Tongcheng Travel H1 Profit Attributable to Shareholders RMB1.411 billion; Adjusted Net Profit RMB1.792 billion

Tongcheng Travel Holdings Limited released its unaudited consolidated results for the three and six months ended June 30, 2026, on August 24. In the second quarter of 2026, the company generated operating revenue of RMB4.987 billion, up 6.8% year on year. Adjusted net profit amounted to RMB851 million, a year-on-year increase of 9.8%, with an adjusted net profit margin of 17.1%. Profit attributable to shareholders for the second quarter was RMB632 million, down 1.54% year on year. Adjusted EBITDA reached RMB1.272 billion, up 7.3% year on year. Affected by market conditions, average monthly paying users in the second quarter were 43.7 million, down 5.8% year on year.

For the first half of 2026, Tongcheng Travel achieved total revenue of RMB9.993 billion, up 10.5% year on year. Adjusted net profit was RMB1.792 billion, up 14.6% year on year. Profit attributable to shareholders was RMB1.411 billion, up 7.67% year on year. Adjusted EBITDA was RMB2.661 billion, up 13.48% year on year. Average monthly paying users in the first half were 45.1 million, down 3% year on year. Annual paying users over the past 12 months were 253.9 million, up 0.9% year on year, and cumulative service trips over 12 months were 2.0443 billion, up 2.7% year on year.

By business segment, second-quarter accommodation reservation revenue was RMB1.481 billion, up 8% year on year, driven by simultaneous increases in average daily room rates and hotel room nights, with a higher proportion of premium hotel room nights on the platform. Affected by rising fuel surcharges and high airfares suppressing long-haul travel demand, transport ticketing revenue was RMB1.838 billion, down 2.3% year on year, while international air ticketing maintained growth. Other business revenue was RMB1.025 billion, up 35.7% year on year, mainly driven by the hotel management business. Vacation business revenue was RMB643 million, down 2.9% year on year, as outbound group tour demand weakened amid geopolitical uncertainty and higher airfares.

As of June 30, 2026, the company operated over 3,500 hotels, with more than 2,000 hotels in preparation. In the first half, other revenue, including the hotel management business, grew 46.3% year on year to RMB1.99 billion. On user operations, more than 87% of registered users came from non-first-tier cities in China, with the WeChat ecosystem serving as a key traffic channel. Daily active users of the company's own app reached a record high during the May Day holiday. On the product supply side, the platform offers about 440,000 air routes, over 4 million hotels and non-standard accommodation options, and extensive bus and ferry routes as well as tourist attraction ticketing resources.

On technology, the company continues to invest in AI. As one of the first online travel platforms to integrate with the WeChat AI assistant, it participates in the WeChat AI ecosystem. It has iterated its proprietary AI itinerary planning agent DeepTrip and extended AI applications to customer service scenarios such as claims tracking. On international business, consumer users of its international travel platform HopeGoo in the second quarter of 2026 grew 102% compared with the same period in 2025, while inbound tourism consumption orders expanded 157% year on year.

On cash flow, as of June 30, 2026, the company held cash and cash equivalents of RMB6.782 billion. Net cash inflow from operating activities in the first half was RMB2.634 billion, and the gearing ratio was approximately 23.7%. As of the reporting period end, the company had 10,773 full-time employees. The announcement also disclosed that the subsequent general cash offer for Dida Chuxing had been completed, with valid acceptances received for approximately 88.74% of shares.