Lei Jianping March 17 daily Road
Online travel industry, the two giants Ctrip and where to go today, released in 2015 fourth quarter and full year earnings. Financial results, Ctrip 2015 net profit of up to 2 billion 500 million yuan, over the same period in 2014 was $.
Excluding share based compensation costs, 2015 belongs to the net profit of 3 billion 200 million yuan Ctrip shareholders, in 2014 was $.
Over the same period, where the net profit situation is not too optimistic. 2015 annual net loss attributable to shareholders of the net loss for the year to go to where the net loss of $.
Why is the online travel company, Ctrip 2015 net profit reached 2 billion 500 million yuan, 7 billion 300 million yuan over the same period where it is burned.
Ctrip lost way home holding power caused by a large increase in net profit
Ctrip in the last few quarters net profit situation
As of December 31, 2015, Ctrip in 2015 full year operating profit of RMB yuan, compared with 2014 annual operating loss of $.
Ctrip 2015 fourth quarter operating profit margin of 3%, compared to the same period in 2014 compared to the same period operating loss rate of 21%, compared to the previous quarter operating profit margin was 13%.
Ctrip operating profit substantially improved in 2015, but still far worse than the net profit. Why is there such a strange change?
Ctrip in the third quarter of 2015 net profit of 2 billion 400 million yuan (about $), representing an increase of 10 times over the same period last year. Ctrip net profit surge caused by the reason is that Ctrip in the way home after the latest round of financing will no longer have a holding position, which will lead to the way home from the main business of revenue recognition. The difference between the fair value and the book value of the way home on the day of the.
Ctrip in the third quarter of other income for 24 billion yuan (3 million to $77 million), compared to 2014 compared to 1 million and 800 million yuan (US $18 million), compared to last quarter to 12 million yuan ($2 million) to the divestiture.
Data show that the way home in August this year to complete a new round of $300 million financing, the valuation of over $1 billion. The completion of this round of financing also means that the way home officially entered the Internet Co's $1 billion club, entered a new stage of development.
All-Stars round of financing from Investment lead investor, and existing investors with the cast. Ctrip in the transaction to lose the right to control the way home.
Where is the large amount of equity incentive payments in huge loss
Where has been operating a serious loss, in 2015 the annual operating loss for the full year of $(US $million), in 2014 the operating loss of $. 2015 losses than before more serious reason is that a large number of equity incentive pay.
Where to go in the last few quarters net profit situation
In October 2015, Ctrip reached an agreement with Baidu, Ctrip plans to go through stock holdings. January 2016, where to announce the management adjustment, where the former executive vice president and director of the wireless business group Chen Zhenyu was appointed to go where CEO.
Where the former executive vice president and the purpose of the business group responsible person Zhang Qiang as chief operating officer. Where the original strategy and investor relations senior director Zhu Xiaolu served as chief financial officer.
In addition, where to be announced at the same time the board of directors to adjust and take effect. The new board of Directors consists of five members, including Liang Jianzhang, Mr. Chen Zhenyu and three independent directors, Lai Youming, Zhu Jianmin, Shi Ying.
To where former CEO village Chen Chao before leaving to do a thing, namely in Ctrip and go where the stock exchange reached a series of incentive to agreement where employee, where employees hold shares and options to 1:0.725 same proportion replacement Ctrip shares.
This led to the 2814.1% quarter of the fourth quarter business management fee of $.
The increase was mainly due to new stock incentive plan, employee stock plan to bring the share of expenditure and related professional service fees of significant growth, and the number of employees increased growth in salary and benefits costs.
To where the fourth quarter the cost of product research and development 15.318 billion yuan ($365 billion), an increase of 532.7%. The increase was mainly due in new stock incentive plan and 2015 December 14, effective staff exchange scheme to bring equity spending significant growth.
These led to the 2015 full year net loss attributable to shareholders of the net loss of $.
And go where 2015 non GAAP net loss and eliminate 47.826 billion yuan (7.383 billion) employee option expenses, and 398 million yuan ($61.4 million) warrant liability fair value changes after a net loss of, for 20.922 billion yuan.
It is reported that, according to the requirements of the accounting standards, the financial results of the merger report from December 31, 2015 to where to go.