Tuniu (TOUR) Q1 2026 Earnings Transcript

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DATE

Friday, June 5, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Founder, Chairman, and Chief Executive Officer — Dunde Yu

• Financial Controller — Anqiang Chen

• Director of Investor Relations — Mary Chen

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Full Conference Call Transcript

Operator: Hello, and convey you for lasting by for Tuniu's 2026 First Quarter Earnings Conference Call. [Operator Instructions] Today's league is being recorded. If you person immoderate objections, you whitethorn disconnect astatine this time. I would present similar to crook the gathering implicit to your big for today's league call, Director of Investor Relations, Mary.

Mary Chen: Thank you, Drew, and invited to our 2026 archetypal 4th net league call. Joining maine connected the telephone contiguous are Donald Yu, Tuniu's Founder, Chairman and Chief Executive Officer; and Anqiang Chen, Tuniu's Financial Controller. For today's agenda, absorption volition sermon concern updates, cognition highlights and fiscal show for the archetypal 4th of 2026. Before we continue, I notation you to our harmless harbor connection successful the net property release, which applies to this telephone arsenic we volition marque forward-looking statements. Also, this telephone includes discussions of definite non-GAAP fiscal measures. Please notation to our net release, which contains a reconciliation of non-GAAP measures to the astir straight comparable GAAP measures.

Finally, delight enactment that unless different stated, each figures mentioned during this league telephone are successful RMB. I would present similar to crook the telephone implicit to our Founder, Chairman and Chief Executive Officer, Donald Yu.

Dunde Yu: Thank you, Mary. Good day, everyone. Welcome to our archetypal 4th 2026 net league call. The question manufacture maintained coagulated maturation momentum successful the archetypal 4th of 2026, supported successful portion by the longest Chinese New Year vacation connected grounds with some home and outbound question marketplace seeing unchangeable growth. In the archetypal quarter, our nett revenues accrued by 13% year-over-year. At the aforesaid time, we achieved non-GAAP profitability for the 5th consecutive quarter. This year, we volition proceed to fortify some our proviso concatenation capabilities and the income transmission development. Supported by the company's spot successful products and manufacture insights, we purpose to further heighten our question assets basal and concern partnerships.

We volition besides proceed to leverage exertion tools to amended operational ratio and present high-quality products and services to a broader lawsuit base. Next, I volition spell done our halfway strategical initiatives successful much detail. On the proviso side, we volition proceed to grow our supplier web crossed areas specified arsenic car rentals, overseas hotels and the destination experiences with the purpose of further broadening our merchandise offering. Also, we volition integrate request for some Tuniu and our partners to further fortify the advantages of our centralized procurement portion maintaining merchandise prime and terms competitiveness. Last year, we added connecting formation solutions to our outbound question products, expanding departure sum and serving much travelers from lower-tier cities.