Movement Alert|TONGCHENGTRAVEL Falls 5.34% in Regular Trading, Q2 Attributable Profit Declines as Revenue Growth Slows

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On August 25, TONGCHENGTRAVEL fell 5.34% in regular trading, trading at HK$12.37/share, with turnover of HK$73.99 million.

On the news front, the company released its interim results on August 24, revealing Q2 attributable net profit of RMB 632 million, down 1.5% year-over-year, while quarterly revenue of approximately RMB 4.99 billion grew 6.8% YoY — a notable deceleration from the 14.36% growth recorded in Q1. Although H1 adjusted net profit reached RMB 1.792 billion with 14.6% YoY growth, the GAAP profit decline in Q2 reflects mounting cost-side pressure. Additionally, the company completed its mandatory cash offer for Dida Chuxing on August 21, acquiring an 88.74% stake for approximately HK$1.424 billion. Dida will maintain independent operations while the two platforms explore synergies connecting long-haul travel with last-mile ride services.

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