NANJING, China, Aug. 23,
2021 /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 second quarter ended
June 30, 2021.
Highlights for the Second Quarter of 2021
- Net revenues in the second quarter of 2021 increased by 373.1%
year-over-year to RMB161.0 million
(US$24.9 million[1]).
- Revenues from package tours in the second quarter of 2021
increased by 906.9% year-over-year to RMB126.5 million (US$19.6
million).
- Operating expenses in the second quarter of 2021 decreased by
39.8% year-over-year to RMB95.1
million (US$14.7
million).
"Our business saw a strong recovery in the second quarter, as we
achieved revenue growth for the first time since the COVID-19
outbreak and returned to positive operating cash flow." said Mr.
Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive
Officer. "We continue to be guided by our 'customer first'
principle as we improve our products and services based on customer
demand in order to maintain sustainable growth and seize
opportunities amidst the evolving industry environment. In the face
of temporary challenges, we will always prioritize customers and
work to gain their long-term support and trust through our
consistent high-quality service."
[1] The conversion of
Renminbi ("RMB") into United States dollars ("US$") is based on the
exchange rate of US$1.00=RMB 6.4566 on June 30, 2021 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.
|
Second Quarter 2021 Results
Net revenues were RMB161.0
million (US$24.9 million) in
the second quarter of 2021, representing a year-over-year increase
of 373.1% from the corresponding period in 2020. The increase was
primarily due to the growth in revenues from packaged tours.
- Revenues from packaged tours were RMB126.5 million (US$19.6
million) in the second quarter of 2021, representing a
year-over-year increase of 906.9% from the corresponding period in
2020. The increase was primarily due to the growth in demand for
domestic tours.
- Other revenues were RMB34.5
million (US$5.3 million) in
the second quarter of 2021, representing a year-over-year increase
of 60.6% from the corresponding period in 2020. The increase was
primarily due to a rise in commission fees received from other
travel-related products and service fees received from insurance
companies.
Cost of revenues was RMB92.0
million (US$14.2 million) in
the second quarter of 2021, representing a year-over-year increase
of 249.8% from the corresponding period in 2020. As a percentage of
net revenues, cost of revenues was 57.1% in the second quarter of
2021, compared to 77.3% in the corresponding period in 2020.
Gross profit was RMB69.0
million (US$10.7 million) in
the second quarter of 2021, representing a year-over-year increase
of 792.2% from the corresponding period in 2020.
Operating expenses were RMB95.1
million (US$14.7 million) in
the second quarter of 2021, representing a year-over-year decrease
of 39.8% from the corresponding period in 2020. Share-based
compensation expenses and amortization of acquired intangible
assets, which were allocated to operating expenses, were
RMB5.6 million (US$0.9 million) in the second quarter of 2021.
Non-GAAP[2] operating expenses, which
excluded share-based compensation expenses and amortization of
acquired intangible assets, were RMB89.6
million (US$13.9 million) in
the second quarter of 2021, representing a year-over-year decrease
of 35.5%.
- Research and product development expenses were
RMB13.8 million (US$2.1 million) in the second quarter of 2021,
representing a year-over-year decrease of 33.4%. Non-GAAP
research and product development expenses, which excluded
share-based compensation expenses and amortization of acquired
intangible assets of RMB0.9 million
(US$0.1 million), were RMB12.9 million (US$2.0
million) in the second quarter of 2021, representing a
year-over-year decrease of 32.2% from the corresponding period in
2020. The decrease was primarily due to the decrease in research
and product development personnel related expenses.
- Sales and marketing expenses were RMB44.8 million (US$6.9
million) in the second quarter of 2021, representing a
year-over-year decrease of 46.8%. Non-GAAP sales and marketing
expenses, which excluded share-based compensation expenses and
amortization of acquired intangible assets of RMB1.1 million (US$0.2
million), were RMB43.7 million
(US$6.8 million) in the second
quarter of 2021, representing a year-over-year decrease of 36.9%
from the corresponding period in 2020. The decrease was primarily
due to the decrease in sales and marketing personnel related
expenses and amortization of acquired intangible assets.
- General and administrative expenses were RMB41.5 million (US$6.4
million) in the second quarter of 2021, representing a
year-over-year decrease of 31.8%. Non-GAAP general and
administrative expenses, which excluded share-based
compensation expenses and amortization of acquired intangible
assets of RMB3.6 million
(US$0.6 million), were RMB37.9 million (US$5.9
million) in the second quarter of 2021, representing a
year-over-year decrease of 35.1% from the corresponding period in
2020. The decrease was primarily due to the decrease in general and
administrative personnel related expenses.
Loss from operations was RMB26.2 million (US$4.1
million) in the second quarter of 2021, compared to a loss
from operations of RMB150.3 million
in the second quarter of 2020. Non-GAAP loss from
operations, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB20.5 million (US$3.2
million) in the second quarter of 2021.
[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.
|
Net loss was RMB14.0
million (US$2.2 million) in
the second quarter of 2021, compared to a net loss of RMB154.6 million in the second quarter of 2020.
Non-GAAP net loss, which excluded share-based compensation
expenses and amortization of acquired intangible assets, was
RMB8.4 million (US$1.3 million) in the second quarter of
2021.
Net loss attributable to ordinary shareholders was
RMB13.1 million (US$2.0 million) in the second quarter of 2021,
compared to a net loss attributable to ordinary shareholders of
RMB147.6 million in the second
quarter of 2020. Non-GAAP net loss attributable to ordinary
shareholders, which excluded share-based compensation expenses
and amortization of acquired intangible assets, was RMB7.4 million (US$1.2
million) in the second quarter of 2021.
As of June 30, 2021, the Company
had cash and cash equivalents, restricted cash and short-term
investments of RMB1.1 billion
(US$175.0 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.
Business Outlook
For the third quarter of 2021, the Company expects to generate
RMB111.2 million to RMB123.5 million of net revenues, which
represents 0% 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
August 23, 2021, (8:00 pm, Beijing/Hong Kong Time, on August 23, 2021) to discuss the second quarter
2021 financial results.
To participate in the conference call, please dial the following
numbers:
US:
1-866-548-4713
|
Hong
Kong: 800-961-105 /
+852-3008-1527
|
Mainland
China: 4001-209101
|
International: +1-323-794-2093
|
Conference ID: Tuniu 2Q 2021 Earnings Call
A telephone replay will be available from 11:00 am on August 23,
2021 through 11:00 am on
August 30, 2021, U.S. Eastern Time.
The dial-in details are as follows:
US:
1-888-203-1112
|
Hong
Kong: +852-5808-3200
|
Mainland
China: 4001-201651
|
International: +1-719-457-0820
|
Replay Access Code: 2526033
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
covers 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, 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, 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
and impairment 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, amortization of acquired
intangible assets and impairment of acquired intangible assets is
that share-based compensation expenses, amortization of acquired
intangible assets and impairment 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.
(Financial Tables Follow)
|
|
|
|
|
|
Tuniu
Corporation
|
Unaudited
Condensed Consolidated Balance Sheets
|
(All amounts in
thousands, except per share information)
|
|
December 31, 2020
|
|
June 30, 2021
|
|
June 30, 2021
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
213,538
|
|
427,379
|
|
66,193
|
Restricted
cash
|
50,566
|
|
33,996
|
|
5,265
|
Short-term
investments
|
1,353,670
|
|
668,565
|
|
103,548
|
Accounts
receivable, net
|
264,134
|
|
253,196
|
|
39,215
|
Amounts due
from related parties
|
23,913
|
|
20,349
|
|
3,152
|
Prepayments
and other current assets
|
378,704
|
|
440,713
|
|
68,258
|
Total current
assets
|
2,284,525
|
|
1,844,198
|
|
285,631
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
Long-term
investments
|
266,866
|
|
230,118
|
|
35,641
|
Property and
equipment, net
|
111,697
|
|
108,561
|
|
16,814
|
Intangible
assets, net
|
71,362
|
|
63,430
|
|
9,824
|
Land use
right, net
|
96,713
|
|
95,682
|
|
14,819
|
Operating
lease right-of-use assets, net
|
42,293
|
|
60,757
|
|
9,410
|
Goodwill
|
232,007
|
|
232,007
|
|
35,933
|
Other
non-current assets
|
91,180
|
|
96,646
|
|
14,969
|
Total non-current
assets
|
912,118
|
|
887,201
|
|
137,410
|
Total
assets
|
3,196,643
|
|
2,731,399
|
|
423,041
|
|
|
|
|
|
|
LIABILITIES,
REDEEMABLE NONCONTROLLING INTERESTS
AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Short-term
borrowings
|
60,679
|
|
20,250
|
|
3,136
|
Accounts and
notes payable
|
705,838
|
|
654,215
|
|
101,325
|
Amounts due to
related parties
|
21,034
|
|
4,521
|
|
700
|
Salary and
welfare payable
|
47,487
|
|
41,220
|
|
6,384
|
Taxes
payable
|
6,004
|
|
3,312
|
|
513
|
Advances from
customers
|
208,762
|
|
231,598
|
|
35,870
|
Operating
lease liabilities, current
|
18,264
|
|
19,226
|
|
2,978
|
Accrued
expenses and other current liabilities
|
676,501
|
|
351,178
|
|
54,391
|
Total current
liabilities
|
1,744,569
|
|
1,325,520
|
|
205,297
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
Operating
lease liabilities, non-current
|
34,367
|
|
46,699
|
|
7,233
|
Deferred tax
liabilities
|
14,861
|
|
13,609
|
|
2,108
|
Long-term
borrowings
|
22,577
|
|
17,599
|
|
2,726
|
Other
non-current liabilities
|
3,054
|
|
3,054
|
|
473
|
Total non-current
liabilities
|
74,859
|
|
80,961
|
|
12,540
|
Total
liabilities
|
1,819,428
|
|
1,406,481
|
|
217,837
|
|
|
|
|
|
|
Redeemable
noncontrolling interests
|
27,200
|
|
27,200
|
|
4,213
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
Ordinary
shares
|
249
|
|
249
|
|
39
|
Less: Treasury
stock
|
(302,916)
|
|
(295,622)
|
|
(45,786)
|
Additional
paid-in capital
|
9,125,689
|
|
9,123,080
|
|
1,412,985
|
Accumulated
other comprehensive income
|
275,012
|
|
274,270
|
|
42,479
|
Accumulated
deficit
|
(7,713,355)
|
|
(7,765,901)
|
|
(1,202,785)
|
Total Tuniu
Corporation shareholders' equity
|
1,384,679
|
|
1,336,076
|
|
206,932
|
Noncontrolling
interests
|
(34,664)
|
|
(38,358)
|
|
(5,941)
|
Total
equity
|
1,350,015
|
|
1,297,718
|
|
200,991
|
Total liabilities,
redeemable noncontrolling interests and equity
|
3,196,643
|
|
2,731,399
|
|
423,041
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
June 30, 2020
|
|
March 31, 2021
|
|
June 30, 2021
|
|
June 30, 2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
Packaged
tours
|
12,563
|
|
45,361
|
|
126,502
|
|
19,593
|
Others
|
21,461
|
|
31,999
|
|
34,459
|
|
5,337
|
Net
revenues
|
34,024
|
|
77,360
|
|
160,961
|
|
24,930
|
Cost of
revenues
|
(26,292)
|
|
(48,706)
|
|
(91,975)
|
|
(14,245)
|
Gross
profit
|
7,732
|
|
28,654
|
|
68,986
|
|
10,685
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Research and
product development
|
(20,647)
|
|
(11,791)
|
|
(13,757)
|
|
(2,131)
|
Sales and
marketing
|
(84,255)
|
|
(35,418)
|
|
(44,795)
|
|
(6,938)
|
General and
administrative
|
(60,952)
|
|
(44,744)
|
|
(41,541)
|
|
(6,434)
|
Other
operating income
|
7,774
|
|
8,437
|
|
4,950
|
|
767
|
Total operating
expenses
|
(158,080)
|
|
(83,516)
|
|
(95,143)
|
|
(14,736)
|
Loss from
operations
|
(150,348)
|
|
(54,862)
|
|
(26,157)
|
|
(4,051)
|
Other
income/(expenses)
|
|
|
|
|
|
|
|
Interest and
investment income
|
7,061
|
|
15,283
|
|
9,095
|
|
1,409
|
Interest
expense
|
(9,627)
|
|
(2,636)
|
|
(1,944)
|
|
(301)
|
Foreign
exchange (losses)/gains, net
|
(4,184)
|
|
(1,249)
|
|
4,289
|
|
664
|
Other income,
net
|
1,323
|
|
1,086
|
|
664
|
|
103
|
Loss before income
tax expense
|
(155,775)
|
|
(42,378)
|
|
(14,053)
|
|
(2,176)
|
Income tax
benefit
|
934
|
|
618
|
|
134
|
|
21
|
Equity in income of
affiliates
|
215
|
|
129
|
|
(95)
|
|
(15)
|
Net
loss
|
(154,626)
|
|
(41,631)
|
|
(14,014)
|
|
(2,170)
|
Net loss attributable
to noncontrolling interests
|
(7,073)
|
|
(2,150)
|
|
(949)
|
|
(147)
|
Net income
attributable to redeemable noncontrolling interests
|
142
|
|
-
|
|
-
|
|
-
|
Net loss
attributable to Tuniu Corporation
|
(147,695)
|
|
(39,481)
|
|
(13,065)
|
|
(2,023)
|
Reversal of
redeemable noncontrolling interests
|
81
|
|
-
|
|
-
|
|
-
|
Net loss
attributable to ordinary shareholders
|
(147,614)
|
|
(39,481)
|
|
(13,065)
|
|
(2,023)
|
|
|
|
|
|
|
|
|
Net
loss
|
(154,626)
|
|
(41,631)
|
|
(14,014)
|
|
(2,170)
|
Other comprehensive
(loss)/income:
|
|
|
|
|
|
|
|
Foreign
currency translation adjustment, net of nil tax
|
(271)
|
|
3,647
|
|
(4,389)
|
|
(680)
|
Comprehensive
loss
|
(154,897)
|
|
(37,984)
|
|
(18,403)
|
|
(2,850)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary shareholders - basic and
diluted
|
(0.40)
|
|
(0.11)
|
|
(0.04)
|
|
(0.01)
|
Net loss per ADS -
basic and diluted*
|
(1.20)
|
|
(0.33)
|
|
(0.12)
|
|
(0.03)
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares used in computing basic and diluted loss
per share
|
370,145,186
|
|
370,590,545
|
|
370,929,055
|
|
370,929,055
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included are as follows:
|
|
|
|
|
|
|
|
Cost of
revenues
|
189
|
|
54
|
|
44
|
|
7
|
Research and
product development
|
832
|
|
153
|
|
76
|
|
12
|
Sales and
marketing
|
147
|
|
122
|
|
61
|
|
9
|
General and
administrative
|
1,759
|
|
1,201
|
|
2,928
|
|
453
|
Total
|
2,927
|
|
1,530
|
|
3,109
|
|
481
|
|
|
|
|
|
|
|
|
*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 June 30,
2021
|
|
GAAP Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(91,975)
|
|
44
|
|
-
|
|
(91,931)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(13,757)
|
|
76
|
|
782
|
|
(12,899)
|
Sales and
marketing
|
(44,795)
|
|
61
|
|
1,065
|
|
(43,669)
|
General and
administrative
|
(41,541)
|
|
2,928
|
|
681
|
|
(37,932)
|
Other operating
income
|
4,950
|
|
-
|
|
-
|
|
4,950
|
Total operating
expenses
|
(95,143)
|
|
3,065
|
|
2,528
|
|
(89,550)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(26,157)
|
|
3,109
|
|
2,528
|
|
(20,520)
|
|
|
|
|
|
|
|
|
Net loss
|
(14,014)
|
|
3,109
|
|
2,528
|
|
(8,377)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(13,065)
|
|
3,109
|
|
2,528
|
|
(7,428)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary
shareholders - basic
and diluted
|
(0.04)
|
|
|
|
|
|
(0.02)
|
Net loss per ADS -
basic and diluted
|
(0.12)
|
|
|
|
|
|
(0.06)
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares used
in computing basic
and diluted loss per share
|
370,929,055
|
|
|
|
|
|
370,929,055
|
|
|
|
|
|
|
|
|
|
Quarter Ended March 31,
2021
|
|
GAAP Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(48,706)
|
|
54
|
|
-
|
|
(48,652)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(11,791)
|
|
153
|
|
782
|
|
(10,856)
|
Sales and
marketing
|
(35,418)
|
|
122
|
|
1,065
|
|
(34,231)
|
General and
administrative
|
(44,744)
|
|
1,201
|
|
681
|
|
(42,862)
|
Other operating
income
|
8,437
|
|
-
|
|
-
|
|
8,437
|
Total operating
expenses
|
(83,516)
|
|
1,476
|
|
2,528
|
|
(79,512)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(54,862)
|
|
1,530
|
|
2,528
|
|
(50,804)
|
|
|
|
|
|
|
|
|
Net loss
|
(41,631)
|
|
1,530
|
|
2,528
|
|
(37,573)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(39,481)
|
|
1,530
|
|
2,528
|
|
(35,423)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary shareholders - basic and
diluted
|
(0.11)
|
|
|
|
|
|
(0.10)
|
Net loss per ADS -
basic and diluted
|
(0.33)
|
|
|
|
|
|
(0.30)
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares used in computing basic and diluted loss
per share
|
370,590,545
|
|
|
|
|
|
370,590,545
|
|
|
|
|
|
|
|
|
|
Quarter Ended June 30,
2020
|
|
GAAP Result
|
|
Share-based
|
|
Amortization of
acquired
|
|
Non-GAAP
|
|
|
Compensation
|
|
intangible assets
|
|
Result
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(26,292)
|
|
189
|
|
-
|
|
(26,103)
|
|
|
|
|
|
|
|
|
Research and product
development
|
(20,647)
|
|
832
|
|
782
|
|
(19,033)
|
Sales and
marketing
|
(84,255)
|
|
147
|
|
14,915
|
|
(69,193)
|
General and
administrative
|
(60,952)
|
|
1,759
|
|
709
|
|
(58,484)
|
Other operating
income
|
7,774
|
|
-
|
|
-
|
|
7,774
|
Total operating
expenses
|
(158,080)
|
|
2,738
|
|
16,406
|
|
(138,936)
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(150,348)
|
|
2,927
|
|
16,406
|
|
(131,015)
|
|
|
|
|
|
|
|
|
Net loss
|
(154,626)
|
|
2,927
|
|
16,406
|
|
(135,293)
|
|
|
|
|
|
|
|
|
Net loss attributable
to ordinary shareholders
|
(147,614)
|
|
2,927
|
|
16,406
|
|
(128,281)
|
|
|
|
|
|
|
|
|
Net loss per ordinary
share attributable to ordinary shareholders - basic and
diluted
|
(0.40)
|
|
|
|
|
|
(0.35)
|
Net loss per ADS -
basic and diluted
|
(1.20)
|
|
|
|
|
|
(1.05)
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares used in computing basic and diluted loss
per share
|
370,145,186
|
|
|
|
|
|
370,145,186
|
|
|
|
|
|
|
|
|
*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-second-quarter-2021-financial-results-301360398.html
SOURCE Tuniu