携程：去年多赚95%，范敏辞任董事兼总裁、季琦辞任董事，反垄断调查仍进行中、无法预计调查状态和结果

Core Viewpoint - Ctrip Group reported significant financial growth for the fiscal year 2025, with a net profit attributable to shareholders of 33.294 billion RMB, representing a year-on-year increase of 95.08% [2][6][7] - The increase in profit is primarily attributed to investment gains of 19.9 billion RMB, which surged 17 times compared to the previous year [2][6] - The company also announced a series of board changes, including the resignation of key executives and the appointment of new independent directors [3][7] Financial Performance - For the fiscal year 2025, total revenue reached 62.51 billion RMB, marking a year-on-year growth of 17.11% [2][6] - Adjusted EBITDA for the same period was 18.888 billion RMB, reflecting a year-on-year increase of 10.65% [2][6] - In the fourth quarter alone, net profit attributable to shareholders was 4.281 billion RMB, up 98.47% year-on-year, with total revenue of 15.429 billion RMB, an increase of 20.84% [3][7] Regulatory and Governance Updates - Ctrip is currently under investigation by the State Administration for Market Regulation regarding antitrust issues, and the company is cooperating fully with the authorities [3][7] - The company has committed to maintaining open communication with regulatory bodies regarding compliance matters [3][7] - Recent board changes include the resignation of Fan Min as President and the appointment of Wu Yihong and Xiao Yang as new independent directors, effective February 25 [3][7] Strategic Insights - Ctrip's leadership emphasizes the importance of inbound tourism as a key driver for economic development and job creation [4][8] - The company is focused on sustainable long-term growth through investments in inbound tourism, social responsibility, and AI innovation [4][8] - Ctrip aims to collaborate closely with local partners to explore new market opportunities and enhance long-term value [4][8]