Bitauto Holdings Limited announced unaudited consolidated financial results for the quarter ended March 31, 2018. For the quarter, the company reported revenue of RMB 2,171,145,000 against RMB 1,545,442,000 a year ago. Loss from operations was RMB 313,327,000 against RMB 10,896,000 a year ago. Loss before tax was RMB 300,752,000 against profit of RMB 9,202,000 a year ago. Net loss attributable to Bitauto Holdings Limited was RMB 167,564,000 against RMB 117,371,000 a year ago. Non-GAAP net income attributable to Bitauto Holdings Limited was RMB 67,222,000 against RMB 86,023,000 a year ago. Non-GAAP net income per ADS diluted were RMB 0.84 against RMB 1.09 a year ago.

The company also provided earnings guidance for second quarter of 2018. The company expected to generate revenue in the range of RMB 2.47 billion to RMB 2.52 billion in the second quarter of 2018, representing a 23.8% to 26.3% increase from the corresponding period in 2017.