Key Highlights

  • Tuniu (NASDAQ:TOUR) showed an indicated Yield of 24.88% at USD 4.73 per ADS on the high-dividend screen on November 6, 2026, down 0.96%, with a Market Value of about USD 48.6 million.
  • The yield traces to a cash Dividend of USD 1.197 per ADS, paid around May 20, 2026 under a three-year Shareholder return plan, with total payments of about USD 13 million.
  • A one-for-ten ADS ratio change took effect on April 22, 2026, so each ADS now represents 30 Class A shares, which lifted the per-ADS dividend and price.
  • Second-quarter 2026 Revenue rose 3.0% to RMB 138.9 million, but Net Income fell to RMB 0.3 million from RMB 14.1 million a year earlier.

Where the Yield Comes From

The 24.88% figure for Tuniu (NASDAQ:TOUR) is based on a single Cash Dividend declared on March 20, 2026 as part of a three-year shareholder return plan. The payment equalled USD 0.0399 per ordinary share, or USD 1.197 per ADS after the ratio change, with a Record Date of May 4 and payment around May 20. Divided by the current price of USD 4.73, that amount equals about 25%, in line with the screen figure. The trailing yield column on the same screen reads 0.00%, which conflicts with the May payment and shows the data should be read with care. Because the plan spans three years, further payouts are possible, but no new dividend has been declared since May. The yield therefore reflects one annual-style payment rather than a regular schedule, and its repeat depends on future board decisions.

How the Business Is Performing

The Chinese online travel agency reported second-quarter net revenue of RMB 138.9 million, up 3.0% from a year earlier, but Gross Profit fell 11.1% to RMB 76.4 million. The company posted a loss from operations of RMB 6.1 million against Operating Income of RMB 7.1 million a year earlier, and net income dropped to RMB 0.3 million from RMB 14.1 million. Non-GAAP net income was RMB 1.9 million. Cash and investments of about RMB 1.0 billion at June 30 give the company room to fund returns, and it had repurchased about 0.7 million ADSs for around USD 5.2 million under a USD 10 million programme by July 31. Third-quarter revenue guidance was RMB 202.1 million to RMB 212.2 million, implying growth of 0% to 5%. The screen shows trailing EPS of USD 0.28 and a P/E of 16.77, with EPS down 19.59%.

Sustainability and What to Watch

The cash balance suggests that another payment of similar size is affordable, since USD 13 million is a modest share of about RMB 1.0 billion in cash and investments. Earnings, however, have weakened sharply, which reduces the Margin of safety if travel Demand softens. The main risks are competition in Chinese online travel, pressure on margins and limited trading liquidity, with Volume of fewer than 1,000 ADSs on November 6. No company announcement dated November 4 to 6 was found, so the 0.96% fall has no confirmed catalyst. Investors should watch third-quarter results, any update on the return plan and the pace of buybacks.

Where Things Stand

Tuniu screens at a 24.88% yield because a USD 1.197 per ADS dividend paid in May 2026 is measured against a USD 4.73 price. The payment came under a three-year return plan, so a repeat is possible, but none has been declared. A cash and Investment balance of about RMB 1.0 billion supports capacity, while profit fell sharply in the second quarter. Third-quarter results and any plan update are the next markers, and the timing of a second payment under the plan would show whether the return programme is annual in practice.