On March 24, TONGCHENGTRAVEL (00780) released its financial results for the fourth quarter and the full year of 2025. The report indicates that by the end of the fourth quarter of 2025, the company's annual paying users reached 253 million, with total annual service transactions reaching 2.034 billion. The continued expansion of mass tourism consumption has not only injected new vitality into the Chinese economy but also contributed to an 11.9% year-on-year increase in TONGCHENGTRAVEL's annual revenue, which reached 19.4 billion yuan. Specifically, the company's transportation business generated revenue of 7.93 billion yuan in 2025, marking a 9.6% increase from the previous year. Its accommodation business revenue rose to 5.45 billion yuan, up 16.8% year-on-year. Throughout 2025, TONGCHENGTRAVEL collaborated with partners across the industry chain to explore higher-quality services for users while enhancing operational efficiency for industry partners. The company's "New Traveler Public Welfare Plan" underwent a significant upgrade, supporting the development of small and medium-sized hotels through technological, marketing, and talent initiatives. Strategic cooperation with airports was also expanded, utilizing innovative models to boost passenger traffic growth. Additionally, TONGCHENGTRAVEL established culturally distinctive tourism-themed stores, helping destinations broaden their customer base and promoting high-quality development in local cultural tourism industries. Based on its performance across key ESG metrics, TONGCHENGTRAVEL achieved the highest possible "AAA" rating in the latest 2025 MSCI ESG assessment, placing it among the top 5% of companies globally in its sector. Following the upgrade of its ESG strategy, the company will pursue a vision of "Igniting Hope, Illuminating the World," supported by three pillars: Smart Travel, Diverse Trust, and Ecological Co-prosperity, to continuously advance sustainable development within the industry. Ma Heping, CEO of TONGCHENGTRAVEL, stated, "The potential of the mass tourism market lies in the travel aspirations of every individual, which serves as a powerful driver for the industry's sustained growth. Looking ahead, we will continue to deepen user value by delivering products and services that better meet the needs of the broadest consumer base. We also recognize that market prosperity depends on the collective efforts of our industry chain partners. TONGCHENGTRAVEL remains committed to a long-term approach, working closely with partners in areas such as traffic, technology, and resources to build a more resilient and dynamic industry ecosystem."
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