Bitauto Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, revenue was RMB 1,545,442,000 against RMB 1,095,350,000 a year ago. Loss from operations was RMB 10,896,000 against RMB 66,465,000 a year ago. Profit before tax was RMB 9,202,000 against loss of RMB 73,450,000 a year ago. Net loss attributable to Bitauto Holdings Limited was RMB 117,371,000 against RMB 137,220,000 a year ago. Non-GAAP net income was RMB 156,940,000 against RMB 77,577,000 a year ago. Non-GAAP income from operations was RMB 223,096,000 against RMB 110,652,000 a year ago. Non-GAAP net income per diluted ADS was RMB 1.09 against RMB 0.61 a year ago. Basic and diluted net loss per ADS, each representing one ordinary share, in the first quarter of 2017 amounted to RMB 1.69 and RMB 1.78, respectively, taking into consideration the accretion to redeemable noncontrolling interests amounting to RMB 80.3 million.

The company currently expects to generate revenue in the range of RMB 1.83 billion to RMB 1.88 billion in the second quarter of 2017, representing a 30.4% to 34.0% increase from the corresponding period in 2016.