Lentuo International Inc. reported consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported total revenues of RMB 756,800,000 against RMB 598,183,000 for the same period last year. Operating income was RMB 39,142,000 against RMB 56,581,000 for the same period last year. The change in operating income was primarily the result of a decrease in gross profit and increased expenses as a result of expanding operations. Income before income tax expenses was RMB 22,461,000 against RMB 42,741,000 for the same period last year. Net income and comprehensive income attributable to controlling interest was RMB 16,766,000 or RMB 0.28 per basic and diluted share against RMB 29,900,000 or RMB 0.51 per basic and diluted share for the same period last year. The company announced that the opening of the new store in Beijing is scheduled for the third quarter of 2012.