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Stock impact report

China Lodging Group, Limited Reports First Quarter of 2018 Financial Results

H World Group Limited - American Depositary Shares (HTHT) 
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.huazhu.com
Company Research Source: GlobeNewswire
A total of 3,817 hotels or 384,959 hotel rooms in operation as of March 31, 2018.Net revenues increased 29.6% year-over-year from RMB1,614.1 million to RMB2,091.2 million (US$333.4 million)1 for the first quarter of 2018,exceeding the higher end of our Q1 Guidance. Net revenues in 2018Q1 and the comparative for 2017 has reflected the changes in the accounting for revenue recognition in the US GAAP effective from January 1, 2018. Excluding the impact of such accounting changes, the revenue growth in Q1 under the previous accounting standards on revenue recognition would have been 30.3%.Excluding unrealized loss from fair value changes of equity securities of RMB136.7 million and share based compensation, adjusted EBITDA (non-GAAP) increased 47.5% year-over-year from RMB379.5 million to RMB559.7 million (US$89.2 million) for the first quarter of 2018.Net income attributable to China Lodging Group, Limited was RMB128.5 million (US$20.5 million) for the first quarter of 2018, compared wit Show less Read more
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