NANJING, China, Dec. 1, 2022
/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, 2022.
"In the third quarter, China's
travel industry gradually recovered as compared to the previous two
quarters," said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and
Chief Executive Officer. "Tuniu seized the opportunity to expand
our business by focusing on the vacation market and leveraging our
integrated model and high-quality products and services. Despite
the current uncertainties, we will continue to introduce
innovative, high-quality products and services to meet customers'
demand and serve more customers with professionalism and
dedication. In addition, the company will continue to roll out cost
control measures to improve operational efficiency and strengthen
our resilience and capabilities amidst the dynamic external
environment."
Third Quarter 2022 Results
Net revenues were RMB77.9
million (US$10.9
million[1]) in the third quarter of 2022,
representing a year-over-year decrease of 32.1% from the
corresponding period in 2021. The decrease was primarily due to the
negative impact brought by the resurgence and spread of
COVID-19.
- Revenues from packaged tours were RMB41.4 million (US$5.8
million) in the third quarter of 2022, representing a
year-over-year decrease of 54.3% from the corresponding period in
2021. The decrease was primarily due to the resurgence of COVID-19
in certain regions in China.
- Other revenues were RMB36.4
million (US$5.1 million) in
the third quarter of 2022, representing a year-over-year increase
of 52.3% from the corresponding period in 2021. The increase was
primarily due to the increase in the commission fees received from
other travel-related products.
Cost of revenues was RMB32.8
million (US$4.6 million) in
the third quarter of 2022, representing a year-over-year decrease
of 56.2% from the corresponding period in 2021. As a percentage of
net revenues, cost of revenues was 42.2% in the third quarter of
2022, compared to 65.3% in the corresponding period in 2021.
Gross margin was 57.8% in the third quarter of 2022,
compared to a gross margin of 34.7% in the third quarter of
2021.
Operating expenses were RMB59.3
million (US$8.3 million) in
the third quarter of 2022, representing a year-over-year decrease
of 38.5% from the corresponding period in 2021. Share-based
compensation expenses and amortization of acquired intangible
assets, which were allocated to operating expenses, were
RMB1.9 million (US$0.3 million) in the third quarter of 2022.
Non-GAAP[2] operating
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets, were RMB57.4 million (US$8.1
million) in the third quarter of 2022, representing a
year-over-year decrease of 36.9%.
- Research and product development expenses were
RMB9.7 million (US$1.4 million) in the third quarter of 2022,
representing a year-over-year decrease of 37.6%. Non-GAAP
research and product development expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets of RMB0.5 million
(US$0.1 million), were RMB9.2 million (US$1.3
million) in the third quarter of 2022, representing a
year-over-year decrease of 37.1% from the corresponding period in
2021. The decrease was primarily due to the decrease in research
and product development personnel related expenses.
- Sales and marketing expenses were RMB26.5 million (US$3.7
million) in the third quarter of 2022, representing a
year-over-year decrease of 36.4%. Non-GAAP sales and marketing
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets of RMB0.5 million (US$0.1
million), were RMB26.0 million
(US$3.7 million) in the third quarter
of 2022, representing a year-over-year decrease of 35.3% from the
corresponding period in 2021. The decrease was primarily due to the
decrease in promotion expenses.
- General and administrative expenses were RMB24.3 million (US$3.4
million) in the third quarter of 2022, representing a
year-over-year decrease of 41.1%. Non-GAAP general and
administrative expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets of RMB0.9 million
(US$0.1 million), were RMB23.4 million (US$3.3
million) in the third quarter of 2022, representing a
year-over-year decrease of 38.7% from the corresponding period in
2021. The decrease was primarily due to the decrease in general and
administrative personnel related expenses.
Loss from operations was RMB14.3
million (US$2.0 million) in
the third quarter of 2022, compared to a loss from operations of
RMB56.6 million in the third quarter
of 2021. Non-GAAP loss from operations, which excluded
share-based compensation expenses and amortization of acquired
intangible assets, was RMB12.3
million (US$1.7 million) in
the third quarter of 2022.
Net loss was RMB23.5
million (US$3.3 million) in
the third quarter of 2022, compared to a net loss of RMB36.6 million in the third quarter of 2021.
Non-GAAP net loss, which excluded share-based compensation
expenses and amortization of acquired intangible assets, was
RMB21.6 million (US$3.0 million) in the third quarter of 2022.
Net loss attributable to ordinary shareholders was
RMB22.0 million (US$3.1 million) in the third quarter of 2022,
compared to a net loss attributable to ordinary shareholders of
RMB35.1 million in the third quarter
of 2021. Non-GAAP net loss attributable to ordinary
shareholders, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB20.1 million (US$2.8
million) in the third quarter of 2022.
As of September 30, 2022, the
Company had cash and cash equivalents, restricted cash and
short-term investments of RMB949.6
million (US$133.5
million). The COVID-19 pandemic has negatively impacted
our business operations, and will continue to impact our results of
operations and cash flows for subsequent periods. Based on our
liquidity assessment and management actions, we believe that our
available cash, cash equivalents and maturity of investments will
be sufficient to meet our working capital requirements and capital
expenditures in the ordinary course of business for the next twelve
months.
[1] The
conversion of Renminbi ("RMB") into United States dollars ("US$")
is based on the exchange rate of US$1.00=RMB 7.1135 on September
30, 2022 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.
|
[2] 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.
|
Appointment of New Director
Tuniu also announced that Mr. Jie
Chen has been appointed as an independent director to the
Company's board of directors (the "Board") effective on
December 1, 2022, replacing Mr.
Jiangtao Liu who has resigned from
the Board effective on the same date. Mr. Jie Chen has also been appointed as a member of
the compensation committee of the Board, effective on December 1, 2022, replacing Mr. Jiangtao Liu. After the change, the Board is
comprised of nine members, with the majority of the members of the
Board being independent directors.
Mr. Chen currently serves as chairman of Caissa Tourism (000796.
SZ), an A-share company listed on the Shenzhen Stock Exchange. Mr.
Chen joined Caissa Tourism Group in 2002 and previously served as
the vice president of Caissa Tosun Development Co. Ltd. and general
manager of domestic operation business group, vacation business
group and product research and development center for group tours.
Mr. Chen graduated from Beijing Science Technology and Management
College in 2002.
Business Outlook
For the fourth quarter of 2022, the Company expects to generate
RMB23.5 million to RMB30.8 million of net revenues, which represents
a 58% to 68% 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
December 1, 2022, (9:00 pm, Beijing/Hong Kong Time, on December 1, 2022) to discuss the third quarter
2022 financial results.
To participate in the conference call, please dial the following
numbers:
U.S.:
|
+1-888-346-8982
|
Hong Kong:
|
+852-301-84992
|
Mainland
China:
|
4001-201203
|
International:
|
+1-412-902-4272
|
Conference
ID:
|
Tuniu 3Q 2022 Earnings
Call
|
A telephone replay will be available one hour after the end of
the conference call through December 8,
2022. The dial-in details are as follows:
U.S.:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access
Code:
|
1106089
|
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 integrated
travel service with 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 provides one-stop leisure travel solutions and a
compelling customer experience through its online platform and
offline service network, including a dedicated team of professional
customer service representatives, 24/7 call centers, extensive
networks of offline retail stores and self-operated local tour
operators. 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; the impact of the COVID-19 on
Tuniu's business operations, the travel industry and the economy of
China and elsewhere generally; 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, impairment of goodwill, other
operating income, total 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-basic and diluted, which excludes
share-based compensation expenses, amortization of acquired
intangible assets, gain on disposals of subsidiaries and impairment
of goodwill. 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, amortization of acquired
intangible assets, gain on disposals of subsidiaries and impairment
of goodwill is that share-based compensation expenses, amortization
of acquired intangible assets, gain on disposals of subsidiaries
and impairment of goodwill 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.
(Financial Tables Follow)
Tuniu
Corporation
|
Unaudited Condensed
Consolidated Balance Sheets
|
(All amounts in
thousands, except per share information)
|
|
December 31,
2021
|
|
September 30,
2022
|
|
September 30,
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
349,077
|
|
212,739
|
|
29,906
|
Restricted
cash
|
46,521
|
|
27,649
|
|
3,887
|
Short-term
investments
|
615,901
|
|
709,206
|
|
99,699
|
Accounts receivable,
net
|
111,941
|
|
127,955
|
|
17,988
|
Amounts due from
related parties
|
14,969
|
|
22,735
|
|
3,196
|
Prepayments and other
current assets
|
337,033
|
|
362,963
|
|
51,025
|
Total current
assets
|
1,475,442
|
|
1,463,247
|
|
205,701
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
Long-term
investments
|
201,947
|
|
225,967
|
|
31,766
|
Property and equipment,
net
|
98,159
|
|
91,549
|
|
12,870
|
Intangible assets,
net
|
55,376
|
|
42,538
|
|
5,980
|
Land use right,
net
|
94,652
|
|
93,105
|
|
13,088
|
Operating lease
right-of-use assets, net
|
48,115
|
|
34,015
|
|
4,782
|
Goodwill
|
232,007
|
|
117,470
|
|
16,514
|
Other non-current
assets
|
92,111
|
|
92,998
|
|
13,073
|
Total non-current
assets
|
822,367
|
|
697,642
|
|
98,073
|
Total
assets
|
2,297,809
|
|
2,160,889
|
|
303,774
|
|
|
|
|
|
|
LIABILITIES,
REDEEMABLE NONCONTROLLING INTERESTS AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Short-term
borrowings
|
9,981
|
|
8,650
|
|
1,216
|
Accounts and notes
payable
|
383,626
|
|
428,254
|
|
60,203
|
Amounts due to related
parties
|
4,679
|
|
3,857
|
|
542
|
Salary and welfare
payable
|
33,761
|
|
29,042
|
|
4,083
|
Taxes
payable
|
8,004
|
|
4,017
|
|
565
|
Advances from
customers
|
139,777
|
|
129,290
|
|
18,175
|
Operating lease
liabilities, current
|
16,556
|
|
13,348
|
|
1,876
|
Accrued expenses and
other current liabilities
|
382,629
|
|
408,964
|
|
57,491
|
Total current
liabilities
|
979,013
|
|
1,025,422
|
|
144,151
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
Operating lease
liabilities, non-current
|
38,832
|
|
27,799
|
|
3,908
|
Deferred tax
liabilities
|
12,479
|
|
9,666
|
|
1,359
|
Long-term
borrowings
|
14,344
|
|
9,999
|
|
1,406
|
Total non-current
liabilities
|
65,655
|
|
47,464
|
|
6,673
|
Total
liabilities
|
1,044,668
|
|
1,072,886
|
|
150,824
|
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
27,200
|
|
27,200
|
|
3,824
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
Ordinary
shares
|
249
|
|
249
|
|
35
|
Less: Treasury
stock
|
(293,795)
|
|
(289,044)
|
|
(40,633)
|
Additional paid-in
capital
|
9,125,748
|
|
9,125,195
|
|
1,282,800
|
Accumulated other
comprehensive income
|
271,821
|
|
307,034
|
|
43,162
|
Accumulated
deficit
|
(7,834,879)
|
|
(8,023,879)
|
|
(1,127,979)
|
Total Tuniu
Corporation shareholders' equity
|
1,269,144
|
|
1,119,555
|
|
157,385
|
Noncontrolling
interests
|
(43,203)
|
|
(58,752)
|
|
(8,259)
|
Total
equity
|
1,225,941
|
|
1,060,803
|
|
149,126
|
Total liabilities,
redeemable noncontrolling interests and equity
|
2,297,809
|
|
2,160,889
|
|
303,774
|
Tuniu
Corporation
|
Unaudited Condensed
Consolidated Statements of Comprehensive Loss
|
(All amounts in
thousands, except per share information)
|
|
Quarter Ended
|
|
Quarter Ended
|
|
Quarter Ended
|
|
Quarter Ended
|
|
September 30,
2021
|
|
June 30,
2022
|
|
September 30,
2022
|
|
September 30,
2022
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
Packaged
tours
|
90,709
|
|
9,531
|
|
41,440
|
|
5,826
|
Others
|
23,915
|
|
27,426
|
|
36,418
|
|
5,120
|
Net
revenues
|
114,624
|
|
36,957
|
|
77,858
|
|
10,946
|
Cost of
revenues
|
(74,884)
|
|
(20,440)
|
|
(32,835)
|
|
(4,616)
|
Gross
profit
|
39,740
|
|
16,517
|
|
45,023
|
|
6,330
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Research and product
development
|
(15,580)
|
|
(13,963)
|
|
(9,729)
|
|
(1,368)
|
Sales and
marketing
|
(41,668)
|
|
(24,474)
|
|
(26,502)
|
|
(3,726)
|
General and
administrative
|
(41,224)
|
|
(23,888)
|
|
(24,270)
|
|
(3,412)
|
Impairment of
goodwill
|
-
|
|
(112,102)
|
|
-
|
|
-
|
Other operating
income
|
2,106
|
|
35,059
|
|
1,222
|
|
172
|
Total operating
expenses
|
(96,366)
|
|
(139,368)
|
|
(59,279)
|
|
(8,334)
|
Loss from
operations
|
(56,626)
|
|
(122,851)
|
|
(14,256)
|
|
(2,004)
|
Other
(expenses)/income
|
|
|
|
|
|
|
|
Interest and investment
income
|
19,492
|
|
5,206
|
|
5,491
|
|
772
|
Interest
expense
|
(1,097)
|
|
(582)
|
|
(1,194)
|
|
(168)
|
Foreign exchange
gains/(losses), net
|
(463)
|
|
(11,424)
|
|
(16,167)
|
|
(2,273)
|
Other income,
net
|
686
|
|
302
|
|
2,797
|
|
393
|
Loss before income
tax expense
|
(38,008)
|
|
(129,349)
|
|
(23,329)
|
|
(3,280)
|
Income tax
benefit
|
568
|
|
21
|
|
376
|
|
53
|
Equity in (loss)/income
of affiliates
|
861
|
|
790
|
|
(551)
|
|
(77)
|
Net
loss
|
(36,579)
|
|
(128,538)
|
|
(23,504)
|
|
(3,304)
|
Net loss attributable
to noncontrolling interests
|
(1,497)
|
|
(2,019)
|
|
(1,456)
|
|
(205)
|
Net loss
attributable to Tuniu Corporation
|
(35,082)
|
|
(126,519)
|
|
(22,048)
|
|
(3,099)
|
Net loss
attributable to ordinary shareholders
|
(35,082)
|
|
(126,519)
|
|
(22,048)
|
|
(3,099)
|
|
|
|
|
|
|
|
|
Net
loss
|
(36,579)
|
|
(128,538)
|
|
(23,504)
|
|
(3,304)
|
Other comprehensive
(loss)/income:
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment, net of nil tax
|
1,685
|
|
17,277
|
|
18,066
|
|
2,540
|
Comprehensive
loss
|
(34,894)
|
|
(111,261)
|
|
(5,438)
|
|
(764)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary shareholders -
basic and diluted
|
(0.09)
|
|
(0.34)
|
|
(0.06)
|
|
(0.01)
|
Net loss per ADS -
basic and diluted*
|
(0.27)
|
|
(1.02)
|
|
(0.18)
|
|
(0.03)
|
|
|
|
|
|
|
|
|
Weighted average number
of ordinary shares used in computing
basic and diluted loss per share
|
370,956,994
|
|
371,112,997
|
|
371,274,640
|
|
371,274,640
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are as follows:
|
|
|
|
|
|
|
|
Cost of
revenues
|
214
|
|
291
|
|
24
|
|
3
|
Research and product
development
|
359
|
|
299
|
|
10
|
|
1
|
Sales and
marketing
|
332
|
|
448
|
|
31
|
|
4
|
General and
administrative
|
2,475
|
|
1,639
|
|
432
|
|
61
|
Total
|
3,380
|
|
2,677
|
|
497
|
|
69
|
|
|
|
|
|
|
|
|
*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, 2022
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Gain on
disposals
|
|
Impairment
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
of
subsidiaries
|
|
of
goodwill
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(32,835)
|
|
24
|
|
-
|
|
-
|
|
-
|
|
(32,811)
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and product
development
|
(9,729)
|
|
10
|
|
534
|
|
-
|
|
-
|
|
(9,185)
|
Sales and
marketing
|
(26,502)
|
|
31
|
|
423
|
|
-
|
|
-
|
|
(26,048)
|
General and
administrative
|
(24,270)
|
|
432
|
|
477
|
|
-
|
|
-
|
|
(23,361)
|
Other operating
income
|
1,222
|
|
-
|
|
-
|
|
-
|
|
-
|
|
1,222
|
Total operating
expenses
|
(59,279)
|
|
473
|
|
1,434
|
|
-
|
|
-
|
|
(57,372)
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(14,256)
|
|
497
|
|
1,434
|
|
-
|
|
-
|
|
(12,325)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(23,504)
|
|
497
|
|
1,434
|
|
-
|
|
-
|
|
(21,573)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(22,048)
|
|
497
|
|
1,434
|
|
-
|
|
-
|
|
(20,117)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(0.06)
|
|
|
|
|
|
|
|
|
|
(0.05)
|
Net loss per ADS -
basic and diluted
|
(0.18)
|
|
|
|
|
|
|
|
|
|
(0.15)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of ordinary shares used in
computing basic and diluted loss per share
|
371,274,640
|
|
|
|
|
|
|
|
|
|
371,274,640
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended
June 30, 2022
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Gain on
disposals
|
|
Impairment
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
of
subsidiaries
|
|
of
goodwill
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(20,440)
|
|
291
|
|
-
|
|
-
|
|
-
|
|
(20,149)
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and product
development
|
(13,963)
|
|
299
|
|
534
|
|
-
|
|
-
|
|
(13,130)
|
Sales and
marketing
|
(24,474)
|
|
448
|
|
770
|
|
-
|
|
-
|
|
(23,256)
|
General and
administrative
|
(23,888)
|
|
1,639
|
|
635
|
|
-
|
|
-
|
|
(21,614)
|
Impairment of
goodwill
|
(112,102)
|
|
-
|
|
-
|
|
-
|
|
112,102
|
|
-
|
Other operating
income
|
35,059
|
|
-
|
|
-
|
|
(32,786)
|
|
-
|
|
2,273
|
Total operating
expenses
|
(139,368)
|
|
2,386
|
|
1,939
|
|
(32,786)
|
|
112,102
|
|
(55,727)
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(122,851)
|
|
2,677
|
|
1,939
|
|
(32,786)
|
|
112,102
|
|
(38,919)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(128,538)
|
|
2,677
|
|
1,939
|
|
(32,786)
|
|
112,102
|
|
(44,606)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(126,519)
|
|
2,677
|
|
1,939
|
|
(32,786)
|
|
112,102
|
|
(42,587)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(0.34)
|
|
|
|
|
|
|
|
|
|
(0.11)
|
Net loss per ADS -
basic and diluted
|
(1.02)
|
|
|
|
|
|
|
|
|
|
(0.33)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of ordinary shares used in
computing basic and diluted loss per share
|
371,112,997
|
|
|
|
|
|
|
|
|
|
371,112,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended
September 30, 2021
|
|
GAAP
Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Gain on
disposals
|
|
Impairment
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible
assets
|
|
of
subsidiaries
|
|
of
goodwill
|
|
Result
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(74,884)
|
|
214
|
|
-
|
|
-
|
|
-
|
|
(74,670)
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and product
development
|
(15,580)
|
|
359
|
|
616
|
|
-
|
|
-
|
|
(14,605)
|
Sales and
marketing
|
(41,668)
|
|
332
|
|
1,065
|
|
-
|
|
-
|
|
(40,271)
|
General and
administrative
|
(41,224)
|
|
2,475
|
|
652
|
|
-
|
|
-
|
|
(38,097)
|
Other operating
income
|
2,106
|
|
-
|
|
-
|
|
-
|
|
-
|
|
2,106
|
Total operating
expenses
|
(96,366)
|
|
3,166
|
|
2,333
|
|
-
|
|
-
|
|
(90,867)
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(56,626)
|
|
3,380
|
|
2,333
|
|
-
|
|
-
|
|
(50,913)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(36,579)
|
|
3,380
|
|
2,333
|
|
-
|
|
-
|
|
(30,866)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(35,082)
|
|
3,380
|
|
2,333
|
|
-
|
|
-
|
|
(29,369)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic and diluted
|
(0.09)
|
|
|
|
|
|
|
|
|
|
(0.08)
|
Net loss per ADS -
basic and diluted
|
(0.27)
|
|
|
|
|
|
|
|
|
|
(0.24)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of ordinary shares used in
computing basic and diluted loss per share
|
370,956,994
|
|
|
|
|
|
|
|
|
|
370,956,994
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Basic net loss per
ordinary share attributable to ordinary shareholders is calculated
by dividing net loss attributable to ordinary shareholders by the
weighted average number of
ordinary shares outstanding during the periods. Diluted net loss
per ordinary share attributable to ordinary shareholders is
calculated by dividing net 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:https://www.prnewswire.com/news-releases/tuniu-announces-unaudited-third-quarter-2022-financial-results-301691176.html
SOURCE Tuniu Corporation