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Tuniu reports 80.9% increase in 2017 gross profit

2018/3/14 22:48:41
Tuniu Corporation (the Company), a leading online leisure travel company in China, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2017.

Highlights for Q4 2017

Net revenues in the fourth quarter of 2017 were RMB 469.9 million (USD 72.2 million), an increase of 46.1% year-over-year when compared with Non-GAAP net revenues in the fourth quarter of 2016.

Gross profit in the fourth quarter of 2017 was RMB 235.2 million (USD 36.1 million), an increase of 39.6% year-over-year when compared with Non-GAAP gross profit in the fourth quarter of 2016.

Highlights for FY 2017 and Recent Development

Net revenues in 2017 were RMB2.2 billion (USD 336.9 million), an increase of 53.3% year-over-year when compared with Non-GAAP net revenues in 2016.

Gross profit in 2017 was RMB 1.2 billion (USD 179.5 million), an increase of 80.9% year-over-year when compared with Non-GAAP gross profit in 2016.

Operating expenses were RMB2.1 billion (USD 315.3 million) in 2017, a decrease of 34.6% year-over-year from 2016.

Net loss was RMB 771.3 million (USD 118.6 million) in 2017, compared to a net loss of RMB2.4 billion in 2016.

As of February 28, 2018, Tuniu had 14 local tour operators in total, among which 12 are located in China and 2 are located overseas.
Author:管理员

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