Non-GAAP[1] Net Loss in Q1 2018
Decreased by 89.5% Year-Over-Year
Added 51 Offline
Retail Stores and 7 Local Tour
Operators[2]
NANJING, China, May 24,
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 first quarter ended
March 31, 2018.
Highlights for the First Quarter of 2018
- Revenues from package tours in the first quarter of 2018
increased by 13.1% year-over-year to RMB402.7 million (US$64.2
million[3]).
- Operating expenses in the first quarter of 2018 decreased by
31.4% year-over-year to RMB383.8
million (US$61.2
million).
- Non-GAAP net loss was RMB23.8
million (US$3.8 million) in
the first quarter of 2018, compared to a Non-GAAP net loss of
RMB226.2 million in the first quarter
of 2017.
- As of April 30,
2018, Tuniu added 51 new offline retail stores during the
year.
- As of April 30,
2018, Tuniu had 21 local tour operators in total, including
7 newly launched local tour operators in China[4] during
April.
Mr. Donald Dunde Yu, Tuniu's
co-founder, Chairman and Chief Executive Officer, said, "As the
leading online leisure travel company in China, we have developed a comprehensive sales
network that allows us to efficiently acquire customers through
various channels at different departure cities. With a solid
foundation established through our sales network, our next step is
to replicate the expansion model to our service network at
destinations. As China's
consumption power continues its upward trend, Chinese travelers are
demanding better services and experiences. We believe that many of
these demands are still unmet and there continues to be an
opportunity for Tuniu to provide products and services consistent
with current demands through its service network."
Ms. Maria Yi
Xin, Tuniu's Chief Financial Officer, said, "During the
first quarter, we were able to continue reducing our net loss. The
development of our sales network served a vital role in the
reduction of our sales and marketing expenses. Tuniu's new retail
model continues to gain traction as customers acquired through our
offline retail stores contributed more than 10% of our packaged
tour GMV for the first time during this quarter. With our blended
user acquisition cost declining from the expansion of our sales
network, and bargaining power increasing from the development of
our service network, Tuniu's operational efficiency will continue
to scale in the future."
1. 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 table
captioned "Reconciliations of GAAP and
Non-GAAP Results" set forth at the end of this press release
reconciles Non-GAAP financial information with the
Company's financial results under GAAP.
|
|
2. The section below
entitled "Highlights for the First Quarter of 2018" provides
additional information about
some key financial figures and operating data.
|
|
3. The conversion of
Renminbi ("RMB") into United States dollars ("US$") is based on the
exchange rate of
US$1.00=RMB6.2726 on March 30, 2018 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.
|
|
4. The 7 newly opened
local tour operators are located in Huhehot, Taiyuan, Chengde,
Hulunbuir, Harbin, Dalian
and Urumqi in China.
|
First Quarter 2018 Results
Net revenues were RMB480.5
million (US$76.6 million) in
the first quarter of 2018, representing a year-over-year increase
of 5.4% from the corresponding period in 2017.
- Revenues from packaged tours, which are mainly
recognized on a net basis, were RMB402.7
million (US$64.2 million) in
the first quarter of 2018, representing a year-over-year increase
of 13.1% from the corresponding period in 2017. The increase was
primarily due to the growth of organized tours and self-guided
tours.
- Other revenues were RMB77.9
million (US$12.4 million) in
the first quarter of 2018, representing a year-over-year decrease
of 22.2% from the corresponding period in 2017. The decrease was
primarily due to the decline in revenues generated from financial
services, commission fees received from air ticketing and service
fees received from insurance companies.
Cost of revenues was RMB217.9
million (US$34.7 million) in
the first quarter of 2018, representing a year-over-year increase
of 6.4% from the corresponding period in 2017. As a percentage of
net revenues, cost of revenues was 45.3% in the first quarter of
2018 compared to 44.9% in the corresponding period in 2017.
Gross profit was RMB262.6
million (US$41.9 million) in
the first quarter of 2018, representing a year-over-year increase
of 4.5% from the corresponding period in 2017. The increase was
primarily due to the increase in efficiency resulting from
economies of scale.
Operating expenses were RMB383.8
million (US$61.2 million) in
the first quarter of 2018, representing a year-over-year decrease
of 31.4% from the corresponding period in 2017. Share-based
compensation expenses and amortization of acquired intangible
assets, which were allocated to operating expenses, were
RMB47.5 million (US$7.6 million) in the first quarter of 2018.
Non-GAAP operating expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets, were RMB336.3 million
(US$53.6 million) in the first
quarter of 2018, representing a year-over-year decrease of
32.5%.
- Research and product development expenses were
RMB84.1 million (US$13.4 million) in the first quarter of 2018,
representing a year-over-year decrease of 47.3%. 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 RMB82.4 million (US$13.1
million) in the first quarter of 2018, representing a
year-over-year decrease of 47.6% from the corresponding period in
2017. Research and product development expenses as a percentage of
net revenues were 17.5% in the first quarter of 2018, decreasing
from 35.0% in the corresponding period in 2017. The decrease was
primarily due to the increase in efficiency resulting from
economies of scale and refined management, and optimization of
research and product development personnel.
- Sales and marketing expenses were RMB185.8 million (US$29.6
million) in the first quarter of 2018, representing a
year-over-year decrease of 26.8%. Non-GAAP sales and marketing
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets of RMB34.3 million (US$5.5
million), were RMB151.5
million (US$24.1 million) in
the first quarter of 2018, representing a year-over-year decrease
of 30.9% from the corresponding period in 2017. Sales and marketing
expenses as a percentage of net revenues were 38.7% in the first
quarter of 2018, decreasing from 55.6% in the corresponding period
in 2017. The decrease was primarily due to the optimization of
promotional expense structure and preference for marketing channels
with higher ROI.
- General and administrative expenses were RMB114.6 million (US$18.3
million) in the first quarter of 2018, representing a
year-over-year decrease of 24.3%. Non-GAAP general and
administrative expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets of RMB11.5 million
(US$1.8 million), were RMB103.1 million (US$16.4
million) in the first quarter of 2018, representing a
year-over-year decrease of 19.0% from the corresponding period in
2017. General and administrative expenses as a percentage of net
revenues were 23.9% in the first quarter of 2018, decreasing from
33.2% in the corresponding period in 2017. The decrease was
primarily due to the increase in efficiency resulting from
economies of scale and decline in personnel related fees.
Loss from operations was RMB121.1
million (US$19.3 million) in
the first quarter of 2018, compared to a loss from operations of
RMB308.0 million in the first quarter
of 2017. Non-GAAP loss from operations, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, was RMB73.4
million (US$11.7 million) in
the first quarter of 2018.
Net loss was RMB71.6
million (US$11.4 million) in
the first quarter of 2018, compared to a net loss of RMB287.4 million in the first quarter of 2017.
Non-GAAP net loss, which excluded share-based compensation
expenses and amortization of acquired intangible assets, was
RMB23.8 million (US$3.8 million) in the first quarter of 2018.
Net loss attributable to ordinary shareholders was
RMB74.7 million (US$11.9 million) in the first quarter of 2018,
compared to a net loss attributable to ordinary shareholders of
RMB288.2 million in the first quarter
of 2017. Non-GAAP net loss attributable to ordinary
shareholders, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB26.9 million (US$4.3
million) in the first quarter of 2018.
As of March 31, 2018, the Company
had cash and cash equivalents, restricted cash and short-term
investments of RMB3.1 billion
(US$500.3 million).
Business Outlook
For the second quarter of 2018, Tuniu
expects to generate RMB519.9 million
to RMB538.3 million of net revenues,
which represents 13% to 17% 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
May 24, 2018, (8:00 pm, Beijing/Hong Kong Time, on May 24, 2018) to discuss the first quarter 2018
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 1Q 2018 Earnings Call
A telephone replay will be available one hour after the end of
the conference through May 31, 2018.
The dial-in details are as follows:
US:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access Code: 10120454
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 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
Mary Chen
Investor Relations Director
Tuniu Corporation
Phone: +86-25-6960-9988
E-mail: ir@tuniu.com
Tuniu
Corporation
|
Unaudited
Condensed Consolidated Balance Sheets
|
(All amounts in
thousands, except per share information)
|
|
December 31,
2017
|
|
March 31,
2018
|
|
March 31,
2018
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
484,101
|
|
612,269
|
|
97,610
|
Restricted
cash
|
91,810
|
|
145,904
|
|
23,261
|
Short-term
investments
|
3,084,634
|
|
2,379,946
|
|
379,419
|
Accounts receivable,
net
|
286,627
|
|
327,759
|
|
52,252
|
Amounts due from
related parties
|
171,331
|
|
114,310
|
|
18,224
|
Prepayments and other
current assets
|
939,463
|
|
990,806
|
|
157,958
|
Yield enhancement
products and accrued interest
|
31,337
|
|
6,708
|
|
1,069
|
Total current
assets
|
5,089,303
|
|
4,577,702
|
|
729,793
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
Long term
investments
|
484,991
|
|
993,319
|
|
158,358
|
Property and
equipment, net
|
148,278
|
|
148,919
|
|
23,741
|
Intangible assets,
net
|
460,634
|
|
426,076
|
|
67,927
|
Goodwill
|
147,639
|
|
147,639
|
|
23,537
|
Yield enhancement
products over one year and
accrued interest
|
170,505
|
|
106,569
|
|
16,990
|
Other non-current
assets
|
156,455
|
|
166,558
|
|
26,553
|
Total non-current
assets
|
1,568,502
|
|
1,989,080
|
|
317,106
|
Total
assets
|
6,657,805
|
|
6,566,782
|
|
1,046,899
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts
payable
|
852,500
|
|
1,161,487
|
|
185,168
|
Amounts due to
related parties
|
86,923
|
|
83,541
|
|
13,318
|
Salary and welfare
payable
|
187,561
|
|
99,822
|
|
15,914
|
Taxes
payable
|
32,036
|
|
18,101
|
|
2,886
|
Advances from
customers
|
1,210,615
|
|
1,033,293
|
|
164,731
|
Accrued expenses and
other current liabilities
|
373,690
|
|
399,541
|
|
63,695
|
Amounts due to the
individual investors of yield
enhancement products
|
177,971
|
|
141,012
|
|
22,481
|
Total current
liabilities
|
2,921,296
|
|
2,936,797
|
|
468,193
|
|
|
|
|
|
|
Non-current
liabilities
|
42,481
|
|
40,842
|
|
6,511
|
Total
liabilities
|
2,963,777
|
|
2,977,639
|
|
474,704
|
|
|
|
|
|
|
Mezzanine
equity
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
96,719
|
|
98,528
|
|
15,708
|
|
|
|
|
|
|
Shareholders'
equity
|
|
|
|
|
|
Ordinary
shares
|
248
|
|
248
|
|
40
|
Less: Treasury
stock
|
(185,419)
|
|
(203,717)
|
|
(32,477)
|
Additional paid-in
capital
|
9,013,793
|
|
9,025,354
|
|
1,438,854
|
Accumulated other
comprehensive income
|
272,386
|
|
243,934
|
|
38,889
|
Accumulated
deficit
|
(5,505,897)
|
|
(5,579,701)
|
|
(889,536)
|
Total Tuniu's
shareholders' equity
|
3,595,111
|
|
3,486,118
|
|
555,770
|
Noncontrolling
interests
|
2,198
|
|
4,497
|
|
717
|
Total
Shareholders' equity
|
3,597,309
|
|
3,490,615
|
|
556,487
|
Total liabilities
and shareholders' equity
|
6,657,805
|
|
6,566,782
|
|
1,046,899
|
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
|
|
March 31,
2017
|
|
December 31,
2017
|
March 31,
2018
|
|
March 31,
2018
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
Packaged
tours
|
355,948
|
|
290,054
|
|
402,679
|
|
64,197
|
Others
|
100,093
|
|
179,832
|
|
77,854
|
|
12,412
|
Net
revenues
|
456,041
|
|
469,886
|
|
480,533
|
|
76,609
|
Cost of
revenues
|
(204,737)
|
|
(234,733)
|
|
(217,907)
|
|
(34,740)
|
Gross
profit
|
251,304
|
|
235,153
|
|
262,626
|
|
41,869
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Research and product
development
|
(159,403)
|
|
(111,151)
|
|
(84,054)
|
|
(13,400)
|
Sales and
marketing
|
(253,756)
|
|
(193,696)
|
|
(185,831)
|
|
(29,626)
|
General and
administrative
|
(151,333)
|
|
(154,490)
|
|
(114,609)
|
|
(18,271)
|
Other operating
income
|
5,223
|
|
3,348
|
|
735
|
|
117
|
Total operating
expenses
|
(559,269)
|
|
(455,989)
|
|
(383,759)
|
|
(61,180)
|
Loss from
operations
|
(307,965)
|
|
(220,836)
|
|
(121,133)
|
|
(19,311)
|
Other
income/(expenses)
|
|
|
|
|
|
|
|
Interest
income
|
22,954
|
|
44,426
|
|
39,474
|
|
6,293
|
Foreign
exchange gains/(losses), net
|
(1,370)
|
|
(2,009)
|
|
5,977
|
|
953
|
Other
income/(loss), net
|
429
|
|
(147)
|
|
7,945
|
|
1,267
|
Loss before income
tax expense
|
(285,952)
|
|
(178,566)
|
|
(67,737)
|
|
(10,798)
|
Income tax
expense
|
(1,406)
|
|
(7,569)
|
|
(3,828)
|
|
(610)
|
Net
loss
|
(287,358)
|
|
(186,135)
|
|
(71,565)
|
|
(11,408)
|
Net income/(loss)
attributable to
noncontrolling interests
|
(751)
|
|
(2,939)
|
|
1,299
|
|
207
|
Net income/(loss)
attributable to redeemable
noncontrolling interests
|
275
|
|
(93)
|
|
940
|
|
150
|
Net loss
attributable to Tuniu Corporation
|
(286,882)
|
|
(183,103)
|
|
(73,804)
|
|
(11,765)
|
Accretion on
redeemable noncontrolling
interest
|
(1,356)
|
|
(1,757)
|
|
(869)
|
|
(139)
|
Net loss
attributable to ordinary
shareholders
|
(288,238)
|
|
(184,860)
|
|
(74,673)
|
|
(11,904)
|
|
|
|
|
|
|
|
|
Net
loss
|
(287,358)
|
|
(186,135)
|
|
(71,565)
|
|
(11,408)
|
Other comprehensive
income loss:
|
|
|
|
|
|
|
|
Foreign
currency translation adjustment, net
of nil tax
|
(19,190)
|
|
(24,770)
|
|
(28,452)
|
|
(4,536)
|
Comprehensive
loss
|
(306,548)
|
|
(210,905)
|
|
(100,017)
|
|
(15,944)
|
|
|
|
|
|
|
|
|
Loss per
share
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted
|
(0.76)
|
|
(0.48)
|
|
(0.19)
|
|
(0.03)
|
Net loss per ADS -
basic and diluted*
|
(2.28)
|
|
(1.44)
|
|
(0.57)
|
|
(0.09)
|
Weighted average
number of ordinary shares
used in computing basic and diluted loss per
share
|
378,164,347
|
|
387,993,534
|
|
388,843,912
|
|
388,843,912
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are as follows:
|
|
|
|
|
|
|
Cost of
revenues
|
321
|
|
230
|
|
227
|
|
36
|
Research and product
development
|
1,784
|
|
1,324
|
|
1,260
|
|
201
|
Sales and
marketing
|
477
|
|
201
|
|
185
|
|
29
|
General and
administrative
|
23,139
|
|
17,089
|
|
10,709
|
|
1,707
|
Total
|
25,721
|
|
18,844
|
|
12,381
|
|
1,973
|
|
|
|
|
|
|
|
|
*Each ADS represents
three of the Company's ordinary shares.
|
|
|
|
|
|
|
Reconciliations of GAAP and Non-GAAP
Results
|
(All amounts in
thousands, except per share information)
|
|
|
|
|
|
|
|
|
|
Quarter
Ended March 31, 2018
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(217,907)
|
|
227
|
|
-
|
|
(217,680)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(84,054)
|
|
1,260
|
|
399
|
|
(82,395)
|
Sales and
marketing
|
(185,831)
|
|
185
|
|
34,163
|
|
(151,483)
|
General and
administrative
|
(114,609)
|
|
10,709
|
|
781
|
|
(103,119)
|
Other operating
income
|
735
|
|
-
|
|
-
|
|
735
|
Total operating
expenses
|
(383,759)
|
|
12,154
|
|
35,343
|
|
(336,262)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(121,133)
|
|
12,381
|
|
35,343
|
|
(73,409)
|
|
|
|
|
|
|
|
|
Net loss
|
(71,565)
|
|
12,381
|
|
35,343
|
|
(23,841)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(74,673)
|
|
12,381
|
|
35,343
|
|
(26,949)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted (RMB)
|
(0.19)
|
|
|
|
|
|
(0.07)
|
Net loss per ADS -
basic and diluted (RMB)
|
(0.57)
|
|
|
|
|
|
(0.21)
|
Weighted average
number of ordinary shares
used in computing basic and diluted loss per
share
|
388,843,912
|
|
|
|
|
|
388,843,912
|
|
|
|
|
|
|
|
|
|
Quarter
Ended December 31, 2017
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
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 (RMB)
|
(0.48)
|
|
|
|
|
|
(0.34)
|
Net loss per ADS -
basic and diluted (RMB)
|
(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 March 31, 2017
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(204,737)
|
|
321
|
|
-
|
|
(204,416)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(159,403)
|
|
1,783
|
|
399
|
|
(157,221)
|
Sales and
marketing
|
(253,756)
|
|
477
|
|
34,163
|
|
(219,116)
|
General and
administrative
|
(151,333)
|
|
23,139
|
|
827
|
|
(127,367)
|
Other operating
income
|
5,223
|
|
-
|
|
-
|
|
5,223
|
Total operating
expenses
|
(559,269)
|
|
25,399
|
|
35,389
|
|
(498,481)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(307,965)
|
|
25,720
|
|
35,389
|
|
(246,856)
|
|
|
|
|
|
|
|
|
Net
loss
|
(287,358)
|
|
25,720
|
|
35,389
|
|
(226,249)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(288,238)
|
|
25,720
|
|
35,389
|
|
(227,129)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted (RMB)
|
(0.76)
|
|
|
|
|
|
(0.60)
|
Net loss per ADS -
basic and diluted (RMB)
|
(2.28)
|
|
|
|
|
|
(1.80)
|
Weighted average
number of ordinary shares
used in computing basic and diluted loss per
share
|
378,164,347
|
|
|
|
|
|
378,164,347
|
View original
content:http://www.prnewswire.com/news-releases/tuniu-announces-unaudited-first-quarter-2018-financial-results-300654257.html
SOURCE Tuniu