Sinorama announces the fiscal year 2017 results



On April 17, 2018, Sinorama Corporation (Stock Symbol: SNNN) announced its financial result for the year ended December 31, 2017. “Sinorama Corporation had a strong performance this year with the revenue increased 27% than last year, the total revenue was $98.27 million”, said QIAN HONG, Chairman of Sinorama.

Financial Summary for the year ended December 31, 2017 and 2016


Sinorama Corporation reported consolidated revenues of $98.27 million for the year ended December 31, 2017, an increase of 27% compared to the year ended December 31, 2016. The increase was primarily in the Asian Tours sector, as a result of the increase in the number of customers to 37.28 thousand customers, an increase of 9.01 thousand as compared with the number of 28.27 thousand for the year ended December 31, 2016. The revenue increase of Asia tour reached $14.78 million or 27%.

Bus Tours reported the largest percentage of revenue growth, 48% (or $4.58 million) from 2016 to 2017. In addition, the advertising investment in 2017 has increased the company’s market share, which has led to a substantial increase in revenue. The advertising investment has increased $1.31 million or 26% for the year ended December 31, 2017 compared to $5.11 million for the same period of 2016.

Sinorama Corporation has launched the OTA mode, at the same time Sinorama Corporation has sent Chinese travelers to North America, Europe and Oceania. Revenues are expected to continue growing significantly in the next few years. Sinorama will establish a global service center in Montreal Canada. This center will support the Sinorama globalization strategy, help to improve efficiency and reduce cost, and control the service quality. So that it will help Sinorama to scale-up, globalize, and build a cohesive system of travel industrial chain.



Please note that the above information only reveals the data of Vacances Sinorama (Montreal) and Sinorama Voyages (Paris), check below for more information about Sinorama Corporation.

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Forward Looking Statement

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future operating performance, events, trends and plans. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. Such statements are not guarantees of future performance or events and we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances occurring after the date hereof.