Ruqi Travel reported a total revenue of 1.037 billion yuan in the first half of 2024, marking a 13.6% increase year-over-year. Travel service revenue grew by 11.1%, while technology service revenue surged by 175.8%. The company’s gross profit margin increased by 59.7% compared to the previous year, and the platform’s registered passengers reached 33.8 million, a 56.5% increase from the same period in 2023. This marks the first earnings report since the company’s listing on the Hong Kong Stock Exchange on July 10.
Source: GAC Group (August 29, 2024, 22:38)
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