同程旅行2025中期报告

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 94INTERIM CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIAL POSITION97INTERIM CONDENSED CONSOLIDATEDSTATEMENT OF CHANGES IN EQUITY99INTERIM CONDENSED CONSOLIDATEDSTATEMENT OF CASH FLOWS101NOTES TO THE INTERIM CONDENSEDCONSOLIDATED FINANCIAL INFORMATION163DEFINITION 2CORPORATE INFORMATION 6KEY HIGHLIGHTS 13BUSINESS REVIEW AND OUTLOOK 18MANAGEMENT DISCUSSION AND ANALYSIS 35CORPORATE GOVERNANCE AND OTHERINFORMATION 89REPORT ON REVIEW OF INTERIM FINANCIALINFORMATION 91INTERIM CONDENSED CONSOLIDATEDINCOME STATEMENT 93INTERIM CONDENSED CONSOLIDATEDSTATEMENT OF COMPREHENSIVE INCOME 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 COMPANY SECRETARY 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 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 8 Bank of China Suzhou Industrial Park BranchZhongyin Huilong BuildingNo. 8 Suzhou Avenue WestSuzhou Industrial ParkJiangsu, China STOCK CODE 0780 0780 www.tongchengir.com COMPANY WEBSITE www.tongchengir.com KEY HIGHLIGHTS摘要重點 FOR THE THREE MONTHS ENDED JUNE 30, 2025 •4,245.410.0%4,669.4 •Revenue increased by 10.0% year-to-year to RMB4,669.4 million in thesecond quarter of 2025 from RMB4,245.4 million in the same period of2024. •E B I T D A913.529.7%1,185.2EBITDA21.5%25.4% •Adjusted EBITDA increased by 29.7% from RMB913.5 million in thesecond quarter of 2024 to RMB1,185.2 million in the second quarter of2025. Adjusted EBITDA margin increased to 25.4% in the second quarterof 2025 from 21.5% in the same quarter of 2024. •656.718.0%775.115.5%16.6% •Adjusted net profit increased by 18.0% from RMB656.7 million in thesecond quarter of 2024 to RMB775.1 million in the same quarter of 2025.Adjusted net margin increased from 15.5% in the second quarter of 2024to 16.6% in the same quarter of 2025. •42.59.2%46.4 •Average MPUs increased by 9.2% year-to-year from 42.5 million in thesecond quarter of 2024 to 46.4 million in the same quarter of 2025. 1. 1.KEY FINANCIAL METRICS FOR THE THREEMONTHS ENDED JUNE 30, 2025 EBITDA 2. ( i )(ii)(iii)(iv)(v)(vi)(vii) Unallocated items mainly include (i) share-based compensation expenses; (ii)depreciation of property, plant and equipment and right-of-use assets fromacquisition; (iii) amortization of intangible assets from acquisition; (iv) fair valuechanges of financial investments at fair value through profit or loss; (v) otherincome; (vi) other gains/(losses) - net; and (vii) certain corporate administrativeexpenses and other miscellaneous items. They a