携程集团-S(09961) - 2023 - 中期财报

Financial Performance - Net revenue for Q2 2023 reached RMB 11.2 billion (USD 1.6 billion), a 180% increase year-over-year and a 22% increase quarter-over-quarter[3]. - Q2 2023 net profit was RMB 648 million (USD 91 million), compared to RMB 43 million in the same period of 2022[6]. - Adjusted EBITDA for Q2 2023 was RMB 3.7 billion (USD 570 million), with an EBITDA margin of 33%, up from 9% in Q2 2022[6]. - Total revenue for Q2 2023 reached RMB 11,262 million, a 40.5% increase from RMB 8,127 million in Q2 2022[13]. - Gross profit for Q2 2023 was RMB 9,240 million, a 52.3% increase compared to RMB 6,077 million in Q2 2022[13]. - Operating profit for Q2 2023 was RMB 2,977 million, compared to an operating loss of RMB 167 million in Q2 2022[13]. - Ctrip Group reported a net profit of RMB 648 million for the three months ended June 30, 2023, compared to a net profit of RMB 43 million for the same period in 2022, representing a significant increase[15]. - Adjusted EBITDA for the same period reached RMB 3,678 million, up from RMB 355 million in the previous year, indicating a substantial growth in operational performance[15]. - The diluted earnings per share for the second quarter of 2023 was RMB 5.11, a significant increase from a loss of RMB 0.31 per share in the same quarter of 2022[16]. Revenue Breakdown - Revenue from accommodation bookings in Q2 2023 was RMB 4.3 billion (USD 591 million), a 216% increase year-over-year[4]. - Revenue from transportation ticketing in Q2 2023 was RMB 4.8 billion (USD 664 million), a 173% increase year-over-year[5]. - Revenue from vacation business in Q2 2023 was RMB 722 million (USD 100 million), a 492% increase year-over-year[5]. - Accommodation booking revenue for Q2 2023 was RMB 4,285 million, up 57.5% from RMB 2,807 million in Q2 2022[13]. - Transportation ticketing revenue for Q2 2023 increased to RMB 4,814 million, representing a 40.5% rise from RMB 3,426 million in Q2 2022[13]. Cash and Assets - As of June 30, 2023, the company had cash and cash equivalents totaling RMB 75 billion (USD 10.3 billion)[7]. - As of June 30, 2023, the total assets of Trip.com Group amounted to RMB 218.216 billion, an increase from RMB 191.691 billion as of December 31, 2022, representing a growth of approximately 13.8%[11]. - Cash, cash equivalents, and restricted cash reached RMB 36.843 billion as of June 30, 2023, significantly up from RMB 18.487 billion at the end of 2022, indicating a growth of approximately 99.5%[11]. - The total liabilities increased to RMB 99.815 billion as of June 30, 2023, compared to RMB 78.672 billion at the end of 2022, reflecting a rise of about 27%[12]. - The total equity attributable to shareholders increased to RMB 117.649 billion as of June 30, 2023, from RMB 112.283 billion at the end of 2022, marking a growth of about 4.1%[12]. Strategic Focus and Future Plans - The company plans to leverage strong travel demand to drive further growth and job creation in the industry[3]. - The company continues to focus on expanding its market presence and enhancing its travel platform offerings to attract more users globally[10]. - Trip.com Group emphasizes the importance of strategic investments and acquisitions to drive future growth and mitigate competitive risks[9]. - The company is actively developing new products and technologies to improve user experience and operational efficiency[10]. - The company plans to continue expanding its market presence and investing in new technologies to enhance user experience and operational efficiency[15]. Research and Development - R&D expenses in Q2 2023 were RMB 3 billion (USD 470 million), accounting for 26% of net revenue, reflecting a 67% increase year-over-year[5]. - Research and development expenses for Q2 2023 totaled RMB 2,953 million, a decrease from RMB 3,746 million in Q2 2022[13]. - Research and development expenses amounted to RMB 3,746 million, representing a 26% increase in share-based compensation[20]. Risk Management - Management remains cautious about potential risks, including economic slowdowns and regulatory changes that could impact future performance[8]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[20].