CTRP » Topics » Highlights for the fourth quarter of 2007

This excerpt taken from the CTRP 6-K filed Feb 28, 2008.

Highlights for the fourth quarter of 2007

 

   

Net revenues were RMB356 million (US$49 million) for the fourth quarter of 2007, up 58% year-on-year.

 

   

Gross margin was 81% for the fourth quarter of 2007, compared to 80% in the same period in 2006.

 

   

Income from operations was RMB127 million (US$17 million) for the fourth quarter of 2007, up 69% year-on-year. Excluding share-based compensation charges (non-GAAP), income from operations was RMB149 million (US$20 million), up 68% year-on-year.

 

   

Operating margin was 36% in the fourth quarter of 2007, compared to 33% year-on-year. Excluding share-based compensation charges (non-GAAP), operating margin was 42%, compared to 39% during the same period in 2006.

 

   

Net income was RMB135 million (US$19 million) in the fourth quarter of 2007, up 102% year-on-year. Excluding share-based compensation charges (non-GAAP), net income was RMB158 million (US$22 million), up 95% year-on-year.

 

   

Diluted earnings per ADS were RMB1.96 (US$0.27). Excluding share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB2.28 (US$0.31).

 

   

Share-based compensation charges were RMB22 million (US$3 million), accounting for 6% of the net revenues, or RMB0.32 (US$0.04) per ADS for the fourth quarter of 2007.

This excerpt taken from the CTRP 6-K filed Nov 8, 2007.

Highlights for the third quarter of 2007

 

   

Net revenues were RMB323 million (US$43 million) in the third quarter of 2007, up 55% year-on-year.

 

   

Gross margin was 80% in the third quarter of 2007, compared to 79% in the same period in 2006.

 

   

Income from operations was RMB111 million (US$15 million) in the third quarter of 2007. Excluding share-based compensation charges (non-GAAP), income from operations was RMB134 million (US$18 million), up 71% year-on-year.

 

   

Operating margin was 34% in the third quarter of 2007. Excluding share-based compensation charges (non-GAAP), operating margin was 41%, compared to 38% during the same period in 2006.

 

   

Net income was RMB110 million (US$15 million) in the third quarter of 2007. Excluding share-based compensation charges (non-GAAP), net income was RMB133 million (US$18 million), up 68% year-on-year.

 

   

Diluted earnings per ADS were RMB1.60 (US$0.21). Excluding share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB1.94 (US$0.26).

 

   

Share-based compensation charges were RMB23 million (US$3 million), accounting for 7% of the net revenues, or RMB0.33 (US$0.04) per ADS for the third quarter of 2007.

Mr. Min Fan, Chief Executive Office of Ctrip, said: “We are very pleased with the strong results for the third quarter of 2007. Our team has executed our strategies effectively to expand into new geographic areas, to enhance customer service level and to strengthen our product lines. We are committed to bringing the best travel experience to our customers and increasing return to our shareholders.”

This excerpt taken from the CTRP 6-K filed Aug 6, 2007.

Highlights for the second quarter of 2007

 

   

Net revenues were RMB288 million (US$38 million) in the second quarter of 2007, up 52% year-on-year.

 

   

Gross margin was 80% in the second quarter of 2007, compared to 81% in the same period in 2006 largely due to higher cost of service as a result of increased revenue contribution from air ticketing and packaged-tour businesses.

 

   

Income from operations was RMB95 million (US$13 million) in the second quarter of 2007. Excluding share-based compensation charges (non-GAAP), income from operations was RMB118 million (US$16 million), up 49% year-on-year.

 

   

Operating margin was 33% in the second quarter of 2007. Excluding share-based compensation charges (non-GAAP), operating margin was 41%, compared to 42% during the same period in 2006.

 

   

Net income was RMB88 million (US$12 million) in the second quarter of 2007. Excluding share-based compensation charges (non-GAAP), net income was RMB111 million (US$15 million), up 51% year-on-year.

 

   

Diluted earnings per ADS were RMB1.30 (US$0.17). Excluding share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB1.64 (US$0.22).

 

   

Share-based compensation charges were RMB23 million (US$3 million), accounting for 8% of the net revenues, or RMB0.34 (US$0.04) per ADS for the second quarter of 2007.

“The robust growth of our core businesses contributed to the strong financial results in the second quarter of 2007,” said Min Fan, Chief Executive Officer of Ctrip. “We continued to enrich our service offerings, expand our coverage geographically and focus on delivering superior customer experience. All these efforts have enabled us to acquire a larger customer base and increase market share.”

This excerpt taken from the CTRP 6-K filed May 17, 2007.

Highlights for the first quarter of 2007

 

   

Net revenues were RMB232 million (US$30 million) in the first quarter of 2007, up 49% year-on-year.

 

   

Gross margin was 79% in the first quarter of 2007, compared to 82% in the same period in 2006 largely due to higher cost of service as a result of increased revenue contribution from air ticketing and packaged tour businesses.

 

   

Income from operations was RMB71 million (US$9 million) in the first quarter of 2007. Excluding share-based compensation charges (non-GAAP), income from operations was RMB90 million (US$12 million), up 42% year-on-year.

 

   

Operating margin was 31% in the first quarter of 2007. Excluding share-based compensation charges (non-GAAP), operation margin was 39%, compared to 40% during the same period in 2006.

 

   

Net income was RMB65 million (US$8 million) in the first quarter of 2007. Excluding share-based compensation charges (non-GAAP), net income was RMB84 million (US$11 million), up 35% year-on-year.

 

   

Diluted earnings per ADS were RMB1.92 (US$0.25). Excluding share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB2.47 (US$0.32).

 

   

Share-based compensation charges were RMB19 million (US$2 million), accounting for 8% of the net revenues, or RMB0.55 (US$0.07) per ADS for the first quarter of 2007.

“We are very proud of an outstanding performance by our team during the first quarter of 2007,” said Min Fan, Chief Executive Officer of Ctrip. “Our continuous focus on customers, technology and processes enabled us to expand our market share and further strengthen our brand. As the overall travel market continues to grow at a rapid pace, we are committed to putting relentless efforts on our operations and delivering solid financial returns to our shareholders.”

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