Home > > TravelSky reports net profit of RMB 551.3 million in 2021, up by 52% yoy

TravelSky reports net profit of RMB 551.3 million in 2021, up by 52% yoy

03/25/2022| 11:45:18 AM| ChinaTravelNews 中文

Aviation information technology service revenue decreased by 14.7% to RMB2,127.5 million in Year 2021.

Chinese airline information technology provider TravelSky reported the total revenue amounted to approximately RMB5,476.2 million, representing a decrease of approximately 0.2% over Year 2020.

Aviation information technology service revenue represented 38.8% of the Group’s total revenue in Year 2021, as compared to 45.5% for Year 2020. Aviation information technology service revenue decreased by 14.7% from RMB2,495.5 million in Year 2020 to RMB2,127.5 million in Year 2021. 

System integration service revenue accounted for 25.1% of the Group’s total revenue in Year 2021, as compared to 21.5% for Year 2020. System integration service revenue increased by 16.6% from RMB1,178.0 million in Year 2020 to RMB1,373.1 million for Year 2021. 

The net profit attributable to shareholders of the parent company amounted to approximately RMB551.3 million, representing an increase of approximately 52.0% over Year 2020.

The revenue and operating results of the Group mainly came from the Group’s operations in China. For Year 2021, profit before taxation of the Group was approximately RMB663.9 million, representing an increase of approximately 111.3% over that in the year ended December 31, 2020. 

In 2021, the processed system capacity of the Group’s electronic travel distribution (ETD) system on domestic and overseas commercial airlines was approximately 432.7 million, representing an increase of approximately 5.0% over the same period in 2020. 

The number of foreign and regional commercial airlines with direct links to the CRS system of the Group reached 152, with sales percentage through direct links reaching approximately 99.9%. 

In 2021, there were approximately 840 million transactions processed with the Group’s accounting, settlement and clearing system.

As at December 31, 2021, cash and cash equivalents of the Group amounted to RMB6,339.2 million, of which 95.4%, 3.9% and 0.3% were denominated in Renminbi, U.S. dollar and new Taiwan dollar, respectively.

TAGS: TravelSky | financial result
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