On August 6th, Gelunhui, Tuniu company (TOUR.US) released unaudited financial results for the second quarter of 2024. The net revenue for the second quarter of 2024 was 0.117 billion yuan, a year-on-year increase of 17.0%. Among them, the package tour revenue in the second quarter of 2024 was 89.8 million yuan, a year-on-year increase of 28.6%; other revenue was 27.2 million yuan, a year-on-year decrease of 10.0%. Gross profit for the second quarter of 2024 was 84.4 million yuan, a year-on-year increase of 29.1%. Net income for the second quarter of 2024 was 43 million yuan, compared with 0.22 million yuan in the same period last year, a year-on-year increase of 194.45%. Earnings per share for the second quarter were $0.06.
As of June 30, 2024, the company had a total of 1.3 billion yuan in cash and cash equivalents, restricted cash, and short-term investments.
"Tuniu continued to show stable growth in the second quarter of 2024, with package tour revenue increasing by 28.6% year-on-year, our core business," said Yu Dunde, founder, chairman and CEO of Tuniu. "We also saw further improvement in our profitability, with net income reaching a quarterly record high since our listing. In this quarter, we continue to focus on our core business and products, further enhance product quality and service, and provide better service and travel experience for customers. We continue to adapt to changes in user shopping habits and drive business growth through strengthened new media operation to attract new customers through multiple channels. With the arrival of summer, Tuniu is ready to meet the opportunities and challenges ahead of us. We look forward to providing strong value for our shareholders."
Looking ahead to the third quarter of 2024, Tuniu expects to achieve net revenue of 0.1835 billion yuan to 0.1924 billion yuan, a year-on-year increase of 3% to 8%.