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Beijing First Travel Hotel (Group) Co., Ltd. 2024 Annual Report
Summary of the 2024 Annual Report of Beijing First Travel Hotel (Group) Co., Ltd.
BTG Hotels (600258.SH): The net income for 2024 is 0.806 billion yuan, a year-on-year increase of 1.41%.
Gelonghui on March 28 reported that BTG Hotels (600258.SH) announced its annual report for 2024, with revenue reaching 7.751 billion yuan, a year-on-year decrease of 0.54%; Net income attributable to shareholders of the listed company was 0.806 billion yuan, an increase of 1.41% year-on-year; EPS was 0.7221 yuan. The company intends to distribute 0.36 yuan per share (tax included).
BTG Hotels (600258.SH): Plans to jointly increase the capital of the joint venture company Huanhui Real Estate with related parties in Cash / Money Market.
On March 25, Gelonghui reported that BTG Hotels (600258.SH) announced that the company intends to jointly increase capital in Beijing Huanhui Real Estate Co., Ltd. (referred to as "Huanhui Real Estate" or "symbol company") with the company's controlling shareholder, Beijing Capital Tourism Group Co., Ltd. (referred to as "BTG Group"), and affiliated enterprises under the same controlling party, Wangfujing Group Co., Ltd. (referred to as "Wangfujing"), using Cash / Money Market according to the equity ratio. The total capital increase for Huanhui Real Estate is 3,260 million yuan, and it will repay the shareholder loans previously invested by each shareholder, where the company will contribute to Huanhui Real Estate in cash according to the equity ratio.
Should Weakness in BTG Hotels (Group) Co., Ltd.'s (SHSE:600258) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
BTG Hotels Group established Nuojin International, reshaping the high-end luxury hotel market.
Peking, February 28, 2025 /PR Newswire/ -- Recently, BTG Hotels Group (600258.SH) officially announced the establishment of a wholly-owned subsidiary -- "Nuojin International Hotel Management Co., Ltd." (hereinafter referred to as: Nuojin International), and appointed Mr. Tang Ming as the general manager. As BTG Hotels Group's only high-end luxury brand management platform, Nuojin International will break down existing management barriers, focus on brand operation, technological empowerment, and resource integration operations, and comprehensively coordinate high-end luxury brands under BTG Hotels Group, such as Nuojin, Anlu, Jianguo Hotel, Jinglun Hotel, Nanyuan Hotel, Jianguo Xishang, Nuolan, and Kempinski.
The Past Three Years for BTG Hotels (Group) (SHSE:600258) Investors Has Not Been Profitable
