Huatian Hotel Group Co.,Ltd.
000428.SZ · SHZ
Company research
Huatian Hotel Group Co., Ltd. (000428.SZ) is a China-based hospitality company founded in 1988 and headquartered in Changsha, Hunan Province, listed on the Shenzhen Stock Exchange since 1996. The company operates and manages a portfolio of approximately 40 hotels across China under several brand names, including Huatian Grand Hotel, Huatian International Hotel, Huatian Holiday Hotel, and Huatian Choice Hotel, offering accommodations, dining, and entertainment services. Beyond its core hotel operations, the company is also engaged in lifestyle and ancillary services such as laundry, housekeeping, property management, group catering, and materials trading, adopting a light-asset operating model while revitalizing its heavy-asset portfolio. Controlled by Hunan Yangguang Huatian Tourism Development Group Co., Ltd., Huatian Hotel Group has earned recognition among the "Top 20 Chinese Hotel Groups" and "Global Top 300 Hotel Companies," with a market capitalization of approximately CNY 3.17 billion and around 2,683 full-time employees.
Research reports
This structured fundamentals report characterizes Huatian Hotel Group as having an “imperfect balance sheet with weak fundamentals,” highlighting trailing losses of about CNY 209m, thin gross margins near 8–9%, and a debt-to-equity ratio above 300%, despite revenue of roughly CNY 529m over the last twelve months. It notes that the share price has risen around 13% over the past year, outperforming the domestic hospitality industry but still lagging the broader Chinese market, and frames the stock as high-risk with limited growth visibility rather than issuing a clear bullish or bearish recommendation.
Martini.ai · November 2, 2025Huatian Hotel Group Co., Ltd. - martini.ai ResearchMartini.ai’s credit-risk report assigns Huatian Hotel Group a B3–B4 grade with a one-year default probability around 0.38–0.43%, citing sustained net losses, a very weak current ratio near 0.29, declining enterprise value relative to historical norms, and likely high leverage as key drivers of elevated credit risk. While it notes recent spread tightening of roughly -0.33 percentage points that modestly improves market sentiment versus peers, the narrative emphasizes liquidity constraints, sector headwinds and macro sensitivity (especially to equity market performance and inflation), resulting in a decidedly cautious, downside-skewed view of the company’s credit and equity risk profile.