同程旅行2023年报

Tongcheng Travel Holdings Limited同程旅行控股有限公司 (Incorporated in the Cayman Islands with limited liability)( 於開曼群島註冊成立的有限公司 )Stock Code 股份代號：0780 年 度 報 告ANNUALR E P O R T2023 2CORPORATE INFORMATION6KEY HIGHLIGHTS9FIVEYEAR PERFORMANCE REVIEW10CHAIRMAN’S STATEMENT17MANAGEMENT DISCUSSION AND ANALYSIS36PROFILES OF DIRECTORS AND SENIORMANAGEMENT44DIRECTORS’ REPORT141CORPORATE GOVERNANCE REPORT173INDEPENDENT AUDITOR’S REPORT184CONSOLIDATED INCOME STATEMENT186CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOME187CONSOLIDATED STATEMENT OFFINANCIAL POSITION189CONSOLIDATED STATEMENT OFCHANGES IN EQUITY191CONSOLIDATED STATEMENT OFCASH FLOWS193NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTS356DEFINITION CORPORATE INFORMATION公司資料 THE BOARD OF DIRECTORS Executive Directors Mr. Wu Zhixiang(Co-Chairman)Mr. Ma Heping(Chief Executive Officer) Non-Executive Directors Brent Richard Irvin Mr. Liang Jianzhang(Co-Chairman)Mr. Jiang HaoMr. Cheng Yun Ming Matthew(resigned on April 18, 2023)Mr. Xie Qing Hua(appointed on April 18, 2023)Mr. Brent Richard Irvin Independent Non-Executive Directors Mr. Yang Chia HungMr. Dai XiaojingMs. Han Yuling AUDIT COMMITTEE Mr. Yang Chia Hung(Chairman)Mr. Cheng Yun Ming Matthew(resigned on April 18, 2023)Mr. Xie Qing Hua(appointed on April 18, 2023)Ms. Han Yuling REMUNERATION COMMITTEE Brent Richard Irvin Ms. Han Yuling(Chairman)Mr. Brent Richard IrvinMr. Dai Xiaojing NOMINATION COMMITTEE Mr. Wu Zhixiang(Chairman)Mr. Dai XiaojingMs. Han Yuling ENVIRONMENTAL, SOCIAL AND GOVERNANCECOMMITTEE Mr. Yang Chia Hung(Chairman)Mr. Dai XiaojingMs. Han Yuling COMPANY SECRETARYMs. Ma Li AUTHORIZED REPRESENTATIVES Mr. Ma HepingMs. Ma Li REGISTERED OFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands HEADQUARTERS 188 Tongcheng MansionNo.188 Yuxin RoadSuzhou Industrial ParkJiangsu, China PRINCIPAL PLACE OF BUSINESS IN HONG KONG 131 31/F, Tower TwoTimes Square1 Matheson StreetCauseway BayHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17/FHopewell Centre183 Queen’s Road EastWanchaiHong Kong LEGAL ADVISERS As to Hong Kong and U.S. laws: 3A10 Davis Polk & Wardwell10th Floor, The Hong Kong Club Building3A Chater RoadHong Kong As to PRC law: 81011 Zhong Lun Law FirmLevel 10 & 11, Two IFCNo.8 Century AvenuePudong New AreaShanghai, China As to Cayman Islands law: Conyers Dill & PearmanCricket Square, Hutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Dill & PearmanCricket Square, Hutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands AUDITOR 22 PricewaterhouseCoopersCertified Public Accountants and Registered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong PRINCIPAL BANKS 6 China Merchants Bank Beijing DongSanHuan Sub-Branch1F, Huijia Building6 East 3rd Ring North RoadChaoyang District, BeijingChina 12111 Industrial and Commercial Bank of China Beijing Lumicang BranchRoom 11, 1/FNo.12 Chaonei South StreetDongcheng District, BeijingChina STOCK CODE 0780 0780 www.tongchengir.com COMPANY WEBSITE www.tongchengir.com KEY HIGHLIGHTS摘要重點 FOR THE YEAR ENDED DECEMBER 31, 2023 •6 , 5 8 4 . 780.7%11,896.2•EBITDA1,437.2117.4%3,123.9EBITDA21.8%26.3%•646.2240.3%2,199.19.8%18.5%•29.739.1%41.3•187.525.2%234.7 •Revenue increased by 80.7% year-to-year to RMB11,896.2 million in 2023from RMB6,584.7 million in 2022. •Adjusted EBITDA increased by 117.4% year-to-year from RMB1,437.2million in 2022 to RMB3,123.9 million in 2023. Adjusted EBITDA marginincreased from 21.8% in 2022 to 26.3% in 2023. •Adjusted net profit increased by 240.3% from RMB646.2 million in 2022to RMB2,199.1 million in 2023. Adjusted net margin increased from 9.8%in 2022 to 18.5% in 2023. •Average MPUs increased by 39.1% year-to-year from 29.7 million in 2022to 41.3 million in 2023. •APUs increased by 25.2% year-to-year from 187.5 million in 2022 to 234.7million in 2023. KEY FINANCIAL METRICS FOR THE YEAR ENDEDDECEMBER 31, 2023 EBITDA OPERATING METRICS FOR THE YEAR ENDEDDECEMBER 31, 2023 CHAIRMAN’S STATEMENT董事長致辭 Wu Zhixiang I am very pleased to present you our annual report for the year endedDecember 31, 2023. BUSINESS REVIEW AND OUTLOOK 2023 marked a remarkable recovery for the Chinese travel industry. In the firsthalf of the year, the industry demonstrated a strong resurgence, reflectingthe increasing travel sentiment and demand. Going into the third quarter, themarket reached its pinnacle and was marked by the significant increase intravel activities during the summer holidays. Despite the low season for travelin the fourth quarter, t