Trip.com Group Limited (09961) announced its performance for the year 2024, with a net profit attributable to shareholders of 17.067 billion yuan, representing a year-on-year increase of 72.08%.

TRIP.COM-S (09961) announced its fourth quarter performance for 2024, with a net operating revenue of 12.744 billion RMB, an increase of 23.43% year-on-year. The net profit attributable to Ctrip Group Limited is approximately 2.157 billion RMB, a year-on-year increase of 66.31%; basic earnings per share for ordinary shares is 3.28 RMB. Among them, revenue from accommodation reservations was 5.2 billion RMB, a year-on-year increase of 33%, mainly due to growth in accommodation bookings. Accommodation reservation revenue decreased by 24% quarter-on-quarter, mainly due to seasonal factors. Revenue from transportation tickets was 4.8 billion RMB, a year-on-year increase of 16%, mainly due to growth in transportation ticket bookings. Revenue from transportation tickets decreased by 15% quarter-on-quarter, mainly due to seasonal factors. Revenue from tourism and vacation business was 0.87 billion RMB, a year-on-year increase of 24%. Revenue from corporate travel management was 0.702 billion RMB, a year-on-year increase of 11% and a quarter-on-quarter increase of 7%, mainly due to growth in corporate travel bookings. In addition, the various international business segments in the fourth quarter of 2024 showed rapid growth: outbound hotel and flight bookings have exceeded the pre-epidemic level of 120% in 2019, with hotel and flight bookings on the company's international OTA platform increasing by over 70%, and inbound tourism bookings increasing by over 100% year-on-year. The announcement stated that the increase in net revenue was mainly due to strong tourism demand. Net operating revenue decreased by 20% quarter-on-quarter, mainly due to seasonal factors. For the full year 2024, net operating revenue was 53.294 billion RMB, an increase of 19.73% year-on-year. The net profit attributable to Ctrip Group Limited was 17.067 billion RMB, a year-on-year increase of 72.08%; basic earnings per share for ordinary shares is 26.1 RMB. Among them, revenue from accommodation reservations was 21.6 billion RMB, a year-on-year increase of 25%. Revenue from transportation tickets was 20.3 billion RMB, a year-on-year increase of 10%. Revenue from tourism and vacation business was 4.3 billion RMB, a year-on-year increase of 38%. Revenue from corporate travel management was 2.5 billion RMB, a year-on-year increase of 11%. As part of the group's ongoing commitment to providing value to shareholders and American Depositary Shares (ADS) holders, in line with the company's regular capital return policy, the company's board of directors has authorized new capital return measures for 2025, including: (i) a share buyback plan, authorizing and approving the repurchase of up to $400 million of ordinary shares and/or ADS from time to time; and (ii) a cash dividend for the 2024 fiscal year, totaling approximately $200 million. The cash dividend will be $0.30 per ordinary share or ADS, paid to ordinary shareholders and ADS holders registered as of the close of business on March 17, 2025 in Hong Kong time and New York time. It is expected that dividends for ordinary shareholders will be paid around March 27, 2025, and for ADS holders around April 4, 2025, subject to the terms of the deposit agreement, including any fees and expenses payable therein.