Jinjiang Hotel sells nearly 10%of Shanghai Yoshino's home. The latter loses 5.35 million in the first half of the year

Today (August 31), "Daily Economic News" reporters learned from the official website of the Shanghai United Property Exchange that Shanghai Jinjiang International Catering Investment Management Co., Ltd. (hereinafter referred to as Jinjiang Catering) intends to transfer Shanghai Yoshino Fast Food Co., Ltd. (hereinafter referred to as Shanghai Yoshino's) 9.815%equity, the transfer price was 8.2173 million yuan.

Among them, Jinjiang Catering is the Jinjiang Hotel (SH600754, the stock price is 57.72 yuan, and the market value is 61.8 billion yuan). On the evening of August 30, the Jinjiang Hotel issued a half -annual report in 2022. In the first half of the year, revenue achieved revenue of 50.043 billion yuan, a year -on -year decrease of 4.18%. The net profit of shareholders of listed companies was 118 million yuan, a year -on -year decrease of 2637.78%. The semi -annual report mentioned that due to the continuous losses of Shanghai Yoshino's home, Jinjiang Hotel's long -term equity investment was reduced to zero.

Nearly 10%equity of Shanghai Yoshino Home

The Shanghai Yoshino Home was established in June 2002 with a registered capital of $ 12.3 million. The legal representative Zhang Xiaoqiang, the chairman of the listed company Jinjiang Hotel. In terms of equity structure, Yoshino Home (China) Investment Co., Ltd. (hereinafter referred to as Yoshino (China)) holds 57.185%, and Jinjiang Catering holds 42.815%.

According to data disclosed by the Shanghai United Property Exchange, in 2021, Shanghai Yoshino's revenue was 45.2107 million yuan, net profit loss was 991,800 yuan, and the total liabilities were 19.1468 million yuan. Liabilities rose to 22.8156 million yuan.

According to the asset evaluation data, as of December 31, 2021, Shanghai Yoshino's assets totaled 15.1431 million yuan, and net assets were 40.234 million yuan. This time, Jinjiang Catering plans to transfer 9.815%of the Shanghai Yoshino Home, with a transfer price of 8.2173 million yuan.

In the column of "whether the original shareholders give up the right to give priority to transfer", the result is "someone does not give up". It can be understood that the investment of Yoshino (China) is still optimistic about the development of Shanghai Yoshino. It may be used to acquire the shares sold by the Jinjiang Hotel for priority.

On the afternoon of August 31, the reporter called Yoshino (China) to invest in inquire about whether the shares sold at the Jinjiang Hotel will be acquired in the future. The staff said that "no further news was received."

On the same day, the reporter called the director office of the Jinjiang Hotel and asked whether the intention to be transferred at present is contacting. The staff said "we are promoting."

Inquiries of incomplete data over the years. In 2002, there were 3 stores in Shanghai Yoshino and 11 stores in 2003. It was mainly concentrated in Shanghai and Jiangsu and Zhejiang. In 2012, it was expanded to 24. It is 22, 14, 9, and 8. The number of latest stores has not been announced.

The proportion of catering is low but "inseparable from the hotel"

On the evening of August 30, the Jinjiang Hotel released the half -annual report of 2022. In the first half of the year, revenue achieved a revenue of 50.043 billion yuan, a year -on -year decrease of 4.18%. Profit 4.648 million yuan).

The main businesses engaged in Jinjiang Hotel are "limited service -oriented hotel operations and management business" and "food and catering business". In terms of food and catering business, in the first half of 2022, the merging operating income of the food and catering business was 96.92 million yuan, a decrease of 20.79%over the same period last year; The same period decreased by 56.26%. Jinjiang Hotel said that the company's food and catering business operations are affected by the domestic epidemic.

According to the introduction, the existing food and catering business of Jinjiang Hotel has two types of direct -operated operations and franchised franchise operations. The direct -operated model refers to the independent business restaurant of a specific brand under the leasing property. KFC, Yoshino and other restaurants under the joint venture company are engaged in brand franchise in the form of joint ventures.

The semi -annual report mentioned that due to the continuous losses of Shanghai Yoshino's home, Jinjiang Hotel's long -term equity investment was reduced to zero.

According to CHOICE data statistics, the food and catering business accounts for about 2%of the overall income of Jinjiang Hotel. Obviously, it is not high, but it can be seen that Jinjiang Hotel has never given up this business.

According to the 2021 annual report, in addition to its own catering investment companies, Yoshino, KFC and other joint ventures, Jinjiang Hotel also includes many catering related companies such as Jinjiang Food, New Asia Food, Tongle Catering, Jinya Catering, and Jinya Catering.

In June 2022, while the Jinjiang Hotel continued to acquire the equity of the Vienna Hotel, it also acquired 10%equity of Shenzhen Baishi Village Catering Chain Co., Ltd. (hereinafter referred to as Baisian Village Catering, also founded by the founder of Vienna Hotel Huang Deman). The semi -annual report shows that the Jinjiang Hotel currently holds 90%of the 100%stake in the 100 -year -old village and 90%of the Vienna Hotel.

Zhao Huanhuan, chief knowledge officer of Huamei Advisory Group, told reporters on WeChat that in fact, Yoshino and KFC are both the "heritage" of the new Asia shares of the Jinjiang Hotel, and the Centennial Village Catering is also a subsidiary of the Vienna Hotel.

"Catering and hotels are closely related businesses. In addition to boarding, accommodation is food. Now Jinjiang Hotel is basically a limited service hotel, and the proportion of catering is very low. Catering is the most important business in the rooms in the full service hotel. For limited services, for limited servicesAs far as the hotel is concerned, the future semi -finished food and beverage sales can also be a business that can greatly develop and become a new profit growth point. "Zhao Huanyu said.Cover picture source: Photo Network-500203164

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