Jan. 9, 2012 (China Knowledge) - State-owned Beijing
Tourism Group reaped RMB 1.35 billion in gross profits last year, 3.1% or RMB 41 million more than RMB 1.31 billion the company earned in 2010, in which the target made by the State-owned Assets Supervision and Administration Commission
of People's Government of Beijing
Municipality is achieved.
In 2011, Beijing
Tourism Group saw its operating revenue reach RMB 34.7 billion, reflecting a year-on-year increase of 9.5% or RMB 3 billion from RMB 31.7 billion in 2010.
At the end of last year, the group had RMB 35 billion in total assets and RMB 11.5 billion in net asset, whereas it had RMB 8.3 billion and RMB 3.9 billion as of December 31, 1998, respectively.
China Quanjude (Group) Co Ltd<002186
>, a popular Peking Duck restaurant chain owned by Beijing
Tourism Group, added three regular chains, bringing the total number to 27 as of December 31, 2011, and its franchised store number increased by five to 58 at the end of last year. Beijing
Tourism Group is also the parent company of Beijing
Capital Retailing Group Co Ltd<600723
>, formerly known as Beijing
Xidan Department Store Co, Beijing
Capital Tourism Co Ltd<600258
> and Home Inns & Hotels Management Inc<HMIN>.