Long lasting stock market figure: Tuniu Corp (NASDAQ: TOUR)

Tuniu Corp (NASDAQ: TOUR) stock gained 1.98% and closed at 1.01. The stock opened the session at $1.01 and touched its highest price point at $1.05. Its recent trading capacity is 499542 shares versus to its average trading volume of 398879 shares.

Tuniu Corporation (TOUR) recently reported its unaudited financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 Results

Net revenues were RMB34.0M (US$4.8M) in the second quarter of 2020, representing a year-over-year decrease of 93.5% from the corresponding period in 2019. The decrease was primarily Because of the negative impact brought by the outbreak and spread of COVID-19.

Revenues from packaged tours were RMB12.6M (US$1.8M) in the second quarter of 2020, representing a year-over-year decrease of 97.1% from the corresponding period in 2019. The decrease was primarily Because of the suspension of sale of packaged tours influenced by the outbreak and spread of COVID-19[2].

Other revenues were RMB21.5M (US$3.0M) in the second quarter of 2020, representing a year-over-year decrease of 76.4% from the corresponding period in 2019. The decrease was primarily Because of the declines in service fees received from insurance companies and commissions received from other travel-related products influenced by the outbreak and spread of COVID-19.

Cost of revenues was RMB26.3M (US$3.7M) in the second quarter of 2020, representing a year-over-year decrease of 90.8% from the corresponding period in 2019. As a percentage of net revenues, cost of revenues was 77.3% in the second quarter of 2020, contrast to 55.2% in the corresponding period in 2019.

Gross margin was 22.7% in the second quarter of 2020, contrast to a gross margin of 44.8% in the second quarter of 2019. The decrease was primarily Because of the decline in net revenues influenced by the outbreak and spread of COVID-19.

Operating expenses were RMB158.1M (US$22.4M) in the second quarter of 2020, representing a year-over-year decrease of 63.4% from the corresponding period in 2019. Share-based compensation expenses and amortization of purchased intangible assets, which were allocated to operating expenses, were RMB19.1M (US$2.7M) in the second quarter of 2020. Non-GAAP operating expenses, which excluded share-based compensation expenses and amortization of purchased intangible assets, were RMB138.9M (US$19.7M) in the second quarter of 2020, representing a year-over-year decrease of 63.7%.

Research and product development expenses were RMB20.6M (US$2.9M) in the second quarter of 2020, representing a year-over-year decrease of 74.3%. Non-GAAP research and product development expenses, which excluded share-based compensation expenses and amortization of purchased intangible assets of RMB1.6M (US$0.2M), were RMB19.0M (US$2.7M) in the second quarter of 2020, representing a year-over-year decrease of 74.8% from the corresponding period in 2019. The decrease was primarily Because of the decrease in research and product development personnel related expenses.

Sales and marketing expenses were RMB84.3M (US$11.9M) in the second quarter of 2020, representing a year-over-year decrease of 62.5%. Non-GAAP sales and marketing expenses, which excluded share-based compensation expenses and amortization of purchased intangible assets of RMB15.1M (US$2.1M), were RMB69.2M (US$9.8M) in the second quarter of 2020, representing a year-over-year decrease of 63.4% from the corresponding period in 2019. The decrease was primarily Because of the decrease in promotion expenses and sales and marketing personnel related expenses.

General and administrative expenses were RMB61.0M (US$8.6M) in the second quarter of 2020, representing a year-over-year decrease of 54.6%. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses and amortization of purchased intangible assets of RMB2.5M (US$0.3M), were RMB58.5M (US$8.3M) in the second quarter of 2020, representing a year-over-year decrease of 53.2% from the corresponding period in 2019. The decrease was primarily Because of the decrease in general and administrative personnel related expenses.

The price moved ahead of -6.77% from the mean of 20 days, -12.38% from mean of 50 days SMA and performed -29.49% from mean of 200 days price. Company’s performance for the week was -4.63%, -18.25% for month and YTD performance remained -59.13%. The company has 123.38M of outstanding shares and 118.80M shares were floated in the market.

Leave a Reply

Your email address will not be published. Required fields are marked *