Non-GAAP[1] Net Income in Q3 2018
Increased by 109.2% Year-Over-Year to RMB83.0 million
Added 251 Offline
Retail Stores During 2018[2]
NANJING, China, Nov. 27,
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 third quarter ended September 30, 2018.
Highlights for the Third Quarter of 2018
- Non-GAAP income from operations was RMB51.4 million (US$7.5
million[3]) in
the third quarter of 2018, compared to a Non-GAAP income from
operations of RMB0.6 million in the
third quarter of 2017.
- Net income was RMB28.0 million
(US$4.1 million) in the third quarter
of 2018, compared to a net loss of RMB27.0
million in the third quarter of 2017. Non-GAAP net income
was RMB83.0 million (US$12.1 million) in the third quarter of 2018,
representing a year-over-year increase of 109.2%.
- Operating expenses in the third
quarter of 2018 decreased by 22.1% year-over-year to RMB395.1 million (US$57.5
million).
- As of October 31, 2018, Tuniu had
415 offline retail stores in total, of
which 251 were newly added since January
1, 2018.
- As of November 27, 2018, Tuniu
had 26 local tour operators in total, including 1 newly launched
local tour operator overseas[4] since July 31, 2018.
Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief
Executive Officer, said, "During the third quarter, we have
continued to improve our sales and service networks in order to
maximize the customer's experience. We have refined our sales
network to further simplify our customers' booking experience
across each channel and further integrated our service network with
our platform to insure our customers are served with higher quality
products and services. Our direct procurement as a percentage of
packaged tour GMV reached 60% in the third quarter. Going forward,
we believe our dedication to improving the user experience will
differentiate Tuniu from our peers and will serve as the driver of
our growth in the future."
Ms. Maria Yi Xin, Tuniu's Chief
Financial Officer, said, "We are excited to announce that Tuniu
achieved profitability during the third quarter of 2018 both on a
GAAP and non-GAAP basis. Additionally, we were able to generate
positive cash flow during the first three quarters this year. We
believe our ability to achieve profitability and maintain positive
operating cash flow this quarter is a reflection of how our
long-term strategies have positively reshaped our company's
financials. Our achievement this quarter is a significant step
towards unlocking greater long-term value for our
shareholders."
[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 Third 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=RMB6.8680 on September 28, 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 1 newly
launched local tour operator overseas is located in the
Austria.
|
Third Quarter 2018 Results
Net revenues were RMB763.1
million (US$111.1 million) in
the third quarter of 2018, representing a year-over-year decrease
of 5.3% from the corresponding period in 2017.
- Revenues from packaged tours were RMB632.7 million (US$92.1
million) in the third quarter of 2018, representing a
year-over-year increase of 4.7% from the corresponding period in
2017. The increase was primarily due to the growth of organized
tours.
- Other revenues were RMB130.4
million (US$19.0 million) in
the third quarter of 2018, representing a year-over-year decrease
of 35.5% from the corresponding period in 2017. The decrease was
primarily due to the decline in revenues generated from financial
services and service fees received from insurance companies.
Cost of revenues was RMB371.6
million (US$54.1 million) in
the third quarter of 2018, representing a year-over-year increase
of 1.8% from the corresponding period in 2017. As a percentage of
net revenues, cost of revenues was 48.7% in the third quarter of
2018 compared to 45.3% in the corresponding period in 2017.
Gross profit was RMB391.5
million (US$57.0 million) in
the third quarter of 2018, representing a year-over-year decrease
of 11.2% from the corresponding period in 2017. The decrease was
primarily due to the decrease in other revenues.
Operating expenses were RMB395.1
million (US$57.5 million) in
the third quarter of 2018, representing a year-over-year decrease
of 22.1% from the corresponding period in 2017. Share-based
compensation expenses and amortization of acquired intangible
assets, which were allocated to operating expenses, were
RMB54.4 million (US$7.9 million) in the third quarter of 2018.
Non-GAAP operating expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets, were RMB340.7 million
(US$49.6 million) in the third
quarter of 2018, representing a year-over-year decrease of
22.7%.
- Research and product development expenses were
RMB78.3 million (US$11.4 million) in the third quarter of 2018,
representing a year-over-year decrease of 36.9%. Non-GAAP
research and product development expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets of RMB4.2 million
(US$0.6 million), were RMB74.1 million (US$10.8
million) in the third quarter of 2018, representing a
year-over-year decrease of 39.1% from the corresponding period in
2017. Research and product development expenses as a percentage of
net revenues were 10.3% in the third quarter of 2018, decreasing
from 15.4% 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 RMB209.6 million (US$30.5
million) in the third quarter of 2018, representing a
year-over-year decrease of 6.8%. Non-GAAP sales and marketing
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets of RMB34.7 million (US$5.1
million), were RMB174.8
million (US$25.5 million) in
the third quarter of 2018, representing a year-over-year decrease
of 8.0% from the corresponding period in 2017. Sales and marketing
expenses as a percentage of net revenues were 27.5% in the third
quarter of 2018, decreasing from 27.9% 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 RMB122.9 million (US$17.9
million) in the third quarter of 2018, representing a
year-over-year decrease of 25.9%. Non-GAAP general and
administrative expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets of RMB15.5 million
(US$2.3 million), were RMB107.4 million (US$15.6
million) in the third quarter of 2018, representing a
year-over-year decrease of 21.3% from the corresponding period in
2017. General and administrative expenses as a percentage of net
revenues were 16.1% in the third quarter of 2018, decreasing from
20.6% in the corresponding period in 2017. The decrease was
primarily due to the increase in operating efficiency resulting
from economies of scale and refined management.
Loss from operations was RMB3.6
million (US$0.5 million) in
the third quarter of 2018, compared to a loss from operations of
RMB66.0 million in the third quarter
of 2017. Non-GAAP income from operations, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, was RMB51.4
million (US$7.5 million) in
the third quarter of 2018.
Net income was RMB28.0
million (US$4.1 million) in
the third quarter of 2018, compared to a net loss of RMB27.0 million in the third quarter of 2017.
Non-GAAP net income, which excluded share-based compensation
expenses and amortization of acquired intangible assets, was
RMB83.0 million (US$12.1 million) in the third quarter of
2018.
Net income attributable to ordinary shareholders was
RMB31.0 million (US$4.5 million) in the third quarter of 2018,
compared to a net loss attributable to ordinary shareholders of
RMB29.3 million in the third quarter
of 2017. Non-GAAP net income attributable to ordinary
shareholders, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB86.1 million (US$12.5
million) in the third quarter of 2018.
As of September 30, 2018, the
Company had cash and cash equivalents, restricted cash and
short-term investments of RMB1.9
billion (US$271.0
million).
Business Outlook
For the fourth quarter of 2018, Tuniu expects to generate
RMB422.9 million to RMB446.4 million of net revenues, which
represents 5% to 10%
decrease 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 27, 2018, (9:00 pm, Beijing/Hong Kong Time, on November 27, 2018) to discuss the third quarter
2018 financial results.
To participate in the conference call, please dial the following
numbers:
US:
|
+1-888-346-8982
|
Hong
Kong:
|
+852-301-84992
|
China:
|
4001-201203
|
International:
|
+1-412-902-4272
|
Conference ID: Tuniu 3Q 2018 Earnings Call
A telephone replay will be available one hour after the end of
the conference through December 4,
2018. The dial-in details are as follows:
US:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access Code: 10126389
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
2,200,000 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
(Financial Tables Follow)
Tuniu
Corporation
|
Unaudited
Condensed Consolidated Balance Sheets
|
(All amounts in
thousands, except per share information)
|
|
December 31,
2017
|
|
September
30, 2018
|
|
September
30, 2018
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
484,101
|
|
614,224
|
|
89,433
|
Restricted
cash
|
91,810
|
|
208,365
|
|
30,339
|
Short-term
investments
|
3,084,634
|
|
1,038,799
|
|
151,252
|
Accounts receivable,
net
|
286,627
|
|
508,841
|
|
74,089
|
Amounts due from
related parties
|
171,331
|
|
699,831
|
|
101,897
|
Prepayments and other
current assets
|
939,463
|
|
1,747,378
|
|
254,422
|
Yield enhancement
products and accrued interest
|
31,337
|
|
-
|
|
-
|
Total current
assets
|
5,089,303
|
|
4,817,438
|
|
701,432
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
Long term
investment
|
484,991
|
|
1,330,386
|
|
193,708
|
Property and
equipment, net
|
148,278
|
|
172,767
|
|
25,155
|
Intangible
assets,net
|
460,634
|
|
353,982
|
|
51,541
|
Goodwill
|
147,639
|
|
155,680
|
|
22,667
|
Yield enhancement
products over one year and
accrued interest
|
170,505
|
|
-
|
|
-
|
Other non-current
assets
|
156,455
|
|
173,900
|
|
25,321
|
Total non-current
assets
|
1,568,502
|
|
2,186,715
|
|
318,392
|
Total
assets
|
6,657,805
|
|
7,004,153
|
|
1,019,824
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts
payable
|
852,500
|
|
1,630,842
|
|
237,455
|
Amounts due to
related parties
|
86,923
|
|
80,749
|
|
11,757
|
Salary and welfare
payable
|
187,561
|
|
110,551
|
|
16,097
|
Taxes
payable
|
32,036
|
|
15,535
|
|
2,262
|
Advances from
customers
|
1,210,615
|
|
1,079,211
|
|
157,136
|
Accrued expenses and
other current liabilities
|
373,690
|
|
560,254
|
|
81,574
|
Amounts due to the
individual investors of yield
enhancement products
|
177,971
|
|
-
|
|
-
|
Total current
liabilities
|
2,921,296
|
|
3,477,142
|
|
506,281
|
|
|
|
|
|
|
Non-current
liabilities
|
42,481
|
|
46,796
|
|
6,814
|
Total
liabilities
|
2,963,777
|
|
3,523,938
|
|
513,095
|
|
|
|
|
|
|
Mezzanine
equity
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
96,719
|
|
68,086
|
|
9,914
|
|
|
|
|
|
|
Shareholders'
equity
|
|
|
|
|
|
Ordinary
shares
|
248
|
|
248
|
|
36
|
Less: Treasury
stock
|
(185,419)
|
|
(299,209)
|
|
(43,566)
|
Additional paid-in
capital
|
9,013,793
|
|
9,054,015
|
|
1,318,290
|
Accumulated other
comprehensive income
|
272,386
|
|
284,078
|
|
41,363
|
Accumulated
deficit
|
(5,505,897)
|
|
(5,629,830)
|
|
(819,720)
|
Total Tuniu's
shareholders' equity
|
3,595,111
|
|
3,409,302
|
|
496,403
|
Noncontrolling
interests
|
2,198
|
|
2,827
|
|
412
|
Total
Shareholders' equity
|
3,597,309
|
|
3,412,129
|
|
496,815
|
Total liabilities
and shareholders' equity
|
6,657,805
|
|
7,004,153
|
|
1,019,824
|
Tuniu
Corporation
|
Unaudited
Condensed Consolidated Statements of Comprehensive
(Loss)/Income
|
(All amounts in
thousands, except per share information)
|
|
Quarter Ended
|
|
Quarter Ended
|
|
Quarter Ended
|
|
Quarter Ended
|
|
September
30, 2017
|
|
June 30,
2018
|
|
September
30, 2018
|
|
September
30, 2018
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
Packaged
tours
|
604,047
|
|
437,609
|
|
632,723
|
|
92,126
|
Others
|
202,038
|
|
87,641
|
|
130,408
|
|
18,988
|
Net
revenues
|
806,085
|
|
525,250
|
|
763,131
|
|
111,114
|
Cost of
revenues
|
(365,206)
|
|
(274,475)
|
|
(371,622)
|
|
(54,109)
|
Gross
profit
|
440,879
|
|
250,775
|
|
391,509
|
|
57,005
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Research and product
development
|
(123,974)
|
|
(77,044)
|
|
(78,270)
|
|
(11,396)
|
Sales and
marketing
|
(224,808)
|
|
(173,638)
|
|
(209,563)
|
|
(30,513)
|
General and
administrative
|
(165,874)
|
|
(129,317)
|
|
(122,936)
|
|
(17,900)
|
Other operating
income
|
7,757
|
|
8,078
|
|
15,656
|
|
2,280
|
Total operating
expenses
|
(506,899)
|
|
(371,921)
|
|
(395,113)
|
|
(57,529)
|
Loss from
operations
|
(66,020)
|
|
(121,146)
|
|
(3,604)
|
|
(524)
|
Other
income/(expenses)
|
|
|
|
|
|
|
|
Interest and
investment income, net
|
39,864
|
|
44,592
|
|
38,167
|
|
5,557
|
Foreign exchange
gains/(losses), net
|
1,908
|
|
(6,633)
|
|
(9,030)
|
|
(1,315)
|
Other (loss)/income,
net
|
(174)
|
|
(157)
|
|
1,293
|
|
188
|
(Loss)/Income
before income tax expense
|
(24,422)
|
|
(83,344)
|
|
26,826
|
|
3,906
|
Income tax
(expense)/benefit
|
(2,583)
|
|
524
|
|
1,126
|
|
164
|
Net
(loss)/income
|
(27,005)
|
|
(82,820)
|
|
27,952
|
|
4,070
|
Net income/(loss)
attributable to
noncontrolling interests
|
609
|
|
(1,721)
|
|
(4,104)
|
|
(598)
|
Net income
attributable to redeemable
noncontrolling interests
|
514
|
|
255
|
|
831
|
|
121
|
Net (loss)/income
attributable to Tuniu
Corporation
|
(28,128)
|
|
(81,354)
|
|
31,225
|
|
4,547
|
(Accretion
on)/Reversal of redeemable
noncontrolling interest
|
(1,177)
|
|
1,733
|
|
(204)
|
|
(30)
|
Net (loss)/income
attributable to ordinary
shareholders
|
(29,305)
|
|
(79,621)
|
|
31,021
|
|
4,517
|
|
|
|
|
|
|
|
|
Net
(loss)/income
|
(27,005)
|
|
(82,820)
|
|
27,952
|
|
4,070
|
Other comprehensive
(loss)/income:
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment, net
of nil tax
|
(36,143)
|
|
23,802
|
|
16,342
|
|
2,379
|
Comprehensive
(loss)/income
|
(63,148)
|
|
(59,018)
|
|
44,294
|
|
6,449
|
|
|
|
|
|
|
|
|
(Loss)/Income per
share
|
|
|
|
|
|
|
|
Basic
|
(0.08)
|
|
(0.21)
|
|
0.08
|
|
0.01
|
Diluted
|
(0.08)
|
|
(0.21)
|
|
0.08
|
|
0.01
|
|
|
|
|
|
|
|
|
(Loss)/Income per
ADS*
|
|
|
|
|
|
|
|
Basic
|
(0.24)
|
|
(0.63)
|
|
0.24
|
|
0.03
|
Diluted
|
(0.24)
|
|
(0.63)
|
|
0.24
|
|
0.03
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares
used in computing basic (loss)/income per
share
|
372,335,675
|
|
381,234,313
|
|
370,412,795
|
|
370,412,795
|
Weighted average
number of ordinary shares
used in computing diluted (loss)/income per
share
|
372,335,675
|
|
381,234,313
|
|
379,333,481
|
|
379,333,481
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are as follows:
|
|
|
|
|
|
|
|
Cost of
revenues
|
228
|
|
250
|
|
614
|
|
89
|
Research and product
development
|
2,005
|
|
1,901
|
|
3,790
|
|
552
|
Sales and
marketing
|
545
|
|
231
|
|
556
|
|
81
|
General and
administrative
|
28,451
|
|
22,485
|
|
14,731
|
|
2,145
|
Total
|
31,229
|
|
24,867
|
|
19,691
|
|
2,867
|
|
|
|
|
|
|
|
|
*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 September 30, 2018
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(371,622)
|
|
614
|
|
-
|
|
(371,008)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(78,270)
|
|
3,790
|
|
399
|
|
(74,081)
|
Sales and
marketing
|
(209,563)
|
|
556
|
|
34,163
|
|
(174,844)
|
General and
administrative
|
(122,936)
|
|
14,731
|
|
781
|
|
(107,424)
|
Other operating
income
|
15,656
|
|
-
|
|
-
|
|
15,656
|
Total operating
expenses
|
(395,113)
|
|
19,077
|
|
35,343
|
|
(340,693)
|
|
|
|
|
|
|
|
|
(Loss)/Income from
operations
|
(3,604)
|
|
19,691
|
|
35,343
|
|
51,430
|
|
|
|
|
|
|
|
|
Net income
|
27,952
|
|
19,691
|
|
35,343
|
|
82,986
|
|
|
|
|
|
|
|
|
Net income
attributable to ordinary shareholders
|
31,021
|
|
19,691
|
|
35,343
|
|
86,055
|
|
|
|
|
|
|
|
|
Net income per
ordinary share attributable to
ordinary shareholders(RMB)
|
|
|
|
|
|
|
|
-Basic
|
0.08
|
|
|
|
|
|
0.23
|
-Diluted
|
0.08
|
|
|
|
|
|
0.23
|
Net income per
ADS(RMB)
|
|
|
|
|
|
|
|
-Basic
|
0.24
|
|
|
|
|
|
0.69
|
-Diluted
|
0.24
|
|
|
|
|
|
0.69
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
|
-Basic
|
370,412,795
|
|
|
|
|
|
370,412,795
|
-Diluted
|
379,333,481
|
|
|
|
|
|
379,333,481
|
|
|
|
|
|
|
|
|
|
Quarter
Ended June 30, 2018
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(274,475)
|
|
250
|
|
-
|
|
(274,225)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(77,044)
|
|
1,901
|
|
399
|
|
(74,744)
|
Sales and
marketing
|
(173,638)
|
|
231
|
|
34,163
|
|
(139,244)
|
General and
administrative
|
(129,317)
|
|
22,485
|
|
781
|
|
(106,051)
|
Other operating
income
|
8,078
|
|
-
|
|
-
|
|
8,078
|
Total operating
expenses
|
(371,921)
|
|
24,617
|
|
35,343
|
|
(311,961)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(121,146)
|
|
24,867
|
|
35,343
|
|
(60,936)
|
|
|
|
|
|
|
|
|
Net loss
|
(82,820)
|
|
24,867
|
|
35,343
|
|
(22,610)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(79,621)
|
|
24,867
|
|
35,343
|
|
(19,411)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to
ordinary shareholders - basic and diluted (RMB)
|
(0.21)
|
|
|
|
|
|
(0.05)
|
Net loss per ADS -
basic and diluted (RMB)
|
(0.63)
|
|
|
|
|
|
(0.15)
|
Weighted average
number of ordinary shares
used in computing basic and diluted loss per
share
|
381,234,313
|
|
|
|
|
|
381,234,313
|
|
|
|
|
|
|
|
|
|
Quarter
Ended September 30, 2017
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
Result
|
|
|
|
|
|
|
|
|
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)/Income from
operations
|
(66,020)
|
|
31,229
|
|
35,438
|
|
647
|
|
|
|
|
|
|
|
|
Net
(loss)/income
|
(27,005)
|
|
31,229
|
|
35,438
|
|
39,662
|
|
|
|
|
|
|
|
|
Net (loss)/income
attributable to ordinary shareholders
|
(29,305)
|
|
31,229
|
|
35,438
|
|
37,362
|
|
|
|
|
|
|
|
|
Net (loss)/income per
ordinary share
attributable to ordinary shareholders(RMB)
|
|
|
|
|
|
|
|
-Basic
|
(0.08)
|
|
|
|
|
|
0.10
|
-Diluted
|
(0.08)
|
|
|
|
|
|
0.10
|
Net (loss)/income per
ADS (RMB)
|
|
|
|
|
|
|
|
-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
|
|
View original
content:http://www.prnewswire.com/news-releases/tuniu-announces-unaudited-third-quarter-2018-financial-results-300755732.html
SOURCE Tuniu