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Nanjing, China,On August 23, 2016, Tuniu Travel Network (NASDAQ: TOUR) (hereinafter referred to as "Tuniu" or the "Company"), China's leading online leisure travel company, today announced its unaudited financial results as of June 30, 2016 second 188bet Online Sports Betting and Casino results report。
Key points of the second 188bet Online Sports Betting and Casino financial report of 2016:
•Total transaction volume of tourism products in the 188bet Online Sports Betting and Casino 2016 (including group tours、Individual products related to self-guided tours and tourism) was RMB 4.5 billion (6.USD 75.3 billion),94 year-on-year increase.3%。
•The transaction volume of group tours and self-guided tours in the 188bet Online Sports Betting and Casino 2016 was RMB 3.3 billion (4.US.2 billion),54 year-on-year increase.8%。
•Net income in the 188bet Online Sports Betting and Casino 2016 was RMB 2.4 billion (3.US.5 billion),YoY growth of 55.6% 。
•In the 188bet Online Sports Betting and Casino 2016, the number of tourists traveling in group tours (excluding group tours and peripheral tours) increased by 98% year-on-year.1%,The number of self-guided tours increased by 85% year-on-year.8%。
•In the 188bet Online Sports Betting and Casino 2016, mobile orders accounted for more than 80% of total online orders。
Co-founder of Tuniu Travel Network、Mr. Yu Dunde, Chairman and CEO, said: “Our revenue has maintained a steady increase this 188bet Online Sports Betting and Casino,The total transaction volume and net income of tourism products increased by 94% respectively.3% and 55.6%。Driven by product category expansion and membership activities,The contribution of regular customers to transaction volume this 188bet Online Sports Betting and Casino reached 45.3%。With the increase of brand awareness,We will continue to be committed to providing customers with high-quality travel products,Continuously consolidate Tuniu’s leading position in China’s leisure tourism field。”
Co-founder of Tuniu Travel Network、Mr. Yan Haifeng, President and Chief Operating Officer, said: "Our transportation and accommodation products achieved impressive results this 188bet Online Sports Betting and Casino,The transaction volume was 11 times and 8 times that of the same period last year respectively。Overview of industry trends,We believe that this is a very good opportunity for Tuniu to fully expand into tourism standard products (such as transportation ticketing and accommodation reservations),Because we have a mature brand and a strong customer base。With the expansion of product categories,We will be able to leverage our existing customer base more effectively,Winning new growth points for our business。”
Mr. Yang Jiahong, Chief Financial Officer of Tuniu Travel Network, said: "With the expansion of our business scale,The operating leverage of the packaged travel product business and the contribution of travel-related products to profits will gradually become more prominent。Later half of this year,We will also implement a series of cost control measures,Increase profit potential,Realizing Tuniu’s brand value。”
2016 Second 188bet Online Sports Betting and Casino Results
Net revenue in the 188bet Online Sports Betting and Casino 2016 was RMB 2.4 billion (3.US.5 billion),An increase of 55 compared with the same period in 2015.6%。The total number of tourists in group tours and self-guided tours in the 188bet Online Sports Betting and Casino 2016 was 1,666,455,Compared to 1 in the 188bet Online Sports Betting and Casino 2015,011,267 visitors increased by 64.8%。
•Second Quarter 2016,Income from group tours (mostly recognized in full) is 22.13.3 billion yuan (total 3.US.3 billion),An increase of 50 compared with the same period in 2015.9%。This growth is mainly from the Middle East、Africa、Southeast Asia、Australia and New Zealand、Growth in tourism revenue from outbound destinations such as North America。188bet Online Sports Betting and Casino 2016,The number of trips in group tours (excluding group tours) is 610,958,308 compared with the same period last year,417 visitors increased by 98.1%。The number of tourists traveling with group tours is 634,799,compared to 476 in the 188bet Online Sports Betting and Casino 2015,375 visitors increased by 33.3%。
•Second Quarter 2016,Revenue from self-guided tours (recognized on a net basis) was RMB 67.1 million (USD 10.1 million),An increase of 93 compared with the same period last year.9%。This growth mainly comes from domestic、Southeast Asia、North America、Growth in tourism revenue in destinations such as the Middle East and Africa。188bet Online Sports Betting and Casino 2016,The number of self-guided tours is 420,698,Compared with 226 in the 188bet Online Sports Betting and Casino 2015,475 visitors increased by 85.8%。
•Second 188bet Online Sports Betting and Casino 2016,Other income was RMB 85.7 million (USD 12.9 million),An increase of 247 compared with the same period in 2015.3%。This growth mainly comes from insurance service fee income、Growth in financial income and commission income from individual travel products。
As of June 30, 2016,Cash and cash equivalents held by the company、Restricted cash and short-term investments total RMB 5.9 billion (8.US.5 billion)。
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