Financial Data and Key Metrics - Net revenues increased by 71% year-over-year to RMB108 million in Q1 2024, driven by the recovery of the travel market [6][16] - Revenues from packaged tours grew by 107% year-over-year to RMB83 million, accounting for 77% of total net revenues [16] - Gross profit increased by 111% year-over-year to RMB82 million, marking the first GAAP profitability in Q1 since listing [7][17] - Net income attributable to ordinary shareholders was RMB13.9 million, with non-GAAP net income at RMB19.7 million [18] - Cash and cash equivalents, restricted cash, and short-term investments totaled RMB1.2 billion as of March 30, 2024 [19] Business Line Performance - GMV of new tour products grew by over 60% compared to the previous quarter, driven by high-quality in-house products [8] - Loyal customers contributed over 65% to total transaction volume in Q1, reflecting strong brand loyalty [8] - Live streaming channels achieved a 200% year-over-year increase in total payment volume, with verification volume growing by 400% [11] - Offline stores saw transaction volume increase by over 200% year-over-year, with approximately 200 stores operational [13] Market Performance - Outbound travel products transaction volume increased by over 200% year-over-year during the Labor Day holiday [6] - Domestic tours accounted for 70% of GMV, while outbound tours increased to 30% of GMV in Q1 [24] - APAC countries were popular destinations due to short distances, warm weather, and visa-free policies [23] Strategic Direction and Industry Competition - The company focused on enhancing in-house products, aiming to increase their proportion in packaged tours [7] - Centralized procurement strategy lowered resource costs, improving product competitiveness [10] - The company strengthened its live streaming network with over 60 in-house accounts and collaborated with 1,000 influencers [13] - Automation technology was leveraged to refine management processes and improve operational efficiency [14] Management Commentary on Operating Environment and Future Outlook - The travel industry in China continued its healthy development trend, with robust growth in the outbound travel market [6] - The company expects net revenues for Q2 2024 to be between RMB114.9 million and RMB119.9 million, representing a 15% to 20% year-over-year increase [19] - The summer vacation is expected to drive significant growth, particularly in outbound travel, with strong demand for packaged tours to Japan [24] Other Important Information - Operating expenses as a percentage of net revenues dropped by 20 percentage points year-over-year [14] - Sales and marketing expenses increased by 84% year-over-year due to higher promotion and personnel-related costs [17] - General and administrative expenses decreased by 8% year-over-year, primarily due to the reversal of allowance for doubtful accounts [18] Q&A Session Question: Performance in outbound and domestic tourism, and outlook for the summer vacation - Domestic tours experienced double-digit growth year-over-year, while outbound travel increased multi-fold due to improved supply and more destination options [23] - Domestic tours accounted for 70% of GMV, and outbound tours increased to 30% of GMV in Q1 [24] - The summer vacation is expected to see significant growth in outbound travel, with strong demand for packaged tours to Japan [24] Question: Profitability outlook for Q2 2024 - The company expects net revenue growth to slow in Q2 due to a higher base in the previous year, but packaged tours will grow faster than total revenues [25] - Gross margin improved to over 70%, driven by a focus on profitable products and cost control measures [25] - The company aims to achieve continuous profitability through strict expense control [25]

NANJING, China, June 4, 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 first quarter ended March 31, 2024.Highlights for the First Quarter of 2024 Net revenues in the first quarter of 2024 increased by 70.9% year-over-year to RMB108.0 million (US$15.0 million[1]).Revenues from package tours in the first quarter of 2024 increased by 106.7% year-over-year to RMB83.0 mill ...

Group 1 - Tuniu Corporation plans to release its unaudited financial results for Q1 2024 on June 4, 2024, before market opens [1] - An earnings conference call will be held on June 4, 2024, at 8:00 am U.S. Eastern Time [1] - The call can be accessed through various dial-in numbers for the US, Hong Kong, Mainland China, and international listeners [1][3] Group 2 - Tuniu is a leading online leisure travel company in China, offering integrated travel services including packaged tours and travel-related services [2] - The company provides a one-stop leisure travel solution through its online platform and offline service network, which includes customer service representatives and retail stores [2]

NANJING, China, April 29, 2024 /PRNewswire/ -- Tuniu Corporation (NASDAQ:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at http://ir.tuniu.com or the SEC's website at www.sec.gov. The Company will provide a hard copy of its annual report containin ...

Table of Contents * Not for trading, but only in connection with the listing on The Nasdaq Global Market of American depositary shares. 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 y ...

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 ...