March 14，Tuniu Travel Network announced its unaudited fourth quarter and annual performance report for the 2017 fiscal year as of December 31, 2017。

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• Net income in the fourth quarter of 2017 was 4.69.9 billion yuan ($72.2 million)，46 year-on-year increase.1% (compared to non-US GAAP net income for the same period in 2016)。

• Gross profit in the fourth quarter of 2017 was 2.35.2 billion yuan ($36.1 million)，YoY growth of 39.6% (compared to gross profit under non-US GAAP for the same period in 2016)。

Key points of 2017 financial report and recent development 

• Net income in 2017 was RMB 2.2 billion (3.US$36.9 billion)，YoY increase of 53.3% (compared to non-US GAAP net income for the same period in 2016)。

• Gross profit in 2017 was RMB 1.2 billion (1.USD 79.5 billion)，80 year-on-year increase.9% (compared to gross profit under non-US GAAP for the same period in 2016)。

• Operating expenses in 2017 were RMB 2.1 billion (3.USD 15.3 billion)，34 188bet app year-on-year decrease.6% (compared to non-US GAAP operating expenses for the same period in 2016)。

• Net loss in 2017 was 7.71.3 billion yuan (1.USD 18.6 billion)，Net loss in 2016 was RMB 2.4 billion (compared to net loss under non-US accounting standards in the same period in 2016)。

• As of February 28, 2018，Tuniu has 14 self-operated pick-up agencies，12 of them are domestic，2 overseas stores。 

Income comparison

Tuniu will implement the ASC 606 new revenue standard from January 1, 2017 and use the full retrospective adjustment method。To make the data more comparable，At the same time, it is convenient for investors to better understand the company’s operations and trends，Our fourth quarter and full year 2017 revenue below、Comparative analysis of operating costs and gross profit，Used the adjustment number under non-US accounting standards for the same period in 2016 as the comparison number:

After this announcement there is relevant data on the definition of non-US GAAP and the adjustment between US GAAP and non-US GAAP。

Co-founder of Tuniu Travel Network、Mr. Yu Dunde, Chairman and CEO, said: “Tuniu has achieved a lot in 2017。On the server side，We established a self-operated pick-up club；At the sales end，We continue to expand sales channels，Established multiple offline stores across the country。2018，We will continue to execute our core strategy，Strengthen sales network、Service network and intelligent network construction。” 

Ms. Xin Yi, Chief Financial Officer of Tuniu Travel 188bet online sports betting Network, said: "The net income for the whole year of 2017 increased by 53% year-on-year.3%，Gross profit increased by 80% year-on-year.9%。Sales channel expansion and content construction reduce customer acquisition costs。The increase in the proportion of direct procurement and the opening of self-operated cooperatives have increased the gross profit margin of products。simultaneously，The increase in destination products enriches customers’ choices during travel。We will continue to strive to serve more customers and create higher value for them。”

2017 fourth quarter results 

Net income for the fourth quarter of 2017 was 4.69.9 billion yuan ($72.2 million)，An increase of 46 compared with the same period in 2016.1% (compared to non-US GAAP net income for the same period in 2016)。 

• Fourth Quarter 2017，Income from packaged travel products (mainly recognized on a net basis) is 2.90.1 billion yuan ($44.6 million)，An increase of 32 compared with the same period in 2016.2% (compared to revenue from packaged travel products under non-US accounting standards in the same period in 2016)。This growth is mainly due to the increase in net income from group tours and self-guided tours。 

• Fourth Quarter 2017，Other income is 1.79.8 billion yuan ($27.6 million)，An increase of 75 compared with the same period in 2016.9% (compared to other income under non-US GAAP for the same period in 2016)。This increase comes from the increase in financial services income and commission income from some individual travel products。 

The fourth quarter of 2017，Gross profit is 2.35.2 billion yuan ($36.1 million)，An increase of 39 compared with the same period in 188bet sports betting app download 2016.6% (compared to gross profit under non-US GAAP for the same period in 2016)。The increase in gross profit is mainly due to the increase in scale effect and optimization of supply chain management。 

As of December 31, 2017，Cash and cash equivalents held by the company、Restricted cash and short-term investments total RMB 3.7 billion (5.USD 62.6 billion)。 

2017 Annual Results

Net income in 2017 was RMB 2.2 billion (3.US$36.9 billion)，An increase of 53 compared with the same period in 2016.3% (compared to non-US GAAP net income for the same period in 2016)。 

•2017，Revenue from packaged tourism products (mainly recognized on a net basis) was RMB 1.6 billion (2.US$44.3 billion)，An increase of 49 compared with the same period in 2016.8% (compared to revenue from packaged travel products under non-US accounting standards in the same period in 2016)。This growth is mainly due to the increase in net income from group tours and self-guided tours。 

•2017，Other income is 6.02.7 billion yuan ($92.6 million)，An increase of 56 compared with the same period in 2016.0% (compared to other income under non-US GAAP for the same period in 2016)。 This increase comes from the increase in financial services income and commission income from some individual travel products。 

2017，Gross profit is RMB 1.2 billion (1.USD 79.5 billion)，An increase of 80 compared with the same period in 2016.9% (compared to gross profit under non-US GAAP for the same period in 2016)。The increase in gross profit and gross profit margin is mainly due to the increase in scale effect、Improving management efficiency and optimizing supply chain management。