Huazhu Group Limited
(NASDAQ:HTHT)

Huazhu Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. It operates hotels under its own brands, such as Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Ho...

Website: http://www.huazhu.com

Founded: 2005

Full Time Employees: 18,352

Sector: Consumer Cyclical

Industry: Lodging

Chinese Consumer Cyclical

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At a glance:

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Quarterly

Annual

Unit: USD	2025-11-17	2025-08-20	2025-06-30	2025-05-20	2024-11-26	2024-06-30	2023-06-30	2022-09-30	2022-03-23	2021-12-31	2021-11-24	2021-08-24	2021-05-25	2021-03-31	2020-12-31	2020-09-30	2020-07-02	2020-03-27	2019-12-31	2019-11-13	2019-08-22	2019-05-23	2019-03-15	2018-12-31	2018-11-16	2018-08-23	2018-05-15	2018-03-15	2017-12-31	2017-11-30	2017-08-17	2017-05-11	2017-03-15	2016-12-31	2016-11-14	2016-08-16	2016-05-11	2016-03-11	2015-12-31	2015-11-10	2015-08-17	2015-03-10	2014-12-31	2014-11-12	2014-08-11	2014-05-14	2014-05-13	2014-03-11	2013-12-31	2013-11-12	2013-08-15	2013-05-10	2013-03-06	2012-12-31	2012-11-06	2012-08-10	2012-05-10	2012-03-07	2011-12-31	2011-11-14	2011-05-11	2011-03-10	2010-12-31	2010-11-09	2010-07-30	2010-05-11

revenue:
leased and owned hotels	3,401,000,000	2,789,000,000	6,190,000,000	2,789,000,000	3,681,000,000	6,780,000,000	6,466,000,000	6,698,000,000	2,345,000,000		2,282,000,000	1,398,000,000	1,398,000,000	2,131,000,000		1,516,000,000	1,516,000,000	2,089,000,000		2,001,000,000	1,706,000,000	1,706,000,000	2,052,581,000		1,899,707,000	1,575,977,000	1,575,977,000	1,857,846,000		1,543,117,000	1,223,476,000	1,223,476,000	1,390,334,000		1,329,736,000	1,201,761,000	1,201,761,000
manachised and franchised hotels	2,865,000,000	2,499,000,000	5,364,000,000	2,499,000,000	2,334,000,000	4,397,000,000	3,410,000,000	3,247,000,000	1,128,000,000		1,275,000,000	897,000,000	897,000,000	995,000,000		465,000,000	465,000,000	939,000,000		803,000,000	663,000,000	663,000,000	699,223,000		615,976,000	508,792,000	508,792,000	506,720,000		435,552,000	361,362,000	361,362,000	373,239,000		351,831,000	318,103,000	318,103,000	318,864,000		273,259,000	226,283,000	214,577,000		177,409,000		226,283,000	138,752,000	149,862,000					100,955,000		81,782,000	61,549,000
others	160,000,000	107,000,000	267,000,000	107,000,000	133,000,000	249,000,000	134,000,000	211,000,000	50,000,000		30,000,000	32,000,000	32,000,000	32,000,000		32,000,000	32,000,000	27,000,000		55,000,000	18,000,000	18,000,000	15,757,000		5,597,000	6,455,000	6,455,000	8,445,000		10,512,000	8,268,000	8,268,000	10,233,000		8,994,000	628,000	628,000	-90,437,000		-62,934,000	-47,731,000	-53,080,000		-49,264,000	-39,266,000	-47,731,000	-39,266,000	-44,355,000		-35,742,000	-37,111,000	-37,111,000	-34,097,000		-31,517,000	-31,672,000	-31,672,000
total revenue	6,426,000,000	5,395,000,000		5,395,000,000	6,148,000,000				3,523,000,000			2,327,000,000
yoy	4.52%				74.51%
qoq	19.11%			-12.25%
operating costs and expenses:
hotel operating costs:
rents	-1,047,000,000	-1,027,000,000		-1,027,000,000	-1,091,000,000				-1,009,000,000		-949,000,000	-945,000,000	-945,000,000				-866,000,000	-664,000,000			-651,000,000	-651,000,000	-594,593,000		-585,283,000	-564,372,000	-564,372,000	-533,285,000			-463,138,000	-463,138,000	-458,946,000		-473,549,000	-477,271,000	-477,271,000	-459,805,000		-441,462,000	-432,697,000	-382,417,000		-380,711,000	-365,999,000	-432,697,000	-365,999,000	-320,902,000		-300,813,000	-283,875,000	-283,875,000	-235,729,000		-219,265,000	-205,397,000	-205,397,000
utilities	-142,000,000	-177,000,000		-177,000,000	-149,000,000				-137,000,000		-107,000,000	-140,000,000	-140,000,000				-132,000,000	-105,000,000			-129,000,000	-129,000,000	-110,019,000		-76,263,000	-125,534,000	-125,534,000	-104,284,000			-101,850,000	-101,850,000	-85,953,000		-66,730,000	-114,482,000	-114,482,000	-82,475,000		-65,404,000	-108,454,000	-78,692,000		-60,627,000	-100,794,000	-108,454,000	-100,794,000	-71,532,000		-51,776,000	-80,066,000	-80,066,000	-53,340,000		-39,532,000	-64,729,000	-64,729,000
personnel costs	-1,435,000,000	-1,371,000,000		-1,371,000,000	-1,337,000,000				-793,000,000		-757,000,000	-630,000,000	-630,000,000				-643,000,000	-466,000,000			-446,000,000	-446,000,000	-428,924,000		-421,573,000	-375,935,000	-375,935,000	-366,019,000			-280,316,000	-280,316,000	-282,911,000		-275,206,000	-257,556,000	-257,556,000	-247,161,000		-232,082,000	-207,650,000	-206,731,000		-189,653,000	-182,379,000	-207,650,000	-182,379,000	-166,141,000		-153,119,000	-147,578,000	-147,578,000	-128,840,000		-127,652,000	-105,771,000	-105,771,000
depreciation and amortization	-296,000,000	-301,000,000		-301,000,000	-315,000,000				-356,000,000		-351,000,000	-340,000,000	-340,000,000				-311,000,000	-243,000,000			-223,000,000	-223,000,000	-215,942,000		-219,122,000	-211,111,000	-211,111,000	-214,069,000			-169,567,000	-169,567,000	-171,089,000		-170,688,000	-165,870,000	-165,870,000	-161,178,000		-162,573,000	-156,417,000	-142,767,000		-134,206,000	-129,474,000	-156,417,000	-129,474,000	-117,688,000		-109,275,000	-102,022,000	-102,022,000	-88,500,000		-80,566,000	-74,166,000	-74,166,000
consumables, food and beverage	-301,000,000	-269,000,000		-269,000,000	-327,000,000				-264,000,000		-244,000,000	-180,000,000	-180,000,000				-191,000,000	-203,000,000			-174,000,000	-174,000,000	-179,414,000		-169,893,000	-144,432,000	-144,432,000	-150,458,000			-108,602,000	-108,602,000	-122,071,000		-129,792,000	-115,037,000	-115,037,000	-125,703,000		-123,704,000	-105,675,000	-119,572,000		-114,399,000	-99,070,000	-105,675,000	-99,070,000	-102,596,000		-95,832,000	-84,529,000	-84,529,000	-89,519,000		-81,904,000	-67,633,000	-67,633,000
total hotel operating costs	-3,752,000,000	-3,604,000,000		-3,604,000,000	-3,731,000,000				-2,885,000,000		-2,739,000,000	-2,463,000,000	-2,463,000,000				-2,377,000,000	-1,834,000,000			-1,735,000,000	-1,735,000,000	-1,657,803,000		-1,575,100,000	-1,506,035,000	-1,506,035,000	-1,504,070,000			-1,198,962,000	-1,198,962,000	-1,249,701,000		-1,217,412,000	-1,200,459,000	-1,200,459,000	-1,166,759,000		-1,088,159,000	-1,058,624,000	-983,259,000		-928,860,000	-916,982,000	-1,058,624,000	-916,982,000	-823,214,000		-746,557,000	-735,181,000	-735,181,000	-630,025,000		-580,436,000	-549,368,000	-549,368,000
other operating costs	-11,000,000	-11,000,000	22,000,000	-11,000,000	-6,000,000	15,000,000	17,000,000	39,000,000	-14,000,000		-12,000,000	-12,000,000	-12,000,000			8,000,000		-11,000,000			-7,000,000	-7,000,000	-1,685,000		-2,137,000	-2,842,000	-2,842,000	-4,816,000			-1,933,000	-1,933,000	-2,258,000		-3,029,000
selling and marketing expenses	-309,000,000	-243,000,000	552,000,000	-243,000,000	-317,000,000	577,000,000	457,000,000	445,000,000	-189,000,000		-161,000,000	-107,000,000	-107,000,000			146,000,000	-146,000,000	-113,000,000			-77,000,000	-77,000,000	-91,322,000		-83,090,000	-65,826,000	-65,826,000	-51,561,000			-34,268,000	-34,268,000	-31,264,000		-36,064,000	-33,055,000	-33,055,000	-42,383,000		-44,566,000	-45,828,000	-53,610,000		-37,252,000	-31,394,000	-45,828,000	-31,394,000	-37,280,000		-31,947,000	-23,813,000	-23,813,000	-24,316,000		-27,327,000	-22,211,000	-22,211,000	-24,857,000		-22,693,000	-17,897,000	-20,557,000		-16,507,000	-14,511,000	-14,511,000
general and administrative expenses	-660,000,000	-512,000,000	1,172,000,000	-512,000,000	-602,000,000	1,111,000,000	902,000,000	1,235,000,000	-388,000,000		-392,000,000	-328,000,000	-328,000,000			316,000,000	-316,000,000	-277,000,000			-206,000,000	-206,000,000	-233,353,000		-189,514,000	-158,752,000	-158,752,000	-153,725,000			-165,343,000	-165,343,000	-123,233,000		-118,868,000	-106,607,000	-106,607,000	-101,426,000		-95,408,000	-77,942,000	-99,520,000		-78,280,000	-61,344,000	-77,942,000	-61,344,000	-68,762,000		-71,233,000	-58,900,000	-58,900,000	-55,734,000		-51,798,000	-48,812,000	-48,812,000	-39,359,000		-42,361,000	-34,551,000	-35,169,000		-25,621,000	-25,808,000	-25,808,000
pre-opening expenses	-12,000,000	-3,000,000	15,000,000	-3,000,000	-19,000,000	27,000,000	21,000,000	82,000,000	-15,000,000		-16,000,000	-21,000,000	-21,000,000			111,000,000	-111,000,000	-126,000,000			-104,000,000	-104,000,000	-59,894,000		-65,612,000	-75,271,000	-75,271,000	-67,632,000			-24,112,000	-24,112,000	-16,710,000		-13,371,000	-22,019,000	-22,019,000	-27,649,000		-31,553,000	-34,593,000	-44,983,000		-50,072,000	-48,023,000	-34,593,000	-48,023,000	-52,438,000		-55,881,000	-53,967,000	-53,967,000	-63,230,000		-56,269,000	-41,355,000	-41,355,000	-54,015,000		-46,548,000	-34,275,000	-35,528,000		-18,564,000	-11,216,000	-11,216,000
total operating costs and expenses	-4,744,000,000	-4,373,000,000	9,117,000,000	-4,373,000,000	-4,675,000,000	9,026,000,000	8,129,000,000	10,631,000,000	-3,491,000,000		-3,320,000,000	-2,931,000,000	-2,931,000,000			2,958,000,000	-2,958,000,000	-2,361,000,000			-2,129,000,000	-2,129,000,000	-2,044,057,000		-1,915,453,000	-1,808,726,000	-1,808,726,000	-1,781,804,000			-1,424,618,000	-1,424,618,000	-1,423,166,000		-1,388,744,000	-1,362,140,000	-1,362,140,000	-1,338,217,000		-1,259,686,000	-1,216,987,000	-1,181,372,000		-1,094,464,000	-1,057,743,000	-1,216,987,000	-1,057,743,000	-981,694,000		-905,618,000	-871,861,000	-871,861,000	-773,305,000		-715,830,000	-661,746,000	-661,746,000	-570,810,000		-507,275,000	-447,990,000	-402,369,000		-334,325,000	-323,737,000	-323,737,000
other operating income	105,000,000	60,000,000	165,000,000	60,000,000	99,000,000	175,000,000	168,000,000	275,000,000	40,000,000		362,000,000	29,000,000		110,000,000			88,000,000	9,000,000		29,000,000	6,000,000	6,000,000	51,268,000		65,209,000	24,088,000	24,088,000	137,000		29,619,000	-1,145,000		399,000		-4,787,000	-5,091,000	-5,091,000	19,718,000		1,589,000	-4,152,000	-4,018,000		5,743,000	3,879,000	-4,152,000	3,879,000
income from operations	1,787,000,000	1,082,000,000	2,869,000,000	1,082,000,000	1,572,000,000	2,575,000,000	2,049,000,000	-200,000,000										703,000,000		657,000,000	264,000,000	264,000,000	774,772,000		671,036,000	306,586,000	306,586,000	591,344,000		442,706,000	167,343,000	167,343,000	351,039,000		263,388,000	70,754,000	70,754,000	281,681,000		199,662,000	-10,769,000	202,111,000		158,250,000	-19,845,000	-10,769,000	-19,845,000	171,073,000		129,192,000	-4,924,000	-4,924,000	120,332,000		82,404,000	-12,288,000	-12,288,000	55,876,000		40,465,000	-23,555,000	103,687,000		104,538,000	17,208,000	17,208,000
yoy	13.68%	-57.98%	40.02%	-641.00%														166.29%			-60.66%	-13.89%	152.71%			-30.75%	83.21%	253.37%			-36.47%	136.51%	396.14%			-64.56%	-757.02%	39.37%		26.17%	-45.73%	-1976.79%		-7.50%		-108.34%	303.03%	-3574.27%			-105.98%	-59.93%	-1079.26%			-130.37%	-47.83%	-46.11%		-61.29%	-236.88%	502.55%
qoq	65.16%	-62.29%	165.16%	-31.17%	-38.95%	25.67%	-1124.50%													148.86%	0.00%	-65.93%			118.87%	0.00%	-48.15%			164.55%	0.00%	-52.33%			272.26%	0.00%	-74.88%			-1954.04%	-105.33%			-897.43%	84.28%	-45.73%	-111.60%			-2723.72%	0.00%	-104.09%			-770.61%	0.00%	-121.99%			-271.79%	-122.72%			507.50%	0.00%
operating margin %	27.81%	20.06%	Infinity%	20.06%	25.57%	Infinity%	Infinity%	-Infinity%	0%	NaN%	NaN%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%
interest income	52,000,000	49,000,000	101,000,000	49,000,000	56,000,000	107,000,000	101,000,000	60,000,000	25,000,000		17,000,000	22,000,000	22,000,000	31,000,000		29,000,000	29,000,000	46,000,000		41,000,000	33,000,000	33,000,000	41,870,000		39,000,000	34,193,000	34,193,000	31,807,000		21,792,000	18,332,000	18,332,000	19,154,000		15,472,000	9,801,000	9,801,000	6,277,000		7,757,000	3,671,000	5,798,000		4,838,000	4,653,000	3,671,000	4,653,000	2,294,000		1,014,000	1,229,000	1,229,000	3,932,000		4,210,000	3,102,000	3,102,000	4,490,000		4,517,000	3,904,000	5,232,000		1,526,000	663,000	663,000
interest expense	-91,000,000	-74,000,000	165,000,000	-74,000,000	-84,000,000	167,000,000	224,000,000	-292,000,000	-101,000,000		-102,000,000	-110,000,000	-110,000,000			137,000,000	-137,000,000	-72,000,000			-77,000,000	-77,000,000	-63,306,000		-58,827,000	-51,457,000	-51,457,000	-34,797,000			-2,358,000	-2,358,000	-2,158,000		-3,541,000	-3,067,000	-3,067,000	-1,908,000		-168,000	-173,000	-631,000		-320,000	-408,000	-173,000	-408,000
other income	15,000,000	22,000,000	37,000,000	22,000,000	24,000,000	64,000,000	546,000,000	74,000,000	4,000,000		-61,000,000	262,000,000	262,000,000				-102,000,000	86,000,000		135,000,000	65,000,000	65,000,000	16,286,000		194,989,000	-8,836,000	-8,836,000	51,123,000		74,312,000	27,049,000	27,049,000	11,577,000		109,724,000	15,661,000	15,661,000	-766,000		3,815,000	-1,030,000	-316,000		5,545,000	-63,000	-1,030,000	-63,000	368,000		1,143,000	373,000	373,000	377,000		1,082,000	375,000	375,000	427,000		410,000	1,059,000	399,000		406,000
gains from fair value changes of equity securities	-1,000,000	-12,000,000			-51,000,000
foreign exchange gains	366,000,000	208,000,000			-24,000,000
income before income taxes	2,128,000,000	1,275,000,000	3,403,000,000	1,275,000,000	1,493,000,000	2,450,000,000	2,565,000,000	-1,679,000,000	-152,000,000		510,000,000	-360,000,000	-360,000,000				-2,128,000,000	683,000,000		934,000,000	163,000,000	163,000,000	948,418,000		513,789,000	173,818,000	173,818,000	633,644,000		518,363,000	204,988,000	204,988,000	381,412,000		390,969,000	91,563,000	91,563,000	292,077,000		207,403,000	-8,150,000	206,937,000		168,350,000	-15,905,000	-8,150,000	-15,905,000
income tax benefit	-565,000,000	-377,000,000		-377,000,000	-423,000,000			4,000,000	13,000,000		-132,000,000	122,000,000	122,000,000	50,000,000			30,000,000																				-27,713,000				934,000				2,791,000	934,000						4,551,000									2,409,000
income from equity method investments	-4,000,000	1,000,000		1,000,000	12,000,000		-27,000,000	-39,000,000	3,000,000		-1,000,000																	-3,279,000				-4,654,000	2,277,000		-3,146,000	3,291,000	3,291,000
net income	1,559,000,000	899,000,000	2,458,000,000	899,000,000	1,082,000,000	1,749,000,000	2,036,000,000	-1,722,000,000	-136,000,000			-258,000,000	-258,000,000				-2,158,000,000	432,000,000		605,000,000	99,000,000	99,000,000	675,143,000		339,551,000	125,793,000	125,793,000	471,919,000		387,202,000	147,991,000	147,991,000	289,485,000		310,366,000	67,141,000	67,141,000	224,787,000		150,971,000	-7,216,000	147,425,000		120,722,000	-13,114,000	-7,216,000	-13,114,000	126,931,000		95,863,000	943,000	943,000	97,904,000		70,488,000	-8,700,000	-8,700,000	59,176,000		40,670,000	-13,348,000	90,062,000		82,025,000	13,671,000
yoy	44.09%	-48.60%	20.73%	-152.21%	-895.59%			567.44%	-47.29%				-88.04%				-2279.80%	336.36%			-70.84%	-21.30%	436.71%			-67.51%	-15.00%	218.88%			-52.32%	120.42%	331.16%			-55.53%	-1030.45%	52.48%		25.06%	-44.97%	-2143.03%		-4.89%		-107.53%	-1490.67%	13360.34%			-98.66%	-110.84%	-1225.33%			-121.39%	-34.82%	-34.29%		-50.42%	-197.64%
qoq	73.41%	-63.43%	173.41%	-16.91%	-38.14%	-14.10%	-218.23%	1166.18%				0.00%					-599.54%			511.11%	0.00%	-85.34%			169.93%	0.00%	-73.34%			161.64%	0.00%	-48.88%			362.26%	0.00%	-70.13%			-2192.17%	-104.89%			-1020.56%	81.74%	-44.97%	-110.33%			10065.75%	0.00%	-99.04%			-910.21%	0.00%	-114.70%			-404.69%	-114.82%			499.99%
net income margin %	24.26%	16.66%	Infinity%	16.66%	17.60%	Infinity%	Infinity%	-Infinity%	-3.86%	NaN%	NaN%	-11.09%	-Infinity%	NaN%	NaN%	NaN%	-Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	Infinity%	NaN%	Infinity%	Infinity%	NaN%
net loss attributable to noncontrolling interest	-15,000,000	-5,000,000		-5,000,000					-1,000,000			10,000,000	10,000,000				23,000,000			8,000,000	7,000,000	7,000,000	-7,391,000
net income attributable to h world group limited	1,544,000,000	894,000,000	2,438,000,000	894,000,000	1,067,000,000	1,726,000,000	2,005,000,000	-1,697,000,000
gain arising from defined benefit plan, net of tax									1,000,000								3,000,000
gains from fair value changes of debt securities, net of tax	4,000,000				-25,000,000
foreign currency translation adjustments, net of tax	-66,000,000	-58,000,000		-58,000,000	1,000,000				-28,000,000			-55,000,000	-55,000,000	237,000,000			-67,000,000	-65,000,000			93,000,000	93,000,000	-147,736,000		-166,745,000	125,174,000	125,174,000	71,077,000		46,190,000	1,113,000	1,113,000	-1,547,000		-6,003,000	1,834,000	1,834,000	1,789,000		316,000	-1,912,000	-606,000		48,000	602,000	-1,912,000
comprehensive income	1,497,000,000	841,000,000	2,338,000,000	841,000,000	1,058,000,000	1,694,000,000	2,278,000,000		-163,000,000			-313,000,000	-313,000,000	25,000,000			-2,222,000,000	367,000,000		541,000,000	192,000,000	192,000,000	527,407,000		172,806,000	250,967,000	250,967,000	537,239,000		418,336,000	154,103,000	154,103,000	298,333,000		253,409,000	54,784,000	54,784,000	158,219,000		158,684,000	13,301,000	179,042,000		147,852,000	-12,512,000	13,301,000	-12,512,000	126,617		95,302	729	729	98,030		71,650	-8,469	-8,469
comprehensive loss attributable to noncontrolling interest	-15,000,000	-5,000,000		-5,000,000					-1,000,000			10,000,000					23,000,000			8,000,000	7,000,000	7,000,000	-7,391,000		-1,124,000	2,731,000	2,731,000	-1,858,000		2,437,000	92,000
comprehensive income attributable to h world group limited	1,482,000,000	836,000,000	2,318,000,000	836,000,000	1,043,000,000	1,671,000,000	2,247,000,000
earnings per share:
basic	0.5	0.29	0.79	0.29		0.55						-0.08	-0.8				-7.46	1.51		2.16	0.37	0.37	2.37		1.2	0.46	0.46	1.68		1.4	0.53	0.53	1.06		1.14	0.26	0.26	0.89		0.59	-0.03	0.6		0.5	-0.05	-0.03	-0.05
diluted	0.48	0.28	0.77	0.28		0.54						-0.08	-0.8				-7.46	1.45		2.05	0.36	0.36	2.23		1.14	0.44	0.44	1.62		1.35	0.52	0.52	1.03		1.11	0.25	0.25	0.87		0.58	-0.03	0.59		0.49	-0.05	-0.03	-0.05
earnings per ads:
basic	5.03	2.91		2.91					-0.44			-0.8															1.83	6.72		5.58	2.13	2.13	4.24		4.56	1.03	1.03	3.58		2.37	-0.11	2.4		2	-0.22	-0.11	-0.22
diluted	4.85	2.85		2.85					-0.44			-0.8															1.75	6.5		5.41	2.06	2.06	4.12		4.44	1.01	1.01	3.49		2.32	-0.11	2.36		1.97	-0.22	-0.11	-0.22
weighted-average number of shares used in computation:
basic	3,071,789,285	3,066,765,293	3,069,285,390	3,066,765,293	3,137,722,145	3,138,594,148	3,180,817,047	3,111,759,089	3,115,104,798	3,114,124,244		3,109,432,473	310,943,247	291,675,396	292,739,841	286,013,704	286,013,704	284,657,577	284,305,138	284,029,267	283,251,520	283,251,520	282,149	281,717,485	281,495	280,701	280,701	279,631	279,272,140	279,101	278,472	278,472	277,169	275,139,070	276,496	269,131	269,131	249,956	250,533,204	251,338	251,042	249,552	248,957,645	248,339	247,955	251,042	247,955		245,187,348					243,284,332					241,928,286				198,517,280
diluted	3,241,412,875	3,232,049,635	3,238,797,601	3,232,049,635	3,303,934,814	3,300,316,153	3,349,256,828	3,111,759,089	3,115,104,798	3,114,124,244		3,109,432,473	310,943,247	291,675,396	292,739,841	286,013,704	286,013,704	304,311,266	304,309,890	304,526,084	293,449,989	293,449,989	303,605	303,605,809	303,963	293,243	293,243	289,317	293,073,978	288,316	287,313	287,313	285,426	282,889,494	284,009	275,949	275,949	256,083	256,104,167	257,161	251,042	253,608	253,004,204	252,082	247,955	251,042	247,955		249,486,284					246,981,001					246,181,202				234,480,894
revenues:
total revenues			11,821,000,000			11,426,000,000	10,010,000,000	10,156,000,000			3,587,000,000																	2,373,011,000			1,593,106,000	1,593,106,000	1,773,806,000		1,690,561,000	1,520,492,000	1,520,492,000	1,693,356,000		1,542,384,000	1,281,824,000	1,471,503,000		1,323,006,000	1,097,808,000	1,281,824,000	1,097,808,000	1,216,102,000		1,097,073,000	919,283,000	919,283,000	947,642,000		846,415,000	688,555,000	688,555,000	664,479,000		580,794,000	450,384,000	534,992,000		464,022,000	360,730,000	360,730,000
hotel operating costs			7,356,000,000			7,296,000,000	6,732,000,000	8,830,000,000								2,377,000,000																																										-452,579,000		-395,673,000	-361,267,000	-311,115,000		-273,633,000	-272,202,000	-272,202,000
losses from fair value changes of equity securities			-13,000,000			-13,000,000	-6,000,000
foreign exchange gain			574,000,000	208,000,000		-116,000,000	99,000,000	-822,000,000	-92,000,000		85,000,000	-197,000,000	-197,000,000	48,000,000			-58,000,000	-108,000,000		35,000,000	-32,000,000	-32,000,000	-433,000		-131,646,000	30,012,000	30,012,000	-5,833,000			-5,378,000	-5,378,000	1,800,000		5,926,000	-1,586,000	-1,586,000	6,793,000		-3,663,000	151,000	-25,000		37,000	-242,000	151,000	-242,000	31,000		105,000	-75,000	-75,000	-248,000		-1,463,000	-643,000	-643,000	5,770,000		4,369,000	3,059,000	4,011,000		-303,000	-29,000
income tax expense			942,000,000			702,000,000												-191,000,000			-31,000,000	-31,000,000	-254,843,000		-163,575,000	-44,465,000	-44,465,000	-158,446,000			-52,343,000	-52,343,000	-94,204,000		-77,457,000	-27,713,000		-67,290,000		-56,432,000		-59,512,000		-47,628,000			2,791,000	-46,637,000		-35,385,000	4,551,000		-26,289,000		-15,536,000	967,000	967,000	-7,174,000		-8,859,000		-23,140,000		-23,403,000	-2,626,000
gain from equity method investments			-3,000,000			1,000,000						-20,000,000	-20,000,000				-60,000,000	-60,000,000			-33,000,000	-33,000,000
less: net income attributable to noncontrolling interest			20,000,000			23,000,000	31,000,000	-25,000,000
other comprehensive income
loss arising from defined benefit plan, net of tax of nil and rmb0 for the six months ended june 30, 2024 and 2025, respectively.
gain from fair value changes of debt securities, net of tax of rmb (8) and rmb1 for the six months ended june 30, 2024 and 2025, respectively			4,000,000
foreign currency translation adjustments, net of tax of nil for the six months ended june 30, 2024 and 2025			-124,000,000
less: comprehensive income attributable to the noncontrolling interest			20,000,000			23,000,000	31,000,000
gain from fair value changes of equity securities				-12,000,000
gain from fair value changes of debt securities, net of tax
net (income) loss attributable to noncontrolling interest					-15,000,000
comprehensive (income) loss attributable to noncontrolling interest					-15,000,000								10,000,000
earnings (losses) per share:
basic					0.34				-0.04
diluted					0.33				-0.04
earnings (losses) per ads:

gain from fair value changes of debt securities, net of tax of rmb7 and rmb for the six months ended june 30, 2023 and 2024, respectively						-25,000,000
foreign currency translation adjustments, net of tax of nil for the six months ended june 30, 2023 and 2024						-30,000,000
income tax (benefit) expense							502,000,000
gain arising from defined benefit plan, net of tax of rmb0 and nil for the six months ended june 30, 2022 and 2023, respectively
gains from fair value changes of debt securities, net of tax of nil and rmb 7 for the six months ended june 30, 2022 and 2023, respectively							20,000,000
foreign currency translation adjustments, net of tax of nil for the six months ended june 30, 2022 and 2023, respectively							222,000,000
(losses) earnings per share:
basic							0.63
diluted							0.62
unrealized gains from fair value changes of equity securities								-499,000,000	-60,000,000		-58,000,000	238,000,000	238,000,000	39,000,000			-1,003,000,000	28,000,000		149,000,000	-90,000,000	-90,000,000	179,229,000		-200,763,000	-136,680,000
gain arising from defined benefit plan, net of tax of rmb0 and rmb0 for the nine months ended september 30, 2021 and 2022, respectively
foreign currency translation adjustments, net of tax of nil for the nine months ended september 30, 2021 and 2022, respectively								29,000,000
comprehensive loss								-1,693,000,000
less: comprehensive loss attributable to the noncontrolling interest								-25,000,000
comprehensive loss attributable to h world group limited								-1,668,000,000
losses per share:
basic								-0.55
diluted								-0.55
goodwill impairment loss
income (losses) from operations									72,000,000		629,000,000	-575,000,000	-575,000,000				-857,000,000
net income attributable to huazhu group limited									-137,000,000			-248,000,000	-248,000,000				-2,135,000,000	431,000,000		613,000,000	106,000,000	106,000,000	667,752,000		338,427,000	128,524,000
comprehensive income attributable to huazhu group limited									-164,000,000			-303,000,000		18,000,000			-2,199,000,000	366,000,000		549,000,000	199,000,000	199,000,000	520,016,000		171,682,000	253,698,000
net revenues													2,327,000,000	3,158,000,000		2,013,000,000	2,013,000,000	3,055,000,000		2,859,000,000	2,387,000,000	2,387,000,000	2,767,561,000		2,521,280,000	2,091,224,000	2,091,224,000	2,373,011,000		1,989,181,000	1,593,106,000	1,593,106,000	1,773,806,000		1,656,919,000	1,437,985,000	1,437,985,000	1,600,180,000		1,457,759,000	1,210,370,000	1,387,501,000		1,246,971,000	1,034,019,000	1,210,370,000	1,034,019,000	1,146,666,000		1,034,810,000	866,937,000	866,937,000	893,637,000		798,234,000	649,458,000	649,458,000	626,686,000		547,740,000	424,435,000	506,056,000		438,863,000	340,945,000	340,945,000
other operating income (expense)													29,000,000
comprehensive income (loss) attributable to huazhu group limited													-303,000,000
earnings per share/ads:
basic	0.5	0.29	0.79	0.29		0.55						-0.08	-0.8				-7.46	1.51		2.16	0.37	0.37	2.37		1.2	0.46	0.46	1.68		1.4	0.53	0.53	1.06		1.14	0.26	0.26	0.89		0.59	-0.03	0.6		0.5	-0.05	-0.03	-0.05
diluted	0.48	0.28	0.77	0.28		0.54						-0.08	-0.8				-7.46	1.45		2.05	0.36	0.36	2.23		1.14	0.44	0.44	1.62		1.35	0.52	0.52	1.03		1.11	0.25	0.25	0.87		0.58	-0.03	0.59		0.49	-0.05	-0.03	-0.05
other operating (expenses) income																88,000,000
unrealized gains (losses) from fair value changes of equity securities
less: net (loss) income attributable to noncontrolling interest
net income (loss) attributable to huazhu group limited
gain arising from defined benefit plan, net of tax nil (unaudited) and 0.1 for the three months ended march 31, 2019 (unaudited) and 2020, respectively																3,000,000
foreign currency translation adjustments, net of tax of nil for three months ended march 31, 2019 and 2020, respectively
rmb
earnings per share/ads2:
basic	0.5	0.29	0.79	0.29		0.55						-0.08	-0.8				-7.46	1.51		2.16	0.37	0.37	2.37		1.2	0.46	0.46	1.68		1.4	0.53	0.53	1.06		1.14	0.26	0.26	0.89		0.59	-0.03	0.6		0.5	-0.05	-0.03	-0.05
diluted	0.48	0.28	0.77	0.28		0.54						-0.08	-0.8				-7.46	1.45		2.05	0.36	0.36	2.23		1.14	0.44	0.44	1.62		1.35	0.52	0.52	1.03		1.11	0.25	0.25	0.87		0.58	-0.03	0.59		0.49	-0.05	-0.03	-0.05
(loss) from equity method investments																							-18,432,000		-10,663,000	-3,560,000	-3,560,000
unrealized securities holding gains, net of tax																												-5,757,000			8,736,000	8,736,000	10,395,000		4,064,000	-1,288,000	-1,288,000	-68,357,000			22,429,000	32,223,000
reclassification of gains realized to net income, net of tax																															-3,737,000
earnings per share/ads1:
basic	0.5	0.29	0.79	0.29		0.55						-0.08	-0.8				-7.46	1.51		2.16	0.37	0.37	2.37		1.2	0.46	0.46	1.68		1.4	0.53	0.53	1.06		1.14	0.26	0.26	0.89		0.59	-0.03	0.6		0.5	-0.05	-0.03	-0.05
diluted	0.48	0.28	0.77	0.28		0.54						-0.08	-0.8				-7.46	1.45		2.05	0.36	0.36	2.23		1.14	0.44	0.44	1.62		1.35	0.52	0.52	1.03		1.11	0.25	0.25	0.87		0.58	-0.03	0.59		0.49	-0.05	-0.03	-0.05
less: net loss attributable to noncontrolling interest																									-1,124,000	2,731,000	2,731,000	-1,858,000			92,000	92,000
unrealized securities holding (losses), net of tax
earnings per share/ads3:
basic	0.5	0.29	0.79	0.29		0.55						-0.08	-0.8				-7.46	1.51		2.16	0.37	0.37	2.37		1.2	0.46	0.46	1.68		1.4	0.53	0.53	1.06		1.14	0.26	0.26	0.89		0.59	-0.03	0.6		0.5	-0.05	-0.03	-0.05
diluted	0.48	0.28	0.77	0.28		0.54						-0.08	-0.8				-7.46	1.45		2.05	0.36	0.36	2.23		1.14	0.44	0.44	1.62		1.35	0.52	0.52	1.03		1.11	0.25	0.25	0.87		0.58	-0.03	0.59		0.49	-0.05	-0.03	-0.05
unrealized gain from fair value changes of equity securities																											-136,680,000
net income attributable to china lodging group, limited																											128,524,000	470,061,000		389,639,000	148,083,000	148,083,000	293,869,000		315,500,000	69,388,000	69,388,000	223,649,000		149,186,000	-6,993,000	149,599,000		124,244,000	-13,334,000	-6,993,000	-13,334,000	124,919,000		96,331,000	69,000	69,000	95,792,000		70,331,000	-9,429,000	-9,429,000	58,177,000		40,311,000	-13,955,000	88,682,000		79,702,000	12,448,000
comprehensive income attributable to china lodging group, limited																											253,698,000	535,381,000		420,773,000	154,195,000	154,195,000	302,717,000		258,543,000	57,031,000	57,031,000	157,081,000		156,899,000	13,524,000	181,216,000		151,374,000	-12,732,000	13,524,000	-12,732,000	124,605		95,770	-145	-145	95,918		71,493	-9,198	-9,198
less: business tax and related
less: net loss (income) attributable to noncontrolling interest																														2,437,000
less: business tax and related taxes
loss from equity method investments																															-4,654,000
other operating expense																																-1,145,000
reclassification adjustment of unrealized securities holding gains, net of tax, for gain included in net income																																-3,737,000			-55,018,000	-12,903,000	-12,903,000
comprehensive loss attributable to the noncontrolling interest																																92,000	4,384,000		5,134,000	2,247,000	2,247,000	-1,138,000		-1,785,000	223,000	2,174,000		3,522,000		223,000
less: business tax and related surcharges																																			-33,642,000	-82,507,000	-82,507,000	-93,176,000		-84,625,000	-71,454,000	-84,002,000		-76,035,000	-63,789,000	-71,454,000	-63,789,000	-69,436,000		-62,263,000	-52,346,000	-52,346,000	-54,005,000		-48,181,000	-39,097,000	-39,097,000	-37,793,000		-33,054,000	-25,949,000	-28,936,000		-25,159,000	-19,785,000	-19,785,000
less: net loss attributable to noncontrolling interests																																	4,384,000		5,134,000	2,247,000	2,247,000	-1,138,000		-1,785,000	223,000	2,174,000		3,522,000		223,000
leased hotels																																						1,374,492,000		1,269,125,000	1,055,541,000	1,256,926,000		1,145,597,000	959,056,000	1,055,541,000	959,056,000	1,066,240,000		963,305,000	804,692,000	804,692,000	846,687,000		764,633,000	627,006,000	627,006,000
unrealized securities holding gain, net of tax																																								7,397,000
unrealized securities holding gains , net of tax																																												27,082,000
manchised and franchised hotels																																													138,752,000					133,768,000	114,591,000	114,591,000
less: net income attributable to noncontrolling interests																																													-220,000		-220,000
comprehensive income attributable to the noncontrolling interest																																													-220,000		-220,000	-2,012		468	-874	-874	-2,112		-157	-729	-729
unrealized securities holding gains (loss), net of tax																																														22,429,000
foreign currency translation adjustments																																															602,000	-314		-561	-214	-214	126		1,162	231	231
weighted-average number of shares used in compution:
basic	3,071,789,285	3,066,765,293	3,069,285,390	3,066,765,293	3,137,722,145	3,138,594,148	3,180,817,047	3,111,759,089	3,115,104,798	3,114,124,244		3,109,432,473	310,943,247	291,675,396	292,739,841	286,013,704	286,013,704	284,657,577	284,305,138	284,029,267	283,251,520	283,251,520	282,149	281,717,485	281,495	280,701	280,701	279,631	279,272,140	279,101	278,472	278,472	277,169	275,139,070	276,496	269,131	269,131	249,956	250,533,204	251,338	251,042	249,552	248,957,645	248,339	247,955	251,042	247,955		245,187,348					243,284,332					241,928,286				198,517,280
diluted	3,241,412,875	3,232,049,635	3,238,797,601	3,232,049,635	3,303,934,814	3,300,316,153	3,349,256,828	3,111,759,089	3,115,104,798	3,114,124,244		3,109,432,473	310,943,247	291,675,396	292,739,841	286,013,704	286,013,704	304,311,266	304,309,890	304,526,084	293,449,989	293,449,989	303,605	303,605,809	303,963	293,243	293,243	289,317	293,073,978	288,316	287,313	287,313	285,426	282,889,494	284,009	275,949	275,949	256,083	256,104,167	257,161	251,042	253,608	253,004,204	252,082	247,955	251,042	247,955		249,486,284					246,981,001					246,181,202				234,480,894
other operating income *																																																6,101,000
interest expenses																																																-198,000		-206,000	-211,000	-211,000	-200,000		-209,000	-213,000	-213,000	-213,000		-232,000	-224,000	-127,000		-739,000	-1,545,000
income before income tax																																																173,568,000		131,248,000	-3,608,000	-3,608,000	124,193,000		86,024,000	-9,667,000	-9,667,000	66,350,000		49,529,000	-15,757,000	113,202,000		105,428,000	16,297,000
net income attributable to noncontrolling interests																																																-2,012,000				-874,000	-2,112,000		-157,000	-729,000	-729,000	-999,000		-359,000	-607,000	-1,380,000		-2,323,000	-1,223,000
earnings per share
— basic																																																0.51		0.39	244,542	244,542	0.39		0.29	-0.04	-0.04	0.24		0.17	-0.06	0.37		0.33	0.07
— diluted																																																0.5		0.39	248,840	248,840	0.39		0.29	-0.04	-0.04	0.24		0.16	-0.06	0.36		0.32	0.06
earnings per ads
weighted-average ordinary shares outstanding
other comprehensive income , net of tax
* other operating income mainly includes government grants and gain from government zoning, which was reclassified from general and administrative expenses.
net loss attributable to noncontrolling interests																																																		468,000	-874,000
other comprehensive income, net of tax
net earnings per share
net earnings per ads
managed hotels																																																									61,549,000
leased-and-operated hotels																																																										606,073,000		529,733,000	410,390,000	497,742,000		432,880,000	339,161,000	339,161,000
franchised-and-managed hotels																																																										58,406,000		51,061,000	39,994,000	37,250,000		31,142,000	21,569,000	21,569,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-17	2025-09-30	2025-08-20	2025-06-30	2025-05-20	2024-12-31	2024-09-30	2024-06-30	2023-12-31	2023-06-30	2022-12-31	2022-09-30	2022-03-23	2021-12-31	2021-11-24	2021-08-24	2021-06-30	2021-05-25	2021-03-31	2020-12-31	2020-09-30	2020-07-02	2020-06-30	2020-03-31	2020-03-27	2019-12-31	2019-11-13	2019-09-30	2019-08-22	2019-06-30	2019-05-23	2019-03-31	2019-03-15	2018-12-31	2018-11-16	2018-09-30	2018-08-23	2018-06-30	2018-05-15	2018-03-31	2018-03-15	2017-12-31	2017-11-30	2017-09-30	2017-08-17	2017-06-30	2017-05-11	2017-03-31	2017-03-15	2016-12-31	2016-11-14	2016-09-30	2016-08-16	2016-06-30	2016-05-11	2016-03-31	2016-03-11	2015-12-31	2015-11-10	2015-09-30	2015-08-17	2015-06-30	2015-03-31	2015-03-10	2014-12-31	2014-11-12	2014-09-30	2014-08-11	2014-06-30	2014-05-14	2014-05-13	2014-03-31	2014-03-11	2013-12-31	2013-11-12	2013-09-30	2013-08-15	2013-06-30	2013-05-10	2013-03-31	2013-03-06	2012-12-31	2012-11-06	2012-09-30	2012-08-10	2012-06-30	2012-05-10	2012-03-31	2012-03-07	2011-12-31	2011-11-14	2011-09-30	2011-05-11	2011-03-31	2011-03-10	2010-12-31	2010-11-09	2010-09-30	2010-07-30	2010-06-30	2010-05-11	2010-03-31

assets
current assets:
cash and cash equivalents	7,103,000,000	7,103,000,000	10,145,000,000	10,145,000,000	8,184,000,000	7,474,000,000	7,247,000,000	7,801,000,000	6,946,000,000	7,316,000,000	3,583,000,000	5,177,000,000	5,116,000,000	5,116,000,000	5,385,000,000	6,201,000,000	6,201,000,000	5,745,000,000	7,026,000,000	7,026,000,000	1,800,000,000	1,800,000,000	3,699,000,000	1,800,000,000	3,234,000,000	3,234,000,000	4,013,000,000	4,013,000,000	3,346,000,000	3,346,000,000	3,840,000,000	3,840,000,000	4,262,010,000	4,262,000,000	3,927,561,000	3,927,561,000	4,146,471,000	4,146,471,000	3,547,531,000	3,547,531,000	3,474,719,000	3,474,719,000	3,333,108,000	3,333,108,000	2,980,375,000	2,980,375,000	2,375,492,000	2,375,492,000	3,235,007,000	3,235,007,000	3,001,831,000	3,001,831,000	2,466,352,000	2,466,352,000	1,414,760,000	1,414,760,000	799,228,000	1,237,838,000	799,228,000	799,228,000	893,476,000	893,476,000	663,150,000	849,522,000	808,865,000	849,522,000	849,522,000	682,272,000	682,272,000	663,150,000	476,711,000	476,711,000	353,803,000	397,435,000	353,803,000	353,803,000	297,984,000	297,984,000	174,138,000	174,138,000	465,695,000	449,844,000	465,695,000	465,695,000	541,143,000	541,143,000	615,682,000	615,682,000	837,101,000	781,601,000	837,101,000	837,101,000	902,002,000	902,002,000	1,271,710,000	1,060,066,663	1,271,710,000	1,271,710,000	1,285,430,000	1,285,430,000	258,374,000	258,374,000
restricted cash	163,000,000	163,000,000	370,000,000	370,000,000	121,000,000	50,000,000	693,000,000	364,000,000	764,000,000	520,000,000	1,503,000,000	40,000,000	25,000,000	25,000,000	26,000,000	57,000,000	57,000,000	58,000,000	64,000,000	64,000,000	1,675,000,000	1,675,000,000	1,368,000,000	1,675,000,000	10,765,000,000	10,765,000,000	438,000,000	438,000,000	719,000,000	719,000,000	617,000,000	617,000,000	622,308,000	622,000,000	619,879,000	619,879,000	340,439,000	340,439,000	497,176,000	497,176,000	481,348,000	481,348,000	493,512,000	493,512,000	467,500,000	467,500,000	500,000	500,000	500,000	500,000	2,157,000	2,157,000	360,500,000	360,500,000	360,500,000	360,500,000	580,000,000	360,500,000	580,000,000	580,000,000								755,000	755,000		1,755,000	1,755,000	4,247,000	3,317,000	4,247,000	4,247,000	5,547,000	5,547,000	4,102,000	4,102,000	61,455,000	1,790,000	61,455,000	61,455,000	14,955,000	14,955,000	14,495,000	14,495,000	5,500,000	1,500,000	5,500,000	5,500,000	3,245,000	3,245,000	12,275,000	1,275,000	12,275,000	12,275,000	13,270,000	13,270,000	1,000,000	1,000,000
short-term investments	6,053,000,000	6,053,000,000	2,305,000,000		2,682,000,000		735,000,000	1,112,000,000	2,189,000,000	749,000,000	1,788,000,000		2,589,000,000	2,589,000,000	2,906,000,000	2,727,000,000	2,727,000,000		3,903,000,000			1,539,000,000	1,504,000,000	1,539,000,000	2,908,000,000		63,000,000	63,000,000	76,000,000	76,000,000	84,000,000	84,000,000	89,010,000		89,591,000	89,591,000	108,984,000	108,984,000	110,841,000	110,841,000	129,911,000		107,729,000	107,729,000							44,751,000	44,751,000	46,295,000	46,295,000	446,995,000	446,995,000	471,863,000		471,863,000	471,863,000	271,385,000	271,385,000	40,408,000	60,900,000		60,900,000	60,900,000	2,871,000	2,871,000	40,408,000																										100,000,000
accounts receivable	972,000,000	972,000,000	846,000,000	846,000,000	854,000,000	817,000,000	863,000,000	840,000,000	755,000,000	933,000,000	1,113,000,000	1,231,000,000	521,000,000	521,000,000	523,000,000	519,000,000	519,000,000	426,000,000	404,000,000		405,000,000	405,000,000	426,000,000	405,000,000	218,000,000		194,000,000	194,000,000	253,000,000	253,000,000	226,000,000	226,000,000	194,417,000		195,639,000	195,639,000	204,840,000	204,840,000	198,529,000	198,529,000	162,910,000		171,536,000	171,536,000	163,737,000	163,737,000	135,569,000	135,569,000	141,649,000		143,545,000	143,545,000	137,477,000	137,477,000	119,179,000	119,179,000	89,516,000		89,516,000	89,516,000	94,023,000	94,023,000	90,318,000	101,196,000		101,196,000	101,196,000	91,893,000	91,893,000	90,318,000	90,774,000	90,774,000	76,306,000		76,306,000	76,306,000	85,602,000	85,602,000	81,847,000	81,847,000	48,125,000		48,125,000	48,125,000	50,871,000	50,871,000	41,851,000	41,851,000	33,154,000		33,154,000	33,154,000	31,942,000	31,942,000	22,212,000	21,535,528	22,212,000	22,212,000	24,174,000	24,174,000	20,946,000	20,946,000
loan receivables	99,000,000	99,000,000	145,000,000		162,000,000	190,000,000	149,000,000		163,000,000		124,000,000		218,000,000	218,000,000	218,000,000	214,000,000	214,000,000	287,000,000	304,000,000		297,000,000	222,000,000	238,000,000	222,000,000	193,000,000		192,000,000	192,000,000	181,000,000	181,000,000	165,000,000	165,000,000	93,957,000		104,267,000	104,267,000	115,660,000	115,660,000	160,675,000	160,675,000	380,580,000		86,691,000	86,691,000	65,885,000	65,885,000	20,071,000	20,071,000	22,410,000
amounts due from related parties, current	281,000,000	281,000,000	255,000,000		298,000,000		276,000,000									82,000,000	82,000,000
inventories	61,000,000	61,000,000	62,000,000	62,000,000	58,000,000	60,000,000	63,000,000	61,000,000	59,000,000	65,000,000	70,000,000	83,000,000	88,000,000	88,000,000	85,000,000	82,000,000	82,000,000	86,000,000	89,000,000		90,000,000	90,000,000	92,000,000	90,000,000	57,000,000		47,000,000	47,000,000	37,000,000	37,000,000	41,000,000	41,000,000	40,651,000		39,137,000	39,137,000	30,139,000	30,139,000	27,217,000	27,217,000	24,006,000		27,712,000	27,712,000	33,239,000	33,239,000	23,354,000	23,354,000	21,606,000		21,759,000	21,759,000	21,162,000	21,162,000	22,627,000	22,627,000	25,818,000		25,818,000	25,818,000	27,371,000	27,371,000	29,087,000	32,758,000		32,758,000	32,758,000	29,386,000	29,386,000	29,087,000	30,970,000	30,970,000	31,195,000		31,195,000	31,195,000	34,411,000	34,411,000	32,466,000	32,466,000	32,980,000		32,980,000	32,980,000	31,783,000	31,783,000	27,662,000	27,662,000	26,347,000		26,347,000	26,347,000	20,804,000	20,804,000	10,535,000	18,290,222	10,535,000	10,535,000	7,864,000	7,864,000	7,818,000	7,818,000
other current assets	789,000,000	789,000,000	1,582,000,000		753,000,000	800,000,000	856,000,000		949,000,000		809,000,000		847,000,000	847,000,000	836,000,000	884,000,000	884,000,000	851,000,000	914,000,000		859,000,000	839,000,000	854,000,000	839,000,000	699,000,000		639,000,000	639,000,000	634,000,000	634,000,000	536,000,000	536,000,000	539,928,000		417,917,000	417,917,000	357,850,000	357,850,000	313,216,000	313,216,000	329,140,000		256,941,000	256,941,000	240,112,000	240,112,000	916,022,000	916,022,000	208,929,000		195,395,000	195,395,000	166,912,000	166,912,000	198,195,000	198,195,000	143,869,000		143,869,000	143,869,000	145,908,000	145,908,000	152,179,000	171,339,000		171,339,000	171,339,000	137,233,000	137,233,000	152,179,000	106,777,000	106,777,000	98,188,000		98,188,000	98,188,000	85,244,000	85,244,000	67,292,000	67,292,000	63,886,000		63,886,000	63,886,000	61,478,000	61,478,000	48,999,000	48,999,000	37,659,000		37,659,000	37,659,000	36,525,000	36,525,000	27,585,000	40,176,914	27,585,000	27,585,000	24,193,000	24,193,000	37,381,000	37,381,000
total current assets	15,521,000,000	15,521,000,000	15,668,000,000	15,668,000,000	13,063,000,000	13,215,000,000	10,882,000,000	11,467,000,000	12,056,000,000	10,565,000,000	9,178,000,000	9,563,000,000	9,553,000,000	9,553,000,000	10,127,000,000	10,766,000,000	10,766,000,000	10,588,000,000	12,882,000,000		6,810,000,000	6,810,000,000	8,366,000,000	6,810,000,000	18,256,000,000		5,864,000,000	5,864,000,000	5,489,000,000	5,489,000,000	5,733,000,000	5,733,000,000	6,973,516,000		6,110,550,000	6,110,550,000	5,990,512,000	5,990,512,000	5,531,122,000	5,531,122,000	5,761,124,000		5,094,154,000	5,094,154,000	4,577,596,000	4,577,596,000	4,123,288,000	4,123,288,000	4,174,681,000		4,003,863,000	4,003,863,000	3,788,708,000	3,788,708,000	3,135,126,000	3,135,126,000	2,657,122,000		2,657,122,000	2,657,122,000	1,949,254,000	1,949,254,000	1,464,365,000	1,654,838,000		1,654,838,000	1,654,838,000	1,395,377,000	1,395,377,000	1,464,365,000	1,139,007,000	1,139,007,000	981,302,000		981,302,000	981,302,000	908,953,000	908,953,000	766,199,000	766,199,000	990,536,000		990,536,000	990,536,000	1,000,525,000	1,000,525,000	1,021,289,000	1,021,289,000	1,201,104,000		1,201,104,000	1,201,104,000	1,273,028,000	1,273,028,000	1,489,122,000	1,414,818,095	1,489,122,000	1,489,122,000	1,469,321,000	1,469,321,000	410,648,000	410,648,000
property and equipment	5,361,000,000	5,361,000,000	5,524,000,000	5,524,000,000	5,559,000,000	5,682,000,000	5,971,000,000	5,882,000,000	6,097,000,000	6,403,000,000	6,784,000,000	6,804,000,000	7,056,000,000	7,056,000,000	6,996,000,000	6,982,000,000	6,982,000,000	6,659,000,000	6,682,000,000	6,682,000,000	6,471,000,000	6,471,000,000	6,568,000,000	6,471,000,000	5,854,000,000	5,854,000,000	5,504,000,000	5,504,000,000	5,306,000,000	5,306,000,000	5,108,000,000	5,108,000,000	5,017,790,000	5,018,000,000	4,956,074,000	4,956,074,000	4,676,562,000	4,676,562,000	4,654,417,000	4,654,417,000	4,522,878,000	4,522,878,000	4,478,055,000	4,478,055,000	4,462,948,000	4,462,948,000	3,638,614,000	3,638,614,000	3,710,468,000	3,710,468,000	3,792,742,000	3,792,742,000	3,876,258,000	3,876,258,000	3,884,909,000	3,884,909,000	3,795,565,000	3,805,886,000	3,795,565,000	3,795,565,000	3,855,014,000	3,855,014,000	3,934,551,000	3,860,165,000	3,907,343,000	3,860,165,000	3,860,165,000	3,788,550,000	3,788,550,000	3,934,551,000	3,697,214,000	3,697,214,000	3,445,462,000	3,634,039,000	3,445,462,000	3,445,462,000	3,238,255,000	3,238,255,000	3,032,899,000	3,032,899,000	2,670,518,000	2,951,509,000	2,670,518,000	2,670,518,000	2,448,027,000	2,448,027,000	2,197,399,000	2,197,399,000	1,811,416,000	2,095,794,000	1,811,416,000	1,811,416,000	1,485,005,000	1,485,005,000	1,212,064,000	1,422,432,435	1,212,064,000	1,212,064,000	1,089,906,000	1,089,906,000	1,048,778,000	1,048,778,000
intangible assets	5,079,000,000	5,079,000,000	5,113,000,000	5,113,000,000	4,874,000,000	4,776,000,000	5,302,000,000	5,174,000,000	5,280,000,000	5,475,000,000	5,278,000,000	5,240,000,000	5,385,000,000	5,385,000,000	5,748,000,000	5,902,000,000	5,902,000,000	5,770,000,000	5,945,000,000	5,945,000,000	5,854,000,000	5,854,000,000	5,928,000,000	5,854,000,000	1,662,000,000	1,662,000,000	1,659,000,000	1,659,000,000	1,662,000,000	1,662,000,000	1,665,000,000	1,665,000,000	1,834,235,000	1,834,000,000	1,849,233,000	1,849,233,000	1,624,259,000	1,624,259,000	1,634,631,000	1,634,631,000	1,643,972,000	1,643,972,000	1,800,250,000	1,800,250,000	1,806,383,000	1,806,383,000	339,354,000	339,354,000	342,694,000		495,889,000	495,889,000	487,848,000	487,848,000	220,016,000	220,016,000	110,162,000		110,162,000	110,162,000	112,631,000	112,631,000	112,786,000	101,962,000		101,962,000	101,962,000	103,116,000	103,116,000	112,786,000	103,942,000	103,942,000	98,577,000		98,577,000	98,577,000	97,357,000	97,357,000	98,905,000	98,905,000	117,881,000		117,881,000	117,881,000	120,750,000	120,750,000	67,700,000	67,700,000	56,906,000		56,906,000	56,906,000	56,075,000	56,075,000	36,963,000	57,348,030	36,963,000	36,963,000	34,138,000	34,138,000	20,389,000	20,389,000
operating lease right-of-use assets	25,219,000,000	25,219,000,000	25,073,000,000	25,073,000,000	24,892,000,000	24,992,000,000	25,691,000,000	25,814,000,000	25,658,000,000	28,865,000,000	28,970,000,000	28,610,000,000	29,942,000,000	29,942,000,000	30,111,000,000	29,787,000,000	29,787,000,000	28,631,000,000	28,980,000,000	28,980,000,000	29,567,000,000	29,567,000,000	29,321,000,000	29,567,000,000	20,875,000,000	20,875,000,000	20,729,000,000	20,729,000,000	20,914,000,000	20,914,000,000	20,533,000,000	20,533,000,000
finance lease right-of-use assets	2,446,000,000	2,446,000,000	2,490,000,000	2,490,000,000	2,323,000,000	2,272,000,000	2,306,000,000	2,053,000,000	2,171,000,000	2,187,000,000	2,047,000,000	2,372,000,000	2,235,000,000	2,235,000,000	1,855,000,000	1,914,000,000	1,914,000,000	1,940,000,000	2,041,000,000		1,776,000,000	1,776,000,000	1,792,000,000	1,776,000,000
land use rights	156,000,000	156,000,000	171,000,000	171,000,000	173,000,000	174,000,000	176,000,000	177,000,000	181,000,000	195,000,000	199,000,000	201,000,000	206,000,000	206,000,000	208,000,000	210,000,000	210,000,000	211,000,000	213,000,000		213,000,000	213,000,000	211,000,000	213,000,000	215,000,000		217,000,000	217,000,000	217,000,000	217,000,000	218,000,000	218,000,000	220,099,000		221,711,000	221,711,000	137,413,000	137,413,000	138,764,000	138,764,000	140,108,000		141,467,000	141,467,000	142,826,000	142,826,000	144,178,000	144,178,000
long-term investments	1,419,000,000	1,419,000,000	2,301,000,000		2,336,000,000		2,427,000,000	2,499,000,000	2,564,000,000	2,199,000,000	1,945,000,000	1,865,000,000	1,965,000,000	1,965,000,000	2,058,000,000	2,058,000,000	2,058,000,000	1,932,000,000	1,923,000,000	1,923,000,000		1,920,000,000	1,888,000,000	1,920,000,000	1,929,000,000	1,929,000,000	5,730,000,000	5,730,000,000	6,130,000,000	6,130,000,000	5,747,000,000	5,747,000,000	6,152,140,000		6,750,741,000	6,750,741,000	5,889,394,000	5,889,394,000	6,039,743,000	6,039,743,000	2,361,969,000		1,485,610,000	1,485,610,000	1,282,714,000	1,282,714,000	1,135,342,000	1,135,342,000	1,064,321,000		913,105,000	913,105,000	837,098,000	837,098,000	815,505,000	815,505,000	301,376,000		301,376,000	301,376,000	294,224,000	294,224,000	266,650,000	242,325,000		242,325,000	242,325,000	194,433,000	194,433,000	266,650,000	120,517,000	120,517,000
goodwill	5,457,000,000	5,457,000,000	5,476,000,000	5,476,000,000	5,300,000,000	5,221,000,000	5,309,000,000	5,261,000,000	5,318,000,000	5,327,000,000	5,195,000,000	5,069,000,000	5,132,000,000	5,132,000,000	5,221,000,000	5,268,000,000	5,268,000,000	4,900,000,000	4,988,000,000	4,988,000,000	5,339,000,000	5,339,000,000	5,402,000,000	5,339,000,000	2,657,000,000	2,657,000,000	2,657,000,000	2,657,000,000	2,657,000,000	2,657,000,000	2,657,000,000	2,657,000,000	2,629,611,000	2,630,000,000	2,572,907,000	2,572,907,000	2,264,758,000	2,264,758,000	2,264,759,000	2,264,759,000	2,264,758,000	2,264,758,000	2,136,710,000	2,136,710,000	2,136,710,000	2,136,710,000	171,504,000	171,504,000	171,504,000		167,505,000	167,505,000	170,280,000	170,280,000	550,363,000	550,363,000	64,654,000		64,654,000	64,654,000	64,654,000	64,654,000	64,654,000	64,842,000		64,842,000	64,842,000	64,842,000	64,842,000	64,654,000	64,842,000	64,842,000	64,180,000		64,180,000	64,180,000	64,180,000	64,180,000	64,180,000	64,180,000	42,689,000		42,689,000	42,689,000	42,689,000	42,689,000	42,536,000	42,536,000	41,373,000		41,373,000	41,373,000	41,373,000	41,373,000	18,452,000	41,372,983	18,452,000	18,452,000	18,452,000	18,452,000	18,452,000	18,452,000
amounts due from related parties, non-current	41,000,000	41,000,000	51,000,000		52,000,000		26,000,000						1,000,000	1,000,000	39,000,000	63,000,000	63,000,000
other assets	744,000,000	744,000,000	716,000,000		703,000,000	668,000,000	689,000,000		663,000,000		688,000,000		834,000,000	834,000,000	827,000,000	812,000,000	812,000,000	748,000,000	743,000,000		672,000,000	671,000,000	740,000,000	671,000,000	707,000,000		566,000,000	566,000,000	521,000,000	521,000,000	498,000,000	498,000,000	471,630,000		359,185,000	359,185,000	362,560,000	362,560,000	351,617,000	351,617,000	364,660,000		369,351,000	369,351,000	345,655,000	345,655,000	221,495,000	221,495,000	200,492,000		205,854,000	205,854,000	199,404,000	199,404,000	199,814,000	199,814,000	201,991,000		201,991,000	201,991,000	201,986,000	201,986,000	202,981,000	190,372,000		190,372,000	190,372,000	193,670,000	193,670,000	202,981,000	186,619,000	186,619,000	183,111,000		183,111,000	183,111,000	174,089,000	174,089,000	166,156,000	166,156,000	126,508,000		126,508,000	126,508,000	118,803,000	118,803,000	107,073,000	107,073,000	102,231,000		102,231,000	102,231,000	82,263,000	82,263,000	76,806,000	79,953,202	76,806,000	76,806,000	71,352,000	71,352,000	62,285,000	62,285,000
deferred tax assets	1,072,000,000	1,072,000,000	1,068,000,000		1,062,000,000		1,031,000,000					846,000,000	862,000,000	862,000,000	608,000,000	753,000,000	753,000,000	711,000,000	1,266,000,000		759,000,000	759,000,000	857,000,000	759,000,000	548,000,000		488,000,000	488,000,000	500,000,000	500,000,000	497,000,000	497,000,000	504,814,000		405,975,000	405,975,000	399,424,000	399,424,000	401,162,000	401,162,000	325,643,000		236,827,000	236,827,000	241,795,000	241,795,000	172,466,000	172,466,000	176,414,000		98,200,000	98,200,000	98,200,000	98,200,000	98,200,000	98,200,000	80,026,000		80,026,000	80,026,000	80,026,000	80,026,000	80,026,000	51,759,000		51,759,000	51,759,000	51,759,000	51,759,000	80,026,000	51,759,000	51,759,000	44,231,000		44,231,000	44,231,000	44,231,000	44,231,000	44,231,000	44,231,000	40,119,000		40,119,000	40,119,000	40,119,000	40,119,000	40,119,000	40,119,000	17,940,000		17,940,000	17,940,000	17,940,000	17,940,000	18,272,000	17,939,876	18,272,000	18,272,000	18,272,000	18,272,000	18,272,000	18,272,000
assets held for sale	895,000,000	895,000,000	983,000,000	983,000,000	1,060,000,000	1,941,000,000	2,049,000,000	2,239,000,000	2,313,000,000
total assets	63,552,000,000	63,552,000,000	64,779,000,000	64,779,000,000	61,559,000,000	62,552,000,000	62,039,000,000	62,452,000,000	63,532,000,000	63,112,000,000	61,507,000,000	61,387,000,000	63,269,000,000	63,269,000,000	63,873,000,000	64,601,000,000	64,601,000,000	62,205,000,000	65,798,000,000	65,155,000,000	59,678,000,000	59,678,000,000	61,343,000,000	59,678,000,000	52,983,000,000	52,983,000,000	43,687,000,000	43,687,000,000	43,689,000,000	43,689,000,000	42,891,000,000	42,891,000,000	23,992,508,000	23,993,000,000	23,391,175,000	23,391,175,000	21,468,806,000	21,468,806,000	21,140,594,000	21,140,594,000	17,427,442,000	17,427,442,000	15,779,445,000	15,779,445,000	15,003,483,000	15,003,483,000	9,953,437,000	9,953,437,000	9,993,364,000	9,993,364,000	9,690,458,000	9,690,458,000	9,523,966,000	9,523,966,000	8,926,210,000	8,926,210,000	7,214,340,000	7,693,521,000	7,214,340,000	7,214,340,000	6,561,233,000	6,561,233,000	6,129,457,000	6,181,912,000	6,182,906,000	6,181,912,000	6,181,912,000	5,807,396,000	5,807,396,000	6,129,457,000	5,379,549,000	5,379,549,000	4,856,016,000	5,185,052,000	4,856,016,000	4,856,016,000	4,566,306,000	4,566,306,000	4,211,415,000	4,211,415,000	4,017,229,000	4,330,187,000	4,017,229,000	4,017,229,000	3,799,891,000	3,799,891,000	3,476,965,000	3,476,965,000	3,241,185,000	3,524,950,000	3,241,185,000	3,241,185,000	2,965,899,000	2,965,899,000	2,870,849,000	3,044,079,406	2,870,849,000	2,870,849,000	2,720,611,000	2,720,611,000	1,597,994,000	1,597,994,000
liabilities and equity
current liabilities:
short-term debt	5,964,000,000	5,964,000,000	6,633,000,000		849,000,000		892,000,000					5,144,000,000	6,232,000,000	6,232,000,000	661,000,000	666,000,000	666,000,000	921,000,000	1,142,000,000	1,142,000,000	5,782,000,000	5,782,000,000	5,821,000,000	5,782,000,000	8,499,000,000	8,499,000,000	2,831,000,000	2,831,000,000	3,042,000,000	3,042,000,000	1,437,000,000	1,437,000,000	947,810,000		578,633,000	578,633,000	290,132,000	290,132,000	345,888,000	345,888,000	130,684,000		132,738,000	132,738,000	162,586,000	162,586,000	296,670,000	296,670,000	298,291,000		287,145,000	287,145,000	616,702,000	616,702,000	600,892,000	600,892,000	594,812,000		594,812,000	594,812,000	99,489,000	99,489,000		300,000,000		300,000,000	300,000,000	300,000,000	300,000,000		300,000,000	300,000,000
accounts payable	915,000,000	915,000,000	841,000,000	841,000,000	838,000,000	983,000,000	1,026,000,000	865,000,000	1,019,000,000	935,000,000	1,171,000,000	810,000,000	968,000,000	968,000,000	909,000,000	975,000,000	975,000,000	901,000,000	1,241,000,000	1,241,000,000	1,143,000,000	1,143,000,000	1,343,000,000	1,143,000,000	1,176,000,000	1,176,000,000	991,000,000	991,000,000	930,000,000	930,000,000	788,000,000	788,000,000	890,486,000	890,000,000	829,655,000	829,655,000	810,151,000	810,151,000	720,854,000	720,854,000	766,565,000	766,565,000	656,553,000	656,553,000	600,330,000	600,330,000	459,979,000	459,979,000	584,731,000	584,731,000	500,712,000	500,712,000	502,419,000	502,419,000	470,243,000	470,243,000	535,183,000	585,347,000	535,183,000	535,183,000	534,108,000	534,108,000	548,633,000	641,216,000	640,691,000	641,216,000	641,216,000	604,051,000	604,051,000	548,633,000	527,496,000	527,496,000	630,217,000	677,305,000	630,217,000	630,217,000	600,044,000	600,044,000	464,146,000	464,146,000	502,034,000	624,824,000	502,034,000	502,034,000	471,839,000	471,839,000	343,526,000	343,526,000	274,915,000	417,605,000	274,915,000	274,915,000	243,487,000	243,487,000	213,161,000	283,202,773	213,161,000	213,161,000	156,329,000	156,329,000	137,657,000	137,657,000
amounts due to related parties	85,000,000	85,000,000	86,000,000	86,000,000	81,000,000	74,000,000	90,000,000	119,000,000	77,000,000	89,000,000	71,000,000	85,000,000	197,000,000	197,000,000	149,000,000	511,000,000	511,000,000	119,000,000	132,000,000		77,000,000	77,000,000	92,000,000	77,000,000	95,000,000		93,000,000	93,000,000	99,000,000	99,000,000	81,000,000	81,000,000	75,252,000		49,757,000	49,757,000	175,338,000	175,338,000	120,813,000	120,813,000	36,890,000		32,656,000	32,656,000	9,606,000	9,606,000	10,358,000	10,358,000	11,058,000		13,346,000	13,346,000	11,582,000	11,582,000	8,402,000	8,402,000	8,362,000																																							855,243
salary and welfare payables	865,000,000	865,000,000	1,002,000,000	1,002,000,000	823,000,000	1,201,000,000	719,000,000	843,000,000	1,067,000,000	708,000,000	657,000,000	459,000,000	591,000,000	591,000,000	424,000,000	530,000,000	530,000,000	403,000,000	526,000,000		547,000,000	547,000,000	505,000,000	547,000,000	491,000,000		318,000,000	318,000,000	410,000,000	410,000,000	354,000,000	354,000,000	520,829,000		326,706,000	326,706,000	343,935,000	343,935,000	243,623,000	243,623,000	427,070,000		203,486,000	203,486,000	246,335,000	246,335,000	169,507,000	169,507,000											130,593,000	130,593,000	160,215,000	160,215,000	115,655,000							115,655,000
deferred revenue	1,868,000,000	1,868,000,000	1,885,000,000	1,885,000,000	1,864,000,000	1,822,000,000	1,812,000,000	1,760,000,000	1,637,000,000	1,413,000,000	1,308,000,000	1,280,000,000	1,366,000,000	1,366,000,000	1,340,000,000	1,357,000,000	1,357,000,000	1,310,000,000	1,272,000,000	1,934,000,000	1,230,000,000	1,230,000,000	1,280,000,000	1,230,000,000	1,179,000,000	1,738,000,000	1,156,000,000	1,156,000,000	1,154,000,000	1,154,000,000	1,082,000,000	1,082,000,000	1,004,747,000	1,463,000,000	1,063,012,000	1,063,012,000	1,028,480,000	1,028,480,000	1,003,154,000	1,003,154,000	832,021,000	1,003,756,000	822,586,000	822,586,000	799,238,000	799,238,000	739,912,000	739,912,000	749,793,000	916,756,000	828,911,000	828,911,000	863,716,000	863,716,000	811,513,000	811,513,000	629,748,000	886,468,000	629,748,000	629,748,000	583,661,000	583,661,000	514,579,000	459,361,000	669,663,000	459,361,000	459,361,000	399,564,000	399,564,000	514,579,000	330,728,000	330,728,000	266,904,000	416,102,000	266,904,000	266,904,000	226,759,000	226,759,000	214,740,000	214,740,000	183,703,000	300,315,000	183,703,000	183,703,000	163,931,000	163,931,000	150,317,000	150,317,000	117,905,000	209,846,000	117,905,000	117,905,000	89,628,000	89,628,000	58,925,000	68,599,015	58,925,000	58,925,000	54,751,000	54,751,000	50,423,000	50,423,000
operating lease liabilities, current	3,356,000,000	3,356,000,000	3,375,000,000	3,375,000,000	3,386,000,000	3,492,000,000	3,483,000,000	3,531,000,000	3,609,000,000	3,832,000,000	3,773,000,000	3,732,000,000	3,628,000,000	3,628,000,000	3,572,000,000	3,502,000,000	3,502,000,000	3,362,000,000	3,406,000,000	3,406,000,000	3,388,000,000	3,388,000,000	3,452,000,000	3,388,000,000	3,082,000,000	3,082,000,000	2,978,000,000	2,978,000,000	2,875,000,000	2,875,000,000	2,819,000,000	2,819,000,000
finance lease liabilities, current	59,000,000	59,000,000	58,000,000	58,000,000	53,000,000	50,000,000	50,000,000	45,000,000	45,000,000	49,000,000	41,000,000	45,000,000	41,000,000	41,000,000	42,000,000	41,000,000	41,000,000	33,000,000	31,000,000		23,000,000	23,000,000	27,000,000	23,000,000
accrued expenses and other current liabilities	3,974,000,000	3,974,000,000	4,627,000,000	4,627,000,000	4,134,000,000	4,006,000,000	3,394,000,000	3,599,000,000	3,261,000,000	3,336,000,000	2,337,000,000	2,054,000,000	1,838,000,000	1,838,000,000	2,124,000,000	2,168,000,000	2,168,000,000	1,905,000,000	2,440,000,000		1,330,000,000	1,330,000,000	1,700,000,000	1,330,000,000	1,856,000,000		1,762,000,000	1,762,000,000	1,665,000,000	1,665,000,000	1,538,000,000	1,538,000,000	1,606,673,000		1,489,216,000	1,489,216,000	1,348,283,000	1,348,283,000	1,302,380,000	1,302,380,000	1,264,902,000		1,237,853,000	1,237,853,000	1,065,785,000	1,065,785,000	962,135,000	962,135,000	895,837,000		889,697,000	889,697,000	725,369,000	725,369,000	594,697,000	594,697,000	375,795,000		375,795,000	375,795,000	349,547,000	349,547,000	373,674,000	288,798,000		288,798,000	288,798,000	272,854,000	272,854,000	373,674,000	265,112,000	265,112,000	236,073,000		236,073,000	236,073,000	225,763,000	225,763,000	206,510,000	206,510,000	176,318,000		176,318,000	176,318,000	163,674,000	163,674,000	157,591,000	157,591,000	144,771,000		144,771,000	144,771,000	115,701,000	115,701,000	92,129,000	148,925,942	92,129,000	92,129,000	91,221,000	91,221,000	90,118,000	90,118,000
dividends payable					2,137,000,000				2,085,000,000																678,000,000								658,007,000										300,000,000	300,000,000
income tax payable	1,213,000,000	1,213,000,000	874,000,000	874,000,000	694,000,000	813,000,000	942,000,000	782,000,000	562,000,000	618,000,000	500,000,000	126,000,000	418,000,000	418,000,000	150,000,000	258,000,000	258,000,000	222,000,000	339,000,000		168,000,000	168,000,000	131,000,000	168,000,000	231,000,000		230,000,000	230,000,000	255,000,000	255,000,000	82,000,000	82,000,000	265,546,000		239,868,000	239,868,000	126,077,000	126,077,000	99,218,000	99,218,000	218,238,000		232,722,000	232,722,000	195,137,000	195,137,000	98,144,000	98,144,000	152,112,000		173,299,000	173,299,000	119,543,000	119,543,000	83,685,000	83,685,000	44,795,000		44,795,000	44,795,000	50,119,000	50,119,000	22,712,000	45,636,000		45,636,000	45,636,000	25,163,000	25,163,000	22,712,000			20,101,000		20,101,000	20,101,000					2,474,000		2,474,000	2,474,000											37,360,000	15.121	37,360,000	37,360,000	24,880,000	24,880,000	4,195,000	4,195,000
total current liabilities	18,299,000,000	18,299,000,000	19,381,000,000	19,381,000,000	14,859,000,000	13,321,000,000	12,408,000,000	11,859,000,000	17,411,000,000	15,745,000,000	13,146,000,000	13,735,000,000	15,279,000,000	15,279,000,000	9,371,000,000	10,008,000,000	10,008,000,000	9,176,000,000	10,529,000,000		13,688,000,000	13,688,000,000	14,351,000,000	13,688,000,000	17,287,000,000		10,359,000,000	10,359,000,000	10,430,000,000	10,430,000,000	8,181,000,000	8,181,000,000	5,969,350,000		4,576,847,000	4,576,847,000	4,122,396,000	4,122,396,000	3,835,930,000	3,835,930,000	3,676,501,000		3,618,727,000	3,618,727,000	3,079,152,000	3,079,152,000	2,736,705,000	2,736,705,000	2,966,081,000		2,855,789,000	2,855,789,000	3,028,954,000	3,028,954,000	2,716,328,000	2,716,328,000	2,319,989,000		2,319,989,000	2,319,989,000	1,787,776,000	1,787,776,000	1,582,202,000	1,844,729,000		1,844,729,000	1,844,729,000	1,739,254,000	1,739,254,000	1,582,202,000	1,532,541,000	1,532,541,000	1,235,005,000		1,235,005,000	1,235,005,000	1,162,772,000	1,162,772,000	966,229,000	966,229,000	926,006,000		926,006,000	926,006,000	889,990,000	889,990,000	714,906,000	714,906,000	581,460,000		581,460,000	581,460,000	489,111,000	489,111,000	466,429,000	574,342,336	466,429,000	466,429,000	375,358,000	375,358,000	319,083,000	319,083,000
long-term debt	722,000,000	722,000,000	777,000,000	777,000,000	4,420,000,000	4,546,000,000	4,499,000,000	5,220,000,000	1,265,000,000	1,065,000,000	6,635,000,000	6,091,000,000	3,565,000,000	3,565,000,000	9,936,000,000	10,002,000,000	10,002,000,000	10,043,000,000	10,856,000,000	10,856,000,000	7,810,000,000	7,810,000,000	9,240,000,000	7,810,000,000	8,084,000,000	8,084,000,000	5,880,000,000	5,880,000,000	6,126,000,000	6,126,000,000	8,583,000,000	8,583,000,000	8,811,511,000	8,812,000,000	8,661,135,000	8,661,135,000	7,984,121,000	7,984,121,000	8,181,918,000	8,181,918,000	4,921,774,000	4,921,774,000	3,583,793,000	3,583,793,000	3,658,041,000	3,658,041,000																																			640,000		640,000	640,000	720,000	720,000													56,860,000	56,860,000	57,360,000	57,360,000
operating lease liabilities, non-current	23,949,000,000	23,949,000,000	23,775,000,000	23,775,000,000	23,492,000,000	23,634,000,000	24,240,000,000		24,215,000,000	27,520,000,000	27,637,000,000	27,216,000,000	28,012,000,000	28,012,000,000	28,034,000,000						27,618,000,000
finance lease liabilities, non-current	3,111,000,000	3,111,000,000	3,151,000,000	3,151,000,000	2,924,000,000	2,843,000,000	2,886,000,000		2,697,000,000	2,703,000,000	2,513,000,000	2,857,000,000	2,684,000,000	2,684,000,000	2,312,000,000						2,168,000,000
other long-term liabilities	1,838,000,000	1,838,000,000	1,750,000,000	1,750,000,000	1,627,000,000	1,472,000,000	1,387,000,000	1,215,000,000	1,118,000,000	1,057,000,000	977,000,000	967,000,000	903,000,000	903,000,000	864,000,000	834,000,000	834,000,000	791,000,000	771,000,000		659,000,000	659,000,000	687,000,000	659,000,000	566,000,000		537,000,000	537,000,000	507,000,000	507,000,000	474,000,000	474,000,000	452,420,000		424,089,000	424,089,000	403,942,000	403,942,000	401,000,000	401,000,000	380,578,000		363,226,000	363,226,000	350,273,000	350,273,000	332,542,000	332,542,000	323,991,000		309,686,000	309,686,000	299,401,000	299,401,000	291,649,000	291,649,000	262,057,000		262,057,000	262,057,000	251,486,000	251,486,000	235,302,000	189,888,000		189,888,000	189,888,000	174,017,000	174,017,000	235,302,000	160,039,000	160,039,000	129,678,000		129,678,000	129,678,000	117,471,000	117,471,000	105,073,000	105,073,000	85,129,000		85,129,000	85,129,000	75,791,000	75,791,000	64,862,000	64,862,000	57,714,000		57,714,000	57,714,000	50,087,000	50,087,000	38,297,000	46,619,134	38,297,000	38,297,000	36,003,000	36,003,000	23,106,000	23,106,000
deferred tax liabilities	950,000,000	950,000,000	961,000,000		934,000,000		817,000,000					798,000,000	853,000,000	853,000,000	975,000,000	1,155,000,000	1,155,000,000	1,124,000,000	1,824,000,000		1,787,000,000	1,787,000,000	1,820,000,000	1,787,000,000	491,000,000		476,000,000	476,000,000	479,000,000	479,000,000	482,000,000	482,000,000	474,641,000		473,699,000	473,699,000	417,439,000	417,439,000	419,950,000	419,950,000	422,090,000		454,696,000	454,696,000	458,760,000	458,760,000	97,327,000	97,327,000	96,329,000		1,465,000	1,465,000	1,465,000	1,465,000	1,465,000	1,465,000	701,000		701,000	701,000	701,000	701,000	701,000	151,000		151,000	151,000	151,000	151,000	701,000	151,000	151,000	22,335,000		22,335,000	22,335,000	22,335,000	22,335,000	22,335,000	22,335,000	12,677,000		12,677,000	12,677,000	12,677,000	12,677,000	12,677,000	12,677,000	11,937,000		11,937,000	11,937,000	11,937,000	11,937,000	6,538,000	11,936,950	6,538,000	6,538,000	6,538,000	6,538,000	6,538,000	6,538,000
retirement benefit obligations	120,000,000	120,000,000	122,000,000	122,000,000	113,000,000	111,000,000	122,000,000	120,000,000	124,000,000	116,000,000	110,000,000	138,000,000	144,000,000	144,000,000	168,000,000	171,000,000	171,000,000	172,000,000	179,000,000		126,000,000	126,000,000	123,000,000	126,000,000
liabilities held for sale	968,000,000	968,000,000	1,084,000,000	1,084,000,000	1,142,000,000	2,084,000,000	2,179,000,000	2,400,000,000	2,536,000,000
total liabilities	51,529,000,000	51,529,000,000	52,486,000,000	52,486,000,000	50,937,000,000	50,281,000,000	49,823,000,000	49,735,000,000	51,283,000,000	50,010,000,000	52,704,000,000	52,624,000,000	52,225,000,000	52,225,000,000	52,409,000,000	53,004,000,000	53,004,000,000	51,060,000,000	54,366,000,000	53,723,000,000	54,402,000,000	54,402,000,000	56,537,000,000	54,402,000,000	45,483,000,000	45,483,000,000	36,186,000,000	36,186,000,000	36,552,000,000	36,552,000,000	36,345,000,000	36,345,000,000	17,673,505,000	17,674,000,000	15,988,370,000	15,988,370,000	14,762,832,000	14,762,832,000	14,636,519,000	14,636,519,000	10,953,162,000	10,953,162,000	9,468,270,000	9,468,270,000	8,955,759,000	8,955,759,000	4,361,286,000	4,361,286,000	4,577,207,000	4,577,207,000	4,437,816,000	4,437,816,000	4,585,568,000	4,585,568,000	4,233,453,000	4,233,453,000	3,720,893,000	4,252,773,000	3,720,893,000	3,720,893,000	3,134,823,000	3,134,823,000	2,883,581,000	2,988,462,000	2,964,193,000	2,988,462,000	2,988,462,000	2,820,219,000	2,820,219,000	2,883,581,000	2,547,425,000	2,547,425,000	2,109,361,000	2,357,261,000	2,109,361,000	2,109,361,000	1,963,004,000	1,963,004,000	1,710,432,000	1,710,432,000	1,552,476,000	1,839,622,000	1,552,476,000	1,552,476,000	1,454,842,000	1,454,842,000	1,225,041,000	1,225,041,000	1,018,892,000	1,269,066,000	1,018,892,000	1,018,892,000	853,174,000	853,174,000	784,249,000	918,770,162	784,249,000	784,249,000	712,496,000	712,496,000	625,812,000	625,812,000
equity:
ordinary shares																																	214,000		213,000	213,000	213,000	213,000	213,000	213,000	212,000		205,000	205,000	204,000	204,000	204,000	204,000	204,000		203,000	203,000	203,000	203,000	202,000	202,000	185,000		185,000	185,000	184,000	184,000	184,000	183,000		183,000	183,000	182,000	182,000	184,000	182,000	182,000	181,000		181,000	181,000	180,000	180,000	180,000	180,000	180,000		180,000	180,000	179,000	179,000	179,000	179,000	179,000		179,000	179,000	178,000	178,000	178,000	177,687	178,000	178,000	178,000	178,000	178,000	178,000
treasury shares	-585,000,000	-585,000,000	-630,000,000	-630,000,000	-690,000,000	-274,000,000	-2,787,000,000	-1,569,000,000	-906,000,000	-441,000,000	-441,000,000		-107,000,000	-107,000,000	-107,000,000	-107,000,000	-107,000,000	-107,000,000	-107,000,000			-107,000,000	-107,000,000	-107,000,000	-107,000,000		-107,000,000	-107,000,000	-107,000,000	-107,000,000	-107,000,000	-107,000,000	-107,331,000		-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000		-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000		-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000	-107,331,000			-107,332,000	-107,332,000
additional paid-in capital	9,819,000,000	9,819,000,000	9,770,000,000	9,770,000,000	9,654,000,000	9,620,000,000	12,060,000,000	11,300,000,000	11,861,000,000	12,163,000,000	10,138,000,000	10,127,000,000	9,964,000,000	9,964,000,000	9,949,000,000	9,918,000,000	9,918,000,000	9,841,000,000	9,808,000,000		3,863,000,000	3,863,000,000	3,901,000,000	3,863,000,000	3,834,000,000		3,811,000,000	3,811,000,000	3,778,000,000	3,778,000,000	3,743,000,000	3,743,000,000	3,712,988,000		3,684,968,000	3,684,968,000	3,667,568,000	3,667,568,000	3,641,310,000	3,641,310,000	3,624,135,000		3,779,065,000	3,779,065,000	3,753,504,000	3,753,504,000	3,725,426,000	3,725,426,000	3,699,056,000		3,671,288,000	3,671,288,000	3,653,452,000	3,653,452,000	3,634,139,000	3,634,139,000	2,435,661,000		2,435,661,000	2,435,661,000	2,419,038,000	2,419,038,000	2,396,225,000	2,362,780,000		2,362,780,000	2,362,780,000	2,340,315,000	2,340,315,000	2,396,225,000	2,332,745,000	2,332,745,000	2,279,897,000		2,279,897,000	2,279,897,000	2,262,795,000	2,262,795,000	2,253,236,000	2,253,236,000	2,234,254,000		2,234,254,000	2,234,254,000	2,212,607,000	2,212,607,000	2,205,262,000	2,205,262,000	2,195,035,000		2,195,035,000	2,195,035,000	2,172,241,000	2,172,241,000	2,162,268,000	2,168,364,165	2,162,268,000	2,162,268,000	2,168,395,000	2,168,395,000	2,165,156,000	2,165,156,000
retained earnings	2,442,000,000	2,442,000,000	2,751,000,000	2,751,000,000	1,207,000,000	2,449,000,000	2,400,000,000	2,520,000,000	794,000,000	805,000,000	-1,200,000,000	-1,076,000,000	1,037,000,000	1,037,000,000	1,495,000,000	1,632,000,000	1,632,000,000	1,254,000,000	1,502,000,000		1,559,000,000	1,559,000,000	1,011,000,000	1,559,000,000	3,701,000,000		3,760,000,000	3,760,000,000	3,329,000,000	3,329,000,000	2,716,000,000	2,716,000,000	2,610,200,000		3,688,062,000	3,688,062,000	3,020,310,000	3,020,310,000	2,681,883,000	2,681,883,000	2,753,715,000		2,519,957,000	2,519,957,000	2,349,896,000	2,349,896,000	1,960,257,000	1,960,257,000	1,812,174,000		1,686,316,000	1,686,316,000	1,392,447,000	1,392,447,000	1,076,947,000	1,076,947,000	1,213,062,000		1,213,062,000	1,213,062,000	989,413,000	989,413,000	840,227,000	800,380,000		800,380,000	800,380,000	650,782,000	650,782,000	840,227,000	526,538,000	526,538,000	481,332,000		481,332,000	481,332,000	356,414,000	356,414,000	260,083,000	260,083,000	241,822,000		241,822,000	241,822,000	146,029,000	146,029,000	75,698,000	75,698,000	54,827,000		54,827,000	54,827,000
accumulated other comprehensive income	204,000,000	204,000,000	262,000,000	262,000,000	324,000,000	382,000,000	459,000,000	331,000,000	386,000,000	474,000,000	232,000,000	70,000,000	41,000,000	41,000,000	21,000,000	49,000,000	49,000,000	72,000,000	127,000,000			-115,000,000	-69,000,000	-115,000,000	-49,000,000		-78,000,000	-78,000,000	-13,000,000	-13,000,000	51,000,000	51,000,000	-41,634,000		-61,982,000	-61,982,000	85,754,000	85,754,000	252,499,000	252,499,000	167,965,000		98,063,000	98,063,000	32,743,000	32,743,000	1,609,000	1,609,000	-4,503,000		-870,000	-870,000	-9,718,000	-9,718,000	47,239,000	47,239,000	-50,346,000				16,222,000	16,222,000	8,509,000	20,543,000			20,543,000			8,509,000
total h world group limited shareholders' equity	11,880,000,000	11,880,000,000	12,153,000,000		10,495,000,000		12,132,000,000
noncontrolling interest	143,000,000	143,000,000	140,000,000	140,000,000	127,000,000	94,000,000	84,000,000	135,000,000	114,000,000	101,000,000	74,000,000	83,000,000	109,000,000	109,000,000	106,000,000	105,000,000	105,000,000	85,000,000	102,000,000		76,000,000	76,000,000	70,000,000	76,000,000	121,000,000		115,000,000	115,000,000	150,000,000	150,000,000	143,000,000	143,000,000	144,566,000		198,875,000	198,875,000	39,460,000	39,460,000	35,501,000	35,501,000	35,584,000		21,216,000	21,216,000	18,708,000	18,708,000	11,986,000	11,986,000	16,557,000		3,036,000	3,036,000	9,345,000	9,345,000	41,561,000	41,561,000	2,217,000		2,217,000	2,217,000	1,553,000	1,553,000	731,000	9,564,000		9,564,000	9,564,000	7,550,000	7,550,000	731,000	11,441,000	11,441,000	24,742,000		24,742,000	24,742,000	23,096,000	23,096,000	26,106,000	26,106,000	26,145,000		26,145,000	26,145,000	24,007,000	24,007,000	9,720,000	9,720,000	8,577,000		8,577,000	8,577,000	10,008,000	10,008,000	7,491,000	9,175,801	7,491,000	7,491,000	7,089,000	7,089,000	7,872,000	7,872,000
total equity	12,023,000,000	12,023,000,000	12,293,000,000	12,293,000,000	10,622,000,000	12,271,000,000	12,216,000,000	12,717,000,000	12,249,000,000	13,102,000,000	8,803,000,000	8,763,000,000	11,044,000,000	11,044,000,000	11,464,000,000	11,597,000,000	11,597,000,000	11,145,000,000	11,432,000,000	11,432,000,000	5,276,000,000	5,276,000,000	4,806,000,000	5,276,000,000	7,500,000,000	7,500,000,000	7,501,000,000	7,501,000,000	7,137,000,000	7,137,000,000	6,546,000,000	6,546,000,000	6,319,003,000	6,319,000,000	7,402,805,000	7,402,805,000	6,705,974,000	6,705,974,000	6,504,075,000	6,504,075,000	6,474,280,000	6,474,280,000	6,311,175,000	6,311,175,000	6,047,724,000	6,047,724,000	5,592,151,000	5,592,151,000	5,416,157,000	5,416,157,000	5,252,642,000	5,252,642,000	4,938,398,000	4,938,398,000	4,692,757,000	4,692,757,000	3,493,447,000	3,440,748,000	3,493,447,000	3,493,447,000	3,426,410,000	3,426,410,000	3,245,876,000	3,193,450,000	3,218,713,000	3,193,450,000	3,193,450,000	2,987,177,000	2,987,177,000	3,245,876,000	2,832,124,000	2,832,124,000	2,746,655,000	2,827,791,000	2,746,655,000	2,746,655,000	2,603,302,000	2,603,302,000	2,500,983,000	2,500,983,000	2,464,753,000	2,490,565,000	2,464,753,000	2,464,753,000	2,345,049,000	2,345,049,000	2,251,924,000	2,251,924,000	2,222,293,000	2,255,884,000	2,222,293,000	2,222,293,000	2,112,725,000	2,112,725,000	2,086,600,000	2,125,309,244	2,086,600,000	2,086,600,000	2,008,115,000	2,008,115,000	972,182,000	972,182,000
total liabilities and equity	63,552,000,000	63,552,000,000	64,779,000,000	64,779,000,000	61,559,000,000	62,552,000,000	62,039,000,000	62,452,000,000	63,532,000,000	63,112,000,000	61,507,000,000	61,387,000,000	63,269,000,000	63,269,000,000	63,873,000,000	64,601,000,000	64,601,000,000	62,205,000,000	65,798,000,000		59,678,000,000	59,678,000,000	61,343,000,000	59,678,000,000	52,983,000,000		43,687,000,000	43,687,000,000	43,689,000,000	43,689,000,000	42,891,000,000	42,891,000,000	23,992,508,000		23,391,175,000	23,391,175,000	21,468,806,000	21,468,806,000	21,140,594,000	21,140,594,000	17,427,442,000		15,779,445,000	15,779,445,000	15,003,483,000	15,003,483,000	9,953,437,000	9,953,437,000	9,993,364,000		9,690,458,000	9,690,458,000	9,523,966,000	9,523,966,000	8,926,210,000	8,926,210,000	7,214,340,000		7,214,340,000	7,214,340,000	6,561,233,000	6,561,233,000	6,129,457,000	6,181,912,000		6,181,912,000	6,181,912,000	5,807,396,000	5,807,396,000	6,129,457,000	5,379,549,000	5,379,549,000	4,856,016,000		4,856,016,000	4,856,016,000	4,566,306,000	4,566,306,000	4,211,415,000	4,211,415,000	4,017,229,000		4,017,229,000	4,017,229,000	3,799,891,000	3,799,891,000	3,476,965,000	3,476,965,000	3,241,185,000		3,241,185,000	3,241,185,000
loan receivables - current			103,000,000		113,000,000	114,000,000			184,000,000		134,000,000
short-term investments, including marketable securities measured at fair value of rmb81 and rmb67 as of december 31, 2024 and june 30, 2025, respectively				2,305,000,000
loan receivables - current, net of allowance of rmb46 and rmb46 as of december 31, 2024 and june 30, 2025, respectively				103,000,000
amounts due from related parties, net of allowance of rmb64 and rmb65 as of december 31, 2024 and june 30, 2025, respectively				255,000,000
other current assets, net of allowance of rmb8 and rmb8 as of december 31, 2024 and june 30, 2025, respectively				1,582,000,000
long-term investments, including available-for-sale debt securities measured at fair value of rmb230 and rmb235 as of december 31, 2024 and june 30, 2025, respectively				2,301,000,000
amounts due from related parties, net of allowance of rmb1 and rmb1 as of december 31, 2024 and june 30, 2025, respectively				51,000,000
loan receivables, net of allowance of rmb5 and rmb3 as of december 31, 2024 and june 30, 2025, respectively				145,000,000
other assets, net of allowance of rmb6 and rmb6 as of december 31, 2024 and june 30, 2025, respectively				716,000,000
deferred income tax assets				1,068,000,000		1,054,000,000		1,035,000,000	1,043,000,000	1,082,000,000	1,093,000,000
short-term debt and current portion of long-term debt				6,633,000,000		880,000,000		315,000,000	4,049,000,000	4,765,000,000	3,288,000,000
deferred income tax liabilities				961,000,000		919,000,000		818,000,000	845,000,000	868,000,000	858,000,000
commitments and contingencies
total h world group limited shareholders’ equity				12,153,000,000		12,177,000,000		12,582,000,000	12,135,000,000	13,001,000,000	8,729,000,000	8,680,000,000

short-term investments, including marketable securities measured at fair value of rmb231 and rmb81 as of december 31, 2023 and 2024, respectively						3,603,000,000
amounts due from related parties						297,000,000			210,000,000		178,000,000		149,000,000	149,000,000	148,000,000			163,000,000	178,000,000		220,000,000	220,000,000	182,000,000	220,000,000	182,000,000		278,000,000	278,000,000	243,000,000	243,000,000	224,000,000	224,000,000	176,235,000		145,487,000	145,487,000	124,081,000	124,081,000	112,416,000	112,416,000	118,537,000		88,544,000	88,544,000	124,301,000	124,301,000	171,256,000	171,256,000	98,453,000		93,251,000	93,251,000	111,140,000	111,140,000			16,023,000		16,023,000	16,023,000	16,796,000	16,796,000	17,545,000	15,560,000		15,560,000	15,560,000	14,861,000	14,861,000	17,545,000	3,370,000	3,370,000
long-term investments, including available-for-sale debt securities measured at fair value of rmb281 and rmb230 as of december 31, 2023 and 2024, respectively						2,316,000,000
loan receivables - current, net of allowance of rmb45 and rmb42 as of december 31, 2023 and june 30, 2024 respectively								163,000,000
amounts due from related parties, net of allowance of rmb64 and rmb63 as of december 31, 2023 and june 30, 2024 respectively								258,000,000
other current assets, net of allowance of rmb9 and rmb7 as of december 31, 2023 and june 30, 2024 respectively								868,000,000
amounts due from related parties, net of rmb0 and rmb0 as of december 31, 2023 and june 30, 2024 respectively								21,000,000
loan receivables, net of rmb4 and rmb4 as of december 31, 2023 and june 30, 2024 respectively								158,000,000
other assets, net of allowance of rmb1 and rmb1 as of december 31, 2023 and june 30, 2024 respectively								672,000,000
operating lease liabilities, noncurrent								24,334,000,000								27,758,000,000	27,758,000,000	26,703,000,000	27,048,000,000	27,048,000,000		27,618,000,000	27,553,000,000	27,618,000,000	18,496,000,000	18,496,000,000	18,416,000,000	18,416,000,000	18,535,000,000	18,535,000,000	18,175,000,000	18,175,000,000
finance lease liabilities, noncurrent								2,587,000,000								2,372,000,000	2,372,000,000	2,388,000,000	2,497,000,000			2,168,000,000	2,210,000,000	2,168,000,000
loan receivables - current, net of allowance of rmb52 and rmb51 as of december 31, 2022 and june 30, 2023 respectively										126,000,000
amounts due from related parties, net of allowance of rmb38 and rmb53 as of december 31, 2022 and june 30, 2023 respectively										131,000,000
other current assets, net of allowance of rmb8 and rmb8 as of december 31, 2022 and june 30, 2023 respectively										725,000,000
amounts due from related parties, net of rmb0 and rmb0 as of december 31, 2022 and june 30, 2023 respectively										16,000,000
loan receivables, net of rmb3 and rmb3 as of december 31, 2022 and june 30, 2023 respectively										134,000,000
other assets, net of allowance of rmb1 and rmb1 as of december 31, 2022 and june 30, 2023 respectively										664,000,000
amounts due from a related party											6,000,000																																										47,961,000	47,961,000	51,631,000	51,631,000
short-term investments measured at fair value												1,915,000,000						2,972,000,000		3,903,000,000	1,539,000,000
loan receivables - current, net of allowance of rmb48 and rmb53 as of december 31, 2021 and september 30, 2022 respectively												161,000,000
amounts due from related parties, net of allowance of rmb17 and rmb37 as of december 31, 2021 and september 30, 2022 respectively												177,000,000
other current assets, net of allowance of rmb6 and rmb5 as of december 31, 2021 and september 30, 2022, respectively												779,000,000
amounts due from a related party, net of rmb0 and rmb0 as of december 31, 2021 and september 30, 2022 respectively												6,000,000
loan receivables, net of rmb4 and rmb6 as of december 31, 2021 and september 30, 2022 respectively												115,000,000
other assets, net of allowance of rmb1 and rmb1 as of december 31, 2021 and september 30, 2022, respectively												696,000,000
ordinary shares (us0.00001 par value per share...
treasury shares (30,974,040 and 48,768,740 shares as of december 31, 2021 and september 30, 2022, respectively)1												-441,000,000
total huazhu group limited shareholders' equity													10,935,000,000	10,935,000,000		11,492,000,000	11,492,000,000	11,060,000,000				5,200,000,000		5,200,000,000	7,379,000,000						6,403,000,000	6,403,000,000	6,174,437,000		7,203,930,000	7,203,930,000	6,666,514,000	6,666,514,000
5
total huazhu group limited shareholders’ equity															11,358,000,000				11,330,000,000		5,200,000,000		4,736,000,000				7,386,000,000	7,386,000,000	6,987,000,000	6,987,000,000
huazhu group limited
unaudited condensed consolidated balance sheets
selected consolidated balance sheet data:
deferred rent-long-term
loan receivables-current																					222,000,000
long-term investments, including marketable securities measured at fair value of nil as of december 31, 2019 and march 31, 2020, respectively																					1,920,000,000
rmb
income tax receivables																						20,000,000	3,000,000	20,000,000																																															4,309,000	4,309,000					3,291,000	3,291,000	10,434,000	10,434,000					3,282,000	3,282,000	816,000	816,000	19,757,000		19,757,000	19,757,000	2,339,000	2,339,000
prepaid rent																																	955,000,000	955,000,000	571,072,000	571,072,000	562,048,000	562,048,000	563,521,000	563,521,000	659,973,000	659,973,000	528,381,000	528,381,000	502,447,000	502,447,000	481,024,000	481,024,000	446,127,000	446,127,000	402,974,000	402,974,000	380,670,000	380,670,000	423,039,000	423,039,000	450,779,000	429,588,000	450,779,000	450,779,000	420,269,000	420,269,000	391,652,000	371,804,000	385,158,000	371,804,000	371,804,000	384,347,000	384,347,000	391,652,000	372,582,000	372,582,000	360,944,000	363,581,000	360,944,000	360,944,000	344,569,000	344,569,000	343,615,000	343,615,000	278,276,000	321,305,000	278,276,000	278,276,000	256,894,000	256,894,000	231,665,000	231,665,000	193,646,000	228,087,000	193,646,000	193,646,000	154,964,000	154,964,000	122,993,000	152,266,699	122,993,000	122,993,000	92,032,000	92,032,000	62,771,000	62,771,000
deferred rent																																	1,507,303,000		1,418,601,000	1,418,601,000	1,427,450,000	1,427,450,000	1,401,277,000	1,401,277,000	1,380,484,000		1,280,479,000	1,280,479,000	1,242,292,000	1,242,292,000	1,037,099,000	1,037,099,000	1,023,843,000		996,017,000	996,017,000	977,382,000	977,382,000	982,196,000	982,196,000	922,542,000		922,542,000	922,542,000	887,429,000	887,429,000	861,869,000	774,581,000		774,581,000	774,581,000	740,152,000	740,152,000	861,869,000	695,496,000	695,496,000	610,417,000		610,417,000	610,417,000	553,904,000	553,904,000	512,905,000	512,905,000	434,520,000		434,520,000	434,520,000	389,687,000	389,687,000	355,102,000	355,102,000	302,388,000	329,774,000	302,388,000	302,388,000	249,686,000	249,686,000	222,848,000	237,426,792	222,848,000	222,848,000	197,662,000	197,662,000	183,351,000	183,351,000
long- term investments																																		6,152,000,000								2,361,969,000
deferred rent — long-term																																		1,507,000,000								1,380,484,000								1,023,843,000															830,414,000									653,831,000
total china lodging group, limited shareholders' equity																																							6,468,574,000	6,468,574,000	6,438,696,000				6,029,016,000	6,029,016,000	5,580,165,000	5,580,165,000	5,399,600,000		5,249,606,000	5,249,606,000	4,929,053,000	4,929,053,000	4,651,196,000	4,651,196,000	3,491,230,000		3,491,230,000	3,491,230,000	3,424,857,000	3,424,857,000	3,245,145,000	3,183,886,000		3,183,886,000	3,183,886,000	2,979,627,000	2,979,627,000	3,245,145,000	2,820,683,000	2,820,683,000																													964,310,000	964,310,000
long-term debt, current portion																																									131,000		133,000	133,000	135,000	135,000																																			240,000		240,000	240,000	250,000	250,000									24,000,000		24,000,000	24,000,000	12,140,000	12,140,000	12,140,000	12,140,000
total china lodging group, limited shareholders’ equity																																											6,289,959,000	6,289,959,000																																																	2,102,717,000	2,102,717,000	2,079,109,000	2,116,133,443	2,079,109,000	2,079,109,000	2,001,026,000	2,001,026,000
land use right																																																	145,521,000
salary and welfare payable																																																	274,259,000		161,214,000	161,214,000	188,158,000	188,158,000	145,431,000	145,431,000	130,593,000							102,610,000		102,610,000	102,610,000	131,027,000	131,027,000		102,926,000	102,926,000	77,115,000		77,115,000	77,115,000	105,537,000	105,537,000	78,517,000	78,517,000	60,069,000		60,069,000	60,069,000	88,879,000	88,879,000	61,964,000	61,964,000	42,549,000		42,549,000	42,549,000	39,326,000	39,326,000	39,275,000	57,638,190	39,275,000	39,275,000	34,241,000	34,241,000	23,529,000	23,529,000
treasury share																																																									-107,332,000
deferred rent – long-term																																																										945,192,000																								470,438,000
amounts due to a related party																																																											8,362,000	8,362,000	9,936,000	9,936,000	6,248,000	6,957,000		6,957,000	6,957,000	6,444,000	6,444,000	6,248,000	6,128,000	6,128,000
accumulated other comprehensive loss																																																											-50,346,000	-50,346,000						20,543,000		-11,652,000	-11,652,000		-38,782,000	-38,782,000	-39,497,000		-39,497,000	-39,497,000	-39,183,000	-39,183,000	-38,622,000	-38,622,000	-37,648,000		-37,648,000	-37,648,000	-37,773,000	-37,773,000	-38,935,000	-38,935,000	-36,325,000		-36,325,000	-36,325,000	-26,041,000	-26,041,000	-18,712,000	-22,702,974	-18,712,000	-18,712,000	-14,240,000	-14,240,000	-12,537,000	-12,537,000
consolidated balance sheet data:
short-term investment																																																																									12,388,000		12,388,000	12,388,000	8,074,000	8,074,000	8,074,000	8,074,000									30,000,000		30,000,000	30,000,000	100,000,000	100,000,000
amount due from related parties																																																																																													3,267,000	3,267,000	3,540,000	3,267,193	3,540,000	3,540,000	4,086,000	4,086,000	4,086,000	4,086,000
long term investment																																																																									28,437,000		28,437,000	28,437,000	28,525,000	28,525,000	28,129,000	28,129,000	28,129,000		28,129,000	28,129,000	28,129,000	28,129,000
short-term loans																																																																									1,230,000		1,230,000	1,230,000	1,236,000	1,236,000	1,254,000	1,254,000
amount due to related parties																																																																									3,365,000		3,365,000	3,365,000	3,433,000	3,433,000	1,062,000	1,062,000	1,168,000		1,168,000	1,168,000	1,417,000	1,417,000	1,508,000	1,508,000	1,320,000		1,320,000	1,320,000	969,000	969,000	1,579,000		1,579,000	1,579,000	1,796,000	1,796,000	1,021,000	1,021,000
equity
total china lodging group, limited equity																																																																									2,721,913,000		2,721,913,000	2,721,913,000	2,580,206,000	2,580,206,000	2,474,877,000	2,474,877,000	2,438,608,000		2,438,608,000	2,438,608,000	2,321,042,000	2,321,042,000	2,242,204,000	2,242,204,000	2,213,716,000		2,213,716,000	2,213,716,000
mezzanine equity
liabilities, mezzanine equity and equity
accumulated deficit																																																																																													-43,661,000	-43,661,000	-64,625,000	-29,705,435	-64,625,000	-64,625,000	-153,307,000	-153,307,000	-233,010,000	-233,010,000
total liabilities, mezzanine equity and equity																																																																																													2,965,899,000	2,965,899,000	2,870,849,000	3,044,079,406	2,870,849,000	2,870,849,000	2,720,611,000	2,720,611,000	1,597,994,000	1,597,994,000
series b convertible redeemable preferred shares
series a convertible preferred shares
mezzanine equity:
note 1: the conversion of renminbi (“rmb”) into united states dollars (“us”) is based on the exchange rate of us1.00=rmb6.6000 on december 31, 2010 as set forth in h.10 statistical release of the federal reserve board.
note 1: the conversion of renminbi (“rmb”) into united states dollars (“us”) is based on the exchange rate of us1.00=rmb6.7815 on june 30, 2010 as set forth in h.10 statistical release of the federal reserve board.
subscription receivables																																																																																																					-955,477,000	-955,477,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-11-17	2025-09-30	2025-06-30	2025-05-20	2024-09-30	2021-11-24	2021-06-30	2021-05-25	2020-12-31	2020-09-30	2020-07-02	2020-06-30	2020-05-01	2020-03-31	2019-11-13	2019-09-30	2019-08-22	2019-06-30	2018-11-16	2018-09-30	2018-08-23	2018-06-30	2018-05-15	2018-03-31	2017-11-30	2017-09-30	2017-08-17	2017-06-30	2017-05-11	2017-03-31	2016-11-14	2016-09-30	2016-08-16	2016-06-30	2016-05-11	2016-03-31	2015-11-10	2015-09-30	2015-08-17	2015-06-30	2015-03-31	2014-11-12	2014-09-30	2014-08-11	2014-06-30	2014-05-14	2014-05-13	2014-03-31	2013-11-12	2013-09-30	2013-08-15	2013-06-30	2013-05-10	2013-03-31	2012-11-06	2012-09-30	2012-08-10	2012-06-30	2012-05-10	2012-03-31	2011-11-14	2011-09-30

operating activities:
net income	1,559,000,000	1,559,000,000	1,559,000,000	899,000,000	1,082,000,000	377,000,000	0	-258,000,000			-2,158,000,000			-2,158,000,000	605,000,000	605,000,000	99,000,000	99,000,000	339,551,000	339,551,000	125,793,000	125,793,000	20,054,000	20,054,000	387,202,000	387,202,000	147,991,000	147,991,000	147,991,000	147,991,000	310,366,000	310,366,000	67,141,000	67,141,000	67,141,000	67,141,000	150,971,000	150,971,000	-7,216,000	-7,216,000	-7,216,000	120,722,000	120,722,000	-13,114,000	-13,114,000	-7,216,000	-13,114,000	-13,114,000	95,863,000	95,863,000	943,000	943,000	943,000		70,488,000	70,488,000	70,488,000	70,488,000	-8,700,000	-8,700,000	40,670,000	40,670,000
share-based compensation	170,000,000	170,000,000	170,000,000	77,000,000	112,000,000	28,000,000	0	35,000,000	38,000,000	29,000,000	29,000,000	29,000,000		29,000,000	31,000,000	31,000,000	26,000,000	26,000,000	18,630,000	18,630,000	17,129,000	17,129,000	2,731,000	2,731,000	16,021,000	16,021,000	15,799,000	15,799,000	15,799,000	15,799,000	16,232,000	16,232,000	14,863,000	14,863,000	14,863,000	14,863,000	13,311,000	13,311,000	12,376,000	12,376,000	12,376,000	6,915,000	6,915,000	6,932,000	6,932,000	12,376,000	6,932,000	6,932,000	7,665,000	7,665,000	7,673,000	7,673,000	7,673,000	7,673,000	4,657,000	4,657,000	4,657,000	4,657,000	3,288,000	3,288,000	4,186,000	4,186,000
depreciation and amortization, and other	317,000,000	317,000,000		319,000,000	337,000,000	377,000,000	0	366,000,000	359,000,000		336,000,000	336,000,000		336,000,000	252,000,000	252,000,000	237,000,000	237,000,000
impairment loss	33,000,000	33,000,000	33,000,000	5,000,000	36,000,000	9,000,000			16,000,000	102,000,000	102,000,000	102,000,000		102,000,000											44,439,000	44,439,000	-44,439,000	-44,439,000			33,222,000	33,222,000	6,393,000	6,393,000	6,393,000	6,393,000	10,505,000	10,505,000				2,703,000	2,703,000												800,000	800,000	800,000	800,000
loss from equity method investments, net of dividends	58,000,000		58,000,000	-1,000,000		1,000,000		20,000,000	33,000,000	60,000,000	60,000,000				43,000,000		33,000,000
investment loss and foreign exchange loss	-435,000,000			-228,000,000
changes in operating assets and liabilities	924,000,000	924,000,000	-369,000,000	-288,000,000	750,000,000	472,000,000	0	-717,000,000	470,000,000		-1,275,000,000			-1,275,000,000	382,000,000	382,000,000	-307,000,000	-307,000,000
other	33,000,000	33,000,000		-203,000,000	-153,000,000	24,000,000	0	-139,000,000	161,000,000		472,000,000	472,000,000		472,000,000	42,000,000	42,000,000	-18,000,000	-18,000,000
net cash from operating activities	2,659,000,000	2,659,000,000	2,659,000,000	580,000,000	2,235,000,000	1,238,000,000			512,000,000		-1,346,000,000			-1,346,000,000	1,161,000,000	1,161,000,000	147,000,000	147,000,000	1,140,034,000	1,140,034,000	420,179,000	420,179,000	66,987,000	66,987,000		806,029,000	178,489,000	178,489,000	178,489,000	178,489,000	660,104,000	660,104,000	324,895,000	324,895,000	324,895,000	324,895,000	473,962,000	473,962,000	184,941,000	184,941,000	184,941,000	427,294,000	427,294,000	130,202,000	130,202,000	184,941,000	130,202,000	130,202,000	302,969,000	302,969,000	71,062,000	71,062,000	71,062,000	71,062,000	180,563,000	180,563,000	180,563,000	180,563,000	100,973,000	100,973,000	161,193,000	161,193,000
investing activities:
capital expenditures	-189,000,000	-189,000,000	-189,000,000	-240,000,000	-203,000,000	0			0		-484,000,000			-484,000,000	0	0	-384,000,000	-384,000,000	-160,555,000	-160,555,000	-370,977,000	-370,977,000	-59,142,000	-59,142,000		0	-185,116,000	-185,116,000	-185,116,000	-185,116,000	-105,747,000	-105,747,000	-179,440,000	-179,440,000	-179,440,000	-179,440,000	-100,964,000	-100,964,000	-290,967,000	-290,967,000	-290,967,000	-153,575,000	-153,575,000	-333,008,000	-333,008,000	-290,967,000	-333,008,000	-333,008,000	-173,859,000	-173,859,000	-346,634,000	-346,634,000	-346,634,000	-346,634,000	-205,995,000	-205,995,000	-205,995,000	-205,995,000	-250,065,000	-250,065,000	-180,730,000	-180,730,000
free cash flows	2,470,000,000	2,470,000,000	2,470,000,000	340,000,000	2,032,000,000	1,238,000,000			512,000,000		-1,830,000,000			-1,830,000,000	1,161,000,000	1,161,000,000	-237,000,000	-237,000,000	979,479,000	979,479,000	49,202,000	49,202,000	7,845,000	7,845,000		806,029,000	-6,627,000	-6,627,000	-6,627,000	-6,627,000	554,357,000	554,357,000	145,455,000	145,455,000	145,455,000	145,455,000	372,998,000	372,998,000	-106,026,000	-106,026,000	-106,026,000	273,719,000	273,719,000	-202,806,000	-202,806,000	-106,026,000	-202,806,000	-202,806,000	129,110,000	129,110,000	-275,572,000	-275,572,000	-275,572,000	-275,572,000	-25,432,000	-25,432,000	-25,432,000	-25,432,000	-149,092,000	-149,092,000	-19,537,000	-19,537,000
purchase of investments	-713,000,000	-713,000,000		-2,065,000,000	-632,000,000		0	-35,000,000
proceeds from maturity/sale and return of investments	1,099,000,000	1,099,000,000	1,099,000,000	3,031,000,000	1,139,000,000
loan advances	-14,000,000	-14,000,000	-14,000,000	-10,000,000	-12,000,000		0	-22,000,000			-58,000,000			-58,000,000			-186,000,000	-186,000,000
loan collections	42,000,000	42,000,000	42,000,000	40,000,000	53,000,000	45,000,000	0	63,000,000	47,000,000		24,000,000	24,000,000		24,000,000	66,000,000	66,000,000	40,000,000	40,000,000
net cash from investing activities	239,000,000	239,000,000	239,000,000	757,000,000	346,000,000						-5,235,000,000			-5,235,000,000			-378,000,000	-378,000,000	-193,842,000	-193,842,000	-4,023,311,000	-4,023,311,000	-641,410,000				-1,064,529,000	-1,064,529,000	-1,064,529,000	-1,064,529,000	380,246,000	380,246,000	-196,380,000	-196,380,000	-196,380,000	-196,380,000	-351,790,000	-351,790,000	-330,905,000	-330,905,000	-330,905,000	-219,659,000	-219,659,000	-362,217,000	-362,217,000	-330,905,000	-362,217,000	-362,217,000	-176,100,000	-176,100,000	-349,424,000	-349,424,000	-349,424,000	-349,424,000	-257,334,000	-257,334,000	-257,334,000	-257,334,000	-267,885,000	-267,885,000	-86,489,000	-86,489,000
financing activities:
payment of share repurchase	-13,000,000	-13,000,000	-13,000,000	-430,000,000	-132,000,000
proceeds from debt	2,195,000,000	2,195,000,000			53,000,000	207,000,000	0	1,519,000,000	4,291,000,000		836,000,000	836,000,000		836,000,000	1,682,000,000	1,682,000,000	2,644,000,000	2,644,000,000
repayment of debt	-757,000,000	-757,000,000	-757,000,000	-166,000,000	-292,000,000		0	-2,472,000,000			-4,023,000,000			-4,023,000,000			-2,186,000,000	-2,186,000,000
dividends paid	-2,136,000,000	-2,136,000,000
net cash from financing activities	-709,000,000	-709,000,000	-709,000,000	-628,000,000	-1,105,000,000				1,349,000,000		-3,893,000,000			-3,893,000,000			-194,000,000	-194,000,000	-534,541,000	-534,541,000	3,757,468,000	3,757,468,000	599,028,000		3,531,750,000	3,531,750,000	28,364,000	28,364,000	28,364,000	28,364,000	1,405,000	1,405,000	49,786,000	49,786,000	49,786,000	49,786,000	107,838,000	107,838,000	2,161,000	2,161,000	2,161,000	-2,121,000	-2,121,000	310,689,000	310,689,000	2,161,000	310,689,000	310,689,000	-2,443,000	-2,443,000	2,872,000	2,872,000	2,872,000	2,872,000	1,070,000	1,070,000	1,070,000	1,070,000	762,000	762,000	2,264,000	2,264,000
effect of exchange rate changes on cash, cash equivalents and restricted cash	20,000,000	20,000,000		70,000,000	10,000,000		0	-44,000,000	12,000,000		-50,000,000			-50,000,000	54,000,000	54,000,000	-2,000,000	-2,000,000
net increase in cash, cash equivalents and restricted cash	2,209,000,000	2,209,000,000			1,486,000,000	455,000,000	0	-1,287,000,000			-10,524,000,000			-10,524,000,000			-427,000,000	-427,000,000
less: net increase in cash and cash equivalents classified within assets held for sale	-1,000,000	-1,000,000		-2,000,000	-15,000,000
cash, cash equivalents and restricted cash at the beginning of the period	8,305,000,000	8,305,000,000	0	7,524,000,000	6,664,000,000	5,803,000,000	0	7,090,000,000	3,475,000,000		13,999,000,000	13,999,000,000		13,999,000,000	4,457,000,000	4,457,000,000	4,884,000,000	4,884,000,000	4,044,707,000	4,044,707,000	3,956,067,000	3,956,067,000	630,690,000
cash, cash equivalents and restricted cash at the end of the period	10,515,000,000	10,515,000,000	2,210,000,000	8,305,000,000	8,165,000,000	6,258,000,000	0	5,803,000,000	5,067,000,000		3,475,000,000	3,475,000,000		3,475,000,000	4,065,000,000	4,065,000,000	4,457,000,000	4,457,000,000	4,486,910,000	4,486,910,000	4,044,707,000	4,044,707,000	644,822,000
loss (income) from equity method investments, net of dividends		58,000,000			30,000,000											43,000,000
investment (income) loss and foreign exchange (gain) loss		-435,000,000			41,000,000
share-based compensation expenses
dividend paid											-677,000,000			-677,000,000			-658,000,000	-658,000,000															-276,262,000	-276,262,000	-276,262,000	-276,262,000
purchase of prepaid put option					-710,000,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization and other
investment income																																										-6,895,000	-6,895,000						34,000	34,000
foreign currency exchange loss
noncash lease expense										545,000,000
others
purchases of investments
effect of exchange rate changes on cash and cash equivalents, and restricted cash
net increase in cash and cash equivalents, and restricted cash, including cash classified within assets held for sale
less: net decrease in cash and cash equivalents classified within assets held for sale
cash and cash equivalents
restricted cash
total cash, cash equivalents and restricted cash shown in the statements of cash flows
supplemental disclosure of cash flow information:
interest paid
income taxes paid										112,000,000
supplemental schedule of non-cash investing and financing activities:
purchases of property and equipment included in payables										790,000,000
net increase in cash, cash equivalents and restricted cash, including cash classified within assets held for sale				779,000,000

income from equity method investments, net of dividends												60,000,000		60,000,000				33,000,000
foreign currency exchange (gain) loss
net proceeds from issuance of ordinary shares
net increase in cash and cash equivalents, and restricted cash, including cash classified within current assets held for sale
consideration payable for business acquisition										11,000,000
investment loss										1,088,000,000	1,088,000,000						77,000,000		267,239,000		137,126,000		21,861,000														173,000	173,000	1,455,000	1,455,000	1,455,000			428,000	428,000	1,455,000	428,000	428,000
foreign currency exchange gain
acquisitions, net of cash received											-5,056,000,000			-5,056,000,000			-36,000,000	-36,000,000	-39,042,000	-39,042,000							-765,023,000	-765,023,000	-765,023,000	-765,023,000	132,348,000	132,348,000	3,762,000	3,762,000	3,762,000	3,762,000	-1,744,000	-1,744,000	-13,316,000	-13,316,000	-13,316,000	-8,458,000	-8,458,000	-4,972,000	-4,972,000	-13,316,000	-4,972,000	-4,972,000	-270,000	-270,000	-2,770,000	-2,770,000	-2,770,000	-2,770,000	-21,895,000	-21,895,000	-21,895,000	-21,895,000	-4,610,000	-4,610,000	-4,290,000	-4,290,000
interest paid, net of amounts capitalized										87,000,000
income from equity method investments, net of dividends received
cash received for the termination of capped call
net change in cash, cash equivalents and restricted cash
cash paid for amounts included in the measurement of operating lease liabilities										459,000,000
cash paid for amounts included in the measurement of finance lease liabilities										18,000,000
non-cash right-of-use assets obtained in exchange for operating lease liabilities										628,000,000
non-cash right-of-use assets obtained in exchange for finance lease liabilities
non-cash right-of-use assets obtained in acquisition for operating lease
non-cash lease liabilities obtained in acquisition for operating lease
purchase of intangible assets included in payables										4,000,000
proceeds from maturity/sale of investments						174,000,000	0	1,256,000,000	35,000,000
investment (income) loss							0	-264,000,000				1,088,000,000		1,088,000,000				77,000,000		267,239,000		137,126,000		21,861,000
adjustments to reconcile net income to
net cash from operating activities:
net cash provided by (used in) operating activities								-957,000,000
net cash provided by (used in) investing activities								714,000,000
net proceeds from issuance of ordinary shares upon exercise of options								1,000,000							7,000,000	7,000,000	1,000,000	1,000,000	11,959,000	11,959,000	47,000	47,000	7,000		4,428,000	4,428,000	2,190,000	2,190,000	2,190,000	2,190,000
net cash provided by (used in) financing activities								-1,000,000,000
net increase (decrease) in cash, cash equivalents and restricted cash									1,592,000,000
depreciation and amortization										321,000,000									223,815,000	223,815,000	215,671,000	215,671,000	34,383,000	34,383,000	189,210,000	189,210,000	173,204,000	173,204,000	173,204,000	173,204,000	174,952,000	174,952,000	170,478,000	170,478,000	170,478,000	170,478,000	166,535,000	166,535,000	160,213,000	160,213,000	160,213,000	136,972,000	136,972,000	132,085,000	132,085,000	160,213,000	132,085,000	132,085,000	111,751,000	111,751,000	104,363,000	104,363,000	104,363,000	104,363,000	83,238,000	83,238,000	83,238,000	83,238,000	76,512,000	76,512,000	54,885,000	54,885,000
amortization of issuance cost of convertible senior notes and upfront fee of bank borrowings										15,000,000
deferred taxes																			-429,000	-429,000	2,672,000	2,672,000	426,000	426,000			2,955,000	2,955,000	2,955,000	2,955,000	-3,789,000	-3,789,000							-7,476,000	-7,476,000	-7,476,000					-7,476,000															16,000	16,000
bad debt expenses										13,000,000									741,000	741,000	542,000	542,000	86,000	86,000	601,000	601,000	413,000	413,000	413,000	413,000	97,000	97,000	749,000	749,000	749,000	749,000	-1,447,000	-1,447,000	1,186,000	1,186,000	1,186,000	867,000	867,000	128,000	128,000	1,186,000	128,000	128,000	1,620,000	1,620,000	2,589,000	2,589,000	2,589,000	2,589,000	251,000	251,000	251,000	251,000	1,105,000	1,105,000	92,000	92,000
loss from disposal of property and equipment																			-5,762,000		-460,000		-73,000		11,388,000		4,291,000
interest accretion for finance lease										9,000,000
changes in operating assets and liabilities, net of effect of acquisitions:
accounts receivable										43,000,000									-13,166,000	-13,166,000	-36,160,000	-36,160,000	-5,765,000	-5,765,000			6,174,000	6,174,000	6,174,000	6,174,000	-20,809,000	-20,809,000	-22,211,000	-22,211,000	-22,211,000	-22,211,000	-2,256,000	-2,256,000	-2,232,000	-2,232,000	-2,232,000	-1,986,000	-1,986,000	-15,849,000	-15,849,000	-2,232,000	-15,849,000	-15,849,000	-5,366,000	-5,366,000	-33,803,000	-33,803,000	-33,803,000	-33,803,000	-7,151,000	-7,151,000	-7,151,000	-7,151,000	-5,540,000	-5,540,000	605,000	605,000
inventories																			-2,950,000	-2,950,000	-3,210,000	-3,210,000	-512,000	-512,000			-1,748,000	-1,748,000	-1,748,000	-1,748,000	1,590,000	1,590,000	2,731,000	2,731,000	2,731,000	2,731,000	1,716,000	1,716,000	795,000	795,000	795,000	1,584,000	1,584,000	3,043,000	3,043,000	795,000	3,043,000	3,043,000	-1,929,000	-1,929,000	5,505,000	5,505,000	5,505,000	5,505,000	-4,095,000	-4,095,000	-4,095,000	-4,095,000	3,570,000	3,570,000	-906,000	-906,000
amounts due from related parties																			11,967,000	11,967,000	-11,574,000	-11,574,000	-1,845,000	-1,845,000			2,835,000	2,835,000	2,835,000	2,835,000	-3,954,000	-3,954,000	-824,000	-824,000	-824,000	-824,000						3,397,000	3,397,000	-3,140,000	-3,140,000		-3,140,000	-3,140,000
other current assets																			-34,287,000	-34,287,000	13,857,000	13,857,000	2,209,000	2,209,000	4,362,000	4,362,000	-7,134,000	-7,134,000	-7,134,000	-7,134,000	-11,874,000	-11,874,000	4,544,000	4,544,000	4,544,000	4,544,000	6,020,000	6,020,000	6,458,000	6,458,000	6,458,000	-30,490,000	-30,490,000	3,714,000	3,714,000	6,458,000	3,714,000	3,714,000	-18,240,000	-18,240,000	15,824,000	15,824,000	15,824,000	15,824,000	-14,227,000	-14,227,000	-14,227,000	-14,227,000	4,513,000	4,513,000	435,000	435,000
other assets																			-10,943,000	-10,943,000	13,044,000	13,044,000	2,081,000	2,081,000			-21,002,000	-21,002,000	-21,002,000	-21,002,000	410,000	410,000	-4,368,000	-4,368,000	-4,368,000	-4,368,000	994,000	994,000	-5,748,000	-5,748,000	-5,748,000	-7,052,000	-7,052,000	-2,606,000	-2,606,000	-5,748,000	-2,606,000	-2,606,000	-7,684,000	-7,684,000	-32,619,000	-32,619,000	-32,619,000	-32,619,000	-11,732,000	-11,732,000	-11,732,000	-11,732,000	-5,016,000	-5,016,000	-7,255,000	-7,255,000
accounts payable																			8,618,000	8,618,000	-11,315,000	-11,315,000	-1,804,000	-1,804,000	1,432,000	1,432,000	-39,822,000	-39,822,000	-39,822,000	-39,822,000	23,867,000	23,867,000	-3,321,000	-3,321,000	-3,321,000	-3,321,000	-7,620,000	-7,620,000	21,390,000	21,390,000	21,390,000	1,739,000	1,739,000	990,000	990,000	21,390,000	990,000	990,000	-3,226,000	-3,226,000	-120,000	-120,000	-120,000	-120,000	-381,000	-381,000	-381,000	-381,000	53,000	53,000	-1,658,000	-1,658,000
amounts due to related parties																			20,366,000	20,366,000	-2,448,000	-2,448,000	-390,000	-390,000			-700,000	-700,000	-700,000	-700,000	3,180,000	3,180,000	749,000	749,000	749,000	749,000
salary and welfare payables																			101,500,000	101,500,000	-183,447,000	-183,447,000	-29,246,000	-29,246,000	57,289,000	57,289,000	-104,752,000	-104,752,000	-104,752,000	-104,752,000	44,827,000	44,827,000	-68,012,000	-68,012,000	-68,012,000	-68,012,000	44,559,000	44,559,000	-70,396,000	-70,396,000	-70,396,000	28,101,000	28,101,000	-44,312,000	-44,312,000	-70,396,000	-44,312,000	-44,312,000	27,020,000	27,020,000	-39,463,000	-39,463,000	-39,463,000	-39,463,000	26,008,000	26,008,000	26,008,000	26,008,000	-18,302,000	-18,302,000	15,379,000	15,379,000
deferred revenue																			35,499,000	35,499,000	58,644,000	58,644,000	9,349,000	9,349,000			-19,232,000	-19,232,000	-19,232,000	-19,232,000	54,638,000	54,638,000	97,110,000	97,110,000	97,110,000	97,110,000	75,048,000	75,048,000	7,262,000	7,262,000	7,262,000	78,325,000	78,325,000	39,737,000	39,737,000	7,262,000	39,737,000	39,737,000	14,651,000	14,651,000	18,315,000	18,315,000	18,315,000	18,315,000	22,097,000	22,097,000	22,097,000	22,097,000	17,964,000	17,964,000	15,105,000	15,105,000
accrued expenses and other current liabilities																			102,041,000	102,041,000	51,030,000	51,030,000	8,135,000	8,135,000	35,123,000	35,123,000	107,023,000	107,023,000	107,023,000	107,023,000	32,597,000	32,597,000	39,119,000	39,119,000	39,119,000	39,119,000	-23,465,000	-23,465,000	59,689,000	59,689,000	59,689,000	14,934,000	14,934,000	7,281,000	7,281,000	59,689,000	7,281,000	7,281,000	17,729,000	17,729,000	18,501,000	18,501,000	18,501,000	18,501,000	-6,973,000	-6,973,000	-6,973,000	-6,973,000	20,695,000	20,695,000	24,721,000	24,721,000
operating lease liabilities
income tax payable																			26,859,000	26,859,000	-119,020,000	-119,020,000	-18,975,000	-18,975,000	83,089,000	83,089,000	-46,442,000	-46,442,000	-46,442,000	-46,442,000
other long-term liabilities										7,000,000									2,974,000	2,974,000	20,453,000	20,453,000	3,261,000	3,261,000	11,886,000	11,886,000	8,583,000	8,583,000	8,583,000	8,583,000	10,648,000	10,648,000	15,766,000	15,766,000	15,766,000	15,766,000	16,282,000	16,282,000	19,588,000	19,588,000	19,588,000	14,052,000	14,052,000	12,547,000	12,547,000	19,588,000	12,547,000	12,547,000	12,509,000	12,509,000	12,773,000	12,773,000	12,773,000	12,773,000	11,038,000	11,038,000	11,038,000	11,038,000	3,397,000	3,397,000	3,033,000	3,033,000
purchases of property and equipment																			-160,555,000	-160,555,000	-370,977,000	-370,977,000	-59,142,000	-59,142,000			-185,116,000	-185,116,000	-185,116,000	-185,116,000	-105,747,000	-105,747,000	-179,440,000	-179,440,000	-179,440,000	-179,440,000	-100,964,000	-100,964,000	-290,967,000	-290,967,000	-290,967,000	-153,575,000	-153,575,000	-333,008,000	-333,008,000	-290,967,000	-333,008,000	-333,008,000
purchases of intangibles																			-1,441,000	-1,441,000							-826,000	-826,000	-826,000	-826,000	-1,049,000	-1,049,000	-3,868,000	-3,868,000	-3,868,000	-3,868,000	-3,808,000	-3,808,000	-3,384,000	-3,384,000	-3,384,000	-929,000	-929,000	-2,352,000	-2,352,000	-3,384,000	-2,352,000	-2,352,000	-96,000	-96,000	-208,000	-208,000	-208,000	-208,000	-855,000	-855,000	-855,000	-855,000	-215,000	-215,000	-938,000	-938,000
proceeds from disposal of subsidiary and branch, net of cash disposed										3,000,000									4,667,000	4,667,000	1,185,000	1,185,000	189,000	189,000
proceeds from maturity/sale and return of long-term investments										336,000,000
payment for shareholder loan to equity investees																					-6,240,000	-6,240,000	-995,000	-995,000
payment for the origination of loan receivables																			-49,500,000	-49,500,000	-132,170,000	-132,170,000	-21,071,000	-21,071,000			-3,400,000	-3,400,000	-3,400,000	-3,400,000
proceeds from collection of loan receivables										24,000,000									94,970,000	94,970,000	270,026,000	270,026,000	43,048,000	43,048,000	4,526,000	4,526,000	5,812,000	5,812,000	5,812,000	5,812,000
net cash (used in) investing activities																								-641,410,000
proceeds from short-term bank borrowings										800,000,000									70,000,000	70,000,000	220,000,000	220,000,000	35,073,000
repayment of short-term bank borrowings																			-128,288,000	-128,288,000
proceeds from long-term bank borrowings																					3,450,652,000	3,450,652,000	550,115,000
repayment of long-term bank borrowings																			-507,207,000	-507,207,000
repayment of funds advanced from noncontrolling interest holders																			-1,680,000	-1,680,000	-2,250,000	-2,250,000	-359,000								-100,000	-100,000	-100,000	-100,000	-100,000	-100,000	-441,000	-441,000	-240,000	-240,000	-240,000	-400,000	-400,000	-240,000	-240,000	-240,000	-240,000	-240,000	-4,029,000	-4,029,000	-341,000	-341,000	-341,000	-341,000	-575,000	-575,000	-575,000	-575,000	-810,000	-810,000	-535,000	-535,000
acquisitions of noncontrolling interest
contribution from noncontrolling interest holders																			757,000	757,000	4,070,000	4,070,000	649,000		6,631,000	6,631,000	310,000	310,000	310,000	310,000	245,000	245,000	34,059,000	34,059,000	34,059,000	34,059,000	2,250,000	2,250,000											200,000	200,000									5,000	5,000
proceeds from long-term finance liabilities										36,000,000
repayment of long-term finance liabilities
dividends paid to noncontrolling interest holders																			-407,000	-407,000	-1,422,000	-1,422,000	-227,000				-650,000	-650,000
principal payments of finance lease
net cash (used in) provided by financing activities
cash, cash equivalents and restricted cash at the beginning of the year/period										13,999,000,000
cash, cash equivalents and restricted cash at the end of the year/period										3,475,000,000
rmb
purchase of long-term investments																											-78,609,000	-78,609,000	-78,609,000	-78,609,000	-52,422,000	-52,422,000	-79,252,000	-79,252,000	-79,252,000	-79,252,000						-126,275,000	-126,275,000	-30,000,000	-30,000,000		-30,000,000	-30,000,000
proceeds from maturity/sale of long- term investments											336,000,000			336,000,000
proceeds from maturity/sale of long-term investments												336,000,000					188,000,000	188,000,000	105,207,000	105,207,000	2,182,000	2,182,000	348,000	348,000	87,593,000	87,593,000	38,613,000	38,613,000	38,613,000	38,613,000	5,009,000	5,009,000	14,727,000	14,727,000	14,727,000	14,727,000	3,612,000	3,612,000	2,513,000	2,513,000	2,513,000					2,513,000
+/-													85,757,231
=													69,626,693
-/+													-3,570,650
-													-9,020,000
+													3,775,000
amortization of issuance cost of convertible senior notes																			6,455,000	6,455,000	7,958,000	7,958,000	1,269,000	1,269,000
deferred rent																			29,181,000	29,181,000	23,882,000	23,882,000	3,807,000	3,807,000	48,485,000	48,485,000	14,837,000	14,837,000	14,837,000	14,837,000	22,088,000	22,088,000	30,547,000	30,547,000	30,547,000	30,547,000	27,400,000	27,400,000	32,979,000	32,979,000	32,979,000	46,216,000	46,216,000	42,677,000	42,677,000	32,979,000	42,677,000	42,677,000	42,179,000	42,179,000	46,207,000	46,207,000	46,207,000	46,207,000	34,948,000	34,948,000	34,948,000	34,948,000	25,496,000	25,496,000	27,154,000	27,154,000
loss (gain) from disposal of property and equipment
prepaid rent																			1,472,000	1,472,000	96,452,000	96,452,000	15,377,000	15,377,000	3,770,000	3,770,000	-34,897,000	-34,897,000	-34,897,000	-34,897,000	33,528,000	33,528,000	6,549,000	6,549,000	6,549,000	6,549,000	-28,617,000	-28,617,000	-6,494,000	-6,494,000	-6,494,000	-11,765,000	-11,765,000	-9,001,000	-9,001,000	-6,494,000	-9,001,000	-9,001,000	-954,000	-954,000	-22,311,000	-22,311,000	-22,311,000	-22,311,000	-25,228,000	-25,228,000	-25,228,000	-25,228,000	-3,578,000	-3,578,000	-13,085,000	-13,085,000
operating lease liability
purchases of land use rights
amount received as a result of government zoning																			4,660,000	4,660,000	2,528,000	2,528,000	403,000	403,000									2,099,000	2,099,000	2,099,000	2,099,000			1,000,000	1,000,000	1,000,000			6,553,000	6,553,000	1,000,000	6,553,000	6,553,000			2,500,000	2,500,000	2,500,000	2,500,000
collection of shareholder loan from equity investees
purchases of short-term investments																																					-237,895,000	-237,895,000	-10,000,000	-10,000,000	-10,000,000					-10,000,000
funds advanced from noncontrolling interest holders																			5,630,000	5,630,000					13,950,000	13,950,000	22,739,000	22,739,000	22,739,000	22,739,000			4,000,000	4,000,000	4,000,000	4,000,000
proceeds from amounts due to related parties																			16,786,000	16,786,000	86,371,000	86,371,000	13,770,000
repayment of amounts due to related parties
proceeds from issuance of convertible senior notes, net of issuance cost and capped call option
direct financing costs paid
proceeds from ads lending
cash, cash equivalents and restricted cash at the beginning of the year
cash, cash equivalents and restricted cash at the end of the year
reimbursement of government zoning included in receivables
cash dividends declared in payables
purchases of long-term investments																			-152,808,000	-152,808,000	-3,789,845,000	-3,789,845,000	-604,190,000	-604,190,000													-12,602,000	-12,602,000	-16,500,000	-16,500,000	-16,500,000					-16,500,000
acquisition of noncontrolling interest																			-2,091,000	-2,091,000							-3,750,000	-3,750,000	-3,750,000	-3,750,000												-2,042,000	-2,042,000
debt financing costs paid
net increase in cash and cash equivalents, and restricted cash																			442,203,000	442,203,000	88,640,000	88,640,000	14,132,000
purchases of property and equipment for hotels in operation and headquarters
purchases of property and equipment for hotels under development
proceeds from maturity/sale of short-term investments																															451,616,000	451,616,000	80,242,000	80,242,000	80,242,000	80,242,000			1,001,000	1,001,000
issuance of ordinary shares for acquisition of accorhotels
loss from equity method investments																			10,663,000		3,560,000		568,000		978,000		4,654,000		4,654,000		3,146,000		-3,291,000		-3,291,000
collection of shareholder loan from joint venture																									48,500,000	48,500,000	-48,500,000	-48,500,000									749,000	749,000
purchase of short-term investments																															-25,400,000	-25,400,000
huazhu group limited
unaudited condensed consolidated statements of cash flows
effect of exchange rate changes on cash and cash equivalents																			30,552,000	30,552,000	-65,696,000	-65,696,000	-10,473,000				-1,839,000	-1,839,000	-1,839,000	-1,839,000	9,837,000	9,837,000	-1,379,000	-1,379,000	-1,379,000	-1,379,000	316,000	316,000	-1,912,000	-1,912,000	-1,912,000	47,000	47,000	602,000	602,000	-1,912,000	602,000	602,000	-580,000	-580,000	-216,000	-216,000	-216,000	-216,000	1,162,000	1,162,000	1,162,000	1,162,000	231,000	231,000	-4,269,000	-4,269,000
gain from disposal of property and equipment																				-5,762,000		-460,000		-73,000					4,291,000	4,291,000	6,841,000	6,841,000												-1,511,000	-1,511,000		-1,511,000	-1,511,000
income from equity method investments																				10,663,000		3,560,000		568,000				4,654,000
china lodging group, limited
debt financing and administrative costs paid
page 13 of 19
operating activities3:
amortization of issuance cost of convertible notes
proceeds from disposal of subisidary and branch, net of cash disposed
decrease in restricted cash																																												1,562,000			1,562,000		-1,445,000		-2,312,000		-2,312,000		-460,000		-460,000		-12,995,000		-531,000
proceeds from short-term debt																									135,488,000	135,488,000	1,000,000	1,000,000	1,000,000	1,000,000			281,719,000	281,719,000	281,719,000	281,719,000	100,000,000	100,000,000						300,000,000	300,000,000		300,000,000	300,000,000
repayment of short-term debt																											-1,000,000	-1,000,000	-1,000,000	-1,000,000							-511,000	-511,000
proceeds from long-term debt																									3,633,174,000	3,633,174,000	-3,633,174,000	-3,633,174,000
repayment of long-term debt
proceeds from issuance of convertible notes, net of issuance cost and capped call option
net increase in cash and cash equivalents																									604,883,000	604,883,000	-859,515,000	-859,515,000	-859,515,000	-859,515,000	1,051,592,000	1,051,592,000	176,922,000	176,922,000	176,922,000	176,922,000	230,326,000	230,326,000	-145,715,000	-145,715,000	-145,715,000	205,561,000	205,561,000	79,276,000	79,276,000	-145,715,000	79,276,000	79,276,000	123,846,000	123,846,000	-275,706,000	-275,706,000			-74,539,000	-74,539,000	-74,539,000	-74,539,000			72,699,000	72,699,000
cash and cash equivalents at the beginning of the period																									2,375,492,000	2,375,492,000	3,235,007,000	3,235,007,000	3,235,007,000	3,235,007,000	1,414,760,000	1,414,760,000	1,237,838,000	1,237,838,000	1,237,838,000	1,237,838,000	663,150,000	663,150,000	808,865,000	808,865,000	808,865,000	476,711,000	476,711,000	397,435,000	397,435,000	808,865,000	397,435,000	397,435,000
cash and cash equivalents at the end of the period																									2,980,375,000	2,980,375,000	2,375,492,000	2,375,492,000	2,375,492,000	2,375,492,000	2,466,352,000	2,466,352,000	1,414,760,000	1,414,760,000	1,414,760,000	1,414,760,000	893,476,000	893,476,000	663,150,000	663,150,000	663,150,000	682,272,000	682,272,000	476,711,000	476,711,000	663,150,000	476,711,000	476,711,000
net cash provided by operating activities																									806,029,000
(increase) decrease in restricted cash
net cash (used in) provided by investing activities
net (decrease) increase in cash and cash equivalents
cash and cash equivalents at the beginning of the year
cash and cash equivalents at the end of the year
proceeds from disposal of subsidiary and branch included in receivables
acquisition of noncontrolling interest included in payables
excess tax benefit from share-based compensation																									8,200,000	8,200,000	-7,525,000	-7,525,000	-7,525,000	-7,525,000	-510,000	-510,000	-3,009,000	-3,009,000	-3,009,000	-3,009,000	-2,019,000	-2,019,000	-1,197,000	-1,197,000	-1,197,000	-206,000	-206,000	-5,319,000	-5,319,000	-1,197,000	-5,319,000	-5,319,000	-486,000	-486,000	-548,000	-548,000	-548,000	-548,000	-292,000	-292,000	-292,000	-292,000	-352,000	-352,000
payment for shareholder loan to joint venture																											-75,980,000	-75,980,000	-75,980,000	-75,980,000	-3,442,000	-3,442,000	-34,650,000	-34,650,000	-34,650,000	-34,650,000			-1,252,000	-1,252,000	-1,252,000	-14,207,000	-14,207,000			-1,252,000
increase in restricted cash																																										1,000,000	1,000,000
income from disposal of property and equipment																										11,388,000		4,291,000
loss (income) from equity method investments																										978,000				4,654,000		3,146,000		-3,291,000		-3,291,000
investment gain																											-27,016,000	-27,016,000	-27,016,000	-27,016,000
proceeds from sale of short-term investments
dividend paid to noncontrolling interest holders																													-650,000	-650,000	-240,000	-240,000	-890,000	-890,000	-890,000	-890,000	-3,212,000	-3,212,000	-796,000	-796,000	-796,000	-369,000	-369,000	-841,000	-841,000	-796,000	-841,000	-841,000	-2,743,000	-2,743,000	-144,000	-144,000	-144,000	-144,000	-2,331,000	-2,331,000	-2,331,000	-2,331,000	-804,000	-804,000	-2,831,000	-2,831,000
income tax payable and receivable																															34,660,000	34,660,000	-13,905,000	-13,905,000	-13,905,000	-13,905,000	24,225,000	24,225,000	-37,536,000	-37,536,000	-37,536,000	28,845,000	28,845,000	-25,043,000	-25,043,000	-37,536,000	-25,043,000	-25,043,000	7,463,000	7,463,000	-33,028,000	-33,028,000	-33,028,000	-33,028,000	-2,791,000	-2,791,000	-2,791,000	-2,791,000	-14,611,000	-14,611,000
proceeds from sale of short-term investment
net proceeds from issuance of ordinary shares upon exercise of option																															990,000	990,000	4,251,000	4,251,000	4,251,000	4,251,000	7,733,000	7,733,000	2,000,000	2,000,000	2,000,000	484,000	484,000	6,451,000	6,451,000	2,000,000	6,451,000	6,451,000	1,698,000	1,698,000	1,553,000	1,553,000	1,553,000	1,553,000	2,714,000	2,714,000	2,714,000	2,714,000	2,019,000	2,019,000	4,145,000	4,145,000
decrease (increase) in restricted cash																																													1,562,000			1,562,000		-1,445,000		-2,312,000		-2,312,000		-460,000		-460,000		-12,995,000		-531,000
net increase (decrease) in cash and cash equivalents
issuance of ordinary shares for acquisition
gain from sale of investments																															-105,849,000	-105,849,000	-12,903,000	-12,903,000	-12,903,000	-12,903,000
proceeds from disposal of subsidiary and branch																															-20,667,000	-20,667,000
proceeds from sale of long-term investments																																										82,785,000	82,785,000
proceeds from sales of short-term investments																																									1,001,000					1,001,000															100,000,000	100,000,000
proceeds from issuance of ordinary shares upon exercise of options included in receivables
amounts due to a related party																																					1,647,000	1,647,000	-155,000	-155,000	-155,000	316,000	316,000	535,000	535,000	-155,000	535,000	535,000
proceeds from maturity/sales of short-term investments																																					862,000	862,000
decrease(increase) in restricted cash
repayment to noncontrolling interest holders
net cash provided by financing activities
amount due from related parties																																																													3,267,000	3,267,000
amount due to related parties																																																	2,370,000	2,370,000	261,000	261,000	261,000	261,000	-92,000	-92,000	-92,000	-92,000	479,000	479,000	133,000	133,000
purchase of property and equipment																																																	-173,859,000	-173,859,000	-346,634,000	-346,634,000	-346,634,000	-346,634,000	-205,995,000	-205,995,000	-205,995,000	-205,995,000	-250,065,000	-250,065,000	-180,730,000	-180,730,000
purchase of long term investment																																																	-430,000	-430,000
purchase of short term investment
proceeds from short-term bank loans																																																			45,796,000	45,796,000	45,796,000	45,796,000
repayment of short term debt																																																			-44,540,000	-44,540,000	-44,540,000	-44,540,000
proceeds from long-term bank loans																																																							1,000,000	1,000,000	1,000,000	1,000,000
repayment of long term debt																																																							-30,000	-30,000	-30,000	-30,000
funds advanced from noncontrolling shareholders																																																	1,945,000	1,945,000											1,485,000	1,485,000
acquisition of non controlling interests
cash and cash equivalents, beginning of period																																																	174,138,000	174,138,000	449,844,000	449,844,000	449,844,000	449,844,000	615,682,000	615,682,000	615,682,000	615,682,000	781,601,000	781,601,000	902,002,000	902,002,000
cash and cash equivalents, end of period																																																	297,984,000	297,984,000	174,138,000	174,138,000	174,138,000	174,138,000	541,143,000	541,143,000	541,143,000	541,143,000	615,682,000	615,682,000	974,701,000	974,701,000
purchase of property and equipment for hotels under development
sales of short-term investments
purchases of property and equipment included in payable
proceeds from issuance of ordinary shares upon exercise of option included in receivables
net decrease in cash and cash equivalents																																																					-275,706,000	-275,706,000					-165,919,000	-165,919,000
net income/																																																						943,000
payment to acquire investment																																																							-28,129,000	-28,129,000	-28,129,000	-28,129,000
purchase of long-term investment
proceeds from issuance of ordinary shares
ordinary share issuance costs, net of existing shareholder reimbursements
net proceeds from exercise of warrants
proceeds from sales of partial ownership interest in one subsidiary
payment of ordinary share issuance costs through utilization of prepayment and amount included in payables
issuance of ordinary shares upon exercise of options from subscription deposit
issuance warrant for acquisition of noncontrolling interest
proceeds from issuance of ordinary shares upon exercise of option included in receivable
ordinary share issuance costs, net of exisiting shareholder reimbursements
collection of amount due from related parties
refund of deposits of share subscription
deposits received for exercise of options
issuance of ordinary shares from subscription deposit
income tax payable/receivable																																																													-5,584,000	-5,584,000
adjustments to reconcile net income to net cash provided by (used in) operating activities:
change in the fair value of warrants
net proceeds from issuance of series b preferred shares
deposits received for share subscription
issuance of series b preferred shares in exchange for amounts due to related parties

Huazhu Group Limited(NASDAQ:HTHT)

Huazhu Group Limited
(NASDAQ:HTHT)