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Tuniu Reports Net Profit of 13.911 Million Yuan in Q1 FY2024, Up 298.25% Year-over-Year
On June 4th, Tuniu (Stock Code: TOUR) announced its financial report, showing that the company’s net profit attributable to common shareholders for the first quarter of fiscal year 2024 was 13.911 million yuan, a year-over-year increase of 298.25%; operating revenue was 1.08 billion yuan, a year-over-year increase of 70.87%.
Tuniu was established in December 2006 and is the first Chinese company listed on the U.S. stock market focused on online leisure travel. Thanks to the rapid development of China’s online leisure travel market and broad customer support, Tuniu has maintained the largest market share in China’s online leisure travel market since Q4 2015. As of the end of 2018, Tuniu partnered with over 16,500 travel service providers, offering more than 2.2 million packaged travel products including group tours and self-guided tours, as well as a wide range of individual travel products such as flights, hotels, and visas. As of March 2019, Tuniu had served over 108 million travelers, received more than 6 million customer reviews, and achieved an overall product satisfaction rate of 93%.
(Data source: Tonghuashun (300033) iFinD)