Q2 net revenue for the cattle is 716.4 million yuan, an increase of 84.9%

Yesterday evening news, passers-by reported the unaudited second-quarter earnings as at June 30, 2014. Net revenue of 716.4 million yuan (about 115.5 million U.S. dollars), the year-on-year growth of 84.9%. The net loss was 113.6 million yuan (USD 18.3 million), while in the second quarter of 2013

Yesterday evening, passers-by reported the unaudited second-quarter earnings as at June 30, 2014. Net revenue of 716.4 million yuan (about 115.5 million U.S. dollars), the year-on-year growth of 84.9%. The net loss was 113.6 million yuan (USD 18.3 million), compared with 7.4 million yuan in the second quarter of 2013. Not according to the United States General accounting standards of the net loss, that is, not including the share compensation costs, including 94.7 million yuan (15.3 million U.S. dollars).

On average, 3 analysts expected a net loss of $0.21 per share in the second quarter, according to Yahoo's financial data, which showed the company had a net loss of $0.07 per share in the second quarter, higher than analysts had expected.

In addition, 2 analysts on average expected the second quarter of the total revenue 93.15 million U.S. dollars, the company's second-quarter total revenue of 115.5 million U.S. dollars, higher than analysts expected.

Second quarter earnings points

Net revenue rose 84.9% to 716.4 million yuan (115.5 million USD) in the second quarter of 2014.

In the second quarter of 2014, the total number of trips to the group (excluding local tours) increased by 98.9%, while the total number of self-help trips increased by 104.5% per cent year-on-year.

In the second quarter, mobile traffic accounted for more than 35% of total online traffic, accounting for 30% of total orders.

In the second quarter, it expanded its customer service network by opening new regional service centres in 5 cities.

Second quarter results

In the second quarter of 2014, net revenue was 716.4 million yuan (USD 115.5 million), which grew 84.9% from the same period in 2013. The increase was mainly attributable to the growth in revenues from the business of group tours and self-help tours. The total number of trips sold in the second quarter of 2014 was 549,228, a 76% increase from 312,054 in the second quarter of 2013.

In the second quarter of 2014, with the group tour revenue of 696.7 million yuan (112.3 million U.S. dollars), compared with 2013 the same period increased 85.9%. Mao Ying to confirm with the group tour revenue, this growth is mainly due to travel to specific international destinations, such as Europe, Korea and Japan, the rapid growth of tourism demand, as well as the rapid growth of domestic travel. In the second quarter, the number of trips to the group (excluding local tours) was 154,874, compared with the 77,864 increase of 98.9% in the second quarter of 2013, while the number of local tours was 312,364, compared with 194,104 in the second quarter of 2013.