The One Dish to Try (Five Different Ways) in Bangkok
In Bangkok, you'll spot khao gaeng everywhere: at a stall that opens at 2 a.m., opposite the city's main wholesale food market; outside a mosque where worshipers congregate after they answer the call to prayer; along the buzzing streets, where the sound of spoons scratching plates adds to the city's cacophony. At each, you'll be confronted by a vast selection of pots, bowls and pans filled with fragrant curries alongside mountains of rice. To order, just point to the two or three saucy dishes you want ladled onto a mound of rice. Typically, you won't pay more than $2 for an ample meal.
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The dial-in details are as follows: United States 1-877-344-7529 International 1-412-317-0088 Replay Access Code: 8828112 Additionally, a live and archived webcast of the conference call will also be available on the Company's investor relations website at About Tuniu Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; Tuniu's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu's structure, business and industry; the impact of health epidemics on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law. About Non-GAAP Financial Measures To supplement the Company's unaudited consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), the Company has provided non-GAAP information related to income from operations, net income, net income attributable to ordinary shareholders of Tuniu Corporation, which excludes share-based compensation expenses, amortization of acquired intangible assets, net gain on disposals of subsidiaries and impairment of property and equipment, net. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We believe that the non-GAAP financial measures used in this press release are useful for understanding and assessing underlying business performance and operating trends, and management and investors benefit from referring to these non-GAAP financial measures in assessing our financial performance and when planning and forecasting future periods. This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Tuniu encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and non-GAAP Results" set forth at the end of this press release. (Financial Tables Follow) Tuniu Corporation Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands, except per share information) December 31, 2024 June 30, 2025 June 30, 2025 RMB RMB US$ ASSETSCurrent assetsCash and cash equivalents 465,004438,08461,154 Restricted cash 26,06110,7151,496 Short-term investments 432,823626,58887,468 Accounts receivable, net 43,31363,5808,875 Amounts due from related parties 75254876 Prepayments and other current assets 235,443294,00741,042 Total current assets 1,203,3961,433,522200,111 Non-current assetsLong-term investments 534,041349,13048,737 Property and equipment, net 32,84919,8392,769 Intangible assets, net 22,21020,5202,864 Land use right, net 88,467-- Operating lease right-of-use assets, net 9,2668,0851,129 Other non-current assets 19,20819,2922,693 Total non-current assets 706,041416,86658,192 Total assets 1,909,4371,850,388258,303 LIABILITIES AND EQUITYCurrent liabilitiesShort-term borrowings 36365 Accounts and notes payable 290,112348,32348,624 Amounts due to related parties 3,1214,257594 Salary and welfare payable 23,14820,4702,858 Taxes payable 5,0601,176164 Advances from customers 247,151193,41326,999 Operating lease liabilities, current 2,9943,163442 Accrued expenses and other current liabilities 322,034307,27242,891 Total current liabilities 893,656878,110122,577 Non-current liabilitiesOperating lease liabilities, non-current 1,6801,373192 Deferred tax liabilities 5,1514,821673 Total non-current liabilities 6,8316,194865 Total liabilities 900,487884,304123,442 EquityOrdinary shares 24924935 Less: Treasury stock (329,668)(352,079)(49,148) Additional paid-in capital 9,146,9289,119,6361,273,052 Accumulated other comprehensive income 313,460310,97443,410 Accumulated deficit (8,050,378)(8,040,550)(1,122,417) Total Tuniu Corporation shareholders' equity 1,080,5911,038,230144,932 Noncontrolling interests (71,641)(72,146)(10,071) Total equity 1,008,950966,084134,861 Total liabilities and equity 1,909,4371,850,388258,303 Tuniu Corporation Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss) (All amounts in thousands, except per share information) Quarter Ended Quarter Ended Quarter Ended Quarter Ended June 30, 2024 March 31, 2025 June 30, 2025 June 30, 2025 RMB RMB RMB US$ RevenuesPackaged tours 89,78298,969113,40415,831 Others 27,15518,54721,4502,994 Net revenues 116,937117,516134,85418,825 Cost of revenues (32,530)(48,169)(48,865)(6,821) Gross profit 84,40769,34785,98912,004 Operating expensesResearch and product development (12,693)(14,528)(16,403)(2,290) Sales and marketing (40,222)(43,188)(45,019)(6,284) General and administrative (21,737)(22,755)(17,760)(2,479) Other operating income 24,73532631244 Total operating expenses (49,917)(80,145)(78,870)(11,009) Income/(Loss) from operations 34,490(10,798)7,119995 Other income/(expenses)Interest and investment income, net 8,2217,8297,2791,016 Interest expense (1,230)(551)(583)(81) Foreign exchange losses, net (1,282)(1,521)(804)(112) Other income/(loss), net 1,822(364)(55)(8) Income/(loss) before income tax expense 42,021(5,405)12,9561,810 Income tax expense (459)(52)(274)(38) Equity in income of affiliates 1,4381051,423199 Net income/(loss) 43,000(5,352)14,1051,971 Net loss attributable to noncontrolling interests (22)(654)(421)(59) Net income/(loss) attributable to ordinary shareholders of Tuniu Corporation 43,022(4,698)14,5262,030 Net income/(loss) 43,000(5,352)14,1051,971 Other comprehensive income/(loss):Foreign currency translation adjustment, net of nil tax 4,301(861)(1,625)(227) Comprehensive income/(loss) 47,301(6,213)12,4801,744 Net income/(loss) per ordinary share attributable to ordinary shareholders - basic and diluted 0.12(0.01)0.040.01 Net income/(loss) per ADS - basic and diluted* 0.36(0.03)0.120.03 Weighted average number of ordinary shares used in computing basic income/(loss) per share 363,061,543348,847,377343,694,559343,694,559 Weighted average number of ordinary shares used in computing diluted income/(loss) per share 365,317,172348,847,377345,928,965345,928,965 Share-based compensation expenses included are as follows:Cost of revenues 6565659 Research and product development 6565659 Sales and marketing 3131324 General and administrative 1,4291,2301,244174 Total 1,5901,3911,406196 *Each ADS represents three of the Company's ordinary shares. 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