证券时报e公司讯，1月2日，众信旅游发布的2025年春节出游趋势报告显示，目前，2025年春节市场收 客已接近尾声，除免签、短途及国内目的地还在持续报名收客中，长线目的地产品收客已超85%。 春节整体团队量较2024年同期增加了30%，出游人数增长46%。 ...

优耐德旅游总经理张磊在会上表示，优耐德旅游一年来取得了营业收入同比增长143%的好成绩。 展望2025年，优耐德旅游将坚持创新，打造成为从提供旅游服务到提供情绪价值的旅游品牌。 据悉，优耐德旅游是众信旅游旗下最早开展出境游批发业务的旅行社之一。 证券时报e公司讯，据众信旅游(002707)消息，近日，众信旅游集团全资子公司优耐德旅游举行发布 会。 ...

众信旅游(002707) / 旅游及景区 / 公司点评 / 2024.11.07 出境游业务稳步修复，线下门店有望加速 因 投资评级:增持(维持) | --- | --- | |-------------------|------------| | 基本數据 | 2024-11-06 | | 收盘价(元) | 7.67 | | 流通股本(亿股) | 8.25 | | 每股净资产(元) | 0.90 | | 总股本(亿股) | 9.83 | | 最近 12月市场表现 | | 189 刘洋 分析师 SAC 证书编号: S0160521120001 liuyang()1@ctsec.com 相关报告 核心观点 ■ 证券研究报告 8 事件：公司发布 2024 年三季报。公司 2024 年前三季度实现收入 47.23 亿 元，同比增长 130.05%；实现归母净利润 1.23 亿元，同比增长 773.86%。 i 国庆假期预定情况延续高增态势。根据众信旅游集团十一黄金周出游趋势 报告,截止9月5日,从众信旅游集团 2024年十一黄金周假期国内、国外综 合报名情况来看,产品丰富度较去年同期提升约 50%,众信旅游约增加了 ...

2024 年 11月 01 日 众信旅游 (002707. SZ) 出境游复苏拉动增长,数字化布局加速 推进 目公司发布 2024年第三季度报告: (1) 2024 年前三季度，公司实现营业收入 47. 23 亿元/+130.05%, 主要系公司业务量增长较快;实现归母净利润 1.23 亿元/+773.86%, 扣非归母净利润 1.18 亿元/+1055.73%:经营活动产生的现金流量净 额为 4.94亿元/+344.78%,主要系公司所处行业发展形势良好,客户 回款及预收款情况较好。 (2) 2024Q3，公司实现营业收入 21.06 亿元/+67.06%，归母净利润 0.52 亿元/+6.31%，扣非归母净利润 0.51 亿元/+8.74%。 目毛利率稳中有升，费用端较为稳定: (1) 2024 前三季度公司毛利率 13.04%/+1.55pcts， 销售/管理及研 发费用率分别为 7.50%/1.91%,同比+0.33pct/-1.70pcts,归母净利 率 2.60%/+1.92pcts。 (2) 2024Q3 公司毛利率 13.01%/+1.12pcts, 销售/管理及研发费用 率分别为 7.61% ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of CNY 9.00, up from the previous target of CNY 7.92 [4] Core Views - The Q3 2024 performance met expectations, with further recovery potential in East Asia and Southeast Asia [1] - The company is expected to benefit from industry consolidation and continue to focus on retail expansion [2] - Revenue recovery is on track, with Europe outperforming East Asia and Southeast Asia [2] - The company's profit margin is expected to stabilize between 2-3%, returning to normal levels [2] Financial Performance - Q3 2024 revenue reached CNY 2.106 billion, up 67.06% YoY, representing 54.8% of 2019 levels [2] - Net profit attributable to shareholders was CNY 51.73 million, up 6.31% YoY [2] - For the first three quarters of 2024, cumulative revenue was CNY 4.723 billion, up 130.05% YoY, representing 49.26% of 2019 levels [2] - Net profit margin for Q3 2024 was 2.62%, down from 4% in Q3 2023, reflecting a return to normal levels [2] Market and Industry Analysis - The company's market share has increased due to industry consolidation [2] - European destinations have recovered better than Asian ones, with Thailand and Japan lagging behind [2] - The company is expected to achieve a steady-state profit margin higher than pre-2019 levels through operational efficiency and staff optimization [2] - The company plans to expand its retail channels using a franchise model to strengthen its market position and brand recognition [2] Financial Forecasts - Revenue for 2024/25/26 is forecasted to be CNY 6.972 billion, CNY 9.508 billion, and CNY 11.219 billion, respectively [3] - Net profit attributable to shareholders for 2024/25/26 is expected to be CNY 168 million, CNY 241 million, and CNY 290 million, respectively [3] - EPS for 2024/25/26 is projected to be CNY 0.17, CNY 0.25, and CNY 0.29, respectively [3] Valuation Metrics - The company's PE ratio for 2024 is 45.40x, expected to decrease to 31.70x in 2025 and 26.40x in 2026 [3] - The PB ratio for 2024 is 7.78x, expected to decrease to 6.25x in 2025 and 5.05x in 2026 [9] - The PS ratio for 2024 is 1.10x, expected to decrease to 0.80x in 2025 and 0.68x in 2026 [9]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's Q3 performance aligns with forecasts, with international passenger traffic continuing to recover [1] - Q3 revenue reached 55% of 2019 levels, with a significant year-over-year increase in both revenue and net profit [2] - The company's profitability is expected to be supported by the National Day holiday and off-peak travel products in Q4 [3] - As a leading domestic outbound travel operator, the company is well-positioned to benefit from the recovery of the outbound travel market [4] Financial Performance - Q1-Q3 2024 revenue was 4,723 million yuan, up 130% year-over-year, with net profit attributable to shareholders of 123 million yuan, up 774% year-over-year [2] - Q3 2024 revenue was 2,106 million yuan, up 67% year-over-year, with net profit attributable to shareholders of 52 million yuan, up 6% year-over-year [2] - Gross margin for Q3 2024 was 13.0%, up 1.2 percentage points year-over-year, while net margin was 2.5%, down 1.4 percentage points year-over-year [2] - The company's revenue is expected to grow from 6,818.53 million yuan in 2024E to 12,467.32 million yuan in 2026E, with net profit attributable to shareholders increasing from 165.74 million yuan in 2024E to 289.34 million yuan in 2026E [1] Market and Industry Trends - International passenger traffic at major airports in Beijing, Shanghai, and Guangzhou has shown significant recovery compared to 2019 levels [3] - The outbound travel market is expected to accelerate its recovery as international flights and destination visas gradually return to normal [3] - The company's "Huiwan Season" product series, targeting travel from mid-October 2024 to January 2025, has achieved nearly 80% sales as of October 14, 2024 [3] Valuation and Forecasts - The company's PE ratio is expected to decrease from 46.43 in 2024E to 26.59 in 2026E [1] - Adjusted net profit forecasts for 2024-2026 are 170 million yuan, 230 million yuan, and 290 million yuan, respectively [4] - The company's EPS is projected to increase from 0.17 yuan in 2024E to 0.29 yuan in 2026E [1] Financial Metrics - The company's total assets are expected to grow from 2,788 million yuan in 2024E to 3,631 million yuan in 2026E [10] - Net profit margin attributable to shareholders is forecasted to increase from 2.43% in 2024E to 2.32% in 2026E [10] - ROE (diluted) is expected to rise from 17.93% in 2024E to 20.07% in 2026E [11]

众信旅游集团股份有限公司 2024 年第三季度报告 股票简称：众信旅游 股票代码：002707 公告编号：2024-043 众信旅游集团股份有限公司 2024 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|------------------------|------------------|------------------ ...

股票代码：002707 股票简称：众信旅游 公告编号：2024-042 一、本期业绩预计情况 | --- | --- | --- | --- | |------------------------------------------------|-------------------------------------------------------------------------------|--------|------------------| | | | | | | | | | | | 项目 | 前三季度（ 2024 年 1 月 1 日 -2024 年 9 月 30 日） | | 上年同期 | | 归属于上市公司股东 的净利润 | 盈利： 11,500 万元 -13,500 万元 比上年同期增长： 713.72% 至 855.23% | 盈利： | 1,413.27 万 元 | | 归属于上市公司股东的 扣除非经常性损益的净利 润 | 盈利： 10,500 万元 -12,500 万元 比上年同期增长： 927.86% 至 1,123.64% | 盈利： | 1,021.54 万 元 | | 基 ...

证券代码：002707 证券简称：众信旅游 编号：2024-002 | --- | --- | --- | --- | |-------------------------------|---------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

本报告仅供 Choice 东方财富 使用，请勿传阅。 2024 年 09 月 02 日 众信旅游(002707.SZ) Q2 业绩表现亮眼，旅游市场持续复苏 公司发布 2024 年半年度报告： （1）2024 年上半年，公司实现营业收入 26.17 亿元/+230.25%，主 要系公司业务量增长较快；实现归母净利润 0.72 亿元/+307.90%，扣 非归母净利润 0.67 亿元/+282.08%；经营活动产生的现金流量净额为 4.21 亿元/+9780.34%，主要系客户回款及预收款情况较好。 （2）2024Q2，公司实现营业收入 15.92 亿元/+143.25%，实现归母净 利润 0.44 亿元/+1369.27%，实现扣非归母净利润 0.39 亿元 /+1725.11%。 毛利率有所提升，降本增效扭亏为盈： （1）2024 上半年公司毛利率 13.07%/+2.06pcts，销售/管理及研发 费用率分别为 7.42%/1.90%，同比-3.52pcts/-3.72pcts，净利率实 现 2.74%/+7.10pcts，降本增效成果显著，净利率同比转正。 （2）2024Q2 公司毛利率 11.90%/ ...