Ctrip Reports Second Quarter 2010 Financial Results
Shanghai, China, August 9, 2010 — Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading travel
service provider for hotel accommodations, airline tickets, packaged tours and corporate travel
management in China, today announced its unaudited financial results for the second quarter ended
June 30, 2010.
Highlights for the Second Quarter of 2010
“We are pleased to announce solid results for the second quarter of 2010,” said Min Fan, President
and Chief Executive Officer of Ctrip. “Through our strong execution, we were able to extend our
leadership in all business lines. Our presence in the Greater China region will enable us to provide
excellent services to customers travelling abroad. The Ctrip team is well positioned to capture more
opportunities in the travel industry in China.”
On May 27, 2010, Ctrip successfully completed the transaction to invest 90% of the issued
share capital of Wing On Travel’s travel service segment, a Hong Kong based travel servic
provider. Ctrip began consolidating Wing On’s financials since then.
Net revenues were RMB695 million (US$103 million) for the second quarter of 2010, up
46% year-on-year. In the second quarter, Wing On Travel and ezTravel contributed 2% for
the year-on-year growth for net revenues.
Gross margin was 78% for the second quarter of 2010, compared to 77% in the same
period in 2009.
Income from operations was RMB257 million (US$38 million) for the second quarter of
2010, up 57% year-on-year. Excluding share-based compensation charges (non-GAAP),
income from operations was RMB316 million (US$47 million), up 66% year-on-year.
Operating margin was 37% for the second quarter of 2010, compared to 34% in the same
period in 2009. Excluding share-based compensation charges (non-GAAP), operatin
margin was 45%, compared to 40% in the same period in 2009.
Net income attributable to Ctrip’s shareholders was RMB235 million (US$35 million) in the