同程旅行2024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 CONTENTS 186CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOME 187CONSOLIDATED STATEMENT OF FINANCIALPOSITION 12CHAIRMAN’S STATEMENT 19MANAGEMENT DISCUSSION AND ANALYSIS 189CONSOLIDATED STATEMENT OF CHANGESIN EQUITY 191CONSOLIDATED STATEMENT OF CASHFLOWS 193NOTES TO THE CONSOLIDATED FINANCIALSTATEMENTS 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. Xie Qing HuaMr. Brent Richard Irvin Independent Non-Executive Directors Mr. Yang Chia HungMr. Dai XiaojingMs. Han Yuling AUDIT COMMITTEE Mr. Yang Chia Hung(Chairman)Mr. Xie Qing HuaMs. 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 Ms. 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 66 Tongcheng Travel MansionNo. 66 Yunhui 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 TRANSFEROFFICE 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 CORPORATE INFORMATION公司資料 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, 2024 •11,896.245.8%17,340.7•EBITDA3,123.929.7%4,050.2EBITDA26.3%23.4%•2,199.126.7%2,785.418.5%16.1%•41.34.4%43.1•234.71.5%238.3•1,764.39.3%1,928.1 •Revenue increased by 45.8% year-to-year to RMB17,340.7 million in 2024from RMB11,896.2 million in 2023. •Adjusted EBITDA increased by 29.7% year-to-year from RMB3,123.9million in 2023 to RMB4,050.2 million in 2024. Adjusted EBITDA margindecreased from 26.3% in 2023 to 23.4% in 2024. •Adjusted net profit increased by 26.7% from RMB2,199.1 million in 2023to RMB2,785.4 million in 2024. Adjusted net margin decreased from18.5% in 2023 to 16.1% in 2024. •Average MPUs increased by 4.4% year-to-year from 41.3 million in 2023to 43.1 million in 2024. •APUs increased by 1.5% year-to-year from 234.7 million in 2023 to 238.3million in 2024. 1.KEY FINANCIAL METRICS FOR THE YEAR ENDEDDECEMBER 31, 2024 EBITDA Please refer to “Other Financial Information” below for the meaning of “adjusted EBITDA”and “adjusted net profit for the year”. 2. 2.FINANCIAL INFORMATION BY SEGMENT (i)(ii) Starting from the first quarter of 2024, our chief operating decisionmakers (“CODMs”) started to review information under a new reportingstructure, and segment reporting has been updated to conform tothis change. We think the new segment disclosure better reflects ourbusiness strategies, the development phases of various businesses andthe financial performance, and better aligns with our resource allocation.Our updated reportable segments comprise (i) Core OTA, which mainlyincludes the former OTA segment; and (ii) tourism, which mainlycomprising offline travel agency related services and the operation ofscenic park. ( i )(ii)(iii)(iv)(v)(vi)(vii) Unallocated items mainly include (i) share-bas