Tongcheng Travel Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Tongcheng Travel Holdings (HKG:780) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥11.9b (up 81% from FY 2022).
• Net income: CN¥1.55b (up from CN¥146.0m loss in FY 2022).
• Profit margin: 13% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: CN¥0.69 (up from CN¥0.066 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tongcheng Travel Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Tongcheng Travel Holdings you should know about.

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