Ctrip.com International Ltd. Q1 2010 Earnings Call Transcript

Ctrip.com International Ltd. (CTRP)

Q1 2010 Earnings Call

May 11, 2010 21:00 PM ET

Executives

Lin Zhang – Manager, Investor Relations

James Liang – Chairman

Min Fan – President and CEO

Jane Sun – Chief Financial Officer

Analysts

James Lee – CLSA Limited

Richard Ji – Morgan Stanley

Kathy Chen – Goldman Sachs

Catherine Leung – Citigroup

Ming Zhao – SIG

Eddie Leung – Banc of America

Qui Jin – CICC

Mike Olson – Piper Jaffray

Chris Zee – BNP

Paul Keung – Oppenheimer

Chenyi Lu – Cowen & Company

Presentation

Operator

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Good day, ladies and gentlemen. And welcome to the First Quarter 2010 Ctrip International Earnings Conference Call. My name is [Karla], and I’ll be your coordinator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions)

As a reminder, this conference is being recorded for replay purposes. I would now like to turn the presentation over to your host for today, Ms. Lin Zhang, Manager of Investor Relations. Please proceed.

Lin Zhang

Thank you, [Karla]. Thank you for attending Ctrip’s first quarter 2010 earnings conference call. Joining me on the call today, we have Mr. James Liang, Chairman of the Board; Mr. Min Fan, President and Chief Executive Officer; and Ms. Jane Sun, Chief Financial Officer.

We may during this call discuss our future outlook and performance, which are forward-looking statement made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Forward looking statements involve inherent risks and uncertainties. As such our results may be materially different from the views expressed today. A number of the potential risks and uncertainties are outlined in Ctrip’s public filings with the Securities and Exchange Commission. Ctrip does not undertake any obligation to update any forward looking statement except as required under applicable law.