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6-K 1 tm2616997d1_6k.htm FORM 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

 

 

Commission File Number: 001-36430

 

 

 

Tuniu Corporation

 

6, 8-12th Floor, Building 6-A, Juhuiyuan

No. 108 Xuanwudadao, Xuanwu District

Nanjing, Jiangsu Province 210023

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F     x          Form 40-F    ¨

 

 

 

 


 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release—Tuniu Announces Unaudited First Quarter 2026 Financial Results

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Tuniu Corporation  
   
  By: /s/ Anqiang Chen
  Name: Anqiang Chen
  Title: Financial Controller

 

Date: June 5, 2026

 

 

EX-99.1 2 tm2616997d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Tuniu Announces Unaudited First Quarter 2026 Financial Results

 

NANJING, China, June 5, 2026 - Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.

 

"We are pleased to see that the implementation of certain favorable policies this year has boosted the vitality of China’s tourism market," said Mr. Donald Dunde Yu, Tuniu’s founder, Chairman and Chief Executive Officer. “In the first quarter, our business continued to maintain steady growth, with net revenues increasing by 12.8% year-over-year. At the same time, we achieved non-GAAP profitability for the fifth consecutive quarter. This year, we will continue strengthening both our product supply chain and sales channel capabilities. Leveraging our industry experience and strengths, we will maintain our focus on providing customers with more high-quality products and services. We will continue to uphold an open and collaborative approach by extending our products, services and technological capabilities to our partners across channels, working together to help more travelers enjoy simple and comfortable travel experiences.”

 

First Quarter 2026 Results

 

Net revenues were RMB132.6 million (US$19.2 million1) in the first quarter of 2026, representing a year-over-year increase of 12.8% from the corresponding period in 2025.

 

· Revenues from packaged tours were RMB109.7 million (US$15.9 million) in the first quarter of 2026, representing a year-over-year increase of 10.8% from the corresponding period in 2025. The increase was primarily due to the growth of organized tours and self-guided tours.

 

· Other revenues were RMB22.9 million (US$3.3 million) in the first quarter of 2026, representing a year-over-year increase of 23.5% from the corresponding period in 2025. The increase was primarily due to the increase in the fees for advertising services provided to tourism boards and bureaus.

 

Cost of revenues was RMB59.0 million (US$8.6 million) in the first quarter of 2026, representing a year-over-year increase of 22.6% from the corresponding period in 2025. As a percentage of net revenues, cost of revenues was 44.5% in the first quarter of 2026, compared to 41.0% in the corresponding period in 2025.

 

Gross profit was RMB73.6 million (US$10.7 million) in the first quarter of 2026, representing a year-over-year increase of 6.1% from the corresponding period in 2025.

 

Operating expenses were RMB77.3 million (US$11.2 million) in the first quarter of 2026, representing a year-over-year decrease of 3.5% from the corresponding period in 2025.

 

 

1 The conversion of Renminbi ("RMB") into United States dollars ("US$") is based on the exchange rate of US$1.00=RMB6.8980 on March 31, 2026 as set forth in H.10 statistical release of the U.S. Federal Reserve Board and available at https://www.federalreserve.gov/releases/h10/default.htm.

 

 


 

· Research and product development expenses were RMB13.6 million (US$2.0 million) in the first quarter of 2026, representing a year-over-year decrease of 6.7%. The decrease was primarily due to the decrease in research and product development personnel related expenses. Research and product development expenses as a percentage of net revenues were 10.2% in the first quarter of 2026.

 

· Sales and marketing expenses were RMB50.5 million (US$7.3 million) in the first quarter of 2026, representing a year-over-year increase of 16.9%. The increase was primarily due to the increase in promotion expenses. Sales and marketing expenses as a percentage of net revenues were 38.1% in the first quarter of 2026.

 

· General and administrative expenses were RMB13.5 million (US$2.0 million) in the first quarter of 2026, representing a year-over-year decrease of 40.7%. The decrease was primarily due to the impairment of property and equipment, net recorded in the first quarter of 2025. General and administrative expenses as a percentage of net revenues were 10.2% in the first quarter of 2026.

 

Loss from operations was RMB3.7 million (US$0.5 million) in the first quarter of 2026, compared to a loss from operations of RMB10.8 million in the first quarter of 2025. Non-GAAP2 loss from operations, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB1.8 million (US$0.3 million) in the first quarter of 2026.

 

Net income was RMB0.2 million (US$32.8 thousand) in the first quarter of 2026, compared to a net loss of RMB5.4 million in the first quarter of 2025. Non-GAAP net income, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB2.2 million (US$0.3 million) in the first quarter of 2026.

 

Net income attributable to ordinary shareholders of Tuniu Corporation was RMB0.7 million (US$0.1 million) in the first quarter of 2026, compared to a net loss attributable to ordinary shareholders of Tuniu Corporation of RMB4.7 million in the first quarter of 2025. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB2.6 million (US$0.4 million) in the first quarter of 2026.

 

As of March 31, 2026, the Company had cash and cash equivalents, restricted cash, short-term investments and long-term deposits of RMB1.0 billion (US$147.7 million).

 

 

2 The section below entitled "About Non-GAAP Financial Measures" provides information about the use of Non-GAAP financial measures in this press release, and the table captioned “Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release reconciles Non-GAAP financial information with the Company's financial results under GAAP.

 

 


 

Business Outlook

 

For the second quarter of 2026, Tuniu expects to generate RMB134.9 million to RMB141.6 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2025. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change.

 

Share Repurchase Update

 

In August 2025, the Company's Board of Directors authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its ordinary shares or American depositary shares (“ADSs”) representing ordinary shares.

 

Effective April 22, 2026, the Company changed its ADS ratio from the previous ratio of one (1) ADS representing three (3) Class A ordinary shares to the current ratio of one (1) ADS representing thirty (30) Class A ordinary shares.

 

As of May 31, 2026, the Company had repurchased an aggregate of approximately 0.6 million ADSs (on a post-ratio change basis) for approximately US$4.9 million from the open market under the share repurchase program.

 

Conference Call Information

 

Tuniu’s management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on June 5, 2026, (8:00 pm, Beijing/Hong Kong Time, on June 5, 2026) to discuss the first quarter 2026 financial results.

 

To participate in the conference call, please dial the following numbers:

 

United States 1-888-346-8982
Hong Kong 800-905945
Chinese mainland 4001-201203
International 1-412-902-4272

 

Conference ID: Tuniu 1Q 2026 Earnings Conference Call

 

A telephone replay will be available one hour after the end of the conference call through June 12, 2026. The dial-in details are as follows:

 

United States 1-855-669-9658
International 1-412-317-0088

 

Replay Access Code: 9936168

 

Additionally, a live and archived webcast of the conference call will also be available on the Company’s investor relations website at http://ir.tuniu.com.

 

 


 

About Tuniu

 

Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

 

Safe Harbor Statement

 

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu’s products and services; its relationships with customers and travel suppliers; Tuniu’s ability to offer competitive travel products and services; Tuniu’s future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu’s structure, business and industry; the impact of health epidemics on Tuniu’s business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

 

About Non-GAAP Financial Measures

 

To supplement the Company's unaudited consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), the Company has provided non-GAAP information related to income/(loss) from operations, net income/(loss), net income/(loss) attributable to ordinary shareholders of Tuniu Corporation, which excludes share-based compensation expenses, amortization of acquired intangible assets and impairment of property and equipment, net. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We believe that the non-GAAP financial measures used in this press release are useful for understanding and assessing underlying business performance and operating trends, and management and investors benefit from referring to these non-GAAP financial measures in assessing our financial performance and when planning and forecasting future periods.

 

 


 

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Tuniu encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

 

For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and non-GAAP Results" set forth at the end of this press release.

 

For investor and media inquiries, please contact:

 

China

 

Mary Chen

 

Investor Relations Director

 

Tuniu Corporation

 

Phone: +86-25-6960-9988

 

E-mail: ir@tuniu.com

 

(Financial Tables Follow)

 

 


 

Tuniu Corporation

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands)

 

    December 31, 2025     March 31, 2026     March 31, 2026  
    RMB     RMB     US$  
ASSETS                        
Current assets                        
Cash and cash equivalents     207,228       217,057       31,467  
Restricted cash     10,222       9,476       1,374  
Short-term investments     853,704       745,577       108,086  
Accounts receivable, net     66,834       63,739       9,240  
Amounts due from related parties     1,293       1,060       154  
Prepayments and other current assets, net     157,558       140,154       20,318  
Total current assets     1,296,839       1,177,063       170,639  
                         
Non-current assets                        
Long-term investments     227,012       208,097       30,168  
Property and equipment, net     18,860       17,780       2,578  
Intangible assets, net     19,645       19,029       2,759  
Operating lease right-of-use assets, net     6,873       6,254       907  
Other non-current assets     30,754       30,663       4,445  
Total non-current assets     303,144       281,823       40,857  
Total assets     1,599,983       1,458,886       211,496  
                         
LIABILITIES AND EQUITY                        
Current liabilities                        
Short-term borrowings     35       -       -  
Accounts and notes payable     219,440       232,280       33,674  
Amounts due to related parties     980       1,607       233  
Salary and welfare payable     19,594       17,976       2,606  
Taxes payable     4,077       3,219       467  
Advances from customers     184,461       131,944       19,128  
Operating lease liabilities, current     3,340       3,391       492  
Accrued expenses and other current liabilities     204,388       112,420       16,299  
Total current liabilities     636,315       502,837       72,899  
                         
Non-current liabilities                        
Operating lease liabilities, non-current     1,023       941       136  
Deferred tax liabilities     4,534       4,390       636  
Total non-current liabilities     5,557       5,331       772  
Total liabilities     641,872       508,168       73,671  
                         
Equity                        
Ordinary shares     219       219       32  
Less: Treasury stock     (82,474 )     (87,332 )     (12,660 )
Additional paid-in capital     9,122,119       9,123,422       1,322,618  
Accumulated other comprehensive income     307,446       303,382       43,981  
Accumulated deficit     (8,317,009 )     (8,316,343 )     (1,205,617 )
Total Tuniu Corporation shareholders’ equity     1,030,301       1,023,348       148,354  
Noncontrolling interests     (72,190 )     (72,630 )     (10,529 )
Total equity     958,111       950,718       137,825  
Total liabilities and equity     1,599,983       1,458,886       211,496  

 

 


Tuniu Corporation

Unaudited Condensed Consolidated Statements of Comprehensive (Loss)/Income

(All amounts in thousands, except share and per share information)

 

    Quarter Ended     Quarter Ended     Quarter Ended     Quarter Ended  
    March 31, 2025     December 31, 2025     March 31, 2026     March 31, 2026  
    RMB     RMB     RMB     US$  
Revenues                                
Packaged tours     98,969       102,090       109,675       15,900  
Others     18,547       21,454       22,914       3,322  
Net revenues     117,516       123,544       132,589       19,222  
Cost of revenues     (48,169 )     (53,503 )     (59,033 )     (8,558 )
Gross profit     69,347       70,041       73,556       10,664  
                                 
Operating expenses                                
Research and product development     (14,528 )     (12,314 )     (13,556 )     (1,965 )
Sales and marketing     (43,188 )     (44,144 )     (50,488 )     (7,319 )
General and administrative     (22,755 )     (12,836 )     (13,483 )     (1,955 )
Other operating income     326       328       223       32  
Total operating expenses     (80,145 )     (68,966 )     (77,304 )     (11,207 )
(Loss)/income from operations     (10,798 )     1,075       (3,748 )     (543 )
Other income/(expenses)                                
Interest and investment income, net     7,829       1,749       5,692       825  
Interest expense     (551 )     (312 )     (211 )     (31 )
Foreign exchange (loss)/income, net     (1,521 )     (644 )     328       48  
Other (loss)/income, net     (364 )     247       (2,847 )     (413 )
(Loss)/income before income tax expense     (5,405 )     2,115       (786 )     (114 )
Income tax expense     (52 )     (474 )     (100 )     (14 )
Equity in income/(loss) of affiliates     105       (105 )     1,112       161  
Net (loss)/income     (5,352 )     1,536       226       33  
Net loss attributable to noncontrolling interests     (654 )     (10 )     (440 )     (64 )
Net (loss)/income attributable to ordinary shareholders of Tuniu Corporation     (4,698 )     1,546       666       97  
                                 
Net (loss)/income     (5,352 )     1,536       226       33  
Other comprehensive (loss)/income:                                
Foreign currency translation adjustment, net of nil tax     (861 )     (2,213 )     (4,064 )     (589 )
Comprehensive loss     (6,213 )     (677 )     (3,838 )     (556 )
                                 
Net (loss)/income per ordinary share attributable to ordinary shareholders - basic and diluted     (0.01 )     0.00       0.00       0.00  
Net (loss)/income per ADS - basic and diluted*     (0.30 )     0.00       0.00       0.00  
                                 
Weighted average number of ordinary shares used in computing basic (loss)/income per share     348,847,377       331,409,074       326,212,384       326,212,384  
Weighted average number of ordinary shares used in computing diluted (loss)/income per share     348,847,377       333,434,286       328,033,049       328,033,049  
Weighted average number of ADSs used in computing basic (loss)/income per share     11,628,246       11,046,969       10,873,746       10,873,746  
Weighted average number of ADSs used in computing diluted (loss)/income per share     11,628,246       11,114,476       10,934,435       10,934,435  
                                 
Share-based compensation expenses included are as follows:                                
Cost of revenues     65       65       63       9  
Research and product development     65       65       63       9  
Sales and marketing     31       32       30       4  
General and administrative     1,230       1,237       1,191       173  
Total     1,391       1,399       1,347       195  

 

*The Company changed the ratio of its ADSs to its Class A ordinary shares from the previous ratio of one (1) ADS representing three (3) Class A ordinary shares to current ratio of one (1) ADS representing thirty (30) Class A ordinary shares, effective April 22, 2026. Net (loss)/income per ADS - basic and diluted has been retroactively adjusted for all periods presented to reflect the current ADS ratio.

 


 

Reconciliations of GAAP and Non-GAAP Results

(All amounts in thousands)

 

    Quarter Ended March 31, 2026  
          Share-based     Amortization of Acquired     Impairment     Non-GAAP  
    GAAP Result     Compensation     Intangible Assets     of Property and Equipment, net     Result  
                               
Loss from operations     (3,748 )     1,347       591       -       (1,810 )
                                         
Net income     226       1,347       591       -       2,164  
                                         
Net income attributable to ordinary shareholders of Tuniu Corporation     666       1,347       591       -       2,604  

 

    Quarter Ended December 31, 2025  
          Share-based     Amortization of Acquired     Impairment     Non-GAAP  
    GAAP Result     Compensation     Intangible Assets     of Property and Equipment, net     Result  
                               
Income from operations     1,075       1,399       591       -       3,065  
                                         
Net income     1,536       1,399       591       -       3,526  
                                         
Net income attributable to ordinary shareholders of Tuniu Corporation     1,546       1,399       591       -       3,536  

 

    Quarter Ended March 31, 2025  
          Share-based     Amortization of Acquired     Impairment     Non-GAAP  
    GAAP Result     Compensation     Intangible Assets     of Property and Equipment, net     Result  
                               
Loss from operations     (10,798 )     1,391       764       3,316       (5,327 )
                                         
Net (loss)/income     (5,352 )     1,391       764       3,316       119  
                                         
Net (loss)/income attributable to ordinary shareholders of Tuniu Corporation     (4,698 )     1,391       764       3,316       773