China Travel Service Hong Kong: Due to impairment provisions, net loss is expected to exceed HK$250 million in 2025

NightAirdropper · 2026-03-24T07:31:47+00:00

Hong Kong China Travel International Investment Co., Ltd. is expected to record a net loss of over HK$250 million in 2025, mainly due to asset impairment and reclassification of exchange differences. However, the group's overall operations remain stable, with the development of scenic spots and hotel businesses progressing well. The company will continue to optimize its operations to generate returns for shareholders.

NightAirdropper

2026-03-24 07:31:47

Abstract generation in progress

On March 23, China Travel International Investment Hong Kong Limited (Hong Kong China Travel, 0308.HK) released its earnings forecast. The announcement shows that the company expects to record a net loss attributable to shareholders of over HKD 250 million in 2025.

The board of directors believes that the loss in 2025 is mainly due to impairment provisions related to the group’s tourism land assets and equity interests in joint ventures that are to be distributed physically in 2025, as well as the reclassification of a one-time cumulative exchange difference related to the physical distribution tourism land business, and a decline in the fair value of investment properties due to market fluctuations.

The announcement states that as of the end of the reporting period, the relevant physical distributions have been completed, and the assets and equity interests in joint ventures that were distributed are no longer included in the group’s consolidated financial statements.

Hong Kong China Travel also stated that the overall operation of the group remains stable and intact, with good development of scenic area businesses and a sound financial position. In January and February 2026, the number of visitors to scenic spots and resorts and the passenger volume in the transportation sector both increased compared to the same period last year; hotel operations maintained steady growth. Additionally, after completing the acquisition of Jilin Songhuahu International Resort Development Co., Ltd. and China Travel (Beijing) Ice and Snow Sports Development Co., Ltd. last October, the group has contributed new growth points. The company will further promote steady development, continuously optimize its business layout and operational management, and strive to generate good returns for all shareholders.

As of the close of Hong Kong stocks on March 23, China Travel International Investment Hong Kong Limited was trading at HKD 1.13 per share, down 2.59%.

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