智通财经网·2025-11-17 06:51Core Viewpoint - Ctrip Group's stock experienced a decline of over 6% in early trading, attributed to travel warnings issued by the Chinese government regarding Japan, leading to a significant number of hotel cancellations and customer inquiries [1] Group 1: Stock Performance - Ctrip Group's stock price fell by 4.17%, reaching 552.5 HKD, with a trading volume of 1.316 billion HKD [1] Group 2: Travel Warnings and Customer Impact - On November 14, the Chinese Ministry of Foreign Affairs and the Chinese consulate in Japan advised citizens to avoid traveling to Japan [1] - Ctrip's customer service reported an increase in hotel order cancellations, with efforts underway to assist customers in processing refunds [1] - Some hotels are accommodating free cancellations, while others require further negotiations [1] Group 3: Business Growth and Profitability - Goldman Sachs noted that Ctrip's outbound travel business is normalizing, with a year-on-year growth of 14-15%, slightly above the company's guidance of 10-20% [1] - Guotai Junan Securities highlighted that Ctrip's adjusted profit margin is on a clear upward trend due to economies of scale in R&D and management expenses [1] - Anticipated improvements in profitability are expected as Trip.com enhances its earnings [1]