Zhejiang New Century Hotel Management Co., Ltd.

1158

CNE100003HS6

Zhejiang New Century Hotel Management Co., Ltd. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2020

March 15, 2021 at 03:32 pm IST

Zhejiang New Century Hotel Management Co., Ltd. announced audited consolidated earnings results for the year ended December 31, 2020. For the year, the company reported revenue from contracts with customers of RMB 1,597,716,000 compared to RMB 1,927,980,000 a year ago. Profit before income tax was RMB 39,040,000 compared to RMB 268,617,000 a year ago. Profit was RMB 26,644,000 or RMB 0.07 per basic share compared to RMB 204,974,000 or RMB 0.76 per basic share a year ago.

Latest news about Zhejiang New Century Hotel Management Co., Ltd.

Zhejiang New Century Hotel Management : New Century Hotel to Be Delisted from Hong Kong Bourse on May 24 as Privatization Becomes Effective	17/21/17	MT
Kunpeng Asia Limited completed the acquisition of 9.27% stake in Zhejiang New Century Hotel Management Co., Ltd. from New Century Tourism Group Co., Ltd., Hangzhou Qianhe Qiju Investment Management Partnership Enterprise (Limited Partnership) and Ningbo Meishan Bonded Area Kairui Shiqi Investment Management Partnership (Limited Partnership).	14/21/14	CI
Kunpeng Asia Limited completed the acquisition of 18.8% stake in stake in Zhejiang New Century Hotel Management Co., Ltd. from GreenTree Hospitality Group Ltd., Rongtong Fund Management Co., Ltd., Gem Holdings Group Co., Ltd. and others for HKD 0.96 billion.	14/21/14	CI
Zhejiang New Century Hotel Management : Profit Plummets 90% in 2020	16/21/16	MT
Zhejiang New Century Hotel Management Co., Ltd. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2020	15/21/15	CI
Zhejiang New Century Hotel Management Co., Ltd. Proposes No Cash Dividend for the Year Ended December 31, 2020	15/21/15	CI
Zhejiang New Century Hotel Management : Warns of Up to 90% Decline in 2020 Net Profit	02/21/02	MT
Zhejiang New Century Hotel Management Co., Ltd. Provides Earnings Guidance for the Year Ended 31 December 2020	01/21/01	CI
Zhejiang New Century Hotel Management Co., Ltd. Announces Board Changes	29/21/29	CI
Zhejiang New Century Hotel Management : Appoints Financial Adviser	29/21/29	MT
Zhejiang New Century Hotel Management Co.,Ltd. cancelled the acquisition of assets of Hilton Hangzhou Xiaoshan from Mogen Real Estate Company.	21/21/21	CI
Kunpeng Asia Limited made an offer to acquire 19.7% stake in Zhejiang New Century Hotel Management Co., Ltd. from GreenTree Hospitality Group Ltd., Rongtong Fund Management Co., Ltd., Gem Holdings Group Co., Ltd. and others for approximately HKD 1 billion.	20/21/20	CI
Kunpeng Asia Limited made an offer to acquire 9.27% stake in Zhejiang New Century Hotel Management Co., Ltd. from New Century Tourism Group Co., Ltd., Hangzhou Qianhe Qiju Investment Management Partnership Enterprise (Limited Partnership) and Ningbo Meishan Bonded Area Kairui Shiqi Investment Management Partnership (Limited Partnership) for approximately CNY 390 million.	20/21/20	CI
Zhejiang New Century Hotel Management Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended 30 June 2020	18/20/18	CI
Zhejiang New Century Hotel Management Co., Ltd. Provides Earnings Guidance for the Six Months Ended 30 June 2020	27/20/27	CI
Zhejiang New Century Hotel Management Co., Ltd. Approves Board Appointments	20/20/20	CI
Zhejiang New Century Hotel Management Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2019, Payable on 31 July 2020	20/20/20	CI
Zhejiang New Century Hotel Management Co., Ltd. Declares to Distribute A Final Dividend for the Year Ended 31 December 2019	16/20/16	CI
Zhejiang New Century Hotel Management Co., Ltd. Proposes Profit Distribution Plan for the Year Ended 31 December 2019	22/20/22	CI
Zhejiang New Century Hotel Management Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019	22/20/22	CI
Certain H Shares of Zhejiang New Century Hotel Management Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-MAR-2020.	11/20/11	CI
Zhejiang New Century Hotel Management Co., Ltd. Enters Framework Agreement with New Century Tourism and New Century Holdings for the Provision of Full Service Hotel Management Services	09/20/09	CI
Zhejiang New Century Hotel Management Co.,Ltd. entered into an asset purchase agreement to acquire assets of Hilton Hangzhou Xiaoshan from Mogen Real Estate Company for approximately CNY 140 million.	21/20/21	CI
Zhejiang New Century Hotel Management Co., Ltd. Establishes Zhejiang Zheqin New Century Hotel Management Co., Ltd. with Zhejiang Zheqin Xixi Hotel Co., Ltd	31/19/31	CI
Zhejiang New Century Hotel Management Co., Ltd., Hangzhou Yuanzhen Cultural Creativity Co., Ltd. and Shanghai Yuanka Shiye Co.,Ltd. Enter Joint Venture Agreement	31/19/31	CI

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Company Profile

Zhejiang New Century Hotel Management Co., Ltd. is a China-based company mainly engaged in mid-scale to upscale hotel chains business. The Company operates its business through two segments: Hotel Operation segment and Hotel Management segment. Hotel Operation segment is principally engaged in the operation of its own hotels and rental hotels and provides catering services. Hotel Management segment is mainly engaged in hotel full service management business and franchise management business. The Company mainly conducts its business in the Chinese domestic market.

Sector

Hotels, Motels & Cruise Lines

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