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ATAT on Nasdaq

Atour Lifestyle Holdings Ltd

Atour Lifestyle Holdings Ltd is a hotels and motels company in the Cayman Islands, listed on Nasdaq (ATAT).1

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Last updated Oct 21, 2026.

Overview

$1.4BRevenue, fiscal 20252
$231.8MNet income, fiscal 20252

Compare with Wyndham Hotels & Resorts, Choice Hotels or Sands China, or pick any stock.

  • TickerATAT on Nasdaq1
  • IndustryHotels & Motels1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address1St Floor, Wuzhong Building, 618 Wuzhong Road, Minhang District, Shanghai3
  • Filer categoryLarge accelerated filer3

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Atour Shanghai was established in 2013. We currently conduct all of our businesses through our indirectly wholly-owned subsidiaries in China.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.6%Operating margin2
16.6%Net margin2
41.0%Revenue growth, 20252
45.1%Return on equity2
0.00×Debt to equity2
$272.7MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Manachised Hotels brought in 54% of the revenue Atour Lifestyle Holdings Ltd broke down this way in fiscal 2025.

  1. Manachised Hotels5.3B CNY254%up 28% from 2024
  2. Retail Revenues3.7B CNY237%up 67% from 2024
  3. Room Revenues550.5M CNY26%down 16% from 2024
  4. Other Revenues220.0M CNY22%up 11% from 2024
  5. Food And Beverage Revenues35.2M CNY20%down 20% from 2024
  6. Other Leased Hotel Revenues4.7M CNY20%down 11% from 2024
Products and services by year
Products and services202320242025
Manachised Hotels2.7B CNY4.1B CNY5.3B CNY
Retail Revenues971.9M CNY2.2B CNY3.7B CNY
Room Revenues782.6M CNY652.9M CNY550.5M CNY
Other Revenues148.4M CNY199.0M CNY220.0M CNY
Food And Beverage Revenues51.6M CNY43.8M CNY35.2M CNY
Other Leased Hotel Revenues5.8M CNY5.3M CNY4.7M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development2¢$25.4M
  • Other costs74¢$1.0B
  • Income tax8¢$106.1M
  • Profit17¢$231.8M

Out of $1.4B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$12.3M
  • Dividends paid39¢$110.4M
  • Share buybacks17¢$47.2M
  • Kept or used elsewhere40¢$115.1M

Out of $285.0M of cash from operations.2

Financial statements

Revenue5672$1.4B in 2025−11% since 2020
0$1.0B$2.0B$3.0B2020: $1.6B$1.6B20202021: $2.1B$2.1B2021+37%2022: $328.1M$328.1M2022−85%2023: $657.2M$657.2M2023+100%2024: $993.0M$993.0M2024+51%2025: $1.4B$1.4B2025+41%
Operating income5672$329.9M in 2025+1279% since 2022
0$100.0M$200.0M$300.0M$400.0M2022: $23.9M$23.9M20222023: $130.1M$130.1M2023+444%2024: $222.3M$222.3M2024+71%2025: $329.9M$329.9M2025+48%
Net income5672$231.8M in 2025+1530% since 2022
0$100.0M$200.0M$300.0M2022: $14.2M$14.2M20222023: $103.8M$103.8M2023+630%2024: $174.7M$174.7M2024+68%2025: $231.8M$231.8M2025+33%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Net revenues9.8B CNY7.2B CNY4.7B CNY
Selling and marketing expenses-1.5B CNY-972.9M CNY-469.6M CNY
General and administrative expenses-516.7M CNY-352.6M CNY-451.5M CNY
Technology and development expenses-177.9M CNY-134.0M CNY-77.3M CNY
Total operating costs and expenses-7.7B CNY-5.7B CNY-3.8B CNY
Other operating income, net184.1M CNY70.2M CNY83.2M CNY
Income from operations2.3B CNY1.6B CNY924.0M CNY
Interest income72.2M CNY48.4M CNY29.6M CNY
Gain from short-term investments44.9M CNY48.9M CNY34.5M CNY
Interest expense-4.2M CNY-3.1M CNY-5.0M CNY
Other (expenses) income, net-56.6M CNY2.5M CNY-1.0M CNY
Income before income tax2.4B CNY1.7B CNY982.1M CNY
Income tax expense-741.6M CNY-446.0M CNY-243.0M CNY
Net income1.6B CNY1.3B CNY739.1M CNY
Less: net income (loss) attributable to non-controlling interests270.0K CNY-2.4M CNY1.9M CNY
Net income attributable to the Company1.6B CNY1.3B CNY737.1M CNY
Foreign currency translation adjustments, net of nil income taxes-35.7M CNY-3.4M CNY15.6M CNY
Other comprehensive income (loss), net of income taxes-35.7M CNY-3.4M CNY15.6M CNY
Total comprehensive income1.6B CNY1.3B CNY754.7M CNY
Comprehensive income (loss) attributable to non-controlling interests270.0K CNY-2.4M CNY1.9M CNY
Comprehensive income attributable to the Company1.6B CNY1.3B CNY752.8M CNY
Net income per ordinary share - Basic (in RMB or USD per share)3.90 CNY3.08 CNY1.82 CNY
Net income per ordinary share - Diluted (in RMB or USD per share)3.87 CNY3.06 CNY1.78 CNY
Weighted average ordinary shares used in calculating net income per ordinary share - Basic (in shares)415.6M shares413.7M shares405.6M shares
Weighted average ordinary shares used in calculating net income per ordinary share - Diluted (in shares)419.3M shares417.2M shares414.8M shares
Foreign currency translation adjustments, income taxes0 CNY0 CNY0 CNY

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Corporate structure

Atour Lifestyle Holdings Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Atour Lifestyle Holdings Ltd

  • M&G Plc Filed SCHEDULE 13G on Atour Lifestyle Holdings Ltd, latest Oct 15, 2026
  • OceanLink Partners Fund, LP Filed SCHEDULE 13G/A on Atour Lifestyle Holdings Ltd, latest Aug 14, 2026 (3 filings since Jul 24, 2025)
  • NORGES BANK Filed SCHEDULE 13G/A on Atour Lifestyle Holdings Ltd, latest Aug 12, 2026 (3 filings since Jan 27, 2026)
  • First Beijing Investment Ltd Filed SCHEDULE 13G/A on Atour Lifestyle Holdings Ltd, latest May 13, 2026 (4 filings since Apr 21, 2025)
  • OLP CAPITAL MANAGEMENT Ltd Filed SCHEDULE 13G on Atour Lifestyle Holdings Ltd, latest Nov 13, 2025 (2 filings since Feb 14, 2025)
  • Haijun Wang Filed SCHEDULE 13G/A on Atour Lifestyle Holdings Ltd, latest Jun 25, 2025 (4 filings since Feb 14, 2023)
  • Diviner Ltd Filed SCHEDULE 13G/A on Atour Lifestyle Holdings Ltd, latest May 12, 2025 (4 filings since Feb 13, 2023)
  • Beijing Junqi Jiarui Business Management Ltd Filed SC 13G/A on Atour Lifestyle Holdings Ltd, latest Nov 1, 2024 (3 filings since Feb 13, 2023)
  • Aspex Management (HK) Ltd Filed SC 13G on Atour Lifestyle Holdings Ltd, latest Jun 20, 2024
  • GLV Holding Ltd Filed SC 13G/A on Atour Lifestyle Holdings Ltd, latest Feb 7, 2024 (2 filings since Feb 10, 2023)
  • Engine Holdings Ltd Filed SC 13G/A on Atour Lifestyle Holdings Ltd, latest Feb 6, 2024 (2 filings since Feb 13, 2023)
  • Trip.com Group Filed SC 13G on Atour Lifestyle Holdings Ltd, latest Feb 13, 2023
  • Atour Lifestyle Holdings Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Atour Lifestyle Holdings Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation661.5M CNY2 Dec 31, 2025717.5M CNY2 Dec 31, 2024−7.8%
Accumulated depreciation435.9M CNY2 Dec 31, 2025503.8M CNY2 Dec 31, 2024−13.5%
Property and equipment, net$32.3M2 Dec 31, 2025$29.3M7 Dec 31, 2024+10.2%
Operating-lease assets (leased space)$158.5M2 Dec 31, 2025$205.9M7 Dec 31, 2024−23.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$472.5M2 Dec 31, 2025$495.7M7 Dec 31, 2024−4.7%
Marketable securities, current$366.5M2 Dec 31, 2025$173.4M7 Dec 31, 2024+111.3%
Deposits held (banks)110.3M CNY2 Dec 31, 202591.6M CNY2 Dec 31, 2024+20.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.5M2 Dec 31, 2025$2.4M7 Dec 31, 2024+4.4%
Intangible assets, net (excluding goodwill)$674.0K2 Dec 31, 2025$873.0K7 Dec 31, 2024−22.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$39.9M2 Dec 31, 2025$22.9M7 Dec 31, 2024+73.8%

Leadership

Who has led Atour Lifestyle Holdings Ltd, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Shoudong Wang2026–now
Board members and other officers (3)

Calendar

Coming up

  1. Nov 24, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.48 a share, on Nov 25, 2025.11

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

142 filings to the SEC since October 2021: 4 annual reports, 10 insider forms, 30 large holders, 98 other. The latest 20:

  1. Oct 15, 2026SCHEDULE 13G EDGAR
  2. Sep 4, 20264 EDGAR
  3. Aug 20, 20266-K EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 12, 2026SCHEDULE 13G/A EDGAR
  6. Aug 6, 20266-K EDGAR
  7. Jul 16, 20264 EDGAR
  8. Jul 16, 20264 EDGAR
  9. Jul 16, 20264 EDGAR
  10. Jul 16, 20264 EDGAR
  11. May 13, 2026SCHEDULE 13G/A EDGAR
  12. May 13, 20266-K EDGAR
  13. May 11, 2026SCHEDULE 13G/A EDGAR
  14. Apr 30, 20266-K EDGAR
  15. Apr 29, 20266-K EDGAR
  16. Apr 17, 20266-K EDGAR
  17. Apr 17, 202620-F EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 142 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
OLP CAPITAL MANAGEMENT Ltd7,714,695$245.3M61.3%−8,503,379
M&g PLC4,567,124$146.1M0.8%+1,756,466
Schroder Investment Management Group4,456,326$144.0M0.1%+994,898
Jpmorgan Chase & Co4,088,869$132.2M0.0%−98,428
Norges Bank4,029,737$128.1M0.0%New
Fmr LLC3,765,242$119.7M0.0%−1,115,119
Mitsubishi UFJ Trust & Banking Corp2,818,973$89.6M0.2%+557,996
Vanguard Capital Management LLC2,302,456$73.2M0.0%+29,054
BlackRock, Inc.2,059,908$65.5M0.0%+92,563
Renaissance Technologies LLC1,883,024$59.9M0.1%−271,444
Capital World Investors1,820,533$57.9M0.0%New
Greenwoods Asset Management Hong Kong Ltd.1,788,400$56.9M2.6%−802,736
Man Group plc1,572,931$50.0M0.1%+350,049
Lazard Asset Management LLC1,419,824$45.2M0.1%+985,216
Jupiter Asset Management Ltd1,289,400$41.0M0.2%+1,231,557
Millennium Management LLC1,164,514$37.0M0.0%−222,992
Green Court Capital Management Ltd1,077,517$34.3M29.3%+871,687
Temasek Holdings (Private) Ltd1,076,555$34.2M0.1%+998,311
BRIGHT VALLEY CAPITAL Ltd1,017,508$32.4M9.3%New
Ameriprise Financial Inc1,002,701$31.9M0.0%−17,006
Balyasny Asset Management L.P.999,312$31.8M0.1%+377,804
Qube Research & Technologies Ltd995,317$31.7M0.0%+104,091
Morgan Stanley849,222$27.0M0.0%+175,583
Prudential PLC845,627$26.9M0.1%+130,290
Aberdeen Group plc833,325$26.5M0.0%+72,577

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Atour Lifestyle Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAtour Lifestyle Holdings Ltd1
  • CIK0001853717
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7011 Hotels & Motels1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address1St Floor, Wuzhong Building, 618 Wuzhong Road, Minhang District, Shanghai, China1
  • Phone(86) 021-640599281
  • Shares outstanding412,380,886 shares; 338,699,969 Common Class A shares; 73,680,917 Common Class B shares as of Dec 31, 20254
  • AuditorKPMG Huazhen LLP, Shanghai, China PCAOB ID 1186; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceApr 8, 20211
  • Filings163 in all: 6-K (44), CORRESP (15), 144 (14), UPLOAD (14), SCHEDULE 13G/A (10), F-1/A (9), SC 13G (7), SC 13G/A (7)1
    All 26 form types

    SCHEDULE 13G (6), 3 (5), 4 (5), 20-F (4), 424B5 (4), DRSLTR (3), 424B4 (2), DRS (2), EFFECT (2), F-1 (2), 144/A (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS/A (1), F-1MEF (1), F-3ASR (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Apr 17, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each ADS represents three Class A ordinary shares, par value US$0.0001 per shareATATNasdaq
Class A ordinary shares, par value US$0.0001 per share*Nasdaq

From the cover page of the 20-F filed Apr 17, 2026 (Section 12(b) of the Exchange Act).4

Sources

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