NANJING, China, Nov. 30,
2016 /PRNewswire/ --
- Net Revenues in Q3 2016 Increased by 35.7%
Year-Over-Year
- Total Travel GMV in Q3 2016 Increased by 56.0%
Year-Over-Year
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, 2016.
Highlights for the Third Quarter of 2016
- Total travel gross merchandise value ("GMV")[1],
which includes gross booking from packaged tour products and the
GMV of travel-related products, increased by 56.0% to RMB7.1 billion (US$1.1
billion[2]) year-over-year in the third quarter
of 2016.
- Packaged tour gross bookings[3], which include
organized tours and self-guided tours, increased by 34.8% to
RMB5.3 billion (US$798.8 million) year-over-year in the third
quarter of 2016.
- Net revenues in the third quarter of 2016 increased by
35.7% year-over-year to RMB4.0
billion (US$607.0
million).
- Total number of trips from organized tours (excluding local
tours) increased by 67.5% year-over-year and the total number of
trips from self-guided tours increased by 46.0% year-over-year in
the third quarter of
2016.
[1] Total travel
GMV consists of the gross booking from organized tour and
self-guided tour products, and GMV of travel-related products such
as air tickets, hotels and attraction tickets.
|
|
[2]
The conversion of Renminbi ("RMB") into United States
dollars ("US$") is based on the exchange rate of US$1.00=RMB6.6685
on September 30, 2016 as set forth in H.10 statistical release of
the U.S. Federal Reserve Board and available at
http://www.federalreserve.gov/releases/h10/hist/dat00_ch.htm.
|
|
[3]
Packaged tour gross bookings refer to the total amount
paid by our customers for the travel products that we have
delivered and the travel services that we have rendered, including
the related taxes, fees and other charges borne by our
customers.
|
Mr. Donald Yu, Tuniu's
co-founder, Chairman and Chief Executive Officer, said, "We had a
solid third quarter performance with total travel GMV and net
revenue growing 56.0 percent and 35.7 percent year-over-year,
respectively. Through our other travel-related service offerings,
we have been able to make notable improvements to our conversion
rate and user stickiness as repeat customer contribution reached
45.7 percent of our total travel GMV during the quarter."
Mr. Alex Yan, Tuniu's co-founder,
President and Chief Operating Officer, said, "The Tuniu brand has
developed into a highly reputable icon in China over the years. We believe we can
utilize our brand assets to efficiently expand both horizontally
and vertically in the travel industry. During the third quarter,
GMV of transportation ticketing and accommodation reservation both
grew rapidly. We continue to make significant strides in expanding
our coverage of leisure travel resources, particularly in terms of
flight routes and hotels. Since Tuniu's coverage of leisure travel
resources is one of the most comprehensive in China, we expect this to evolve into a core
competitive advantage and differentiate Tuniu from its industry
peers."
Mr. Conor
Yang, Tuniu's Chief Financial Officer, said, "In the third
quarter, we started to rescale our marketing expenses to focus on
channels with higher ROI. As a result, our sales and marketing
expenses declined in the third quarter on a quarter-over-quarter
basis. We will prioritize the improvement of our internal
operational efficiency and leverage our existing brand assets to
expand both our packaged tour business and our other travel-related
services. Combined with our increasing gross margin, we expect to
improve our profitability in the near future."
Third Quarter 2016 Results
Net revenues were RMB4.0
billion (US$607.0 million) in
the third quarter of 2016, representing a year-over-year increase
of 35.7% from the corresponding period in 2015. The number of trips
sold increased by 46.5% to 2,444,638 in the third quarter of 2016
from 1,668,325 in the third quarter of 2015.
- Revenues from organized tours, substantially all of
which are recognized on a gross basis, were RMB3.9 billion (US$577.4
million) in the third quarter of 2016, representing a
year-over-year increase of 33.4% from the corresponding period in
2015. The increase was primarily due to the growth in demand for
travel to certain international destinations, such as Japan, South
Korea, Middle East,
Africa, and North America. In the third quarter of 2016,
the number of trips of organized tours (excluding local tours)
increased by 67.5% to 1,064,316 from 635,555 in the third quarter
of 2015, and the number of trips of local tours increased by 26.8%
to 840,450 from 663,051 in the third quarter of 2015.
- Revenues from self-guided tours, which are recognized on
a net basis, were RMB67.4 million
(US$10.1 million) in the third
quarter of 2016, representing a year-over-year increase of 0.6%
from the corresponding period in 2015. The increase in revenues was
primarily due to the growth in travel to Japan, South
Korea, North America,
Southeast Asia and domestic
destinations. The number of trips of self-guided tours increased by
46.0% year-over-year to 539,872 in the third quarter of 2016 from
369,719 in the third quarter of 2015.
- Other revenues, were RMB130.0
million (US$19.5 million) in
the third quarter of 2016, representing a year-over-year increase
of 191.6% from the corresponding period in 2015. The increase was
primarily due to a rise in service fees received from insurance
companies, revenue generated from financial services and commission
fees received from other travel-related products, such as
transportation ticketing and accommodation reservation.
Cost of revenues was RMB3.8
billion (US$571.7 million) in
the third quarter of 2016, representing a year-over-year increase
of 35.4% from the corresponding period in 2015. As a percentage of
net revenues, cost of revenues was 94.2% in the third quarter of
2016 compared to 94.4% in the corresponding period in 2015.
Gross margin was 5.8% in the third quarter of 2016
compared to 5.6% in the corresponding period in 2015. The increase
in gross margin was primarily due to the increased contribution
from other revenue as a result of category expansion and the
optimization of our supply chain management.
Operating expenses were RMB832.3
million (US$124.8 million) in
the third quarter of 2016, representing a year-over-year increase
of 58.0% from the corresponding period in 2015. Share-based
compensation expenses and amortization of acquired intangible
assets, which were allocated to operating expenses, were
RMB56.5 million (US$8.5 million) in the third quarter of 2016.
Non-GAAP[4] operating expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, were RMB775.8
million (US$116.3 million) in
the third quarter of 2016, representing a year-over-year increase
of 58.3%.
- Research and product development expenses were
RMB168.0 million (US$25.2 million) in the third quarter of 2016,
representing a year-over-year increase of 92.8%. Non-GAAP
research and product development expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets of RMB1.8 million
(US$0.3 million), were RMB166.2 million (US$24.9
million) in the third quarter of 2016, representing an
increase of 93.3% from the corresponding period in 2015. The
increase was primarily due to investments for the implementation of
additional product categories such as transportation ticketing,
hotel booking and financial services, improvement of online
technology, and the rise in technology and product development
personnel related expenses.
- Sales and marketing expenses were RMB499.9 million (US$75.0
million) in the third quarter of 2016, representing a
year-over-year increase of 47.9% and a quarter-over-quarter
decrease of 19.8%. Non-GAAP sales and marketing expenses,
which excluded share-based compensation expenses and amortization
of acquired intangible assets of RMB34.4
million (US$5.2 million), were
RMB465.5 million (US$69.8 million) in the third quarter of 2016,
representing a year-over-year increase of 45.4% from the
corresponding period in 2015 and a quarter-over-quarter decrease of
21.0% from the second quarter of 2016. The year-over-year increase
was primarily due to advertisements for our mobile channels,
expansion of our VIP customer service team, and amortization of
acquired intangible assets from the previously announced
transaction with JD.com. The quarter-over-quarter decrease was
primarily due to the decline in brand promotions such as
advertisements on television and offline advertisement
campaigns.
- General and administrative expenses were RMB168.0 million (US$25.2
million) in the third quarter of 2016, representing a
year-over-year increase of 61.7%. Non-GAAP general and
administrative expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets of RMB20.3 million
(US$3.0 million), were RMB147.7 million (US$22.2
million) for the third quarter of 2016, representing a
year-over-year increase of 71.1% from the corresponding period in
2015. The increase was primarily due to an increase in the
headcount of our administrative personnel as a result of our
business expansion, such as regional service center expansion and
product category expansion.
[4] 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 attached "Reconciliations of GAAP and
non-GAAP Results" at the end of this press release reconciles
non-GAAP financial information with the Company's financial results
under GAAP.
|
Loss from operations was RMB596.8
million (US$89.5 million) in
the third quarter of 2016, compared to a loss from operations of
RMB358.7 million in the third quarter
of 2015. Non-GAAP loss from operations, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, was RMB540.1
million (US$81.0 million) in
the third quarter of 2016.
Net loss was RMB571.7
million (US$85.7 million) in
the third quarter of 2016, compared to a net loss of RMB433.7 million in the third quarter of 2015.
Non-GAAP net loss, which excluded share-based compensation
expenses and amortization of acquired intangible assets, was
RMB515.0 million (US$77.2 million) in the third quarter of
2016.
Net loss attributable to ordinary shareholders was
RMB568.5 million (US$85.2 million) in the third quarter of 2016,
compared to a net loss attributable to ordinary shareholders of
RMB433.3 million in the third quarter
of 2015. Non-GAAP net loss attributable to ordinary
shareholders, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB511.8 million (US$76.7
million) in the third quarter of 2016.
As of September 30, 2016, the
Company had cash and cash equivalents, restricted cash and
short-term investments of RMB5.5
billion (US$826.2
million).
Business Outlook
For the fourth quarter of 2016, Tuniu
expects to generate RMB2,084.7 million to
RMB2,179.5 million of net revenues, which represents 10% to
15% growth year-over-year, and RMB147.4
million to RMB155.3 million of gross profit, which
represents 85% to 95% growth year-over-year. This forecast reflects
Tuniu's current and preliminary view on the industry and its
operations, which is subject to change.
Conference Call Information
Tuniu's management will hold an earnings conference call at
8:00 am U.S. Eastern Time, on
November 30, 2016, (9:00 pm, Beijing/Hong Kong Time, on November 30, 2016) to discuss the third quarter
2016 financial results.
To participate in the conference call, please dial the following
numbers:
US:
+1-888-346-8982
|
Hong
Kong: 800-905945
|
China:
4001-201203
|
International:
+1-412-902-4272
|
Conference ID: Tuniu Corporation 3Q 2016 Earnings Call
A telephone replay will be available one hour after the end of
the conference through December 7,
2016. The dial-in details are as follows:
US:
+1-877-344-7529
|
International:
+1-412-317-0088
|
Replay Access Code: 10097134
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 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 has over
1,700,000 stock keeping units (SKUs) of packaged tours, covering
over 140 countries worldwide and all the popular tourist
attractions in China. Tuniu
provides one-stop leisure travel solutions and a compelling
customer experience through its online platform and offline service
network. 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;
the Company'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; relevant
government policies and regulations relating to the Company's
structure, business and industry; 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 cost of revenues, research and
product development expenses, sales and marketing expenses, general
and administrative expenses, operating expenses, loss from
operations, net loss, net loss attributable to ordinary
shareholders, net loss per ordinary share attributable to ordinary
shareholders-basic and diluted and net loss per ADS, which excludes
share-based compensation expenses and amortization of acquired
intangible assets. 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. 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.
A limitation of using non-GAAP financial measures excluding
share-based compensation expenses and amortization of acquired
intangible assets is that share-based compensation expenses and
amortization of acquired intangible assets have been - and
will continue to be - significant recurring expenses in the
Company's business. You should not view non-GAAP results on a
stand-alone basis or as a substitute for results under GAAP, or as
being comparable to results reported or forecasted by other
companies.
For investor and media inquiries, please contact:
China
Maria Xin
Investor Relations and Strategic Investment General Manager
Tuniu Corporation
Phone: +86-25-8685-3178
E-mail: ir@tuniu.com
(Financial Tables Follow)
Tuniu
Corporation
|
Unaudited
Condensed Consolidated Balance Sheets
|
(All amounts in
thousands, except per share information)
|
|
|
|
December 31,
2015
|
|
September
30, 2016
|
|
September
30, 2016
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
|
Cash and
cash equivalents
|
|
2,101,217
|
|
1,447,744
|
|
217,102
|
Restricted cash
|
|
338,997
|
|
122,132
|
|
18,315
|
Short-term investments
|
|
1,226,415
|
|
3,939,524
|
|
590,766
|
Accounts
receivable, net
|
|
113,252
|
|
300,357
|
|
45,041
|
Amounts
due from related parties
|
|
60,004
|
|
361,409
|
|
54,196
|
Prepayments and other current assets
|
|
1,285,607
|
|
1,460,756
|
|
219,053
|
Yield
enhancement products and accrued
interest
|
|
413,861
|
|
508,857
|
|
76,308
|
Total current
assets
|
|
5,539,353
|
|
8,140,779
|
|
1,220,781
|
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
|
Property
and equipment, net
|
|
145,190
|
|
197,093
|
|
29,556
|
Intangible assets
|
|
715,548
|
|
622,383
|
|
93,331
|
Goodwill
|
|
136,569
|
|
147,639
|
|
22,139
|
Yield
enhancement products over one year and
accrued interest
|
|
300,267
|
|
835,979
|
|
125,362
|
Other
non-current assets
|
|
349,214
|
|
64,250
|
|
9,635
|
Long-term amounts due from related parties
|
|
-
|
|
152,769
|
|
22,909
|
Total non-current
assets
|
|
1,646,788
|
|
2,020,113
|
|
302,932
|
Total
assets
|
|
7,186,141
|
|
10,160,892
|
|
1,523,713
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
Accounts
payable
|
|
767,307
|
|
1,290,681
|
|
193,549
|
Amounts
due to related parties
|
|
28,762
|
|
90,949
|
|
13,639
|
Salary
and welfare payable
|
|
147,389
|
|
187,634
|
|
28,137
|
Taxes
payable
|
|
8,429
|
|
15,979
|
|
2,396
|
Advances
from customers
|
|
1,223,313
|
|
1,690,505
|
|
253,506
|
Accrued
expenses and other current liabilities
|
|
1,026,282
|
|
569,024
|
|
85,330
|
Amounts
due to the individual investors of yield
enhancement products
|
|
589,151
|
|
1,267,771
|
|
190,113
|
Total current
liabilities
|
|
3,790,633
|
|
5,112,543
|
|
766,670
|
|
|
|
|
|
|
|
Non-current
liabilities
|
|
57,785
|
|
66,286
|
|
9,940
|
Total
liabilities
|
|
3,848,418
|
|
5,178,829
|
|
776,610
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
|
|
|
|
|
Ordinary
shares
|
|
181
|
|
242
|
|
36
|
Less:
Treasury stock
|
|
-
|
|
(617)
|
|
(93)
|
Additional paid-in capital
|
|
5,482,637
|
|
8,826,990
|
|
1,323,684
|
Accumulated other comprehensive income
|
|
167,025
|
|
259,402
|
|
38,900
|
Accumulated deficit
|
|
(2,328,423)
|
|
(4,201,224)
|
|
(630,010)
|
Total Tuniu's
shareholders' equity
|
|
3,321,420
|
|
4,884,793
|
|
732,517
|
Noncontrolling
interests
|
|
16,303
|
|
97,270
|
|
14,586
|
Total
Shareholders' equity
|
|
3,337,723
|
|
4,982,063
|
|
747,103
|
Total liabilities
and shareholders' equity
|
|
7,186,141
|
|
10,160,892
|
|
1,523,713
|
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, 2015
|
|
June 30,
2016
|
|
September
30, 2016
|
|
September
30, 2016
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
Organized tours
|
2,886,591
|
|
2,213,324
|
|
3,850,230
|
|
577,376
|
Self-guided tours
|
66,974
|
|
67,063
|
|
67,398
|
|
10,107
|
Others
|
44,592
|
|
85,657
|
|
130,045
|
|
19,501
|
Total
revenues
|
2,998,157
|
|
2,366,044
|
|
4,047,673
|
|
606,984
|
Less: Business and
related taxes
|
(14,563)
|
|
(3,755)
|
|
-
|
|
-
|
Net
revenues
|
2,983,594
|
|
2,362,289
|
|
4,047,673
|
|
606,984
|
Cost of
revenues
|
(2,815,402)
|
|
(2,241,641)
|
|
(3,812,124)
|
|
(571,661)
|
Gross
profit
|
168,192
|
|
120,648
|
|
235,549
|
|
35,323
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Research and product
development
|
(87,150)
|
|
(141,259)
|
|
(168,033)
|
|
(25,198)
|
Sales and
marketing
|
(337,994)
|
|
(623,296)
|
|
(499,896)
|
|
(74,964)
|
General and
administrative
|
(103,899)
|
|
(141,463)
|
|
(167,997)
|
|
(25,193)
|
Other operating
income
|
2,162
|
|
5,451
|
|
3,618
|
|
543
|
Total operating
expenses
|
(526,881)
|
|
(900,567)
|
|
(832,308)
|
|
(124,812)
|
Loss from
operations
|
(358,689)
|
|
(779,919)
|
|
(596,759)
|
|
(89,489)
|
Other
income/(expenses)
|
|
|
|
|
|
|
|
Interest
income
|
28,580
|
|
20,942
|
|
26,675
|
|
4,000
|
Foreign
exchange related gains/(losses), net
|
(103,546)
|
|
(8,285)
|
|
414
|
|
62
|
Other
(loss)/ income, net
|
(684)
|
|
193
|
|
(430)
|
|
(64)
|
Loss before income
tax expense
|
(434,339)
|
|
(767,069)
|
|
(570,100)
|
|
(85,491)
|
Income taxes
(expense) /benefit
|
616
|
|
145
|
|
(1,612)
|
|
(242)
|
Net
loss
|
(433,723)
|
|
(766,924)
|
|
(571,712)
|
|
(85,733)
|
Less:Net loss
attributable to noncontrolling interests
|
(418)
|
|
(2,116)
|
|
(3,234)
|
|
(485)
|
Net loss
attributable to ordinary shareholders
|
(433,305)
|
|
(764,808)
|
|
(568,478)
|
|
(85,248)
|
|
|
|
|
|
|
|
|
Net
loss
|
(433,723)
|
|
(766,924)
|
|
(571,712)
|
|
(85,733)
|
Other comprehensive
loss:
|
|
|
|
|
|
|
|
Foreign
currency translation adjustment, net of nil tax
|
150,250
|
|
119,928
|
|
29,500
|
|
4,424
|
Comprehensive
loss
|
(283,473)
|
|
(646,996)
|
|
(542,212)
|
|
(81,309)
|
|
|
|
|
|
|
|
|
Loss per
share
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(1.51)
|
|
(2.02)
|
|
(1.50)
|
|
(0.22)
|
Net loss per ADS -
basic and diluted*
|
(4.54)
|
|
(6.06)
|
|
(4.50)
|
|
(0.67)
|
Weighted average
number of ordinary shares used in
computing basic and diluted loss per share
|
286,115,390
|
|
378,120,850
|
|
378,412,340
|
|
378,412,340
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are as follows:
|
|
|
|
|
|
|
Cost of
revenues
|
213
|
|
182
|
|
195
|
|
29
|
Research and product
development
|
838
|
|
1,289
|
|
1,387
|
|
208
|
Sales and
marketing
|
305
|
|
328
|
|
320
|
|
48
|
General and
administrative
|
16,634
|
|
21,532
|
|
19,607
|
|
2,940
|
Total
|
17,990
|
|
23,331
|
|
21,509
|
|
3,225
|
|
|
|
|
|
|
|
|
*Each ADS represents
three of the Company's ordinary shares.
|
|
|
|
|
|
|
Reconciliations of GAAP and Non-GAAP
Results
|
(In thousands,
except per share information)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended
September 30, 2016
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(3,812,124)
|
|
195
|
|
-
|
|
(3,811,929)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(168,033)
|
|
1,387
|
|
399
|
|
(166,247)
|
Sales and
marketing
|
(499,896)
|
|
320
|
|
34,113
|
|
(465,463)
|
General and
administrative
|
(167,997)
|
|
19,607
|
|
656
|
|
(147,734)
|
Other operating
income
|
3,618
|
|
-
|
|
-
|
|
3,618
|
Total operating
expenses
|
(832,308)
|
|
21,314
|
|
35,168
|
|
(775,826)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(596,759)
|
|
21,509
|
|
35,168
|
|
(540,082)
|
|
|
|
|
|
|
|
|
Net loss
|
(571,712)
|
|
21,509
|
|
35,168
|
|
(515,035)
|
|
|
|
|
|
|
|
|
Net loss attributable
to Tuniu's shareholders
|
(568,478)
|
|
21,509
|
|
35,168
|
|
(511,801)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted
|
(1.50)
|
|
|
|
|
|
(1.35)
|
Net loss per ADS -
basic and diluted
|
(4.50)
|
|
|
|
|
|
(4.05)
|
|
|
|
|
|
|
|
|
|
Quarter Ended June
30, 2016
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(2,241,641)
|
|
182
|
|
-
|
|
(2,241,459)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(141,259)
|
|
1,289
|
|
399
|
|
(139,571)
|
Sales and
marketing
|
(623,296)
|
|
328
|
|
34,110
|
|
(588,858)
|
General and
administrative
|
(141,463)
|
|
21,532
|
|
621
|
|
(119,310)
|
Other operating
income
|
5,451
|
|
-
|
|
-
|
|
5,451
|
Total operating
expenses
|
(900,567)
|
|
23,149
|
|
35,130
|
|
(842,288)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(779,919)
|
|
23,331
|
|
35,130
|
|
(721,458)
|
|
|
|
|
|
|
|
|
Net loss
|
(766,924)
|
|
23,331
|
|
35,130
|
|
(708,463)
|
|
|
|
|
|
|
|
|
Net loss attributable
to Tuniu's shareholders
|
(764,808)
|
|
23,331
|
|
35,130
|
|
(706,347)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted
|
(2.02)
|
|
|
|
|
|
(1.87)
|
Net loss per ADS -
basic and diluted
|
(6.06)
|
|
|
|
|
|
(5.61)
|
|
|
|
|
|
|
|
|
|
Quarter Ended
September 30, 2015
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(2,815,402)
|
|
213
|
|
-
|
|
(2,815,189)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(87,150)
|
|
838
|
|
316
|
|
(85,996)
|
Sales and
marketing
|
(337,994)
|
|
305
|
|
17,612
|
|
(320,077)
|
General and
administrative
|
(103,899)
|
|
16,634
|
|
930
|
|
(86,335)
|
Other operating
income
|
2,162
|
|
-
|
|
-
|
|
2,162
|
Total operating
expenses
|
(526,881)
|
|
17,777
|
|
18,858
|
|
(490,246)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(358,689)
|
|
17,990
|
|
18,858
|
|
(321,841)
|
|
|
|
|
|
|
|
|
Net loss
|
(433,723)
|
|
17,990
|
|
18,858
|
|
(396,875)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(433,305)
|
|
17,990
|
|
18,858
|
|
(396,457)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted
|
(1.51)
|
|
|
|
|
|
(1.39)
|
Net loss per ADS -
basic and diluted
|
(4.54)
|
|
|
|
|
|
(4.16)
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tuniu-announces-unaudited-third-quarter-2016-financial-results-300370416.html
SOURCE Tuniu