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SAN FRANCISCO, May 17 morning news,giants hats, Ctrip (Nasdaq: CTRP) today announced its unaudited March 31, 2011 unaudited first quarter financial results. The report shows that Ctrip first quarter total revenues of 700 million 65 million yuan ($ 117 million), up 30%; net profit of $ 235 million ($ 36 million), up 23%.
2011 First Quarter Results Summary:
2011 first quarter net revenues of 700 million 65 million yuan ($ 117 million), an increase of 30%. In the first quarter of 2011, Wing On Travel and easy travel network on Ctrips net revenues grew 7% contribution.
2011 first quarter gross margin was 78%, compared to the same period in 2010 remain the same.
2011 first quarter operating profit of $ 263 million (40 million), an increase of 34%. Excluding share-based compensation expenses, operating profit of 300 million 33 million yuan (51 million U.S. dollars), up 28%.
2011 first quarter operating margin was 34%,air griffey max gd 2 China has a bubble., compared to 33% over the same period in 2010. Excluding share-based compensation expenses, operating margin was 44%,kobe shoes, compared to the same period in 2010 remain the same.
2011 first quarter net profit attributable to shareholders of Ctrip for the $ 235 million ($ 36 million), an increase of 23%. Excluding share-based compensation expenses, net profit attributable to shareholders of Ctrip 300 million zero-five million yuan (47 million),00 on May 19, an increase of 20%.
2011 first quarter diluted earnings per ADS 1.54 yuan ($ 0.24). Excluding share-based compensation expenses, first quarter 2011 diluted earnings per ADS 2.01 yuan ($ 0.31).
2011 share-based compensation expense in the first quarter totaled 70 million yuan ($ 11 million), accounting for 9% of net revenues for first quarter 2011 earnings per ADS of 0.46 yuan (0.07 dollars).
"Following the success of 2010, Ctrip team in the first quarter of 2011 once again achieved excellent results." Ctrip said Mr. Fan Min, president and CEO. "Our team through unremitting efforts,hats wholesale, excellent customer service,nike heels sadals for women, a close strategic partnership, the application of advanced technology,wholesale baseball hats, and innovative value-added services to further strengthen our industry leadership position and increase market share enough to make our efforts Our team can maximize the opportunities to seize the face. "
2011 first quarter financial results
2011 first quarter, Ctrip total revenues of 800 million 14 million yuan ($ 124 million), an increase of 30%. The first quarter of 2011, total revenue decreased 3%.
2011 Hotel reservation in the first quarter revenues of $ 10 million yuan (47 million), an increase of 23%. Hotel bookings growth comes mainly from an increase of 20% and commission revenue per room increased 3% year on year. Hotel reservation revenues decreased 14% decline due to seasonal factors.
2011 air ticket booking in the first quarter revenues of $ 26 million yuan (50 million), up 23%, mainly from growth in air ticket bookings grew 20 percent and revenue per ticket commission of 3% year on year growth. Ticket booking revenues growth of 2%.
2011 vacation in the first quarter revenues were $ 100 million 25 million yuan (19 million U.S. dollars), up 74%,air griffey max 1, mainly from growth in the first quarter of the amount of growth in leisure travel. The first quarter, Wing On Travel and easy vacation Ctrip Travel Network business operating income increased 54% contribution. Resort operations revenue growth of 24%, mainly from growth in the first quarter of the growth in travel demand.
2011 business travel management business in the first quarter, operating income for the 31 million yuan (500 million), up 20%, mainly from growth in the first quarter of business travel activities and business travel demand. Business travel management business operating income decreased 12% decline during the Spring Festival by reducing the impact of business activities.
2011 first quarter net revenues of 700 million 65 million yuan ($ 117 million), an increase of 30%. The first quarter of 2011,white heels, net operating income decreased 3%,new griffey shoes 2011, mainly affected by seasonal factors decrease. The first quarter, net of Wing On Travel and easy travel Ctrips net revenues grew 7% contribution.
2011 first quarter gross margin was 78%, compared to the same period in 2010 and are consistent with the previous quarter.
2011 product development expenses in the first quarter to 130 million yuan (20 million), an increase of 29% sequential increase of 8%, mainly due to the increase in product and business development personnel and the increase in share-based compensation expense . Excluding share-based compensation expenses, product development expenses accounted for 14% of net sales, compared to the same period in 2010, consistent with the previous quarter to 13%.
2011 first quarter sales and marketing cost of $ 25 million yuan (19 million U.S. dollars), an increase of 32% increase was mainly due to increased marketing activities. Sales and marketing expenses decreased 2%. Excluding share-based compensation expenses, selling expenses accounted for 15% of net sales, compared to the same period in 2010 and are consistent with the previous quarter.
2011 first quarter administrative expenses for the 82 million yuan (13 million U.S. dollars), an increase of 23% increase was mainly due to an increase in personnel management. The first quarter of 2011, administrative expenses increased by 6% qoq,nike heel sandals,ken griffey shoes 2011 respectively, mainly due to the increase in share-based compensation expenses. Excluding share-based compensation expense, management fees accounted for 5% of net sales, compared to the same period in 2010 and are consistent with the previous quarter.
2011 first quarter operating profit of $ 263 million (40 million),griffey fresh water, up 34 percent,cheap griffey shoes, a decline of 10%. Excluding share-based compensation expenses, operating profit of 300 million 33 million yuan (51 million U.S. dollars), up 28 percent, a decline of 5%.
2011 first quarter operating margin was 34%, compared to 33% over the same period in 2010,king griffey shoes, compared to 37% over the previous quarter. Excluding share-based compensation expenses, operating margin was 44%, compared to the same period in 2010, consistent with the previous quarter to 45%.
2011 first quarter effective income tax rate of 21%, respectively, compared to the same period in 2010 increased 12%, mainly due to increase in the first quarter of 2010, Local Taxation Bureau to give some tax incentives. 2011 first quarter effective tax rate relative to the income tax of 19% increase the previous quarter, mainly due to increase in share-based compensation is not deductible for tax purposes the cost increase in the percentage of total operating profit.
2011 first quarter net profit attributable to shareholders of Ctrip for the $ 235 million ($ 36 million),nike heels for women, up 23 percent, a decline of 22%. Excluding share-based compensation expenses, net profit attributable to shareholders of Ctrip 300 million zero-five million yuan (47 million), up 20 percent, a decline of 16%.
2011 first quarter diluted earnings per ADS 1.54 yuan ($ 0.24). Excluding share-based compensation expenses, first quarter 2011 diluted earnings per ADS 2.01 yuan ($ 0.31).
As of March 31, 2011, cash and short-term investments balance of 36 billion yuan (500 million $ 46 million).
outlook
the second quarter of 2011, Ctrip expects net operating income growth of approximately 15% -20%. The forecast reflects the current situation made Ctrips initial judgments and are subject to adjustment.
conference call
Ctrips management will be announced after the U.S. Eastern Time 2011 Nian 5 Yue 16 Ri 9:00 PM (namely Shanghai / Hong Kong time zone 2011 Nian 5 Yue 17 Ri 9:00 AM) conference call.
conference call will be broadcast live and replay on the Internet (website http://ir.ctrip.com). The meetings will be archived at the above address retention 1 month.
dial the number to listen to the live conference call: U.S. Toll Free Number +1 888.680.0892 International dial-in number +1.617.213.4858,nike air griffey max gd ii, password is 34995341. Reservations registered please click the following URL: https://www.theconferencingservice.com/prereg/key.process?key=PKECHJPL8.
after the conference call until May 24,world series hats, 2011 until the replay by telephone. Dial to listen to the conference call replay numbers: U.S. Toll Free +1.888.286.8010, International Toll Free +1.617.801.6888, and the password is 12127058.