Today China Car Rental released its annual results for the year ended December 31, 2015，Financial report data display，China car rental revenue is 4.4 billion 188bet online sports betting，An increase of 53% over the same period last year，Net profit exceeds 1.4 billion 188bet online sports betting，221% year-on-year increase，Revenue and profit maintain strong growth。

Financial report display，FY2015，China Car Rental’s net profit before adjustment increased from 4 in 2014.400 million 188bet online sports betting increased to 1.4 billion 188bet online sports betting，Increase of 221%；Adjusted net profit from 5 in 2014.600 million 188bet online sports betting increased to 9.400 million 188bet online sports betting，An increase of 68%；Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) from 16 in 2014.300 million 188bet online sports betting increased to 27.600 million 188bet online sports betting，Increase of 70%。This is mainly due to the company’s optimization of business portfolio，Improve operating leverage and operating efficiency。

It’s worth noting，The cooperation between China Car Rental and UCAR Technology also adds a lot to its performance。China Car Rental stated in the financial report，As of December 31, 2015，According to the long-term lease terms，The company rents a total of 19 vehicles to UCAR Technology,883 vehicles。Also，Fleet management continues to generate huge synergies，The company rents more than 10,000 vehicles to UCAR Technology on working days through short-term leasing。As of December 31, 2015，Revenue contribution from cooperation with UCAR Technology is RMB 1.6 billion。December 31, 2015，The company holds 9% of the total issued and outstanding shares of UCAR Technology on a fully diluted basis.35%。2015，The company recorded a fair value gain of RMB 7 due to this equity.9.7 billion 188bet online sports betting。

Lu Zhengyao, Chairman and CEO of 188bet online sports betting, said: "2015，Automobile-related industries are facing rapid upgrades and huge changes，Causing changes in consumption habits and reshaping of the automotive ecosystem。Past year，I am very happy that the company has achieved healthy growth and strong profitability，The company’s growth benefits from the steady development of short-term rental self-driving and the strategic cooperation with UCAR。What’s more important，We continued to achieve strategic expansion in the value chain through technological innovation during the year。Through strategic cooperation with UCAR，We can provide comprehensive solutions for the car travel needs of customers in first- and second-tier cities，Seize the growth opportunities in both short-term rental self-driving and private car service markets。Looking to the future，We firmly believe that with excellent market positioning，We can effectively seize future growth opportunities in the revolutionary changes in the automobile travel service industry。Meanwhile，We will also continue to strengthen our market leadership position，Committed to becoming China’s leading car travel service provider。”

Li Wei, Chief Financial Officer of China Car Rental, added: "2015，The company has achieved excellent financial and operating results。Although challenged by the rapid rise of emerging shared mobility services，In terms of short-term rental and self-driving business，We continue to consolidate and strengthen our absolute leadership position in the industry，Shows strong profitability。Meanwhile，We benefit from the cooperation with UCAR，And demonstrated huge synergies in fleet management efficiency。Benefit from business structure optimization、Improving operating leverage and improving operating efficiency，In 2015, the company’s adjusted net profit and adjusted EBITDA ratio increased to 21 respectively.5%&62.8%，1 188bet online sports betting increase.9 percentage points and 6.0 percentage points。”

Levi said: “188bet online sports betting has further strengthened corporate governance and internal control measures。Actively manage residual value risk，Also launched a second-hand car B2C pilot project，I believe this move will allow us to achieve a higher residual value of the vehicle、Better manage the full life cycle of rental vehicles。We continue to generate strong operating cash flow，And demonstrated a very healthy balance sheet。Last year we further diversified our financing channels、Strengthen debt maturity management、And continuously optimize the asset and liability management mechanism。We have been working hard to improve our credit standing，Maintains an international credit rating of BB+。We also monitor foreign exchange risks and analyze market conditions very closely，Ensure appropriate measures are implemented when necessary，Includes hedging and debt management。Looking ahead to 2016，We will continue to adopt a prudent financial strategy，To achieve sustainable growth and profitability。”

Other financial data are as follows:

● Rental income is RMB 43.9.9 billion 188bet online sports betting，An increase of 53% over the same period last year。

● Gross profit is RMB 20.9.1 billion 188bet online sports betting，69% year-on-year increase。Gross profit margin is 47.5%，43 in the same period last year.2%。

● Net profit (1) is RMB 14.0.1 billion 188bet online sports betting，RMB 4 in the same period last year.3.6 billion 188bet online sports betting。

● Adjusted EBITDA(2) is RMB 27.6.4 billion 188bet online sports betting，70% year-on-year increase。Adjusted EBITDA ratio (3) from 56 in the same period last year.8% increased to 62 in the same period this year.8%。

● Adjusted net profit(2) is RMB 9.4.4 billion 188bet online sports betting，68% year-on-year increase。Adjusted net profit margin (3) compared with 19 in the same period last year.6% increased to 21 in the same period this year.5%。

● Basic earnings per share is RMB(1) 0.59 188bet online sports betting，The same period last year was RMB 0.22 188bet online sports betting。

● As of December 31, 2015，Total assets are RMB 163.4.2 billion 188bet online sports betting，Total assets as of December 31, 2014 is RMB 98.4.2 billion 188bet online sports betting。

● As of December 31, 2015，Total cash is RMB 20.4.1 billion 188bet online sports betting，Total cash as of December 31, 2014 is RMB 24.7.6 billion 188bet online sports betting。

● As of 188bet online sports betting 31, 2015，Total debt/adjusted EBITDA ratio is 3.1x。And the net debt/adjusted EBITDA ratio is 2.3 times。

As of 188bet online sports betting 31, 2015

● Total fleet size as of 188bet online sports betting 31, 2015 was 91,179 vehicles，The total fleet size as of 188bet online sports betting 31, 2014 was 63,522 cars。Operating fleet size as of 188bet online sports betting 31, 2015: 83,168 cars，The operating fleet size as of 188bet online sports betting 31, 2014 was 58,773 cars。

● The Group sold a 188bet online sports betting of 9 items in 2015,284 used cars。The ratio of cost to sales is 101.1%，Demonstrate the Group’s ability to manage the full cycle of leasing business。

● The Group’s short-term rental business continues to demonstrate clear market leadership and strong profitability。2015，The company’s average daily income and average daily rental of bicycles are 188bet online sports betting 170 and 188bet online sports betting 270 respectively，188bet online sports betting 170 and 188bet online sports betting 272 respectively in the same period last year。2015，Fleet utilization rate increased from 62 in the same period last year.2% increased to 63.0%。

● As of December 31, 2015，According to the long-term lease terms，The company rented a total of 19 vehicles to UCAR Technology,883 vehicles。Also，Fleet management continues to generate huge synergies，The company rents more than 10 vehicles to UCAR Technology on working days through short-term leasing,000 vehicles。As of December 31, 2015，Revenue contribution from cooperation with UCAR Technology is RMB 1.6 billion。December 31, 2015，The company holds 9% of the total issued and outstanding shares of UCAR Technology on a fully diluted basis.35%。2015，The company recorded a fair value gain of RMB 7 due to this equity.9.7 billion 188bet online sports betting。

● October 2015，The company launched a pilot project of its own direct sales and service network for used cars，And opened 8 pilot stores in eight third-tier cities。These stores have achieved the results expected by the company，The company also opened 6 more pilot stores in early 2016 as planned。As of the end of 2015，The company will incur operating costs of approximately 188bet online sports betting 15 million in this new business。