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TRAVELSKY TECH
00696.HK
TravelSky Technology Limited, together with its subsidiaries, provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China. The company offers aviation IT services comprising electronic travel distribution services, including inventory control and computer reservation systems; airport passenger processing system services; and other extended information technology solutions, such as product services to support aviation alliances, developing e-ticket and e-commerce solutions, data services, and information management system services. It also provides accounting, settlement, and clearing services consisting of information system development and support services, and air travel financial services; distribution information technology services; and airport information technology services. In addition, the company provides cargo management, data network, e-tourism distribution and freight management, trade financing, domestic and inbound travel, hardware and system consulting, system integration, tourist information consulting, data processing, training, and commercial services.
613.95 B
00696.HKMarket value -Rank by Market Cap -/-

Financial Score

08/12/2025 Update
B
Hotels, Resorts and Cruise LinesIndustry
Industry Ranking4/43
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE9.67%B
    • Profit Margin24.84%A
    • Gross Margin58.75%B
  • Growth ScoreB
    • Revenue YoY12.58%B
    • Net Profit YoY37.82%B
    • Total Assets YoY9.15%B
    • Net Assets YoY9.48%B
  • Cash ScoreB
    • Cash Flow Margin402.64%C
    • OCF YoY12.58%B
  • Operating ScoreD
    • Turnover0.28D
  • Debt ScoreB
    • Gearing Ratio26.29%B

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Citi: Lowers the target price for TRAVELSKY TECH to HKD 12.8, maintains "Outperform" rating

    Citi released a research report stating that the latest July operational data from China Civil Aviation Information Network indicates that the recovery of passenger traffic for foreign airlines in the second half of this year may still be slow. The System Integration (SI) business dragged down the company's revenue growth in the first half of the year, but management expects more projects to be launched in the second half. However, the visibility of progress on these projects is low, leading the bank to adopt a more conservative forecast. Citi pointed out that the improvement in the profitability of China Civil Aviation Information Network is proceeding as planned and should continue to advance. The bank lowered its target price from HKD 14.8 to HKD 12.8 but maintained a "Outperform" rating, currently forecasting a net profit of RMB 2.209 billion for this year

    Zhitong·
    HK
    00696
    -0.28%
    Zhitong·
    HK
    00696
    -0.28%

    Daiwa: Lowers the target price for TRAVELSKY TECH to HKD 13, recovery is gradual, reiterates "Buy" rating

    Daiwa released a research report stating that the recovery of China Civil Aviation Information Network is gradual, and it holds an optimistic attitude towards its system integration business, but expects the recovery of international airlines to be slow; it has lowered its revenue forecast for 2025 to 2027 by 4% to 5%, mainly due to the slower-than-expected recovery in tourism. Daiwa has reduced the company's earnings per share forecast for 2025 to 2027 by 16% to 17% to reflect the lower-than-expected performance in the first half of 2025, reiterating a "Buy" rating for the company, with a target price lowered from HKD 13.5 to HKD 13. The report states that the company's management pointed out that several changes in the post-pandemic period have dragged down the company's recent profitability, including low handling volume from international airlines, which previously had higher average unit prices and profit margins than domestic airlines; the revenue contribution from the system integration business is about 20% (compared to double digits before the pandemic); employee costs for 2023 to 2024 have increased to over RMB 2 billion (averaging RMB 1.8 billion from 2017 to 2019). The firm noted that despite adjusting the company's revenue forecast, it reiterated the company's future operational leverage potential, as fixed costs account for 60% to 70% of total operating costs. In addition, Daiwa emphasized that management has intensified cost control efforts (especially employee costs) to improve the company's profitability

    Zhitong·
    HK
    00696
    -0.28%
    Zhitong·
    HK
    00696
    -0.28%

    Morgan Stanley: Raises the target price for TRAVELSKY TECH to HKD 10.2, rating "Reduce"

    Morgan Stanley released a research report stating that it has lowered its EBITDA forecast for China Civil Aviation Information Network from this year to 2027 by 6% to 7%, based on slower-than-expected revenue recognition in the first half of the year for the SI business, lower processing volumes from foreign airlines, and reduced depreciation and amortization expenses. The bank roughly maintains its net profit forecast for the company this year, based on more credit impairment reversals and lower depreciation and amortization. The net profit forecasts for the company for next year and the year after have been lowered by 1% and 2%, respectively. The bank raised its target price for China Civil Aviation Information Network from HKD 9.9 to HKD 10.2, changing its assumption on the RMB exchange rate from considering RMB appreciation to an appreciation of 1.5% against the HKD. The bank continues to rate the stock as "Underweight."

    Zhitong·
    HK
    00696
    -0.28%
    Zhitong·
    HK
    00696
    -0.28%

    CICC: Maintains outperform rating for TRAVELSKY TECH with a target price of HKD 13

    CICC maintains an outperform rating for TRAVELSKY TECH with a target price of HKD 13, expecting profits of RMB 2.327 billion and RMB 2.581 billion for 2025 and 2026, respectively. The current stock price corresponds to a price-to-earnings ratio of 13.6 times for 2025 and 12.1 times for 2026, indicating an upside potential of 10.2%. In 1H25, revenue was RMB 3.895 billion, a year-on-year decline of 3.6%; net profit attributable to the parent company was RMB 1.448 billion, a year-on-year increase of 5.9%. It is recommended to pay attention to the changes in user activity of the airline travel app and its commercialization potential

    Zhitong·
    HK
    00696
    -0.28%
    Zhitong·
    HK
    00696
    -0.28%

    In the performance report, China Aviation Information Technology's mid-term net profit is RMB 1.448 billion, an increase of 5.9%, with no dividend distribution

    TRAVELSKY TECH announced its interim results for the six months ending in June, with operating revenue of RMB 3.895 billion, a year-on-year decrease of 3.6%. The net profit attributable to shareholders was RMB 1.448 billion, an increase of 5.9%, with earnings per share of 49 cents. No dividend was declared

    AASTOCKS·
    HK
    00696
    -0.28%
    AASTOCKS·
    HK
    00696
    -0.28%
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