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MARKETS / NASDAQ / ATAT
NASDAQ · HOTELS & MOTELS · LARGE CAP

Atour Lifestyle Holdings Ltd. ATAT

6 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 9.8B
▲ 35.1% YoY
CNY 1.6B
▲ 27.1% YoY
CNY 1.9B
▲ 14.2% YoY
In brief

What this company does

Atour Lifestyle Holdings Limited operates both hospitality and retail businesses in China. As of December 31, 2025, it had 1,996 manachised hotels and 19 leased hotels, with a total of 224,423 hotel rooms. Revenue generated from its retail business was RMB3,671.0 million in 2025. It mainly uses a "manachise model" to expand its hotel network in a less capital-intensive manner. Its hotel brand portfolio includes the upper midscale Atour, Atour Origin and Atour X brands, the midscale Atour Light brand, and the upscale and luxury Atour S, SAVHE and A.T. House brands. The first Atour Hotel debuted in Xi'an in 2013, and the brand spanned 224 cities across China as of December 31, 2025.

Written from the business description in Atour Lifestyle Holdings Ltd's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 9.8B
Revenue, FY2025 · full 6-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 9.8 · Net income 1.6
4B8B202020212022202320242025
Compound annual growth
+62.9%
+44.3%
+154.7%
+107.6%
+146.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +44.3% a year over five years — but profit grew faster: net income at +107.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.6% · Net 16.6%
10%20%202020212022202320242025
ROE
FY2025 · ROE 49.5%
20%40%202020212022202320242025

Each CNY of equity produced 49 cents of profit this year.

Cash & shareholders
CNY 1.1B
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 1.9
0.8B1.6B202020212022202320242025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends 772.0 · Net buybacks 311.0
400M800MDividendsNet buybacks2021202320242025

CNY 772.0M in dividends and CNY 311.0M in buybacks — 67% of the year's profit went back to shareholders.

Total assetsCNY 9.2B
EquityCNY 3.6B
CashCNY 3.3B
Gross debtCNY 252.0M
Net debtCNY -3.1B
DepositsCNY 110.3M

The company holds more cash than debt.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue CNY B9.87.24.72.32.11.6
Operating income CNY B2.31.60.90.20.20.1
EBITDA CNY B2.41.71.00.30.30.1
Income tax CNY B0.70.40.20.10.10.0
Net income CNY B1.61.30.70.10.10.0
Free cash flow CNY B1.91.71.90.20.40.0
EPS, diluted CNY 3.873.061.780.260.40−0.06
Dividend / sh CNY ······
Payout %483420·14·
ROE %49.550.845.111.025.0·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 22 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 54 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHotels & Motels
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2020

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