携程集团-S(09961) - 2023 Q3 - 季度业绩

Financial Performance - In Q3 2023, Trip.com Group's net revenue reached RMB 13.7 billion (USD 1.9 billion), representing a 99% year-over-year increase and a 22% quarter-over-quarter increase[3]. - The company's net profit for Q3 2023 was RMB 4.6 billion (USD 637 million), compared to RMB 245 million in Q3 2022[5]. - Total revenue for Q3 2023 reached RMB 13,751 million, a 22% increase from RMB 11,262 million in Q2 2023[13]. - Net profit for Q3 2023 was RMB 4,615 million, significantly up from RMB 631 million in Q2 2023[14]. - Adjusted EBITDA for Q3 2023 was RMB 4.6 billion (USD 634 million), with an adjusted EBITDA margin of 34%, up from 21% in Q3 2022[5]. - Adjusted EBITDA for Q3 2023 was RMB 4,622 million, with an EBITDA margin of 34%[15]. - Operating profit for Q3 2023 was RMB 3,909 million, up from RMB 2,977 million in Q2 2023[15]. - The company reported a basic earnings per share of RMB 7.05 for Q3 2023, compared to RMB 0.97 in Q2 2023[14]. Revenue Breakdown - Revenue from accommodation bookings was RMB 5.6 billion (USD 766 million), a 92% increase year-over-year[4]. - Accommodation booking revenue for Q3 2023 was RMB 5,589 million, up 30% from RMB 4,285 million in Q2 2023[13]. - Revenue from transportation ticketing was RMB 5.4 billion (USD 736 million), a 105% increase year-over-year[4]. - Transportation ticketing revenue for Q3 2023 was RMB 5,367 million, an increase of 11% compared to RMB 4,814 million in Q2 2023[13]. Market and Growth - Hotel bookings in China grew over 90% year-over-year and over 70% compared to the same period in 2019[2]. - International hotel and flight bookings recovered to approximately 80% of pre-pandemic levels from 2019, with international passenger traffic exceeding 50% recovery[2]. - The company anticipates continued growth in user data and market expansion in the upcoming quarters[15]. - The company continues to focus on expanding its market presence and enhancing its product offerings to cater to both domestic and international travelers[10]. Financial Position - As of September 30, 2023, the company had cash and cash equivalents totaling RMB 79 billion (USD 10.8 billion)[5]. - The cash and cash equivalents, along with restricted cash, increased significantly to RMB 37.8 billion as of September 30, 2023, compared to RMB 18.5 billion at the end of 2022, marking a growth of about 104.3%[11]. - The net accounts receivable rose to RMB 12.8 billion as of September 30, 2023, up from RMB 5.5 billion at the end of 2022, reflecting an increase of approximately 133.5%[11]. - Total liabilities increased to RMB 103.9 billion as of September 30, 2023, from RMB 78.7 billion at the end of 2022, indicating a rise of about 32.1%[12]. - The total equity attributable to shareholders of Trip.com Group reached RMB 122.8 billion as of September 30, 2023, compared to RMB 112.3 billion at the end of 2022, showing an increase of approximately 9.4%[12]. Strategic Initiatives - The company spent RMB 3.6 billion (USD 490 million) on product development in Q3 2023, a 44% increase year-over-year[4]. - The board approved a capital return policy starting in 2024, allowing for annual stock buybacks or cash dividends based on financial performance[5]. - The adjusted EBITDA for the company is expected to improve, enhancing management's ability to plan and forecast future operations[8]. - Trip.com Group's reliance on partnerships and contracts with suppliers remains a critical aspect of its operational strategy, which may influence future performance[7]. - The company is actively monitoring economic conditions and potential risks that could impact its growth trajectory, including competition and regulatory changes in China[7]. Upcoming Events - The upcoming earnings call scheduled for November 20, 2023, will provide further insights into the company's performance and strategic direction[6].