Auto first quarter net income of 342 million yuan Rose 67.3%

Absrtact: May 6, Auto released its first-quarter unaudited earnings as at March 31, 2014. Earnings showed the first quarter of auto net income of 342 million yuan (about 55 million U.S. dollars), an increase of 67.3%; auto first quarter net profit

May 6 News, Auto released today as at March 31, 2014 of the first quarter of the unaudited earnings. Earnings showed that the first quarter of auto net income of 342 million yuan (about 55 million U.S. dollars), an increase of 67.3% per cent, auto first quarter net profit of 121.9 million yuan (about 19.6 million U.S. dollars), the year-on-year growth of 62.5%. Major financial results in the first quarter: Auto's first quarter net income of 342 million yuan (about 55 million U.S. dollars), an increase of 67.3% per cent, the main reason for the company's first-quarter net income growth was the growth of revenue from advertising services and dealer membership services. Auto first quarter Advertising services revenue of 225.9 million yuan (about 36.3 million U.S. dollars), an increase of 51.8% per cent, the first quarter of traders member services revenue of 116.1 million yuan (about 18.7 million U.S. dollars), the year-on-year growth of 108.9%. Auto first-quarter operating profit of 148.3 million yuan (about 24.09 million U.S. dollars), an increase of 61.2% per cent, the main reason for the company's first-quarter operating profit growth was that revenue grew faster than spending. Auto first-quarter net profit of 121.9 million yuan (about 19.6 million U.S. dollars), an increase of 62.5%. After the first quarter of basic and diluted ads earnings per share of 1.16 yuan (about 0.19 U.S. dollars) and 1.08 yuan (about 0.17 U.S. dollars). Auto's net cash from operating activities in the first quarter was 250.7 million yuan (about 40.3 million U.S. dollars), an increase of 94.5% per cent year-on-year. Future Outlook Auto is currently expected to have a year-on-year growth rate of between 79.3 million and 60% per cent in the second quarter of fiscal year 2014, at 472 million yuan (about 75.9 million US dollars) to 493 million yuan (about 67.1% US dollars).