What does tuniu, who has received the “delisting warning letter”, take to save its performance?

Recently, Nanjing tuniu Technology Co., Ltd. (hereinafter referred to as tuniu, NASDAQ: Tour) is a bit difficult. < p > < p > as the fourth Chinese online travel listed company in the US stock market, tuniu recently disclosed the third quarter report of 2020. According to the data, the company’s net loss in the third quarter of this year was 62 million yuan, compared with 13 million yuan in the same period of last year. < / P > < p > to further extend the time dimension, researchers of investment times noticed that this is the eighth consecutive quarter in which the company is in a state of net loss. From the perspective of annual performance, the company’s performance has shown a net loss trend every year since its listing. From 2014 to 2019, the company’s total loss has exceeded 6 billion yuan. < / P > < p > at the same time, it should be noted that at present, the competition of online tourism platforms is fierce. Under the strong competition of Ctrip, Ali and meituan, the labor cost of tuniu, which mainly relies on group tourism projects, is under great pressure. Under the background that the global epidemic has not been completely controlled, it remains to be seen when the company will get out of the net loss. < p > < p > according to the public information, tuniu was officially listed on NASDAQ in 2014. As an old OTA platform, tourism revenue is the main revenue source of the company. According to the data, the company’s net income in the third quarter of this year was about 124 million yuan, a year-on-year decrease of 85.5%, but a month on month increase of 263.11%; the net loss in the same period was 62 million yuan, a year-on-year decrease of 59.87% compared with the second quarter of this year. It can be seen that although the company’s single quarter performance in the third quarter of this year is warmer than that in the second quarter, there is still a big gap between the year-on-year growth rate and that in the same period of last year. < / P > < p > in terms of business lines, during the reporting period, the company’s tourism revenue (mainly including group tour and self-service tour) was 86 million yuan, a year-on-year decrease of 88.4%; other revenue was 37 million yuan, a year-on-year decrease of 64.8%. < / P > < p > the researcher of investment Times noted that in the third quarter of this year, the revenue from packaged tourism products accounted for 69.35% of the company’s current net revenue, which was its main revenue generating business. For the decrease in tourism revenue during the reporting period, the company explained that “the main reason for the decrease was the decrease in travel expenses to international destinations affected by the outbreak and spread of cowid-19”. As everyone knows, the outbreak of novel coronavirus pneumonia has a serious impact on the tourism industry, especially in the first half of the year, which is more serious in

. According to the data released by China Tourism Research Institute, the number of domestic tourists in the first half of this year was 1.168 billion, a year-on-year decrease of 62%, and the domestic tourism revenue was 0.64 trillion yuan, a year-on-year decrease of 77%. Meanwhile, it is estimated that the number of domestic tourists in the second half of 2020 will be 3.426 billion, a year-on-year decrease of 43%, and the domestic tourism revenue will be 2.76 trillion yuan, a year-on-year decrease of 52%. < / P > < p > it should be noted that on October 21 this year, the Ministry of culture and tourism issued a notice on epidemic prevention in autumn and winter, specifying that the entry-exit team tourism and “Hotel + air ticket” business of travel agencies and online tourism enterprises will not be resumed temporarily. For tuniu whose income mainly depends on tourism business, the degree of epidemic control has become the main variable affecting its income. < / P > < p > for the fourth quarter performance outlook, the company said in the third quarter report that it expects to achieve net income of 112.8 million yuan to 135.4 million yuan in the fourth quarter of 2020, a year-on-year decline of 70% to 75%. < / P > < p > since 2020, the company has been losing money in the first three quarters. According to the data, from the first quarter to the third quarter of this year, the company’s net loss was about 205 million yuan, 155 million yuan and 62 million yuan respectively, with a cumulative loss of 422 million yuan.

‘s novel coronavirus pneumonia epidemic was the main reason for the quarterly net loss in the first quarter to the third quarter of this year. < / P > < p > the revenue of tuniu mainly comes from its tourism business. Obviously, the epidemic situation will have a great impact on its performance. However, if further analysis is made, researchers of investment times have noticed that even before the outbreak of the epidemic, the company’s performance has shown a trend of net loss. < / P > < p > based on the quarterly single quarter performance data, from the fourth quarter of 2018 to the third quarter of 2020, the company’s quarterly single quarter performance shows a trend of net loss, that is, the company has recorded net loss for eight consecutive quarters, with a total loss of 1.225 billion yuan. < / P > < p > in addition, if the annual performance data is taken as the analysis benchmark, researchers of investment times have noticed that the annual performance of the company has been in the state of net loss since it was listed in 2014. Specifically, from 2014 to 2019, the company’s loss for six consecutive years is as high as 6.035 billion yuan. If the net loss in the first three quarters of this year is added up to 422 million yuan, the company’s total net loss since listing is 6.457 billion yuan. < / P > < p > perhaps the poor performance has affected the company’s share price performance in the secondary market. On the evening of May 22 this year, the company announced that it had received a notice letter signed by the NASDAQ listing qualification Department on May 18, reminding that its share price has been less than $1 for 30 consecutive trading days. < / P > < p > according to the relevant provisions of the NASDAQ listing rules, the company has a compliance period of 180 days to meet the minimum bid price requirement of NASDAQ again. Taking into account the novel coronavirus pneumonia epidemic impact on the market, if the company’s stock price can be held before December 28, 2020, the closing price of the 10 consecutive trading day is higher than 1 U.S. dollars, it can get the NASDAQ written certification to pass the delisting observation period. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.