Bitauto Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of RMB 2,564,316,000 as compared to RMB 2,170,632,000 for the same period last year. Income from operations was RMB 107,042,000 as compared to RMB 12,766,000 for the same period last year. Profit before tax was RMB 101,257,000 as compared to RMB 39,821,000 for the same period last year. Net income attributable to the company was RMB 2,689,000 as compared to loss of RMB 162,231,000 for the same period last year. Non-GAAP net income attributable to the company was RMB 257,316,000 as compared to RMB 127,966,000 for the same period last year. Non-GAAP income from operations was RMB 429,104,000 as compared to RMB 294,222,000 for the same period last year. Basic and diluted net loss per ADS was RMB 0.02 against RMB 0.05 a year ago. Diluted non-GAAP net income per ADS was RMB 3.22 as compared to RMB 1.66 for the same period last year. Cash used in operating activities was RMB 239.8 million. The increase in revenue was attributable to the growth of the company's transaction services business and advertising and subscription business.

For the six months, the company reported revenue of RMB 4,735,461,000, loss from operations of RMB 206,285,000, loss before tax of RMB 199,495,000, net loss attributable to the company of RMB 164,875,000, non-GAAP net income attributable to the company of RMB 324,538,000, non-GAAP income from operations of RMB 437,067,000 and diluted non-GAAP net income per ADS of RMB 4.06.

For the third quarter 2018, the company currently expects to generate revenue in the range of RMB 2.66 billion to RMB 2.71 billion, representing a 22.9% to 25.2% increase from the corresponding period in 2017.