Yintech Investment Holdings Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company announced revenues of RMB 520,458,000 compared to RMB 217,916,000 for the same period a year ago. Income before income taxes was RMB 124,585,000 compared to loss of RMB 51,319,000 for the same period a year ago. Net income attributable to the company was RMB 85,406,000 or RMB 1.06 per diluted ADS share compared to loss of RMB 48,520,000 or RMB 0.64 per diluted ADS share for the same period a year ago. Non-GAAP net income attributable to the company was RMB 131,750,000 or RMB 1.79 per diluted ADS share compared to loss of RMB 31,037,000 or RMB 0.41 per diluted ADS share for the same period a year ago. The year-over-year decrease was mainly due to a decrease in commissions and fees from spot commodities services. The sequential decrease was mainly due to a decrease in net commissions and fees from spot and futures commodities services which was partially offset by an increase in net commissions and fees from securities services.

For the six months, the company announced revenues of RMB 1,573,930,000 compared to RMB 460,488,000 for the same period a year ago. Income before income taxes was RMB 598,811,000 compared to loss of RMB 91,992,000 for the same period a year ago. Net income attributable to the company was RMB 466,110,000 or RMB 6.30 per diluted ADS share compared to loss of RMB 98,786,000 or RMB 1.39 per diluted ADS share for the same period a year ago. Non-GAAP net income attributable to the company was RMB 529,158,000 or RMB 7.14 per diluted ADS share compared to loss of RMB 60,103,000 or RMB 0.85 per diluted ADS share for the same period a year ago.

For the third quarter 2018, the company expects revenues will be in the range of RMB 260.0 million to RMB 280.0 million.