Junting Hotel (301073): High revenue growth in the first quarter, expectations for subsequent profit release
Event: The company released its 2023 annual report and 2024 quarterly report. The company achieved revenue of 534 million yuan in 2023, YoY +56.16%; net profit to mother of 30.52 million yuan, YoY +2.6%
Junting Hotel (301073): Centralized store opening costs were pressured in 23 years, 24Q1 core store operations improved
Incident: The company disclosed its '23 report & '24 quarterly report. 1) In '23, the company achieved revenue of 534 million yuan/ +56% (year-on-year, same below), net profit to mother of 31 million yuan/ +2.6%, net profit not attributable to mother of 0.2 million yuan
Junting Hotel (301073): Outstanding revenue and REVPAR performance, high quality products+operating model worth looking forward to
Core view The company's active hotel RevPAR increased significantly in 2023 and 24Q1, both of which achieved sharp increases in volume and price compared to the same period in 2019. The 2023 performance side was affected by some property leasing guidelines. New opening in 2023
Junting Hotel (301073): The management side reached a record high, demonstrating strong brand strength, and further deepening the store layout
Incident: Jun Ting Hotel released its 2023 Annual Report and 2024 Quarterly Report. The company achieved consolidated revenue of 534 million yuan in 2023, an increase of 56.16% over the previous year, and achieved net profit of 30.52 million yuan to mother
Junting Hotel (301073): Plans to open 63 new stores throughout the year, ADR maintains high growth
Incident: Junting Hotel released its 2023 annual report and 2024 quarterly report. Among them, the full year of 2023 achieved revenue of 534 million yuan/ +56.2%, net profit attributable to mother of 31 million yuan/ +2.6%, net profit not attributable to mother
Minsheng Securities released a research report on April 26 stating that it gave Junting Hotel (301073.SZ) a recommended rating. The main reasons for the rating include: 1) Junting Hotel released its 2023 annual report and 2024 quarterly report; 2) the bus
Minsheng Securities released a research report on April 26 stating that it gave Junting Hotel (301073.SZ) a recommended rating. The main reasons for the rating include: 1) Junting Hotel released its 2023 annual report and 2024 quarterly report; 2) the business recovery performance was outstanding, and Junlan's efforts were steady; 3) the performance of the store expansion was in line with expectations, and strategic cooperation helped complement each other's resources. (Mainichi Keizai Shimbun)
Junting Hotel (301073): High revenue growth shows potential investment period performance to be released
Guide to this report: The 2024Q1 financial report fell short of expectations. The climbing period and start-up costs of direct-run stores dragged down performance, but high revenue growth showed the potential to release performance in the future. Investment highlights: Performance falls short of expectations. Considering direct-run stores, you still need to climb a hill
Junting Hotel (301073): Continued impressive revenue, focus on profit repair elasticity
Core view: The company released its 23 annual report and its quarterly report for '24: (1) Year 23: revenue of 530 million yuan, up 56.2%, up 39.9% from year 19; net profit to mother of 30.52 million yuan, an increase of 2.6%
Express News | Junting Hotel: Net profit of 4.66 million yuan to mother in the first quarter, up 13.94% year-on-year
Junting Hotel (301073): Off-season performance is basically in line with expectations; peak season combined with direct-run stores climbing is worth looking forward to
Key investment events: 23Q4/24Q1 off-season results are basically in line with expectations. Achieved revenue of $534 million in 2023, +56.2% YoY; net profit attributable to mother was $31 million, +2.6% YoY; withheld
Junting Hotel (301073): Plans to open/sign new contracts in 24 years/63 new contracts, looking forward to opening new direct-run stores to climb the slope
The company 23 achieved revenue of 534 million yuan/yoy +56% for the whole year, +40% compared to 2019, and realized net profit of 31 million yuan/yoy +2.6%, and -58% compared to 19, net profit of zero net profit of non-return to mother.
Express News | Junting Hotel: Jiande Aviation Town Junlan Resort is a low-altitude free flight themed hotel
Dongwu Securities: Steady increase in domestic travel, significant restoration of outbound travel
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the Ctrip report showed that the popularity of travel during the “May 1st” holiday this year increased steadily from last year's high level. Domestic long-distance travel orders accounted for 56% on the Ctrip platform. Ctrip Car Rental's domestic car rental and self-driving orders increased 40% year over year. The characteristics of long-distance tours and self-driving tours are remarkable. The number of “May Day” outbound travelers increased by about 370% year on year; the popularity of outbound air ticket searches increased sharply by 56% year on year, and inbound travel reservation orders increased 130% year over year. In the first half of April, the number of overseas local guide orders on the Ctrip platform increased 60% year-on-year. It is expected during the “May 1st” period
The travel sector fluctuated and increased. Lingnan Holdings rose more than 7%, while Lijiang Shares, Mount Emei A, Zhongxin Travel, Junting Hotel, and Guilin Travel followed suit.
The travel sector fluctuated and increased. Lingnan Holdings rose more than 7%, while Lijiang Shares, Mount Emei A, Zhongxin Travel, Junting Hotel, and Guilin Travel followed suit.
The hotel and restaurant sector declined at the beginning of the market. Food in Xi'an fell by more than 9%, tourism in Xi'an fell by more than 8%, Junting Hotel fell by more than 7%, and Quanjude, Jinling Hotel, and Jinjiang Hotel followed suit.
The hotel and restaurant sector declined at the beginning of the market. Food in Xi'an fell by more than 9%, tourism in Xi'an fell by more than 8%, Junting Hotel fell by more than 7%, and Quanjude, Jinling Hotel, and Jinjiang Hotel followed suit.
The tourist hotel sector fell rapidly, and Junting Hotel fell more than 10% in the afternoon
The tourist hotel sector fluctuated and fell in the afternoon. Junting Hotel fell by more than 10%, Huatian Hotel and Dalian Shengya hit a halt. In addition, many stocks such as Xi'an Food, Xi'an Travel, and Zhangjiajie fell by more than 8%.
The hotel restaurant sector declined at the beginning. Huatian Hotel fell more than 5%, while Xi'an Catering, Junting Hotel, Quanjude, and Jinling Hotel followed suit.
The hotel restaurant sector declined at the beginning. Huatian Hotel fell more than 5%, while Xi'an Catering, Junting Hotel, Quanjude, and Jinling Hotel followed suit.
The cultural tourism sector bucked the trend at the end of the session. Huatian Hotel went up and down, Junting Hotel surged 8%, and Changbai Mountain, Mount Emei A, and Jinling Hotel followed suit.
The cultural tourism sector bucked the trend at the end of the session. Huatian Hotel went up and down, Junting Hotel surged 8%, and Changbai Mountain, Mount Emei A, and Jinling Hotel followed suit.
The A-share hotel and restaurant sector fluctuated downward. Tongqing Tower fell nearly 4%, while Jinling Hotel, Quanjude, Huatian Hotel, Xi'an Catering, and Junting Hotel followed suit.
The A-share hotel and restaurant sector fluctuated downward. Tongqing Tower fell nearly 4%, while Jinling Hotel, Quanjude, Huatian Hotel, Xi'an Catering, and Junting Hotel followed suit.
Express News | China Aviation Securities: Focus on the three main investment lines in the hotel industry
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