Home Inns & Hotels Management Inc. ( HMIN)

Q1 2011 Earnings Call

May 9, 2011 9:00 PM ET


Ethan Ruan – IR Manager

David Sun – CEO

Huiping Yan – CFO

May Wu – Chief Strategy Officer


Chris Woronka – Deutsche Bank

Allen Gee – Oppenheimer

Lin He – Morgan Stanley

Justin Kwok – Goldman Sachs

Adam Krejcik – ROTH Capital Partners

Fawne Jiang – Brean Murray

Noah Hudson – Guotai Junan

Hairong Zhang – Miller Tabak



Hello and thank you for standing by for Home Inns 2011 first quarter earnings conference call. At this time all participants are in a listen-only mode. (Operator Instructions) I would now like to turn the call over to your host for today’s conference, Ethan Ruan, Home Inns’ Investor Relations Manager. You may proceed sir.

Ethan Ruan

Hello everyone, and welcome to our earnings conference call. Our first quarter earnings results were released earlier and are available on the company’s website. With us today is David Sun, our Chief Executive Officer; Huiping Yan, our Chief Financial Officer who will be further discussing our performance for the past quarter, and May Wu, our Chief Strategy Officer and Chief Executive Officer of Yitel brands. After their prepared remarks, David, Huiping and May will be available to answer your questions.

Before we continue, please note that the discussion today will include forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties as such our results may be materially different from the views expressed as of today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. Home Inns’ does not undertake any obligation to update any forward-looking statements except as required under applicable law.

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