Corporate Information The Board of Directors The board comprises executive, non-executive, and independent non-executive directors, along with members of key committees - The Board of Directors includes executive directors Wu Zhixiang (Co-Chairman) and Ma Heping (CEO), non-executive directors Liang Jianzhang (Co-Chairman), Jiang Hao, Xie Qinghua, Brent Richard Irvin, and independent non-executive directors Yang Jiahong, Dai Xiaojing, and Han Yuling56 - The Audit Committee is chaired by Yang Jiahong, the Remuneration Committee by Han Yuling, the Nomination Committee by Wu Zhixiang, and the Environmental, Social and Governance Committee by Yang Jiahong56 Company Secretary and Authorized Representatives This section provides the company secretary and authorized representatives' names, and addresses for the registered office, headquarters, and principal place of business in Hong Kong - The Company Secretary and Authorized Representative is Ms. Ma Li, and Mr. Ma Heping is also an Authorized Representative89 - The company's headquarters is located at Tongcheng Travel Building, 66 Yunhui Road, Suzhou Industrial Park, Jiangsu Province, China89 Legal Advisers and Auditor This section lists the company's legal advisors in Hong Kong, US, China, and Cayman Islands, along with its auditor and principal bankers - Legal advisers include Davis Polk & Wardwell (Hong Kong and US law), Zhong Lun Law Firm (Chinese law), and Conyers Dill & Pearman (Cayman Islands law)1011 - The company's auditor is PricewaterhouseCoopers1213 - Principal bankers include China Merchants Bank Beijing East Third Ring Branch and Bank of China Suzhou Industrial Park Branch1213 Key Highlights 1. Key Financial Metrics for the Three Months Ended June 30, 2025 The company achieved significant financial growth in Q2 2025, with total revenue up 10.0%, adjusted EBITDA up 29.7%, and adjusted net profit up 18.0% Q2 2025 Key Financial Metrics | Indicator | Q2 2025 (RMB thousands) | Q2 2024 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 4,669,431 | 4,245,357 | 10.0% | | Profit before income tax | 785,745 | 539,128 | 45.7% | | Profit for the period | 642,105 | 429,330 | 49.6% | | Adjusted EBITDA for the period | 1,185,177 | 913,465 | 29.7% | | Adjusted net profit for the period | 775,103 | 656,690 | 18.0% | | Adjusted EBITDA margin | 25.4% | 21.5% | 3.9 percentage points | | Adjusted net profit margin | 16.6% | 15.5% | 1.1 percentage points | 2. Financial Information by Segment (Three months ended June 30, 2025) Core online travel platform revenue grew 13.7% in Q2 2025, driven by accommodation and transportation, while resort revenue declined 8.0% due to Southeast Asia safety concerns Q2 2025 Segment Revenue and Operating Profit | Segment | Q2 2025 Revenue (RMB thousands) | Q2 2024 Revenue (RMB thousands) | YoY Change | Q2 2025 Operating Profit (RMB thousands) | Q2 2024 Operating Profit (RMB thousands) | | :--- | :--- | :--- | :--- | :--- | :--- | | Accommodation booking | 1,371,367 | 1,190,879 | 15.2% | - | - | | Transportation ticketing | 1,881,010 | 1,742,736 | 7.9% | - | - | | Other | 1,417,054 | 1,311,742 | 8.0% | - | - | | Total Core Online Travel Platform Revenue | 4,007,775 | 3,525,959 | 13.7% | 1,070,334 | 858,389 | | Total Resort Revenue | 661,656 | 719,398 | (8.0)% | 4,427 | 673 | | Total | 4,669,431 | 4,245,357 | 10.0% | 809,316 | 517,025 | - Unallocated items primarily include share-based compensation expenses, depreciation and amortization from acquisitions, fair value changes of financial investments, net other income/gains/losses, and certain corporate administrative expenses2122 3. Operating Metrics for the Three Months Ended June 30, 2025 Average monthly paying users (MPUs) grew 9.2% to 46.4 million in Q2 2025, indicating a continuously expanding user base Q2 2025 Operating Metrics | Indicator | Q2 2025 (million people) | Q2 2024 (million people) | YoY Change | | :--- | :--- | :--- | :--- | | Average Monthly Paying Users | 46.4 | 42.5 | 9.2% | 4. Key Financial Metrics for the Six Months Ended June 30, 2025 For the six months ended June 30, 2025, the company showed strong financial performance, with total revenue up 11.5%, adjusted EBITDA up 35.2%, and adjusted net profit up 28.6% Key Financial Metrics for the Six Months Ended June 30, 2025 | Indicator | H1 2025 (RMB thousands) | H1 2024 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 9,046,863 | 8,111,635 | 11.5% | | Profit before income tax | 1,590,807 | 991,458 | 60.5% | | Profit for the period | 1,320,606 | 829,586 | 59.2% | | Adjusted EBITDA for the period | 2,344,561 | 1,733,693 | 35.2% | | Adjusted net profit for the period | 1,563,271 | 1,215,178 | 28.6% | | Adjusted EBITDA margin | 25.9% | 21.4% | 4.5 percentage points | | Adjusted net profit margin | 17.3% | 15.0% | 2.3 percentage points | 5. Financial Information by Segment (Six months ended June 30, 2025) For the six months ended June 30, 2025, core online travel platform revenue grew 15.9%, driven by accommodation and transportation, while resort revenue declined 9.8% Six Months Ended June 30, 2025 Segment Revenue and Operating Profit | Segment | H1 2025 Revenue (RMB thousands) | H1 2024 Revenue (RMB thousands) | YoY Change | H1 2025 Operating Profit (RMB thousands) | H1 2024 Operating Profit (RMB thousands) | | :--- | :--- | :--- | :--- | :--- | :--- | | Accommodation booking | 2,561,009 | 2,155,562 | 18.8% | - | - | | Transportation ticketing | 3,881,221 | 3,479,240 | 11.5% | - | - | | Other | 2,604,633 | 2,476,833 | 5.1% | - | - | | **Total Core Online Travel Platform Revenue
同程旅行(00780) - 2025 - 中期财报