On the evening of November 21st, Tuniu Tourism Network (NASDAQ: TOUR) released its unaudited performance report for the third quarter as of September 30, 2023. According to financial report data, the net income for the quarter was 178.2 million yuan, a year-on-year increase of 128.9%; The revenue from packaged tourism products was 150.1 million yuan, a year-on-year increase of 262.1%; The non US accounting standard net profit was 45.5 million yuan, and the net profit turned positive year-on-year.
Benefiting from the explosive growth of tourism consumption during the summer and Mid Autumn National Day holidays, Tuniu Tourism Network has exceeded 39 million yuan and 43 million yuan in daily e-commerce transactions (GMV) for its "6.16" and "7.16" members since the Dragon Boat Festival holiday. The domestic tourism market has maintained a high passenger flow, and the peak travel period has continued until mid August. After entering September, with the interweaving of multiple needs such as "family visits, autumn appreciation, and Asian Games", as well as the advantages of "super long golden week" and "paid vacation", the first wave of travel peak during the Mid Autumn and National Day holiday also appeared nearly a week earlier than in previous years. While seizing the peak season window to achieve revenue recovery, we firmly adhere to the goals of improving operational efficiency and profitable growth. The company continues to leverage its competitive advantages in areas such as products, services, and technology, winning more customers' favor with high-quality experiences, and achieving long-term sustainable development of revenue. "said Mr. Yu Dunde, CEO of Tuniu Tourism Network.
In terms of live broadcast, GMV of the company has reached new heights since this year, and Tuniu small player MCN organization has always been at the top of the list of Tiktok life service organizations. Data shows that from June to August, Tuniu Live GMV reached 498 million yuan. Among them, the transaction volume of live streaming account @ East China small player exceeded 140 million yuan in August, and the transaction volume of live streaming account @ Jiangsu Zhejiang Shanghai peripheral games exceeded 120 million yuan in August. At the same time, the company is also accelerating the cooperation and incubation of talent, building an industry chain that includes over 40 in-house full-time anchors, over 130 incubated talent, over 200 institutional contracted anchors, and over 3000 cooperating talent from Tuniu, with a nationwide distribution of wine and tourism talent matrix and efficient collaboration.
With the continuous growth of business volume, the digital integration technology and automation system continuously invested by Tuniu Tourism Network have played an important role in increasing production and efficiency, promoting profitability, and other aspects. It is reported that through the widespread application of intelligent systems and tools, the company has achieved intelligent optimization of resource and business configuration, improved the effective utilization of resources, and reduced manual intervention in standard business processes. At present, the company has basically achieved automated closed-loop in supply chain, sales and other links, and has comprehensively improved its market competitiveness and sustainable development ability. At the same time, by accelerating supply chain recovery, expanding the supply of high-quality products, and improving service quality and efficiency, the company has continuously optimized user travel experience and satisfaction since the beginning of this year. The "Niuren Special Line" service provides "0 shopping" protection on the basis of compensation in advance, group guarantee, worry free room sharing, refund and reform guarantee, exclusive consultant and other rights, greatly improving the experience of tourists traveling with groups. Faced with the summer wave of concentrated user travel, the overall satisfaction of "Niuren Special Line" customers has always remained stable at over 98%.