Ctrip second-quarter net profit of $34 million Up 76% from a year earlier

(editor: qing nan)

ctrip today morning post as of June 30, 2013 in the second quarter unaudited financial results. Data show that the quarter revenue 1.2 billion yuan ($203 million), up 28%; Net income of 210 million yuan currency ($34 million), up 76% year-on-year.

as key mobile business, ctrip on the part of data in the results. In the second quarter of 2013, ctrip wireless trading is three times in the same period last year, more than 20% contribution to the hotel reservation, contribution to the flight booking at about 15%.

meanwhile, ZhangSuYang today will quit the board of directors, board of directors has also given the approval and has no intention of meeting.

in the second quarter 2013 results summary:

in the second quarter of 2013 net operating income of 1.2 billion yuan ($23 million), up 28% from a year earlier.

gross margin was 75% in the second quarter of 2013, with the same period in 2012.

in the second quarter of 2013 operating profit of 196 million yuan ($32 million), up 17% from a year earlier. Excluding stock compensation costs, in the second quarter of 2013 operating profit of 37 million yuan ($50 million), up 11% from a year earlier.

in the second quarter of 2013 operating profit margin of 16%, compared to the same period in 2012 was 17%. Excluding stock compensation costs, operating profit margin was 25% in the second quarter of 2013, compared with the same period in 2012 was 28%.

in the second quarter of 2013 from ctrip shareholder’s net income of 210 million yuan ($34 million), up 76% year-on-year. Excluding stock compensation costs, in the second quarter of 2013 from ctrip shareholder’s net income of 322 million yuan ($52 million), up 41% from a year earlier.

every depositary receipts in the second quarter of 2013 diluting earnings is RMB 1.47 ($0.24). Excluding stock compensation costs, in the second quarter of 2013 by dilute every depositary receipts profit is 2.23 yuan ($0.36).

l2013 stock compensation fee in the second quarter to 111 million yuan ($18 million), accounting for 9% of the net operating income, every depositary receipts for the second quarter of 2013 the influence of the profit of 0.76 yuan ($0.12).

“we are very glad to ctrip again performance of strong growth in the second quarter of 2013,” ctrip’s chairman and chief executive officer Mr James liang said. “Mobile technology is rapidly changing the travel industry. Ctrip mobile strategy is based on the platform of ctrip one-stop travel, the most abundant products, dedicated to provide travelers with industry-leading service standards, and the most competitive prices. In the second quarter of 2013, ctrip wireless trading is three times in the same period last year, more than 20% contribution to the hotel reservation, contribution to the flight booking at about 15%. We actively integrated into the China travel market is undergoing change, more innovative ways for our customers and partners to create more value.”

2013 in the second quarter financial results and business development

in the second quarter of 2013, ctrip a total revenue of 1.3 billion yuan ($215 million), up 28% from a year earlier. In the second quarter of 2013 the total operating income rose 7%.

in the second quarter of 2013 hotel booking business income is 511 million yuan ($83 million), up 25% year on year, growth comes mainly from hotel bookings 44% year-on-year growth, and income of 14% year-on-year decline in part offset each night. Each night income fell mainly influenced by sales promotion activity. In the second quarter of 2013 hotel booking revenue rose by 13%.

booking tickets in the second quarter of 2013 operating income of 522 million yuan ($85 million), up 29% year on year, growth comes mainly from the ticket bookings year-on-year growth of 34%, and 6% by each ticket revenue fell partially offset. Booking tickets in the second quarter of 2013 operating income rose 14%.

in the second quarter of 2013 tourist business operating income of 187 million yuan ($30 million), up 40% year on year, growth comes mainly from the growth of leisure travel bookings. In the second quarter of 2013 tourist business revenue decrease 20% month-on-month, reduce was mainly affected by seasonal factors.

in the second quarter of 2013 business management business operating income of 66 million yuan ($11 million), up 34% year on year, growth comes mainly from business activities to drive the growth of the business requirements. In the second quarter of 2013 business management business operating income rose by 29%, mainly affected by seasonal factors.

in the second quarter of 2013 net operating income of 1.2 billion yuan ($23 million), up 28% from a year earlier. In the second quarter of 2013 net operating income rose 7%.

gross margin was 75% in the second quarter of 2013, consistent with the same period in 2012, compared with 74% in the last quarter.

in the second quarter of 2013 product development fee is RMB 310 million yuan ($50 million), up 49%, year-on-year growth of 16%, the main reason for the growth of product and business development personnel related costs and increase the cost of equity. In the second quarter of 2013 product development costs rose by 16%. Excluding stock compensation costs, in the second quarter of 2013 product development costs accounted for 22% of net sales, compared to the same period in 2012 and 18% of the last quarter rose 20%.

in the second quarter of 2013 sales and marketing cost is RMB 271 million yuan ($44 million), up 25% from a year earlier, the main reason for the growth of an increase in marketing related activities. In the second quarter of 2013 sales and marketing costs rose 1%. Excluding stock compensation costs, in the second quarter of 2013 the cost of sales accounted for 21% of net sales, compared to the same period in 2012, compared with 22% in the last quarter fell slightly.

in the second quarter of 2013 management fee is RMB 159 million yuan ($26 million), up 14% from a year earlier, the main reason for the growth of management personnel related costs and increase the cost of equity. In the second quarter of 2013 management fees fell 2%. Excluding stock compensation costs, in the second quarter of 2013 management fees account for 8% of net sales, compared to the same period in 2012 and is consistent with the previous quarter.

in the second quarter of 2013 operating profit of 196 million yuan ($32 million), up 17% year on year, rose 22%. Excluding stock compensation costs, in the second quarter of 2013 operating profit of 37 million yuan ($50 million), up 11% year on year, rose 13%.

in the second quarter of 2013 operating profit margin of 16%, compared to the same period in 2012 was 17%, against 14% in the last quarter. Excluding stock compensation costs, operating profit margin was 25% in the second quarter of 2013, compared to the same period in 2012 declined 28%, and 23% last quarter rose.

in the second quarter of 2013 effective income tax rate of 27%, compared to the same period in 2012 declined 45%, mainly because of the second quarter of 2012 to pay the share buyback remitted to Hong Kong from China subsidiary company’s dividend withholding tax will pay 5% of the China. In the second quarter of 2013 income tax effective tax rate and down 32% compared with last quarter, declines mainly by deduction of the cost of equity accounted for reduce the influence of.

in the second quarter of 2013 from ctrip shareholder’s net income of 210 million yuan ($34 million), up 76% year-on-year, rose by 37%. Excluding stock compensation costs, net profit attributable to shareholders ctrip is RMB 322 million yuan ($52 million), up 41% year-on-year, rose by 21%.

every depositary receipts in the second quarter of 2013 diluting earnings is RMB 1.47 ($0.24). Excluding stock compensation costs, in the second quarter of 2013 by dilute every depositary receipts profit is 2.23 yuan ($0.36).

as of June 30, 2013 in cash and short-term investments balance is RMB 6.7 billion yuan ($1.1 billion).

independent director Mr ZhangSuYang ctrip, has tendered his resignation to the board, and confirm its quit any disagreement with the company. The board of directors approved the resignation of Mr ZhangSuYang and take effect on August 1, 2013. Mr Zhang left, ctrip’s board of directors will consist of six directors, including four for independent directors. Ctrip’s chairman and chief executive officer Mr James liang said: “as one of ctrip board member, Mr ZhangSuYang from the beginning of ctrip build up have been making a remarkable contribution for ctrip. We deeply appreciated Sue thing such as always, with the support of, and wish him every success in the future career.”

forecast

ctrip in the third quarter of 2013 is expected to net operating income of about 20-25% annual growth rate. The forecast reflects the ctrip according to the current situation make a preliminary judgment and may change.

call

after the announcement, ctrip management in the United States on July 31, 2013 8:00 PM eastern time (i.e., on August 1, 2013, Shanghai/Hong Kong time zone 8:00 AM) conference call.

conference call will be broadcast live over the Internet and repeats (http://ir.ctrip.com). The meeting will be saved on the above url keep 1 month.

the number of phone dial to call meetings: the free phone number + 1.800.219.3192, international dial in number as the + 1.617.597.5412, password is 445 529 12 #. Advance reservation registration please click the following url:

https://www.theconferencingservice.com/prereg/key.process? Key=PDRKVPYFX

after the conference call until August 8, 2013 by phone to listen to the replay. Telephone dial-up listen to conference call the replay of the number: the United States free telephone + 1.888.286.8010, international telephone + 1.617.801.6888, password is 96778845.