NASDAQ : TOUR
Tuniu Corporation — Financial statements
Consumer Discretionary · Travel Services · China
Last price 4.71 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 51.17M
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Financial statements
Tuniu Corporation (TOUR) reported revenue of 597.11M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 511.88M | 493.48M | 407.46M | 333.36M | 70.31M | 305.33M |
| Other Revenue | 85.23M | 84.49M | 106.16M | 107.91M | 113.31M | 121.02M |
| Revenue | 597.11M | 577.97M | 513.62M | 441.27M | 183.62M | 426.35M |
| Cost of Revenue | 267.47M | 242.99M | 155.59M | 147.58M | 94.07M | 254.81M |
| Gross Profit | 329.64M | 334.98M | 358.03M | 293.69M | 89.55M | 171.53M |
| Selling, General & Admin | 266.51M | 262.42M | 252.34M | 212.94M | 212.55M | 324.51M |
| Research & Development | 55.42M | 58.98M | 52.68M | 56.97M | 50.80M | 54.62M |
| Other Operating Expenses | -14.29M | -14.56M | -18.82M | -29.25M | -7.68M | -22.47M |
| Operating Expenses | 307.65M | 306.84M | 286.20M | 240.67M | 255.67M | 356.67M |
| Operating Income | 21.99M | 28.15M | 71.84M | 53.02M | -166.12M | -185.14M |
| Interest Expense | -1.13M | -2.02M | -3.32M | -3.52M | -4.91M | -7.49M |
| Interest & Investment Income | 21.01M | 25.77M | 19.87M | 5.69M | 27.18M | 50.04M |
| Earnings From Equity Investments | 706.00K | 579.00K | 1.49M | -580.00K | 292.00K | 726.00K |
| Currency Exchange Gain (Loss) | 1.00M | -3.83M | -6.84M | -6.48M | -22.21M | 7.03M |
| Other Non Operating Income (Expenses) | -3.74M | -652.00K | 10.08M | 7.11M | 6.14M | 2.90M |
| EBT Excluding Unusual Items | 39.84M | 47.99M | 93.11M | 55.23M | -159.63M | -131.94M |
| Impairment of Goodwill | -114.66M | -112.10M | ||||
| Gain (Loss) on Sale of Investments | -13.60M | -13.60M | -17.55M | -22.24M | ||
| Gain (Loss) on Sale of Assets | 24.12M | 64.95M | ||||
| Asset Writedown | -3.32M | -3.32M | -15.64M | -17.99M | ||
| Other Unusual Items | 500.00K | 3.05M | 3.60M | |||
| Pretax Income | 22.92M | 31.08M | 84.54M | -99.66M | -203.73M | -128.34M |
| Income Tax Expense | 1.45M | 1.43M | 837.00K | 1.44M | -731.00K | 130.00K |
| Earnings From Continuing Operations | 21.48M | 29.66M | 83.70M | -101.10M | -203.00M | -128.47M |
| Minority Interest in Earnings | 1.20M | 1.47M | -6.53M | 1.81M | 9.61M | 6.94M |
| Net Income | 22.67M | 31.12M | 77.17M | -99.29M | -193.38M | -121.52M |
| Net Income to Common | 22.67M | 31.12M | 77.17M | -99.29M | -193.38M | -121.52M |
| Shares Outstanding (Basic) | 10.99M | 11.36M | 12.05M | 12.38M | 12.37M | 12.36M |
| Shares Outstanding (Diluted) | 11.08M | 11.43M | 12.12M | 12.38M | 12.37M | 12.36M |
| EPS (Basic) | 2.06 | 2.74 | 6.40 | -8.02 | -15.63 | -9.83 |
| EPS (Diluted) | 1.98 | 2.70 | 6.30 | -8.10 | -15.63 | -9.83 |
| Free Cash Flow | -116.19M | 84.47M | 223.05M | -149.44M | -241.08M | |
| Free Cash Flow Per Share | -10.16 | 6.97 | 18.01 | -12.08 | -19.50 | |
| Dividend Per Share | 8.37 | 2.63 | ||||
| Gross Margin | 55.21% | 57.96% | 69.71% | 66.55% | 48.77% | 40.23% |
| Operating Margin | 3.68% | 4.87% | 13.99% | 12.02% | -90.47% | -43.42% |
| Profit Margin | 3.80% | 5.38% | 15.02% | -22.50% | -105.32% | -28.50% |
| Free Cash Flow Margin | -20.10% | 16.45% | 50.55% | -81.39% | -56.55% | |
| EBITDA | 28.04M | 35.24M | 81.03M | 65.31M | -147.75M | -149.77M |
| EBITDA Margin | 4.70% | 6.10% | 15.78% | 14.80% | -80.47% | -35.13% |
| D&A For EBITDA | 6.04M | 7.09M | 9.20M | 12.29M | 18.37M | 35.36M |
| EBIT | 21.99M | 28.15M | 71.84M | 53.02M | -166.12M | -185.14M |
| EBIT Margin | 3.68% | 4.87% | 13.99% | 12.02% | -90.47% | -43.42% |
| Effective Tax Rate | 6.32% | 4.58% | 0.99% | |||
| Revenue as Reported | 597.11M | 577.97M | 513.62M | 441.27M | 183.62M | 426.35M |
| Advertising Expenses | 100.28M | 89.10M | 50.33M | 15.07M | 40.66M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 261.46M | 207.23M | 465.00M | 378.99M | 153.84M | 349.08M |
| Short-Term Investments | 716.03M | 853.70M | 432.82M | 777.89M | 724.41M | 615.90M |
| Cash & Short-Term Investments | 977.49M | 1.06B | 897.83M | 1.16B | 878.25M | 964.98M |
| Accounts Receivable | 67.27M | 68.13M | 50.31M | 51.15M | 34.67M | 126.91M |
| Other Receivables | 42.21M | 46.69M | 54.49M | 76.25M | 92.28M | |
| Receivables | 67.27M | 110.43M | 116.50M | 130.77M | 211.28M | 370.28M |
| Prepaid Expenses | 1.79M | 1.40M | 1.01M | 406.00K | 1.71M | |
| Restricted Cash | 5.30M | 10.22M | 26.06M | 65.90M | 44.05M | 46.52M |
| Other Current Assets | 137.90M | 113.46M | 161.62M | 153.55M | 65.98M | 91.95M |
| Total Current Assets | 1.19B | 1.30B | 1.20B | 1.51B | 1.20B | 1.48B |
| Property, Plant & Equipment | 24.15M | 25.73M | 42.12M | 69.96M | 118.39M | 146.27M |
| Long-Term Investments | 206.34M | 227.01M | 534.04M | 209.82M | 230.56M | 201.95M |
| Goodwill | 114.66M | 232.01M | ||||
| Other Intangible Assets | 18.19M | 19.64M | 110.68M | 116.62M | 123.26M | 150.03M |
| Other Long-Term Assets | 32.11M | 30.75M | 19.21M | 55.96M | 81.30M | 78.56M |
| Total Assets | 1.47B | 1.60B | 1.91B | 1.96B | 1.88B | 2.30B |
| Accounts Payable | 278.25M | 220.39M | 292.35M | 322.69M | 265.76M | 387.49M |
| Accrued Expenses | 186.53M | 46.03M | 63.80M | 61.64M | 65.79M | 76.45M |
| Short-Term Debt | 100.03M | 180.04M | 186.28M | 207.52M | 207.88M | |
| Current Portion of Leases | 3.71M | 3.34M | 2.99M | 2.71M | 12.44M | 16.56M |
| Current Income Taxes Payable | 1.25M | 4.08M | 5.06M | 4.30M | 4.05M | 8.00M |
| Current Unearned Revenue | 134.59M | 191.49M | 258.76M | 284.28M | 112.48M | 139.78M |
| Other Current Liabilities | 7.88M | 70.95M | 90.66M | 96.98M | 106.27M | 142.86M |
| Total Current Liabilities | 612.20M | 636.32M | 893.66M | 958.88M | 774.30M | 979.01M |
| Long-Term Debt | 10.39M | 11.96M | 14.34M | |||
| Long-Term Leases | 910.00K | 1.02M | 1.68M | 5.35M | 26.48M | 38.83M |
| Long-Term Deferred Tax Liabilities | 4.25M | 4.53M | 5.15M | 6.03M | 6.84M | 12.48M |
| Total Liabilities | 617.35M | 641.87M | 900.49M | 980.65M | 819.58M | 1.04B |
| Common Stock | 216.00K | 219.00K | 249.00K | 249.00K | 249.00K | 249.00K |
| Additional Paid-In Capital | 9.04B | 9.12B | 9.15B | 9.14B | 9.13B | 9.13B |
| Retained Earnings | -8.33B | -8.32B | -8.05B | -8.13B | -8.03B | -7.83B |
| Treasury Stock | -77.37M | -82.47M | -329.67M | -285.98M | -288.60M | -293.80M |
| Comprehensive Income & Other | 298.57M | 307.45M | 313.46M | 305.42M | 298.98M | 271.82M |
| Total Common Equity | 924.40M | 1.03B | 1.08B | 1.03B | 1.11B | 1.27B |
| Minority Interest | -72.99M | -72.19M | -71.64M | -51.02M | -49.68M | -16.00M |
| Shareholders' Equity | 851.41M | 958.11M | 1.01B | 979.83M | 1.06B | 1.25B |
| Total Liabilities & Equity | 1.47B | 1.60B | 1.91B | 1.96B | 1.88B | 2.30B |
| Total Debt | 4.62M | 104.40M | 184.71M | 204.73M | 258.40M | 277.61M |
| Net Cash (Debt) | 972.87M | 956.53M | 713.12M | 952.15M | 619.85M | 687.37M |
| Net Cash Per Share | 87.84 | 83.67 | 58.82 | 76.90 | 50.09 | 55.60 |
| Filing Date Shares Outstanding | 10.74M | 10.86M | 11.60M | 12.38M | 12.38M | 12.37M |
| Total Common Shares Outstanding | 10.74M | 10.92M | 11.71M | 12.38M | 12.38M | 12.37M |
| Working Capital | 575.77M | 660.52M | 309.74M | 549.24M | 425.66M | 496.43M |
| Book Value Per Share | 86.06 | 94.34 | 92.32 | 83.24 | 89.51 | 102.61 |
| Tangible Book Value | 906.21M | 1.01B | 969.91M | 914.23M | 870.10M | 887.11M |
| Tangible Book Value Per Share | 84.36 | 92.54 | 82.86 | 73.82 | 70.29 | 71.72 |
| Buildings | 4.47M | 4.47M | 4.11M | 4.11M | 4.11M | |
| Machinery | 120.37M | 126.06M | 130.14M | 139.80M | 172.95M | |
| Construction In Progress | 23.00K | 44.68M | 48.74M | 47.29M | 42.57M | |
| Leasehold Improvements | 65.17M | 65.41M | 109.14M | 119.07M | 139.09M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 31.12M | 77.17M | -99.29M | -193.38M | -121.52M | |
| Depreciation & Amortization | 12.55M | 13.39M | 22.69M | 29.48M | 55.81M | |
| Other Amortization | 2.44M | 3.74M | 6.99M | 8.68M | 8.00M | |
| Loss (Gain) From Sale of Assets | 525.00K | -23.93M | 9.10M | -59.99M | 1.76M | |
| Asset Writedown & Restructuring Costs | 3.32M | 15.64M | 132.65M | 112.10M | ||
| Loss (Gain) From Sale of Investments | -17.97M | -15.07M | -3.45M | -29.34M | -50.11M | |
| Loss (Gain) on Equity Investments | -579.00K | -1.49M | 580.00K | -292.00K | -726.00K | |
| Stock-Based Compensation | 5.61M | 9.41M | 15.93M | 5.05M | 9.13M | |
| Provision & Write-off of Bad Debts | -3.29M | -17.53M | -11.52M | -9.84M | 17.83M | |
| Other Operating Activities | 1.70M | 12.63M | 2.90M | -19.67M | -11.76M | |
| Change in Accounts Receivable | -20.96M | -17.24M | -3.60M | -37.00M | 39.83M | |
| Change in Accounts Payable | -70.68M | 6.74M | 53.12M | 16.77M | -222.38M | |
| Change in Unearned Revenue | -62.69M | -16.25M | 171.30M | -16.59M | -68.98M | |
| Change in Income Taxes | -982.00K | 2.05M | 258.00K | -3.65M | 2.00M | |
| Change in Other Net Operating Assets | 10.82M | 47.00M | -64.81M | 54.66M | 114.78M | |
| Operating Cash Flow | -109.07M | 96.28M | 232.84M | -142.99M | -226.34M | |
| Capital Expenditures | -7.12M | -11.81M | -9.79M | -6.45M | -14.74M | |
| Divestitures | 1.02M | -7.15M | 3.24M | -16.07M | ||
| Investment in Securities | -120.08M | 31.61M | -28.58M | -80.76M | 846.85M | |
| Other Investing Activities | 109.98M | 8.62M | 212.00K | 130.00K | 5.98M | |
| Investing Cash Flow | 4.88M | 26.66M | 40.93M | -51.83M | 703.83M | |
| Long-Term Debt Issued | 280.00M | 359.00M | 378.00M | 240.00M | 277.90M | |
| Long-Term Debt Repaid | -360.00M | -360.97M | -400.80M | -240.53M | -620.93M | |
| Total Debt Repaid | -360.00M | -360.97M | -400.80M | -240.53M | -620.93M | |
| Net Debt Issued (Repaid) | -80.00M | -1.97M | -22.80M | -532.00K | -343.03M | |
| Issuance of Common Stock | 30.00K | 9.00K | 46.00K | 373.00K | ||
| Repurchase of Common Stock | -51.21M | -44.89M | ||||
| Common Dividends Paid | -29.79M | |||||
| Other Financing Activities | 920.00K | -27.15M | 215.00K | -1.90M | ||
| Financing Cash Flow | -160.09M | -73.98M | -22.58M | -486.00K | -344.56M | |
| Foreign Exchange Rate Adjustments | -9.34M | -2.79M | -4.18M | -2.41M | -1.43M | |
| Net Cash Flow | -273.62M | 46.17M | 247.00M | -197.71M | 131.49M | |
| Free Cash Flow | -116.19M | 84.47M | 223.05M | -149.44M | -241.08M | |
| Free Cash Flow Margin | -20.10% | 16.45% | 50.55% | -81.39% | -56.55% | |
| Free Cash Flow Per Share | -10.16 | 6.97 | 18.01 | -12.08 | -19.50 | |
| Levered Free Cash Flow | -78.22M | 43.95M | 252.79M | -81.61M | -284.39M | |
| Unlevered Free Cash Flow | -76.95M | 46.03M | 254.99M | -78.54M | -279.71M | |
| Cash Interest Paid | 1.63M | 2.98M | 4.06M | 5.05M | 7.11M | |
| Cash Income Tax Paid | 1.39M | 1.24M | 1.48M | 2.20M | 3.01M | |
| Change in Working Capital | -144.49M | 22.30M | 156.26M | 14.21M | -134.75M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 51.44M | 71.94M | 120.07M | 83.07M | 186.78M | 119.81M |
| Enterprise Value | -91.78M | -71.58M | -67.55M | -79.63M | 61.16M | -22.09M |
| Last Close Price | 4.71 | 5.17 | 8.28 | 5.45 | 12.26 | 7.87 |
| PE Ratio | 16.27 | 16.17 | 11.36 | |||
| Forward PE | 28.50 | 21.96 | 7.80 | 10.02 | 12.15 | 12.15 |
| PS Ratio | 0.58 | 0.87 | 1.71 | 1.33 | 7.02 | 1.78 |
| PB Ratio | 0.37 | 0.53 | 0.87 | 0.60 | 1.22 | 0.61 |
| P/TBV Ratio | 0.38 | 0.50 | 0.90 | 0.64 | 1.48 | 0.86 |
| P/FCF Ratio | 10.38 | 2.64 | ||||
| P/OCF Ratio | 9.10 | 2.53 | ||||
| EV/Sales Ratio | 2.30 | |||||
| Debt / Equity Ratio | 0.01 | 0.11 | 0.18 | 0.21 | 0.24 | 0.22 |
| Debt / EBITDA Ratio | 0.14 | 2.51 | 2.09 | 2.56 | ||
| Debt / FCF Ratio | 2.19 | 0.92 | ||||
| Net Debt / Equity Ratio | -1.14 | -1.00 | -0.71 | -0.97 | -0.59 | -0.55 |
| Net Debt / EBITDA Ratio | -34.70 | -27.14 | -8.80 | -14.58 | 4.20 | 4.59 |
| Net Debt / FCF Ratio | 8.23 | -8.44 | -4.27 | 4.15 | 2.85 | |
| Asset Turnover | 0.36 | 0.33 | 0.27 | 0.23 | 0.09 | 0.15 |
| Quick Ratio | 1.71 | 1.84 | 1.11 | 1.32 | 1.28 | 1.21 |
| Current Ratio | 1.94 | 2.04 | 1.35 | 1.57 | 1.55 | 1.51 |
| Return on Equity (ROE) | 2.36% | 3.02% | 8.42% | -9.92% | -17.56% | -9.77% |
| Return on Assets (ROA) | 0.83% | 1.00% | 2.32% | 1.73% | -4.97% | -4.21% |
| Return on Invested Capital (ROIC) | 24.04% | -33.08% | -37.26% | |||
| Return on Capital Employed (ROCE) | 2.60% | 2.90% | 7.10% | 5.30% | -15.10% | -14.00% |
| Earnings Yield | 6.15% | 6.19% | 8.81% | -16.86% | -15.01% | -15.97% |
| FCF Yield | -34.14% | -23.09% | 9.64% | 37.87% | -11.60% | -31.68% |
| Dividend Yield | 25.28% | 18.17% | 3.51% | |||
| Payout Ratio | 411.35% | 95.72% | ||||
| Buyback Yield / Dilution | 5.93% | 5.71% | 2.08% | -0.07% | -0.09% | -0.17% |
| Total Shareholder Return | 31.34% | 23.88% | 5.59% | -0.07% | -0.09% | -0.17% |