Tuniu Corporation
Unaudited Condensed Consolidated Statements of Comprehensive Loss
 
    Quarter Ended     Quarter Ended     Quarter Ended     Quarter Ended  
    December 31, 2014     September 30, 2015     December 31, 2015     December 31, 2015  
    RMB     RMB     RMB     US$  
                         
Revenues                                
Organized tours     896,039,539       2,886,591,085       1,804,448,874       278,558,905  
Self-guided tours     28,610,275       66,973,785       52,197,956       8,057,976  
Others     8,852,058       44,591,939       47,296,631       7,301,341  
Total revenues     933,501,872       2,998,156,809       1,903,943,461       293,918,222  
Less: Business and related taxes     (4,803,392 )     (14,563,243 )     (8,736,802 )     (1,348,729 )
Net revenues     928,698,480       2,983,593,566       1,895,206,659       292,569,493  
Cost of revenues     (867,129,831 )     (2,815,401,535 )     (1,815,557,466 )     (280,273,776 )
Gross profit     61,568,649       168,192,031       79,649,193       12,295,717  
                                 
Operating expenses                                
Research and product development     (38,717,404 )     (87,149,910 )     (106,010,851 )     (16,365,255 )
Sales and marketing     (143,091,536 )     (337,994,549 )     (394,819,153 )     (60,949,574 )
General and administrative     (59,237,000 )     (103,898,918 )     (146,589,168 )     (22,629,468 )
Other operating income     2,996,602       2,162,148       6,336,349       978,163  
Total operating expenses     (238,049,338 )     (526,881,229 )     (641,082,823 )     (98,966,134 )
Loss from operations     (176,480,689 )     (358,689,198 )     (561,433,630 )     (86,670,417 )
Other income/(expenses)                                
Interest income     8,621,182       28,579,814       21,848,265       3,372,791  
Foreign exchange related gains/(losses), net     (63,170 )     (103,545,323 )     (9,541,992 )     (1,473,030 )
Other loss, net     (116,934 )     (683,995 )     (109,417 )     (16,891 )
Loss before income tax expense     (168,039,611 )     (434,338,702 )     (549,236,774 )     (84,787,547 )
Income taxes expense /(benefit)     -       (615,292 )     215,393       33,251  
Net loss     (168,039,611 )     (433,723,410 )     (549,452,167 )     (84,820,798 )
Less:Net loss attributable to noncontrolling interests     -       (418,793 )     (2,496,575 )     (385,405 )
Net loss attributable to ordinary shareholders     (168,039,611 )     (433,304,617 )     (546,955,592 )     (84,435,393 )
                                 
Net loss     (168,039,611 )     (433,723,410 )     (549,452,167 )     (84,820,798 )
Other comprehensive loss:                                
Foreign currency translation adjustment, net of nil tax     (3,547,388 )     150,250,056       38,183,320       5,894,489  
Comprehensive loss     (171,586,999 )     (283,473,354 )     (511,268,847 )     (78,926,309 )
                                 
Loss per share                                
Net loss per ordinary share attributable to ordinary
shareholders - basic and diluted
    (1.12 )     (1.51 )     (1.91 )     (0.29 )
Net loss per ADS - basic and diluted*     (3.35 )     (4.54 )     (5.73 )     (0.88 )
Weighted average number of ordinary shares used in
computing basic and diluted loss per share
    150,645,691       286,115,390       286,488,559       286,488,559  
                                 
Share-based compensation expenses included are as follows:                                
Cost of revenues     78,585       213,480       210,866       32,552  
Research and product development     473,176       837,924       1,128,572       174,221  
Sales and marketing     133,608       305,277       302,356       46,676  
General and administrative     10,283,880       16,633,511       20,839,126       3,217,007  
Total     10,969,249       17,990,192       22,480,920       3,470,456  

 

 

*Each ADS represents three of the Company's ordinary shares.