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Tuniu Announces Unaudited Third Quarter 2024 Financial Results

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Tuniu (NASDAQ: TOUR) reported its Q3 2024 financial results, achieving its highest quarterly profit since listing. Net revenues increased 4.4% year-over-year to RMB186.0 million (US$26.5 million), driven by a 6.2% growth in packaged tours revenue to RMB159.3 million.

The company recorded a net income of RMB43.9 million (US$6.3 million), up from RMB39.1 million in Q3 2023. Operating income was RMB29.2 million, with gross profit rising 6.1% to RMB121.8 million. For Q4 2024, Tuniu expects net revenues between RMB100.0-105.0 million, representing a 0-5% year-over-year increase.

The company has repurchased approximately 6.2 million ADSs for US$5.6 million under its US$10 million share repurchase program initiated in March 2024.

Tuniu (NASDAQ: TOUR) ha comunicato i risultati finanziari per il terzo trimestre del 2024, registrando il suo profitto trimestrale più alto da quando è quotata. I ricavi netti sono aumentati del 4,4% rispetto all'anno precedente, raggiungendo i 186,0 milioni di RMB (26,5 milioni di USD), grazie a una crescita del 6,2% nel fatturato dei tour pacchettizzati, che ha toccato i 159,3 milioni di RMB.

L'azienda ha registrato un utile netto di 43,9 milioni di RMB (6,3 milioni di USD), in aumento rispetto ai 39,1 milioni di RMB del terzo trimestre del 2023. L'utile operativo è stato di 29,2 milioni di RMB, con un profitto lordo cresciuto del 6,1%, pari a 121,8 milioni di RMB. Per il quarto trimestre del 2024, Tuniu prevede ricavi netti compresi tra i 100,0 e 105,0 milioni di RMB, che rappresentano un incremento del 0-5% rispetto all'anno precedente.

L'azienda ha riacquistato circa 6,2 milioni di ADS per 5,6 milioni di USD nel quadro del programma di riacquisto azionario di 10 milioni di USD avviato a marzo 2024.

Tuniu (NASDAQ: TOUR) informó sus resultados financieros del tercer trimestre de 2024, alcanzando su mayor beneficio trimestral desde su salida a bolsa. Los ingresos netos aumentaron un 4,4% interanual a 186,0 millones de RMB (26,5 millones de USD), impulsados por un crecimiento del 6,2% en los ingresos de tours empaquetados, que alcanzaron los 159,3 millones de RMB.

La compañía registró un ingreso neto de 43,9 millones de RMB (6,3 millones de USD), en comparación con los 39,1 millones de RMB en el tercer trimestre de 2023. El ingreso operativo fue de 29,2 millones de RMB, con un beneficio bruto que aumentó un 6,1% a 121,8 millones de RMB. Para el cuarto trimestre de 2024, Tuniu espera ingresos netos entre 100,0 y 105,0 millones de RMB, lo que representa un aumento del 0 al 5% en comparación con el año anterior.

La compañía ha recomprado aproximadamente 6,2 millones de ADS por 5,6 millones de USD bajo su programa de recompra de acciones de 10 millones de USD iniciado en marzo de 2024.

투니우 (NASDAQ: TOUR)는 2024년 3분기 재무 결과를 발표하며 상장 이후 가장 높은 분기 이익을 기록했습니다. 순수익은 전년 대비 4.4% 증가한 1억 8600만 위안(2650만 달러)으로, 패키지 여행 수익이 6.2% 성장하여 1억 5930만 위안에 도달한 데 기인합니다.

회사는 순이익 4390만 위안 (630만 달러)을 기록했으며, 이는 2023년 3분기 3910만 위안에서 증가한 수치입니다. 운영 이익은 2920만 위안이며, 총 이익은 6.1% 증가하여 1억 2180만 위안에 달했습니다. 2024년 4분기 동안 투니우는 1억 0천만 위안에서 1억 0500만 위안 사이의 순수익을 예상하며, 이는 전년 대비 0-5% 증가를 의미합니다.

회사는 2024년 3월에 시작된 1000만 달러 규모의 자사주 매입 프로그램에 따라 약 620만 개의 ADS를 560만 달러에 매입했습니다.

Tuniu (NASDAQ: TOUR) a publié ses résultats financiers pour le troisième trimestre 2024, atteignant son plus haut bénéfice trimestriel depuis son introduction en bourse. Les revenus nets ont augmenté de 4,4 % par rapport à l'année précédente pour atteindre 186,0 millions de RMB (26,5 millions de USD), soutenus par une croissance de 6,2 % des revenus des circuits packagés, qui se sont élevés à 159,3 millions de RMB.

La société a enregistré un revenu net de 43,9 millions de RMB (6,3 millions de USD), en hausse par rapport aux 39,1 millions de RMB du troisième trimestre 2023. Le revenu opérationnel s'est élevé à 29,2 millions de RMB, avec un bénéfice brut augmentant de 6,1 % pour atteindre 121,8 millions de RMB. Pour le quatrième trimestre 2024, Tuniu prévoit des revenus nets compris entre 100,0 et 105,0 millions de RMB, représentant une augmentation de 0 à 5 % par rapport à l'année précédente.

La société a racheté environ 6,2 millions d'ADS pour 5,6 millions de USD dans le cadre de son programme de rachat d'actions de 10 millions de USD lancé en mars 2024.

Tuniu (NASDAQ: TOUR) hat die finanziellen Ergebnisse für das 3. Quartal 2024 veröffentlicht und den höchsten Quartalsgewinn seit dem Börsengang erzielt. Die Nettoumsätze stiegen im Vergleich zum Vorjahr um 4,4% auf 186,0 Millionen RMB (26,5 Millionen USD), was auf ein Umsatzwachstum im Bereich der Paketreisen von 6,2% auf 159,3 Millionen RMB zurückzuführen ist.

Das Unternehmen verzeichnete einen Nettoeinkommen von 43,9 Millionen RMB (6,3 Millionen USD), ein Anstieg von 39,1 Millionen RMB im 3. Quartal 2023. Das Betriebsergebnis betrug 29,2 Millionen RMB, wobei der Bruttogewinn um 6,1% auf 121,8 Millionen RMB stieg. Für das 4. Quartal 2024 erwartet Tuniu Nettoumsätze zwischen 100,0 und 105,0 Millionen RMB, was einen Anstieg von 0-5% im Vergleich zum Vorjahr bedeutet.

Das Unternehmen hat im Rahmen seines im März 2024 gestarteten Aktienrückkaufprogramms etwa 6,2 Millionen ADS für 5,6 Millionen USD zurückgekauft.

Positive
  • Highest quarterly profit since company listing
  • Net revenues increased 4.4% YoY to RMB186.0 million
  • Net income grew to RMB43.9 million from RMB39.1 million YoY
  • Packaged tours revenue increased 6.2% YoY
  • Gross profit margin improved to 65.5% from 64.4% YoY
Negative
  • Other revenues decreased 5.1% YoY
  • Operating expenses increased 11.5% YoY
  • Sales and marketing expenses increased 53.0% YoY
  • Operating income decreased from RMB31.7M to RMB29.2M YoY
  • Conservative Q4 guidance of only 0-5% revenue growth

Insights

Tuniu's Q3 2024 results demonstrate solid performance with RMB186.0 million in net revenues, up 4.4% year-over-year. The core packaged tours segment grew 6.2% to RMB159.3 million, showing strong operational execution. Notable improvements in profitability metrics include:

- Gross margin increased to 65.5% from 64.4%
- Net income rose to RMB43.9 million, up from RMB39.1 million
- Strong balance sheet with RMB1.3 billion in cash and equivalents

However, increased sales and marketing expenses (up 53%) could pressure margins. The ongoing share repurchase program, with US$5.6 million executed out of US$10 million authorized, shows management's confidence but may impact cash reserves.

The Chinese leisure travel market shows signs of robust recovery, with Tuniu strategically positioning itself through expanded product offerings and enhanced marketing initiatives. The company's 'travel + new media' approach aligns well with evolving consumer preferences. Q4 2024 guidance of RMB100-105 million in revenues suggests cautious optimism about continued growth.

Key market indicators:
- Diversification of peak season demand
- Focus on personalized services
- Integration of technology with service delivery
- Strategic shift in marketing approach

The reduction in research and development expenses by 25.9% while maintaining growth suggests improved operational efficiency, though long-term innovation capabilities should be monitored.

NANJING, China, Dec. 5, 2024 /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, 2024.

"We are pleased to see that Tuniu continued to maintain profitable growth in the third quarter of 2024, reaching our highest quarterly profit since our listing." said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive Officer. "This quarter, our core packaged tours business continued its steady growth. In the face of greater and more diversified peak season demand, we expanded our product and destination offerings to provide more varied and personalized services for a wider range of customers. We also closely followed changes in consumer habits and further developed our 'travel + new media' marketing model, integrating services with technology to continually enhance user experience to attract more customers. Looking ahead, we remain committed to delivering outstanding customer experiences while striving to promote high-quality development for the company."

Third Quarter 2024 Results

Net revenues were RMB186.0 million (US$26.5 million[1]) in the third quarter of 2024, representing a year-over-year increase of 4.4% from the corresponding period in 2023.

  • Revenues from packaged tours were RMB 159.3 million (US$22.7 million) in the third quarter of 2024, representing a year-over-year increase of 6.2% from the corresponding period in 2023. The increase was primarily due to the growth of organized tours.
  • Other revenues were RMB26.7 million (US$3.8 million) in the third quarter of 2024, representing a year-over-year decrease of 5.1% from the corresponding period in 2023. The decrease was primarily due to the decrease in the fees for advertising services provided to tourism boards and bureaus.

Cost of revenues was RMB64.2 million (US$9.2 million) in the third quarter of 2024, representing a year-over-year increase of 1.2% from the corresponding period in 2023. As a percentage of net revenues, cost of revenues was 34.5% in the third quarter of 2024, compared to 35.6% in the corresponding period in 2023.

Gross profit was RMB121.8 million (US$17.4 million) in the third quarter of 2024, representing a year-over-year increase of 6.1% from the corresponding period in 2023.

Operating expenses were RMB92.6 million (US$13.2 million) in the third quarter of 2024, representing a year-over-year increase of 11.5% from the corresponding period in 2023.

  • Research and product development expenses were RMB13.6 million (US$1.9 million) in the third quarter of 2024, representing a year-over-year decrease of 25.9%. The decrease was primarily due to the decrease in research and product development personnel related expenses. Research and product development expenses as a percentage of net revenues were 7.3% in the third quarter of 2024, decreasing from 10.3% as a percentage of net revenues in the corresponding period in 2023.
  • Sales and marketing expenses were RMB60.6 million (US$8.6 million) in the third quarter of 2024, representing a year-over-year increase of 53.0%. The increase was primarily due to the increase in promotion expenses. Sales and marketing expenses as a percentage of net revenues were 32.6% in the third quarter of 2024, increasing from 22.2% as a percentage of net revenues in the corresponding period in 2023.
  • General and administrative expenses were RMB18.6 million (US$2.7 million) in the third quarter of 2024, representing a year-over-year decrease of 31.3%. The decrease was primarily due to the reversal of allowance for doubtful accounts. General and administrative expenses as a percentage of net revenues were 10.0% in the third quarter of 2024, decreasing from 15.2% as a percentage of net revenues in the corresponding period in 2023.

Income from operations was RMB29.2 million (US$4.2 million) in the third quarter of 2024, compared to an income from operations of RMB31.7 million in the third quarter of 2023. Non-GAAP[2] income from operations, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB31.3 million (US$4.5 million) in the third quarter of 2024.

Net income was RMB43.9 million (US$6.3 million) in the third quarter of 2024, compared to a net income of RMB39.1 million in the third quarter of 2023. Non-GAAP net income, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB46.0 million (US$6.6 million) in the third quarter of 2024.

Net income attributable to ordinary shareholders of Tuniu Corporation was RMB44.4 million (US$6.3 million) in the third quarter of 2024, compared to a net income attributable to ordinary shareholders of Tuniu Corporation of RMB39.4 million in the third quarter of 2023. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB46.6 million (US$6.6 million) in the third quarter of 2024.

As of September 30, 2024, the Company had cash and cash equivalents, restricted cash and short-term investments of RMB1.3 billion (US$185.8 million).

Business Outlook

For the fourth quarter of 2024, Tuniu expects to generate RMB100.0 million to RMB105.0 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2023. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change.

Share Repurchase Update

In March 2024, the Company's Board of Directors authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its ordinary shares or American depositary shares representing ordinary shares. As of November 30, 2024, the Company had repurchased an aggregate of approximately 6.2 million ADSs for approximately US$5.6 million from the open market under the share repurchase program.

Conference Call Information

Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on December 5, 2024, (9:00 pm, Beijing/Hong Kong Time, on December 5, 2024) to discuss the third quarter 2024 financial results.

To participate in the conference call, please dial the following numbers:

United States

1-888-346-8982

Hong Kong

852-301-84992

Mainland China

4001-201203

International

1-412-902-4272

Conference ID: Tuniu 3Q 2024 Earnings Conference Call

A telephone replay will be available one hour after the end of the conference call through December 12, 2024. The dial-in details are as follows:

United States

1-877-344-7529

International

1-412-317-0088

Replay Access Code: 6264965

Additionally, a live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.tuniu.com.

About Tuniu

Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; Tuniu's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu's structure, business and industry; the impact of health epidemics on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement the Company's unaudited consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), the Company has provided non-GAAP information related to income from operations, net income, net income attributable to ordinary shareholders of Tuniu Corporation, which excludes share-based compensation expenses, amortization of acquired intangible assets and net gain on disposals of subsidiaries. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We believe that the non-GAAP financial measures used in this press release are useful for understanding and assessing underlying business performance and operating trends, and management and investors benefit from referring to these non-GAAP financial measures in assessing our financial performance and when planning and forecasting future periods.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Tuniu encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and non-GAAP Results" set forth at the end of this press release.

[1] The conversion of Renminbi ("RMB") into United States dollars ("US$") is based on the exchange rate of US$1.00=RMB 7.0176 on September 30, 2024 as set forth in H.10 statistical release of the U.S. Federal Reserve Board and available at https://www.federalreserve.gov/releases/h10/default.htm

[2] The section below entitled "About Non-GAAP Financial Measures" provides information about the use of Non-GAAP financial measures in this press release, and the table captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release reconciles Non-GAAP financial information with the Company's financial results under GAAP.

 

 

 

Tuniu Corporation

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands, except per share information)


 December 31, 2023 


 September 30, 2024 


 September 30, 2024 


 RMB 


 RMB 


 US$ 







ASSETS






Current assets






Cash and cash equivalents

378,989


401,925


57,274

Restricted cash 

65,902


24,946


3,555

Short-term investments

777,890


877,088


124,984

Accounts receivable, net

41,633


61,616


8,780

Amounts due from related parties

9,515


221


31

Prepayments and other current assets  

234,189


224,144


31,940

Total current assets

1,508,118


1,589,940


226,564







Non-current assets






Long-term investments

209,819


210,991


30,066

Property and equipment, net

57,479


53,408


7,611

Intangible assets, net

26,091


23,154


3,299

Land use right, net

90,529


88,983


12,680

Operating lease right-of-use assets, net

12,484


9,892


1,410

Other non-current assets

55,960


30,548


4,353

Total non-current assets

452,362


416,976


59,419

Total assets

1,960,480


2,006,916


285,983







LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND
EQUITY






Current liabilities






Short-term borrowings

7,277


35


5

Accounts and notes payable 

317,104


397,331


56,619

Amounts due to related parties

6,405


8,723


1,243

Salary and welfare payable

21,401


20,778


2,961

Taxes payable

4,305


2,265


323

Advances from customers

270,197


178,258


25,402

Operating lease liabilities, current

2,709


3,117


444

Accrued expenses and other current liabilities

329,481


323,590


46,110

Total current liabilities

958,879


934,097


133,107







Non-current liabilities






Operating lease liabilities, non-current

5,348


3,465


494

Deferred tax liabilities

6,027


5,338


761

Long-term borrowings

10,395


-


-

Total non-current liabilities

21,770


8,803


1,255

Total liabilities

980,649


942,900


134,362







Redeemable noncontrolling interests

27,200


27,200


3,876







Equity






Ordinary shares

249


249


35

Less: Treasury stock

(285,983)


(316,943)


(45,164)

Additional paid-in capital

9,138,720


9,145,624


1,303,241

Accumulated other comprehensive income

305,416


304,892


43,447

Accumulated deficit

(8,127,552)


(8,026,171)


(1,143,720)

Total Tuniu Corporation shareholders' equity

1,030,850


1,107,651


157,839

Noncontrolling interests

(78,219)


(70,835)


(10,094)

Total equity

952,631


1,036,816


147,745

Total liabilities, redeemable noncontrolling interests and equity

1,960,480


2,006,916


285,983







 

 

 

Tuniu Corporation

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(All amounts in thousands, except per share information)


 Quarter Ended 


 Quarter Ended 


 Quarter Ended 


 Quarter Ended 


 September 30, 2023 


 June 30, 2024 


 September 30, 2024 


 September 30, 2024 


 RMB 


 RMB 


 RMB 


 US$ 









Revenues








Packaged tours

150,052


89,782


159,289


22,699

Others

28,139


27,155


26,706


3,806

Net revenues

178,191


116,937


185,995


26,505

Cost of revenues

(63,424)


(32,530)


(64,212)


(9,150)

Gross profit

114,767


84,407


121,783


17,355









Operating expenses








Research and product development

(18,400)


(12,693)


(13,640)


(1,944)

Sales and marketing

(39,583)


(40,222)


(60,578)


(8,632)

General and administrative

(27,089)


(21,737)


(18,600)


(2,650)

Other operating income

2,005


24,735


202


29

Total operating expenses

(83,067)


(49,917)


(92,616)


(13,197)

Income from operations

31,700


34,490


29,167


4,158

Other income/(expenses)








Interest and investment income, net

7,397


8,221


7,213


1,028

Interest expense

(1,102)


(1,230)


(865)


(123)

Foreign exchange gains/(losses), net

1,983


(1,282)


1,115


159

Other income, net

1,687


1,822


6,931


988

Income before income tax expense

41,665


42,021


43,561


6,210

Income tax loss

(964)


(459)


(159)


(23)

Equity in (loss)/income of affiliates

(1,630)


1,438


464


66

Net income

39,071


43,000


43,866


6,253

Net  loss attributable to noncontrolling interests

(332)


(22)


(582)


(83)

Net income attributable to ordinary shareholders of Tuniu
Corporation

39,403


43,022


44,448


6,336









Net income

39,071


43,000


43,866


6,253

Other comprehensive (loss)/income:








Foreign currency translation adjustment, net of nil tax

(1,413)


4,301


(6,859)


(977)

Comprehensive income

37,658


47,301


37,007


5,276









Net income per ordinary share attributable to ordinary
shareholders - basic and diluted

0.11


0.12


0.12


0.02

Net income per ADS - basic and diluted*

0.33


0.36


0.36


0.06









Weighted average number of ordinary shares used in computing
basic income per share

371,473,030


363,061,543


357,427,106


357,427,106

Weighted average number of ordinary shares used in computing
diluted income per share

374,615,685


365,317,172


359,607,726


359,607,726









Share-based compensation expenses included are as follows








Cost of revenues

79


65


65


9

Research and product development

79


65


65


9

Sales and marketing

43


31


32


5

General and administrative

5,356


1,429


1,246


178

Total

5,557


1,590


1,408


201









*Each ADS represents three of the Company's ordinary shares.








 

 

 

Reconciliations  of GAAP and Non-GAAP Results

(All amounts in thousands, except per share information)












 Quarter Ended September 30, 2024


 GAAP Result 


 Share-based 


Amortization of acquired 


Net gain on


 Non-GAAP 



 Compensation 


  intangible assets 


 disposals of subsidiaries 


 Result 











Income from operations

29,167


1,408


764


-


31,339











Net income

43,866


1,408


764


-


46,038











Net income attributable to ordinary shareholders

44,448


1,408


764


-


46,620






















 Quarter Ended June 30, 2024


 GAAP Result 


 Share-based 


Amortization of acquired 


Net gain on


 Non-GAAP 



 Compensation 


  intangible assets 


 disposals of subsidiaries 


 Result 











Income from operations

34,490


1,590


828


(24,618)


12,290











Net income

43,000


1,590


828


(24,618)


20,800











Net income attributable to ordinary shareholders

43,022


1,590


828


(24,618)


20,822






















 Quarter Ended September 30, 2023


 GAAP Result 


 Share-based 


Amortization of acquired 


Net gain on


 Non-GAAP 



 Compensation 


  intangible assets 


 disposals of subsidiaries 


 Result 











Income from operations

31,700


5,557


828


-


38,085











Net income

39,071


5,557


828


-


45,456











Net income attributable to ordinary shareholders

39,403


5,557


828


-


45,788

 

Cision View original content:https://www.prnewswire.com/news-releases/tuniu-announces-unaudited-third-quarter-2024-financial-results-302323596.html

SOURCE Tuniu Corporation

FAQ

What was Tuniu's (TOUR) net revenue in Q3 2024?

Tuniu reported net revenues of RMB186.0 million (US$26.5 million) in Q3 2024, representing a 4.4% increase year-over-year.

How much net income did Tuniu (TOUR) generate in Q3 2024?

Tuniu generated a net income of RMB43.9 million (US$6.3 million) in Q3 2024, compared to RMB39.1 million in Q3 2023.

What is Tuniu's (TOUR) revenue guidance for Q4 2024?

Tuniu expects Q4 2024 net revenues between RMB100.0-105.0 million, representing a 0-5% year-over-year increase.

How much has Tuniu (TOUR) spent on share repurchases as of November 2024?

As of November 30, 2024, Tuniu had repurchased approximately 6.2 million ADSs for US$5.6 million under its US$10 million share repurchase program.

Tuniu Corporation

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