SHANGHAI, Nov. 1, 2017 /PRNewswire/ -- Ctrip.com
International, Ltd. (Nasdaq: CTRP), a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours and corporate travel management in China ("Ctrip" or the "Company"), today
announced its unaudited financial results for the third quarter
ended September 30, 2017.
Key Highlights
- Ctrip reported strong financial results in the third quarter of
2017.
-
- Net revenue increased 42% year-on-year to RMB7.9 billion in the third quarter of 2017.
-
- Accommodation reservation revenue for the third quarter of 2017
increased 36% year-on-year, primarily driven by an increase in the
accommodation reservation volume.
- Gross margin was 83% for the third quarter of 2017, improving
from 78% for the same period of 2016 and 82% for the second quarter
of 2017, due to further efficiency gain.
- Operating margin for the third quarter of 2017 was 17%.
Excluding share-based compensation charges, Non-GAAP operating
margin for the third quarter of 2017 was 22%, improving from 18%
for the same period of 2016, primarily driven by improvements in
overall operating efficiency and synergies from the invested
companies.
- The Company has continued to strengthen its leading position in
lower-tier cities.
-
- In the third quarter of 2017, Ctrip brand's average DAU grew
over 60% year-over-year in second-tier cities.
- Qunar's hotel revenue in the third- and fourth-tier cities has
maintained over 80% growth rates in three consecutive quarters this
year.
- In the third quarter of 2017, Ctrip
and Qunar opened 100 offline stores across China and we will continue to expand our store
network going forward.
- Ctrip's international businesses have sustained robust growth
momentum.
-
- International air ticketing maintained robust volume growth in
the third quarter of 2017, and the tickets sold by our
International Business Unit continued to grow impressively at a
triple-digit percentage rate.
"We are pleased to deliver another quarter of solid results."
said Jane Sun, Chief Executive
Officer. "The investments we've made in products, services and
technologies cement an unrivaled value proposition for our
customers and supply chain partners. Customer-centricity is a core
value and we will continue to diligently uphold it."
"Ctrip's foundation is based on travel innovation, one-stop
experience and best in class 24/7 service," said James Liang, Executive Chairman. "The growth
we've delivered through the years has been tremendous yet we're
still only touching the tip of the whole travel opportunity. Our
successful track record and our ability to stay inquisitive and
innovative will further solidify our competitive moat."
Third Quarter of 2017 Financial Results and Business
Updates
For the third quarter of 2017, Ctrip reported net revenue of
RMB7.9 billion (US$1.2 billion), representing a 42% increase from
the same period of 2016. Net revenue for the third quarter of 2017
increased 23% from the previous quarter.
Accommodation reservation revenue for the third quarter of 2017
was RMB2.8 billion (US$424 million), representing a 36% increase from
the same period of 2016, primarily driven by an increase in
accommodation reservation volume. Accommodation reservation revenue
for the third quarter of 2017 increased 22% from the previous
quarter, primarily driven by an increase in accommodation
reservation volume and seasonality.
Transportation ticketing revenue for the third quarter of 2017
was RMB3.4 billion (US$515 million), representing a 41% increase from
the same period of 2016, primarily driven by an increase in
ticketing volume and the consolidation of Skyscanner's financial
results since December 31, 2016.
Transportation ticketing revenue increased 15% from the previous
quarter, primarily due to an increase in ticketing volume and
seasonality.
Packaged-tour revenue for the third quarter of 2017 was
RMB1.0 billion (US$155 million), representing a 27% increase from
the same period of 2016, primarily driven by an increase in volume
growth of organized tours and self-guided tours. Packaged-tour
revenue for the third quarter of 2017 increased 69% from the
previous quarter, primarily due to seasonality.
Corporate travel revenue for the third quarter of 2017 was
RMB203 million (US$30 million), representing a 22% increase from
the same period of 2016, primarily driven by expansion in travel
product coverage. Corporate travel revenue for the third quarter of
2017 increased 2% from the previous quarter.
Gross margin was 83% for the third quarter of 2017, compared to
78% for the same period of 2016, and 82% for the previous
quarter.
Product development expenses for the third quarter of 2017
increased by 18% to RMB2.2 billion
(US$328 million) from the same period
of 2016, primarily due to an increase in product development
personnel related expenses. Product development expenses for the
third quarter of 2017 increased 7% from the previous quarter.
Product development expenses for the third quarter of 2017
accounted for 28% of the net revenue. Excluding share-based
compensation charges, Non-GAAP product development expenses for the
third quarter of 2017 accounted for 25% of the net revenue, which
decreased from 27% for the same period of 2016 and the previous
quarter.
Sales and marketing expenses for the third quarter of 2017
increased by 58% to RMB2.4 billion
(US$357 million) from the same period
of 2016, primarily due to an increase in sales and marketing
related activities. Sales and marketing expenses for the third
quarter of 2017 increased 19% from the previous quarter. Sales and
marketing expenses for the third quarter of 2017 accounted for 30%
of the net revenue. Excluding share-based compensation charges,
Non-GAAP sales and marketing expenses for the third quarter of 2017
accounted for 30% of the net revenue, which increased from 26% for
the same period of 2016 and remained consistent with the previous
quarter.
General and administrative expenses for the third quarter of
2017 increased by 25% to RMB674
million (US$101 million) from
the same period of 2016, primarily due to an increase in general
and administrative personnel related expenses and consulting
expenses. General and administrative expenses for the third quarter
of 2017 increased 11% from the previous quarter. General and
administrative expenses for the third quarter of 2017 accounted for
9% of the net revenue. Excluding share-based compensation charges,
Non-GAAP general and administrative expenses accounted for 7% of
the net revenue, which remained consistent with the same period of
2016 and the previous quarter.
Income from operations for the third quarter of 2017 was
RMB1.4 billion (US$204 million), compared to income of
RMB447 million for the same period of
2016 and income of RMB645 million for
the previous quarter. Excluding share-based compensation charges,
Non-GAAP income from operations was RMB1.7
billion (US$262 million),
compared to RMB1.0 billion for the
same period of 2016 and RMB1.2
billion for the previous quarter.
Operating margin was 17% for the third quarter of 2017, compared
to 8% for the same period of 2016, and 10% for the previous
quarter. Excluding share-based compensation charges, Non-GAAP
operating margin was 22%, compared to 18% for the same period of
2016 and 18% for the previous quarter.
Income tax expense for the third quarter of 2017 was
RMB313 million (US$47 million), compared to RMB221 million for the same period of 2016 and
RMB529 million for the previous
quarter. The change in the Group's effective tax rates is primarily
due to the change in profitability in the subsidiaries with
different tax rates and certain non-tax deductible losses including
the share based compensation.
Net income attributable to Ctrip's shareholders for the third
quarter of 2017 was RMB1.2 billion
(US$185 million), compared to net
income of RMB24 million for the same
period of 2016 and net income of RMB327
million for the previous quarter.
Diluted earnings per ADS were RMB2.10 (US$0.32)
for the third quarter of 2017. Excluding share-based compensation
charges, Non-GAAP diluted earnings per ADS were RMB2.70 (US$0.41)
for the third quarter of 2017.
As of September 30, 2017, the
balance of cash and cash equivalents, restricted cash and
short-term investment was RMB47
billion (US$7 billion).
Business Outlook
For the fourth quarter of 2017, the Company expects the net
revenue growth to continue at a year-on-year rate of approximately
25-30%. This forecast reflects Ctrip's current and preliminary
view, which is subject to change.
Conference Call
Ctrip's management team will host a conference call at
8:00PM U.S. Eastern Time on
November 1, 2017 (or 8:00AM on November 2,
2017 in the Shanghai/Hong
Kong Time) following the announcement.
The conference call will be available on Webcast live and replay
at: http://ir.ctrip.com. The call will be archived for twelve
months at this website.
The dial-in details for the live conference call: U.S. Toll Free
Number +1.888.268.4180, International dial-in number
+1.617.597.5485, Passcode 731 941 24#. For pre-registration, please
click
https://www.theconferencingservice.com/prereg/key.process?key=PU4LBP6UX.
A telephone replay of the call will be available after the
conclusion of the conference call until November 9, 2017. The dial-in details for the
replay: U.S. Toll Free Number +1.888.286.8010, International
dial-in number +1.617.801.6888, Passcode 32849003.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expect," "anticipate," "future," "intend," "plan,"
"believe," "estimate," "is/are likely to," "confident" or other
similar statements. Among other things, quotations from management
and the Business Outlook section in this press release, as well as
Ctrip's strategic and operational plans, contain forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, severe or prolonged downturn in
the global or Chinese economy, general declines or disruptions in
the travel industry, volatility in the trading price of Ctrip's
ADSs, Ctrip's reliance on its relationships and contractual
arrangements with travel suppliers and strategic alliances, failure
to compete against new and existing competitors, failure to
successfully manage current growth and potential future growth,
risks associated with any strategic investments or acquisitions,
seasonality in the travel industry in the relevant jurisdictions
where Ctrip operates, failure to successfully develop Ctrip's
existing or future business lines, damage to or failure of Ctrip's
infrastructure and technology, loss of services of Ctrip's key
executives, adverse changes in economic and political policies of
the PRC government, inflation in China, risks and uncertainties associated with
PRC laws and regulations with respect to the ownership structure of
Ctrip's affiliated Chinese entities and the contractual
arrangements among Ctrip, its affiliated Chinese entities and their
shareholders, and other risks outlined in Ctrip's filings with the
U.S. Securities and Exchange Commission. All information provided
in this press release and in the attachments is as of the date of
the issuance, and Ctrip does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law.
About Non-GAAP Financial Measures
To supplement Ctrip's unaudited condensed consolidated financial
statements presented in accordance with United States Generally
Accepted Accounting Principles ("GAAP"), Ctrip uses non-GAAP
financial information related to product development expenses,
sales and marketing expenses, general and administrative expenses,
income from operations, operating margin, net income attributable
to Ctrip's shareholders, and diluted earnings per ordinary share
and per ADS, each of which (except for net commission earned) is
adjusted from the most comparable GAAP result to exclude the
share-based compensation charges recorded under ASC 718,
"Compensation-Stock Compensation" and its share-based compensation
charges are not tax deductible. Ctrip's management believes the
non-GAAP financial measures facilitate better understanding of
operating results from quarter to quarter and provide management
with a better capability to plan and forecast future periods.
Non-GAAP information is not prepared in accordance with GAAP and
may be different from non-GAAP methods of accounting and reporting
used by other companies. The presentation of this additional
information should not be considered a substitute for GAAP results.
A limitation of using non-GAAP financial measures is that non-GAAP
measures exclude share-based compensation charges that have been
and will continue to be significant recurring expenses in Ctrip's
business for the foreseeable future.
Reconciliations of Ctrip's non-GAAP financial data to the most
comparable GAAP data included in the consolidated statement of
operations are included at the end of this press release.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours, and corporate travel management in China. It is the largest online consolidator
of accommodations and transportation tickets in China in terms of transaction volume. Ctrip
enables business and leisure travelers to make informed and
cost-effective bookings by aggregating comprehensive travel related
information and offering its services through an advanced
transaction and service platform consisting of its mobile apps,
Internet websites and centralized, toll-free, 24-hour customer
service center. Ctrip also helps customers book vacation packages
and guided tours. In addition, through its corporate travel
management services, Ctrip helps corporate clients effectively
manage their travel requirements. Since its inception in 1999,
Ctrip has experienced substantial growth and become one of the
best-known travel brands in China.
For further information, please contact:
Investor Relations
Ctrip.com International, Ltd.
Tel: (+86) 21 3406 4880 X 12229
Email: iremail@ctrip.com
Ctrip.com
International, Ltd.
|
Unaudited
Condensed Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
December
31, 2016
|
|
September
30, 2017
|
|
September
30, 2017
|
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
|
|
|
|
|
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
18,434,681,251
|
|
18,323,479,861
|
|
2,754,043,837
|
Restricted
cash
|
|
1,744,490,307
|
|
2,024,575,239
|
|
304,296,400
|
Short-term
investment
|
|
14,112,862,288
|
|
27,062,816,401
|
|
4,067,577,954
|
Accounts receivable,
net
|
|
4,624,818,322
|
|
5,855,141,594
|
|
880,035,711
|
Prepayments and other
current assets
|
|
6,994,589,672
|
|
9,975,341,849
|
|
1,499,307,389
|
|
|
|
|
|
|
|
Total current
assets
|
|
45,911,441,840
|
|
63,241,354,944
|
|
9,505,261,291
|
|
|
|
|
|
|
|
Long-term deposits
and prepayments
|
|
1,147,279,197
|
|
847,546,564
|
|
127,387,396
|
Land use
rights
|
|
99,544,772
|
|
97,457,215
|
|
14,647,951
|
Property, equipment
and software
|
|
5,591,960,081
|
|
5,631,471,625
|
|
846,417,811
|
Investment
|
|
20,532,822,365
|
|
22,609,358,318
|
|
3,398,217,173
|
Goodwill
|
|
56,015,185,590
|
|
56,265,595,482
|
|
8,456,795,197
|
Intangible
assets
|
|
13,924,769,931
|
|
13,790,776,378
|
|
2,072,772,365
|
Other long-term
receivable
|
|
815,586,298
|
|
325,487,591
|
|
48,921,226
|
Deferred tax assets,
non-current
|
|
375,311,594
|
|
418,407,590
|
|
62,887,227
|
|
|
|
|
|
|
|
Total
assets
|
|
144,413,901,668
|
|
163,227,455,707
|
|
24,533,307,637
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Short-term
debt
|
|
6,887,309,589
|
|
14,838,803,823
|
|
2,230,292,310
|
Accounts
payable
|
|
7,278,791,082
|
|
8,314,060,992
|
|
1,249,614,626
|
Salary and welfare
payable
|
|
2,508,430,757
|
|
2,975,629,445
|
|
447,241,135
|
Taxes
payable
|
|
1,084,241,429
|
|
833,788,065
|
|
125,319,475
|
Advances from
customers
|
|
8,190,840,057
|
|
8,771,501,445
|
|
1,318,368,546
|
Accrued liability for
customer reward program
|
|
658,170,680
|
|
625,387,271
|
|
93,996,554
|
Other payables and
accruals
|
|
3,687,242,592
|
|
5,613,309,434
|
|
843,688,008
|
|
|
|
|
|
|
|
Total current
liabilities
|
|
30,295,026,186
|
|
41,972,480,475
|
|
6,308,520,654
|
|
|
|
|
|
|
|
Deferred tax
liabilities, non-current
|
|
3,607,882,808
|
|
3,510,637,426
|
|
527,653,559
|
Long-term
debt
|
|
34,650,673,553
|
|
33,597,170,400
|
|
5,049,700,209
|
Other long-term
liabilities
|
|
339,566,619
|
|
481,780,815
|
|
72,412,309
|
|
|
|
|
|
|
|
Total
liabilities
|
|
68,893,149,166
|
|
79,562,069,116
|
|
11,958,286,731
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
|
Share
capital
|
|
4,960,354
|
|
5,163,296
|
|
776,050
|
Additional paid-in
capital
|
|
65,819,998,701
|
|
70,905,962,076
|
|
10,657,262,122
|
Statutory
reserves
|
|
237,495,820
|
|
237,473,826
|
|
35,692,638
|
Accumulated other
comprehensive income
|
|
1,010,373,732
|
|
4,354,529,115
|
|
654,491,623
|
Retained
Earnings
|
|
6,699,580,613
|
|
8,338,018,450
|
|
1,253,215,465
|
Treasury
stock
|
|
(2,235,574,510)
|
|
(2,110,820,623)
|
|
(317,259,198)
|
|
|
|
|
|
|
|
Total Ctrip's
shareholders' equity
|
|
71,536,834,710
|
|
81,730,326,140
|
|
12,284,178,700
|
|
|
|
|
|
|
|
Noncontrolling
interests
|
|
3,983,917,792
|
|
1,935,060,451
|
|
290,842,206
|
|
|
|
|
|
|
|
Total
shareholders' equity
|
|
75,520,752,502
|
|
83,665,386,591
|
|
12,575,020,906
|
|
|
|
|
|
|
|
Total liabilities
and shareholders' equity
|
|
144,413,901,668
|
|
163,227,455,707
|
|
24,533,307,637
|
Ctrip.com
International, Ltd.
|
Unaudited
Condensed Consolidated Statements of Comprehensive
Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
|
Septemter
30, 2016
|
|
June
30, 2017
|
|
September
30, 2017
|
|
September
30, 2017
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
|
|
|
|
|
|
|
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
Revenue:
|
|
|
|
|
|
|
|
|
Accommodation
reservation
|
|
2,071,608,431
|
|
2,311,142,987
|
|
2,820,384,460
|
|
423,907,604
|
Transportation
ticketing
|
|
2,427,736,429
|
|
2,992,330,356
|
|
3,428,194,609
|
|
515,262,292
|
Packaged-tour
|
|
813,260,976
|
|
612,297,777
|
|
1,033,088,540
|
|
155,274,607
|
Corporate
travel
|
|
166,337,791
|
|
199,352,936
|
|
202,879,041
|
|
30,492,995
|
Others
|
|
188,851,094
|
|
346,439,294
|
|
472,404,223
|
|
71,002,994
|
|
|
|
|
|
|
|
|
|
Total
revenue
|
|
5,667,794,721
|
|
6,461,563,350
|
|
7,956,950,873
|
|
1,195,940,492
|
|
|
|
|
|
|
|
|
|
Less: Sales tax and
surcharges
|
|
(95,928,079)
|
|
(45,794,149)
|
|
(57,274,816)
|
|
(8,608,482)
|
|
|
|
|
|
|
|
|
|
Net
revenue
|
|
5,571,866,642
|
|
6,415,769,201
|
|
7,899,676,057
|
|
1,187,332,010
|
|
|
|
|
|
|
|
|
|
Cost of
revenue
|
|
(1,234,297,161)
|
|
(1,124,094,146)
|
|
(1,303,483,658)
|
|
(195,915,359)
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
|
4,337,569,481
|
|
5,291,675,055
|
|
6,596,192,399
|
|
991,416,651
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Product development
*
|
|
(1,844,406,031)
|
|
(2,036,738,021)
|
|
(2,185,439,369)
|
|
(328,474,497)
|
Sales and marketing
*
|
|
(1,506,558,491)
|
|
(2,001,471,557)
|
|
(2,377,850,924)
|
|
(357,394,214)
|
General and
administrative *
|
|
(539,181,215)
|
|
(608,203,223)
|
|
(673,903,837)
|
|
(101,288,659)
|
|
|
|
|
|
|
|
|
|
Total operating
expenses
|
|
(3,890,145,737)
|
|
(4,646,412,801)
|
|
(5,237,194,130)
|
|
(787,157,370)
|
|
|
|
|
|
|
|
|
|
Income from
operations
|
|
447,423,744
|
|
645,262,254
|
|
1,358,998,269
|
|
204,259,281
|
|
|
|
|
|
|
|
|
|
Interest
income
|
|
99,167,513
|
|
249,426,782
|
|
271,592,321
|
|
40,820,694
|
Interest
expense
|
|
(191,169,801)
|
|
(383,446,788)
|
|
(318,779,226)
|
|
(47,912,949)
|
Other
(expense)/income
|
|
(27,905,573)
|
|
397,102,679
|
|
233,444,936
|
|
35,087,090
|
|
|
|
|
|
|
|
|
|
Income before
income tax expense and equity in income
|
|
327,515,883
|
|
908,344,927
|
|
1,545,256,300
|
|
232,254,116
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
|
(221,246,469)
|
|
(529,202,309)
|
|
(313,405,180)
|
|
(47,105,223)
|
Equity in (loss)/
income of affiliates
|
|
(63,833,906)
|
|
(26,696,373)
|
|
32,357,293
|
|
4,863,345
|
|
|
|
|
|
|
|
|
|
Net
income
|
|
42,435,508
|
|
352,446,245
|
|
1,264,208,413
|
|
190,012,238
|
|
|
|
|
|
|
|
|
|
Less: net income
attributable to noncontrolling interests
|
|
(18,518,066)
|
|
(25,574,176)
|
|
(35,090,626)
|
|
(5,274,169)
|
|
|
|
|
|
|
|
|
|
Net income
attributable to Ctrip's shareholders
|
|
23,917,442
|
|
326,872,069
|
|
1,229,117,787
|
|
184,738,069
|
|
|
|
|
|
|
|
|
|
Comprehensive
income attributable to Ctrip's shareholders
|
|
229,522,806
|
|
912,668,705
|
|
2,836,812,328
|
|
426,376,735
|
|
|
|
|
|
|
|
|
|
Earnings per ordinary
share
|
|
|
|
|
|
|
|
|
- Basic
|
|
0.40
|
|
4.97
|
|
18.35
|
|
2.76
|
- Diluted
|
|
0.38
|
|
4.72
|
|
16.76
|
|
2.52
|
|
|
|
|
|
|
|
|
|
Earnings per
ADS
|
|
|
|
|
|
|
|
|
- Basic
|
|
0.05
|
|
0.62
|
|
2.29
|
|
0.34
|
- Diluted
|
|
0.05
|
|
0.59
|
|
2.10
|
|
0.32
|
|
|
|
|
|
|
|
|
|
Weighted average
ordinary shares outstanding
|
|
|
|
|
|
|
|
|
- Basic
|
|
59,120,188
|
|
65,743,078
|
|
66,988,804
|
|
66,988,804
|
- Diluted
|
|
63,410,273
|
|
69,361,680
|
|
78,630,110
|
|
78,630,110
|
|
|
|
|
|
|
|
|
|
* Share-based
compensation charges included are as follows:
|
|
|
|
|
|
|
|
|
Product
development
|
|
324,427,727
|
|
305,271,403
|
|
210,505,836
|
|
31,639,312
|
Sales and
marketing
|
|
70,609,154
|
|
58,994,568
|
|
37,738,032
|
|
5,672,077
|
General and
administrative
|
|
161,796,351
|
|
163,592,798
|
|
135,789,753
|
|
20,409,384
|
Ctrip.com
International, Ltd.
|
Reconciliation of
GAAP and Non-GAAP Results
|
(In RMB, except %
and per share information)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended
September 30, 2017
|
|
GAAP
Result
|
% of Net
revenue
|
|
Share-based
Compensation
|
% of Net
revenue
|
|
Non-GAAP
Result
|
% of Net
revenue
|
|
|
|
|
|
|
|
|
|
Product
development
|
(2,185,439,369)
|
28%
|
|
210,505,836
|
3%
|
|
(1,974,933,533)
|
25%
|
Sales and
marketing
|
(2,377,850,924)
|
30%
|
|
37,738,032
|
0%
|
|
(2,340,112,892)
|
30%
|
General and
administrative
|
(673,903,837)
|
9%
|
|
135,789,753
|
2%
|
|
(538,114,084)
|
7%
|
Total operating
expenses
|
(5,237,194,130)
|
66%
|
|
384,033,621
|
5%
|
|
(4,853,160,509)
|
61%
|
|
|
|
|
|
|
|
|
|
Income from
operations
|
1,358,998,269
|
17%
|
|
384,033,621
|
5%
|
|
1,743,031,890
|
22%
|
|
|
|
|
|
|
|
|
|
Net income
attributable to Ctrip's shareholders
|
1,229,117,787
|
16%
|
|
384,033,621
|
5%
|
|
1,613,151,408
|
20%
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ordinary share (RMB)
|
16.76
|
|
|
4.82
|
|
|
21.58
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ADS (RMB)
|
2.10
|
|
|
0.60
|
|
|
2.70
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ADS (USD)
|
0.32
|
|
|
0.09
|
|
|
0.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended June
30, 2017
|
|
GAAP Result
|
% of Net
revenue
|
|
Share-based
Compensation
|
% of Net
revenue
|
|
Non-GAAP
Result
|
% of Net
revenue
|
|
|
|
|
|
|
|
|
|
Product
development
|
(2,036,738,021)
|
32%
|
|
305,271,403
|
5%
|
|
(1,731,466,618)
|
27%
|
Sales and
marketing
|
(2,001,471,557)
|
31%
|
|
58,994,568
|
1%
|
|
(1,942,476,989)
|
30%
|
General and
administrative
|
(608,203,223)
|
9%
|
|
163,592,798
|
3%
|
|
(444,610,425)
|
7%
|
Total operating
expenses
|
(4,646,412,801)
|
72%
|
|
527,858,769
|
8%
|
|
(4,118,554,032)
|
64%
|
|
|
|
|
|
|
|
|
|
Income from
operations
|
645,262,254
|
10%
|
|
527,858,769
|
8%
|
|
1,173,121,023
|
18%
|
|
|
|
|
|
|
|
|
|
Net income
attributable to Ctrip's shareholders
|
326,872,069
|
5%
|
|
527,858,769
|
8%
|
|
854,730,838
|
13%
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ordinary share (RMB)
|
4.72
|
|
|
7.24
|
|
|
11.96
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ADS (RMB)
|
0.59
|
|
|
0.90
|
|
|
1.49
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ADS (USD)
|
0.09
|
|
|
0.13
|
|
|
0.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended
September 30, 2016
|
|
GAAP
Result
|
% of Net
revenue
|
|
Share-based
Compensation
|
% of
Net
revenue
|
|
Non-GAAP
Result
|
% of Net
revenue
|
|
|
|
|
|
|
|
|
|
Product
development
|
(1,844,406,031)
|
33%
|
|
324,427,727
|
6%
|
|
(1,519,978,304)
|
27%
|
Sales and
marketing
|
(1,506,558,491)
|
27%
|
|
70,609,154
|
1%
|
|
(1,435,949,337)
|
26%
|
General and
administrative
|
(539,181,215)
|
10%
|
|
161,796,351
|
3%
|
|
(377,384,864)
|
7%
|
Total operating
expenses
|
(3,890,145,737)
|
70%
|
|
556,833,232
|
10%
|
|
(3,333,312,505)
|
60%
|
|
|
|
|
|
|
|
|
|
Income from
operations
|
447,423,744
|
8%
|
|
556,833,232
|
10%
|
|
1,004,256,976
|
18%
|
|
|
|
|
|
|
|
|
|
Net income
attributable to Ctrip's shareholders
|
23,917,442
|
0%
|
|
556,833,232
|
10%
|
|
580,750,674
|
10%
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ordinary share (RMB)
|
0.38
|
|
|
8.78
|
|
|
9.16
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ADS (RMB)
|
0.05
|
|
|
1.10
|
|
|
1.15
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
ADS (USD)
|
0.01
|
|
|
0.16
|
|
|
0.17
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes for all the
condensed consolidated financial schedules presented:
|
|
|
|
|
|
|
|
|
|
Note 1: The
conversion of Renminbi (RMB) into U.S. dollars (USD) is based on
the certified exchange rate of USD1.00=RMB6.6533 on September 29
2017 published by the Federal Reserve Board.
|
View original
content:http://www.prnewswire.com/news-releases/ctrip-reports-unaudited-third-quarter-of-2017-financial-results-300547409.html
SOURCE Ctrip.com International, Ltd.