TravelSky Technology Reports Strong 2024 Financial Performance

TravelSky Technology Class H ( (TSYHF) ) has released its Q4 earnings. Here is a breakdown of the information TravelSky Technology Class H presented to its investors.

TravelSky Technology Limited, a Chinese company specializing in aviation information technology services, provides comprehensive solutions for airlines, airports, and travel-related enterprises. The company operates in the civil aviation sector, offering services like electronic travel distribution and airport passenger processing.

TravelSky Technology reported a robust financial performance for the year ending December 31, 2024, with total revenue reaching approximately RMB8,823.0 million, marking a 26.3% increase from the previous year. The net profit attributable to shareholders rose by 48.3% to RMB2,074.3 million, and the company declared a final cash dividend of RMB0.239 per share.

Key highlights from the earnings report include a significant rise in revenue across various segments. Aviation information technology services grew by 12.2%, while accounting, settlement, and clearing services saw a 32.2% increase. Notably, system integration services experienced the most substantial growth at 89.9%, driven by the expansion of airport construction projects.

The company’s strategic focus on enhancing its core functions and competitiveness in aviation information technology has paid off, with substantial progress in areas like data processing and revenue management systems. The management’s outlook remains positive, with plans to continue leveraging opportunities in the growing civil aviation market.

Looking ahead, TravelSky Technology aims to maintain its growth trajectory by capitalizing on the recovery and expansion of China’s civil aviation industry, focusing on technological innovation and expanding its market presence both domestically and internationally.