high-quality development, strengthening its hotel business, enhancing brand building, and driving innovation [3] - Plans include implementing a "Renewal Plan" to optimize hotel chain layout and developing a multi-brand strategy [3] - The company will also enhance core product research and deepen supply chain integration and marketing channel expansion [3] Group 4: Cash Flow and Financial Management - In the first three quarters of 2024, the net cash generated from operating activities was 55.4784 million yuan, a decrease of 82.61% compared to the previous year [3] - Investment activities resulted in a net cash outflow of -5.7672 million yuan, primarily due to reduced net outflow from financial investments [3] - The company has implemented a market value management system to improve investor communication and engagement [3]