Earnings Call Summary | GreenTree Hospitality(GHG.US) Q4 2023 Earnings Conference
Earnings Call Summary | GreenTree Hospitality(GHG.US) Q4 2023 Earnings Conference
The following is a summary of the GreenTree Hospitality Group Ltd. (GHG) Q4 2023 Earnings Call Transcript:
以下是格林豪泰酒店集團有限公司（GHG）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
GreenTree Hospitality reported a 23.3% year-over-year increase in Hotel RevPAR.
Total revenues reached RMB 372.2 million, reflecting a 3.2% increase, while hotel revenues surged 21.7% to RMB 289.6 million.
The company had a net income of RMB 7.4 million with a margin of 2%.
Adjusted EBITDA was RMB 161.3 million, marking a 2.1% increase with a margin of 31.3%.
Despite increased operating costs and expenses (9% increase), net income exceeded expectations at RMB 21 million.
格林豪泰酒店集團報告稱，酒店的RevPAR同比增長了23.3％。
總收入達到人民幣3.722億元，增長3.2％，而酒店收入激增21.7％，至人民幣2.896億元。
該公司的淨收入爲人民幣740萬元，利潤率爲2％。
調整後的息稅折舊攤銷前利潤爲1.613億元人民幣，增長2.1％，利潤率爲31.3％。
儘管運營成本和支出增加（增長9％），但淨收入仍超出預期，達到2100萬元人民幣。
Business Progress:
業務進展：
GreenTree made strides in restructuring its restaurant business, contributing to a 14% rise in daily sales year-over-year.
Efforts have been made to streamline operations and increase efficiency in both hotel and restaurant sectors.
Individual memberships increased from 78 million to 91 million, and corporate memberships from 1.94 million to 2.05 million.
Expansion in the mid-to-upscale hotel segment continued, especially in Tier 3 and lower cities.
GreenTree anticipates 7%-12% year-over-year growth in 2024 for its organic hotels' total revenues and a 3%-5% increase for combined revenues from its restaurant and organic hotel businesses.
The company plans for a steady growth of 10%-15% in their hotels over the next 3-5 years while also addressing legacy issues from past M&As.
GreenTree is set to close a number of unprofitable locations to concentrate on the growth of franchised stores.
格林豪泰在重組餐飲業務方面取得了長足的進步，使每日銷售額同比增長了14％。
已努力簡化酒店和餐飲業的運營並提高其效率。
個人會員從7800萬增加到9100萬，企業會員從194萬增加到205萬。
中高檔酒店板塊的擴張仍在繼續，尤其是在三線及以下城市。
格林豪泰預計，2024年其有機酒店的總收入同比增長7％-12％，其餐廳和有機酒店業務的總收入將增長3％-5％。
該公司計劃在未來3-5年內實現10％-15％的酒店穩步增長，同時還要解決過去併購的遺留問題。
格林豪泰將關閉一些無利可圖的地點，專注於特許經營門店的發展。
More details: GreenTree Hospitality IR
更多詳情： 格林豪泰酒店 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。