TRIP.COM(US:TCOM) Xin Lang Cai Jing·2025-08-27 23:52Core Insights - Ctrip Group reported strong financial results for the first half of 2025, with revenue reaching 28.7 billion RMB (approximately 4 billion USD) and a net profit of 9.194 billion RMB (approximately 1.283 billion USD) [3][4] Financial Performance - For Q2 2025, Ctrip's revenue was 14.864 billion RMB (approximately 2.075 billion USD), a 16% increase year-over-year from 12.788 billion RMB [8][10] - The company's net profit for Q2 2025 was 4.88 billion RMB (approximately 681 million USD), up 26% from 3.9 billion RMB in Q2 2024 [16] - Operating profit for Q2 2025 was 4.1 billion RMB, with an operating margin of 28% [12][14] Revenue Breakdown - Accommodation booking revenue for Q2 2025 was 6.225 billion RMB (approximately 869 million USD), a 21% increase year-over-year [4][10] - Transportation ticketing revenue reached 5.397 billion RMB (approximately 753 million USD), an 11% increase compared to the previous year [10] - The vacation package business generated 1.079 billion RMB (approximately 151 million USD), up 5% year-over-year [10] - Business travel management revenue was 692 million RMB (approximately 97 million USD), a 9% increase year-over-year [10] Cost and Expenses - Total operating costs for Q2 2025 were 2.8 billion RMB (approximately 393 million USD), a 22% increase year-over-year [10] - Research and development expenses for Q2 2025 were 3.5 billion RMB (approximately 489 million USD), up 17% year-over-year [10][11] - Sales and marketing expenses were 3.3 billion RMB (approximately 464 million USD), also up 17% year-over-year [10][11] Cash Position - As of June 30, 2025, Ctrip held cash and cash equivalents totaling 94.1 billion RMB (approximately 13.1 billion USD) [16]