Net Revenues[1] in 2017 Increased by 53.3%
Year-Over-Year
Gross Profit in 2017 Increased by 80.9%
Year-Over-Year
NANJING, China, March 14,
2018 /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 fourth quarter and fiscal year
ended December 31, 2017.
Highlights for the Fourth Quarter of 2017
- Net revenues in the fourth quarter of 2017 were RMB469.9 million (US$72.2
million[2]), an increase of 46.1% year-over-year
when compared with Non-GAAP[3] net revenues in the
fourth quarter of 2016.
- Gross profit in the fourth quarter of 2017 was RMB235.2 million (US$36.1
million), an increase of 39.6% year-over-year when compared
with Non-GAAP gross profit in the fourth quarter of 2016.
Highlights for the Fiscal Year 2017 and Recent
Development
- Net revenues in 2017 were RMB2.2
billion (US$336.9 million), an
increase of 53.3% year-over-year when compared with Non-GAAP net
revenues in 2016.
- Gross profit in 2017 was RMB1.2
billion (US$179.5 million), an
increase of 80.9% year-over-year when compared with Non-GAAP gross
profit in 2016.
- Operating expenses were RMB2.1
billion (US$315.3 million) in
2017, a decrease of 34.6% year-over-year from 2016.
- Net loss was RMB771.3 million
(US$118.6 million) in 2017, compared
to a net loss of RMB2.4 billion in
2016.
- As of February 28, 2018, Tuniu
had 14 local tour operators in total, among which 12 are located in
China[4] and 2 are
located overseas[5].
[1] The section below entitled
"Comparison of Revenues" provides information for the comparison
between revenues, cost of revenues and gross profit for the fourth
quarter and fiscal year of 2017 and the relevant Non-GAAP adjusted
data for corresponding periods in 2016.
|
[2] The
conversion of Renminbi ("RMB") into United States dollars ("US$")
is based on the exchange rate of US$1.00=RMB6.5063 on December 29,
2017 as set forth in H.10 statistical release of the U.S. Federal
Reserve Board and available at
https://www.federalreserve.gov/releases/h10/default.htm.
|
[3] 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.
|
[4] The 12
local tour operators are located in Beijing, Xiamen, Wuyishan,
Guilin, Nanning, Changsha, Zhangjiajie, Xi'an, Luoyang, Nanjing,
Guiyang and Haikou in China.
|
[5] The 2
local tour operators are located in Japan and Thailand.
|
Comparison of Revenues
We adopted ASC 606 new revenue standard effective January 1, 2017 by applying the full
retrospective method. To increase comparability of operating
results and help investors better understand our business
performance and operating trends, we have provided the following
comparison between revenues, cost of revenues and gross profit for
the fourth quarter and fiscal year of 2017 and the relevant
Non-GAAP adjusted data for corresponding periods in 2016:
(in thousands
RMB)
|
Quarter
Ended
December
31, 2016
|
Quarter
Ended
December
31, 2017
|
% of
change
|
Year
Ended
December
31, 2016
|
Year
Ended
December
31, 2017
|
% of
change
|
Revenues
|
|
|
|
|
|
|
Packaged
tours
|
219,460
|
290,054
|
32.2%
|
1,061,299
|
1,589,353
|
49.8%
|
Others
|
102,263
|
179,832
|
75.9%
|
386,283
|
602,747
|
56.0%
|
Total
revenues
|
321,723
|
469,886
|
46.1%
|
1,447,582
|
2,192,100
|
51.4%
|
Net
revenues
|
321,723
|
469,886
|
46.1%
|
1,430,275
|
2,192,100
|
53.3%
|
Cost of
revenues
|
(153,261)
|
(234,733)
|
53.2%
|
(784,540)
|
(1,024,206)
|
30.5%
|
Gross
profit
|
168,462
|
235,153
|
39.6%
|
645,735
|
1,167,894
|
80.9%
|
Additional information regarding our Non-GAAP definition and
reconciliations of GAAP and Non-GAAP results are provided at the
end of this announcement.
Mr. Donald Dunde Yu, Tuniu's co-founder, Chairman and Chief
Executive Officer, said, "2017 has been a year filled with
achievements and milestones for Tuniu. We successfully expanded our
own local tour operators on the service side and we continued to
diversify our sales channels on the distribution side, which
included opening offline retail stores throughout China. Going into 2018, we look forward to
continuing the implementation of our core strategies of expanding
our sales network, strengthening our service network and improving
our technology network."
Ms. Maria Yi Xin, Tuniu's Chief
Financial Officer, said, "For the full year 2017, Tuniu's net
revenues increased by 53.3% year-over-year while gross profit
increased by 80.9% year-over-year. Tuniu has lowered overall user
acquisition costs through the expansion of its sales network and
improved online content. We have also improved product margins
through direct procurement and local tour operators, and continue
to offer more choices to our
customers through our destination-based products. Combining
these elements, we are able to optimize the lifetime value of
customers on Tuniu."
Fourth Quarter 2017 Results
Net revenues were RMB469.9
million (US$72.2 million) in
the fourth quarter of 2017, representing a year-over-year increase
of 46.1%, compared with Non-GAAP net revenues, from the
corresponding period in 2016.
- Revenues from packaged tours, which are mainly
recognized on a net basis, were RMB290.1
million (US$44.6 million) in
the fourth quarter of 2017, representing a year-over-year increase
of 32.2%, compared with Non-GAAP revenues from packaged tours, from
the corresponding period in 2016. The increase was primarily due to
the growth of organized tours and self-guided tours.
- Other revenues were RMB179.8
million (US$27.6 million) in
the fourth quarter of 2017, representing a year-over-year increase
of 75.9%, compared with Non-GAAP other revenues, from the
corresponding period in 2016. The increase was primarily due to a
rise in revenues generated from financial services and commission
fees received from certain travel-related products.
Cost of revenues was RMB234.7
million (US$36.1 million) in
the fourth quarter of 2017, representing a year-over-year increase
of 53.2%, compared with Non-GAAP cost of revenues, from the
corresponding period in 2016. As a percentage of net revenues, cost
of revenues was 50.0% in the fourth quarter of 2017, compared to
47.6% as a percentage of Non-GAAP net revenues in the corresponding
period in 2016.
Gross profit was RMB235.2
million (US$36.1 million) in
the fourth quarter of 2017, representing a year-over-year increase
of 39.6%, compared with Non-GAAP gross profit, from the
corresponding period in 2016. The increase in gross profit was
primarily due to improved economies of scale and optimized supply
chain management.
Operating expenses were RMB456.0
million (US$70.1 million) in
the fourth quarter of 2017, representing a year-over-year decrease
of 40.2% from the corresponding period in 2016. Share-based
compensation expenses and amortization of acquired intangible
assets, which were allocated to operating expenses, were
RMB54.0 million (US$8.3 million) in the fourth quarter of 2017.
Non-GAAP operating expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets, were RMB402.0 million
(US$61.8 million) in the fourth
quarter of 2017, representing a year-over-year decrease of
42.9%.
- Research and product development expenses were
RMB111.2 million (US$17.1 million) in the fourth quarter of 2017,
representing a year-over-year decrease of 34.7%. Non-GAAP
research and product development expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets of RMB1.7 million
(US$0.3 million), were RMB109.4 million (US$16.8
million) in the fourth quarter of 2017, representing a
year-over-year decrease of 34.9% from the corresponding period in
2016. Research and product development expenses as a percentage of
net revenues were 23.7% in the fourth quarter of 2017, decreasing
from 52.9% as a percentage of Non-GAAP net revenues in the
corresponding period in 2016. The decrease was primarily due to the
increase in efficiency resulting from economies of scale and
implementation of operation systems, and optimization of research
and product development personnel.
- Sales and marketing expenses were RMB193.7 million (US$29.8
million) in the fourth quarter of 2017, representing a
year-over-year decrease of 51.3%. Non-GAAP sales and marketing
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets of RMB34.4 million (US$5.3
million), were RMB159.3
million (US$24.5 million) in
the fourth quarter of 2017, representing a year-over-year decrease
of 56.5% from the corresponding period in 2016. Sales and marketing
expenses as a percentage of net revenues were 41.2% in the fourth
quarter of 2017, decreasing from 123.7% as a percentage of Non-GAAP
net revenues in the corresponding period in 2016. The decrease was
primarily due to the decline in brand promotions and preference for
marketing channels with higher ROI.
- General and administrative expenses were RMB154.5 million (US$23.7
million) in the fourth quarter of 2017, representing a
year-over-year decrease of 24.8%. Non-GAAP general and
administrative expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets of RMB17.9 million
(US$2.7 million), were RMB136.6 million (US$21.0
million) in the fourth
quarter of 2017, representing a year-over-year decrease of 24.5%
from the corresponding period in 2016. General and administrative
expenses as a percentage of net revenues were 32.9% in the fourth
quarter of 2017, decreasing from 63.9% as a percentage of Non-GAAP
net revenues in the corresponding period in 2016. The decrease was
primarily due to the increase in efficiency resulting from
economies of scale and optimization of administrative
personnel.
Loss from operations was RMB220.8
million (US$33.9 million) in
the fourth quarter of 2017, compared to a loss from operations of
RMB588.2 million in the fourth
quarter of 2016. Non-GAAP loss from operations, which
excluded share-based compensation expenses and amortization of
acquired intangible assets, was RMB166.7
million (US$25.6 million) in
the fourth quarter of 2017.
Net loss was RMB186.1
million (US$28.6 million) in
the fourth quarter of 2017, compared to a net loss of RMB567.9 million in the fourth quarter of 2016.
Non-GAAP net loss, which excluded share-based compensation
expenses and amortization of acquired intangible assets, was
RMB132.0 million (US$20.3 million) in the fourth quarter of
2017.
Net loss attributable to ordinary shareholders was
RMB184.9 million (US$28.4 million) in the fourth quarter of 2017,
compared to a net loss attributable to ordinary shareholders of
RMB561.1 million in the fourth
quarter of 2016. Non-GAAP net loss attributable to ordinary
shareholders, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB130.7 million (US$20.1
million) in the fourth quarter of 2017.
As of December 31, 2017, the
Company had cash and cash equivalents, restricted cash and
short-term investments of RMB3.7
billion (US$562.6million).
Fiscal Year 2017 Results
Net revenues were RMB2.2
billion (US$336.9 million) in
2017, representing a year-over-year increase of 53.3%, compared
with Non-GAAP net revenues in 2016.
- Revenues from packaged tours, which are mainly
recognized on a net basis, were RMB1.6
billion (US$244.3 million) in
2017, representing a year-over-year increase of 49.8%, compared
with Non-GAAP revenues from packaged tours in 2016. The increase
was primarily due to the growth of organized tours and self-guided
tours.
- Other revenues were RMB602.7
million (US$92.6 million) in
2017, representing a year-over-year increase of 56.0%, compared
with Non-GAAP other revenues in 2016. The increase was primarily due to a rise in revenues
generated from financial services and commission fees received from
certain travel-related products.
Cost of revenues was RMB1.0
billion (US$157.4 million) in
2017, representing a year-over-year increase of 30.5%, compared
with Non-GAAP cost of revenues in 2016. As a percentage of net
revenues, cost of revenues was 46.7% in 2017, compared to 54.9% as
a percentage of Non-GAAP net revenues in 2016.
Gross profit was RMB1.2
billion (US$179.5 million) in
2017, representing a year-over-year increase of 80.9%, compared
with Non-GAAP gross profit in 2016. The increase in gross profit
and gross margin was primarily due to improved economies of scale,
increased operational efficiency and optimized supply chain
management.
Operating expenses were RMB2.1
billion (US$315.3 million) in
2017, representing a year-over-year decrease of 34.6% from 2016.
Share-based compensation expenses and amortization of acquired
intangible assets, which were allocated to operating expenses,
were RMB239.1 million (US$36.8 million) in 2017. Non-GAAP operating
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets, were RMB1.8 billion (US$278.5
million) in 2017, representing a year-over-year decrease of
37.8%.
- Research and product development expenses were
RMB541.1 million (US$83.2 million) in 2017, representing a
year-over-year decrease of 10.0%. Non-GAAP research and product
development expenses, which excluded share-based compensation
expenses and amortization of acquired intangible assets of
RMB8.5 million (US$1.3 million), were RMB532.7 million (US$81.9
million) in 2017, representing a year-over-year decrease of
10.3% from 2016. Research and product development expenses as a
percentage of net revenues were 24.7% in 2017, decreasing from
42.0% as a percentage of Non-GAAP net revenues in 2016. The
decrease was primarily due to the increase in efficiency resulting
from economies of scale and implementation of operation systems,
and optimization of research and product development
personnel.
- Sales and marketing expenses were RMB894.1 million (US$137.4
million) in 2017, representing a year-over-year decrease of
52.9%. Non-GAAP sales and marketing expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets of RMB138.3 million
(US$21.3 million), were RMB755.8 million (US$116.2
million) in 2017, representing a year-over-year decrease of
57.3% from 2016. Sales and marketing expenses as a percentage of
net revenues were 40.8% in 2017, decreasing from 132.9% as a
percentage of Non-GAAP net revenues in 2016. The decrease was
primarily due to the decline in brand promotions and preference for
marketing channels with higher ROI.
- General and administrative expenses were RMB637.8 million (US$98.0
million) in 2017, representing a year-over-year decrease of
3.2%. Non-GAAP general and administrative expenses, which
excluded share-based compensation expenses and amortization of
acquired intangible assets of RMB92.4
million (US$14.2 million),
were RMB545.4 million (US$83.8 million) in 2017, representing a
year-over-year decrease of 4.4% from 2016. General and
administrative expenses as a percentage of net revenues were 29.1%
in 2017, decreasing from 46.1% as a percentage of Non-GAAP net
revenues in 2016. The decrease was primarily due to the increase in
efficiency resulting from economies of scale and optimization of
administrative personnel.
Loss from operations was RMB883.4
million (US$135.8 million) in
2017, compared to a loss from operations of RMB2.5 billion in 2016. Non-GAAP loss from
operations, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB643.2 million (US$98.9
million) in 2017.
Net loss was RMB771.3
million (US$118.6 million) in
2017, compared to a net loss of RMB2.4
billion in 2016. Non-GAAP net loss, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, was RMB531.1
million (US$81.6 million) in
2017.
Net loss attributable to ordinary shareholders was
RMB773.0 million (US$118.8 million) in 2017, compared to a net loss
attributable to ordinary shareholders of RMB2.4 billion in 2016. Non-GAAP net loss
attributable to ordinary shareholders, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, was RMB532.8
million (US$81.9 million) in
2017.
Business Outlook
For the first quarter of 2018, Tuniu expects to generate
RMB469.7 million to RMB488.0 million of net revenues, which
represents 3% to 7% 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
March 14, 2018, (8:00 pm, Beijing/Hong Kong Time, on March 14, 2018) to discuss the fourth quarter and
fiscal year 2017 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 4Q 2017 Earnings Call
A telephone replay will be available one hour after the end of
the conference through March 21,
2018. The dial-in details are as follows:
US:
+1-877-344-7529
|
International:
+1-412-317-0088
|
Replay Access Code: 10117726
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
2,000,000 stock keeping units (SKUs) of packaged tours, covering
over 420 departing cities throughout China and all popular destinations worldwide.
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 fourth 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 net revenue, 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
noncontrolling interests, 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
adjustment on net basis and timing of revenue recognition as in
2017, 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
Mary Chen
Investor Relations Director
Tuniu Corporation
Phone: +86-25-6960-9988
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,
2016
|
|
December 31,
2017
|
|
December 31,
2017
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
1,085,236
|
|
484,101
|
|
74,405
|
Restricted
cash
|
124,561
|
|
91,810
|
|
14,111
|
Short-term
investments
|
3,603,497
|
|
3,084,634
|
|
474,100
|
Accounts receivable,
net
|
235,673
|
|
286,627
|
|
44,054
|
Amounts due from
related parties
|
390,330
|
|
171,331
|
|
26,333
|
Prepayments and other
current assets
|
1,632,329
|
|
939,463
|
|
144,393
|
Yield enhancement
products and accrued interest
|
449,528
|
|
31,337
|
|
4,816
|
Total current
assets
|
7,521,154
|
|
5,089,303
|
|
782,212
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
Long term
investments
|
58,764
|
|
484,991
|
|
74,542
|
Property and
equipment, net
|
177,817
|
|
148,278
|
|
22,790
|
Intangible assets,
net
|
592,267
|
|
460,634
|
|
70,798
|
Goodwill
|
147,639
|
|
147,639
|
|
22,692
|
Yield enhancement
products over one year and
accrued interest
|
562,643
|
|
170,505
|
|
26,206
|
Other non-current
assets
|
46,468
|
|
156,455
|
|
24,047
|
Long-term amounts due
from related parties
|
64,902
|
|
-
|
|
-
|
Total non-current
assets
|
1,650,500
|
|
1,568,502
|
|
241,075
|
Total
assets
|
9,171,654
|
|
6,657,805
|
|
1,023,287
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts
payable
|
1,022,704
|
|
852,500
|
|
131,027
|
Amounts due to
related parties
|
32,526
|
|
86,923
|
|
13,360
|
Salary and welfare
payable
|
192,455
|
|
187,561
|
|
28,828
|
Taxes
payable
|
11,619
|
|
32,036
|
|
4,924
|
Advances from
customers
|
1,806,493
|
|
1,210,615
|
|
186,068
|
Accrued expenses and
other current liabilities
|
589,288
|
|
373,690
|
|
57,435
|
Amounts due to the
individual investors of yield
enhancement products
|
871,914
|
|
177,971
|
|
27,354
|
Total current
liabilities
|
4,526,999
|
|
2,921,296
|
|
448,996
|
|
|
|
|
|
|
Non-current
liabilities
|
54,928
|
|
42,481
|
|
6,529
|
Total
liabilities
|
4,581,927
|
|
2,963,777
|
|
455,525
|
|
|
|
|
|
|
Mezzanine
equity
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
90,072
|
|
96,719
|
|
14,865
|
|
|
|
|
|
|
Shareholders' equity
|
|
|
|
|
|
Ordinary
shares
|
242
|
|
248
|
|
38
|
Less: Treasury
stock
|
(19,708)
|
|
(185,419)
|
|
(28,498)
|
Additional paid-in
capital
|
8,855,991
|
|
9,013,793
|
|
1,385,395
|
Accumulated other
comprehensive income
|
400,925
|
|
272,386
|
|
41,865
|
Accumulated
deficit
|
(4,738,593)
|
|
(5,505,897)
|
|
(846,241)
|
Total Tuniu's
shareholders' equity
|
4,498,857
|
|
3,595,111
|
|
552,559
|
Noncontrolling
interests
|
798
|
|
2,198
|
|
338
|
Total
Shareholders' equity
|
4,499,655
|
|
3,597,309
|
|
552,897
|
Total liabilities
and shareholders' equity
|
9,171,654
|
|
6,657,805
|
|
1,023,287
|
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
|
|
December 31,
2016
|
|
September
30, 2017
|
|
December 31,
2017
|
|
December 31,
2017
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
Packaged
tours
|
1,847,888
|
|
604,047
|
|
290,054
|
|
44,580
|
Others
|
105,505
|
|
202,038
|
|
179,832
|
|
27,640
|
Net
revenues
|
1,953,393
|
|
806,085
|
|
469,886
|
|
72,220
|
Cost of
revenues
|
(1,778,914)
|
|
(365,206)
|
|
(234,733)
|
|
(36,078)
|
Gross
profit
|
174,479
|
|
440,879
|
|
235,153
|
|
36,142
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Research and product
development
|
(170,123)
|
|
(123,974)
|
|
(111,151)
|
|
(17,084)
|
Sales and
marketing
|
(398,095)
|
|
(224,808)
|
|
(193,696)
|
|
(29,771)
|
General and
administrative
|
(205,500)
|
|
(165,874)
|
|
(154,490)
|
|
(23,745)
|
Other operating
income
|
11,070
|
|
7,757
|
|
3,348
|
|
515
|
Total operating
expenses
|
(762,648)
|
|
(506,899)
|
|
(455,989)
|
|
(70,085)
|
Loss from
operations
|
(588,169)
|
|
(66,020)
|
|
(220,836)
|
|
(33,943)
|
Other
income/(expenses)
|
|
|
|
|
|
|
|
Interest
income
|
21,704
|
|
39,864
|
|
44,426
|
|
6,828
|
Foreign exchange
gains/(losses), net
|
(1,702)
|
|
1,908
|
|
(2,009)
|
|
(309)
|
Other loss,
net
|
(2,310)
|
|
(174)
|
|
(147)
|
|
(23)
|
Loss before income
tax expense
|
(570,477)
|
|
(24,422)
|
|
(178,566)
|
|
(27,447)
|
Income taxes benefit
/(expense)
|
2,610
|
|
(2,583)
|
|
(7,569)
|
|
(1,163)
|
Net
loss
|
(567,867)
|
|
(27,005)
|
|
(186,135)
|
|
(28,610)
|
Net income/(loss)
attributable to noncontrolling
interests
|
(6,838)
|
|
609
|
|
(2,939)
|
|
(452)
|
Net income/(loss)
attributable to redeemable
noncontrolling interests
|
(34)
|
|
514
|
|
(93)
|
|
(14)
|
Net loss
attributable to Tuniu Corporation
|
(560,995)
|
|
(28,128)
|
|
(183,103)
|
|
(28,144)
|
Accretion on
redeemable noncontrolling interest
|
(106)
|
|
(1,177)
|
|
(1,757)
|
|
(270)
|
Net loss
attributable to ordinary shareholders
|
(561,101)
|
|
(29,305)
|
|
(184,860)
|
|
(28,414)
|
|
|
|
|
|
|
|
|
Net
loss
|
(567,867)
|
|
(27,005)
|
|
(186,135)
|
|
(28,610)
|
Other comprehensive
income/(loss):
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment,
net of nil tax
|
141,523
|
|
(36,143)
|
|
(24,770)
|
|
(3,807)
|
Comprehensive
loss
|
(426,344)
|
|
(63,148)
|
|
(210,905)
|
|
(32,417)
|
|
|
|
|
|
|
|
|
Loss per
share
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted
|
(1.48)
|
|
(0.08)
|
|
(0.48)
|
|
(0.07)
|
Net loss per ADS -
basic and diluted*
|
(4.44)
|
|
(0.24)
|
|
(1.44)
|
|
(0.21)
|
Weighted average
number of ordinary shares
used in computing basic and diluted loss per
share
|
378,785,214
|
|
372,335,675
|
|
387,993,534
|
|
387,993,534
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are as follows:
|
|
|
|
|
|
|
|
Cost of
revenues
|
276
|
|
228
|
|
230
|
|
35
|
Research and product
development
|
1,709
|
|
2,005
|
|
1,324
|
|
203
|
Sales and
marketing
|
419
|
|
545
|
|
201
|
|
31
|
General and
administrative
|
23,657
|
|
28,451
|
|
17,089
|
|
2,627
|
Total
|
26,061
|
|
31,229
|
|
18,844
|
|
2,896
|
|
|
|
|
|
|
|
|
*Each ADS represents
three of the Company's ordinary shares.
|
|
|
|
|
|
|
Tuniu
Corporation
|
|
Unaudited
Condensed Consolidated Statements of Comprehensive
Loss
|
|
(All amounts in
thousands, except per share information)
|
|
|
Year Ended
|
|
Year Ended
|
|
Year Ended
|
|
|
December 31,
2016
|
|
December 31,
2017
|
|
December 31,
2017
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
Packaged
tours
|
10,147,148
|
|
1,589,353
|
|
244,279
|
|
Others
|
401,100
|
|
602,747
|
|
92,641
|
|
Total
revenues
|
10,548,248
|
|
2,192,100
|
|
336,920
|
|
Less: Business and
related taxes
|
(17,307)
|
|
-
|
|
-
|
|
Net
revenues
|
10,530,941
|
|
2,192,100
|
|
336,920
|
|
Cost of
revenues
|
(9,891,736)
|
|
(1,024,206)
|
|
(157,418)
|
|
Gross
profit
|
639,205
|
|
1,167,894
|
|
179,502
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
Research and product
development
|
(601,402)
|
|
(541,126)
|
|
(83,170)
|
|
Sales and
marketing
|
(1,900,397)
|
|
(894,148)
|
|
(137,428)
|
|
General and
administrative
|
(658,790)
|
|
(637,795)
|
|
(98,027)
|
|
Other operating
income
|
22,323
|
|
21,749
|
|
3,343
|
|
Total operating
expenses
|
(3,138,266)
|
|
(2,051,320)
|
|
(315,282)
|
|
Loss from
operations
|
(2,499,061)
|
|
(883,426)
|
|
(135,780)
|
|
Other
income/(expenses)
|
|
|
|
|
|
|
Interest
income
|
87,305
|
|
130,250
|
|
20,019
|
|
Foreign exchange
losses, net
|
(9,734)
|
|
(2,394)
|
|
(368)
|
|
Other loss,
net
|
(2,553)
|
|
(121)
|
|
(19)
|
|
Loss before income
tax expense
|
(2,424,043)
|
|
(755,691)
|
|
(116,148)
|
|
Income taxes benefit
/(expense)
|
1,711
|
|
(15,625)
|
|
(2,402)
|
|
Net
loss
|
(2,422,332)
|
|
(771,316)
|
|
(118,550)
|
|
Net loss attributable
to noncontrolling interests
|
(15,104)
|
|
(4,934)
|
|
(758)
|
|
Net income/(loss)
attributable to redeemable
noncontrolling interests
|
(34)
|
|
922
|
|
142
|
|
Net loss
attributable to Tuniu Corporation
|
(2,407,194)
|
|
(767,304)
|
|
(117,934)
|
|
Accretion on
redeemable noncontrolling interest
|
(106)
|
|
(5,725)
|
|
(880)
|
|
Net loss
attributable to ordinary shareholders
|
(2,407,300)
|
|
(773,029)
|
|
(118,814)
|
|
|
|
|
|
|
|
|
Net
loss
|
(2,422,332)
|
|
(771,316)
|
|
(118,550)
|
|
Other comprehensive
income/(loss):
|
|
|
|
|
|
|
Foreign currency
translation adjustment, net of nil tax
|
233,900
|
|
(128,539)
|
|
(19,756)
|
|
Comprehensive
loss
|
(2,188,432)
|
|
(899,855)
|
|
(138,306)
|
|
|
|
|
|
|
|
|
Loss per
share
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(6.45)
|
|
(2.04)
|
|
(0.31)
|
|
Net loss per ADS -
basic and diluted*
|
(19.35)
|
|
(6.12)
|
|
(0.93)
|
|
Weighted average
number of ordinary shares used in
computing basic and diluted loss per share
|
373,347,855
|
|
378,230,039
|
|
378,230,039
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are
as follows:
|
|
|
|
|
|
|
Cost of
revenues
|
891
|
|
1,075
|
|
165
|
|
Research and product
development
|
5,702
|
|
6,864
|
|
1,055
|
|
Sales and
marketing
|
1,390
|
|
1,650
|
|
254
|
|
General and
administrative
|
84,436
|
|
89,086
|
|
13,692
|
|
Total
|
92,419
|
|
98,675
|
|
15,166
|
|
|
|
|
|
|
|
|
*Each ADS represents
three of the Company's ordinary shares.
|
|
|
|
|
|
Tuniu
Corporation
|
Comparison with
Non-GAAP data of corresponding periods
|
(All amounts in
thousands, except per share information)
|
|
|
|
|
|
|
|
|
To increase
comparability of operating results and help investors better
understand our business performance and operating
trends, we have provided the following comparison of certain
financial information for the fourth quarter and the fiscal year of
2017
with relevant Non-GAAP adjusted data for corresponding periods in
2016.
|
|
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
December
31,
2016
|
|
September
30,
2017
|
|
December
31,
2017
|
|
December
31,
2017
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Net
revenues
|
321,723
|
|
806,085
|
|
469,886
|
|
72,220
|
|
|
|
|
|
|
|
|
Gross
profit
|
168,462
|
|
440,879
|
|
235,153
|
|
36,142
|
|
|
|
|
|
|
|
|
Operating
expenses
|
(704,048)
|
|
(506,899)
|
|
(455,989)
|
|
(70,085)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(535,586)
|
|
(66,020)
|
|
(220,836)
|
|
(33,943)
|
|
|
|
|
|
|
|
|
Net loss
|
(515,284)
|
|
(27,005)
|
|
(186,135)
|
|
(28,610)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(507,927)
|
|
(29,305)
|
|
(184,860)
|
|
(28,414)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(1.34)
|
|
(0.08)
|
|
(0.48)
|
|
(0.07)
|
Tuniu
Corporation
|
|
|
|
|
Comparison with
Non-GAAP data of corresponding periods
|
|
|
|
|
(All amounts in
thousands, except per share information)
|
|
|
|
|
|
|
|
|
|
|
|
|
To increase
comparability of operating results and help investors better
understand our business
performance and operating trends, we have provided the following
comparison of certain GAAP financial
information for the fiscal year of 2017 with relevant Non-GAAP
adjusted data for corresponding periods in 2016.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
|
|
Year Ended
|
|
|
|
|
|
December
31,
2016
|
|
December
31,
2017
|
|
|
|
|
|
RMB
|
|
RMB
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
1,430,275
|
|
2,192,100
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
645,735
|
|
1,167,894
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
(2,913,056)
|
|
(2,051,320)
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(2,267,321)
|
|
(883,426)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(2,190,592)
|
|
(771,316)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(2,175,560)
|
|
(773,029)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(5.83)
|
|
(2.04)
|
|
|
|
|
Reconciliations of GAAP and Non-GAAP
Results
|
(All amounts in
thousands, except per share information)
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended December 31, 2017
|
|
GAAP
Result
|
|
Adjustment
on net basis and timing of
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
revenue
recognition as in 2017
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
469,886
|
|
-
|
|
-
|
|
-
|
|
469,886
|
Cost of
revenues
|
(234,733)
|
|
-
|
|
230
|
|
-
|
|
(234,503)
|
|
|
|
|
|
|
|
|
|
|
Research and product
development
|
(111,151)
|
|
-
|
|
1,324
|
|
399
|
|
(109,428)
|
Sales and
marketing
|
(193,696)
|
|
-
|
|
201
|
|
34,163
|
|
(159,332)
|
General and
administrative
|
(154,490)
|
|
-
|
|
17,089
|
|
777
|
|
(136,624)
|
Other operating
income
|
3,348
|
|
-
|
|
-
|
|
-
|
|
3,348
|
Total operating
expenses
|
(455,989)
|
|
-
|
|
18,614
|
|
35,339
|
|
(402,036)
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(220,836)
|
|
-
|
|
18,844
|
|
35,339
|
|
(166,653)
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(186,135)
|
|
-
|
|
18,844
|
|
35,339
|
|
(131,952)
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(184,860)
|
|
-
|
|
18,844
|
|
35,339
|
|
(130,677)
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(0.48)
|
|
|
|
|
|
|
|
(0.34)
|
Net loss per ADS -
basic and diluted
|
(1.44)
|
|
|
|
|
|
|
|
(1.02)
|
Weighted average
number of ordinary shares used
in computing basic and diluted loss per share
|
387,993,534
|
|
|
|
|
|
|
|
387,993,534
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended September 30, 2017
|
|
GAAP
Result
|
|
Adjustment
on net basis and timing of
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
revenue
recognition as in 2017
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
806,085
|
|
-
|
|
-
|
|
-
|
|
806,085
|
Cost of
revenues
|
(365,206)
|
|
-
|
|
228
|
|
-
|
|
(364,978)
|
|
|
|
|
|
|
|
|
|
|
Research and product
development
|
(123,974)
|
|
-
|
|
2,005
|
|
399
|
|
(121,570)
|
Sales and
marketing
|
(224,808)
|
|
-
|
|
545
|
|
34,163
|
|
(190,100)
|
General and
administrative
|
(165,874)
|
|
-
|
|
28,451
|
|
876
|
|
(136,547)
|
Other operating
income
|
7,757
|
|
-
|
|
-
|
|
-
|
|
7,757
|
Total operating
expenses
|
(506,899)
|
|
-
|
|
31,001
|
|
35,438
|
|
(440,460)
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(66,020)
|
|
-
|
|
31,229
|
|
35,438
|
|
647
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss)
|
(27,005)
|
|
-
|
|
31,229
|
|
35,438
|
|
39,662
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
attributable to ordinary
shareholders
|
(29,305)
|
|
-
|
|
31,229
|
|
35,438
|
|
37,362
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss) per
ordinary share*
|
|
|
|
|
|
|
|
|
|
-Basic
|
(0.08)
|
|
|
|
|
|
|
|
0.10
|
-Diluted
|
(0.08)
|
|
|
|
|
|
|
|
0.10
|
Net income/(loss) per
ADS
|
|
|
|
|
|
|
|
|
|
-Basic
|
(0.24)
|
|
|
|
|
|
|
|
0.30
|
-Diluted
|
(0.24)
|
|
|
|
|
|
|
|
0.30
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
|
|
|
-Basic
|
372,335,675
|
|
|
|
|
|
|
|
372,335,675
|
-Diluted
|
372,335,675
|
|
|
|
|
|
|
|
380,259,980
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended December 31, 2016
|
|
GAAP
Result
|
|
Adjustment
on net basis and timing of
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
revenue
recognition as in 2017
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
1,953,393
|
|
(1,631,670)
|
|
-
|
|
-
|
|
321,723
|
Cost of
revenues
|
(1,778,914)
|
|
1,625,377
|
|
276
|
|
-
|
|
(153,261)
|
|
|
|
|
|
|
|
|
|
-
|
Research and product
development
|
(170,123)
|
|
-
|
|
1,709
|
|
399
|
|
(168,015)
|
Sales and
marketing
|
(398,095)
|
|
(2,718)
|
|
419
|
|
34,168
|
|
(366,226)
|
General and
administrative
|
(205,500)
|
|
-
|
|
23,657
|
|
966
|
|
(180,877)
|
Other operating
income
|
11,070
|
|
-
|
|
-
|
|
-
|
|
11,070
|
Total operating
expenses
|
(762,648)
|
|
(2,718)
|
|
25,785
|
|
35,533
|
|
(704,048)
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(588,169)
|
|
(9,011)
|
|
26,061
|
|
35,533
|
|
(535,586)
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
(567,867)
|
|
(9,011)
|
|
26,061
|
|
35,533
|
|
(515,284)
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to noncontrolling interests
|
(6,838)
|
|
(591)
|
|
-
|
|
-
|
|
(7,429)
|
Net loss attributable
to ordinary shareholders
|
(561,101)
|
|
(8,420)
|
|
26,061
|
|
35,533
|
|
(507,927)
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(1.48)
|
|
|
|
|
|
|
|
(1.34)
|
Net loss per ADS -
basic and diluted
|
(4.44)
|
|
|
|
|
|
|
|
(4.02)
|
Weighted average
number of ordinary shares used
in computing basic and diluted loss per share
|
378,785,214
|
|
|
|
|
|
|
|
378,785,214
|
|
Reconciliations of GAAP and Non-GAAP
Results
|
|
|
(All amounts in
thousands, except per share information)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, 2017
|
|
|
GAAP
Result
|
|
Adjustment
on net basis and timing of
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
|
revenue
recognition as in 2017
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
2,192,100
|
|
-
|
|
-
|
|
-
|
|
2,192,100
|
|
Cost of
revenues
|
(1,024,206)
|
|
-
|
|
1,075
|
|
-
|
|
(1,023,131)
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and product
development
|
(541,126)
|
|
-
|
|
6,864
|
|
1,596
|
|
(532,666)
|
|
Sales and
marketing
|
(894,148)
|
|
-
|
|
1,650
|
|
136,652
|
|
(755,846)
|
|
General and
administrative
|
(637,795)
|
|
-
|
|
89,086
|
|
3,273
|
|
(545,436)
|
|
Other operating
income
|
21,749
|
|
-
|
|
-
|
|
-
|
|
21,749
|
|
Total operating
expenses
|
(2,051,320)
|
|
-
|
|
97,600
|
|
141,521
|
|
(1,812,199)
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(883,426)
|
|
-
|
|
98,675
|
|
141,521
|
|
(643,230)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(771,316)
|
|
-
|
|
98,675
|
|
141,521
|
|
(531,120)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(773,029)
|
|
-
|
|
98,675
|
|
141,521
|
|
(532,833)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted
|
(2.04)
|
|
|
|
|
|
|
|
(1.41)
|
|
Net loss per ADS -
basic and diluted
|
(6.12)
|
|
|
|
|
|
|
|
(4.23)
|
|
Weighted average
number of ordinary shares used
in computing basic and diluted loss per share
|
378,230,039
|
|
|
|
|
|
|
|
378,230,039
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, 2016
|
|
|
GAAP
Result
|
|
Adjustment
on net basis and timing of
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
|
revenue
recognition as in 2017
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
revenues
|
10,530,941
|
|
(9,100,666)
|
|
-
|
|
-
|
|
1,430,275
|
|
Cost of
revenues
|
(9,891,736)
|
|
9,106,597
|
|
891
|
|
(292)
|
|
(784,540)
|
|
|
|
|
|
|
|
|
|
|
-
|
|
Research and product
development
|
(601,402)
|
|
-
|
|
5,702
|
|
1,747
|
|
(593,953)
|
|
Sales and
marketing
|
(1,900,397)
|
|
(8,027)
|
|
1,390
|
|
136,239
|
|
(1,770,795)
|
|
General and
administrative
|
(658,790)
|
|
-
|
|
84,436
|
|
3,723
|
|
(570,631)
|
|
Other operating
income
|
22,323
|
|
-
|
|
-
|
|
-
|
|
22,323
|
|
Total operating
expenses
|
(3,138,266)
|
|
(8,027)
|
|
91,528
|
|
141,709
|
|
(2,913,056)
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(2,499,061)
|
|
(2,096)
|
|
92,419
|
|
141,417
|
|
(2,267,321)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(2,422,332)
|
|
(2,096)
|
|
92,419
|
|
141,417
|
|
(2,190,592)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to noncontrolling interests
|
(15,104)
|
|
-
|
|
-
|
|
-
|
|
(15,104)
|
|
Net loss attributable
to ordinary shareholders
|
(2,407,300)
|
|
(2,096)
|
|
92,419
|
|
141,417
|
|
(2,175,560)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(6.45)
|
|
|
|
|
|
|
|
(5.83)
|
|
Net loss per ADS -
basic and diluted
|
(19.35)
|
|
|
|
|
|
|
|
(17.49)
|
|
Weighted average
number of ordinary shares used
in computing basic and diluted loss per share
|
373,347,855
|
|
|
|
|
|
|
|
373,347,855
|
|
|
|
|
|
|
|
|
|
|
|
|
*Basic net
income/(loss) per share is calculated by dividing net income/(loss)
attributable to ordinary shareholders by the weighted average
number of ordinary shares
outstanding during the periods. Diluted net income/(loss) per share
is calculated by dividing net income/(loss) attributable to
ordinary shareholders by the weighted
average number of ordinary shares and dilutive potential ordinary
shares outstanding during the periods, including the dilutive
effect of share-based awards as determined
under the treasury stock method.
|
|
View original
content:http://www.prnewswire.com/news-releases/tuniu-announces-unaudited-fourth-quarter-and-fiscal-year-2017-financial-results-300613760.html
SOURCE Tuniu