Tuniu Corp
NASDAQ:TOUR
Income Statement
Earnings Waterfall
Tuniu Corp
Revenue
|
368.7m
CNY
|
Cost of Revenue
|
-137.4m
CNY
|
Gross Profit
|
231.3m
CNY
|
Operating Expenses
|
-230.1m
CNY
|
Operating Income
|
1.2m
CNY
|
Other Expenses
|
27.5m
CNY
|
Net Income
|
28.7m
CNY
|
Income Statement
Tuniu Corp
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 772
N/A
|
1 950
+10%
|
2 159
+11%
|
2 488
+15%
|
3 093
+24%
|
3 535
+14%
|
4 205
+19%
|
5 007
+19%
|
6 679
+33%
|
7 671
+15%
|
8 494
+11%
|
9 410
+11%
|
10 499
+12%
|
10 531
+0%
|
8 916
-15%
|
6 942
-22%
|
3 676
-47%
|
2 192
-40%
|
2 217
+1%
|
2 282
+3%
|
2 239
-2%
|
2 240
+0%
|
2 217
-1%
|
2 212
0%
|
2 301
+4%
|
2 281
-1%
|
1 998
-12%
|
1 512
-24%
|
783
-48%
|
450
-43%
|
354
-21%
|
481
+36%
|
472
-2%
|
426
-10%
|
391
-8%
|
267
-32%
|
230
-14%
|
184
-20%
|
205
+12%
|
268
+31%
|
369
+37%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 655)
|
(1 830)
|
(2 023)
|
(2 340)
|
(2 911)
|
(3 309)
|
(3 970)
|
(4 742)
|
(6 326)
|
(7 309)
|
(8 092)
|
(8 951)
|
(9 963)
|
(9 892)
|
(8 117)
|
(6 031)
|
(2 568)
|
(1 024)
|
(1 037)
|
(1 092)
|
(1 099)
|
(1 065)
|
(1 053)
|
(1 066)
|
(1 166)
|
(1 200)
|
(1 075)
|
(814)
|
(401)
|
(237)
|
(204)
|
(270)
|
(286)
|
(255)
|
(232)
|
(160)
|
(118)
|
(94)
|
(93)
|
(107)
|
(137)
|
|
Gross Profit |
117
N/A
|
120
+2%
|
136
+13%
|
147
+8%
|
182
+23%
|
226
+24%
|
235
+4%
|
265
+13%
|
353
+33%
|
362
+3%
|
402
+11%
|
459
+14%
|
536
+17%
|
639
+19%
|
799
+25%
|
912
+14%
|
1 107
+21%
|
1 168
+5%
|
1 179
+1%
|
1 190
+1%
|
1 140
-4%
|
1 175
+3%
|
1 163
-1%
|
1 146
-2%
|
1 135
-1%
|
1 081
-5%
|
923
-15%
|
697
-24%
|
382
-45%
|
213
-44%
|
149
-30%
|
211
+41%
|
185
-12%
|
172
-7%
|
159
-8%
|
106
-33%
|
112
+5%
|
90
-19%
|
113
+25%
|
162
+43%
|
231
+43%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(176)
|
(217)
|
(292)
|
(410)
|
(538)
|
(699)
|
(884)
|
(1 089)
|
(1 423)
|
(1 821)
|
(2 175)
|
(2 710)
|
(3 012)
|
(3 138)
|
(3 049)
|
(2 681)
|
(2 358)
|
(2 052)
|
(1 876)
|
(1 719)
|
(1 607)
|
(1 524)
|
(1 572)
|
(1 632)
|
(1 674)
|
(1 952)
|
(1 829)
|
(1 554)
|
(1 245)
|
(1 554)
|
(1 330)
|
(1 267)
|
(1 235)
|
(353)
|
(338)
|
(270)
|
(233)
|
(188)
|
(287)
|
(206)
|
(230)
|
|
Selling, General & Administrative |
(144)
|
(180)
|
(247)
|
(352)
|
(462)
|
(601)
|
(760)
|
(925)
|
(1 201)
|
(1 535)
|
(1 812)
|
(2 269)
|
(2 492)
|
(2 559)
|
(2 436)
|
(2 062)
|
(1 787)
|
(1 532)
|
(1 427)
|
(1 342)
|
(1 284)
|
(1 265)
|
(1 284)
|
(1 305)
|
(1 316)
|
(1 673)
|
(1 484)
|
(1 290)
|
(1 060)
|
(1 481)
|
(1 279)
|
(1 234)
|
(1 202)
|
(325)
|
(297)
|
(259)
|
(228)
|
(213)
|
(195)
|
(195)
|
(212)
|
|
Research & Development |
(33)
|
(39)
|
(48)
|
(62)
|
(80)
|
(105)
|
(131)
|
(171)
|
(231)
|
(298)
|
(377)
|
(456)
|
(537)
|
(601)
|
(639)
|
(644)
|
(600)
|
(541)
|
(466)
|
(396)
|
(351)
|
(315)
|
(311)
|
(313)
|
(299)
|
(304)
|
(273)
|
(213)
|
(164)
|
(101)
|
(59)
|
(52)
|
(52)
|
(55)
|
(57)
|
(58)
|
(52)
|
(51)
|
(48)
|
(48)
|
(57)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(35)
|
(71)
|
(107)
|
0
|
(95)
|
(76)
|
(48)
|
0
|
(27)
|
(13)
|
(7)
|
0
|
(7)
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
2
|
2
|
3
|
3
|
4
|
7
|
7
|
8
|
9
|
12
|
13
|
16
|
18
|
22
|
25
|
25
|
30
|
22
|
17
|
20
|
28
|
57
|
58
|
57
|
47
|
24
|
23
|
24
|
27
|
28
|
35
|
32
|
26
|
26
|
23
|
53
|
52
|
76
|
(44)
|
38
|
39
|
|
Operating Income |
(58)
N/A
|
(97)
-66%
|
(156)
-61%
|
(262)
-68%
|
(356)
-36%
|
(473)
-33%
|
(649)
-37%
|
(824)
-27%
|
(1 070)
-30%
|
(1 459)
-36%
|
(1 773)
-22%
|
(2 251)
-27%
|
(2 476)
-10%
|
(2 499)
-1%
|
(2 250)
+10%
|
(1 769)
+21%
|
(1 251)
+29%
|
(883)
+29%
|
(697)
+21%
|
(529)
+24%
|
(467)
+12%
|
(349)
+25%
|
(408)
-17%
|
(486)
-19%
|
(540)
-11%
|
(871)
-61%
|
(906)
-4%
|
(857)
+5%
|
(863)
-1%
|
(1 341)
-55%
|
(1 180)
+12%
|
(1 056)
+11%
|
(1 050)
+1%
|
(182)
+83%
|
(180)
+1%
|
(164)
+9%
|
(122)
+26%
|
(98)
+20%
|
(175)
-78%
|
(45)
+74%
|
1
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
14
|
17
|
19
|
19
|
23
|
26
|
32
|
74
|
(10)
|
(7)
|
1
|
(32)
|
70
|
78
|
81
|
91
|
106
|
128
|
152
|
168
|
155
|
141
|
127
|
120
|
120
|
124
|
104
|
66
|
36
|
(9)
|
(9)
|
9
|
28
|
50
|
48
|
30
|
(0)
|
0
|
(1)
|
(2)
|
18
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(112)
|
(112)
|
(112)
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(3)
|
(2)
|
(3)
|
(2)
|
0
|
7
|
7
|
9
|
9
|
1
|
2
|
15
|
19
|
17
|
17
|
4
|
0
|
3
|
2
|
2
|
3
|
3
|
2
|
4
|
6
|
7
|
8
|
7
|
|
Pre-Tax Income |
(44)
N/A
|
(80)
-81%
|
(137)
-71%
|
(243)
-78%
|
(333)
-37%
|
(448)
-34%
|
(618)
-38%
|
(751)
-21%
|
(1 082)
-44%
|
(1 467)
-36%
|
(1 773)
-21%
|
(2 284)
-29%
|
(2 407)
-5%
|
(2 424)
-1%
|
(2 171)
+10%
|
(1 681)
+23%
|
(1 148)
+32%
|
(756)
+34%
|
(538)
+29%
|
(354)
+34%
|
(303)
+14%
|
(199)
+34%
|
(280)
-41%
|
(365)
-30%
|
(405)
-11%
|
(728)
-80%
|
(786)
-8%
|
(773)
+2%
|
(823)
-6%
|
(1 350)
-64%
|
(1 187)
+12%
|
(1 045)
+12%
|
(1 020)
+2%
|
(129)
+87%
|
(129)
0%
|
(244)
-89%
|
(230)
+6%
|
(204)
+11%
|
(169)
+17%
|
(39)
+77%
|
26
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(1)
|
2
|
(0)
|
(5)
|
(6)
|
(16)
|
(18)
|
(14)
|
(10)
|
0
|
4
|
4
|
4
|
(1)
|
(1)
|
(1)
|
(0)
|
7
|
6
|
6
|
5
|
0
|
(0)
|
(0)
|
(1)
|
1
|
0
|
(0)
|
(2)
|
|
Income from Continuing Operations |
(44)
|
(80)
|
(137)
|
(243)
|
(333)
|
(448)
|
(618)
|
(751)
|
(1 081)
|
(1 466)
|
(1 772)
|
(2 283)
|
(2 408)
|
(2 422)
|
(2 171)
|
(1 685)
|
(1 153)
|
(771)
|
(556)
|
(368)
|
(313)
|
(199)
|
(276)
|
(360)
|
(401)
|
(729)
|
(786)
|
(774)
|
(823)
|
(1 344)
|
(1 180)
|
(1 040)
|
(1 015)
|
(129)
|
(129)
|
(245)
|
(230)
|
(203)
|
(168)
|
(40)
|
24
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
3
|
6
|
8
|
11
|
15
|
13
|
12
|
8
|
4
|
1
|
1
|
6
|
14
|
14
|
13
|
10
|
35
|
40
|
47
|
52
|
36
|
34
|
28
|
25
|
7
|
6
|
7
|
7
|
10
|
9
|
7
|
6
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
0
|
0
|
(1)
|
(1)
|
(2)
|
|
Net Income (Common) |
(104)
N/A
|
(139)
-34%
|
(196)
-41%
|
(318)
-62%
|
(349)
-10%
|
(463)
-33%
|
(634)
-37%
|
(751)
-18%
|
(1 081)
-44%
|
(1 463)
-35%
|
(1 766)
-21%
|
(2 274)
-29%
|
(2 397)
-5%
|
(2 407)
0%
|
(2 160)
+10%
|
(1 676)
+22%
|
(1 149)
+31%
|
(773)
+33%
|
(560)
+28%
|
(369)
+34%
|
(308)
+16%
|
(188)
+39%
|
(264)
-40%
|
(352)
-33%
|
(397)
-13%
|
(699)
-76%
|
(750)
-7%
|
(730)
+3%
|
(773)
-6%
|
(1 308)
-69%
|
(1 146)
+12%
|
(1 011)
+12%
|
(990)
+2%
|
(122)
+88%
|
(123)
0%
|
(236)
-93%
|
(223)
+6%
|
(193)
+13%
|
(160)
+17%
|
(33)
+80%
|
29
N/A
|
|
EPS (Diluted) |
-0.73
N/A
|
-0.98
-34%
|
-7.55
-670%
|
-3.34
+56%
|
-2.33
+30%
|
-4.38
-88%
|
-3.35
+24%
|
-3.25
+3%
|
-3.77
-16%
|
-5.89
-56%
|
-4.93
+16%
|
-6.01
-22%
|
-6.33
-5%
|
-6.45
-2%
|
-5.72
+11%
|
-4.47
+22%
|
-3.08
+31%
|
-2.04
+34%
|
-1.43
+30%
|
-0.95
+34%
|
-0.81
+15%
|
-0.5
+38%
|
-0.71
-42%
|
-0.95
-34%
|
-1.07
-13%
|
-1.89
-77%
|
-2.02
-7%
|
-1.97
+2%
|
-2.08
-6%
|
-3.53
-70%
|
-3.1
+12%
|
-2.74
+12%
|
-2.68
+2%
|
-0.33
+88%
|
-0.33
N/A
|
-0.63
-91%
|
-0.6
+5%
|
-0.52
+13%
|
-0.43
+17%
|
-0.09
+79%
|
0.08
N/A
|