China Travel International Investment Hong Kong Limited (China Travel HK; 00308) has issued a profit warning for the financial year ended 31 December 2025. Based on preliminary, unaudited management accounts, the Group expects to post a loss attributable to shareholders exceeding HK$250.00 million, reversing from a HK$106.00 million profit recorded in FY2024. Final results are scheduled for release on 31 March 2026.

Management attributes the anticipated loss to four main factors: 1. Provision for impairment on tourism real-estate assets and equity interests distributed through a 2025 distribution in specie. 2. Reclassification of one-time accumulated exchange differences related to the same distribution in specie. 3. Decline in fair values of investment properties amid market fluctuations. 4. Deconsolidation of the disposed assets and associate interests following completion of the distribution in specie by 31 December 2025.

Operational indicators remain positive. From January to February 2026, combined visitor traffic at the Group’s scenic spots and resort destinations, as well as passenger volumes in the transportation segment, rose year on year, while hotel operations stayed stable. The October 2025 acquisitions of Jilin Songhua Lake International Resorts Company Limited and China Travel (Beijing) Bingxue Sports Development Co., Ltd. have begun contributing incremental growth.

The Board stated that the Group’s overall operations and financial position remain solid and that it will continue to refine its business portfolio for steady development. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.