Absrtact: July 31, Ctrip announced the unaudited financial report for the second quarter ended June 30, 2014. Earnings showed that in the second quarter of 2014, with Chengying received 278 million U.S. dollars (about 1.7 billion yuan), an increase of 38% per cent, net profit of 22 million U.S. dollars (the United
July 31, Ctrip released the second quarter as of June 30, 2014, unaudited financial reports.
Earnings showed that in the second quarter of 2014, carrying Chengying received 278 million U.S. dollars (about 1.7 billion yuan), an increase of 38% per cent, net profit of 22 million U.S. dollars (about 135 million yuan), down 36%.
Revenue composition
Accommodation booking Business: Revenue of 121 million U.S. dollars (about 753 million yuan), an increase of 47%;
Traffic ticketing business: Revenue of 117 million U.S. dollars (about 726 million yuan), an increase of 39%.
Travel holiday business: Revenue of 33 million U.S. dollars (about 205 million yuan), an increase of 10%.
Business Travel Management: Revenue of 15 million U.S. dollars (about 90 million yuan), an increase of 37%.
Operating expenses
Product development costs: expenditure of 77 million U.S. dollars (about 479 million yuan), up 55% year-on-year;
Sales and marketing costs: expenditure of 77 million U.S. dollars (about 479 million yuan), up 77% year-on-year;
Management fee: Expenditure of 31 million U.S. dollars (about 194 million yuan), up 22% year-on-year.
Performance Outlook
Ctrip estimated that the third quarter of this year, the company's annual growth rate of revenue is about with.
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