GreenTree Hospitality Group Ltd. (GHG) Q2 2024 Earnings Call Transcript Summary
GreenTree Hospitality Group Ltd. (GHG) Q2 2024 Earnings Call Transcript Summary
Restaurant revenue decreased as the company repositioned the business and closed underperforming outlets.The following is a summary of the GreenTree Hospitality Group Ltd. (GHG) Q2 2024 Earnings Call Transcript:
下面是格林酒店集團有限公司(GHG) 2024年Q2業績會議調用記錄總結:
Financial Performance:
金融業績：
Q2 2024 total revenue decreased by 20.5% year-over-year to RMB329.7 million.
Hotel revenue decreased by 14.8%, primarily due to a 10.8% decrease in RevPAR, closures of some hotels offset by new openings.
Restaurant revenue decreased as the company repositioned the business and closed underperforming outlets.
Net income decreased by 38.9% to RMB62.3 million, with net margin at 18.9%.
The company revised its 2024 full-year revenue guidance for hotels to remain flat year-over-year.
2024年Q2總營業收入同比下降20.5%至人民幣32970萬。
酒店營業收入同比下降14.8%，主要是由於RevPAR下降了10.8%，部分酒店關閉，但有新開業的酒店抵消了一部分。
由於公司重新定位業務並關閉了不盈利的門店，餐廳收入有所下降。
淨利潤同比下降38.9%至人民幣6230萬，淨利率爲18.9%。
該公司修訂了2024年度酒店全年營業收入預測爲與去年持平。
Business Progress:
業務進展：
Focused on expanding franchise street stores in the restaurant business and achieved profitability.
Continuing strategic shift in hotels to mid-to-upscale segments, particularly in Tier 3 and lower cities.
Membership programs saw growth reaching 96 million individual members and 2.1 million corporate members.
Initiatives to increase profitability include closing unprofitable stores, increasing franchise managed stores, and expanding the number of street stores.
在餐飲業務方面，着重擴展特許經營連鎖街頭門店並實現盈利。
在酒店業務中持續戰略轉型，尤其是在三線及以下城市中的中高端市場。
會員計劃增長達到9600萬個個人會員和210萬企業會員。
提高盈利能力的措施包括關閉虧損門店、增加特許經營門店以及擴大街頭門店數量。
Opportunities:
機會：
Growth in franchised street stores and further expansion in mid-to-upscale hotel segments.
Significant opportunity in strategically focusing on Tier 3 and lower tier cities reflecting a substantial market potential.
特許經營街頭門店的增長和在中高端酒店繼續擴張。
專注於戰略性聚焦三線及以下城市，反映出巨大的市場潛力。
Risks:
風險：
Continued economic recovery challenges impacting discretionary spending.
Market volatility may affect consumer behavior affecting hotel and restaurant revenue.
Strategic risks associated with repositioning underperforming assets and closing unprofitable locations.
持續的經濟復甦挑戰影響了自由支配支出。
市場的波動可能會影響消費者行爲，從而影響酒店和餐廳的收入。
與重新定位不盈利的資產和關閉不盈利的地點有關的戰略性風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
