Tongcheng Travel Holdings Limited ( (HK:0780) ) has issued an announcement.
Tongcheng Travel Holdings Limited reported a significant financial growth for the year ended December 31, 2024, with a 34.8% increase in revenue to RMB4,237.6 million in the fourth quarter compared to the same period in 2023. The company’s adjusted EBITDA and net profit also saw substantial increases of 39.4% and 36.8%, respectively, indicating strong operational performance. The company has updated its segment reporting structure to better align with its business strategies and resource allocation, reflecting its focus on core OTA and tourism services.
More about Tongcheng Travel Holdings Limited
Tongcheng Travel Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the online travel agency (OTA) industry. The company focuses on providing accommodation reservation, transportation ticketing, and tourism services, including offline travel agency-related services and the operation of scenic parks.
YTD Price Performance: 6.48%
Average Trading Volume: 10,549,558
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$45.34B
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