Tuniu Corporation TOUR

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1.065
1.120
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Tuniu(TOUR.US)
1.065
1.120
+4.93%
+5.16%

Press Release: Tuniu Announces Unaudited Third Quarter 2023 Financial Results
Dow Jones
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Tuniu(TOUR.US)
1.065
1.120
+4.93%
+5.16%

Tuniu Announces Unaudited Third Quarter 2023 Financial Results

PR Newswire

NANJING, China, Nov. 21, 2023

NANJING, China, Nov. 21, 2023 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Highlights for the Third Quarter of 2023

-- Net revenues in the third quarter of 2023 increased by 128.9%
year-over-year to RMB178.2 million (US$24.4 million[1]).
-- Revenues from package tours in the third quarter of 2023 increased by
262.1% year-over-year to RMB150.1 million (US$20.6 million).
-- Gross profit in the third quarter of 2023 increased by 154.9%
year-over-year to RMB114.8 million (US$15.7 million).
-- Income from operations in the third quarter of 2023 was RMB31.7 million
(US$4.3 million), compared to a loss from operations of RMB14.3 million
in the third quarter of 2022. Non-GAAP[2] income from operations in the
third quarter of 2023 was RMB38.1 million (US$5.2 million), compared to a
Non-GAAP loss from operations of RMB12.3 million in the third quarter of
2022.
-- Net income in the third quarter of 2023 was RMB39.1 million (US$5.4
million), compared to a net loss of RMB23.5 million in the third quarter
of 2022. Non-GAAP net income in the third quarter of 2023 was RMB45.5
million (US$6.2 million), compared to a Non-GAAP net loss of RMB21.6
million in the third quarter of 2022.
"We are pleased to report continued growth for the third quarter of 2023," said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive Officer. "Our net revenues increased by 128.9% year-over-year, and revenues from packaged tours increased by 262.1% year-over-year. Our GAAP net income turned positive on a year-over-year basis, reaching a new quarterly high since our listing. Notwithstanding taking advantage of China's peak travel season to achieve revenue recovery, we remained committed to our strategy of operational efficiency improvement to deliver profitable growth. In our business operations, we continue to capitalize on our competitive advantages in products, services, and technology to attract more customers seeking premium travel experiences and to drive sustainable revenue growth in the long-term. As we persist in implementing stringent cost control measures to lower expenses as a percentage of revenues, Tuniu's path to profitability will become increasingly clear."

Visionary Education Technology: Registration statement for securities of certain Canadian issuers (Amendment)
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03/25/2022 08:22
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