Yintech Investment Holdings Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. Revenues were RMB 268,468,000 against RMB 1,104,608,000 a year ago. Loss before income taxes was RMB 40,673,000 against RMB profit of 474,226,000 a year ago. Net loss was RMB 63,092,000 against RMB profit of 474,226,000 a year ago. Net loss attributable to company RMB 50,266,000 against RMB profit of 381,273,000 a year ago. Diluted loss per ADS for the quarter was RMB 0.69, compared to diluted earnings per ADS of RMB 5.14 in the same quarter last year and diluted loss per ADS of RMB 0.72 in the previous quarter. Non-GAAP net loss attributable to company for the quarter was RMB 29.1 million, compared to net income of RMB 397.4 million in the same quarter last year and net income of RMB 61.4 million in the previous quarter. Non-GAAP diluted loss per ADS for the quarter were RMB 0.40 compared with non-GAAP diluted earnings per ADS of RMB 5.36 in the same quarter last year and non-GAAP diluted earnings per ADS of RMB 0.81 in the previous quarter.

For the second quarter of 2018, the company's revenues will be in the range of RMB 280 million to RMB 300 million.