Tuniu's net profit for the third quarter was 45.5 million yuan, and net revenue increased 128.9% year on year

Breakings ·  11/21/2023 19:22
On November 21, Tuniu Travel Network announced the unaudited results report for the third quarter ending September 30, 2023. According to financial data, in the third quarter of this year, Tuniu's net revenue was 178 million yuan, up 128.9% year on year; packaged travel product revenue was 150 million yuan, up 262.1% year on year; and net profit from non-US accounting standards was 45.5 million yuan, with net profit improving year on year. In the third quarter, Tuniu's operating costs were RMB 63.4 million, up 93.2% from the same period in 2022. Operating costs accounted for 35.6% of net revenue and 42.2% for the same period in 2022. As of September 30, 2023, the company's holdings of cash and cash equivalents, limited-use cash, and short-term investments totaled RMB 1.2 billion. Tuniu Travel Network predicts that in the fourth quarter of 2023, net revenue will be 87.4 million to 92.9 million yuan, an increase of 220% to 240% over the previous year.

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment