Q1 total revenue for 582.3 million yuan year-on-year growth of 56.4%

Absrtact: Beijing time May 7, the company submitted an IPO prospectus to the U.S. Securities and Exchange Commission (SEC) in Tuesday, revealing its first-quarter results in 2014. Supplementary documents show that in the first quarter ended March 31, 2014, the passers-by

Beijing time, May 7, the travel network to the U.S. Securities and Exchange Commission (SEC) in Tuesday to submit a supplementary document of the IPO, disclosed the company's first quarterly results in 2014.

Supplementary documents show that in the first quarter ended March 31, 2014, the total revenue of the cattle net was 582.3 million yuan, the same period last year, 372.2 million yuan, an increase of 56.4%, the growth is mainly from group tourism and self-help tourism revenue growth.

From the group tourism business revenue of 554.1 million yuan, the same period last year, 353.1 million yuan, an increase of 56.9%, the number of groups (excluding the local group) from the same period last year 70,458 growth to 101,964, the year-on-year increase of 44.7%. The number of local groups increased from 78,837 in the same period last year to 112,687, an increase of 42.9% per cent year-on-year.

From the self-service travel business revenue for 22.8 million yuan, the same period last year, 15.5 million yuan, an increase of 47.1%, from other business revenue for 5.5 million yuan, the same period last year 3.6 million yuan.

In addition, excluding the sales tax and other related taxes, the first quarter net revenue of the cattle net for 578 million yuan, the same period last year for 369 million yuan. The first quarter of the net revenue cost of 536 million yuan, the same period last year, 343 million yuan, gross profit of 42.3 million yuan, the same period last year for 26.4 million yuan.

The total operating expenses of the first quarter were 109 million yuan, 34.1 million yuan in the same period last year. Research and development expenditure of 17 million yuan, the same period last year for 8.1 million yuan, sales and marketing expenditure of 73.5 million yuan, the same period last year, 13 million Yuan yuan, general and administrative expenditure for 19.8 million yuan, the same period last year 13.3 million yuan Other operating income of 1.4 million yuan, the same period last year, 200,000 yuan.

The first-quarter operating loss of the cattle network was 66.526 million yuan, the same period last year, 7.721 million yuan. The net loss for the first quarter was 62.734 million yuan, while the net loss for the same period last year was 5.399 million yuan.