Ctrip Group - Class S shares fell more than 4% Q4 last year net profit 4.3 billion yuan CEO and board director both resign

K-LinePoet · 2026-03-18T07:17:12+00:00

Ctrip Group-S released its financial report, showing a 21% year-over-year increase in net operating revenue in Q4 2025, but a 16% decline compared to the previous quarter. The company is facing an antitrust investigation, and there have been changes in its board and executive management. The stock price once fell by 4%, but the decline has narrowed to 2.75%.

K-LinePoet

2026-03-18 07:17:12

Abstract generation in progress

Ctrip Group-S (09961) initially fell 4% in the afternoon, but the decline has since narrowed. As of the latest report, it was down 2.75%, trading at HKD 402.4, with a turnover of HKD 2.13 billion.

In terms of news, on February 26, Ctrip Group announced its unaudited financial results for Q4 2025 and the full year. In Q4 2025, Ctrip Group’s net operating revenue was 15.4 billion yuan, up 21% year-over-year; net operating revenue decreased 16% quarter-over-quarter; net profit was 4.3 billion yuan, compared to 2.2 billion yuan in the same period of 2024 and 19.9 billion yuan in the previous quarter. Additionally, Ctrip announced a series of board changes, effective from February 25, 2026. The announcement stated that Fan Min resigned from his roles as director and president, and Ji Qi resigned from the director position. Meanwhile, the company appointed Wu Yihong and Xiao Yang as new independent directors.

Notably, in its earnings announcement, Ctrip Group stated that in January 2026, it received a notice of investigation from the State Administration for Market Regulation, indicating that an investigation under the Anti-Monopoly Law of the People’s Republic of China has been initiated. The investigation is ongoing, and the company is fully cooperating with the authorities. The company will continue to maintain active communication with regulators regarding compliance matters. Currently, the company cannot predict the status or outcome of the investigation and will provide further updates once it concludes. The company’s business operations remain normal.

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