p********o
发帖数: 8012 | 1 margin降到10%没有看到。季报YOY数字不差，QOQ有季节因素。但是股价pe偏高是另外
一回事。
Highlights for the Fourth Quarter of 2013
Net revenues were RMB1.4 billion (US$238 million) for the fourth quarter of
2013, up 31% year-on-year.
Gross margin was 73% for the fourth quarter of 2013, compared to 74% in the
same period of 2012.
Income from operations was RMB183 million (US$30 million) for the fourth
quarter of 2013, up 53% year-on-year. Excluding share-based compensation
charges (non-GAAP), income from operations was RMB289 million (US$48 million
), up 24% year-on-year.
Operating margin was 13% for the fourth quarter of 2013, compared to 11% in
the same period of 2012. Excluding share-based compensation charges (non-
GAAP), operating margin was 20%, compared to 21% in the same period of 2012.
Net income attributable to Ctrip's shareholders was RMB261 million (US$43
million) in the fourth quarter of 2013, up 36% year-on-year. Excluding share
-based compensation charges (non-GAAP), net income attributable to Ctrip's
shareholders was RMB368 million (US$61 million), up 20% year-on-year.
Diluted earnings per ADS were RMB1.68 (US$0.28) for the fourth quarter of
2013. Excluding share-based compensation charges (non-GAAP), diluted
earnings per ADS were RMB2.36 (US$0.39) for the fourth quarter of 2013.
Share-based compensation charges were RMB106 million (US$18 million),
accounting for 7% of the net revenues, or RMB0.68 (US$0.11) per ADS for the
fourth quarter of 2013.
Highlights for the Third Quarter of 2013
Net revenues were RMB1.5 billion (US$252 million) for the third quarter of
2013, up 31% year-on-year.
Gross margin was 75% for the third quarter of 2013, compared to 76% in the
same period of 2012.
Income from operations was RMB300 million (US$49 million) for the third
quarter of 2013, up 58% year-on-year. Excluding share-based compensation
charges (non-GAAP), income from operations was RMB408 million (US$67 million
), up 37% year-on-year.
Operating margin was 19% for the third quarter of 2013, compared to 16% in
the same period of 2012. Excluding share-based compensation charges (non-
GAAP), operating margin was 27%, compared to 25% in the same period of 2012.
Net income attributable to Ctrip's shareholders was RMB373 million (US$61
million) in the third quarter of 2013, up 92% year-on-year. Excluding share-
based compensation charges (non-GAAP), net income attributable to Ctrip's
shareholders was RMB482 million (US$79 million), up 59% year-on-year.
Diluted earnings per ADS were RMB2.44 (US$0.40) for the third quarter of
2013. Excluding share-based compensation charges (non-GAAP), diluted
earnings per ADS were RMB3.14 (US$0.51) for the third quarter of 2013.
Share-based compensation charges were RMB109 million (US$18 million),
accounting for 7% of the net revenues, or RMB0.70 (US$0.11) per ADS for the
third quarter of 2013.
[发表自未名空间手机版 - m.mitbbs.com] | c********a
发帖数: 32 | | n******g
发帖数: 192 | 3 庄要砸盘，鸡蛋里骨头都能挑出来，花时间看这些，不如研究点心理学。 | p********o
发帖数: 8012 | 4 cc还能说出不一样的数字来？
【在 c********a 的大作中提到】
: 你要听cc
| vn
发帖数: 6191 | 5 re a
【在 n******g 的大作中提到】
: 庄要砸盘，鸡蛋里骨头都能挑出来，花时间看这些，不如研究点心理学。
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