Ctrip net profit of 19 million USD

Absrtact: May 8, Ctrip released today the first quarter of fiscal year 2014 as at March 31 without the audit results. Earnings showed that Ctrip's net revenue for the first quarter was 1.6 billion yuan (about 254 million U.S. dollars), up 36% from the same period last year;

May 8 News, Ctrip released today, as of March 31, the first quarter of the fiscal year 2014 without the audit earnings. Earnings showed that Ctrip's net revenue for the first quarter was 1.6 billion yuan (about 254 million U.S. dollars), a 36% increase from a year earlier, and a net profit attributable to shareholders of 115 million yuan (about 19 million USD), down 25% from a year earlier.

2014 First quarterly results summary:

Ctrip's net revenue for the first quarter of 2014 was 1.6 billion yuan (about 254 million U.S. dollars), up 36% from a year earlier, up from 25% to 30% per cent year-on-year growth.

Ctrip gross margin was 72% in the first quarter of 2014, compared with 74% in the same period in 2013.

Ctrip's operating profit for the first quarter of 2014 was 71 million yuan (about 11 million U.S. dollars), down 56% from a year earlier. Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip's operating profit for the first quarter of 2014 was 193 million yuan (about 31 million U.S. dollars), down 29% from a year earlier.

Ctrip's operating profit rate was 4% in the first quarter of 2014, compared with 14% in the same period in 2013. Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip's operating profit rate for the first quarter of 2014 was 12%, compared with 23% in the same period in 2013.

The net profit attributable to Ctrip shareholders in the first quarter of 2014 was 115 million yuan (about 19 million U.S. dollars), down 25% from a year earlier. Excluding equity incentive payments (not in accordance with US general accounting standards), the net profit attributable to Ctrip shareholders in the first quarter of 2014 was 237 million yuan (about 38 million U.S. dollars), down 11% from a year earlier.

Ctrip in the first quarter of 2014, the U.S. depository receipts were diluted at 0.75 yuan (about 0.12 U.S. dollars). Excluding equity incentive payments (not in accordance with United States General accounting Standards), Ctrip in the first quarter of 2014, the United States depository receipts for a thin income of 1.52 yuan (about 0.24 U.S. dollars).

Ctrip in the first quarter of 2014, the total amount of equity incentive expenditure amounted to RMB 122 million (about 20 million U.S. dollars), accounting for 8% of net operating income, the impact of the U.S. depository receipts in the first quarter of 2014 was RMB 0.77 (about 0.12 USD).

"We are very pleased to announce that Ctrip achieved outstanding results in the first quarter of 2014," said Liang Jianzhang, chairman and chief executive officer of Ctrip's board. "In the near future, we have extended our original hotel reservation and ticket booking service to accommodation reservations and transportation ticketing services." Both operations accelerated in the first quarter of 2014, with volume growth of 67% and 71% per cent year-on-year. Mobile phone turnover in the first quarter was higher than four times times the same period in 2013, the peak value of daily turnover exceeded 150 million yuan. Mobile channels have surpassed the Internet online channels, become Ctrip booking the most important platform. On average, about 40% of the first-quarter hotel transactions were completed via mobile channels, with a peak value of 60% per day. We are also very proud of the new business start to get the industry leader: Ctrip strategy in the first quarter of the daily average UV growth of more than 300%, has become China's leading travel information Community class site.

In addition, we have recently invested in the same process network as its second largest shareholder, and as one of the major investors in the IPO process of the cattle network, he has invested in the bull. As the leader of China's online and mobile travel market, we are confident in the great potential of the travel industry. The same way network in the field of ticket distribution leader in the market, the way cattle network in the field of leisure tourism strength extraordinary. Ctrip is looking forward to working with the industry to create greater value for our guests and partners, as well as contributing to the healthy and vigorous development of China's tourism sector. ”