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Tuniu Announces Unaudited First Quarter 2021 Financial Results -- NANJING , China , June 3 , 2021 Tuniu Corporation ( NASDAQ : TOUR ) ( " Tuniu " or the " Company " ) , a leading online leisure travel company in China , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . " We are excited to see that China's domestic travel market has been recovering at a rapid pace . As a leading high - quality tourism company in China , Tuniu is benefiting from the strong market momentum as travelers increasingly trust us to provide integrated services including product development , destination services and reservations . Looking ahead , we will continue to create more innovative products and services to fulfill our mission of making travel easier . " said Mr. Donald Dunde Yu , Tuniu's founder , Chairman and Chief Executive Officer . " In the first quarter , we further improved our operating efficiency as operating expenses continued to decline . As market conditions continue to improve , Tuniu will be on the right track to create long - term value for customers and shareholders . " First Quarter 2021 Results Net revenues were RMB77.4 million ( US $ 11.8 million 1 ) in the first quarter of 2021 , representing a year - over - year decrease of 55.5 % from the corresponding period in 2020. The decrease was primarily due to the negative impact brought by the outbreak and spread of COVID - 19 . • Revenues from packaged tours were RMB45.4 million ( US $ 6.9 million ) in the first quarter of 2021 , representing a year - over - year decrease of 62.3 % from the corresponding period in 2020. The decrease was primarily due to the decline in travel to international destinations impacted by the outbreak and spread of COVID - 19 . Other revenues were RMB32.0 million ( US $ 4.9 million ) in the first quarter of 2021 , representing a year - over - year decrease of 40.5 % from the corresponding period in 2020. The decrease was primarily due to the decline in revenues generated from financial services . Cost of revenues was RMB48.7 million ( US $ 7.4 million ) in the first quarter of 2021 , representing a year - over - year decrease of 40.2 % from the corresponding period in 2020. As a percentage of net revenues , cost of revenues was 63.0 % in the first quarter of 2021 , compared to 46.8 % in the corresponding period in 2020 . Gross profit was RMB28.7 million ( US $ 4.4 million ) in the first quarter of 2021 , representing a year - over - year decrease of 69.0 % from the corresponding period in 2020 . Operating expenses were RMB83.5 million ( US $ 12.7 million ) in the first quarter of 2021 , representing a year - over - year decrease of 72.9 % from the corresponding period in 2020 . Share - based compensation expenses , amortization of acquired intangible assets and 1 The conversion of Renminbi ( " RMB " ) into United States dollars ( " US $ " ) is based on the exchange rate of US $ 1.00 RMB 6.5518 on March 31 , 2021 as set forth in H.10 statistical release of the U.S. Federal Reserve Board and available at https : //www.federal reserve.gov/releases/h10/default.htm .