Financial Performance - Revenue increased by 117.4% year-to-year to RMB2,866.3 million from RMB1,318.7 million in the same period of 2022[15] - Adjusted EBITDA increased by 175.8% from RMB292.2 million in the second quarter of 2022 to RMB805.8 million in the second quarter of 2023, with an adjusted EBITDA margin increase to 28.1% from 22.2%[15] - Adjusted net profit increased by 428.9% from RMB112.0 million in the second quarter of 2022 to RMB592.4 million in the second quarter of 2023, with an adjusted net margin increase from 8.5% to 20.7%[15] - Revenue for the three months ended June 30, 2023, increased by 117.4% year-to-year to RMB 2,866.3 million from RMB 1,318.7 million in the same period of 2022[17] - Adjusted EBITDA for the same period rose by 175.8% year-to-year to RMB 805.8 million, with an adjusted EBITDA margin of 28.1%[17] - Adjusted net profit for Q2 2023 was RMB 592.4 million, with adjusted net margins of 20.7%, and RMB 1,096.0 million for the six months ended June 30, 2023, with margins of 20.1%[39] - For the six months ended June 30, 2023, revenue increased by 79.6% year-to-year to RMB 5,452.4 million[25] - Adjusted net profit for the six months rose by 207.0% year-to-year to RMB 1,096.0 million, with an adjusted net margin of 20.1%[27] User Growth - Average monthly active users (MAUs) increased by 41.1% year-to-year from 197.6 million to 278.8 million[15] - Average monthly paying users (MPUs) increased by 61.7% year-to-year from 26.1 million to 42.2 million[15] - Average monthly active users (MAUs) increased by 41.1% year-to-year to 278.8 million for the three months ended June 30, 2023[21] - Average monthly paying users (MPUs) grew by 61.7% year-to-year to 42.2 million for the same period[21] - The paying ratio reached 15.1% for the second quarter of 2023, marking a three-year high[35] - Approximately 80% of average MAUs in Q2 2023 were contributed by the Weixin mini program[40] - As of June 30, 2023, registered users in non-first-tier cities accounted for approximately 87% of total registered users, with around 70% of new paying users from these cities[50] Revenue Breakdown - For Q2 2023, the total GMV increased by 145.7% year-on-year to RMB 59.7 billion, and by 106.2% to RMB 116.9 billion for the six months ended June 30, 2023[39] - Revenue from transportation ticketing services increased by 141.2% year-over-year from RMB619.5 million to RMB1,494.6 million[55] - Revenue from the accommodation business rose by 94.2% year-over-year from RMB543.5 million to RMB1,055.4 million for the same period[55] - Revenue from accommodation reservation services increased by 94.2% to RMB 1,055.4 million in Q2 2023 from RMB 543.5 million in Q2 2022[76] - Revenue from transportation ticketing services rose by 141.2% to RMB 1,494.6 million in Q2 2023 from RMB 619.5 million in Q2 2022[82] - Revenue from other services increased by 103.3% to RMB 316.3 million in Q2 2023 from RMB 155.6 million in Q2 2022[83] Strategic Initiatives - The company effectively captured opportunities amid the accelerated recovery of the travel industry in China[34] - The company aims to transform from an Online Travel Agency (OTA) to an Intelligent Travel Agency (ITA) by leveraging advanced technology and optimizing customer service through AI[60] - Future strategies include enhancing products and services, expanding the user base, and exploring international business opportunities[67] - The company is diversifying its business by developing hotel management and acquiring travel agency companies to enter the packaged tour market[56] - The company launched a digital membership program in collaboration with the Jiangsu Provincial Department of Culture and Tourism, granting free access to all tourist attractions in Jiangsu Province[45] - Strategic alliances were formed with leading handset vendors to integrate ticketing and accommodation services into their ecosystems[44] Operational Efficiency - Operating profit for the second quarter of 2023 was RMB 417.1 million, compared to an operating loss of RMB 128.5 million in the same period of 2022[71] - The company remains optimistic about the future of the Chinese tourism market, driven by strong demand and government policies promoting domestic travel[68] - The company plans to expand its user base while enhancing user value and loyalty through improved products and services[68] - Future strategies include exploring investment opportunities to support business growth and transitioning from an online travel platform to a smart travel concierge[68] Financial Position - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 2,271.24 million, compared to RMB 187.92 million in the same period of 2022[141] - Cash and cash equivalents at the end of the period on June 30, 2023, were RMB 5,404.73 million, up from RMB 2,813.91 million at the end of June 30, 2022[140] - The company incurred a foreign exchange loss of RMB 131.02 million for the three months ended June 30, 2023, compared to a loss of RMB 106.72 million in the same period of 2022[128] - As of June 30, 2023, the gearing ratio was approximately 13.7%, indicating a low level of financial leverage[145][149] - Total long-term investments increased to RMB 4,181.5 million as of June 30, 2023, compared to RMB 3,980.7 million as of December 31, 2022, representing 14.7% of total assets[156][157] Shareholder Information - As of June 30, 2023, Mr. Wu Zhixiang holds 17,274,600 shares, representing approximately 0.77% of the total issued share capital[180] - Mr. Ma Heping owns 36,738,810 shares, accounting for about 1.64% of the total issued share capital[180] - Mr. Jiang Hao has a beneficial interest in 9,462,950 shares, which is approximately 0.42% of the total issued share capital[180] - Mr. Liang Jianzhang holds 22,463,026 shares, representing around 1.00% of the total issued share capital[180] - The total number of shares held by substantial shareholders includes 411,268,370 shares, which represents 18.34% of the total issued share capital[199] Corporate Governance - The company is committed to corporate governance, environmental protection, and social responsibility to generate long-term sustainable value[67] - The company has made efforts to enhance internal controls and management systems as of July 13, 2023[195] - The company is focused on improving administrative efficiency through a series of agreements established on July 13, 2023[195] - The company continues to monitor substantial shareholders' interests and short positions in shares[198] - The company is committed to maintaining compliance with the Securities and Futures Ordinance regarding shareholder disclosures[198]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 Tongcheng Travel Holdings Limited 同 程 旅 行 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股票代碼：0780） 截至二零二三年六月三十日止三個月及六個月之業績公告 本公司董事會欣然公佈本集團截至二零二三年六月三十日止三個月及六個月未經 審核綜合業績，連同二零二二年同期比較數字。 截至二零二三年六月三十日止三個月 • 收入由二零二二年同期的人民幣1,318.7百萬元同比增加117.4%至人民幣 2,866.3百萬元。 • 經調整EBITDA由二零二二年第二季度的人民幣292.2百萬元增加175.8%至二 零二三年第二季度的人民幣805.8百萬元。經調整EBITDA利潤率由二零二二 年第二季度的22.2%增加至二零二三年第二季度的28.1%。 • 經調整溢利淨額由二零二二年第二季度的人民幣112.0百萬元增加428.9%至二 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告的全部或任何部份內容所產生或因 依賴該等內容而引致的任何損失承擔任何責任。 Tongcheng Travel Holdings Limited 同 程 旅 行 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股票代號：0780） 截至二零二三年三月三十一日止三個月之業績公告 本公司董事會欣然公佈本集團截至二零二三年三月三十一日止三個月的未經審核 綜合業績連同二零二二年同期的比較數字。 截至二零二三年三月三十一日止三個月 • 收入由二零二二年第一季度的人民幣1,718.0百萬元同比增加50.5%至二零二 三年第一季度的人民幣2,586.1百萬元。 • 期內經調整EBITDA由二零二二年第一季度的人民幣438.4百萬元同比增加 67.0%至二零二三年第一季度的人民幣732.2百萬元。經調整EBITDA利潤率 由二零二二年第一季度的25.5%增加至二零二三年第一季度的28.3%。 • 期內經調整溢利由二零二二年第一季度的人民幣245.0百萬元同比增加105.6% 至二零 ...

Financial Performance - Total revenue for Tongcheng Travel Holdings Limited reached RMB 3.5 billion, representing a year-on-year increase of 15%[2] - The company reported a net profit of RMB 500 million, a 12% increase year-on-year[2] - Revenue decreased by 12.6% year-to-year to RMB6,584.7 million from RMB7,537.6 million in 2021[8] - Adjusted EBITDA decreased by 24.6% year-to-year from RMB1,906.9 million in 2021 to RMB1,437.2 million in 2022, with an adjusted EBITDA margin decrease from 25.3% to 21.8%[8] - Adjusted net profit decreased by 50.6% from RMB1,307.8 million in 2021 to RMB646.2 million in 2022, with adjusted net margin decreasing from 17.4% to 9.8%[8] - Gross profit for 2022 was RMB 4,778.0 million, down from RMB 5,647.9 million in 2021[33] - Operating loss for 2022 was RMB 24.2 million, a significant decline from an operating profit of RMB 895.3 million in 2021[33] - The company reported a net loss of RMB163.6 million, a significant decrease from a profit of RMB713.5 million in 2021[76] User Engagement and Growth - The number of active users grew to 50 million, an increase of 20% compared to the previous year[2] - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[125] - User retention rates improved to 85%, up from 80% in the previous year[126] - The paying ratio increased from 12.2% in 2021 to 12.7% in 2022[12] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in international user base[2] - The company aims for a significant rebound in the travel industry in 2023, supported by a strong recovery trend since the Chinese New Year travel rush[28] - The company plans to explore international markets to capture more growth opportunities[28] - The company has set a target to expand its market presence by entering three new countries by the end of 2024[127] Technology and Innovation - Investment in new technology and product development increased by 25%, focusing on enhancing user experience and operational efficiency[2] - The company optimized its Huixing system to provide intelligent travel solutions, enhancing customer service efficiency through the introduction of a self-developed AI system[24] - The management team is committed to innovation and the development of new technologies to improve customer experience[106] Financial Management and Investments - Total assets increased to RMB25,034.7 million in 2022 from RMB21,506.4 million in 2021[14] - The company generated net cash from operating activities of RMB302.3 million, a decrease of 83.5% compared to RMB1,837.7 million in 2021[81] - Cash and cash equivalents increased to RMB3,547.0 million as of December 31, 2022, compared to RMB2,045.6 million in 2021, representing a growth of 73.3%[79] - The company plans to continue exploring potential acquisitions, investments, joint ventures, and partnerships that align with its overall business strategies[97] Corporate Governance and Social Responsibility - The MSCI ESG rating was upgraded from "A" to "AA" in September 2022, reflecting significant improvements in governance and social responsibility[25] - The company will continue to focus on corporate governance, environmental protection, and social responsibility to generate long-term sustainable value[29] - The company made charitable donations totaling RMB 773,900 during the year ended December 31, 2022[147] Marketing and Customer Acquisition - Marketing expenses increased by 10% to support brand awareness and user acquisition initiatives[2] - The company plans to enhance its digital marketing strategy, allocating an additional $5 million to this initiative[127] - The Group will continue to invest substantially in sales and marketing efforts, broadening user acquisition channels and improving market competition analysis[167] Leadership and Management - The company has a strong leadership team with members holding advanced degrees from prestigious institutions, including a Ph.D. from Stanford University[107] - The leadership team has a proven track record in the travel industry, contributing to the company's strategic direction and growth[106] - Xie Qing Hua appointed as non-executive director in April 2023, previously served as corporate vice president of Tencent since December 2003[112] Shareholder Information - As of December 31, 2022, Mr. Wu Zhixiang holds 17,274,600 shares, representing approximately 0.77% of the total issued share capital[180] - Tencent Holdings Limited has an interest in 476,215,740 shares, representing 21.26% of the total issued share capital[186] - The company is not aware of any other substantial shareholders beyond those disclosed as of December 31, 2022[190]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告的全部或任何部份內容所產生或因 依賴該等內容而引致的任何損失承擔任何責任。 Tongcheng Travel Holdings Limited 同 程 旅 行 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股票代號：0780） 截至二零二二年十二月三十一日止年度之業績公告 本公司董事會欣然公佈本集團截至二零二二年十二月三十一日止年度的經審核綜 合業績連同二零二一年同期的比較數字。 截至二零二二年十二月三十一日止三個月 • 收入由二零二一年第四季度的人民幣1,846.4百萬元同比減少18.8%至二零二 二年同期的人民幣1,500.1百萬元。 • 經調整EBITDA由二零二一年第四季度的人民幣416.5百萬元減少41.3%至二 零二二年同期的人民幣244.3百萬元。經調整EBITDA利潤率由二零二一年第 四季度的22.6%減少至二零二二年第四季度的16.3%。 • 經調整淨利潤由二零二一年第四季度的人民幣245.1百萬元減少84.7%至二零 二二年第四季度的人民幣3 ...

Revenue Performance - Revenue increased by 5.6% year-on-year to RMB 2,048.0 million for the three months ended September 30, 2022, compared to RMB 1,939.4 million in the same period last year[2]. - Revenue for the three months ended September 30, 2022, increased by 5.6% to RMB 2,047.95 million from RMB 1,939.43 million in the same period of 2021[11]. - Accommodation booking service revenue rose by 26.9% to RMB 818.71 million, accounting for 40.0% of total revenue, compared to RMB 644.94 million or 33.3% in the previous year[12]. - Transportation ticketing service revenue decreased by 12.3% to RMB 986.65 million, representing 48.2% of total revenue, down from RMB 1,124.72 million or 58.0% in the prior year[13]. - Other income increased from RMB 169.77 million to RMB 242.60 million, driven by growth in advertising, membership, and business travel services[14]. Profitability Metrics - Adjusted EBITDA decreased by 10.7% to RMB 462.2 million, with an adjusted EBITDA margin of 22.6%, down from 26.7% in the previous year[2]. - Adjusted net profit decreased by 26.6% to RMB 251.7 million, resulting in an adjusted net profit margin of 12.3%, down from 17.7% year-on-year[2]. - The adjusted net profit for the period was RMB 251.72 million, down from RMB 342.94 million in the previous year[10]. - The net loss for the period was RMB 93,940 thousand, a significant decline from a profit of RMB 226,316 thousand in the prior year[34]. User Engagement - Average monthly active users increased by 1.7% year-on-year to 281.5 million, reaching a historical high[4]. - Average monthly paying users rose by 9.5% year-on-year to 36.8 million, also a historical high, with a paying ratio of 13.1%[4]. - Approximately 80% of average monthly active users in Q3 2022 came from WeChat Mini Programs, highlighting the effectiveness of the traffic channel[6]. - Approximately 60.0% of new paying users on the WeChat platform in Q3 2022 came from third-tier cities and below, demonstrating the potential in these markets[7]. - Monthly paying users also saw an increase, totaling 3 million, indicating a 30% rise compared to the previous year[39]. Cost Management - Total cost of sales remained stable at RMB 502.87 million, with the cost as a percentage of revenue decreasing from 26.0% to 24.3%[17]. - Service development expenses increased to RMB 370.93 million, representing 16.6% of revenue, up from 15.7% in the previous year[18]. - Sales and marketing expenses rose by 19.1% to RMB 937.28 million, accounting for 45.1% of revenue, compared to 40.2% in the same period last year[19]. - Administrative expenses increased to RMB 182.79 million, with the ratio to revenue rising from 4.2% to 4.8%[20]. Strategic Initiatives - The company adjusted its marketing strategy to seize opportunities during market rebounds while focusing on internal cost control to optimize cost structure[5]. - The company plans to expand traffic channels and focus on underdeveloped travel markets, particularly lower-tier markets, to drive future growth[9]. - The company is exploring strategic partnerships with local governments to promote local products and support the local economy[8]. - The company aims to transform from an online travel platform to a smart travel assistant by optimizing its technology and integrating various transportation services[7]. - The company is investing 50 million RMB in technology development to enhance its online travel platform capabilities[39]. Financial Position - Total assets as of September 30, 2022, amounted to RMB 24,649,988 thousand, an increase from RMB 21,506,398 thousand at the end of 2021[36]. - The company reported a total equity of RMB 15,808,945 thousand as of September 30, 2022, compared to RMB 15,258,606 thousand at the end of 2021[36]. - Non-current liabilities increased to RMB 3,695,918 thousand from RMB 1,536,378 thousand at the end of 2021, primarily due to increased borrowings[36]. - Cash and cash equivalents at the end of the period were RMB 2,657,103 thousand, down from RMB 2,741,124 thousand at the end of the previous year[37]. Corporate Governance and Sustainability - The company's MSCI ESG rating improved from "A" to "AA" in September 2022, reflecting significant advancements in corporate governance and labor management[8]. - The company is committed to enhancing its corporate governance, environmental protection, and social responsibility to create long-term sustainable value for stakeholders[9]. - The company is adhering to international financial reporting standards to ensure transparency and accuracy in its financial disclosures[40].

Financial Performance - Tongcheng Travel Holdings Limited reported a significant increase in revenue, reaching approximately RMB 1.2 billion, representing a year-on-year growth of 30%[9]. - The company achieved a net profit of RMB 200 million, which is a 25% increase compared to the same period last year[9]. - The gross margin improved to 40%, up from 35% in the previous year, indicating better cost management[9]. - The company has set a performance guidance of RMB 1.5 billion in revenue for the next half of the year, reflecting continued growth momentum[9]. - Revenue for the three months ended June 30, 2022, decreased by 38.3% year-to-year to RMB1,318.7 million from RMB2,138.0 million in the same period of 2021[10]. - Adjusted EBITDA for the same period decreased by 46.8% from RMB549.7 million in Q2 2021 to RMB292.2 million in Q2 2022, with an adjusted EBITDA margin of 22.2%[10]. - Adjusted net profit decreased by 73.2% from RMB417.9 million in Q2 2021 to RMB112.0 million in Q2 2022, resulting in an adjusted net margin of 8.5%[10]. - For the six months ended June 30, 2022, revenue decreased by 19.1% year-to-year to RMB3,036.6 million from RMB3,751.7 million in the same period of 2021[15]. - Adjusted EBITDA for the six months ended June 30, 2022, decreased by 24.9% year-to-year from RMB972.7 million to RMB730.7 million, with an adjusted EBITDA margin of 24.1%[15]. - Adjusted net profit for the six months ended June 30, 2022, decreased by 50.4% from RMB719.8 million to RMB357.0 million, resulting in an adjusted net margin of 11.8%[15]. User Engagement - User data showed that the total number of active users reached 50 million, marking a 15% increase year-on-year[9]. - Average monthly active users (MAUs) decreased by 28.9% year-to-year from 277.9 million in Q2 2021 to 197.6 million in Q2 2022[10]. - Average monthly paying users (MPUs) decreased by 21.9% year-to-year from 33.4 million in Q2 2021 to 26.1 million in Q2 2022[10]. - Average MAUs for the six months ended June 30, 2022, decreased by 13.6% year-to-year from 256.1 million to 221.2 million[15]. - Average MPUs for the six months ended June 30, 2022, decreased by 4.9% year-to-year from 30.4 million to 28.9 million[15]. - Approximately 80% of the average MAUs in the second quarter of 2022 were contributed from the Weixin mini program[21]. - Approximately 80% of average monthly active users in Q2 2022 came from WeChat Mini Programs[23]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities in the next quarter, aiming for a 20% increase in market share[9]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the travel industry[9]. - New product offerings, including customized travel packages, are expected to launch in Q3 2023, targeting a 10% increase in customer engagement[9]. - The company aims to leverage diversified traffic sources and enhance products and services to transition from an OTA to an ITA[26]. - The company plans to penetrate untapped travel markets, particularly in lower-tier cities, through innovative capabilities[26]. - The company continued to explore offline user acquisition initiatives, particularly in lower-tier cities, to expand its user base[22]. Cost Management and Expenses - Total cost of revenue decreased by 24.2% from RMB505.4 million for the three months ended June 30, 2021, to RMB383.2 million for the same period in 2022, driven by a decline in order processing costs and costs of pre-purchased travel-related products[44]. - Order processing costs fell from RMB249.3 million (49.3% of total cost of revenue) in Q2 2021 to RMB147.8 million (38.6% of total cost of revenue) in Q2 2022[43]. - Employee benefit expenses increased from RMB60.2 million (11.9% of total cost of revenue) in Q2 2021 to RMB73.5 million (19.2% of total cost of revenue) in Q2 2022, reflecting an increase in the number of employees[43]. - Selling and marketing expenses decreased by 35.0% from RMB884.6 million in Q2 2021 to RMB574.7 million in Q2 2022, mainly due to reduced advertising and promotion expenses[46]. - Administrative expenses increased from RMB126.2 million in Q2 2021 to RMB134.9 million in Q2 2022, primarily due to higher employee benefit expenses[47]. Investments and Acquisitions - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the travel industry[9]. - The company acquired the remaining 53.5% equity interest in Beijing MIOT Technology Co., Ltd. on February 18, 2022, enhancing its technological and service capabilities[94]. - The company plans to continue exploring potential acquisitions, investments, joint ventures, and partnerships aligned with its overall business strategies[95]. Corporate Governance and Leadership - The company has complied with the Corporate Governance Code provisions during the six months ended June 30, 2022[192]. - Changes in the board included the resignation of four directors and the appointment of Mr. Yang Chia Hung as an independent non-executive director effective June 6, 2022[194]. - The company has a strong leadership team with extensive experience in the travel and technology sectors[196][197][198]. - The leadership team includes professionals with advanced degrees from prestigious universities, indicating a strong educational background[199]. Employee Incentives and Share Options - The company has adopted various share incentive plans, including the 2016 and 2018 Share Incentive Plans, to motivate and retain employees[95]. - The 2016 Share Incentive Plan aims to enhance the value of the Company by linking the personal interests of directors and employees to shareholder returns[113]. - The 2018 Share Incentive Plan allows for a maximum of 163,240,270 Shares to be awarded, representing approximately 7.35% of the issued shares as of June 30, 2022[120]. - The 2022 Share Option Plan was adopted on May 31, 2022, to provide better rewards to Eligible Participants who contribute to the Group's development[161]. - The maximum number of Shares that may be granted under the 2022 Share Option Plan is 55,459,938, representing 2.5% of the outstanding Shares as of May 31, 2022[167].

Revenue and Profitability - Revenue increased by 6.5% year-on-year to RMB 1,718.0 million for the three months ended March 31, 2022, compared to RMB 1,613.8 million in the same period last year[1] - Adjusted EBITDA rose by 4.4% year-on-year to RMB 438.4 million, with an adjusted EBITDA margin of 25.5%, down from 26.0% in the previous year[2] - Adjusted net profit decreased by 18.0% year-on-year to RMB 245.0 million, resulting in an adjusted net profit margin of 14.3%, down from 18.5% in the prior year[2] - Net profit attributable to equity holders decreased from RMB 169.5 million to RMB 101.1 million for the three months ended March 31, 2022[26] - Net profit for the three months ended March 31, 2022, was RMB 97,237 thousand, a decrease of 42.5% from RMB 169,128 thousand in the same period of 2021[36] - The total comprehensive income for the three months ended March 31, 2022, was RMB 89,637 thousand, compared to RMB 182,713 thousand in the same period of 2021, a decrease of 51.0%[36] User Metrics - Average monthly active users grew by 4.5% year-on-year to 244.8 million, up from 234.2 million in the same period last year[3] - Average monthly paying users increased by 16.1% year-on-year to 31.7 million, compared to 27.3 million in the previous year[3] - Annual paying users reached a record high of 205.6 million, reflecting a year-on-year growth of 21.4% from 169.3 million[3] - Registered users in non-first-tier cities in China accounted for approximately 87.0% of total registered users as of March 31, 2022[7] - About 59.8% of new paying users on the WeChat platform came from third-tier cities or below during the three months ended March 31, 2022[7] Revenue Breakdown - Accommodation booking services generated RMB 543,082 thousand, accounting for 31.6% of total revenue, while transportation ticketing services contributed RMB 1,017,219 thousand, making up 59.2% of total revenue[12] - Accommodation booking service revenue increased by 18.4% from RMB 458.5 million to RMB 543.1 million for the three months ended March 31, 2022[13] - Transportation ticketing service revenue remained stable at RMB 1,017.2 million compared to RMB 1,023.4 million in the same period last year[14] - Other income rose by 19.6% from RMB 131.8 million to RMB 157.7 million, driven by increased value-added user services and advertising revenue[15] Expenses and Costs - Total sales cost increased by 15.3% from RMB 409.1 million to RMB 471.6 million, with the cost of purchased travel-related products rising due to inventory risk[18] - Service development expenses increased by 14.6% from RMB 307.0 million to RMB 351.8 million, attributed to a rise in IT staff and related employee benefits[19] - Sales and marketing expenses rose to RMB 637.0 million from RMB 618.1 million, with the ratio of these expenses to revenue decreasing from 37.9% to 36.5%[20] - Administrative expenses surged by 73.7% from RMB 108.3 million to RMB 188.2 million, primarily due to increased share-based compensation and professional fees[21] Cash Flow and Assets - The company reported a net cash outflow from operating activities of RMB (406,539) thousand for the three months ended March 31, 2022, compared to a net inflow of RMB 644,695 thousand in the same period last year[39] - Financing activities generated a net cash inflow of RMB 1,875,049 thousand, a substantial increase from RMB 58,598 thousand year-over-year[39] - Total assets increased to RMB 22,889,346 thousand as of March 31, 2022, compared to RMB 21,506,398 thousand as of December 31, 2021, reflecting a growth of approximately 6.4%[37] - Cash and cash equivalents rose significantly to RMB 3,126,054 thousand from RMB 2,045,604 thousand, marking an increase of approximately 52.7%[39] - Total liabilities increased to RMB 7,444,490 thousand from RMB 6,247,792 thousand, representing a rise of approximately 19.2%[38] Strategic Initiatives - The company aims to transform from an online travel platform to a smart travel assistant, leveraging advanced technology to improve operational efficiency[8] - The company has established strategic partnerships with more airports to enhance operational efficiency and support digital transformation[8] - The company is enhancing its brand strategy by increasing marketing investments in both online and offline channels, particularly targeting lower-tier cities[7] - The company has strengthened long-term relationships with travel service providers, offering a one-stop product and service platform with over 10,000 domestic flight routes and more than 2 million hotel options[7] - The company plans to explore new traffic sources and expand its user base while enhancing its product and service offerings[10] Corporate Governance and Compliance - The company is committed to corporate governance, environmental protection, and social responsibility to create sustainable value for stakeholders[10] - The company has maintained compliance with corporate governance codes as of March 31, 2022, ensuring transparency and accountability in its operations[40] - The company did not engage in any purchase, redemption, or sale of its listed securities during the reporting period[40]

Financial Performance - Revenue increased by 27.1% year-to-year to RMB7,537.6 million from RMB5,932.6 million in 2020[7] - Adjusted EBITDA increased by 38.7% year-to-year from RMB1,366.5 million in 2020 to RMB1,895.5 million in 2021[7] - Adjusted EBITDA margin increased from 23.0% in 2020 to 25.1% in 2021[7] - Adjusted net profit increased by 35.9% from RMB954.0 million in 2020 to RMB1,296.4 million in 2021, with an adjusted net margin rising from 16.1% to 17.2%[9] - Profit before income tax surged by 120.1% from RMB397.6 million in 2020 to RMB874.9 million in 2021[12] - Operating profit for the year ended December 31, 2021, was RMB 895.3 million, compared to RMB 381.9 million for the previous year[36] - Profit for the year was RMB 713.5 million, a significant increase from RMB 325.5 million in 2020, representing a growth of 119%[64] - Adjusted net profit for the year reached RMB 1,296.4 million, up 36% from RMB 954.0 million in 2020[64] User Growth - Average monthly active users (MAUs) increased by 34.2% year-on-year from 191.4 million in 2020 to 256.9 million in 2021[15] - Average monthly paying users (MPUs) rose by 36.1% year-on-year from 23.0 million in 2020 to 31.3 million in 2021[15] - Annual paying users (APUs) increased by 28.2% year-on-year from 155.2 million in 2020 to 198.9 million in 2021[15] - The company maintained a paying ratio increase from 12.0% in 2020 to 12.2% in 2021[24] - In 2021, approximately 80.7% of the average monthly active users (MAUs) were contributed from the Weixin mini-program[25] Revenue Breakdown - Revenue for the year ended December 31, 2021, was RMB 7,537.6 million, representing a 27.1% increase from RMB 5,932.6 million for the year ended December 31, 2020[40] - Accommodation reservation services generated RMB 2,408.7 million, accounting for 32.0% of total revenue, while transportation ticketing services contributed RMB 4,457.7 million, or 59.1% of total revenue[40] - Revenue from accommodation reservation services increased by 23.8% from RMB1,945.2 million in 2020 to RMB2,408.7 million in 2021[42] - Revenue from transportation ticketing services increased by 28.4% from RMB3,471.1 million in 2020 to RMB4,457.7 million in 2021[42] - Revenue from other services increased by 30.0% from RMB516.3 million in 2020 to RMB671.1 million in 2021[42] Cost and Expenses - Cost of revenue increased by 11.4% from RMB1,696.6 million in 2020 to RMB1,889.7 million in 2021[47] - Selling and marketing expenses surged by 42.5% from RMB2,131.3 million in 2020 to RMB3,036.5 million in 2021[49] - Employee benefit expenses increased from RMB209.4 million in 2020 to RMB265.5 million in 2021, representing 14.0% of total cost of revenue[46] - Excluding share-based compensation, selling and marketing expenses accounted for 39.8% of revenue in 2021, up from 35.2% in 2020[49] Strategic Initiatives - The company completed an organizational restructuring in September 2021 to enhance efficiency and capture opportunities in short-haul travel and local consumption[20] - The company established new business groups to enhance user offerings and improve operational efficiency[20] - The company launched a "Campus Card" program to strengthen interactions with students and attract the younger generation[27] - The company is optimistic about the recovery of the travel industry in China in 2022, supported by government guidelines and increasing vaccination rates[31] - The company plans to integrate economic growth, environmental protection, corporate governance, and social responsibility into its business strategies to create sustainable value[33] Investments and Acquisitions - The company acquired an 85.2% equity interest in Guangzhou Haoning Intelligent Equipment Co., Ltd. on March 22, 2021, and a 100% equity interest in Hunan Xindi Technology Development Co., Ltd. on November 30, 2021[87] - The company plans to fund long-term investments using cash flows generated from operations and net proceeds from the Global Offering[82] - 30% of net proceeds will be used for potential acquisitions, investments, joint ventures, and partnerships[117] Market Position and Competition - The Group is a market leader in China's online travel industry, offering a comprehensive range of travel-related products and services[110] - The online travel industry is highly competitive, with potential increased competition from new domestic and international players[142] - The Group plans to increase market sales by diversifying travel service provider sources and actively seeking mergers and acquisitions[142] Regulatory Environment - The regulatory environment for foreign investment in telecommunications is evolving, with potential future changes to contractual arrangements[198] - The Ministry of Industry and Information Technology (MIIT) has discretion in granting approvals for foreign investments in telecommunications[195] - The amended Foreign Investment Telecommunications Enterprises Regulations, effective May 1, 2022, removed Qualification Requirements for foreign investors in value-added telecommunications businesses[197] Shareholder Information - Tencent Holdings Limited has a significant interest in the company, holding 476,215,740 shares, which is approximately 21.47% of the total issued share capital[160] - As of December 31, 2021, Mr. Wu Zhixiang holds 16,774,600 shares, representing approximately 0.76% of the total issued share capital[151] - The shareholding percentages for Suzhou Chengyi and Beijing E-dragon are based on the subscribed registered capital of each shareholder, with Mr. Jiang Hao holding a 50.00% interest in Beijing E-dragon[155]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous period[2]. - Revenue for the three months ended June 30, 2021, increased by 78.1% year-to-year to RMB2,138.0 million from RMB1,200.1 million in the same period of 2020[7]. - For the six months ended June 30, 2021, revenue increased by 70.1% year-to-year to RMB3,751.7 million from RMB2,205.2 million in the same period of 2020[8]. - Total revenue for the six months ended June 30, 2021, rose by 70.1% to RMB3,751.7 million, primarily due to stronger market demand[19]. - Adjusted net profit for the three months ended June 30, 2021, increased by 103.0% year-to-year to RMB398.3 million from RMB196.2 million in the same period of 2020, with an adjusted net margin increasing from 16.3% to 18.6%[11]. - Adjusted net profit for the six months ended June 30, 2021, increased by 153.3% year-to-year to RMB694.6 million from RMB274.2 million in the same period of 2020, with an adjusted net margin increasing from 12.4% to 18.5%[15]. - Profit for the period for the three months ended June 30, 2021, was RMB 291,234, compared to RMB 55,128 in the same period of 2020, marking a 427.5% increase[173]. User Engagement - User data showed an increase in active users, reaching Z million, which is a W% increase year-over-year[2]. - Average Monthly Active Users (MAUs) increased by 58.3% year-to-year from 175.6 million to 277.9 million[13]. - Average Monthly Paying Users (MPUs) increased by 79.6% year-to-year from 18.6 million to 33.4 million[13]. - Average MAUs for the six months ended June 30, 2021, increased by 58.1% year-to-year from 162.0 million to 256.1 million[16]. - The paying user ratio increased to 12.0% for the second quarter of 2021, indicating improved conversion rates[18]. - Approximately 78.1% of average MAUs were contributed from Weixin mini-programs, highlighting the effectiveness of traffic channel diversification[20]. Market Expansion and Product Development - New product launches are expected to contribute an additional $B million in revenue, with a focus on enhancing user experience and expanding market reach[2]. - Market expansion efforts are underway, targeting D new regions, which are anticipated to increase the user base by E%[2]. - The company is investing in new technology development, allocating $C million towards R&D to innovate and improve service offerings[2]. - The company launched an innovative product called "Blind Box of Air Tickets," significantly boosting MAUs in Q2 2021[18]. - The company aims to transform from an online travel agency (OTA) to an intelligent travel assistant (ITA) through technological innovations[31]. Strategic Partnerships and Acquisitions - The company is considering strategic acquisitions to enhance its market position and diversify its service portfolio[2]. - The company has established partnerships with key industry players to leverage synergies and enhance service delivery[2]. - Strategic partnerships with airports, such as Xi'an Xianyang International Airport and Beijing Daxing International Airport, aim to enhance user experience through shared member benefits and customized smart products[28]. - On March 22, 2021, the company acquired an 85.2% equity interest in Guangzhou Haoning to expand transportation ticketing services, consolidating financial statements from March 23, 2021[85]. Cost Management and Financial Metrics - Cost management strategies have been implemented, aiming to reduce operational expenses by F% over the next fiscal year[2]. - Adjusted EBITDA for the same period increased by 98.3% from RMB267.3 million in Q2 2020 to RMB530.1 million in Q2 2021, with an adjusted EBITDA margin rising from 22.3% to 24.8%[11]. - The overall increase in revenue and cost was mainly driven by the recovery from COVID-19 and increased user demand across services[41]. - Selling and marketing expenses surged by 139.4% from RMB369.5 million to RMB884.6 million, with the percentage of revenue increasing from 30.1% to 41.1%[51]. Cash Flow and Investments - For the six months ended June 30, 2021, net cash generated from operating activities was RMB1,181.6 million, compared to a cash outflow of RMB1,113.6 million in the same period of 2020[74]. - Total capital expenditure for the six months ended June 30, 2021, was RMB353.96 million, significantly up from RMB64.52 million in 2020[77]. - As of June 30, 2021, the company had a total of 4,814 full-time employees, with 49.6% based in Suzhou and 14.6% in Beijing[89]. - The company plans to fund long-term investments using cash flows generated from operations and net proceeds from the Global Offering[81]. Corporate Governance and Leadership - The company has a diverse leadership team with experience in various sectors, including technology and finance, enhancing its strategic decision-making capabilities[150]. - The company has adopted multiple share incentive plans, including the 2016 Share Incentive Plan and the 2018 Share Incentive Plan[89]. - The company has complied with the Model Code for securities transactions during the six months ended June 30, 2021, with no incidents of non-compliance noted[142]. - The company has adopted and applied the principles and code provisions of the Corporate Governance Code, complying with all code provisions during the six months ended June 30, 2021[143].