HK Stock Market Move | TRIP.COM-S (09961) falls by over 7%, adjusted EBITDA for the first quarter rose by 13.7%. Net revenue growth in the second quarter is expected to slow to 3%-8%.
Ctrip Group-S (09961) fell more than 7% after its performance, with a 7.52% drop to HKD 327 at the time of publication, with a turnover of HKD 4.2 billion.
After the performance, TRIP.COM-S (09961) fell more than 7%, at the time of writing, down 7.52% to HK$327, with a turnover of HK$4.2 billion.
On the news front, Ctrip Group announced its first quarter performance in 2026, with a net operating income of 16.208 billion yuan, up 17.2% year on year; a net profit of 24.99 billion yuan, down 41.6% year on year; and a basic earnings per share of 3.85 yuan. Adjusted EBITDA rose 13.7% to 4.83 billion yuan. Adjusted EBITDA profit margin fell 1 percentage point to 30%. Net profit under non-GAAP declined by 6.8% to 3.905 billion yuan.
Looking ahead to the second quarter, the company expects a year-on-year growth in net operating income of around 3%-8%. Compared to the first quarter, the growth rate will significantly slow down, impacting the profit margin and performance of the quarter accordingly. This result is mainly due to the direct and indirect effects of macroeconomic unfavorable factors such as high energy prices and geopolitical fluctuations. At the same time, the company has proactively made operational adjustments in response to the latest changes in industry standards and compliance frameworks.
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