Declared Dividend • 9h
First half dividend of US$0.85 announced Shareholders will receive a dividend of US$0.85. Ex-date: 8th September 2026 Payment date: 22nd September 2026 Dividend yield will be 4.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.4% to bring the payout ratio under control. EPS is expected to grow by 46% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 18
Second quarter 2026 earnings released: EPS: CN¥5.00 (vs CN¥5.03 in 2Q 2025) Second quarter 2026 results: EPS: CN¥5.00. Revenue: CN¥7.12b (up 11% from 2Q 2025). Net income: CN¥1.58b (up 2.1% from 2Q 2025). Profit margin: 22% (down from 24% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Germany. Tillkännagivande • Aug 18
H World Group Limited Raises Earnings Guidance for the Full Year of 2026 H World Group Limited raised earnings guidance for the full year of 2026. For the period, the company expects Group revenue growth to be in the range of 4% to 8% compared to the full year of 2025, and up from previous guidance of 2% to 6%. Tillkännagivande • Aug 17
H World Group Limited Declares Ordinary Cash Dividend, Payable on or About September 15, 2026 As part of the 2026 Shareholder Return Plan, on the same date, H World Group Limited announced that its Board has approved the declaration and payment of an ordinary cash dividend (the “Cash Dividend”) in the aggregate amount of approximately USD 275 million, of USD 0.087 per ordinary share, or USD 0.87 per ADS. Holders of the Company’s ordinary shares or ADSs as of the close of business on September 8, 2026 will be entitled to receive the Cash Dividend. Cash Dividend to holders of the Company’s ordinary shares is expected to be distributed on or about September 15, 2026. Tillkännagivande • Aug 05
H World Group Limited to Report Q2, 2026 Results on Aug 17, 2026 H World Group Limited announced that they will report Q2, 2026 results Pre-Market on Aug 17, 2026 Board Change • Aug 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Steve Sun was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 29
H World Group Limited Announces Appointment of Yanjun Sun as Independent Director, Effective July 28, 2026 H World Group Limited announced that the board of directors of the Company appointed Mr. Yanjun Sun as an independent director of the Board, effective from July 28, 2026. Mr. Sun has leadership experience in a variety of leading global investment firms, and deep knowledge in private market investing, capital markets, mergers and acquisitions, and business operations. He was the group director of Jardine Matheson Limited and the chairman of Jardine Matheson (China) Limited, a diversified multinational conglomerate based in Asia, with responsibility for overseeing and supporting the group’s business development and investment activities across the region from June 2022 to September 2025. He was a partner and co-head of China at TPG Capital, a global alternative asset management firm, where he led private equity investments and facilitated business development efforts for TPG’s global business units in Greater China from August 2011 to November 2018; he continued to serve as a senior advisor to TPG until December 2020. Prior to joining TPG, he was a managing director at Principal Investment Area (PIA), the private equity and principal investing arm of Goldman Sachs, from May 2006 to May 2011. Mr. Sun also worked at Morgan Stanley, General Electric, and Citigroup. Mr. Sun has been an independent non-executive director of China National Building Material Company Limited since October 2014, a non-executive director of 1233 International Supply Chain Management Co. Ltd. since September 2022, a non-executive director of Livi Bank, a digital bank in Hong Kong, since June 2025, and an independent director of Market Technology Acquisition Corp. since July 2026. Mr. Sun received a bachelor of economics degree in international finance from the Renmin University of China in 1992 and an MBA degree with high distinction from the University of Michigan in 1997. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: CN¥2.66 (vs CN¥2.92 in 1Q 2025) First quarter 2026 results: EPS: CN¥2.66 (down from CN¥2.92 in 1Q 2025). Revenue: CN¥6.00b (up 11% from 1Q 2025). Net income: CN¥817.0m (down 8.6% from 1Q 2025). Profit margin: 14% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 16
H World Group Limited Announces Resignation of Jie Zheng as Executive Director, Effective from May 15, 2026 The board of directors of the H World Group Limited announced that Ms. Jie Zheng has informed the Board to resign as an executive Director, effective from May 15, 2026, to pursue other interests. Ms. Zheng has kindly agreed to continue to support the Company as a senior advisor to the Company to ensure a smooth transition. During her tenure, Ms. Zheng actively and diligently discharged her duties as an executive Director of the Company, in particular in successfully returning the European business to profitability. The Board hereby expresses its sincere gratitude to Ms.Zheng for her highly effective work during her tenure and her contributions to the development of the Company. Tillkännagivande • May 12
H World Group Limited, Annual General Meeting, Jun 26, 2026 H World Group Limited, Annual General Meeting, Jun 26, 2026, at 10:00 China Standard Time. Location: no. 1299 fenghua road, jiading district, shanghai China Tillkännagivande • May 06
H World Group Limited to Report Q1, 2026 Results on May 15, 2026 H World Group Limited announced that they will report Q1, 2026 results Pre-Market on May 15, 2026 Tillkännagivande • Mar 06
H World Group Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 H World Group Limited announced that they will report fiscal year 2025 results Pre-Market on Mar 18, 2026 Tillkännagivande • Nov 18
H World Group Limited Provides Revenue Guidance for the Fourth Quarter of 2025 H World Group Limited provided revenue guidance for the fourth quarter of 2025. For the fourth quarter of 2025, H World expects the company’s revenue growth to be in the range of 2%-6% compared to the fourth quarter of 2024, or in the range of 3%-7% excluding DH. Tillkännagivande • Nov 05
H World Group Limited to Report Q3, 2025 Results on Nov 17, 2025 H World Group Limited announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 17, 2025 Tillkännagivande • Aug 15
H World Group Limited Announces Change of Board Composition, Effective from August 15, 2025 H World Group Limited announced that the board of directors of the Company (the “Board”) appointed, effective from August 15, 2025, (i) Mr. Justin Martin Leverenz (“Mr. Leverenz”) as a director of the Board; (ii) Ms. Yi Zhang (alias Bonnie Yi Zhang) (“Ms. Zhang”) as an independent director of the Board and the chairwoman of the audit committee of the Company (the “Audit Committee”); and (iii) Ms. Lei Cao, an existing independent director of the Company, as a member of the compensation committee of the Company (the “Compensation Committee”). Effective from the same date, Ms. Tong Tong Zhao (“Ms. Zhao”) will step down as an independent director of the Board to serve as an observer of the Board and Mr. Jian Shang (“Mr. Shang”) will step down as an independent director of the Board, the chairman of the Audit Committee, and a member of the Compensation Committee. Mr. Leverenz was the Chief Investment Officer and a Senior Portfolio Manager of Invesco Developing Markets Fund from May 2007 to July 2025. He joined Invesco Ltd. in 2019 when it combined with OppenheimerFunds. Mr. Leverenz managed the OppenheimerFunds Developing Markets Fund, which was renamed the Invesco Developing Markets Fund, beginning in May 2007. He was a Portfolio Manager at OppenheimerFunds from 2007 to 2019, having started in 2004 as a senior research analyst supporting Global Equity Strategy. Prior to joining OppenheimerFunds, Mr. Leverenz was a director of Pan-Asian Technology Research for Goldman Sachs in Asia, where he covered technology companies in the region. He also served as the Head of Equity Research in Taiwan, China for Barclays de Zoete Wedd and as a Portfolio Manager for Martin Currie Investment Managers in Scotland. Mr. Leverenz obtained his bachelor’s degree in Chinese Studies and Political Economy from the University of California and his master’s degree in international economics from the University of California. He is a Chartered Financial Analyst (CFA) charter holder. Ms. Zhang has served as the Chief Financial Officer of SINA Corporation since March 2015. From March 2014 to March 2015, Ms. Zhang was the Chief Financial Officer of Weibo Corporation, one of SINA’s subsidiaries. Prior to joining Weibo, Ms. Zhang was the Chief Financial Officer of AdChina Ltd., a company operating an integrated internet advertising platform in China, from May 2011 to February 2014. From October 2007 to April 2011, Ms. Zhang was an audit partner of Deloitte Touche Tohmatsu based in Shanghai, with a focus on serving Chinese companies listed in the United States and Chinese companies making initial public offerings in the United States. Ms. Zhang has served as an independent director of Yatsen Holding Limited, a NYSE listed company since November 2020. Ms. Zhang has also served as an independent non-executive director of Swire Pacific Limited, a Hong Kong-based international conglomerate with a diversified portfolio of market leading businesses since June 2022. Since February 2023, Ms. Zhang has served as an independent director of Hesai Group, a NASDAQ listed technology company. Ms. Zhang graduated summa cum laude with a B.A. in Business Administration from McDaniel College in Maryland in 1997. She is a member of the American Institution of Certified Public Accountants. Mr. Qi Ji, the Company’s founder and executive chairman of the Board, warmly welcomes Mr. Leverenz and Ms. Zhang to the Board. He believes that their talents and experience will greatly benefit H World’s long-term sustainable growth. Additionally, he would like to express his sincere gratitude to Ms. Zhao and Mr. Shang for their valuable contributions and dedicated service during their tenure as directors. Tillkännagivande • Aug 08
H World Group Limited to Report Q2, 2025 Results on Aug 20, 2025 H World Group Limited announced that they will report Q2, 2025 results Pre-Market on Aug 20, 2025 Tillkännagivande • May 20
H World Group Limited Provides Earnings Guidance for the Second Quarter of Full Year 2025 H World Group Limited provided earnings guidance for the second quarter of full year 2025. For the quarter, the company expects its revenue growth to be in the range of 1%-5% compared to the second quarter of 2024, or in the range of 3%-7% excluding DH. H World expects its manachised and franchised revenue growth to be in the range of 18%-22%, compared to the second quarter of 2024. Tillkännagivande • Mar 10
H World Group Limited to Report Q4, 2024 Results on Mar 20, 2025 H World Group Limited announced that they will report Q4, 2024 results After-Market on Mar 20, 2025 Tillkännagivande • Nov 12
H World Group Limited to Report Q3, 2024 Results on Nov 26, 2024 H World Group Limited announced that they will report Q3, 2024 results Pre-Market on Nov 26, 2024 New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Sep 29
Second quarter 2024 earnings released: EPS: CN¥3.40 (vs CN¥3.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥3.40 (up from CN¥3.18 in 2Q 2023). Revenue: CN¥6.15b (up 11% from 2Q 2023). Net income: CN¥1.07b (up 5.1% from 2Q 2023). Profit margin: 17% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €33.40, the stock trades at a forward P/E ratio of 20x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.32 per share. Tillkännagivande • Sep 03
H World Group Limited Announces CFO Changes, Effective September 4, 2024 H World Group Limited announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financial management expertise in the travel and hotel industries in China. She initially joined H World in 2014. From 2014 to early 2016, Ms. Chen served as H World’s executive vice president of finance responsible for internal financial management and then chief financial officer. From March 2018 to February 2020, she was the chief financial officer of Cjia Group Limited, H World’s affiliate company which primarily engages in providing apartment services. Ms. Chen rejoined H World in February 2020 as the chief compliance officer. She then served as the chief financial officer of H World from May 2021 to December 2022 and the chief compliance officer since December 2022. Her other previous work experiences also include chief financial officer of Home Inns Group and finance director of Trip.com. Ms. Chen received her master’s degree in management from Shanghai Jiaotong University. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥3.40 (vs CN¥3.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥3.40 (up from CN¥3.18 in 2Q 2023). Revenue: CN¥6.15b (up 11% from 2Q 2023). Net income: CN¥1.07b (up 5.1% from 2Q 2023). Profit margin: 17% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 20
H World Group Limited Provides Revenue Guidance for the Third Quarter of 2024 H World Group Limited provided revenue guidance for the third quarter of 2024. For the quarter, the company expected its revenue growth to be in the range of 2% to 5% compared to the third quarter of 2023, or in the range of 1% to 4% excluding DH. Upcoming Dividend • Aug 07
Upcoming dividend of US$0.61 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 03 September 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.7%). Tillkännagivande • Aug 05
H World Group Limited to Report Q2, 2024 Results on Aug 20, 2024 H World Group Limited announced that they will report Q2, 2024 results Pre-Market on Aug 20, 2024 Tillkännagivande • Jul 02
H World Group Limited Announces Board Changes H World Group Limited announced that (i) Mr. Shangzhi Zhang will step down as a director of the board of directors of the Company and serve as an observer of the Board, effective from July 2, 2024, and (ii) Ms. Jie Zheng, a senior advisor of the Company and a supervisory board member of Steigenberger Hotels GmbH, a subsidiary of the Company, will serve as an executive director of the Board, effective from the same date.Ms. Zheng has over 20 years of leadership experience across automotive and hospitality sectors both in China and internationally. Ms. Zheng is currently a venture partner of Peeli Ventures, where she provides management consulting for portfolio companies in consumer goods and MarTech industries. She served as the chief strategist of H World from October 2019 to September 2020. Ms. Zheng rejoined H World in January 2023 as a senior advisor and has served as a supervisory board member of Steigenberger Hotels GmbH since November 2023. From October 2010 to April 2019, Ms. Zheng held various positions within Fiat Chrysler Automobiles Group in China (“FCA China”), including chief executive officer of FCA China (currently known as Stellantis) and general manager of GAC Fiat Chrysler Automobiles Sales Co., Ltd. Prior to that, she served as the vice president of marketing in Chrysler Group China Sales Ltd. from May 2008 to October 2010, the vice president of communications of Honeywell (China) Co., Ltd. from January 2007 to May 2008, the vice president of global public affairs and communications of OnStar Corporation (a subsidiary of General Motors) in the U.S. from October 2005 to January 2007, the assistant manager, senior manager and director, successively, of public affairs and communications of General Motors China Inc. from January 1997 to September 2005, and a business reporter of China Daily and Shanghai Star from July 1993 to January 1997. Ms. Zheng obtained her bachelor’s degree in international journalism from Shanghai International Studies University in 1993, master’s degree of business administration from Rutgers University in 2004, master’s degree in psychology from Arizona State University in 2023 and is currently pursuing her PhD degree in psychology from California Institute of Integral Studies. Ms. Zheng was awarded the Most Influential Business Women in China by Fortune in 2011, 2014, 2017 and 2018, respectively. She has also received Mulan Award for Top Business Women in China by China Entrepreneur for six consecutive years since 2013. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €32.40, the stock trades at a forward P/E ratio of 18x. Average trailing P/E is 19x in the Hospitality industry in Germany. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.04 per share. Tillkännagivande • May 18
H World Group Limited Provides Revenue Guidance for the Second Quarter of 2024 H World Group Limited provided revenue guidance for the second quarter of 2024. For the second quarter of 2024, the company expects its revenue growth to be in the r ange of 7%-11% compared to the second quarter of 2023, or in the range of 7%-11% excluding DH. Tillkännagivande • May 10
H World Group Limited, Annual General Meeting, Jun 27, 2024 H World Group Limited, Annual General Meeting, Jun 27, 2024, at 10:00 China Standard Time. Location: company`s offices, no. 1299 fenghua road, jiading district, shanghai China Tillkännagivande • May 08
H World Group Limited to Report Q1, 2024 Results on May 17, 2024 H World Group Limited announced that they will report Q1, 2024 results After-Market on May 17, 2024 Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥12.83 (vs CN¥5.85 loss in FY 2022) Full year 2023 results: EPS: CN¥12.83 (up from CN¥5.85 loss in FY 2022). Revenue: CN¥21.9b (up 58% from FY 2022). Net income: CN¥4.09b (up CN¥5.91b from FY 2022). Profit margin: 19% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 22
H World Group Limited Provides Revenue Guidance for the First Quarter and Full Year of 2024 H World Group Limited provided revenue guidance for the first quarter and full year of 2024. For the first quarter, the company expects its revenue growth to be in the range of 12%-16% compared to the first quarter of 2023, or in the range of 11%-15% excluding DH.For the year, the company expects revenue growth to be in the range of 8%-12% compared to the full year of 2023, or in the range of 8%-12% excluding DH. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: CN¥12.83 (vs CN¥5.85 loss in FY 2022) Full year 2023 results: EPS: CN¥12.83 (up from CN¥5.85 loss in FY 2022). Revenue: CN¥21.9b (up 58% from FY 2022). Net income: CN¥4.09b (up CN¥5.91b from FY 2022). Profit margin: 19% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 18
H World Group Limited(NasdaqGS:HTHT) dropped from FTSE All-World Index (USD) H World Group Limited(NasdaqGS:HTHT) dropped from FTSE All-World Index (USD) Tillkännagivande • Mar 09
H World Group Limited to Report Q4, 2023 Results on Mar 20, 2024 H World Group Limited announced that they will report Q4, 2023 results Pre-Market on Mar 20, 2024 Buy Or Sell Opportunity • Mar 05
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €32.20. The fair value is estimated to be €41.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Upcoming Dividend • Dec 13
Upcoming dividend of US$0.91 per share at 3.5% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 17 January 2024. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.7%). New Risk • Dec 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Tillkännagivande • Nov 30
H World Group Limited Announces Cash Dividend, Payable on or About January 17, 2024 H World Group Limited announced that its board of directors (the “Board”) has approved the declaration and payment of a cash dividend (the “Cash Dividend”) of USD 0.093 per ordinary share, or USD 0.93 per American Depositary Share (the “ADS”). The Cash Dividend is comprised of two tranches, including (i) an ordinary dividend of USD 0.062 per ordinary share, or USD 0.62 per ADS and (ii) a special dividend of USD 0.031 per ordinary share, or USD 0.31 per ADS. The Company considers to declare an ordinary dividend every year up to 45% of its net income. Holders of the Company’s ordinary shares or ADSs as of the close of business on December 21, 2023 will be entitled to receive the Cash Dividend. Dividends to holders of the Company’s ordinary shares are expected to be distributed on or about January 10, 2024. Citibank, N.A. (“Citi”), depositary bank for the Company’s ADS program, expects to pay out dividends to ADS holders on or about January 17, 2024. Dividends to be paid to the Company’s ADS holders through Citi will be subject to the terms of the deposit agreement by and among the Company and Citi, and the holders and beneficial owners of ADS issued thereunder, including the fees and expenses payable thereunder. Tillkännagivande • Nov 25
H World Group Limited Provides Revenue Guidance for the Fourth Quarter of 2023 H World Group Limited provides revenue guidance for the fourth quarter of 2023. For the fourth quarter of 2023, H World expects its revenue growth to be in the range of 41%-45% compared to the fourth quarter of 2022, or in the range of 48%-52% excluding DH. Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: CN¥4.19 (vs CN¥2.31 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥4.19 (up from CN¥2.31 loss in 3Q 2022). Revenue: CN¥6.29b (up 54% from 3Q 2022). Net income: CN¥1.34b (up CN¥2.05b from 3Q 2022). Profit margin: 21% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 11
H World Group Limited to Report Q3, 2023 Results on Nov 24, 2023 H World Group Limited announced that they will report Q3, 2023 results Pre-Market on Nov 24, 2023 Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: CN¥3.18 (vs CN¥1.13 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥3.18 (up from CN¥1.13 loss in 2Q 2022). Revenue: CN¥5.53b (up 64% from 2Q 2022). Net income: CN¥1.02b (up CN¥1.37b from 2Q 2022). Profit margin: 18% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Aug 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Tillkännagivande • Aug 11
H World Group Limited to Report Q2, 2023 Results on Aug 24, 2023 H World Group Limited announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 24, 2023 Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Board Observer Cindy Wang was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • May 30
H World Group Limited Provides Revenue Guidance for the Second Quarter of 2023 H World Group Limited provided revenue guidance for the second quarter of 2023. For the quarter, the company expected revenue growth to be in the range of 51%-55% as compared to the second quarter of 2022, or in the range of 64%-68% excluding DH. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: CN¥3.12 (vs CN¥2.02 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥3.12 (up from CN¥2.02 loss in 1Q 2022). Revenue: CN¥4.48b (up 67% from 1Q 2022). Net income: CN¥990.0m (up CN¥1.62b from 1Q 2022). Profit margin: 22% (up from net loss in 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Tillkännagivande • May 10
H World Group Limited to Report Q1, 2023 Results on May 29, 2023 H World Group Limited announced that they will report Q1, 2023 results After-Market on May 29, 2023 Tillkännagivande • May 09
H World Group Limited, Annual General Meeting, Jun 27, 2023 H World Group Limited, Annual General Meeting, Jun 27, 2023, at 10:00 China Standard Time. Location: No. 1299 Fenghua Road, Jiading District Shanghai, People’s Republic of China Shanghai China Agenda: To consider the ratification of appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2023 and the authorization for the directors of the Company to determine the remuneration of the auditor be and is hereby authorized and approved; to consider the Company’s amended and restated articles of association be and is hereby amended and restated by the deletion in their entity and the substitution in their place in the form attached to the proxy statement as Exhibit A; and to consider other matters. Reported Earnings • Mar 28
Full year 2022 earnings released: CN¥5.85 loss per share (vs CN¥1.49 loss in FY 2021) Full year 2022 results: CN¥5.85 loss per share (further deteriorated from CN¥1.49 loss in FY 2021). Revenue: CN¥13.9b (up 8.4% from FY 2021). Net loss: CN¥1.82b (loss widened 292% from FY 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 20
H World Group Limited Announces Executive Changes The Board of Directors of H World Group Limited announced that Mr. RONG Yuewu has resigned as the company secretary. The Board also to announce that following the resignation of Mr. Rong, Mr. CHEN Yao ("Mr. Chen") has been appointed as the company secretary and the Authorized Representative of the Company with effect from the date of this announcement. Mr. Chen has more than 14 years of legal experience. He joined the Company in August 2014 and currently serves as the director of legal affairs of the Company. He is also currently an arbitrator of the Shanghai Arbitration Commission. Prior to joining the Company, Mr. Chen was a practicing lawyer in the People 's Republic of China, specializing in civil and commercial litigation. Reported Earnings • Jan 13
Third quarter 2022 earnings released: CN¥2.31 loss per share (vs CN¥0.44 loss in 3Q 2021) Third quarter 2022 results: CN¥2.31 loss per share (further deteriorated from CN¥0.44 loss in 3Q 2021). Revenue: CN¥4.09b (up 16% from 3Q 2021). Net loss: CN¥717.0m (loss widened 423% from 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 12
H World Group Limited has completed a Follow-on Equity Offering in the amount of $259.98 million. H World Group Limited has completed a Follow-on Equity Offering in the amount of $259.98 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 6,190,000
Price\Range: $42
Discount Per Security: $1.05 Reported Earnings • Nov 29
Third quarter 2022 earnings released: CN¥2.30 loss per share (vs CN¥0.44 loss in 3Q 2021) Third quarter 2022 results: CN¥2.30 loss per share (further deteriorated from CN¥0.44 loss in 3Q 2021). Revenue: CN¥4.09b (up 16% from 3Q 2021). Net loss: CN¥717.0m (loss widened 423% from 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CN¥1.13 loss per share (vs CN¥1.21 profit in 2Q 2021) Second quarter 2022 results: CN¥1.13 loss per share (down from CN¥1.21 profit in 2Q 2021). Revenue: CN¥3.38b (down 5.7% from 2Q 2021). Net loss: CN¥350.0m (down 193% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 678% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 30
H World Group Limited Provides Revenues Guidance for Third Quarter 2021 H World Group Limited Provided revenues guidance for third quarter 2021. For the quarter, The company expects revenue to increase 13% to 17% compared to the third quarter of 2021, or to increase 5% to 9% if excluding DH. Tillkännagivande • Aug 16
H World Group Limited to Report Q2, 2022 Results on Aug 29, 2022 H World Group Limited announced that they will report Q2, 2022 results Pre-Market on Aug 29, 2022 Reported Earnings • May 31
First quarter 2022 earnings released: CN¥2.00 loss per share (vs CN¥0.80 loss in 1Q 2021) First quarter 2022 results: CN¥2.00 loss per share (down from CN¥0.80 loss in 1Q 2021). Revenue: CN¥2.68b (up 15% from 1Q 2021). Net loss: CN¥630.0m (loss widened 154% from 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 31% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • May 31
Huazhu Group Limited Provides Revenue Guidance for Second Quarter of 2022 Huazhu Group Limited provided revenue Guidance for second quarter of 2022. For the quarter the company expects revenue to decline 2% to 6% compared to the second quarter of 2021, or to decline 23% to 27% if excluding DH, mainly due to large impacts from the Omicron variant outbreak in China. Tillkännagivande • May 18
Huazhu Group Limited to Report Q1, 2022 Results on May 30, 2022 Huazhu Group Limited announced that they will report Q1, 2022 results Pre-Market on May 30, 2022 Tillkännagivande • May 12
Huazhu Group Limited, Annual General Meeting, Jun 24, 2022 Huazhu Group Limited, Annual General Meeting, Jun 24, 2022, at 10:00 China Standard Time. Location: at No. 699, Wuzhong Road, Minhang District, Shanghai China Agenda: To consider ratification of appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2022 and the authorization for the directors of the Company to determine the remuneration of the auditor; to consider pproval of the Registrar of Companies in the Cayman Islands, the English name of the Company be changed from “Huazhu Group Limited” to “H World Group Limited” and the name “????????” be adopted as the dual foreign name in Chinese of the Company (the “Change of Name”), with effect from the date of entry of the new English name in place of the existing English name and the dual foreign name in Chinese of the Company on the register of companies maintained by the Registrar of Companies in the Cayman Islands; and to consider other matters. Reported Earnings • Apr 29
Full year 2021 earnings released: CN¥1.49 loss per share (vs CN¥7.49 loss in FY 2020) Full year 2021 results: CN¥1.49 loss per share (up from CN¥7.49 loss in FY 2020). Revenue: CN¥0 (down 100% from FY 2020). Net loss: CN¥465.0m (loss narrowed 79% from FY 2020). Profit margin: (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 16
Inaugural dividend of US$0.19 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 21 April 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in January 2020. The average dividend yield among industry peers is 2.3%. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 24% share price decline to €23.40, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Hospitality industry in Europe. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.26 per share. Buying Opportunity • Mar 01
Now 20% undervalued Over the last 90 days, the stock is up 3.6%. The fair value is estimated to be CN¥43.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% per annum over the last 3 years. The company has become profitable over the last year. Buying Opportunity • Feb 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥42.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 25
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: CN¥0.44 loss per share (up from CN¥0.73 loss in 3Q 2020). Revenue: CN¥3.52b (up 12% from 3Q 2020). Net loss: CN¥137.0m (loss narrowed 35% from 3Q 2020). Revenue exceeded analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 37%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 25
Huazhu Group Limited Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021 Huazhu Group Limited provides earnings guidance for the fourth quarter and full year of 2021. In the fourth quarter of 2021, Huazhu expects revenue growth to be in the range of 6%-10% compared to the fourth quarter of 2020, or revenue reduction to be in the range of 4% to 8% if excluding DH. To provide more meaningful guidance excluding the impact of COVID-19, Huazhu expects revenue growth to be in the range of 12%-16% compared to pre-COVID-19 results in the fourth quarter of 2019, or revenue reduction to be in the range of 7% to 11% if excluding DH.For the full year of 2021, The company expects revenue growth to range from 22% to 26%, or to range from 26% to 30% excluding DH. To provide more meaningful guidance excluding the impact of COVID-19, Huazhu expects revenue growth to be in the range of 11%-15% compared to pre-COVID-19 results of 2019, or revenue reduction to be in the range from 0% to 4% excluding DH. Tillkännagivande • Aug 25
Huazhu Group Limited Provides Preliminary Revenue Guidance for the Third Quarter and Full Year of 2021 Huazhu Group Limited provided preliminary revenue guidance for the third quarter and full year of 2021. For the quarter, the company expects revenue growth to be in the range of 8%-12% compared to the third quarter of 2020, or 4%-8% if excluding DH. To provide more meaningful guidance excluding the impact of COVID-19, the company expects revenue growth to be in the range of 12%-16% compared to pre-COVID-19 results in the third quarter of 2019, or revenue reduction to be in the range of 3%-7% if excluding DH.
For the year, the company expects revenue growth to range from a 29% to 33%, or to range from 34% to 38% if excluding DH. To provide more meaningful guidance excluding the impact of COVID-19, Huazhu expects revenue growth to be in the range of 17%-21% as compared to pre-COVID-19 results of 2019, or to range from 2%-6% if excluding DH. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥1.21 (vs CN¥1.91 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.59b (up 84% from 2Q 2020). Net income: CN¥378.0m (up CN¥926.0m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 25
Executive Vice-Chairlady Min Zhang has left the company On the 24th of August, Min Zhang was replaced as CEO by Qi Ji after 4.5 years in the role. We don't have any record of a personal shareholding under Min's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Under Min's leadership, the company delivered a total shareholder return of 521%. Reported Earnings • May 27
First quarter 2021 earnings released: CN¥0.80 loss per share (vs CN¥7.47 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥2.33b (up 16% from 1Q 2020). Net loss: CN¥248.0m (loss narrowed 88% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Executive Departure • May 11
Chief Financial Officer has left the company On the 10th of May, Teo Nee Chuan's tenure as Chief Financial Officer ended after 5.2 years in the role. We don't have any record of a personal shareholding under Teo Nee's name. Teo Nee is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 25
Full year 2020 earnings released: CN¥7.49 loss per share (vs CN¥6.22 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥10.2b (down 9.1% from FY 2019). Net loss: CN¥2.19b (down 224% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 26
Huazhu Group Limited Provides Earnings Guidance for the First Quarter and Full Year 2021 Huazhu Group Limited provided earnings guidance for the first quarter and full year 2021. For the quarter, the company expects net revenues growth to range from an 8% to a 10% increase compared to the first quarter of 2020, or to range from an increase of 61-63% if excluding DH.
For the full year, The company expects the net revenue growth to range from a 50% to 54%, or to range from 50% to 54% if excluding DH. 
