Sinolink's Research Reports indicate that Shanghai Jin Jiang International Hotels (600754.SH) subsidiary Plateno acquired 38%, 32%, and 38% shares of three symbol companies, Lavanda, Xana, and Coffetel, at transaction prices of 1.101/0.29/0.324 billion yuan respectively. After the acquisition, 95% equity will be held in each of the three symbol companies. It is believed that these three symbol companies operate a large number of hotels and perform well, especially Lavanda with over a thousand stores and a net margin exceeding 30%, which will enhance the company's performance. Based on the net profit level estimated for 2023, this acquisition and the subsequent cancellation of the remaining 5% equity are expected to enhance the company's performance by approximately 0.146 billion yuan. Considering the completion of this acquisition, it is estimated that the net profit attributable to parent for 2024E~2026E will be 1.2/1.43/1.74 billion yuan, corresponding to PE ratios of 23.4/19.7/16.1X, maintaining a "Buy" rating.