The board of directors of TravelSky Technology presented the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2018.
The total revenue of the Group in the first half of 2018 amounted to RMB3,521.7 million, representing an increase of RMB398.2 million or 12.7% from RMB3,123.5 million in the first half of 2017. Such increase in total revenue was mainly attributable to the increase in the business volume of the Group.
For the first half of 2018, the Group achieved a profit before tax of RMB1,639.1 million, representing an increase of 14.4% compared to the first half of 2017.
Earnings before interest and tax, depreciation and amortization (EBITDA) amounted to RMB1,842.9 million, representing an increase of 12.9% compared to the first half of 2017.
Profit attributable to equity holders of the Company was RMB1,347.5 million, representing an increase of 13.2% compared to the first half of 2017.
Revenue from aviation information technology service represented 58.0% of the Group’s total revenue in the first half of 2018, as compared to 60.8% in the first half of 2017. Revenue from aviation information technology service increased by 7.5% to RMB2,042.5 million in the first half of 2018 from RMB1,900.1 million in the first half of 2017.
Revenue from accounting, settlement and clearing services accounted for 8.3% of the Group’s total revenue in the first half of 2018, as compared to 8.7% for the first half of 2017. Revenue from accounting, settlement and clearing services increased by 7.4% to RMB292.3 million in the first half of 2018 from RMB272.2 million for the first half of 2017.
Revenue from system integration service accounted for 11.0% of the Group’s total revenue in the first half of 2018, as compared to 7.4% for the first half of 2017. Revenue from system integration service increased by 67.4% to RMB386.1 million in the first half of 2018 from RMB230.7 million for the first half of 2017.
Revenue from data network and other revenue accounted for 22.7% of the Group’s total revenue in the first half of 2018, as compared to 23.1% for the first half of 2017. Revenue from data network and other revenue increased by 11.1% to RMB800.9 million in the first half of 2018 from RMB720.5 million for the first half of 2017.
The Electronic Travel Distribution (ETD) system (including Inventory Control System (ICS) services and Computer Reservation System (CRS) services) has processed approximately 312.9 million flight bookings on domestic and overseas commercial airlines, representing an increase of approximately 11.4% over the same period in 2017. Among which, the processed flight bookings on commercial airlines in China increased by approximately 11.8%, while those on foreign and regional commercial airlines increased by approximately 1.6%. The number of foreign and regional commercial airlines using the Group’s Airport Passenger Processing (APP) system service, multi-host connecting program service and the self-developed Angel Cue platform connecting service also increased to 132, with approximately 9.2 million of passenger departures processed in 105 airports. Meanwhile, the number of foreign and regional commercial airlines with direct links to the Group’s Computer Reservation System (CRS) increased to 144 with the sales percentage through direct links increased to approximately 99.8%.
The self-developed self-help luggage check-in processing system has already been put into operation in 26 airports for a number of commercial airlines in China. The commonly used self-service checkin system (CUSS), the Company’s self-developed product that conforms to IATA standards, has been launched in 150 major domestic and overseas airports, and the online check-in service has been applied in 269 airports at home and abroad. Such products and services, together with the mobile check-in service and the SMS check-in service, processed a total of approximately 140.0 million departing passengers. The number of users of its self-developed mobile application, Umetrip, has witnessed stable growth.
The BSP Online Payment Platform (BOP) has added a new distribution capability (NDC) real-time settlement service, which has enabled the NDC technical standard to be applied to the payment channel for the first time, and the service has been promoted to Hong Kong Airlines Limited. In the first half of 2018, there were approximately 461.6 million transactions processed with its accounting, settlement and clearing system and approximately 191.8 million BSP tickets processed with its BSP data processing services.
With a dominance in the middle-sized and large-sized airports in China, the new-generation APP departure front-end system facilitated commercial airlines to provide check-in, transit and connecting flight services to passengers in 157 overseas or regional airports, processing approximately 20.9 million passenger departures, accounting for approximately 90.7% of overseas returning passengers of commercial airlines in China.
