Home > > Chinese OTA Tuniu posts 373% net revenue increase in Q2

Chinese OTA Tuniu posts 373% net revenue increase in Q2

08/23/2021| 6:32:57 PM| ChinaTravelNews

Net loss was USD 2.2 million in the second quarter of 2021, compared to a net loss of RMB154.6 million in the second quarter of 2020.

Tuniu Corporation, a leading online leisure travel company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.

Net revenues were RMB161.0 million (USD 24.9 million) in the second quarter of 2021, representing a year-over-year increase of 373.1% from the corresponding period in 2020. 

Revenues from packaged tours were RMB126.5 million (USD 19.6 million) in the second quarter of 2021, representing a year-over-year increase of 906.9% from the corresponding period in 2020. 

Other revenues were RMB34.5 million (USD 5.3 million) in the second quarter of 2021, representing a year-over-year increase of 60.6% from the corresponding period in 2020. 

Gross profit was RMB69.0 million (USD 10.7 million) in the second quarter of 2021, representing a year-over-year increase of 792.2% from the corresponding period in 2020.

Net loss was RMB14.0 million (USD 2.2 million) in the second quarter of 2021, compared to a net loss of RMB154.6 million in the second quarter of 2020. 

Operating expenses in the second quarter of 2021 decreased by 39.8% year-over-year to RMB95.1 million (USD 14.7 million).

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.

TAGS: Tuniu | financial report
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