【780 Results】Tongcheng Travel's Net Profit Rose 20% Year-over-Year to RMB 2.37 Billion, Declares Final Dividend of HK$0.25

SocialAnxietyStaker · 2026-03-24T09:54:04+00:00

Tongcheng Travel announced annual results with profit attributable to equity holders reaching 2.37 billion yuan last year, up 20.1%. Adjusted net profit was 3.4 billion yuan, up 22.2%, with revenue of 19.4 billion yuan, up 11.9%. Core online travel revenue primarily came from accommodation bookings and transportation ticketing services, both growing over 9%. Vacation business revenue declined 6.9% due to strategic downsizing and softening demand.

SocialAnxietyStaker

2026-03-24 09:54:04

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Tongcheng Travel (00780)
Announces annual results. Last year, the company’s profit attributable to shareholders was RMB 2.37 billion, up 20.1% year-on-year. Adjusted net profit was RMB 3.4 billion, up 22.2%. Adjusted EBITDA increased by 26.9% to RMB 5.14 billion, with a final dividend of HKD 0.25 per share.

Tongcheng Travel’s revenue grew 11.9% year-on-year to RMB 19.4 billion. The average monthly paying users increased by 5.6% to 45.5 million. The core online travel platform’s revenue mainly came from accommodation booking services and transportation ticketing services, rising 16% to RMB 16.47 billion. Revenue from accommodation booking services increased 16.8% to RMB 5.45 billion due to increased demand. Transportation ticketing service revenue grew 9.6% to RMB 7.93 billion, driven by higher demand and the continuous enrichment of value-added products and services.

As for vacation revenue, it decreased 6.9% to RMB 2.92 billion, due to strategic reduction of buyout businesses to lower operational risks. Additionally, weakened travel demand in Southeast Asia and Japan also negatively impacted the vacation business.

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