TravelSky Announces 2018 Interim Results; Total Revenue up 12.7 % to RMB3,521.7 Million

Steady Improvement and Maintain High Quality Development

HONG KONG – (ACN Newswire) –¬†TravelSky Technology Limited (“TravelSky” or the “Group”; HKEX stock code: 00696), a leading provider of information technology solutions for China’s aviation and travel industries, announced its unaudited interim results for the six months ended 30 June 2018.

In 2018, the total revenue of TravelSky amounted to RMB3,521.7 million, representing an increase of 12.7% year-on-year. Profit before taxation increased 14.4% to RMB1,639.1 million. Profit attributable to the equity holders of the Company increased 13.2% to RMB1,347.5 million. Basic and diluted earnings per share were RMB0.46.

During the period under review, revenue of aviation information technology (“AIT”) services increased by 7.5% to RMB2,042.5 million, accounting for 58.0% of the total revenue. Revenue of accounting, settlement and clearing services increased by 7.4% to RMB292.3 million, accounting for 8.3% of the total revenue. Revenue of system integration services increased by 67.4% to RMB386.1 million, accounting for 11.0% of the total revenue. Revenue of data network and others increased by 11.1% to RMB800.9 million, accounting for 22.7% of the total revenue.

For AIT services, benefitted from the robust demand in China’s aviation market as a whole, the Group’s Electronic Travel Distribution (ETD) system 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% and 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%.

In the first half of 2018, apart from actively expanding its customer base among domestic and overseas commercial airlines, the Group also further improved the aviation information technology and its extended services, with an aim to strongly support the demand of commercial airlines for the information technology solutions on travel convenience, e-commerce, auxiliary services and internationalization. As a strategic partner of the Fast Travel Project of International Air Transport Association (IATA), 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 the self-developed mobile application, “Umetrip”, has witnessed stable growth. In the first half of 2018, the Group provided full-process convenient clearance technology solutions for China’s commercial airlines, to help improve their passengers’ experiences in various stages, such as, security check and boarding. The “aviation information inquires” realized civil aviation passenger paperless convenient clearance business and has been put into use in more than 100 airports in China.

For accounting, settlement and clearing services, the Group continued to consolidate and expand the market of accounting, settlement and clearing services, and the research and development and the operation of the relevant systems commenced as schedule. 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 accounting, settlement and clearing system and approximately 191.8 million BSP tickets processed with BSP data processing services. In the same period, passenger, cargo and mail sales, miscellaneous fees as well as international and domestic clearing amount processed with the system amounted to approximately USD5.0 billion, and the transaction amount of the electronic payment system was approximately RMB45.3 billion.

For airport information technology services, the Group put greater efforts in marketing, researching and developing the airport information technology service products and actively participated in the airport information system construction projects of domestic airports while persistently reinforcing its market share in the traditional departure front-end service product market. 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. The preparation and implementation of production system deployment of Beijing new airport project are completed according to schedule. Airport Shared Connectivity and Integration (ASCII) has been extended to 15 airports, including new, renovated and expanded airports covering Ningbo Airport and Chongqing Airport. Face recognition system has been put into use in 66 airports including Guangzhou, Qingdao and Harbin.

Mr. Cui Zhixiong, the Chairman of TravelSky said, “Looking forward to the second half of 2018, the Group will based on its development goal, “to establish a worldleading integrated information service company”, be centered on its established development strategy, continued to make progress while maintaining stable performance, and kept following high-quality development requirements. Meanwhile, the Group also focused on enhancing its abilities, making up for its weaknesses and attaching great importance to implementation. The Group made preparations for doing well in major security work, strengthened production security and laid a solid foundation for high-quality development. In addition, the Group also focused on optimizing market layout, promoted business development and strengthened the advantages of high-quality development. The Group continued to perfect its infrastructure, sped up technological innovation and explored high-quality development potentials. At the same time, the Group also carried out in phases major reforms, improved management efficiency and strengthened the drivers for high-quality development.”

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