Ctrip Group: Net revenue in the third quarter was 15.9 billion yuan, a year-on-year increase of 16%.
In the third quarter, the company’s outbound hotel and flight bookings have fully recovered to 120% of the same period in 2019 before the pandemic, and the company’s international OTA platform saw hotel and flight bookings grow by over 60% year-on-year.
Hong Kong stocks midday report: The three major indices all rose, the technology index rose nearly 1%; golden industrial concept strengthened, Chinagoldintl soared over 9%.
Network technology stocks fluctuate, Xiaomi Group-W down by 3.12%, Kuaishou-W up by 2.50%; Nonferrous metals stocks are on the rise, sd gold up by 5.22%, zijin mining group up by 5.11%; Apple supplier stocks perform well, fih up by 5.75%, BYD Electronics up by 4.04%.
Market response | Ctrip Group's stock rose over 6% after earnings report, with a more than 40% year-on-year increase in net profit attributable to the parent company in the third quarter, and rapid growth in various businesses of the a-share international
Ctrip Group's performance surged more than 6% after the earnings release, up 6.34% as of the time of writing, reaching 508.5 Hong Kong dollars, with a turnover of 0.31 billion Hong Kong dollars.
Ctrip Group-S rose more than 4% after the performance results were announced, with a year-on-year increase in net income attributable to the mother of 46.59% in the third quarter.
Ctrip Group-S (09961) rose 4.56% after the earnings report, currently at 500 Hong Kong dollars, with a transaction amount of 0.201 billion Hong Kong dollars. Ctrip Group-S released its financial results for the third quarter of 2024, reporting total revenue of 15.9 billion yuan (RMB, the same below), an increase of 15.63% year-on-year; net income of 15.873 billion yuan, an increase of 15.52% year-on-year.
Ctrip (09961.HK) rose more than 5% in early trading, with last quarter's net profit up 47%.
Ctrip Group - S (09961.HK) opened high today (19th) with a 2.59% increase, reaching a high of 504 yuan. It is currently trading at 504 yuan, up 5.4%, with a trading volume of 0.358 million shares and a transaction value of 0.177 billion yuan. Ctrip's net profit for the third quarter increased by 46.6% year-on-year to 6.765 billion yuan RMB, and revenue increased by 15.6% year-on-year to 15.9 billion yuan RMB. Hotel and flight bookings for outbound travel during the quarter have fully recovered to 120% of the pre-epidemic level in 2019. Lodging revenue was 6.8 billion yuan RMB, up 22% year-on-year; transportation ticketing revenue was 5.7 billion yuan RMB, up year-on-year.
Trip.com Group Posts Higher Q3 Profit as Net Revenue Grows 16% on 'Stronger Travel Demand'