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Ctrip.com International's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Ctrip.com International, Ltd. (CTRP)

Q2 2012 Earnings Call

July 25, 2012 9:00 p.m. EDT

Executives

Michelle Qi – IR Manager

Min Fan – President and CEO

Jane Sun – COO

James Zhang Liang – Chairman

Jenny Wu – Deputy CFO

Analysts

Richard Ji – Morgan Stanley

Jin Yoon – Nomura Securities

Chenyi Lu – Cowen & Co.

Alex Yao – Deutsche Bank

Eddie Leung – Merrill Lynch

Jiong Shao – Macquarie Securities

Andy Yeung – Oppenheimer

Mike Olson – Piper Jaffray

Alicia Yap – Barclays Capital

Fawne Jiang – Brean Murray

Catherine Leung – Goldman Sachs

[Tien Hao] – [TH Capital]

[Ming Zhao] – [86 Research]

[Mosai Lee] – Citigroup

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Q2 2012 Ctrip.com International, Limited earnings call. My name is Carla and I’ll be your operator for today. [Operator Instructions].

I would now like to turn the conference over to Ms. Michelle Qi, IR Manager of Ctrip. Please proceed.

Michelle Qi

Thanks, Carla. Thank you for attending Ctrip’s second quarter 2012 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; Ms. Jane Sun, Chief Financial Officer; and Ms. Jenny Wu, Chief Financial Officer.

We may during this call discuss our future outlook and performance, which are forward-looking statements made under the Safe Harbor provisions of the US 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 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 statements except as required under applicable law.

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