Ctrip's Q1 FY2024 net profit is 4.312 billion yuan, a 27.76% increase year-over-year

On June 4th, Ctrip (Stock Code: TCOM) announced its financial report, showing that the company’s net profit attributable to common shareholders for the first quarter of fiscal year 2024 was 4.312 billion yuan, a year-over-year increase of 27.76%; operating revenue was 11.905 billion yuan, a year-over-year increase of 29.43%.

Ctrip Group Limited was established on March 3, 2000. Today, the company is a leading global one-stop travel platform, offering a comprehensive range of travel products, services, and differentiated travel content. For Chinese tourists and an increasing number of travelers worldwide, the company is their preferred travel platform. It encourages travel exploration, inspires travel ideas, helps users access comprehensive information for high-cost-performance travel bookings, provides support anytime and anywhere during their journeys, and promotes sharing travel experiences. Users can book any type of travel through the platform, from local activities, weekend getaways, and short trips to cross-border and business travel. The company’s diverse product and service offerings include economy, luxury, customized, and boutique options, attracting a growing user base domestically and globally. Founded in 1999, according to Analysys Report, the company is currently China’s most well-known travel brand and has maintained a leading market position for over 20 years. According to Analysys Report, based on Gross Merchandise Volume (GMV), the company has been China’s largest online travel platform over the past decade and was the largest online travel platform globally from 2018 to 2020.

(Source: iFinD via Tonghuashun (300033))