Ctrip’s net profit in the fourth quarter of last year was 2 billion, more than turning losses into profits

Ctrip’s net profit in the fourth quarter of last year was 2 billion, more than turning losses into profits
On March 19, Ctrip Group (hereinafter referred to as “Ctrip”) released the financial results of the fourth quarter and restructuring of 2019.The financial report shows that in 2019, Ctrip’s net operating income was 35.7 billion U.S. dollars, an increase of 15%; the net profit attributable to Ctrip’s shareholders was 7 billion U.S. dollars, which was equivalent to an increase of 536 in 2018.4%; if the equity compensation expense is not included, the profit and loss from changes in the fair value of equity-sold financial assets, the net profit attributable to Ctrip shareholders in 2019 is US $ 6.5 billion, equivalent to an increase of US $ 5.5 billion in 201818.2%.Ctrip achieved turnaround in the fourth quarter of 2019. The combined net operating income of Ctrip was US $ 8.3 billion, an annual increase of 10% and a decrease of 20% from the previous month; the net profit attributable to Ctrip shareholders was 2 billion yuan, and the net profit for the same period in 2018It is 1.2 billion; the net amount is 1.2 billion; if the assessment of remuneration is not included, the profit and loss of the fair value change of the financial assets sold in equity class, the net profit attributable to Ctrip shareholders is 1.2 billion, compared to 5.1.3 billion yuan.The financial report shows that Ctrip’s main business performance in the fourth quarter of 2019 and before has grown steadily.In the fourth quarter of 2019, Ctrip’s accommodation booking business revenue was US $ 3 billion, an increase of 12% annually; transportation ticketing revenue was US $ 3.5 billion, an increase of 17% year-on-year; travel and vacation business revenue was US $ 800 million, an annual increase of 11%;Business travel management business revenue is 3.7.3 billion, an increase of 33% a year.For the whole year of 2019, Ctrip’s accommodation booking business revenue was US $ 13.5 billion, up 17% annually; transportation ticketing business revenue was 14 billion yuan, up 8% annually; travel and vacation business revenue was US $ 4.5 billion, up 20%; business travel managementThe business operating income is 130,000 yuan, an annual increase of 28%.According to financial report data, even in some regions affected by geopolitical factors, Ctrip’s international business has maintained strong growth.In the fourth quarter of 2019, Ctrip ‘s international hotel revenue (except for destinations in Greater China) increased by 51%.travel.The com brand’s international ticket business has maintained a three-digit growth for 13 consecutive quarters; it will end travel by the end of 2019.The com brand has entered 27 markets and supports 20 languages.In addition, Ctrip’s total annual transaction volume (GMV) in 2019 reached US $ 865 billion, an annual increase of 19%; long-term operating profit growth increased by 94% to US $ 5 billion, exceeding the total operating profit of the past five years.Affected by the new coronary pneumonia epidemic, the global tourism industry is facing huge uncertainties.At the same time, Ctrip’s financial report fulfilled its expectations for the first quarter of 2020: net operating income decreased by 45% to 50%; if it does not account for the expense of assessed statements, the scale of operations in the first quarter of 2020 is 17.500 million to 18.500 million yuan.Liang Jianzhang, executive chairman of Ctrip’s board of directors, said: “Although 2020 will be full of challenges, we have confidence in the long-term improvement of China’s economic fundamentals and continue to look forward to the possibility.”In addition, Liang Jianzhang also pointed out that Ctrip’s ability to resist risks is no longer comparable to that of 17 years ago. It is very necessary to make a good plan at present-how to ensure the stability of the team and keep the company’s financial situation relatively stable will be short-termThe focus of the entire industry.Sauna, Ye Wang Wang Zhenzhen editor Li Zheng proofread He Yan picture Ctrip’s official website screenshot