Hong Kong China Travel Reports Turnaround, Ice-Snow Business Drives Growth
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong China Travel International (HKCT, stock code 0308) has reported a remarkable financial turnaround for the first half of 2026, swinging from a net loss to a net profit of HK$112 million as of June 30. The company also restored its interim dividend of 1 cent per share, following the strategic divestiture of its tourism real estate business and the successful integration of new acquisitions including the Songhua Lake company and China Travel Ice & Snow company .
Key Points
- HKCT reported net profit of HK$112 million for H1 2026 versus a loss of HK$86.85 million in H1 2025, with basic EPS of 2.02 cents
- Total comprehensive revenue reached HK$2.06 billion, representing a 12.6% year-on-year increase
- Tourism scenic area revenue surged 37% to HK$989 million, setting a historical record for the same period
- Theme park revenue declined 7% to HK$253 million due to intensified market competition and rainy weather
- General Manager Feng Gang noted that natural cultural scenic areas and leisure resorts performed exceptionally well
- The ice and snow business, though seasonal, is being stabilized through research tours, competitions, and sunrise/sunset viewing packages
- CFO Xie Dong confirmed that the spin-off listing of "Hong Kong-Macau Culture & Tourism" is progressing orderly
Why It Matters
The strategic transformation of HKCT, shifting away from tourism real estate toward core scenic operations and emerging ice-snow tourism, positions the company for sustainable growth amid evolving travel patterns. The successful turnaround signals the company's ability to capitalize on China's domestic tourism boom while the pending spin-off of Hong Kong-Macau operations could unlock shareholder value and attract focused investor interest in both entities .
The strategic transformation of HKCT, shifting away from tourism real estate toward core scenic operations and emerging ice-snow tourism, positions the company for sustainable growth amid evolving travel patterns. The successful turnaround signals the company's ability to capitalize on China's domestic tourism boom while the pending spin-off of Hong Kong-Macau operations could unlock shareholder value and attract focused investor interest in both entities .