Tuniu Stock Price, News & Analysis

Tuniu Corporation (NASDAQ: TOUR) reported its unaudited financial results for Q4 and FY 2022, highlighting significant challenges due to COVID-19. In Q4, net revenues fell by 62.8% year-over-year to RMB 27.3 million (US$4.0 million), with packaged tour revenues dropping 88.4%. Fiscal year revenues decreased 56.9% to RMB 183.6 million (US$26.6 million). Operating losses worsened, with a net loss of RMB 203.0 million (US$29.4 million). However, Tuniu anticipates a 45%-55% revenue increase in Q1 2023, indicating potential recovery.

Tuniu Corporation (NASDAQ:TOUR), a leading online leisure travel company in China, will release its unaudited financial results for Q4 and the fiscal year ending December 31, 2022, on March 17, 2023, before market opens. An earnings conference call is scheduled for the same day at 8:00 AM U.S. Eastern Time. The call can be accessed via various dialing options for U.S., Hong Kong, and Mainland China listeners. Tuniu provides a comprehensive range of travel services, including packaged tours, via its website and mobile platform, aiming to enhance the leisure travel experience.

Tuniu Corporation (Nasdaq: TOUR), a leading online leisure travel company in China, announced it has regained compliance with the Nasdaq Listing Rule 5450(a)(1), concerning the Minimum Bid Price Requirement. This follows a Deficiency Notice received on September 19, 2022, due to its American depositary shares (ADSs) trading below the required $1.00 for 30 consecutive business days. From November 29 to December 12, 2022, Tuniu's ADSs met the threshold, allowing Nasdaq to confirm compliance on December 13, 2022. This matter is now resolved.

Tuniu Corporation (NASDAQ:TOUR) reported Q3 2022 unaudited financial results, showing net revenues of RMB77.9 million (US$10.9 million), down 32.1% year-over-year due to COVID-19 impacts. Packaged tours revenue fell 54.3%, while other revenues rose 52.3%. Gross margin improved to 57.8% from 34.7% in 2021. The company expects Q4 revenues between RMB23.5 million and RMB30.8 million, reflecting a 58% to 68% year-over-year decrease. Tuniu also appointed Mr. Jie Chen as an independent director.

Tuniu Corporation (NASDAQ:TOUR) plans to release its unaudited financial results for the third quarter ended September 30, 2022, before market opens on December 1, 2022. An earnings conference call will take place at 8:00 am U.S. Eastern Time on the same day. Interested parties can access the call via provided telephone numbers. Tuniu is a leading online leisure travel company in China, offering a wide range of travel services and solutions through its platform, covering over 420 cities in China and popular global destinations.

Tuniu Corporation (Nasdaq: TOUR), a leading online leisure travel company in China, received a notification from Nasdaq indicating that its American depositary shares (ADSs) have been below the minimum bid price of $1.00 for 30 consecutive business days. The Company has until March 20, 2023, to regain compliance. If the ADSs close at $1.00 or higher for ten consecutive business days during this period, Nasdaq will confirm compliance. If not, Tuniu may be eligible for an additional 180-day compliance period. The notification does not impact current trading or business operations.

Tuniu Corporation (NASDAQ: TOUR) reported its Q2 2022 financial results, revealing a substantial decline in net revenues to RMB 37.0 million (US$5.5 million), down 77% year-over-year due to COVID-19's resurgence. Packaged tour revenues plummeted by 92.5%, while other revenues decreased by 20.4%. Operating expenses surged 46.5% to RMB 139.4 million (US$20.8 million), driven by impairment of goodwill totaling RMB 112.1 million (US$16.7 million). A net loss of RMB 128.5 million (US$19.2 million) was reported. For Q3 2022, Tuniu anticipates net revenues of RMB 74.5 million to RMB 80.2 million, reflecting a 30%-35% decrease year-over-year.