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2025-11-28
16:20
Tim Cook: Apple to Donate for HK Fire Relief

Apple (AAPL.US)'s CEO, Tim Cook, posted on Weibo expressing his sorrow over the devastating fire in Hong Kong, and saying that Apple is concerned about every affected resident and sincerely thanks the frontline rescue teams. Apple will donate to support local relief efforts.
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2025-11-27
14:49
BABA-W Launches New Quark AI Glasses Powered by Qwen AI Model

BABA-W (09988.HK) launched new Quark AI glasses in China, entering the global AI wearable device market. The glasses' prices will start from RMB1,899, and the glasses are equipped with BABA-W's Qwen AI model and app.

Unlike other headsets launched by companies like Meta (META.US), the Quark AI glasses look like regular glasses with black plastic frame.
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05:05
3 Key US Stock Indices Up for 4 Days in a Row Ahead of Thanksgiving; AI Stocks Rebound

U.S. bourse advanced on Wednesday, with the three major indices charting gains for the fourth consecutive trading day ahead of the Thanksgiving holiday. The DJIA settled up 314 points or 0.7%, at 47,427. The S&P 500 hiked 46 points or 0.7%, closing at 6,812. The Nasdaq jumped up 189 points or 0.8%, resting at 23,214.

AI concept stocks shored up the market, with Oracle (ORLC.US) surging approximately 4% as Deutsche Bank reiterated its bullishness on the stock. Nvidia (NVDA.US), threatened by Google in its AI chip dominance, saw its stock price rebound over 1%. Other chip stocks such as Broadcom (AVGO.US) and AMD (AMD.US) each spiked over 3%.

Among the "Magnificent Seven", Microsoft (MSFT.US) and Tesla (TSLA.US) each leaped nearly 2%, while Alphabet (GOOG.US) experienced the sharpest slump, falling about 1%.
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2025-11-26
16:42
Former Tesla Dexterous Hand Team Member Lu Zeyu Joins XIAOMI-W

Zeyu Lu, a former member of Tesla (TSLA.US)'s Optimus dexterous hand team, has joined XIAOMI-W (01810.HK)'s robotics team, responsible for dexterous hand.

On personal social media platform, Lu introduced himself as the head of XIAOMI-W's robotic dexterous hand. He expressed his hope to accelerate the convergence of dexterous hand technology paths and its engineering implementation.
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15:42
Mixue Vietnam Continues Steady Growth with Record Franchise Signings

93 new stores locked in at national conference as chain pivots to larger, experience-focused format in third-biggest market

HO CHI MINH CITY, Vietnam, Nov. 26, 2025 /PRNewswire/ -- Mixue Vietnam, the regional branch of MIXUE Group (02097.HK), the world's leading global freshly-made drinks company, concluded its highly successful 2025 Vietnam National Franchisee Conference on November 18 in Ho Chi Minh City and November 22 in Hanoi. The two events attracted nearly 700 franchisee candidates from provinces and cities across the country, resulting in 93 new store contracts signed on-site — a significant increase compared to the same period last year. Mixue Vietnam continues to see robust interest, with the pipeline of prospective franchisee candidates actively engaging in consultations and expressing intent to join, showing sustained growth.

93 new stores locked in at national conference
93 new stores locked in at national conference

Vietnam remains Mixue's third-largest market worldwide and a key driver of the brand's global growth. At the conference, Mixue Vietnam presented its latest operating results, product strategy, and supply-chain capabilities while unveiling a proactive strategic upgrade that shifts the brand from rapid density-focused expansion to a "mature expansion phase" centered on refined operations, enhanced consumer experience, and sustainable profitability.

The upgraded image of the MIXUE store in Bac Ninh
The upgraded image of the MIXUE store in Bac Ninh

A cornerstone of this transformation is the accelerated transition from the traditional "small-store model" to a new "large-store model." New and renovated stores feature spacious open bar counters, clearer customer flow, modern urban façades, and significantly larger floor areas. In major cities such as Hanoi, Bac Ninh, Hai Phong, and Da Nang, these upgraded flagship stores have quickly become social media hotspots among young Vietnamese consumers, reinforcing the company's positioning as a trendy yet affordable lifestyle brand.

Consumers have a better experience in the upgraded store
Consumers have a better experience in the upgraded store

Furthermore, Mixue is pursuing proactive structural upgrades aimed at cementing the brand's long-term foundation in the Vietnamese market. The company is strategically reallocating resources toward prime locations and more efficient store formats. This approach not only enhances the sustained profitability of its franchise investors and partners but also establishes a more resilient platform for future growth. By relocating stores to high-potential areas, Mixue has enabled 125 stores to achieve daily sales increases exceeding 50%, a clear testament to the effectiveness of this strategy.

The two events attracted nearly 700 franchisee candidates from provinces and cities across the country
The two events attracted nearly 700 franchisee candidates from provinces and cities across the country

From Hanoi to Ho Chi Minh City, Vietnamese investors and franchisees have wholeheartedly embraced the brand's sharpened strategic vision. Despite intense competition in the market, franchisee candidates enthusiasm remains strong. The 93 new stores signed during the two conferences will cover northern, central, and southern Vietnam, demonstrating that franchisees continue to place high confidence in Mixue's controllable investment costs, transparent return cycles, and proven brand stability.

Through store image renewal, elevated in-store experiences, and accelerated operational standardization, Mixue Vietnam will enter a new stage of high-quality development in Vietnam, creating greater long-term value for franchise partners, employees, and millions of Vietnamese consumers.

Since entering Vietnam, Mixue has introduced high-quality fresh-made fruit drinks, tea, ice cream, and coffee at an average price of only VND 10,000–30,000, winning widespread love from Vietnamese consumers. Backed by the group's globally integrated end-to-end supply chain, encompassing procurement, production, logistics, R&D, and quality control, Mixue Vietnam will provide consistent product quality and cost advantages even during rapid international expansion.

Consumers queuing in a MIXUE store
Consumers queuing in a MIXUE store

As of June 2025, MIXUE Group operates more than 53,000 stores worldwide across China and 12 international markets, representing a net addition of 9,796 stores year-over-year. MIXUE Group continues to deepen its presence in Southeast Asia, supporting sustainable and stable operations for existing stores while selectively entering new markets at the appropriate time. International store numbers reached 4,733 in the first half of the year, an increase of 128 locations compared with the same period in 2024. In a further milestone, MIXUE Group was recently named to the 2025 TIME100 Most Influential Companies list by TIME magazine, becoming the only restaurant chain to earn a place on this global ranking.

For more information about Mixue Vietnam, please visit https://vn.mixue.com/ or follow the official Facebook page at https://www.facebook.com/Mixue.Vietnam.

About MIXUE Group

Founded in China, MIXUE Group is the world's leading global freshly-made drinks company. Operating the freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup, Mixue has built a comprehensive end-to-end supply chain at the largest scale in China's freshly-made drinks industry, encompassing essential aspects covering procurement, production, logistics, R&D and quality control. The company is committed to delivering high-quality, affordable fresh beverages to consumers worldwide through its extreme-efficiency global supply chain and franchise model.

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05:00
DJIA Ends Up for 3rd Day by 664 Pts as Rate Cut Expectations Strengthen; Nasdaq Reverses Downtrend and Rebounds

White House National Economic Council Director Kevin Hassett may be appointed as the next Federal Reserve Chairman, according to foreign reports. As he is an ally of US President Donald Trump, the market perceives an increased likelihood of a US rate cut, leading US stocks to rebound from early declines on Tuesday.

The S&P 500 finished up 60 points or 0.9% at 6,765. The DJIA rallied by as much as 734 points at one point, closing up 664 points or 1.4% at 47,112, marking its third consecutive day of gains. The Nasdaq, which had fallen by 1% in the morning, reversed its downtrend, ending up 153 points or 0.7% at 23,025.

Meta (META.US) is considering splurging billions of US dollars to purchase Alphabet's (GOOG.US) home-grown AI chips, The Information reported, citing sources. Spurred by this news, Alphabet and Meta rose 1.6% and 3.8%, respectively. As a leading AI chip company, Nvidia (NVDA.US) dived more than 7% at one point, with the slip easing to 2.6% by the close.

The decline in chip stocks eased slightly from earlier in the day, with AMD (AMD.US) diving 4% and Arm (ARM.US) dropping over 2%.

Major techs also rebounded with the broader market, with Tesla (TSLA.US) picking up 0.4%, Microsoft (MSFT.US) up 0.6%, and Apple (AAPL.US) up 0.4%.
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03:05
NVIDIA, Defending Its Position, Claims Its AI Chip Tech Remains a Generation Ahead

NVIDIA (NVDA.US) defended its position on Tuesday amid concerns about its leadership being challenged, stating that its technology remains a generation ahead of the industry. The company, expressing happiness over Google's success in AI chips, said it will continue to provide technical support to Google.

Meta (META.US) is weighing to spend billions of US dollars to purchase Alphabet's (GOOG.US) proprietary AI chips, The Information earlier reported. This news has dampened NVIDIA's stock, which last sagged over 4%.
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2025-11-25
19:26
維他奶公佈2025/2026年度上半年業績

財務摘要

截至2025930日止

6個月

2025/26年度上半年

港幣百萬元

2024/25年度上半年

港幣百萬元

變化

收入

3,227

3,443

-6 %

毛利

1,648

1,777

-7 %

EBITDA(未計利息收入、融資成本、所得稅、折舊及攤銷費用前盈利)

479

496

-4 %

經營溢利

247

257

-4 %

本公司股權持有人應佔溢利

172

171

+1 %

每股基本盈利(港仙)

16.2

15.9

+2 %

 

香港2025年11月25日 /美通社/ -- 維他奶國際集團有限公司(「維他奶」或「公司」,連同其附屬公司為「集團」,股份代號:00345)今日公佈其截至2025 年9月30日止之中期業績(「中期財務期間」)。

於中期財務期間,集團錄得收入減少6%,主要由於中國內地業務受市況疲弱影響,表現面臨挑戰。集團的毛利率及經營利潤率分別為51.1%及7.6%,而公司股權持有人應佔溢利為港幣1.72億元。

維他奶國際集團有限公司執行主席羅友禮先生今天於業績發佈會上表示:「外部宏觀及競爭環境瞬息萬變。中國內地正處於此關鍵演變發展的風口。香港業務在面對財政年度上半年的挑戰後,將於財政年度下半年加快增長,而澳洲及新西蘭以及新加坡的業務將致力加快增長並進一步減少經營虧損。 儘管面對短期挑戰,我們對持續擴大規模的長期潛力充滿信心。」

基於集團的財務表現及現金狀況,董事會宣派中期股息每股普通股4.0港仙(去年中期財務期間:每股普通股4.0港仙),將於2025年12月23日派付。

中國內地 — 
傳統零售渠道業務疲弱令收入下降,而全渠道(包括連鎖零食店在內)的增長未能完全抵銷影響,惟仍能維持雙位數的經營利潤率

在中國內地業務方面,收入下降主要由於傳統零售渠道收入收縮,惟部分被逐步擴大的全渠道(包括連鎖零食店在內)的穩健增長所抵銷。集團繼續專注於提升商業執行力、確保正確的價值程式及推動相關產品創新。因此,維他奶豆奶及植物奶產品的市場份額均有所增長,而維他茶廣泛採用更具競爭力的定價策略,並成功推出新產品維他鴨屎香檸檬茶,從而提升其於即飲茶類別中的市場份額。 

由於實施成本優化措施抵銷了銷售額的下降,中國內地業務於中期財務期間將經營利潤率維持在11%。

香港業務(香港特別行政區[1]、澳門特別行政區[2]及出口)
香港業務穩健,惟因維他天地業務、澳門特別行政區及出口美國業務暫時受挫而導致整體表現受到影響,但其仍維持雙位數的經營利潤率

香港特別行政區飲品業務繼續鞏固其在非酒精飲品市場的領導地位。維他奶低糖白桃豆奶及維他鴨屎香檸檬茶等新產品上市,加上維他0糖檸檬茶及氣泡系列持續暢銷,以及維他無糖茶的穩固市場地位,均穩固了公司在該等品類中的領先地位。

颱風季節期間,頻繁的惡劣天氣狀況導致中期財務期間的上課天數減少,對維他天地業務造成負面影響。澳門特別行政區零售市場疲軟令銷量下降,集團現正採取新的商業策略以應對挑戰。

美國所實施並頻繁修訂的關稅政策對北美業務造成負面影響,惟其對集團的總收入影響並不顯著。集團正根據關税情況發展調整商業策略。

附註:
[1]「香港特別行政區」指中華人民共和國香港特別行政區。

[2] 「澳門特別行政區」指中華人民共和國澳門特別行政區。 

 

澳洲及新西蘭
收入在生產穩定後強勁增長,持續逐步改善盈利能力

澳洲及新西蘭以當地貨幣計算的銷售增長5%,在核心平台的市場份額有所提升。此乃由於去年的生產問題全面解決後產能已恢復,促使商業活動全面復甦,以及持續降低生產成本所致。因此,盈利能力有所改善以及經營虧損較去年同期大幅減少至港幣2,200萬元。 

新加坡
本地及出口豆腐業務持續增長,惟被相對疲弱飲品業務抵銷

中期財務期間的總收入以當地貨幣計算減少1%。經營虧損以當地貨幣計算大幅減少 53%。

本地及出口豆腐業務於中期財務期間繼續保持增長勢頭,收入持續增長。飲品業務銷售則因低價產品的激烈競爭以及因替換新分銷商令去年基數較高而相對下降。

菲律賓 —

在菲律賓,以植物為本的品類自推出以來按年以雙位數的速度穩步增長,主要由燕麥及杏仁產品帶動。集團與Universal Robina Corporation在菲律賓成立的合營公司持續穩健發展業務。集團亦致力在此充滿潛力的市場中持續擴展業務規模並提升盈利能力。 

詳情請參閱以下文件:

  • 截至2025年9月30日止之中期業績公告:
    按此
  • 下載圖片:
    按此

圖片一:維他奶管理層在新聞發佈會上展示全新升級配方的維他奶鈣思寶高鈣原味豆奶及維他奶鈣思寶高鈣無糖原味豆奶。圖為(左起)集團首席財務總監吳茵虹女士、執行主席羅友禮先生、副主席羅其美女士,及集團行政總裁陸博濤先生。
圖片一:維他奶管理層在新聞發佈會上展示全新升級配方的維他奶鈣思寶高鈣原味豆奶及維他奶鈣思寶高鈣無糖原味豆奶。圖為(左起)集團首席財務總監吳茵虹女士、執行主席羅友禮先生、副主席羅其美女士,及集團行政總裁陸博濤先生。

圖片二:維他奶推出全新升級配方的維他奶鈣思寶高鈣原味豆奶及維他奶鈣思寶高鈣無糖原味豆奶。
圖片二:維他奶推出全新升級配方的維他奶鈣思寶高鈣原味豆奶及維他奶鈣思寶高鈣無糖原味豆奶。

關於維他奶

維他奶國際集團有限公司是一間專注植物食品及飲品的生產及分銷商,總部設於中國香港。自維他奶於 1940 年由羅桂祥博士創立以來,一直致力以各種高品質產品,以營養、美味及可持續發展作為開拓產品方針,從而推廣可持續的營養,並重視社會責任及致力回饋社會。目前,維他奶旗下產品行銷全球約 40 個市場,在中國(包括中國內地及香港特別行政區)、澳洲、新加坡及菲律賓設有營運基地。

維他奶國際集團有限公司(00345.HK)在香港聯合交易所主板上市,並獲納入多個指數類別,包括摩根士丹利資本國際指數(MSCI) 香港小型股指數及恒生可持續發展企業基準指數。

維他奶公司網站:www.vitasoy.com

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17:32
Tongcheng Travel Reports 2025 Third Quarter Results Tapping Further into Mass Travel Market Yields Solid Growth of Core OTA Business

Strategic Acquisition of High-end Hotel Brand to Extend Industry Profile
Mass Travel Demand Drives User Base to New Historic High
Twelve-month Accumulated Number of Travelers Served Surpasses 2 Billion

HONG KONG, Nov. 25, 2025 /PRNewswire/ -- Tongcheng Travel Holdings Limited ("Tongcheng Travel" or the "Company", together with its subsidiaries the "Group", stock code: 0780.HK), a leading comprehensive travel platform in China, today announced its unaudited consolidated results for the three months ended 30 September 2025 (the "period under review" or "3Q 2025").

Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, "In the third quarter of 2025, China's travel industry continued to exhibit growth, buoyed by the emergence of diversified, personalized, and experience-oriented travel demands. Thanks to our effective user engagement initiatives and enriched product and service offering, we have built a substantial user base while achieving steady growth. Entering the fourth quarter, we continue to see strong travel enthusiasm and demand, underscoring the industry's underlying resilience. We remain confident in the long-term growth trajectory of China's travel industry. In an evolving landscape, Tongcheng Travel will continue to capitalize on market opportunities with precise execution and navigate challenges. We will continue to pursue strategic investment opportunities that align with our long-term vision to fuel sustainable growth."

3Q 2025 Highlights with Year-on-year ("yoy") Comparison

Revenue and Adjusted Profit Maintained Quality Growth

  • Revenue increased by 10.4% yoy to RMB5,509.1 million
  • Adjusted EBITDA increased by 14.5% yoy to RMB1,510.3 million, adjusted EBITDA margin was 27.4%
  • Adjusted net profit increased by 16.5% yoy to RMB1,060.2 million, adjusted net margin was 19.2%

User Base Reached Historic High Strengthening the Position in China's Mass Market

  • Monthly paying users ("MPUs") increased by 2.8% yoy to 47.7 million
  • Annual paying users ("APUs") increased by 8.8% yoy to 252.9 million
  • Twelve-month Accumulated Number of Travelers Served increased by 7.3% yoy to 2,019.4 million, further cementing its position in China's mass market

3Q 2025 Highlights with Year-on-year ("yoy") Comparison

Core OTA Businesses Maintained Strong Growth Momentum

  • Revenue of core OTA business increased by 14.9% yoy to RMB4,608.8 million 
    • Revenue from transportation ticketing services increased by 9.0% yoy to RMB 2,208.7 million, supported by its profound user insights and the enrichment of value-added products and services
    • Revenue from accommodation reservation services increased by 14.7% yoy to RMB1,579.5 million, achieving a record high in daily room nights sold
    • Revenue from other businesses increased by 34.9% yoy to RMB820.6 million

Focusing on China's Mass Travel Market and Delivering User Value

The mass travel demand continued to grow steadily, with vibrant growth observed across various travel scenarios, including family trips, graduation trips, and educational tours. Leveraging effective user acquisition strategies and exceptional operational capabilities, Tongcheng Travel has further consolidated its position in China's mass travel market. During the period under review, the Group's average MPUs increased by 2.8% yoy to 47.7 million, while APUs recorded an 8.8% yoy growth to 252.9 million, both reaching historic highs. The twelve-month Accumulated number of Travelers Served increased by 7.3% to 2,019.4 million.

During the period under review, the Group's proprietary APP, the key vehicle for new user acquisition, achieved solid progress. Its DAUs reached a historic peak before the National Day holiday, demonstrating the effectiveness of its innovative and customized entertainment marketing campaigns. Concurrently, the Group intensified its efforts on social media platforms. Through collaborations with influencers and the distribution of creative content, the Group strengthened user interaction and broadened its reach within younger demographics.

The Group maintained stable partnership with Tencent, and the Weixin ecosystem continued to serve as a crucial traffic channel, with a focus on enhancing operational efficiency and maximizing user value. This summer, the Group collaborated with Tencent Music and exclusively sponsored its three-day music festival in Macau, effectively capturing younger audience attention while significantly boosting brand exposure. These engaging marketing initiatives have significantly elevated brand mindshare within target users.

Mass Travel Drove Robust Growth in Core OTA Business
Premium Brand Acquisition Extends Industrial Chain Layout

During the period under review, Tongcheng Travel remained focused on catering to user needs while proactively adapting to evolving consumption trends. The Group's core OTA business maintained its growth momentum from 1H2025, with total revenue increasing by 14.9% yoy to RMB4,608.8 million. The Group's revenue from the accommodation business increased by 14.7% to RMB1,579.5 million, achieving a record high in daily room nights sold. It prioritized addressing users' growing demand for higher-quality hotels, leading to a meaningful increase in the proportion of higher-quality hotel room nights sold on its platform. This was coupled with strengthened brand awareness among high-value users in lower-tier cities. As for the international accommodation business, consistent efforts were made to strengthen cooperation with global third-party partners and enrich product and service offerings, aiming to better meet the diverse needs of users and drive sustainable growth in the segment.

The Group's transportation business delivered solid growth, with further enhanced monetization capabilities. During the period under review, supported by the Group's profound user insights and the enrichment of value-added products and services, revenue from transportation ticketing services increased by 9.0% to RMB2,208.7 million. The Group's international air ticketing business continued its rapid growth, accompanied by continuous strengthening user mindshare. By implementing disciplined incentive policies and improving operational efficiency, Tongcheng Travel achieved a balanced approach to volume expansion and revenue growth, aligning with its long-term growth strategy. Meanwhile, the Group has been continuously iterating its algorithm-driven Huixing system to offer users more comprehensive travel solutions and enhance their experience.

The Group's other businesses demonstrated remarkable performance. During the period under review, revenue from other businesses achieved RMB820.6 million with a 34.9% yoy growth, mainly driven by the hotel management business. Positioned as a secondary growth driver of the Company, the asset-light hotel management business sustained its strong growth momentum, with efforts devoted to expanding its hotel's geographic network while prioritizing quality growth. As at the end of September 2025, the number of hotels in operation under the hotel management business platform of the Group had risen to nearly 3,000, with 1,500 in the pipeline. In addition, the Group completed the acquisition of Wanda Hotel Management (Hong Kong) Co., Limited ("Wanda Hotel Management") on 16th October, 2025. This strategic integration will further diversify the Group's brand portfolio and bring in profound industry expertise, enabling it to accelerate the expansion of its hotel management business and strengthen its market presence in the industry.

Leveraging Advanced Cutting-edge Technologies Drives High-quality Development in the Tourism Industry

As a technology-driven travel platform, Tongcheng Travel proactively embraces cutting-edge technologies to deliver seamless and superior travel experiences to users. The Group launched the AI-driven travel planner DeepTrip to provide viable and personalized travel itineraries for users. Since its debut, it has attracted millions of users, with a steadily increasing number of orders placed directly through the portal. As for customer service, the Group has made meaningful progress in integrating AI technologies to enhance operational efficiency and improve user experience. In the future, the Group will continue investing in AI capabilities to deliver seamless and efficient service while fostering long-term user loyalty.

Tongcheng Travel is committed to fostering high-quality development within the travel industry chain by leveraging its extensive internet expertise and advanced technologies. During the period under review, the Group signed a strategic partnership agreement with Hunan Airport Management Group, to deepen collaboration in joint marketing initiatives and product innovation, especially in Air-Rail intermodal solutions. In addition, the Group initiated a strategic cooperation with Liaoning Airport Management Group in October. It will fully utilize its technological infrastructure, profound user insights and innovative marketing capabilities to facilitate the building of smart airports.

Looking ahead, the Group will remain focused on its core OTA business to further strengthen its position in the domestic market. Meanwhile, it will intensify efforts to develop the outbound travel business to amplify its global market presence. With the strategic integration of Wanda Hotel Management, Tongcheng Travel's hotel management business is poised for accelerated expansion, laying a robust foundation as its second growth driver. As always, Tongcheng Travel will continue to emphasis on corporate governance, environmental protection, and social responsibility in its operations to generate sustainable value for all stakeholders.

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About Tongcheng Travel Holdings Limited (HKSE Stock Code: 0780.HK)

Tongcheng Travel is a one-stop shop for users' travel needs. With the mission "make travel easier and more joyful", Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, packaged tour, and a wide array of value-added ancillary services primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile apps, quick apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user needs and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant.

For more information, please visit the Group's website at https://www.tongchengir.com/

Issued by Cornerstones Communications Ltd. on behalf of Tongcheng Travel Holdings Limited

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17:20
同程旅行公佈二零二五年第三季度業績 深耕大眾旅遊市場 核心業務穩健增長

戰略併購高端酒管品牌拓展產業鏈
大眾出行推動用戶規模創新高
十二個月累計服務人次突破20

香港2025年11月25日 /美通社/ -- 中國領先的綜合旅遊平台同程旅行控股有限公司(「同程旅行」或「公司」,連同其附屬公司(統稱「集團」),股票代號:0780.HK)今天公佈其截至2025年9月30日止三個月(「回顧期」或「2025年第三季度」)之未經審核綜合業績。

同程旅行執行董事兼首席執行官馬和平表示:「2025年第三季度,中國旅遊業持續呈現增長態勢,多元化、個性化、體驗式旅遊需求不斷湧現。我們高效的用戶互動措施和豐富的產品及服務,使我們在龐大用戶基數的基礎上,依舊能保持穩健增長。進入第四季度,我們觀察到用戶的旅遊熱情與需求持續旺盛,充分展現出旅遊行業的韌性,這使我們對中國旅遊業的長期增長態勢充滿信心。面對不斷變化的行業格局,同程旅行將繼續精準識別和把握機遇,不懼挑戰。我們亦將繼續尋求符合我們長期目標的戰略投資機會,以推動可持續增長。」

2025年第三季度業績摘要連同比變動

收入及經調整溢利延續高質量增長

  • 收入同比增加10.4%至人民幣5,509.1百萬元
  • 經調整EBITDA同比增加14.5%至人民幣1,510.3百萬元,經調整EBITDA利潤率為27.4%
  • 經調整溢利淨額同比增加16.5%至人民幣1,060.2百萬元,經調整淨利潤率為19.2%

用戶基數創歷史新高 鞏固在中國大眾市場的地位

  • 平均月付費用戶同比增加2.8%至47.7百萬人
  • 平均年付費用戶同比增長8.8%至252.9百萬人
  • 12個月累計服務人次同比增長7.3%至2,019.4百萬,進一步鞏固在中國大眾市場的地位

核心在線旅遊平台業務保持強勁增長勢態

  • 核心在線旅遊平台業務收入同比增加14.9%至人民幣4,608.8百萬元
    • 交通票務服務收入同比增加9.0%至人民幣2,208.7百萬元,得益於集團對用戶需求的深入洞察和對增值產品與服務的持續豐富
    • 住宿預訂服務收入同比增加14.7%至人民幣1,579.5百萬元,日均間夜量創歷史新高
    • 其他收入同比增加34.9%至人民幣820.6百萬元

聚焦中國大眾旅遊市場 用戶價值持續釋放

大眾旅遊需求持續釋放,家庭遊、畢業遊、研學遊等各類旅遊場景均呈現蓬勃增長態勢。同程旅行憑藉高效的獲客策略及卓越的運營能力,進一步鞏固了在中國大眾市場的地位。回顧期內,集團的平均月付費用戶同比增加2.8%至47.7百萬人,年付費用戶同比增長8.8%至252.9百萬人,均創歷史新高。十二個月累計服務人次同比增長7.3%至2,019.4百萬。

回顧期內,集團的自有APP也取得顯著進展,其日活躍用戶數在國慶假期前創歷史新高,彰顯集團創新及定制化娛樂營銷活動的有效性。同時,集團加強對社交媒體平台的投入,通過與達人合作及發佈創意內容,增強用戶互動,並擴大了對年輕用戶的覆蓋範圍。

此外,集團與騰訊保持穩定的合作關係,微信生態依然是其重要的流量渠道。集團聚焦提升微信生態運營效率,並最大化用戶價值。今年夏天,集團與騰訊音樂展開合作,獨家贊助其於澳門舉行的三天音樂節,有效吸引了年輕觀眾的注意,並顯著提升了品牌曝光度。這些富有吸引力的營銷舉措,大幅提升了同程旅行在目標用戶中的品牌認知度。

大眾旅遊推動核心OTA業務強勁增長 併購高端品牌延伸產業鏈佈局

回顧期內,同程旅行的核心在線旅遊平臺業務延續上半年的增長勢頭,其總收入同比增加14.9%至人民幣4,608.8百萬元。集團的住宿業務的收入同比增長14.7%至人民幣1,579.5百萬元,日均間夜量創歷史新高。集團重點滿足用戶對高品質酒店日益增長的需求,推動了平台上高品質酒店的間夜量佔比的顯著增加,並強化了在低線城市高價值用戶中的品牌認知度。在國際酒店方面,同程旅行持續致力於加強與全球第三方合作夥伴的協作,並豐富產品及服務供給,以更好地滿足用戶的多樣化需求,推動國際酒店業務的可持續增長。

集團的交通業務繼續穩健增長,變現能力進一步增強。回顧期內,交通票務服務的收入同比增長9.0%至人民幣2,208.7百萬元。這一增長主要得益於集團對用戶需求的深入洞察和對增值產品與服務的持續豐富。回顧期內,集團的國際機票業務保持快速增長,用戶心智亦不斷增強。透過實施審慎的補貼政策與提升運營效率,同程旅行在業務量擴張與收入增長之間實現了平衡發展,符合集團的長期增長策略。同時,集團持續強化算法驅動的慧行系統,為用戶提供更全面的出行解決方案,並提升用戶體驗。

同程旅行的其他業務表現出色。回顧期內,其他業務收入增加34.9%至人民幣820.6百萬元,主要受酒店管理業務的優異表現所推動。作為集團第二增長引擎,輕資產酒店管理業務維持強勁的增長勢頭。集團在擴大酒店網絡地理覆蓋範圍的同時,亦注重其高質量增長。於2025年9月底,集團酒店管理業務平台下在運營的酒店數量增長至近3,000家,另有1,500家酒店正在籌備中。此外,於2025年10月16日,集團完成對萬達酒店管理(香港)有限公司(「萬達酒管」)的收購。此次戰略整合將進一步豐富同程旅行的品牌矩陣,帶來深厚的行業專業知識,從而加速其酒店管理業務的擴張,並加強在行業內的市場地位。

靈活運用先進的前沿科技 推動旅遊行業高質量發展

作為技術驅動的旅遊平台,同程旅行積極擁抱前沿科技,為用戶提供無縫及卓越的旅遊體驗。集團推出的AI行程規劃智能體DeepTrip,可為用戶生成切實可行且個性化的旅遊行程。自推出以來,DeepTrip已吸引數百萬用戶使用,通過該入口直接下單的訂單數穩步提升。於客戶服務方面,集團通過整合AI技術,成功提升了運營效率,並改善了用戶體驗。未來,集團將繼續投資於AI能力,在為用戶提供無縫、高效服務的同時,培養用戶的長期忠誠度。

同程旅行致力於運用豐富的互聯網專業知識及先進技術,積極賦能旅遊產業鏈,推動行業實現高質量發展。回顧期內,集團與湖南省機場管理集團簽署戰略合作協議,將深化在聯合營銷和產品創新等領域的合作,特別是空鐵聯運產品的開發。此外,集團於十月與遼寧省機場管理集團展開戰略合作,將充分利用同程旅行的技術基礎設施、深入的用戶洞察力及創新營銷能力,促進智慧機場的建設。

展望未來,集團將繼續專注於核心在線旅遊平台業務,以進一步加強在國內市場的地位。同時,集團將加大力度發展出境遊業務,以擴大其在全球市場上的影響力。隨著萬達酒管的戰略整合,同程旅行的酒店管理業務將加速擴張,為打造第二增長引擎奠定堅實基礎。一如既往,同程旅行將在運營中持續強調企業管治、環境保護及社會責任,為所有利益相關者創造可持續價值。

-完-

關於同程旅行控股有限公司(香港聯交所股份代號:0780.HK

同程旅行是滿足用戶旅遊需求的一站式平台。同程旅行秉持「讓旅行更簡單、更快樂」的使命,為用戶提供幾乎涵蓋旅遊所有方面的全面創新產品和服務選擇,包括交通、住宿、景點門票預訂,以及跟團遊、自由行、郵輪等產品,廣泛覆蓋了多個出行和度假場景。主要通過其在線平台(包括其騰訊旗下平台、自有移動應用程式、輕應用及其他渠道)來滿足用戶在整個旅途中不斷變化的旅遊需要。

作為科技驅動型公司,同程旅行借助大數據及人工智能能力,更好地瞭解用戶偏好和行為,向用戶提供定制化產品及服務。同程旅行重點佈局中國下沉市場,利用其多元化的流量渠道、產品的創新能力及靈活的運營策略。透過對用戶需求的深入瞭解及先進技術能力,同程旅行正逐步改變消費者對線上旅遊行業的期望,使得旅遊過程更方便、更具個性化及更愉快。同程旅行致力開發並應用先進科技,從線上旅遊平台轉型為智慧出行管家。

欲瞭解更多資訊,請瀏覽集團網站: https://www.tongchengir.com

此新聞稿由基石傳訊有限公司代表同程旅行控股有限公司發佈。

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