[AbstractAccording to the data, analysts had on average expected TRIP COM GRP LTD's earnings per share in the first quarter to reach 16 cents per share and revenue of 1.05 billion US dollars, meaning TRIP COM GRP LTD's performance in that quarter exceeded analysts' expectations.

TRIP COM GRP LTD released the company's unaudited results for the first quarter of fiscal 2018 ended March 31, 2018, after the close of the US stock market on Tuesday.

TRIP COM GRP LTD's net income in the first quarter was 6.7 billion yuan ($1.1 billion), an increase of 11 percent over the same period last year and 9 percent over the previous quarter, according to the report. Net profit attributable to shareholders of the company was 1.1 billion yuan ($170 million), compared with 52 million yuan in the same period last year and 350 million yuan in the previous quarter Excluding equity compensation fees and changes in the fair value of stock investments (not in accordance with US GAAP), TRIP COM GRP LTD's net profit attributable to the company's shareholders in the first quarter was 2.1 billion yuan ($341 million), compared with 574 million yuan in the same period last year and 750 million yuan in the previous quarter.

Source: Futu Securities

TRIP COM GRP LTD closed up 46 cents, or 1.07%, at $43.44 on Tuesday. The stock rose 61 cents, or 1.40 per cent, to $44.05 in trading as of 06:30 et on Tuesday (06:30 Beijing time on Wednesday) after the earnings announcement.

one。 A brief Analysis of Financial report data

Revenue

Net revenue in the first quarter was 6.7 billion yuan ($1.1 billion), up 11% from the same period last year and 9% from the previous quarter.

Where:

• Hotel booking revenue was 2.5 billion yuan ($397 million), an increase of 23% compared with the same period last year, mainly due to an increase in hotel booking business, and an increase of 14% compared with the previous quarter, mainly due to seasonal factors.

• Revenue from transport ticketing services was 2.9 billion yuan ($460 million), unchanged from the same period last year and down 1 per cent from the previous quarter.

• The operating income of the tourism and holiday business was 834 million yuan ($133 million), an increase of 18% compared with the same period last year, mainly due to the increase in the volume of group travel and individual travel, and an increase of 52% compared with the previous quarter. Mainly due to seasonal factors.

• The operating income of business travel management business was 180 million yuan ($29 million), an increase of 25% compared with the same period last year. This increase was mainly due to the expansion of the coverage of tourism products, and decreased by 13% compared with the previous quarter. Mainly due to seasonal factors.

Profit

The net profit attributable to the company's shareholders in the first quarter was 1.1 billion yuan ($170 million), compared with 52 million yuan in the same period last year and 350 million yuan in the previous quarter. Excluding equity compensation fees and changes in the fair value of stock investments (not in accordance with US GAAP), TRIP COM GRP LTD's net profit attributable to the company's shareholders in the first quarter was 2.1 billion yuan ($341 million), compared with 574 million yuan in the same period last year and 750 million yuan in the previous quarter.

TRIP COM GRP LTD earned 1.81 yuan ($0.29) per diluted depositary receipt in the first quarter. Excluding equity compensation fees and changes in the fair value of stock investments (not in accordance with GAAP), the diluted earnings per depositary receipt for the first quarter of 2018 was 3.48 yuan (approximately $0.55).

Other financial information

As of March 31, 2018, TRIP COM GRP LTD's cash, cash equivalents, restricted cash and short-term investment balance was 52.5 billion yuan ($8.4 billion).

two。 Performance outlook

TRIP COM GRP LTD predictsThe company's net operating income will continue to grow at an annual rate of about 12% to 17% in the second quarter of 2018.

Analysts expectOn average, analysts had expected TRIP COM GRP LTD's earnings per share in the first quarter to reach 16 cents per share and revenue of 1.05 billion US dollars, which meant that TRIP COM GRP LTD's performance in that quarter exceeded analysts' expectations.

It is reported that Trip.com is upgrading the user service system in all directions, covering air tickets, hotels, tourism, cars, tickets, train tickets and many other businesses. Trip.com has set up a customer guarantee committee to report to the company's top management; at the same time, each division will enhance the assessment latitude at the customer level and pay more attention to the quality of customer service.