研报掘金｜中金：维持携程“跑赢行业”评级 上调今年非通用准则净利润预测
Ge Long Hui A P P·2025-09-01 06:36
Group 1 - Ctrip Group's Q2 revenue increased by 16% year-on-year to 14.9 billion yuan, exceeding market expectations by 1%, primarily driven by better-than-expected accommodation revenue [1] - CICC maintains the revenue forecast for the company for the next two years, while raising the 2025 non-GAAP net profit forecast by 8% to 17.7 billion yuan [1] - The target price for Ctrip's US stock is set at $75.9, and for its H-shares at 588.5 Hong Kong dollars, corresponding to non-GAAP P/E ratios of 21x and 20x for 2025 and 2026 respectively [1]