Tuniu Stock Price, News & Analysis

Tuniu Corporation (Nasdaq: TOUR) announced it has regained compliance with Nasdaq's Minimum Bid Price Requirement as of July 15, 2022. The company received a Compliance Notice after meeting the necessary bid price of at least $1.00 per American depositary share (ADS) for 10 consecutive business days, starting June 30 through July 14, 2022. This follows a previous Deficiency Notice issued on April 13, 2022, due to a bid price drop below the $1.00 threshold. Tuniu is a leading online leisure travel company in China, offering diverse travel services.

Tuniu Corporation (NASDAQ:TOUR) reported its Q1 2022 results, revealing net revenues of RMB41.5 million (US$6.5 million), down 46.4% year-over-year, primarily due to COVID-19's impact. Packaged tour revenues plummeted 68.3%, while other revenues decreased 15.3%. Operating expenses fell 17.8%, marking five consecutive quarters of reduction. The company posted a net loss of RMB41.7 million (US$6.6 million). For Q2 2022, Tuniu forecasts net revenues between RMB32.2 million and RMB40.2 million, anticipating a 75%-80% year-over-year decline.

Tuniu Corporation (Nasdaq: TOUR) has been provisionally identified by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA) as of May 4, 2022. This identification indicates Tuniu used a registered public accounting firm whose working papers cannot be fully inspected by the PCAOB, leading to potential trading prohibitions in the U.S. if it fails to comply for three consecutive years. Tuniu is exploring solutions to maintain its Nasdaq listing while adhering to applicable regulations.

Tuniu Corporation (NASDAQ:TOUR), a leading online leisure travel company in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC. The report can be accessed on the Company’s investor relations website. Shareholders can request a hard copy of the report containing audited financial statements free of charge. Tuniu offers a diverse range of packaged tours and travel-related services, covering over 420 cities in China and popular destinations worldwide.

Tuniu Corporation (Nasdaq: TOUR) received a notification from Nasdaq indicating its American depositary shares (ADSs) have been below the US$1.00 minimum bid price for 30 consecutive business days as of April 13, 2022. Tuniu has until October 10, 2022, to regain compliance, with the potential for an additional 180-day extension if needed. The notification will not impact the company's business operations, and Tuniu is committed to regaining compliance.

Tuniu Corporation (NASDAQ:TOUR) announced its fourth quarter and fiscal year 2021 results, reporting net revenues of RMB73.4 million (US$11.5 million), down 38.2% year-over-year, mainly due to COVID-19 impacts. Despite challenges, the company achieved a gross margin of 46.5% and reduced operating expenses by over 91.9%. The net loss in Q4 narrowed significantly to RMB36.2 million (US$5.7 million). For 2022, Tuniu expects continued integration and digitalization efforts. However, it anticipates first quarter revenues will decline by 45% to 55% year-over-year.

Tuniu Corporation (NASDAQ:TOUR) has announced its plans to release its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2021, prior to market opening on March 17, 2022. Management will conduct an earnings conference call on the same day at 8:00 AM U.S. Eastern Time. The call will be accessible via various international dial-in numbers. Additionally, a replay will be available until March 24, 2022. Tuniu is a leading online travel company in China, offering packaged tours and travel-related services through its platform.

Tuniu Corporation (Nasdaq:TOUR) announced that key executives, including CEO Donald Dunde Yu, plan to purchase up to $2 million of the Company's American depositary shares (ADS) over the next six months. Despite setbacks in the travel industry due to Covid-19, the management remains confident in the long-term prospects for both Tuniu and the overall market. The company aims to enhance its competitive advantages and improve product offerings in response to market recovery.

Tuniu Corporation (NASDAQ: TOUR) reported its unaudited financial results for Q3 2021, showing net revenues of RMB114.6 million (US$17.8 million), a 7.2% decline year-over-year. Revenues from packaged tours increased by 5.0% to RMB90.7 million, yet other revenues fell by 35.6%. The company's gross profit decreased by 38.9% to RMB39.7 million. Operating expenses decreased 24.6%, contributing to a narrower net loss of RMB36.6 million versus RMB62.1 million in the same quarter last year. Tuniu expects Q4 revenues to decline by 45% to 55% year-over-year.