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One of China's largest hotel operators, running economy-to-upscale hotel brands domestically and via international stakes.
One of China's largest hotel operators, running economy-to-upscale hotel brands domestically and via international stakes.
Collects fees from franchisees and managed hotels and runs some hotels itself, so revenue follows the number of rooms and their occupancy. The Shanghai city government controls the group, and it expanded abroad by buying Louvre Hotels Group of France in 2015.
In one line: China's largest hotel group, akin to a scaled Choice Hotels/Wyndham.
Moat: narrow (brand, scale, network effects). Largest domestic hotel-room network and multi-brand portfolio versus smaller chains.
Headquarters: Shanghai, China · Employees: 23,666
Size Shanghai Jin Jiang International Hotels (600754.SS) is a China Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $3.18B, the 812th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.45 on 6 Nov 2026.
Performance Over six months the shares fell 16.1%, against +3.7% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +4.8%); the operating margin is 14.2% (peer median 19.8%).
Valuation It trades at 19.5× forward earnings against a peer median of 16.7× (6th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.9 points above its cost of capital (5.3% WACC).
Next results Next results expected around 6 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥14.2B | CN¥13.8B | CN¥14.0B | CN¥14.6B | CN¥11.3B |
| Revenue growth | — | -2% | -4% | +29% | — |
| Gross profit | CN¥6.92B | CN¥4.90B | CN¥5.24B | CN¥5.84B | CN¥3.45B |
| EBITDA | n/a | CN¥4.07B | CN¥3.89B | CN¥4.25B | CN¥2.71B |
| Net income | CN¥1.23B | CN¥925M | CN¥911M | CN¥1.00B | CN¥127M |
| Free cash flow | CN¥2.38B | CN¥1.69B | CN¥2.96B | CN¥4.69B | CN¥1.39B |
| Capital expenditure | CN¥1.76B | CN¥1.85B | CN¥982M | CN¥800M | CN¥661M |
| Total debt | CN¥20.0B | CN¥20.4B | CN¥21.0B | CN¥24.0B | CN¥23.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shanghai Jin Jiang International Hotels 600754.SS | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% |
| H World 1179.HK | $15.3B | +3% | +13% | 27% | 18.8× | 6.2% |
| Marriott International MAR | $107B | +18% | +6% | 16% | 32.1× | 17.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600754.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.3% | +8.1% | 2nd highest of 21 |
| 6-month return | -16.1% | +3.7% | lowest of 21 |
| Distance from 52-week high | -27.2% | -13.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +5.4% | +4.8% | 9th highest of 21 |
| Operating margin | 14.2% | 19.8% | 9th lowest of 21 |
| Forward P/E | 19.5× | 16.7× | 6th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -8.1% | 4.0% | 3rd least demanding of 19 |
| Growth delivered (Del g) | +6.9% | +19.5% | lowest of 19 |
| Hurdle (Req g minus delivered) | -14.9 pp | -19.3 pp | 6th most demanding of 19 |
| ROIC minus cost of capital | +4.9 pp | -0.1 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| Hotel Properties H15.SI | Singapore | $2.07B | +11% | +2% | 7% | n/a | n/a | n/a |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| Kyoritsu Maintenance 9616.T | Japan | $2.00B | +47% | +20% | 9% | 16.7× | 2.3% | +17.8% |
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| Monarch Casino & Resort MCRI | United States | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% | +24.2% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Chalet Hotels CHALET.NS | India | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% | +57.5% |
| Shangri-La Asia 0069.HK | Hong Kong | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% | +16.8% |