Donald Yu

“Welcome to our second quarter 2026 earnings conference call. supported by durable policies such as the introduction of spring briefs. The domestic travel market maintained steady growth in the second quarter.”

“The travel industry maintained solid growth momentum in the first quarter of 2026, in part by the longest Chinese New Year holiday on record, with both domestic and outbound travel markets seeing stable growth.”

“In the fourth quarter, our business continued to maintain solid growth momentum. Net revenues increased by 20% year-over-year, exceeding our previous guidance. While revenues from our core package tool products grow at an even faster pace, rising 35% year-over-year, we achieve end-the-year.”

“In the third quarter, with the peak travel season approaching, demand for travel accelerated and the tourism industry demonstrated thriving growth. Tuniu also recorded year-over-year growth in both transaction volume and the number of trips booked.”

“In the second quarter, we saw a robust performance across the travel sector as the holiday period helped sustain strong consumer demand. During this holiday, Tuniu recorded year-over-year growth in both transaction volume and the number of trips.”