Tuniu Corporation
Unaudited Condensed Consolidated Statements of Comprehensive Loss
 
    Year Ended     Year Ended     Year Ended  
    December 31,2014     December 31,2015     December 31,2015  
      RMB       RMB       US$  
                         
Revenues                        
Organized tours     3,432,825,480       7,358,879,189       1,136,015,189  
Self-guided tours     93,125,546       194,162,147       29,973,470  
Others     28,756,346       127,744,536       19,720,358  
Total revenues     3,554,707,372       7,680,785,872       1,185,709,017  
Less: Business and related taxes     (19,768,193 )     (35,526,213 )     (5,484,302 )
Net revenues     3,534,939,179       7,645,259,659       1,180,224,715  
Cost of revenues     (3,308,800,795 )     (7,274,675,420 )     (1,123,016,367 )
Gross profit     226,138,384       370,584,239       57,208,348  
                         
Operating expenses                        
Research and product development     (104,881,535 )     (298,199,228 )     (46,034,028 )
Sales and marketing     (434,191,090 )     (1,154,155,011 )     (178,170,831 )
General and administrative     (166,987,647 )     (385,442,097 )     (59,502,006 )
Other operating income     6,901,814       12,174,709       1,879,451  
Total operating expenses     (699,158,458 )     (1,825,621,627 )     (281,827,414 )
Loss from operations     (473,020,074 )     (1,455,037,388 )     (224,619,066 )
Other income/(expenses)                        
Interest income     31,283,593       76,516,227       11,812,070  
Foreign exchange related gains/(losses), net     (5,333,644 )     (83,118,274 )     (12,831,250 )
Other loss, net     (787,726 )     (1,334,269 )     (205,976 )
Loss before income tax expense     (447,857,851 )     (1,462,973,704 )     (225,844,222 )
Income taxes expense /(benefit)     -       (589,481 )     (91,000 )
Net loss     (447,857,851 )     (1,462,384,223 )     (225,753,222 )
Less:Net loss attributable to noncontrolling interests     -       (3,005,579 )     (463,982 )
Add: Deemed dividends to preferred shareholders     (15,605,908 )     -       -  
Net loss attributable to ordinary shareholders     (463,463,759 )     (1,459,378,644 )     (225,289,240 )
                         
Net loss     (447,857,851 )     (1,462,384,223 )     (225,753,222 )
Other comprehensive loss:                        
Foreign currency translation adjustment, net of nil tax     (1,357,458 )     188,105,650       29,038,508  
Comprehensive loss     (449,215,309 )     (1,274,278,573 )     (196,714,714 )
                         
Loss per share                        
Net loss per ordinary share attributable to ordinary
shareholders - basic and diluted
    (4.38 )     (5.88 )     (0.91 )
Net loss per ADS - basic and diluted*     (13.15 )     (17.63 )     (2.72 )
Weighted average number of ordinary shares used in
computing basic and diluted loss per share
    105,746,313       248,362,837       248,362,837  
                         
Share-based compensation expenses included are as follows:                        
Cost of revenues     799,880       784,680       121,134  
Research and product development     1,971,655       3,537,691       546,125  
Sales and marketing     856,858       1,135,795       175,337  
General and administrative     35,544,285       59,684,988       9,213,774  
Total     39,172,678       65,143,154       10,056,370  

 

 

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