Tongcheng Travel Holdings Ltd (OTCPK:TNGCF)

Q3 2025 Tongcheng Travel Holdings Ltd Earnings Call Transcript

Nov 25, 2025 / 11:30 AM GMT

Release Date Price: $2.8

Transcript

Key Points

Positve

Tongcheng Travel Holdings Ltd (TNGCF) achieved a historic high in annual paying users, surpassing 250 million in the third quarter.
The company reported a net revenue of RMB5.5 billion, marking a 10.4% year-over-year increase.
The acquisition of Wanda Hotel Management Company is expected to accelerate growth in the hotel management business.
The company's international air ticketing business accounted for around 6% of total transportation ticketing revenue, showing significant growth.
Tongcheng Travel Holdings Ltd (TNGCF) has been recognized for its ESG performance, achieving the highest MSCI ESG rating of AAA.

Negative

The tourism business experienced an 8% decrease in revenue due to travelers' safety concerns regarding Southeast Asia.
Selling and marketing expenses increased by 16.9% year-over-year, impacting overall profitability.
The company faces competitive pressure in the domestic market, requiring strategic adjustments to maintain its position.
There is uncertainty regarding the impact of AI technology on the OTA industry, posing potential risks.
The recent incident in Japan may impact the tourism business, particularly in group tours, requiring close monitoring and strategy adjustments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

0780.HK - Tongcheng Travel Holdings Ltd
Q3 2025 Tongcheng Travel Holdings Ltd Earnings Call
Nov 25, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good evening and good morning, everyone. Welcome to Tong Chen Travels 2025 1st quarter results conference call. I'm Kylie Yung, Investor relations director of the company. Joining us today on the conference call are our executive directors and CEO Mr. Hope Ma, our CFO Mr. Julian Fang, and our Chief Capital Officer, Ms. Joyce Lee. For today's call, our management team will provide a review of the company's performance in the 3rd quarter. Hope you will brief us on the company's strategies. Joyce will discuss our business and operational highlights. And then Julian will adjust the details of financial performance accordingly. We will take your questions during the Q&A session that follows.

As always, our

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