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Chateau — Interim / Quarterly Report 2015
Apr 12, 2016
52188_rns_2016-04-12_0677c3f5-7feb-46ca-9acd-beecc49a28ff.pdf
Interim / Quarterly Report
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Chateau International Development Co.,Ltd. Reported by: Te-Hsiang, Tsai G. Manager Date：April 8, 2016
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Company Profile Market profile Performance Prospect
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Company Profile Market profile
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Performance Prospect
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Company Profile-Business Information
Chateau International Development Co.,Lt
Listed on March 14, 2012 (Code: 2722) Date of Establishment September 27, 1995 Address No.15, Aly. 2, Ln. 40, Shengbei Rd., Hengchun Township, Pingtung Hsieng, Taiwan, ROC Content of Business General hotel lodging, restaurant, recreational facilities, beach, travel information service President Hsi-Tsun, Chen G. Manager Te-Hsiang, Tsai Capital NT$954,460,310 Number of Employees 399(March, 2016) Substantial GuanTian Investment & Development Co., Ltd. (26.50%) Shareholders Chung Shin Development Co., Ltd. (20.17%)
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Company Profile-Management Philosophy
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Dreams Come True.
Taiwan’s Finest
Beach Resort Hotel
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Innovation
with Heart
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Excellent
Performance
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“Customers First”
Service Concept
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“Unique”&“the
Only”Geographical
Conditions
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“Human-Oriented”
Management
Spirit
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Company Profile- Company Chronicle
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1995
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- •In December, obtained operating right of Kenting Forest Recreation Area Waterfront from Council of Agriculture, Executive Yuan.
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1998
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- •In October, Chateau Beach Resort Kenting Hotel was opened to the public and operated officially.
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2003
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- •In July, the 2[nd] Hall of Chateau(MARBELLA) and outdoor recreational facilities(Swimming Pool for adults, SPA Pool, Beach BAR and BBQ area) were finished and operated formally.
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2007
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- •In February, the 3[rd] Hall of Chateau(POSITANO) was completed and operated formally.
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2009
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In August, public offering of stocks approved by Securities and Futures Bureau, Financial Supervisory Commission, Executive Yuan.
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In September, the stock trading was approved by Gre Tai Market and the trading was opened officially on September 17.
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2011
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- In July, the silver medal of Taiwan TrainQuali System(TTQS) issued by the Vocational Training Bureau of Council of Labor Affairs, Executive Yuan was acquired.
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2012
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In March, the application for listing was approved by Taiwan Stock Exchange and Financial Supervisory Commission, Executive Yuan.
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In August, Qualicert Service Certification of SGS Certification was obtained.
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In October, 5-Star Hotel Mark issued by Tourism Bureau, Ministry
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2014
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- In September, the silver medal of Taiwan TrainQuali System(TTQS) issued by the Vocational Training Bureau of Council of Labor Affairs, Executive Yuan was acquired.
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Accommodation Service
Rooms：295, for 1,000 customers
PROVENCE
Superior Double Room：91 Superior Family ：49
MARBELLA
Family Mountain View ：27 Family Ocean View ：35
POSITANO
Family Mountain View ：8 Family Ocean View ：66 Honeymoon Suite：14 Family Suite ：2 Chateau Suite：2 Royal Suite：1
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Food & Beverage Service
Aegean Restaurant for 250 persons
Mediterranean Banquet Hall for 300 persons
Matisse Bar
Atami Restaurant for 220 persons
BBQ Garden for 250 persons
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Ocean View Cafe & Internet Zone
Gift Shop
Gift Shop 1
Hello Kitty Shop
Gift Shop 2
SPA
i-STONE
Photo Shop
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Recreation Service
Experiencing Sailing, Kayaking, Body Boards, Water Aerobics, Archery, Water Volleyball, Beach Volleyball, Mini Golf, Game Arcade, Decoration DIY Class….
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Revenue Distribution(2015)
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Other Income, 2.03%
Food & Beverage Income,
25.31%
Rooms Income,
72.65%
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Source Analysis-FIT & GIT Rates
Unit：Rooms, %
2015 2014 YOY 67,804 64,672 3,132 FIT 73.07% 72.8% 0.27% 24,983 24,217 766 GIT 27.6% 27.2% 0.4% TOTAL 92,787 88,889 3,898
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Company Profile Market profile Performance Prospect
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Market profile-Tourism Balance Statistics
| Title | Title | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|
| Total Amount | US$248.11 Billion | US$214.73 Billion | US$208.83 Billion | ||
| % of GDP | 4.68% | 4.20% | 4.21% | ||
| Foreign Exchange Income |
US$146.15 Billion | US$123.22 Billion | US$117.69 Billion | ||
| Tourism Income |
Visitors to Taiwan |
Visitors to Taiwan Per Capita Daily Spending |
9,910,204 US$221.76 |
8,016,280 US$224.07 |
7,311,470 US$234.31 |
| Per Capita Average Number of Nights |
6.65 | 6.86 | 6.87 | ||
| Total Expenditure | US$101.96 Billion | US$91.51 Billion | US$91.14 Billion | ||
| Inbound Travel |
Domestic Visitors |
1.5626 Billion trips | 1.4262 Billion trips | 1.4207 Billion trips | |
| Per Capita Spending | NT$1,979 | NT$1,908 | NT$1,900 |
Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Market rofile- Tourism Balance Statistics p
| Title | 2014 | 2013 | 2012 | ||
|---|---|---|---|---|---|
| Outbound Total Expenditure |
US$140 Billion | US$123 Billion | US$106 Billion | ||
| Outbound | US$199 Billion | US$181 Billion | US$169 Billion | ||
| Tourism | Outbound | ||||
| Expense | Travel | Per Capita Spending | 11,844,635 | 11,052,908 | 10,239,760 |
| Outbound Total Expenditure |
US$1,680 | US$1,639 | US$1,646 |
Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Number Changes of Visitors who visited Taiwan and Travel by R.O.C. Citizens in the Past Decade
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Inbond Oubond Unit: persons
14,000,000
13,182,976
12,000,000 11,844,635
11,052,908
10,439,785
10,000,000 10,239,760 9,910,204
9,415,074 [9,583,873 ]
8,671,375 [8,963,712 ]
8,000,000 8,465,172 8,142,946 8,016,280
7,311,470
6,000,000 6,087,484
5,567,277
4,395,004
4,000,000
3,519,827 [3,716,063 3,845,187 ]
2,000,000
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
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Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Number and Ratio Changes of Visitors who visited Taiwan by Purpose of Visit in the Past Decade
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Tourism
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Tourism
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Tourism
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Year 2006 Number of Tourist: 1,510,207 43% of the Total Visitors who visited Taiwan
Year 2011 Number of Tourist: 3,633,856 59.69% of the Total Visitors who visited Taiwan
Year 2015
Number of Tourist: 7,505,457 71.89% of the Total Visitors who visited Taiwan
Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Growth and Trends of Visitors who visited Taiwan from Main Source Countries in the Past Decade
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Unit: persons
4,184,102
Japan
HK, Macau 3,987,152
Kerea
China
U.S.A
Europe
2,586,428 [2,874,] [70] [2 ]
South-East Asia
1,784,185
1,630,735
972,123
329,204
0 0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
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Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Numbers Changes of Inbound Tourism in the Past Decade
Unit: 1,000 Persons 180,000 156,260 160,000 152,268 140,000 142,069 142,615 120,000 110,253 123,937 97,990 96,197 100,000 92,610 107,541 80,000 60,000 40,000 20,000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Tourism Foreign Exchange Earnings and Expenditure and Total Revenue of Inbound Travel in the Past Decade
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Unit: NT$ 100 Million
8,000
7,530
7,000
6,000 6,363 6,389
6,184
5,000
5,140 4,438
4,000 3,485 3,668
4,081
3,894 3,905 3,260
3,713
3,511
3,000 2,759
2,253 3,103 3,092
2,243
2,193
1,926 1,842 2,699 2,721
2,000 2,381
1,651 1,712 1,871 1,828
1,585
1,000
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Total Tourism Income Foreign Exchange Income Inbound Tourism Income
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Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Statistics on Numbers of Visitors to Hengchun Peninsula Recreation Area over the Years
Unit: Person
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9,000,000 8,376,708 8,080,298
8,000,000
7,008,107 [7,250,086 ]
7,000,000 6,531,302 6,341,160
6,000,000
4,945,364
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
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Number of Vistors
2009 2010 2011 2012 2013 2014 2015
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Source: Kenting National Park Administration Executive Service
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Company Profile Market profile Performance Prospect
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Performance- Occupancy Rate
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Unit: %
90.00% 86.99% 86.50%
85.20%
81.10%
80.00% 79.83%
80.00%
73.06%
68.65%
70.00%
60.00%
2008 2009 2010 2011 2012 2013 2014 2015
Occupancy Rate
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Source: Chateau International Development Co., Ltd.
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Performance- Average Room Prices
Unit：NT$
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5,800 5,663
5,605
5,600
5,400
5,194
5,099
5,200
5,000
4,824
4,800
4,569 4,592
4,494
4,600
4,400
4,200
2008 2009 2010 2011 2012 2013 2014 2015
Average Room Prices
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Source: Chateau International Development Co., Ltd.
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Performance- Operating Total Revenue
Unit：NT$ 1,000
750,000 738,026
714,025
700,000
663,225
650,000 [622,468]
601,413 [610,539]
600,000
545,610
550,000
513,403
500,000
2008 2009 2010 2011 2012 2013 2014 2015
Operating Total Revenue
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Source: Chateau International Development Co., Ltd.
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Scenic Tourist Hotels Operating Total Revenue Ranking in 2015
| Unit：%，NT$ | Unit：%，NT$ | 1000，Number | 1000，Number | of Room | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ranking | Hotel Name | Occupancy Rate |
Average Room Rate |
Room Revenue |
F & B Revenue |
Total Revenue |
FIT | GROUP | Total | ||
| 1 | Hotel Royal Chiao-His |
77.50% | 7,112 | 388,250 | 272,933 | 759,768 | 104,715 | 37,372 | 142,087 | ||
| 2 | Chateau Beach Resort Kenting |
86.50% | 5,663 | 536,199 | 186,815 | 738,026 | 179,888 | 66,298 | 246,186 | ||
| 3 | Fleur De Chine Hotel |
71.86% | 7,680 | 425,034 | 253,075 | 723,478 | 67,577 | 70,981 | 138,558 | ||
| 4 | Caesar Park Hotel Kenting |
89.39% | 5,560 | 509,801 | 167,047 | 716,505 | 176,647 | 56,283 | 232,930 | ||
| 5 | Howard Beach Resort Kenting |
74.87% | 3,608 | 451,574 | 148,149 | 649,069 | 163,182 | 165,267 | 328,449 | ||
| 6 | The Lalu Sun Moon Lake |
81.08% | 11,555 | 328,277 | 128,094 | 517,110 | 49,011 | 8,967 | 57,978 | ||
| 7 | Silks Place Hotel, Taroko |
62.80% | 6,613 | 242,548 | 89,851 | 374,625 | 54,795 | 24,550 | 79,345 | ||
| 8 | Hotel Royal Chihpen Spa |
66.29% | 4,080 | 179,664 | 103,576 | 330,615 | 74,290 | 30,508 | 104,798 | ||
| 9 | Wen Wan Hotel & Resorts |
37.12% | 10,814 | 134,552 | 72,286 | 223,657 | 21,075 | 11,467 | 32,542 | ||
| 10 | Alishan House | 64.82% | 5,472 | 134,654 | 61,037 | 205,593 | 39,630 | 17,586 | 57,216 |
Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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Scenic Tourist Hotels Type Total Ranking in 2015 Unit：%，NT$ 1000，Number of Room
| in | 015 | Unit：%，NT$ 1000，Number of Room | Unit：%，NT$ 1000，Number of Room | Unit：%，NT$ 1000，Number of Room | Unit：%，NT$ 1000，Number of Room | Unit：%，NT$ 1000，Number of Room | Unit：%，NT$ 1000，Number of Room | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ranking | Hotel Name | Occupancy Rate |
Average Room Rate |
Room Revenue |
F & B Revenue |
Total Revenue |
FIT | GROUP | Total | ||
| 1 | Howard Beach Resort Kenting |
74.87% | 3,608 | 451,574 | 148,149 | 649,069 | 163,182 | 165,267 | 328,449 | ||
| 2 | Chateau Beach Resort Kenting |
86.50% |
5,663 | 536,199 | 186,815 | 738,026 | 179,888 | 66,298 | 246,186 | ||
| 3 | Caesar Park Hotel Kenting |
89.39% | 5,560 | 509,801 | 167,047 | 716,505 | 176,647 | 56,283 | 232,930 | ||
| 4 | Hotel Royal Chiao-His |
77.50% | 7,112 | 388,250 | 272,933 | 759,768 | 104,715 | 37,372 | 142,087 | ||
| 5 | Fleur De Chine Hotel |
71.86% | 7,680 | 425,034 | 253,075 | 723,478 | 67,577 | 70,981 | 138,558 | ||
| 6 | Hotel Royal Chihpen Spa |
66.29% | 4,080 | 179,664 | 103,576 | 330,615 | 74,290 | 30,508 | 104,798 | ||
| 7 | Silks Place Hotel, Taroko |
62.80% | 6,613 | 242,548 | 89,851 | 374,625 | 54,795 | 24,550 | 79,345 | ||
| 8 | The Lalu Sun Moon Lake |
81.08% | 11,555 | 328,277 | 128,094 | 517,110 | 49,011 | 8,967 | 57,978 | ||
| 9 | Alishan House | 64.82% | 5,472 | 134,654 | 61,037 | 205,593 | 39,630 | 17,586 | 57,216 | ||
| 10 | Dragon Valley Hotel |
36.93% | 1,592 | 40,551 | 25,433 | 71,515 | 17,009 | 35,867 | 52,876 |
Source: “Tourism Yearly Statement” of Tourism Bureau, Ministry of Transportation Executive Information System
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| Statement of comprehensive income | Statement of comprehensive income | Statement of comprehensive income | Statement of comprehensive income | Statement of comprehensive income |
|---|---|---|---|---|
| Unit: NT$ thousand | ||||
| Accounting Title | 2015/4th | % | 2014/4th | % |
| Total operating revenue | 738,026 | 100 | 714,025 | 100 |
| Total operating costs | 315,725 | 42.78 | 297,387 | 41.65 |
| Gross profit (loss) from operations | 422,301 | 57.22 | 416,638 | 58.35 |
| Total operating expenses | 222,407 | 30.14 | 207,259 | 29.03 |
| Net other income (expenses) | (1,397) | (0.19) | (397) | (0.06) |
| Net operating income (loss) | 198,497 | 26.90 | 208,982 | 29.27 |
| Total non-operating income and expenses | 3,096 | 0.42 | 1,600 | 0.22 |
| Profit (loss) from continuing operations before tax |
201,593 | 27.32 | 210,582 | 29.49 |
| Total tax expense (income) | 39,027 | 5.29 | 38,438 | 5.38 |
| Profit (loss) | 162,566 | 22.03 | 172,144 | 24.11 |
| Totalbasic earnings pershare | 1.7 | 1.8 |
Source: The Taiwan Stock Exchange Inc. & Gre Tai Securities Market
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| Financial Statement ─ Balance Sheet | Financial Statement ─ Balance Sheet | Financial Statement ─ Balance Sheet | Financial Statement ─ Balance Sheet | Financial Statement ─ Balance Sheet |
|---|---|---|---|---|
| Unit: NT$ thousand | ||||
| Accounting Title | 2015/12/31 | % | 2014/12/31 | % |
| Balance Sheet | ||||
| Total current assets | 211,839 | 11.68 | 148,875 | 8.78 |
| Total non-current assets | 1,602,503 | 88.32 | 1,546,587 | 91.22 |
| Total assets | 1,814,342 | 100 | 1,695,462 | 100 |
| Total current liabilities | 209,091 | 11.52 | 203,340 | 11.99 |
| Total non-current liabilities | 10,420 | 0.57 | 11,215 | 0.66 |
| Total liabilities | 219,511 | 12.10 | 214,555 | 12.65 |
| Ordinary share | 954,460 | 52.61 | 892,019 | 52.61 |
| Total capital surplus | 170,663 | 9.41 | 170,663 | 10.07 |
| Total retained earnings | 478,091 | 26.35 | 421,566 | 24.86 |
| Total other equity interest | -8,383 | -0.46 | -3,341 | -0.20 |
| Total equity | 1,594,831 | 87.90 | 1,480,907 | 87.35 |
| Total liabilities and equity | 1,814,342 | 100 | 1,695,462 | 100 |
Source: The Taiwan Stock Exchange Inc. & Gre Tai Securities Market
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Performance-2016/01~2016/02
| Title | 2016/01- 2016/02 |
2015/01- 2015/02 |
YOY | Growth Rate (%) |
|---|---|---|---|---|
| No. of Available Rooms | 17,700 | 17,405 | 295 | 1.69% |
| No. of Rooms Occupied | 14,448 | 13,301 | 1,147 | 8.62% |
| Occupancy Rate | 81.63% | 76.42% | 5.21% | - |
| Average Room Rate(NT$) | 5,205 | 4,894 | 310 | 6.34% |
| Total operating revenue(NT$ 1,000) | 100,146 | 87,966 | 12,180 | 13.85% |
| Profit (loss) from continuing operations before tax(NT$1,000) |
17,782 | 10,594 | 7,188 | 67.85% |
Note: The above last two years were not audited by the certified public accountants.
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Company Profile Market profile
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Performance Prospect
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Prospect- Operations Plan
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1.Build Brand Value
To Enhance
Competitiveness
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2.Cultivate Deeply
To Integrate
Vertically
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CHATEAU
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4.Develop New
Stronghold to
Enrich Operational
Efficiency
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3. Diversified Strategies
To Meet with
Different Groups of
Customers’ Need
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ProspectPolicy Phase: Tourism Policy Promotion
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Continued implementation of the “Project Vanguard for Excellence in Tourism”
Implementation of the Code of Ethics for Taiwan Tourism in the domestic tourism industry, firm establishment of the pursuit of quality as a core tourism value, and rallying of the industry for the building of a quality, carefree, and friendly image for Taiwan tourism.
Deepening of the “Time for Taiwan” core promotional program； implementation of environmental education and promotion of biodiversity and environmental education activities.
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Operation Phase: Diversified Development to Upgrade Turnover
Explore Foreign Tourist Develop the markets in China, Japan, Southeast Asia, HK and Macau to visit Taiwan. Media Marketing Exposure in foreign market Explore Foreign Tourist
Explore Foreign Tourist
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Management Phase: Lean Management to Improve Profit
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Energy
Management
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Strength the
Quality of Supply
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Facilities Maintenance and
Performance Improvement
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Excellent Service Quality
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Expansion plans Tainan Chateau Commercial Hotel
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The location is situated near Anping District Tainan. Spend about NT $ 600 million to transform the old building as a business hotel. The new hotel has 104 suites, set at the average price between NT $ 5,000 ~ NT $ 8,000, provided attached 150-seat buffet-style restaurant, banquet hall, multi-purpose conference room. In the fourth quarter of 2016, “Chateau Commercial Hotel" will be opened.
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