According to Zhitong Finance App News, First Travel Hotel (600258.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 7.793 billion yuan, an increase of 53.10%; net profit attributable to shareholders of listed companies was 795 million yuan, turning a year-on-year loss into a profit; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 719 million yuan, which turned a year-on-year loss into a profit; basic earnings per share were 0.7120 yuan/share.
Profit distribution plan: Based on the total share capital on December 31, 2023, it is proposed to distribute 0.22 yuan (tax included) per share. The company will not transfer the share capital from the capital reserve fund at this time.
In 2023, the domestic macroeconomy picked up, and demand for business travel and leisure travel was rapidly released. In the first half of the year, the company seized strong recovery opportunities in the hotel market and achieved a sharp year-on-year loss and profit; in the third quarter, domestic leisure travel demand was high, and the company seized the peak summer sales season and took more measures to achieve a significant increase in hotel business performance; entering the traditional low season in the fourth quarter, the company continued to improve quality and efficiency to promote operations, and the hotel RevPAR achieved a steady recovery. During the reporting period, the company's RevPAR for all hotels excluding light-managed hotels was 173 yuan, an increase of 65.1% over 2022, and recovered to 106.5% in the same period in 2019.