Hong Kong China Travel (00308.HK) invested 102 million yuan to set up a joint venture company to develop the Heidushan Scenic Area in Qinghai Province and improve the Northwest tourist loop stations.
Intelligence Finance APP News, Hong Kong China Travel (00308.HK) announced that the group has seized the opportunity of the recovery of the mainland tourism market and actively laid out new cultural tourism projects as a new source of income. The group completed the acquisition of Jilin Songhua Lake International Resort Development Co., Ltd. and China Travel (Beijing) Ice and Snow Sports Development Co., Ltd. on October 27, 2025. During the winter peak season of the 2025/26 fiscal year, they received a total of 1 million visitors. Through the group's marketing efforts, the number of visitors increased by about 9% year-on-year, bringing in approximately 170 million yuan in revenue and approximately 57 million yuan in operating profit in the first four months of the current fiscal year.
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