On March 21, the same trip released its 2022 financial results。Financial data show that due to the epidemic and other factors, the same trip to 2022 full-year revenue decreased by 12.6% to 65.800 million yuan (RMB, the same below);.400 million yuan, a decrease of 24.6 per cent; net adjusted profit of 6.500 million yuan, a decrease of 50.6%。Full-year turnover was 122.7 billion, down 18% year-on-year..3%。In terms of business, in 2022, revenue from same-journey travel and accommodation booking services 24.1.5 billion yuan, basically flat in the same period;.7.9 billion yuan, a decrease of 24.2%。

In response, Tongcheng Travel said that the impact on the company's operating income was mainly due to the recurrence of the epidemic and the decline in demand for transportation tickets.。In its report, it said: 2022 will be another challenging year for China's tourism industry, with the epidemic having a serious impact on China's tourism market and tourism demand continuing to suffer.。

It is worth noting that, despite the impact of the epidemic, the same trip was profitable in four quarters of the year, with a net adjusted profit of 6.500 million yuan, showing strong vitality。In addition, the number of users traveling the same way increased compared to the pre-epidemic period.。In 2022, the number of annual paying users for the same journey will reach 1.900 million, up 23% from 2019; average monthly active users reached 2.300 million, up 13 percent from 2019.9%; average monthly paying users reached 29.7 million, up 10% from 2019.4%。

According to the report, as China's leading online travel platform, it has responded quickly to market changes, quickly implemented cost controls, and adhered to its consistent light operating model, effectively helping it tide over the challenging epidemic.。At the same time, it has effectively grasped the epidemic to accelerate the online penetration rate of tourism, continue to optimize products and services, continue to penetrate the sinking market.。Although China's tourism market has experienced great difficulties in this year, it has maintained its resilience and continued to grow with its solid market position, diversified traffic sources, outstanding innovation capabilities and keen market insight.。

After the earnings announcement, JPMorgan Chase released a research report saying that the bank and the management of the same trip have become more optimistic about the pace of the company's recovery and the outlook for market share growth, and that investor interest in the China reopening theme has reached a high level.。Xiao Mo predicts that the same journey this year's revenue will rise by about 40% compared to before the epidemic, the future compound growth rate may reach 15%, so the target price of the same journey from 16.HK $5 raised to 18.HK $5, corresponding to a forecast of about 17 times 2024 P / E, still maintaining a "neutral" rating.。

In addition, Citibank also published a research report, saying that the same trip outperformed its peers and that the hotel and transportation sector recovered stronger than expected earlier this year.。Citi raised its earnings forecast for this year and next by 14% and 4% respectively, and raised its target price to HK $23, maintaining its "buy" rating.。

3On January 22, boosted by earnings announcements and market confidence, the same trip rose 7% at the beginning of the session to 16.2 Hong Kong dollars。By the close, the same travel day rose 7.72% at 16.HK $74。