Gelonghui, December 25 | Sinolink's Research Reports indicate that Shanghai Jin Jiang International Hotels (600754.SH) has acquired 38%, 32%, and 38% of the shares of three fully-owned subsidiaries, Plateno, Lavanda, Xana, and Coffetel, at prices of 1.101/0.29/0.324 billion yuan respectively. After the acquisition, it will hold 95% equity in each of the three symbol companies. The three symbol companies operate a considerable number of hotels with good performance, especially Lavanda which has over a thousand stores and a net margin exceeding 30%, which will enhance the company's performance. If the estimated net profit level for 2023 is taken into account, this acquisition and the subsequent cancellation of the remaining 5% equity is expected to increase the company's performance by approximately 0.146 billion yuan. Considering the completion of this acquisition, the estimated net profit attributable to the parent company for 2024-2026 is projected to be 1.2/1.43/1.74 billion yuan, corresponding to PE ratios of 23.4/19.7/16.1X, maintaining a 'Buy' rating.