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)

Tuniu Corporation (NASDAQ:TOUR) Q2 2022 Earnings Conference Call September 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 Second Quarter Earnings Conference Call. [Operator Instructions] After management's prepared remarks, there will be a question-and-answer session. Today’s conference is b ...

[Tuniu Second Quarter 2022 Financial Results](index=1&type=section&id=Tuniu%20Second%20Quarter%202022%20Financial%20Results) [Management Commentary](index=1&type=section&id=Management%20Commentary) Despite the severe impact of a COVID-19 resurgence on the tourism industry in Q2 2022, Tuniu's management observed continued high public enthusiasm for travel and signs of industry recovery, focusing on high-quality products, new offerings, and optimized internal management to lower costs - The company's strategy during the quarter included focusing on high-quality products and services, exploring new product areas while consolidating strengths in packaged tours, adhering to the 'customer first' principle, and optimizing internal management and implementing cost control measures to improve efficiency[2](index=2&type=chunk) - Management expressed confidence in the long-term development potential of the tourism industry despite the challenges on the road to recovery[2](index=2&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Tuniu's Q2 2022 financial performance was significantly impacted by the resurgence of COVID-19, with net revenues falling sharply by **77.0%** year-over-year to **RMB 37.0 million** and a net loss of **RMB 128.5 million** primarily driven by a large goodwill impairment charge Q2 2022 Key Financial Metrics | Metric | Q2 2022 (RMB million) | Q2 2021 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Net Revenues | 37.0 | 161.0 | -77.0% | | Gross Profit | 16.5 | 69.0 | -76.1% | | Loss from Operations | (122.9) | (26.2) | Increased | | Net Loss | (128.5) | (14.0) | Increased | [Revenues](index=1&type=section&id=Revenues) Net revenues for Q2 2022 were **RMB 37.0 million**, a **77.0%** decrease year-over-year, primarily caused by a **92.5%** collapse in revenues from packaged tours due to COVID-19 resurgences in China, with other revenues also declining by **20.4%** Q2 2022 Revenue Breakdown | Revenue Stream | Q2 2022 (RMB million) | Q2 2021 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Packaged Tours | 9.5 | 126.5 | -92.5% | | Other Revenues | 27.4 | 34.5 | -20.4% | | **Total Net Revenues** | **37.0** | **161.0** | **-77.0%** | [Cost of Revenues and Gross Margin](index=1&type=section&id=Cost%20of%20Revenues%20and%20Gross%20Margin) Cost of revenues decreased by **77.8%** to **RMB 20.4 million** in Q2 2022, in line with the decline in business volume, while gross margin slightly improved to **44.7%** from **42.9%** in the prior-year period - Cost of revenues was **RMB 20.4 million**, a year-over-year decrease of **77.8%**[4](index=4&type=chunk) - Gross margin for Q2 2022 was **44.7%**, compared to **42.9%** in Q2 2021[5](index=5&type=chunk) [Operating Expenses](index=2&type=section&id=Operating%20Expenses) Total operating expenses surged **46.5%** year-over-year to **RMB 139.4 million**, primarily due to a significant goodwill impairment charge of **RMB 112.1 million**, though excluding non-GAAP items, operating expenses decreased by **37.8%** - A goodwill impairment of **RMB 112.1 million** was recorded due to the severe adverse impact of COVID-19[6](index=6&type=chunk) - The company recorded a gain on disposals of subsidiaries of **RMB 32.8 million**, which was included in other operating income[6](index=6&type=chunk) Q2 2022 Non-GAAP Operating Expenses (YoY) | Expense Category | Q2 2022 (RMB million) | YoY Change | | :--- | :--- | :--- | | Research & Product Development | 13.1 | +1.8% | | Sales & Marketing | 23.3 | -46.7% | | General & Administrative | 21.6 | -43.0% | | **Total Non-GAAP Operating Expenses** | **55.7** | **-37.8%** | [Profitability](index=3&type=section&id=Profitability) The company's loss from operations widened significantly to **RMB 122.9 million** in Q2 2022 from **RMB 26.2 million** in Q2 2021, leading to a net loss attributable to ordinary shareholders of **RMB 126.5 million**, compared to **RMB 13.1 million** in the prior-year period Q2 2022 Profitability Metrics (GAAP vs. Non-GAAP) | Metric | Q2 2022 GAAP (RMB million) | Q2 2022 Non-GAAP (RMB million) | Q2 2021 GAAP (RMB million) | | :--- | :--- | :--- | :--- | | Loss from Operations | (122.9) | (38.9) | (26.2) | | Net Loss | (128.5) | (44.6) | (14.0) | | Net Loss Attributable to Ordinary Shareholders | (126.5) | (42.6) | (13.1) | [Financial Position and Liquidity](index=3&type=section&id=Financial%20Position%20and%20Liquidity) As of June 30, 2022, Tuniu held **RMB 1.0 billion** in cash, cash equivalents, restricted cash, and short-term investments, which management believes is sufficient to meet working capital and capital expenditure needs for the next twelve months, despite a decrease in total assets to **RMB 2.12 billion** mainly due to goodwill impairment - As of June 30, 2022, the company had cash and cash equivalents, restricted cash and short-term investments of **RMB 1.0 billion** (US$151.9 million)[13](index=13&type=chunk) - Management believes available cash and investments are sufficient to meet working capital requirements for the next twelve months[13](index=13&type=chunk) Key Balance Sheet Items (RMB thousands) | Account | June 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | Total current assets | 1,421,205 | 1,475,442 | | Goodwill | 117,470 | 232,007 | | Total assets | 2,117,657 | 2,297,809 | | Total current liabilities | 974,541 | 979,013 | | Total liabilities | 1,024,761 | 1,044,668 | | Total equity | 1,065,696 | 1,225,941 | [Business Outlook](index=3&type=section&id=Business%20Outlook) For the third quarter of 2022, Tuniu anticipates net revenues to be between **RMB 74.5 million** and **RMB 80.2 million**, representing a year-over-year decrease of **30%** to **35%**, indicating continued pressure on the business - The company expects to generate **RMB 74.5 million** to **RMB 80.2 million** of net revenues for Q3 2022[14](index=14&type=chunk) - This forecast represents a **30%** to **35%** decrease year-over-year[14](index=14&type=chunk) [Non-GAAP Financial Measures](index=5&type=section&id=Non-GAAP%20Financial%20Measures) The company provides non-GAAP financial measures to supplement its GAAP results, excluding items such as share-based compensation, amortization of acquired intangible assets, gain on disposals of subsidiaries, and impairment of goodwill, which management believes are useful for assessing underlying business performance and trends - Non-GAAP measures exclude items such as share-based compensation, amortization of acquired intangible assets, gain on disposals of subsidiaries, and impairment of goodwill[19](index=19&type=chunk) Reconciliation of GAAP Net Loss to Non-GAAP Net Loss (Q2 2022, RMB thousands) | Description | Amount | | :--- | :--- | | **GAAP Net Loss** | **(128,538)** | | Share-based Compensation | 2,677 | | Amortization of acquired intangible assets | 1,939 | | Gain on disposals of subsidiaries | (32,786) | | Impairment of goodwill | 112,102 | | **Non-GAAP Net Loss** | **(44,606)** |

Tuniu Corporation (NASDAQ:TOUR) Q1 2022 Earnings Conference Call June 9, 2022 8:00 AM ET Company Participants Mary Chen - IR Director Donald Dunde Yu - Founder, Chairman and CEO Anqiang Chen - Financial Controller Conference Call Participants Operator Hello. And thank you for standing by for Tuniu's 2022 First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference is bein ...

Tuniu Corporation (NASDAQ:TOUR) Q4 2021 Results Earnings Conference Call March 17, 2022 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 Grace Lu - Private Investor Operator Hello. And thank you for standing by for Tuniu's 2021 Fourth Quarter and Full-Year Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's ...