Changes in Hong Kong stocks | China Travel Service Hong Kong (00308) falls by more than 4%. The profit attributable to shareholders in the interim is expected to exceed HK$80 million and the tourism real estate business has been split from the group

The Zhitong Finance App learned that Hong Kong China Travel Service (00308) fell by more than 4%. As of press release, it was down 4.55% to HK$1.155, with a turnover of HK$12.75 million.

According to the news, on August 13, China Travel Service of Hong Kong issued an announcement. Compared with losses attributable to shareholders of HK$87 million for the six months ended June 30, 2025, the Group's consolidated results for the six months ended June 30, 2026 are expected to record profits attributable to shareholders of over HK$80 million.

The Board of Directors believes that the six months ended June 30, 2026 were mainly due to the Group's divestment of the tourism real estate business from the Group on December 22, 2025 through the completion of physical distribution, to achieve a continuous loss; the Group completed acquisitions of Jilin Songhua Lake International Resort Development Co., Ltd. and China Travel (Beijing) Ice and Snow Sports Development Co., Ltd. on October 27, 2025, brought new revenue growth points to the Group; and the effective implementation of the strategy helped the Group to significantly improve its operating performance.