FX.co ★ Tuniu Announces Q4 Business Outlook; Issues Share Repurchase Update

Tuniu (TOUR) forecasts its net revenues for the fourth quarter to be between RMB 100.0 million and RMB 105.0 million, reflecting a potential year-over-year growth ranging from 0% to 5% when compared to the same period in 2023.

In March 2024, Tuniu's Board approved a share repurchase program, allowing for the buyback of up to $10 million of its ordinary shares or American depositary shares (ADS). As of November 30, 2024, Tuniu had repurchased approximately 6.2 million ADSs for around $5.6 million under this initiative.

For the third quarter, the company's net income attributable to ordinary shareholders was RMB 44.4 million, an improvement from the RMB 39.4 million reported in the previous year. On a non-GAAP basis, net income attributable to ordinary shareholders reached RMB 46.6 million for Q3 2024. Additionally, net revenues increased by 4.4% year-over-year, totaling RMB 186.0 million.