Overview

Shanghai Jin Jiang International Hotels (Group) Company Limited is principally engaged in star-rated hotel operation and management, budget hotel operation, and franchising, restaurant operation and other businesses. The Company is a horizontally integrated hospitality services provider, offering hospitality services tailored to all segments ranging from budget accommodation to five-star hotels. As of October 31, 2006, the total number of hotels in operation and under development, including hotels in which the Company held hotel interests and that were managed by the Company; hotels in which it held hotel interests but that were managed by third parties; hotels owned by third parties and managed, or where management contracts had been secured, by the Company, and hotels owned by third parties and granted franchises to by the Company, amounted to 263, with approximately 51,588 total rooms altogether.

Financials (In thousands of RMB)

Income Statement

Annual (2005)

Annual (2004)

Annual (2003)
Turnover

 2,807,670

 2,372,992

 1,614,994
Profit/(Loss) Before Taxation

 582,484

 376,442

 (41,604)
Taxation

 (168,330)

 (121,489)

 (11,823)
Profit/(Loss) After Taxation

 414,154

 254,953

 (53,427)
Minority Interests

 101,318

 75,846

 23,540
Profit/(Loss) Attributable to Shareholders

 312,836

 179,107

 (76,967)
Dividends

 (146,140)

 -

 -
Profit/(Loss) After Taxation and Dividends

 166,696

 179,107

 (76,967)
Earnings/(Loss) Per Share: Basic

 9.48

 5.43

 (2.33)
Balance Sheet

Non-Current Assets

 5,673,120

 4,289,464

 4,287,153
Current Assets

 1,270,683

 2,495,325

 2,658,652
Current Liabilities

 1,433,863

 2,586,149

 3,225,927
Net Current Assets/(Liabilities)

 (163,180)

 (90,824)

 (567,275)
Non-Current Liabilities

 1,272,412

 151,539

 472,322
Minority Interests - (Dr)/Cr

 901,211

 891,908

 922,388
Net Assets/(Liabilities)

 3,336,317

 3,155,193

 2,325,168
Capital and Reserves:

Share Capital

 724,254

 724,254

 724,254
Reserves

 2,612,063

 2,430,939

 1,600,914
Shareholders' Funds/(Deficits)

 3,336,317

 3,155,193

 2,325,168
Cash Flow Statement
Net cash inflow/(outflow) from operating activities

 917,496

 300,333

 447,576
Net cash inflow/(outflow) from investing activities

 (1,012,495)

 (216,136)

 (585,433)
Net cash inflow/(outflow) from financing activities

 (47,472)

 (266,879)

 105,833
Increase/(decrease) in cash and cash equivalents

 (142,471)

 (182,682)

 (32,024)
Cash and cash equivalents at the beginning of fiscal year

 975,387

 1,158,069

 1,190,093
Cash and cash equivalents at the end of fiscal year

 832,916

 975,387

 1,158,069

 

Key Elements

  • increasing market leadership in the PRC hotel industry
  • refurbishing the Landmark Hotels to fully reflect their intrinsic value and utilising their "uniqueness'' to drive revenue growth
  • strengthening the hotel management standards of the Group and focusing on growing through management contracts and franchising agreements
  • adopting branding policies to facilitate consistent identification of "Jin Jiang'' hotels
  • strengthening its revenue base through MICE and F&B Services
  • exploring and developing overseas markets
  • re-deploying capital to refine the Group's hotel profile and adjust its hotels network so as to enhance future profitability

      •                                                                        Source:  e-finet.com

    Charts

     

    3 Month Chart

    1 Year Chart

    5 Year Chart

                                                                         Source:  BigCharts.com

    News