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Lydia Lin

Vice President and Senior Equity Analyst at Citi

Lydia Lin is a Vice President and Senior Equity Analyst at Citi, specializing in Asian technology, internet, and media sectors with a focus on companies such as Alibaba, Tencent, Baidu, and Meituan. She has established a strong performance record by consistently ranking among the top analysts on regional research platforms, maintaining a high accuracy rate in her investment calls and delivering above-benchmark returns for investors. Lydia began her analyst career at Citi in 2015, having previously worked at Morgan Stanley and UBS in regional equity research roles, and rapidly advanced due to her incisive coverage and analytical insight. She holds FINRA Series 7, 63, and 86/87 licenses, and has been recognized for her excellence in equity research by both industry and institutional clients.

Lydia Lin's questions to H World Group (HTHT) leadership

Question · Q3 2025

Lydia Lin of Citi inquired about H World's plans for its newly launched upper-midscale brand, Ji Icons, including store opening targets, unit economics (CapEx, payback period), competitive advantages, and initial franchisee feedback.

Answer

Jin Hui (CEO) and Jason Chen (Senior Vice President of Supply Chain) highlighted Ji Icons as a core brand reflecting oriental aesthetics and cultural confidence, aiming to be a leader in China's upper-midscale segment. They stated that specific commercial details, including unit economics and opening plans, would be shared after the first Ji Icons hotel officially opens.

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Question · Q3 2025

Lydia Lin asked for details on H World's newly launched upper-midscale brand, Ji Icons, including its store opening plan, store economics (CapEx, payback period), competitive advantages against other leading brands, and initial franchisee feedback.

Answer

Jin Hui (CEO, H World Group) and Jason Chen (Senior Vice President of Supply Chain, H World Group) stated that Ji Icons demonstrates H World's commitment to leading the upper-midscale market, aligning with Chinese cultural confidence and oriental aesthetics. They emphasized its potential as a core brand but deferred sharing specific store economics (CapEx, payback period) until after the first hotel opens.

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Fintool

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