1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Travel Services
Tongcheng Travel Holdings Limited

Tongcheng Travel Holdings Limited

0780.HK
Tongcheng Travel Holdings LimitedHK flagHong Kong Stock Exchange
12.56
HKD
+0.05
- -
29.57BMarket Cap
Tongcheng Travel Holdings Limited
0780.HK
(Hong Kong Stock Exchange)

Recent

price

12.56

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.5
1.07
1.23
3.32
3.59
2.78
3.42
2.96
5.3
7.64
- -
5.73
Revenue per Share
-0.45
-1.04
0.1
0.33
0.33
0.15
0.33
-0.07
0.69
0.87
- -
0.72
Basic EPS, GAAP
-0.4
-0.23
0.16
1.28
0.68
-0.01
0.69
-0.1
1.35
1.13
- -
1.16
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.14
- -
- -
Dividend per Share
-0.8
-1.84
-1.74
-1.93
-1.15
-0.95
-0.6
-0.66
0.04
0.78
- -
- -
Book Value per Share
0.41
-2.86
-2.75
2.24
2.56
2.95
3.05
3.33
3.92
4.29
- -
- -
Tangible Book Value per Share
2,055
2,055
2,055
1,584
2,059
2,137
2,202
2,222
2,246
2,269
- -
2,317
Basic Weighted Avg Shares
1,026
2,205
2,519
5,256
7,393
5,933
7,538
6,585
11,896
17,341
19,396
13,284
Sales/Revenue/Turnover
-101.33
-95.94
0.63
-7.79
11
7.2
10.46
0.16
15.54
13.74
17.36
15.63
Operating Margin (%)
73
77
84
456
581
602
670
840
911
1,083
1,299
- -
Depreciation Expense
-916
-2,139
196
530
688
328
723
-146
1,554
1,974
2,371
1,662
Net Income, GAAP
- -
- -
- -
11.14
22.12
18.12
18.44
- -
15.54
17.08
20.25
17.92
Effective Tax Rate (%)
-89.29
-97.04
7.77
10.08
9.31
5.52
9.6
-2.22
13.06
11.39
12.23
12.51
Profit Margin (%)
598
289
266
2,963
4,086
4,596
2,662
4,267
3,013
6,643
5,528
- -
Working Capital
- -
- -
172
153
151
319
276
1,946
431
3,475
1,835
- -
LT Debt
1,048
-5,532
-5,332
11,528
13,152
14,017
15,259
15,990
18,546
20,962
23,573
- -
Total Equity
- -
- -
- -
-10.88
5.02
2.52
4.31
- -
7.8
8.27
9.69
13.73
Return on Invested Capital (%)
- -
- -
- -
-16.75
-27.94
-18.25
-57.9
- -
64.43
36.23
28.36
54.55
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
212.93
86.13
235.9
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
1,413
1,681
- -
LT Borrowings
2,770
2,687
- -
LT Finance Leases
797
941
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,329
2,341
- -
Market Capitalization
45,233
41,413
48,752

Working Capital

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
18,972
21,653
- -
Cash, Cash Equivalents & STI
10,929
13,435
- -
Accounts Receivable, Net
1,889
2,144
- -
Inventories
8
11
- -
Total Current Liabilities
11,630
13,670
- -
Payables & Accruals
- -
- -
- -
ST Debt
1,413
1,681
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-87.17%
11.02%
12.46%
Free Cash Flow
-640.5%
-1,315.14%
46.67%
Net Income, GAAP
-94.39%
-223.33%
20.1%
Sales/Revenue/Turnover
41.14%
30.54%
11.85%
Total Cash Common Dividend
- -
- -
21.65%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,866
4,245
4,991
4,238
17,341
2025
4,377
4,669
- -
- -
19,396
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.19
0.34
0.15
0.87
2025
0.29
0.28
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Tongcheng Travel Holdings Limited Tongcheng Travel Holdings Limited (0780.HK), an investment holding company incorporated in the Cayman Islands in 1999 and headquartered in Suzhou, China, operates as a leading one-stop online travel platform primarily serving the mass market in the People's Republic of China. The company provides core online travel agency services through its platforms, mobile apps, and websites, including accommodation reservation for approximately 4.0 million hotel and alternative lodging options; transportation ticketing encompassing around 450,000 air routes from over 760 airlines, 170,000 bus routes, 800 ferry routes, and high-speed train bookings via its Huixing algorithm system; tourist attraction tickets for over 10,000 sites; packaged tours; and various ancillary value-added services such as tourism insurance, online advertising, hotel management under an asset-light model, property management systems, offline travel agency operations, and scenic spot management. It targets diverse users, with over 87% of registered users from non-first-tier cities and strong engagement via Weixin ecosystem integration, proprietary apps, and loyalty programs like Black Whale membership offering exclusive benefits including VIP lounges and reciprocal hotel perks. In recent developments, Tongcheng Travel completed the acquisition of Wanda Hotel Management on October 16, 2025, adding 239 hotels and upscale brands to expand its asset-light hotel operations beyond 3,000 properties with 1,500 in pipeline, enhancing brand diversity and profitability in mid-to-high-end hotel management, design, and consultancy. The company also acquired control of Dalian Shengya in July 2025 for approximately 960 million yuan, bolstering its scenic spot operations amid industry consolidation. Additional strategic moves include a partnership with China United Airlines for joint marketing and technology-driven customer service, collaboration with Wuhan Tianhe International Airport leveraging big data for flight optimization, and the launch of AI agent DeepTrip powered by its Chengxin large language model in March 2025 to enable seamless itinerary planning and bookings.