Tuniu Corp ( (TOUR) ) has released its Q4 earnings. Here is a breakdown of the information Tuniu Corp presented to its investors.
Tuniu Corporation is a prominent online leisure travel company in China, offering a wide range of travel services, including packaged tours and travel-related services, through its online and offline platforms.
Tuniu Corporation has reported its unaudited financial results for the fourth quarter and fiscal year 2024, highlighting a significant turnaround with its first full-year GAAP profit since listing on Nasdaq. The company also announced a cash dividend for its shareholders.
For the fiscal year 2024, Tuniu’s revenues from package tours increased by 22.2% to RMB407.5 million, while gross profit rose by 21.9% to RMB358.0 million. The company achieved a net income of RMB83.7 million, a stark contrast to the net loss of RMB101.1 million in 2023. In the fourth quarter, despite a slight increase in revenues, the company reported a net loss of RMB25.1 million, although this was a significant improvement from the previous year’s loss.
Tuniu’s strategic focus on strengthening its supply chain and embracing new media channels has contributed to its financial success. The company has also been active in share repurchase, having bought back approximately 7.9 million ADSs worth US$7.3 million.
Looking ahead, Tuniu’s management remains optimistic about continued innovation and high-quality development, with an expected revenue increase of 8% to 13% in the first quarter of 2025, reflecting a positive outlook for the company’s future growth and market position.