Zhitong Financial APP News, Hong Kong China Travel Service (00308) announced its annual results for the year ended December 31, 2021. The group earned HK $3.648 billion in revenue, an increase of 85.48% over the same period last year. The profit attributable to the company's equity holders was HK $174 million, compared with a loss of HK $391 million in the same period last year.

Due to the easing of the COVID-19 epidemic and the rapid recovery of tourist reception in the mainland, the group's total revenue from tourist attractions and related businesses in 2021 was HK $3.005 billion, an increase of 134 per cent over the previous year, and its attributable profit was HK $472 million, an increase of 1587 per cent over the previous year.

The group's cash flow continues to be stable and abundant, its debt level is stable and controllable, and its financial position continues to be healthy. As of December 31, 2021, cash and bank balances were HK $3.074 billion, total assets were HK $25.808 billion and the debt-to-capital ratio was 30 per cent.

The company is cautious about its future development prospects and will continue to monitor the control of the epidemic and assess its potential risks and impact on the financial and business prospects of the Group. The fundamentals of the group's overall business remain sound and sound, the capital is relatively abundant, and the company has the strength and ability to invest and develop. the company will spare no effort to complete various tasks and promote the deepening of reform and integrated development of the group. it will also pay close attention to appropriate growth opportunities, expand medium-and long-term income sources, and create greater value for shareholders.