Ctrip's net profit for the second quarter rose 41% from 52 million.

Sina Science and technology news Beijing time of August 1, Ctrip (NASDAQ:CTRP) today announced the second quarter of the 2013 fiscal year ended June 30, 2013 without the audit earnings. The second quarter, with Cheng receipts for 203 million U.S. dollars, an increase of 28% per cent, excluding equity remuneration costs of the net profit of 52 million U.S. dollars, the year-on-year growth of 41%.

2013 Second quarter Results summary:

In the second quarter of 2013, net operating income was 1.2 billion yuan (USD 203 million), which grew 28%.

Gross margin was 75% in the second quarter of 2013, flat against the same period in 2012.

Operating profit in the second quarter of 2013 was 196 million yuan (USD 32 million), which grew 17% per cent year-on-year. In the second quarter of 2013, the operating profit was 307 million yuan (USD 50 million), which grew 11% per cent.

The operating profit rate for the second quarter of 2013 was 16%, compared with a 2012-year period of 17%. The operating profit rate for the second quarter of 2013 was 25%, excluding the return on equity costs, compared with 28% in the same period in 2012.

In the second quarter of 2013, the net profit attributable to Ctrip shareholders was 210 million yuan (USD 34 million), up 76%. If the cost of equity remuneration, the second quarter of 2013 attributable to Ctrip shareholders net profit of 322 million yuan (52 million U.S. dollars), an increase of 41%.

In the second quarter of 2013, the profit of 1.47 yuan (0.24 USD) was gained by diluting each depository voucher. In the second quarter of 2013, 2.23 yuan (USD 0.36) was earned on the diluted per depository voucher, excluding equity remuneration.

In the second quarter of 2013, total equity remuneration amounted to 111 million yuan (USD 18 million), which accounted for 9% of net operating income, and the effect on earnings per depository receipts in the second quarter of 2013 was 0.76 yuan (0.12 USD).

"We are delighted to see a strong growth in performance again in the second quarter of 2013," said Mr. Liang Jianzhang, Chairman and chief executive officer of Ctrip's board. "Mobile technology is rapidly changing the travel industry. Ctrip's mobile strategy is based on Ctrip's one-stop travel platform and is committed to providing travelers with the richest products, industry-leading service standards, and the most competitive prices. In the second quarter of 2013, Ctrip's wireless trading volume was three times times the same period last year, contributing more than 20% to hotel bookings and contributing about 15% of airline bookings. We are actively involved in the changes that are taking place in China's travel market, creating greater value for our customers and partners in more innovative ways. ”

Financial performance and business development in the second quarter of 2013

In the second quarter of 2013, Ctrip's total operating income was 1.3 billion yuan (215 million U.S. dollars), an increase of 28%. Total operating income grew by 7% in the second quarter of 2013.

In the second quarter of 2013, business receipts for hotel bookings were 511 million yuan (83 million U.S. dollars), an increase of 25%, the growth of which was mainly due to the increase in hotel bookings of 44% per cent year-on-year, and was offset by a decrease of 14% of each night income. The year-on-year decline in income per night was mainly influenced by promotional activities. Hotel bookings increased by 13% in the second quarter of 2013.

In the second quarter of 2013, the airline booked 522 million yuan (85 million U.S. dollars), an increase of 29%, the growth mainly from the ticket booking volume of 34% year-on-year growth, and by each ticket income 6% per cent year-on-year decline offset. In the second quarter of 2013, airline bookings increased by 14% on a month-on-month basis.

In the second quarter of 2013, the business income of tourism and vacation was 187 million yuan (USD 30 million), which grew 40%, and the growth was mainly from the growth of leisure tourism reservation. In the second quarter of 2013, the business receipts of tourism and holiday businesses decreased by 20%, and the decrease was mainly affected by seasonal factors.

In the second quarter of 2013, the business income was 66 million yuan (USD 11 million), which grew 34%, and the growth was mainly derived from the growth of travel demand driven by travel activities. Business receipts Rose 29% in the second quarter of 2013, mainly affected by seasonal factors.

In the second quarter of 2013, net operating income was 1.2 billion yuan (USD 203 million), which grew by 28%. Net operating income grew by 7% in the second quarter of 2013.

Gross margin was 75% in the second quarter of 2013, consistent with the same period in 2012, compared with 74% in the previous quarter.

In the second quarter of 2013, the cost of product development was 310 million yuan (50 million U.S. dollars), the growth of 49%, the chain growth of 16%, the main reason for the increase in product and business developers related costs and the increase in the cost of equity remuneration. Product development costs rose by 16% in the second quarter of 2013. Excluding equity pay, the second quarter of 2013 accounted for 22% of net turnover, up from 18% in the same period in 2012 and 20% in the previous quarter.

Sales and marketing costs for the second quarter of 2013 were 271 million yuan (44 million U.S. dollars), an increase of 25%, the main reason for the increase in marketing-related activities. Sales and marketing costs rose by 1% in the second quarter of 2013. Excluding equity pay, sales costs accounted for 21% of net turnover in the second quarter of 2013, compared with the same period in 2012, a slight decline compared with the previous quarter 22%.

In the second quarter of 2013, the management cost was 159 million yuan (USD 26 million), which grew by 14%, and the main reason for the growth was the increase in management related costs and equity remuneration. Management costs fell by 2% in the second quarter of 2013. Excluding equity remuneration, management costs accounted for 8% of net turnover in the second quarter of 2013, in line with the same period in 2012 and the previous quarter.

In the second quarter of 2013, operating profit of 196 million yuan (32 million U.S. dollars), an increase of 17% year-on-year growth of 22%. In the second quarter of 2013, the operating profit was 307 million yuan (50 million U.S. dollars), the increase of 11%, the chain growth of 13%.

The operating profit rate for the second quarter of 2013 was 16%, compared with 17% in the same period in 2012, compared with 14% in the previous quarter. Excluding equity remuneration, the operating profit rate for the second quarter of 2013 was 25%, down from 28% in 2012, and 23% per cent in the previous quarter.

In the second quarter of 2013, the effective tax rate was 27%, compared with a 45% decline in the same period in 2012, mainly because the dividend from the Chinese subsidiary to the Hong Kong company in the second quarter of 2012 would pay 5% of China's withholding tax. In the second quarter of 2013, the effective tax rate of income tax was lower than that of the last quarter, and the decrease was mainly affected by the reduction of the proportion of the deductible equity remuneration.

In the second quarter of 2013, the net profit attributable to Ctrip shareholders was 210 million yuan (USD 34 million), rising 76% and increasing by 37% in the chain. If it does not pay the share price, it belongs to the net profit of the Ctrip shareholder 322 million yuan (52 million US dollars), Rose 41%, the chain Rose 21%.

In the second quarter of 2013, the profit of 1.47 yuan (0.24 USD) was gained by diluting each depository voucher. In the second quarter of 2013, a profit of 2.23 yuan (USD 0.36) was gained by diluting each depository voucher.

As at June 30, 2013, the balance of cash and short-term investments was 6.7 billion yuan (USD 1.1 billion).

Mr. Zhangsuyang, an independent director of Ctrip, submitted his resignation to the board of directors and confirmed that he had resigned from the company. The Board approved the resignation of Mr. Zhangsuyang and entered into force on August 1, 2013. After Mr. Zhang leaves, the Ctrip board will be composed of six directors, of whom four are independent directors. Cheng Liang Jianzhang, chairman and chief executive officer of Ctrip, said: "As a member of Ctrip board, Mr. Zhangsuyang has been making outstanding contributions to ctrip since the beginning of Ctrip." We are deeply grateful for Su Yang's support, as always, and wish him every success in his future career. ”

Performance Outlook

Ctrip is expected to increase its annual net operating income by about percent in the second quarter of 2013. The forecast reflects the initial judgment made by Ctrip based on the current situation and the possibility of adjustment.

Conference

Ctrip management will be in the announcement, the United States Eastern Time July 31, 2013 8:00pm (that is, Shanghai/Hong Kong Time zone August 1, 2013 8:00am) convened a conference call.

Teleconferencing will be broadcast live and replayed on the Internet (URL http://ir.ctrip.com). The meeting will be maintained for 1 months on the above-mentioned web site.

Telephone dial to listen to the phone call live number: The United States toll-free number +1.800.219.3192, the international dial-in number is + 1.617.597.5412, the password is 445 529 Rhizopus. To register in advance, please click on the following URL:

Https://www.theconferencingservice.com/prereg/key.process?key=PDRKVPYFX

You can listen to the replay by telephone after the phone meeting is over until August 8, 2013. Telephone dial to listen to the phone call Replay number: U.S. toll-free +1.888.286.8010, international telephone +1.617.801.6888, password is 96778845.

About Ctrip Travel Network

Ctrip is China's leading hotel reservation, ticket booking, travel vacation and business trip Management Service company. Ctrip Comprehensive hotel and ticket information, for business and leisure travellers more efficient hotel and ticket booking to provide high-quality services. Ctrip also offers travel and holiday products including transportation, hotel and tour guides and other ancillary services. At the same time, Ctrip Travel management also to meet the company's customers business needs to provide effective management and services. Ctrip has developed rapidly since its inception in 1999 and has become one of the most famous travel service brands in China.