On February 15, the tourism and hotel sector fell sharply. As of the closing of the day, Yunnan Tourism Co.Ltd(002059) , Utour Group Co.Ltd(002707) , Caissa Tosun Development Co.Ltd(000796) , Jinling Hotel Corporation Ltd(601007) , Guangzhou Lingnan Group Holdings Company Limited(000524) , Xi’An Qujiang Cultural Tourism Co.Ltd(600706) fell by the limit, Zhang Jia Jie Tourism Group Co.Ltd(000430) and other stocks fell by more than 8%. In the industry classification of China stock market news, the tourism and hotel sector fell by 4.21%, but Huatian Hotel Group Co.Ltd(000428) rose by 3.05%.
For the recent performance of the tourism sector, Yuan Huaming, general manager of Huahui Chuangfu investment, said in an interview with the reporter of Securities Daily: “The epidemic will eventually pass, and China’s tourism demand and industrial development will return to the normal growth track. From a medium and long-term perspective, the tourism sector and some individual stocks have the conditions and opportunities to further improve. However, the current market sentiment is weak and the hot spot sustainability is not strong. The epidemic still suppresses the tourism industry.”
Huatian Hotel Group Co.Ltd(000428) basically good for
Huatian Hotel Group Co.Ltd(000428) is a cross regional comprehensive modern service enterprise dominated by hotel service industry, which is controlled by Hunan Xingxiang Investment Holding Group Co., Ltd., the first state-owned capital operation platform in Hunan Province. The hotel brands of the company cover Huatian Hotel, Huatian holiday and Huatian selection. It is a banner of the service industry of Hunan Province and an important image window of opening to the outside world. By the end of 2020, the company had more than 40 self operated, leased and managed hotels.
During the Spring Festival, Huatian Hotel Group Co.Ltd(000428) ushered in a small peak. Luo Wei, Secretary of the board of directors of the company, told the Securities Daily: “during the golden week of the Spring Festival, the hotel room rental rate of the company is about 20%, and the room rental rate of Huitang Huatian hot spring has reached more than 60%, which has increased by 330% compared with the Spring Festival last year.”
In addition, Huatian Hotel Group Co.Ltd(000428) New Year’s Eve dinner and prefabricated dishes also contributed to the company’s revenue. It is understood that during the Spring Festival, the sales of the company’s Hotel New Year’s Eve banquet and new year’s Eve dinner prefabricated dishes reached a new high, with a year-on-year increase of 16%, of which the new year’s Eve dinner prefabricated dishes accounted for about 15% of the total sales.
It is worth mentioning that Huatian Hotel Group Co.Ltd(000428) released the annual performance forecast for 2021 on January 21. During the reporting period, the company’s net profit attributable to the shareholders of the listed company is expected to be 60 million yuan to 90 million yuan, a significant turnaround from the previous year.
controlling shareholder transfer opens imagination space
The reason behind the expected decline of the company’s holding shares may be Huatian Hotel Group Co.Ltd(000428) the reversal of the market.
In November 2021, Huatian Hotel Group Co.Ltd(000428) announced that the company received the notice of Hunan SASAC on matters related to the free transfer of Huatian Hotel Group Co.Ltd(000428) equity forwarded by the controlling shareholder Xingxiang group, The actual controller of the company, Hunan SASAC, agreed in principle to transfer Huatian Hotel Group Co.Ltd(000428) 32.48% equity held by Xingxiang group to Hunan Hotel Tourism Development Group Co., Ltd. (hereinafter referred to as “hotel tourism group”) free of charge.
After the free equity transfer is completed, the controlling shareholder of the company will be changed from Xingxiang group to hotel tourism group, and the actual controller is still Hunan SASAC. On January 29, 2022, the company announced that as of the disclosure date, the free transfer of shares was being promoted.
Public information shows that the hotel tourism group is a provincial hotel tourism enterprise based on the assets of Hunan Provincial hotels, tourism and intangible cultural heritage. It aims to realize professional integration, market-oriented reform and brand construction through Industrial Synergy and linkage, inject new momentum into the economic and social development of Hunan Province, and implement the strategy of “three high and four new” services, It is of great strategic significance to optimize the layout of provincial state-owned capital, integrate Hunan’s tourism resources and build a strong province in Hunan’s tourism industry.
At present, the hotel tourism group governs Huatian Hotel Group Co.Ltd(000428) group, Hunan Xiangtou sunshine group, Shaoshan tourism group, Hunan tourism development company, Hunan embroidery Institute, Hunan Arts and Crafts Institute and other member enterprises. Public information shows that the hotel tourism group will build a “troika” business pattern of hotel industry, tourism and investment and financing, implement asset light operation of the hotel industry, expand red, green and antique tourism, actively and steadily carry out relevant investment and financing business, and strive to enter the top 20 national tourism enterprises at the end of the 14th five year plan.
“In this context, the secondary market has high expectations for the restructuring of Huatian Hotel Group Co.Ltd(000428) and the circulation market is small, so the stock price performance is significantly stronger than that of other stocks in the sector.” Analysis of a private equity fund manager.
From the first trading day of the year to February 15, Huatian Hotel Group Co.Ltd(000428) increased by nearly 40%. On February 14, the company’s Dragon and tiger list showed that Huaxin Securities Shanghai Branch ranked first in the list of purchase amount, with an amount of 12.97 million yuan, accounting for 3.35% of the total turnover. In addition, the second to fifth individual purchases of the dragon and tiger list did not exceed 10 million yuan.
Because the cumulative deviation of the closing price increase for three consecutive trading days on February 10, February 11 and February 14 exceeded 20%, Huatian Hotel Group Co.Ltd(000428) disclosed the announcement of abnormal fluctuations in stock trading in accordance with relevant regulations. The company said that the recent operation of the company was normal, the internal and external business environment had not changed significantly, and there were no major matters that should be disclosed but not disclosed about the company, the controlling shareholder and the actual controller.
