CHINA TRAVEL HK (00308) recorded a revenue of 1.1 billion Hong Kong dollars in the first quarter, a year-on-year increase of 13%.

CHINA TRAVEL HK (00308) announces that the group achieved revenue of 1.1 billion Hong Kong dollars for the three months ending March 31, 2026, representing a 13% increase from the first quarter of 2025. The group also achieved adjusted net profit of 130 million Hong Kong dollars in the first quarter, excluding fair value changes in investment properties, representing a 101% increase from the first quarter of 2025. After excluding the tourism real estate business that is no longer included in the group's consolidated financial statements for the current year, the group's first-quarter revenue increased by 23% compared to the same period in 2025. In the first quarter of 2026, the total number of visitors to tourism attractions and related businesses was approximately 6.15 million, a 19% increase from the first quarter of 2025. The growth in first-quarter revenue was mainly due to (i) the acquisition of Jilin Songhua Lake International Resort Development Co., Ltd. and China Travel (Beijing) Ice and Snow Sports Development Co., Ltd. completed on October 27, 2025, bringing new revenue growth opportunities to the group; and (ii) an increase in visitor numbers at other projects leading to an increase in revenue. The growth in first-quarter profit was mainly due to the group's physical distribution on December 22, 2025, splitting off the tourism real estate business from the group, and the financial performance of the tourism real estate business has been separated from the group's comprehensive financial statements since the date of physical distribution, allowing the group to divest from continuously loss-making entities. Additionally, the revenue from the group's tourism attractions and related businesses increased.