Tu Yi Holding Co., Ltd. ( (HK:1701) ) has provided an update.
Tu Yi Holding Co., Ltd. announced a significant increase in revenue for the year ended December 31, 2024, with a 130.7% rise year-on-year, driven by strong market demand and strategic execution. Despite a decline in gross profit margin due to temporary price concessions, the company saw a 10.9% increase in net profit attributable to equity shareholders. The company’s Japan outbound travel business showed robust growth, with package tour sales increasing by 82.2% and day tour sales surging by 255.2%. The Hotels Operation also saw a 10.6% revenue increase, supported by high occupancy rates and strategic investments in room renovations and digital systems.
More about Tu Yi Holding Co., Ltd.
Tu Yi Holding Co., Ltd. is a well-established outbound travel products and service provider in the PRC, focusing on Japan outbound travel package tours, day tours, and free independent traveler products. The company also provides visa application processing services and operates hotels in Japan.
YTD Price Performance: -10.77%
Average Trading Volume: 186,125
Technical Sentiment Signal: Buy
Current Market Cap: HK$116M
Learn more about 1701 stock on TipRanks’ Stock Analysis page.