Hiseas International Tourism Group Submits HKEX Listing Application, Ranked World’s 3rd Largest Destination Management Service Provider

NewTimeSpace · 2026/06/30 17:48 · By Mingzhe Sun

NewTimeSpace News: Sichuan Hiseas International Travel Service Co., Limited submitted a listing application to The Stock Exchange of Hong Kong Limited on 30 June, with Dongxing Securities (Hong Kong) acting as the sole sponsor. According to a Frost & Sullivan report, based on 2025 revenue, the Group ranks third among all global destination management service providers and first among destination management service providers serving Asian tourist source markets. From 2023 to 2025, the Group’s revenue rose from RMB788 million to RMB2.144 billion, while net profit grew from RMB8.19 million to RMB61.07 million.

NewTimeSpace News: Sichuan Hiseas International Travel Service Co., Limited filed its listing application with HKEX on 30 June 2026, and Dongxing Securities (Hong Kong) Company Limited is appointed as the sole sponsor.

The Group is a global destination management company (DMC). It adopts digital and AI technologies in daily operations, offering packaged and customised group tours, experiential travel services and corporate outbound expansion services. Its service network covers Europe, Asia, North America, Oceania, the Middle East and Africa, with active expansion underway into Latin America.

Per Frost & Sullivan’s industry research, measured by revenue in 2025, the Group holds the third position across all global DMCs and takes the top spot among DMCs catering to Asian source markets.

On financial performance:

The Group’s revenue increased from RMB788 million in 2023 to RMB1.604 billion in 2024, and further climbed to RMB2.144 billion in 2025, with gross profit margins of 11.9%, 13.3% and 14.3% respectively.

Net profit for the respective years grew from RMB8.19 million in 2023 to RMB49.24 million in 2024, then to RMB61.07 million in 2025, corresponding to net profit margins of 1.0%, 3.1% and 2.9%.

Distinct from traditional DMCs, the Group integrates self-developed systems and AI technology into its full business chain and operates under an asset-light model.

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Hiseas IPO file a listing application