Tongcheng Travel Holdings Reports First Quarter 2024 Earnings

Tongcheng Travel Holdings (HKG:780) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.87b (up 50% from 1Q 2023).
• Net income: CN¥396.6m (up 5.0% from 1Q 2023).
• Profit margin: 10% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses.

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

Tongcheng Travel Holdings Earnings Insights

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 down 16% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Tongcheng Travel Holdings that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.