Financial Data and Key Metrics Changes - In Q4 2023, net revenues increased by 266% year-over-year to RMB99.9 million, driven by a 1377% increase in package tour revenues [5][18] - Gross profit for Q4 2023 was RMB74.6 million, up 512% year-over-year [5][18] - For the full year 2023, net revenues reached RMB441.3 million, a 140% increase year-over-year, with package tour revenues up 374% to RMB333.4 million [7][21] - Non-GAAP net income for 2023 was RMB52.6 million, marking the first full-year profitability since the pandemic [7][23] Business Line Data and Key Metrics Changes - Package tours accounted for 73% of total net revenues in Q4 2023, while other revenues increased by 19% year-over-year [18] - In 2023, package tours represented 76% of total net revenues, with a significant increase in organized tours [21][22] - The average customer satisfaction rate for new tour products increased from slightly over 90% to over 98% during summer 2023 [9] Market Data and Key Metrics Changes - The number of newly opened outbound travel destination countries increased from 20 to 138 by the end of Q4 2023 [5] - The GMV from corporate clients increased by over 40% in Q4 2023 compared to the previous quarter [12] - Total payment volume from live streaming channels exceeded RMB1 billion in 2023, with profitability achieved for the full year [13] Company Strategy and Development Direction - The company aims to focus on developing high-quality in-house products, particularly new tours, which provide pricing power and steady revenue contributions [27] - Expansion of sales channels through live streaming and offline stores is a priority, targeting both young consumers and senior citizens [28] - The company plans to enhance customer service for travel-related products, including air tickets and hotels, to improve the overall customer experience [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the travel market's recovery, citing the positive growth momentum continuing into 2024 [15] - The company anticipates a 60% to 70% year-over-year increase in net revenues for Q1 2024, aiming to maintain a higher than industry average growth rate [24][28] - Management highlighted the importance of strict cost control measures to enhance profitability [16] Other Important Information - The company recorded a goodwill impairment of RMB114.7 million in Q4 2023, impacting GAAP net loss [19][20] - Cash and cash equivalents as of December 31, 2023, totaled RMB1.2 billion [21] Q&A Session Summary Question: What are the core causes of the GAAP net loss in Q4 despite good financial performance? - Management explained that the GAAP net loss was primarily due to over RMB100 million of goodwill impairment, despite achieving non-GAAP profitability for the third consecutive quarter [27] Question: What are the strategic plans for this year in both business and finance? - Management outlined plans to focus on in-house product development, expand sales channels, and improve services for travel-related products, with an expectation of significant revenue growth in 2024 [27][28]

NANJING, China, March 1, 2024 /PRNewswire/ -- Tuniu Corporation (NASDAQ:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it plans to release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, before the market opens on March 13, 2024.Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time on March 13, 2024 (8:00 pm Beijing/Hong Kong Time on March 13, 2024).Listeners may access t ...

Financial Data and Key Metrics Changes - Tuniu reported net revenues of RMB 178.2 million for Q3 2023, a year-over-year increase of 129% [11] - Gross profit for the quarter was RMB 114.8 million, up 155% year-over-year [11] - Net income attributable to ordinary shareholders was RMB 39.4 million, marking the highest quarterly GAAP net income since the company's listing [4][12] - Operating expenses were RMB 83.1 million, up 40% year-over-year, but as a percentage of net revenue, they decreased to 47% from 17.6% in the same period last year [10][12] Business Line Data and Key Metrics Changes - Revenue from packaged tours increased by 262% year-over-year to RMB 150.1 million, accounting for 84% of total net revenues [11] - Other revenues decreased by 23% year-over-year to RMB 28.1 million, accounting for 16% of total net revenues [11] Market Data and Key Metrics Changes - Domestic tours contributed approximately 80% of total GMV, while outbound tours contributed 20%, up from over 10% in the previous quarter [14] - Popular domestic destinations included Yunnan and Guangdong provinces, while Europe was the top outbound destination, followed by the Maldives and Southeast Asia [14] Company Strategy and Development Direction - Tuniu is focused on leveraging centralized procurement to enhance price competitiveness and product offerings [5] - The company aims to maintain high service quality and customer satisfaction, achieving a 98% satisfaction rate for new tour products [6] - Tuniu plans to extend automation capabilities into supply chain management to improve efficiency [10] Management's Comments on Operating Environment and Future Outlook - Management noted a rapid recovery in the travel market, particularly in domestic tourism, and expressed confidence in achieving long-term profitability goals [4] - The company anticipates generating net revenues of RMB 87.4 million to RMB 92.9 million in Q4 2023, representing a 220% to 240% increase year-over-year [11][12] - Management acknowledged potential headwinds in certain outbound destinations due to environmental and security issues [15] Other Important Information - Tuniu's cash and cash equivalents, restricted cash, and short-term investments totaled RMB 1.2 billion as of September 30, 2023 [12] - The company has successfully incubated over 100 emerging influencers to enhance its live streaming capabilities [10] Q&A Session Summary Question: What are the proportions of domestic and outbound tourism in revenues, and what are the top tourist destinations? - Domestic tours contributed around 80% of total GMV, while outbound tours contributed 20%, with Yunnan and Guangdong being popular domestic destinations and Europe leading outbound travel [14] Question: What is the outlook for the fourth quarter and the full year 2023 regarding profitability? - The GMV generated during the National Day holiday has more than tripled compared to last year, and the company aims to achieve profitable yearly results for 2023 despite the off-season challenges [15]

Tuniu Corporation (NASDAQ:TOUR) Q2 2023 Earnings Conference Call August 17, 2023 8:00 AM ET Company Participants Mary Chen - Investor Relations Director Donald Dunde Yu - Founder, Chairman and Chief Executive Officer Anqiang Chen - Financial Controller Conference Call Participants Rachel Lee - Private Investor Operator Good day, and welcome to the Tuniu ‘23 Q2 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to as ...

Tuniu Corporation (NASDAQ:TOUR) Q1 2023 Earnings Conference Call June 9, 2023 8:00 AM ET Company Participants Mary Chen - Director of Investor Relations Donald Dunde Yu - Founder, Chairman and Chief Executive Officer Anqiang Chen - Financial Controller Conference Call Participants Operator Hello and thank you for standing by for Tuniu's 2023 First Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer ...

Exhibit 99.1 Tuniu Announces Unaudited First Quarter 2023 Financial Results NANJING, China, June 9, 2023 - Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the first quarter ended March 31, 2023. Highlights for the First Quarter of 2023 · Net revenues in the first quarter of 2023 increased by 52.3% year-over-year to RMB63.2 million (US$9.2 million). · Revenues from package tours in the first qua ...

Table of Contents Securities registered or to be registered pursuant to Section 12(g) of the Act. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Tuniu Corporation (NASDAQ:TOUR) Q4 2022 Earnings Conference Call March 17, 2023 8:00 AM ET Company Participants Mary Chen - Director of Investor Relations Donald Yu - Founder, Chairman and Chief Executive Officer Anqiang Chen - Financial Controller Conference Call Participants Operator Hello, and thank you for standing by for Tuniu's 2022 Fourth Quarter and Full Year Earnings Conference Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a questio ...

Tuniu Corporation (NASDAQ:TOUR) Q3 2022 Earnings Conference Call December 1, 2022 8:00 AM ET Company Participants Mary Chen - Director-Investor Relations Donald Yu - Founder, Chairman and Chief Executive Officer Anqiang Chen - Financial Controller Conference Call Participants Operator Hello, and thank you for standing by for Tuniu's 2022 Third Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer ses ...

[Financial Performance Overview](index=1&type=section&id=Financial%20Performance%20Overview) [Third Quarter 2022 Key Financial Results](index=1&type=section&id=Third%20Quarter%202022%20Key%20Financial%20Results) In Q3 2022, Tuniu's net revenues decreased by 32.1% to RMB77.9 million due to COVID-19, yet net loss narrowed to RMB23.5 million with gross margin improving to 57.8% through cost control - The CEO highlighted that despite uncertainties, the company focused on the vacation market, leveraged its integrated model, and implemented cost control measures to improve operational efficiency[2](index=2&type=chunk) Q3 2022 Key Financial Metrics (RMB) | Metric | Q3 2022 | Q3 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Net Revenues | 77.9 million | 114.6 million | -32.1% | | Gross Margin | 57.8% | 34.7% | +23.1 p.p. | | Loss from Operations | 14.3 million | 56.6 million | N/A (Loss Narrowed) | | Net Loss | 23.5 million | 36.6 million | N/A (Loss Narrowed) | [Revenue Analysis](index=1&type=section&id=Revenue%20Analysis) Total net revenues for Q3 2022 declined 32.1% to RMB77.9 million, primarily due to a 54.3% drop in packaged tour revenues, partially offset by a 52.3% increase in other revenues Q3 2022 Revenue Breakdown (RMB) | Revenue Stream | Q3 2022 | YoY Change | | :--- | :--- | :--- | | Packaged Tours | 41.4 million | -54.3% | | Other Revenues | 36.4 million | +52.3% | | **Total Net Revenues** | **77.9 million** | **-32.1%** | [Cost and Gross Margin](index=1&type=section&id=Cost%20and%20Gross%20Margin) Cost of revenues significantly decreased by 56.2% to RMB32.8 million in Q3 2022, leading to a substantial improvement in gross margin from 34.7% to 57.8% - Cost of revenues as a percentage of net revenues decreased to **42.2%** in Q3 2022, down from **65.3%** in Q3 2021[4](index=4&type=chunk) Q3 2022 Cost and Margin Performance (RMB) | Metric | Q3 2022 | Q3 2021 | | :--- | :--- | :--- | | Cost of Revenues | 32.8 million | 74.9 million | | Gross Margin | 57.8% | 34.7% | [Operating Expenses](index=1&type=section&id=Operating%20Expenses) Operating expenses were successfully reduced by 38.5% to RMB59.3 million in Q3 2022, driven by significant cuts across research, sales, marketing, and general administrative costs Q3 2022 Operating Expense Breakdown (RMB) | Expense Category | Q3 2022 | YoY Change | | :--- | :--- | :--- | | Research & Product Development | 9.7 million | -37.6% | | Sales & Marketing | 26.5 million | -36.4% | | General & Administrative | 24.3 million | -41.1% | | **Total Operating Expenses** | **59.3 million** | **-38.5%** | [Profitability Analysis](index=2&type=section&id=Profitability%20Analysis) Tuniu significantly narrowed its Q3 2022 losses, with loss from operations decreasing to RMB14.3 million and net loss attributable to shareholders reducing to RMB22.0 million, reflecting effective cost control Q3 2022 Profitability Metrics (RMB) | Metric | Q3 2022 (GAAP) | Q3 2021 (GAAP) | | :--- | :--- | :--- | | Loss from Operations | (14.3 million) | (56.6 million) | | Net Loss | (23.5 million) | (36.6 million) | | Net Loss Attributable to Shareholders | (22.0 million) | (35.1 million) | - On a non-GAAP basis, loss from operations was **RMB12.3 million** and net loss was **RMB21.6 million**[9](index=9&type=chunk)[10](index=10&type=chunk) [Liquidity and Financial Position](index=3&type=section&id=Liquidity%20and%20Financial%20Position) As of September 30, 2022, Tuniu maintained a strong liquidity position with RMB949.6 million (US$133.5 million) in cash and equivalents, deemed sufficient for future operational needs - The company held cash and cash equivalents, restricted cash, and short-term investments totaling **RMB949.6 million (US$133.5 million)** as of September 30, 2022[12](index=12&type=chunk) - Management believes available cash and investments are sufficient for working capital and capital expenditures for the next twelve months[12](index=12&type=chunk) [Corporate Updates and Outlook](index=3&type=section&id=Corporate%20Updates%20and%20Outlook) [Management Changes](index=3&type=section&id=Management%20Changes) Tuniu appointed Mr. Jie Chen as a new independent director effective December 1, 2022, enhancing the board's independent majority - Mr. Jie Chen was appointed as an independent director to the Board, replacing Mr. Jiangtao Liu, effective December 1, 2022[13](index=13&type=chunk) - Mr. Chen currently serves as chairman of Caissa Tourism (000796. SZ) and has extensive experience in the tourism industry[14](index=14&type=chunk) [Business Outlook](index=3&type=section&id=Business%20Outlook) For Q4 2022, Tuniu forecasts net revenues between RMB23.5 million and RMB30.8 million, anticipating a significant year-over-year decrease of 58% to 68% - The company expects net revenues for Q4 2022 to be between **RMB23.5 million** and **RMB30.8 million**, representing a **58% to 68% decrease** year-over-year[15](index=15&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) [Unaudited Condensed Consolidated Balance Sheets](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2022, Tuniu's balance sheet shows total assets of RMB2.16 billion, total liabilities of RMB1.07 billion, and total equity of RMB1.06 billion, with current assets exceeding current liabilities Key Balance Sheet Items (in thousands RMB) | Account | Sep 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | Total Current Assets | 1,463,247 | 1,475,442 | | Total Assets | 2,160,889 | 2,297,809 | | Total Current Liabilities | 1,025,422 | 979,013 | | Total Liabilities | 1,072,886 | 1,044,668 | | Total Equity | 1,060,803 | 1,225,941 | [Unaudited Condensed Consolidated Statements of Comprehensive Loss](index=8&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) The Q3 2022 comprehensive loss statement reports net revenues of RMB77.9 million, a gross profit of RMB45.0 million, total operating expenses of RMB59.3 million, and a net loss of RMB23.5 million Q3 2022 Income Statement Summary (in thousands RMB) | Line Item | Q3 2022 | Q3 2021 | | :--- | :--- | :--- | | Net Revenues | 77,858 | 114,624 | | Gross Profit | 45,023 | 39,740 | | Loss from Operations | (14,256) | (56,626) | | Net Loss | (23,504) | (36,579) | | Net Loss per ADS | (0.18) | (0.27) | [Reconciliations of GAAP and Non-GAAP Results](index=10&type=section&id=Reconciliations%20of%20GAAP%20and%20Non-GAAP%20Results) This section reconciles Q3 2022 GAAP to non-GAAP results, showing a non-GAAP loss from operations of RMB12.3 million and a non-GAAP net loss attributable to shareholders of RMB20.1 million after adjustments Q3 2022 GAAP to Non-GAAP Reconciliation (in thousands RMB) | Metric | GAAP Result | Adjustments | Non-GAAP Result | | :--- | :--- | :--- | :--- | | Loss from Operations | (14,256) | 1,931 | (12,325) | | Net Loss Attributable to Shareholders | (22,048) | 1,931 | (20,117) | - Primary adjustments for GAAP to Non-GAAP reconciliation include share-based compensation expenses and amortization of acquired intangible assets[20](index=20&type=chunk)[30](index=30&type=chunk) [Supplementary Information](index=3&type=section&id=Supplementary%20Information) [Conference Call Information](index=3&type=section&id=Conference%20Call%20Information) Tuniu scheduled an earnings conference call for December 1, 2022, at 8:00 am U.S. Eastern Time to discuss its third-quarter financial results - An earnings conference call was scheduled for **December 1, 2022**, at **8:00 am U.S. Eastern Time**[16](index=16&type=chunk) - Details for live participation, telephone replay, and an archived webcast were provided for investors[16](index=16&type=chunk)[17](index=17&type=chunk) [About Tuniu & Safe Harbor Statement](index=4&type=section&id=About%20Tuniu%20%26%20Safe%20Harbor%20Statement) This section provides Tuniu's corporate profile as a leading online leisure travel company in China, followed by a safe harbor statement regarding forward-looking statements and associated risks - Tuniu is described as a leading online leisure travel company in China offering packaged tours and travel-related services via its website and mobile platform[18](index=18&type=chunk) - The safe harbor statement warns that forward-looking statements are subject to risks, including the impact of COVID-19, competition, and government policies[19](index=19&type=chunk) [About Non-GAAP Financial Measures](index=5&type=section&id=About%20Non-GAAP%20Financial%20Measures) Tuniu utilizes non-GAAP financial measures, excluding items like share-based compensation and amortization of acquired intangibles, to provide a clearer view of underlying business performance - The company uses non-GAAP measures to provide a clearer understanding of underlying business performance by excluding certain non-cash or non-recurring items[20](index=20&type=chunk) - Key exclusions from GAAP results include share-based compensation expenses, amortization of acquired intangible assets, gain on disposals of subsidiaries, and impairment of goodwill[20](index=20&type=chunk)[21](index=21&type=chunk)