Illustration of Ctrip quarterly report: net revenue of RMB 4.1 billion has been "halved" compared with that before the outbreak

RedI network Lei Jianping 6 month 28 Reported Wednesday

The epidemic has had a great impact on the tourism industry , Ctrip's performance has not been restored .

Ctrip （ NASDAQ ：TCOM And the Hong Kong stock exchange ：9961） Today's earnings report . Results show that , Ctrip 2022 Net operating income in the first quarter of 41 One hundred million yuan , Compared with the same period of last year, it was basically flat , Compared with the previous quarter's 46.82 Billion decline 12%, Mainly because the Chinese market has been repeatedly affected by the recent COVID-19 .

Self epidemic 2020 Since the outbreak in , Ctrip's performance will be greatly affected . Ctrip 2022 The results in the first quarter of the year are only equivalent to 2019 Half of the same period of the year , in other words , Compared with before the outbreak, it has been “ Waist cut ”.

Local tourism continues to be the main driver of domestic tourism recovery , In the first quarter, the year-on-year increase in local hotel bookings exceeded 20%.

In the first quarter, the number of air tickets booked on international platforms increased by more than 270%, Mainly benefited from the recovery of European and Asia Pacific markets . In the first quarter, the hotel reservation volume on the international platform also exceeded the pre epidemic level .

Ctrip said , In the first quarter, through product innovation and other forms , Join hands with businessmen to strengthen multilateral cooperation 、 Accumulated platform potential energy , In response to the impact of the epidemic in the second quarter “ Darkest hour ” Lay a foundation , Lay the groundwork for market recovery .

Liangjianzhang, executive chairman of Ctrip's board of directors, said ：“ first quarter , We are glad to see that the global tourism demand is growing steadily as more and more countries begin to relax restrictions , Especially in Europe and Asia Pacific Region , We will grasp these positive signals , Further consolidate the market position and promote the process of globalization .”

“ Although the domestic tourism industry is facing challenges due to the repeated COVID-19 in the first quarter , Our performance demonstrates the resilience of the company to meet challenges and uncertainties ”, Ctrip CEO Ms. Sun Jie said ,「 Although we may continue to face short-term market fluctuations , But the overall tourism demand is still strong , It indicates that the long-term development prospect of the market is bright . We will continue to adapt to environmental changes and adjust our strategies flexibly , Seize growth opportunities in a timely manner .”

Ctrip Q1 Accommodation booking revenue 15 Billion Year-on-year decline in 8%

Ctrip 2022 The operating income of accommodation reservation in the first quarter of 14.5 One hundred million yuan , Year-on-year decline in 8%, fell 24%, This is mainly because China continues to be repeatedly affected by the COVID-19 .

2022 Since, the international tourism market has recovered rapidly , Therefore, Ctrip's overseas businesses burst out with strong growth , The globalization strategy has been further promoted , It provides support for the future performance repair of Ctrip .

Ctrip Q1 Traffic ticketing revenue 16.63 Billion Year-on-year growth 10%

Ctrip 2022 In the first quarter of, the operating revenue of transportation ticketing was 16.63 One hundred million yuan , rose 10%, Sequential rise 10%, Mainly due to the strong recovery of the company's overseas air ticket business .

Ctrip 2022 The operating income of tourism and holiday business in the first quarter of 1.24 One hundred million yuan , Year-on-year decline in 27%, fell 30%, This is mainly because China continues to be repeatedly affected by the COVID-19 .

Ctrip 2022 In the first quarter of, the business income of business travel management business was 2.22 One hundred million yuan , Year-on-year decline in 12%, fell 40%, This is mainly because China continues to be repeatedly affected by the COVID-19 .

Ctrip 2022 The cost in the first quarter of the year was 11 One hundred million yuan （1.68 Billion dollars ）, It remained stable year-on-year .2022 The operating cost decreased month on month in the first quarter of 5%.2022 Operating costs accounted for% of net operating income in the first quarter of 26%.

Ctrip 2022 The product R & D expenses in the first quarter of 20 One hundred million yuan （3.11 Billion dollars ）, Year-on-year decline in 11%, fell 12%, This is mainly due to the decrease in the expenses related to product R & D personnel .2022 In the first quarter of, product R & D expenses accounted for 48%.

Ctrip 2022 Sales and marketing expenses in the first quarter of 8.43 Billion （1.33 Billion dollars ）, Year-on-year decline in 11%, fell 35%, The main reason is the decrease of related sales and marketing activities .2022 Sales and marketing expenses accounted for% of net operating income in the first quarter of 21%.

Ctrip 2022 General and administrative expenses in the first quarter of 5.84 One hundred million yuan （9200 Thousands of dollars ）, Year-on-year decline in 15%, fell 20%, Mainly due to the decrease of general and administrative personnel related expenses .2022 General and administrative expenses accounted for% of net operating income in the first quarter of 14%.

Ctrip Q1 Operating deficit 3.59 Billion   Operating profit margin -9%

Ctrip 2022 The operating loss in the first quarter of the year was 3.59 One hundred million yuan （5500 Thousands of dollars ）, comparison 2021 The operating loss in the same period of the year was 7.87 One hundred million yuan , Compared with the previous quarter, the operating loss was 7.04 One hundred million yuan .

Ctrip 2022 Adjusted in the first quarter of EBITDA by 9100 Ten thousand yuan , comparison 2021 In the same period of year -2.16 One hundred million yuan , Compared with the previous quarter 5400 Ten thousand yuan .2022 Adjusted in the first quarter of EBITDA The profit margin is 2%, comparison 2021 In the same period of year -5%, Compared with the previous quarter 1%.

Ctrip Q1 Net loss 10 Billion   The same period last year was profitable

Ctrip 2022 Net loss in the first quarter of 2008 10 Billion , The same period last year was profitable 17.65 One hundred million yuan .

Ctrip 2022 The net loss attributable to the group's shareholders in the first quarter of 9.89 One hundred million yuan （1.55 Billion dollars ）, comparison 2021 The net profit attributable to the shareholders of Ctrip group in the same period of the year was 18 One hundred million yuan , Compared with the net loss attributable to the shareholders of Ctrip group in the previous quarter, it was 8.34 One hundred million yuan .

By 2022 year 3 month 31 Japan , Cash and cash equivalents held by Ctrip 、 Restricted cash 、 The balance of short-term investments, time deposits and financial products held to maturity is 633 One hundred million yuan （100 Billion dollars ）.

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