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Tuniu's third-quarter revenue fell 7.2% year-on-year to 115 million yuan

via:新浪科技     time:2021/11/19 20:02:45     readed:58

途牛第三季度营收1.15亿元 同比下滑7.2%
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Nasda:TOUR (Nasda:TOUR) today announced its financial results for the third quarter of 2021 ended September 30. The company reported net revenue of RMB114.6 million (US $17.8 million), down 7.2% year on year. The net loss was rmb36.6m ($5.7m), compared with a net loss of Rmb62.1m a year earlier. The net loss was 30.9 million yuan (about 4.8 million US dollars), not according to US GAAP.

  Third quarter results:

Net revenue was 114.6 million yuan ($17.8 million), down 7.2 percent year on year.

Revenue from packaged tourism products was 90.7 million yuan ($14.1 million), up 5.0 percent year-on-year. Other income was 23.9 million yuan ($3.7 million), down 35.6% year on year.

The cost of revenue was 92 million yuan (US $14.2 million), up 249.8% from the same period in 2020.

The cost of revenue was 74.9 million yuan (US $11.6 million), up 28.1% from the same period in 2020.

Gross profit was 39.7 million YUAN (us $6.2 million), down 38.9% from the same period in 2020.

Operating expenses were 96.4 million yuan (us $15 million), down 24.6% from the same period in 2020. Non-gaap, operating expenses were rmb90.9 million (US $14.1 million), down 23.1% from the same period in 2020.

R&d spending was 15.6 million yuan ($2.4 million), down 2.7 percent year on year. Non-gaap, r&d expenditure was 14.6 million YUAN (us $2.3 million), down 2.2% year-on-year.

Sales and marketing expenses were RMB41.7 million (US $6.5 million), down 16.4% year on year. Non-gaap sales and marketing expenses were RMB40.3 million (US $6.3 million), down 7.7% year on year.

General and administrative expenses were RMB41.2 million (US $6.4 million), down 40.9% year on year. Non-gaap, general and administrative expenses were 38.1 million yuan ($5.9 million), down 43.5% year on year.

An operating loss of 56.6 million yuan ($8.8 million) compared with an operating loss of 62.8 million yuan a year earlier. It suffered an operating loss of 50.9 million yuan (about 7.9 million US dollars), not according to US GAAP.

The net loss was rmb36.6m ($5.7m), compared with a net loss of Rmb62.1m a year earlier. The net loss was 30.9 million yuan (about 4.8 million US dollars), not according to US GAAP.

The net loss attributable to common shareholders was RMB35.1 million (US $5.4 million), compared with a net loss of RMB56.9 million a year earlier. Net loss attributable to common shareholders of RMB 29.4 million (approximately US $4.6 million), excluding GAAP.

As of September 30, 2021, Tuniu held cash and cash equivalents, restricted use cash and short-term investments totaling 1 billion Yuan (approximately US $157.9 million).

  Performance Outlook:

Tuniu expects net revenue for the fourth quarter of 2021 to reach 53.4 million yuan to 65.3 million yuan, down 45% to 55% year on year.

  Conference call:

Tuniu's management team will hold an earnings call at 8:00 am EASTERN Time (8:00 PM Beijing/Hong Kong time) on November 19, which will be broadcast live and recorded on the investor relations channel of tuniu's website http://ir.tuniu.com/.

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