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Income Statement (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 12.8B | 7.3% |
| Gross Profit | 10.5B | 8.2% |
| Cost of Revenue | 2.31B | 3.3% |
| Operating expense | 9.22B | 45.1% |
| Net Income | 3.83B | 11.1% |
Balance Sheet (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 248B | 8.5% |
| Total Liabilities | 116B | 16.6% |
| Total Equity | 131B | 2.1% |
| Shares Outstanding | 651M | 3.7% |
Cash Flow (CNY)
| Q2 '24 | QoQ |
|---|
Financial Highlights for Trip.com in Q2 '24
Trip.com reported a revenue of 12.8B, which is a 7.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 10.5B, marking a 8.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.31B, a 3.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 9.22B, showing a 45.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 3.83B, showing a -11.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Trip.com faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
