TONGCHENG-ELONG DL-,0005

Tongcheng Travel posted Q2 revenue up 6.8% to RMB 5.0 billion and adjusted net profit of RMB 851 million (+9.8%); adjusted undiluted EPS was RMB 0.36, slightly missing estimates. The OTA core business grew 8.4% to RMB 4.3 billion, gross margin expanded to 66.7%, and the international overnight business rose by more than 50%. Management expects slower Q3 growth due to extreme weather events, higher fuel surcharges and compliance adjustments in transportation. The stock fell about 1.9% and trades well below its 52-week high, while the balance sheet—with more cash than debt—is highlighted as a strength. » Altro su de.investing.com

Tongcheng Travel posted a 22.6% year‑on‑year profit increase to 985 million yuan for the quarter to Sept. 30, with revenue up 10.4% to 5.5 billion yuan driven by growth in ticketing and record accommodation bookings. The company cited shifting consumer demand toward immersive experiences and called the tourism sector a key growth area under China’s upcoming five‑year plan. Tongcheng said its recent about $340 million purchase of Wanda Hotel Management will serve as a second growth driver. Tencent owns 20% of Tongcheng and Trip.com holds over a fifth; shares are up more than 15% in the past 12 months, valuing the company at over $6 billion. Leadership changes include James Liang resigning as co‑chairman to become a non‑executive director, with Jiang Hao named co‑chairman alongside Wu Zhixiang. » Altro su forbes.com