Ctrip's net profit of 31 million dollars fell 24% year-on-year

News and technology information Beijing time February 1, Ctrip released today as at December 31, 2012 of the fourth quarter and the year without the audit earnings. Earnings showed that Ctrip's net profit to shareholders in the quarter was 193 million yuan (about 31 million U.S. dollars), down 24% per cent, net revenue of 1.1 billion yuan (about 177 million USD), and 19% per cent year-on-year.

Earnings showed that Ctrip's operating profit for the quarter was 120 million yuan (about 19 million U.S. dollars), down 48% per cent year-on-year. Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip's operating profit for the quarter was 234 million yuan (about 38 million U.S. dollars), down 28% from a year earlier.

2012 Ctrip Gross Profit margin was 75%, lower than the same year's 77%.

Major data on quarterly results

Ctrip's net revenue for the quarter was 1.1 billion yuan (about 177 million U.S. dollars), an increase of 19% per cent year-on-year. Ctrip previously expected net revenue for the fourth quarter to rise 15% to 20% year-on-year.

Ctrip's gross profit margin for the quarter was 74%, down from 76% a year earlier.

Ctrip's operating profit for the quarter was 120 million yuan (about 19 million U.S. dollars), down 48% per cent year-on-year. Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip's operating profit for the quarter was 234 million yuan (about 38 million U.S. dollars), down 28% per cent year-on-year.

Ctrip's operating profit margin for the quarter was 11%, down from 25% a year earlier. Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip's operating profit margin for the quarter was 21%, a year earlier, 35%.

Ctrip's net profit, which was attributable to shareholders in the quarter, was 193 million yuan (about 31 million U.S. dollars), down 24% per cent year-on-year. Excluding equity incentive payments (not in accordance with US GAAP), Ctrip's net profit to shareholders in the quarter was 306 million yuan (about 49 million U.S. dollars), down 12% per cent year-on-year.

Ctrip the U.S. depository receipts for each share of the quarter was 1.38 yuan (about 0.22 U.S. dollars). Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip the U.S. depository receipts for each share of the quarter is 2.17 yuan (about 0.35 U.S. dollars).

Ctrip the equity award in the quarter of 114 million yuan (about 18 million U.S. dollars), in net revenue accounted for 10%, equivalent to the U.S. depository receipts per share of the expenditure of RMB 0.80 yuan (about 0.13 U.S. dollars).

Main data of 2012 year performance

Ctrip 2012 net revenue of 4.2 billion yuan (about 688 million U.S. dollars), the year-on-year growth of 19%.

Ctrip 2012 Gross profit margin of 75%, lower than the same year's 77%.

Ctrip 2012 operating profit of 655 million yuan (about 105 million U.S. dollars), the year-on-year decline of 39%. Excluding equity incentive payments (not in accordance with U.S. General Accounting standards), Ctrip 2012 operating profit of 1.1 billion yuan (about 174 million U.S. dollars), a year-on-year decline of 23%.

Ctrip's 2012 operating profit margin was 16%, down from 30% a year earlier. Excluding equity incentive payments (not in accordance with U.S. General Accounting standards), Ctrip 2012 operating profit margin of 26%, a year earlier was 40%.

Ctrip's net profit, which was attributable to shareholders in 2012, was 714 million yuan (about 115 million U.S. dollars), down 34% per cent year-on-year. Excluding equity incentive payments (not in accordance with US general accounting standards), Ctrip's net profit for shareholders in 2012 was 1.1 billion yuan (about 184 million U.S. dollars), down 19% per cent year-on-year.

Ctrip 2012 per share of the United States depository Receipts diluted income of 4.98 yuan (about 0.80 U.S. dollars). Excluding equity incentive payments (not in accordance with United States General accounting Standards), Ctrip 2012 per share of the United States depository receipts diluted earnings of 7.97 yuan (about 1.28 U.S. dollars).

Ctrip 2012 Equity incentive expenditure of 432 million yuan (about 69 million U.S. dollars), in net revenue accounted for 10%, equivalent to each share of the United States depository voucher expenditure of 2.99 yuan (about 0.48 U.S. dollars).

Financial data for the quarter and the year

Ctrip's total revenue for the quarter was 1.17 billion yuan (about 187 million U.S. dollars), up 18% year-on-year, down 6% from the previous quarter.

Ctrip 2012 total revenue of 4.4 billion yuan (about 708 million U.S. dollars), an increase of 18% per cent,

Ctrip's revenue from hotel bookings was 468 million yuan (about 75 million US dollars) in the quarter, up 17% Year-on-year, up 2% from the previous quarter. Ctrip Hotel Reservation business revenue year-on-year growth, mainly due to the hotel reservation volume increased by 36%, partly offset the 14% per room booking commission of the impact of the decline.

Ctrip 2012 revenue from the hotel reservation business was 1.7 billion yuan (about 273 million U.S. dollars), an increase of 15%. Ctrip 2012 Hotel Reservation business revenue accounted for 39% of the company's total revenue, and 2011 this ratio was 40%.

Ctrip Quarterly ticket booking business revenue of 447 million yuan (about 72 million U.S. dollars), an increase of 18%, compared to the last quarter of 7%. Ctrip Air ticket booking business revenue year-on-year growth, mainly because the volume of ticket bookings increased by 22% Year-on-year, Ctrip ticket booking business revenue chain decline, mainly affected by seasonal factors.

Ctrip 2012 revenue from the booking business was 1.7 billion yuan (about 271 million U.S. dollars), an increase of 18%. Ctrip 2012 Air Ticket booking business revenue accounted for 38% of the company's total revenue, 2011 this ratio of 39%.

Ctrip's fourth-quarter holiday revenues were 166 million yuan (about 27 million US dollars), up 27% per cent year-on-year, down 26% from the previous quarter. Ctrip the fourth quarter of the year's revenue growth in holiday products, mainly due to the increase in the number of leisure tourism, Ctrip holiday product revenue chain decline, mainly affected by seasonal factors.