Tuniu Corporation reported a net profit of RMB 0.7 million for the second quarter of 2026, as revenue rose 3% year-over-year to RMB 138.9 million. The company’s gross profit declined 11% to RMB 76.4 million, while operating expenses increased 5% to RMB 82.5 million, driven by a 22% rise in sales and marketing spending.
Packaged tour revenue, which accounted for 87% of total revenue, grew 7% to RMB 121.1 million. Other revenue, including advertising services, fell 17% to RMB 17.8 million, with advertising revenue specifically down about 70% year-over-year. Research and development expenses decreased 16% to RMB 13.8 million, while general and administrative expenses dropped 20% to RMB 14.1 million.
Non-GAAP net income totaled RMB 2.2 million, marking the sixth consecutive quarter of profitability under that measure. The company held RMB 1 billion in cash and cash equivalents as of June 30, 2026, and generated RMB 46.9 million in operating cash flow during the quarter. Capital expenditures amounted to RMB 1.4 million.
Tuniu’s stock closed at $4.96 in regular trading, up 1.22%, after trading in a 52-week range of $4.53 to $9.847. The company operates approximately 500 offline stores, with transaction volumes growing at a double-digit pace year-over-year.
Travel mix shifts were evident in the quarter. Outbound tours contributed about 30% of total gross merchandise value, down from over one-third in the same period last year. The Middle East and Africa region saw transaction volumes decline more than 20% year-over-year, while Singapore, Malaysia, and the Americas posted healthy growth. A premium private tour package launched in Singapore in late June generated sales exceeding RMB 10 million.
Management guided for Q3 2026 revenue between RMB 202.1 million and RMB 212.2 million, implying 0% to 5% growth year-over-year. While no specific profit forecast was provided, executives stated an aim to achieve profitability for another quarter.
