The Zhitong Finance App learned that Ctrip Group-S (09961) rose by nearly 5%. As of press release, it had risen 4.64% to HK$365.4, with a turnover of HK$738 million.

According to the news, on July 25, the State Administration of Market Supervision and Administration announced that Ctrip Group Co., Ltd. imposed administrative penalties on the misuse of its dominant position in the market and imposed a monopoly act of confiscating 1,658 billion yuan of illegal proceeds and imposing a fine of 3,521 billion yuan. At the same time, it was ordered to fully refund 122 million yuan of mandatory deducted order reserves from hotel operators, and enterprises were required to comprehensively rectify and disclose the rectification measures.

Dahua Jixian released a research report saying that the penalty decision officially put an end to the antitrust investigation and eliminated the core regulatory uncertainty surrounding the company. Although compliance adjustments and related operational changes may disrupt domestic business in the short term, causing revenue growth to slow to 3% to 8% year-on-year in the second quarter of 2026, considering that overseas business still maintained rapid growth of more than 30%, the overall impact on core profitability was relatively limited. The bank pointed out that with the completion of regulatory investigations and the release of risks, it is expected that the company's valuation concessions will gradually narrow and usher in a revaluation.

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