58.com Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, total revenues were RMB 2,764,682,000 compared to RMB 2,094,773,000 a year ago. Income from operations was RMB 613,713,000 compared to RMB 193,529,000 a year ago. Income before tax was RMB 489,886,000 compared to loss of RMB 171,966,000 a year ago. Net income attributable to company was RMB 414,057,000 or RMB 1.39 per diluted share compared to loss of RMB 137,973,000 or RMB 0.48 per basic and diluted share a year ago. Non-GAAP income from operations was RMB 762,524,000 compared to RMB 317,712,000 a year ago. Non-GAAP net income attributable to company was RMB 549,021,000 or RMB 1.84 per diluted share compared to loss of RMB 22,693,000 or RMB 0.08 per basic and diluted share a year ago. Net earnings per ADS attributable to ordinary shareholders, diluted were RMB 2.78 compared to loss of RMB 0.95 a year ago. Non-GAAP net earnings per ADS attributable to ordinary shareholders, diluted were RMB 3.69 compared to loss of RMB 0.16 a year ago. Net cash provided by operating activities was RMB 875.8 million compared with net cash provided by operating activities of RMB 842.2 million in the same quarter of 2016.

For the year, the company reported total revenues of RMB 10,068,780,000 compared to RMB 7,592,127,000 a year ago. Income from operations was RMB 1,796,465,000 compared to RMB 233,707,000 a year ago. Income before tax was RMB 1,535,931,000 compared to loss of RMB 823,943,000 a year ago. Net income attributable to company was RMB 1,285,068,000 or RMB 4.35 per diluted share compared to loss of RMB 783,764,000 or RMB 2.73 per basic and diluted share a year ago. Non-GAAP income from operations was RMB 2,359,167,000 compared to RMB 730,010,000 a year ago. Non-GAAP net income attributable to company was RMB 1,794,992,000 or RMB 6.08 per diluted share compared to loss of RMB 253,634,000 or RMB 0.88 per basic and diluted share a year ago. Net earnings per ADS attributable to ordinary shareholders, diluted were RMB 8.70 compared to loss of RMB 5.46 a year ago. Non-GAAP net earnings per ADS attributable to ordinary shareholders, diluted were RMB 12.16 compared to loss of RMB 1.77 a year ago. Net cash provided by operating activities was RMB 2,697.3 million compared with net cash provided by operating activities of RMB 1,887.8 million during fiscal year 2016.

Based on the company's current operations, total revenues for the first quarter of 2018 are expected to be between RMB 2,290 million and RMB 2,390 million. This represents a year-over-year increase of 15.2% to 20.2% in Renminbi amounts. These estimates reflect the company's current and preliminary view, which is subject to change.