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Tuniu Corporation (Nasdaq: TOUR) is a leading online leisure travel company based in China, recognized for its expansive and diverse selection of packaged tours and travel-related services. Through its website tuniu.com and mobile platform, Tuniu offers organized, self-guided tours, and comprehensive travel solutions catering to leisure travelers. The company's extensive portfolio covers over 1,200,000 stock keeping units (SKUs) of packaged tours, spanning more than 140 countries globally, with a significant focus on popular tourist destinations within China.
Tuniu aims to provide a seamless and enjoyable travel experience through a combination of its online platform and extensive offline service network, including over 1,350 tour advisors, a 24/7 call center, and 170 regional service centers. Their goal is to become the go-to destination for Chinese consumers seeking leisure travel products and services. By expanding product offerings, increasing their customer base, and enhancing customer loyalty, Tuniu is dedicated to growing its market share in the online leisure travel sector.
In recent financial updates, Tuniu reported significant growth and milestones. For the second quarter of 2023, the company saw a 170.5% year-over-year increase in net revenues, with revenues from packaged tours jumping by 632.3%. This marked the first time Tuniu achieved a quarterly operating profit since its listing. Moving into the third quarter of 2023, net revenues continued to rise by 128.9% year-over-year, with packaged tours revenue increasing by 262.1%. The third quarter also saw Tuniu achieve its highest GAAP net income since its listing.
The company has also faced challenges, notably receiving a Nasdaq notification in January 2024 for non-compliance with the minimum bid price requirement, giving Tuniu 180 days to regain compliance. Despite this, Tuniu's financial performance remained strong, with net revenues increasing by 265.8% year-over-year in the fourth quarter of 2023 and a fiscal year gain of 140.3% over 2022. Their first quarter of 2024 also showed continued growth with net revenues increasing by 70.9% year-over-year, marking the first profitable first quarter since their listing.
Tuniu's strategic focus includes leveraging its competitive advantages in products, services, and technology to attract more customers, improve operational efficiency, and achieve long-term sustainable growth. The company also announced a share repurchase program worth up to $10 million to enhance shareholder value.
Tuniu (Nasdaq: TOUR), a leading online leisure travel company in China, has regained compliance with Nasdaq's minimum bid price requirement. The company received a compliance notice from Nasdaq on October 16, 2024, confirming that it has met the Nasdaq Listing Rule 5450(a)(1).
Previously, on August 6, 2024, Tuniu had received a deficiency notice from Nasdaq, indicating that its American depositary shares (ADSs) had been trading below the minimum bid price of $1.00 for 31 consecutive business days. The company was given a 180-day compliance period to rectify this issue.
Tuniu successfully met the requirement by maintaining a closing bid price of $1.00 or greater for its ADSs for over 10 consecutive business days. As a result, Nasdaq has confirmed Tuniu's compliance, and the matter is now closed.
Tuniu (Nasdaq: TOUR), a leading online leisure travel company in China, has signed a Letter of Intent (LOI) with the Tourism Authority of Thailand (TAT) on August 30, 2024. This strategic cooperation aims to enhance the travel experience for Chinese tourists in Thailand. Key points include:
1. Thailand is a popular destination for Chinese tourists, with Tuniu's packaged tours to Thailand increasing over 160% year-over-year from January to July 2024.
2. The partnership focuses on strengthening promotion and communication efforts.
3. TAT aims to drive sustainable growth in Thailand's digital economy and improve travel convenience for Chinese tourists.
4. Tuniu plans to leverage its product innovation and new media channel promotion to offer diverse, high-quality products and services for Chinese tourists visiting Thailand.
Tuniu (Nasdaq: TOUR), a leading online leisure travel company in China, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's American depositary shares (ADSs) have traded below the $1.00 minimum bid price for 31 consecutive business days. Tuniu has been granted a 180-day compliance period until February 3, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for a minimum of ten consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period. Tuniu assures that this notice does not affect its current Nasdaq Global Market listing or business operations and plans to take all reasonable measures to regain compliance.
Tuniu (NASDAQ: TOUR) announced its Q2 2024 financial results, showing significant growth and improved profitability. Revenues from package tours increased by 28.6% year-over-year to RMB89.8 million (US$12.4 million). Gross profit rose by 29.1% to RMB84.4 million (US$11.6 million). Income from operations reached RMB34.5 million (US$4.7 million), compared to RMB6.8 million in Q2 2023. Net income surged to RMB43.0 million (US$5.9 million), up from RMB0.2 million in the same period last year. The company attributes this growth to its focus on core business and products, enhanced product quality, and strengthened new media operations.
Tuniu (NASDAQ:TOUR), a leading online leisure travel company in China, has announced that it will release its unaudited financial results for the second quarter ended June 30, 2024, before the market opens on August 6, 2024. The company's management will hold an earnings conference call at 8:00 am U.S. Eastern Time on the same day.
Investors and analysts can access the call by dialing specific numbers for the US, Hong Kong, Mainland China, and international lines. A telephone replay will be available for one week after the conference call. Additionally, a live and archived webcast of the call will be accessible on the company's investor relations website.
Tuniu (Nasdaq: TOUR), a premier online leisure travel company in China, has regained compliance with Nasdaq's Minimum Bid Price Requirement. This follows the announcement that, for 11 consecutive business days from May 20 to June 3, 2024, Tuniu's American Depositary Shares (ADSs) maintained a closing bid price of at least $1.00. Previously, on January 9, 2024, Tuniu had received a deficiency notice from Nasdaq, indicating that their ADSs' closing bid price was below $1.00 for 30 consecutive business days. With this achievement, Tuniu remains listed on Nasdaq, resolving the compliance issue.
Tuniu, trading under the stock symbol 'TOUR', has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company faced a potential delisting risk due to its stock price falling below $1.00 for 30 consecutive business days. However, Tuniu has now met the necessary criteria, which includes maintaining a minimum closing bid price of $1.00 for at least 10 consecutive business days. This event is a significant milestone for Tuniu, as it ensures continued trading on the Nasdaq Global Market and reflects positively on the company's recent efforts to stabilize its stock performance.
Tuniu (NASDAQ: TOUR), a leading online leisure travel company in China, announced its unaudited financial results for Q1 2024. Net revenues increased by 70.9% year-over-year to RMB108.0 million (US$15.0 million). Revenue from package tours surged by 106.7% to RMB83.0 million (US$11.5 million). Gross profit jumped by 111.0% to RMB82.0 million (US$11.4 million). The company reported an income from operations of RMB12.3 million (US$1.7 million), a significant turnaround from a loss of RMB17.0 million in Q1 2023. Net income reached RMB21.9 million (US$3.0 million), compared to a net loss of RMB7.5 million the previous year. The company also repurchased approximately 3.5 million ADSs worth US$2.9 million. For Q2 2024, Tuniu expects net revenues between RMB114.9 million and RMB119.9 million, marking a 15-20% year-over-year increase.
Tuniu (NASDAQ:TOUR), a leading online leisure travel company in China, announced it will release its unaudited financial results for Q1 2024 on June 4, 2024, before market opens. The results cover the period ending March 31, 2024.
Management will hold an earnings call at 8:00 am U.S. Eastern Time on the same day. Participants can join the call via provided phone numbers for different regions. A replay will be available starting one hour post-call until June 11, 2024. Webcast access will be provided through Tuniu's investor relations website.
Tuniu , a leading online leisure travel company in China, filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC. Shareholders can access the report online or request a hard copy free of charge.
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