The Zhitong Finance App learned that before the US stock market on March 17, Tuniu (TOUR.US) announced financial results for the fourth quarter and full year of 2022. Financial reports show that Tuniu Q4's net revenue was 27.3 million yuan (RMB, same below), a year-on-year decrease of 62.8%, mainly affected by the COVID-19 pandemic.

By business, group travel business revenue was 5 million yuan, down 88.4% year on year; revenue from other businesses was 22.4 million yuan, down 27% year on year.

Net loss was 9.3 million yuan, net loss for the same period last year was 36.2 million yuan; net loss attributable to common shareholders was 4.4 million yuan, compared to 33.9 million yuan for the same period last year.

The basic and diluted loss per share attributable to common stock shareholders was $0.01, compared to a loss of $0.09 for the same period last year; the basic and diluted loss per ADS was $0.03, compared to a loss of $0.27 for the same period last year.

The gross margin was 44.6% compared to 46.5% in the same period last year.

As of December 31, 2022, the company held cash, cash equivalents, restricted cash and short-term investments of $922.3 million.

Looking ahead, Tuniu expects net revenue for the first quarter of 2023 to be 60.1 million yuan to 64.3 million yuan, an increase of 45%-55% over the previous year.