Jinjiang Hotel (600754): More blossoms to help grow and upgrade structure, showing potential
The incident described that in the first quarter of 2024, the company achieved revenue of 3.206 billion yuan, a year-on-year increase of 6.77%; net profit to mother was 190 million yuan, an increase of 34.56%; net profit after deducting non-return to mother was 62 million yuan, a year-on-year decrease
The hotel and restaurant sector fluctuated and increased. Tourism in Xi'an rose by nearly 6%, Xi'an Food and Junting Hotel both rose by more than 2%, while Huatian Hotel, Quanjude, and Jinjiang Hotel followed suit.
The hotel and restaurant sector fluctuated and increased. Tourism in Xi'an rose by nearly 6%, Xi'an Food and Junting Hotel both rose by more than 2%, while Huatian Hotel, Quanjude, and Jinjiang Hotel followed suit.
Express News | Dongwu Securities: Groups that build quality hotels are expected to benefit
Dongwu Securities: The hotel industry has entered the “structural upgrade” logic to recommend targets such as Junting Hotel (301073.SZ)
Dongwu Securities released a research report saying that since 2024, the hotel group's RevPAR performance has been significantly differentiated. At the same time, the overall supply of hotels has been compensated, and the hotel industry has moved from supply logic to a “structural upgrade” logic.
Jinjiang Hotel (600754): Scale expansion drives revenue growth, interest expenses still drag down performance
Event: The company publishes its report for the first quarter of 2024. 24Q1 The company achieved revenue of 3.21 billion yuan/YoY +6.8%, and net profit attributable to mother was 190 million yuan/YoY +34.6%; net profit not attributable to mother
Jinjiang Hotel (600754): Performance is basically in line with expectations, waiting to improve quality and efficiency
Incident: The company released its 2024Q1 quarterly report. 2024Q1 achieved operating income of 3.26 billion yuan/year on year +6.77%, realized net profit of 190 million yuan/year on year +34.56%, after deducting net income from non-return to mother
Jinjiang Hotel (600754) 2024 Quarterly Report Review: Overseas Interest Expenses Drag Down Non-Performance and Revitalize Assets Accelerate
Incident: The company announced its 2024 quarterly report, achieving revenue of 3.26 billion yuan, +6.8% year over year, 96.1% recovery from 19Q1; realized net profit of 190 million yuan, +34.6% year on year, compared to 19
Jinjiang Hotels (600754): 24Q1 revenue increased 6.8% and 222 new businesses were in line with expectations
Event Overview: 24Q1 revenue also increased 6.8%, compared to a recovery of 96% in '19. Performance increased sharply and recovered to 64% in '19. 24Q1 achieved revenue of 3.26 billion yuan/yoy +6.8%, recovering to 1
Jinjiang Hotel (600754): High overseas interest charges are dragging down non-performance and putting pressure on domestic occupancy rates
Jinjiang Hotel released its 2024 quarterly report. 2024Q1 achieved revenue of 3.21 billion yuan/yoy +6.8% /yoyvs 2019Q1 -3.9%; net profit to mother of 190 million yuan/yoy
Jinjiang Hotel (600754): “Revitalizing assets” saw initial results Q1 profit side exceeded expectations
Net profit from the sale of hotel properties in the first quarter exceeded expectations. Direct hotels and overseas interest still need to be optimized. Jinjiang released the 2024Q1 quarterly report. The company achieved revenue of 3.26 billion yuan/yoy +6.77% in 2024Q1, and net profit to mother
Jinjiang Hotel (600754) review for the first quarter of 2024: Overall in line with expectations, optimistic about the results of subsequent reforms
Jin Jiang Hotel released its report for the first quarter of 2024. In 24Q1, the company achieved operating income of 3.26 billion yuan/YOY+6.77pct, -13.3% year-on-year compared with 19Q1; realized net profit to mother 1.
Jinjiang Hotel (600754): Financial expenses dragged down performance, net store opening accelerated year-on-year
Key investment events: On April 29, 2024, Jinjiang Hotel released its 2024 quarterly report. The company achieved revenue of 3.21 billion yuan, +6.8% year over year; net profit to mother was 190 million yuan, +34.6% year on year;
Jinjiang Hotel (600754): 24Q1 operation efficiency is steady and the results of the reform can be expected
Core view The company's net profit to mother increased in 24Q1. The decline in net profit not attributable to mother was mainly due to the increase in interest expenses of overseas companies due to rising interest rates in the Eurozone. The gross margin and cost side were basically stable. 24Q1 Stable operating efficiency, head office
Jinjiang Hotel (600754): Overseas OCCs are under pressure to focus on reforms
Revenue grew steadily year on year, and overseas interest expenses dragged net profit companies to release their first quarterly report. In Q1 2024, revenue of 3.06 billion yuan (yoy +6.77%, qoq -13.04%) was achieved, and net profit of 1.90 billion yuan to mother
Jinjiang Hotel (600754) 2024 Quarterly Report Review: Short-term pressure on domestic operations and overseas drag will not change the long-term positive trend
Incident: Jin Jiang Hotel released its 2024 quarterly report. The company achieved operating income of 3.26 billion yuan in the first quarter of 2024, an increase of 6.77% over the previous year, and realized a net profit of 190 million yuan to mother, an increase of 34.56% over the previous year
Jinjiang Hotel (600754): Higher overseas interest charges put pressure on Q1 performance
Core view: Due to high overseas interest costs and a lackluster recovery in business travel demand due to interest rate hikes in the Eurozone, the company's net profit withheld from the mother in the first quarter of '24 was under pressure. Since the end of '23, internal reforms have been carried out in Jinjiang, which is expected to be resolved after the new coach takes office
Domestic travel boosts Jinjiang hotel reservation rate, China's “May Day” reservation peak is expected to be refreshed again|Financial Report Interpretation
① Jinjiang Hotel achieved revenue of 3.206 billion yuan in the first quarter of this year, up 6.77% year on year; realized net profit of 190 million yuan, up 34.56% year on year; ② On “May 1st” this year, Jinjiang Hotel (China) achieved a comprehensive reservation rate of hotels in popular tourist provinces and cities of nearly 80%.
Jinjiang Hotel (600754.SH) announced first-quarter results, net profit of 190 million yuan, up 34.56% year-on-year
Jinjiang Hotel (600754.SH) released its report for the first quarter of 2024. During the reporting period, the company achieved operating income of 3.206 billion yuan, up 6.77% year on year; net profit attributable to shareholders of listed companies was 190 million yuan, up 34.56% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 62,3194 million yuan, a year-on-year decrease of 31.19%; basic earnings per share were 0.1,775 yuan.
Jinjiang Hotel (600754): Direct management still needs to be improved, capital structure accelerated optimization
Guide to this report: Direct management improvements still have room for improvement, and overseas financial expenses are dragging down performance. With the optimization of the capital structure and the improvement of operational efficiency, operating data and performance are expected to improve sequentially. Investment highlights: In line with expectations. Consider selling a property and increasing the number of properties
Jinjiang Hotel (600754): Revenue growth is steady, and overseas interest is dragging down performance
Core view: The company released its quarterly report for the year 24:24Q1 achieved revenue of 3.21 billion yuan, up 6.8% from 23Q1 and 3.9% from 19Q1; net profit to mother was 190 million yuan, up from 23Q1
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