Morning news on August 24, Beijing time，188bet Online Sports Betting and Casino (NYSE: EHIC) today announced its financial results for the second quarter of fiscal year 2016 as of June 30。Report Display，188bet Online Sports Betting and Casino’s net revenue in the second quarter was RMB 5.01.3 billion yuan (approximately 75.4 million US dollars)，RMB 3 compared with the same period last year.an increase of 47 compared to 39.9 billion yuan.5%；Net profit is RMB 800,000 (approximately US0,000)，Compared to the net profit of the same period last year was RMB 6.99.1 billion yuan (including RMB7 related to the sale of investment assets during the period.20 billion yuan revenue)。

According to data from Yahoo Finance，The average estimate of 2 analysts is that Yihi Car Rental’s second quarter net revenue will be US.42 million。Financial report display，188bet Online Sports Betting and Casino’s net revenue in the second quarter was RMB 5.01.3 billion yuan (approximately 75.4 million US dollars)，Exceeded analyst expectations。

Main achievements:

188bet Online Sports Betting and Casino’s net revenue in the second quarter was RMB 5.01.3 billion yuan (approximately 75.4 million US dollars)，RMB 3 compared with the same period last year.an increase of 47 compared to 39.9 billion yuan.5%；

188bet Online Sports Betting and Casino’s second quarter gross profit (defined as net revenue minus net revenue costs) was RMB 1.41.5 billion yuan (approximately 21.3 million US dollars)，An increase of 118 compared with RMB 64.8 million in the same period last year.3%。188bet Online Sports Betting and Casino’s gross profit margin (defined as the proportion of gross profit in net revenue) in the second quarter was 28.2%，19 compared with the same period last year.Significant growth compared to 1%；

Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s second quarter adjusted EBIT (defined as excluding equity compensation expenses、Interest expense、Interest income、Income tax provision、Net profit from the exemption of warrants and income from the sale of cost method investments) was RMB 60.3 million (approximately US.1 million)，An increase of 333 compared with RMB 13.9 million in the same period last year.3%。Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s adjusted EBIT profit margin (defined as the proportion of adjusted EBIT in net revenue) in the second quarter was 12.0%，Higher than 4 in the same period last year.1%；

Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s second quarter adjusted EBITDA (defined as excluding depreciation and amortization expenses、Equity Reward Expenses、Interest expense、Interest income、Income tax provision、Net profit from the exemption of warrants and income from the sale of cost method investments) is RMB 2.17.9 billion yuan (approximately 32.8 million US dollars)，RMB1 compared with the same period last year.an increase of 73 compared to 26 billion yuan.0%。Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s adjusted EBITDA profit margin (defined as the proportion of adjusted EBITDA in net revenue) in the second quarter was 43.5%，Higher than 37 in the same period last year.1%；

188bet Online Sports Betting and Casino’s net profit in the second quarter was RMB 800,000 (approximately US0,000)，Compared to the net profit of the same period last year was RMB 6.99.1 billion yuan (including RMB7 related to the sale of investment assets during the period.20 billion yuan revenue)；

The average available fleet size of 188bet Online Sports Betting and Casino’s car rental services in the second quarter was 34,974 vehicles，An increase of 55 compared with 22532 vehicles in the same period last year.2%。The average available fleet size of 188bet Online Sports Betting and Casino’s car services in the second quarter was 2,476 vehicles，An increase of 50 compared with 1643 vehicles in the same period last year.7%。188bet Online Sports Betting and Casino’s total average available fleet size in the second quarter was 37,450 vehicles，An increase of 54 compared with 24175 vehicles in the same period last year.9%。As of June 30, 2016，The total fleet size of 188bet Online Sports Betting and Casino at the end of the period is 42175 vehicles；

The average daily net revenue per available vehicle of 188bet Online Sports Betting and Casino’s car rental services in the second quarter was RMB 124，Higher than RMB 123 in the same period last year。188bet Online Sports Betting and Casino’s second quarter car service average daily net revenue per available vehicle was RMB 505，lower than RMB 588 in the same period last year，The decline is mainly due to the growth of car services provided more by economy models。The result is，188bet Online Sports Betting and Casino’s total fleet average daily net revenue per available vehicle in the second quarter was RMB 149，RMB 155 lower than the same period last year；

188bet Online Sports Betting and Casino’s fleet utilization rate for car rental services in the second quarter was 71.1%，compared to 71 in the same period last year.7%。

Financial analysis:

188bet Online Sports Betting and Casino’s net revenue in the second quarter was RMB 5.01.3 billion yuan (approximately 75.4 million US dollars)，An increase of 47 compared with the same period last year.5%，Mainly due to the increase in net revenue from both car rental services and automobile services。

188bet Online Sports Betting and Casino’s revenue from car rental services in the second quarter was RMB 3.88.8 billion yuan (approximately 58.5 million US dollars)，Increase 54 compared with the same period last year.3%，Mainly due to the increase in the average available fleet size of car rental services，This is the company’s response to growing customer demand。

188bet Online Sports Betting and Casino’s revenue from car services in the second quarter was RMB 1.12.5 billion yuan (approximately 16.9 million US dollars)，An increase of 28 compared with the same period last year.0%，Mainly due to increased demand from existing and new customers。

188bet Online Sports Betting and Casino’s operating costs (vehicle operating expenses) in the second quarter were RMB 3.59.8 billion yuan (approximately 54.1 million US dollars)，An increase of 30 compared with the same period last year.8%，Mainly due to depreciation and labor cost increase，But partially offset by savings on vehicle insurance expenses。

188bet Online Sports Betting and Casino disposed of 702 used cars in the second quarter，And there are 423 used cars with signed sales contracts awaiting title transfer，188bet Online Sports Betting and Casino recorded a total loss of RMB 700,000 (approximately US0,000) for these 1,125 used cars。This loss is recognized as an adjustment to vehicle-related depreciation expense，is one of the components of operating costs。

188bet Online Sports Betting and Casino’s gross profit in the second quarter was RMB 1.41.5 billion yuan (approximately 21.3 million US dollars)，An increase of 118 compared with the same period last year.3%。188bet Online Sports Betting and Casino’s gross profit margin in the second quarter was 28.2%，19 compared with the same period last year.Significant growth compared to 1%。Growth in gross profit margin，Mainly due to the company's specific cost control measures in vehicle insurance and other vehicle operating expenses，There is a correlation between this and improved economies of scale and operational efficiency。

188bet Online Sports Betting and Casino’s sales and marketing expenses in the second quarter were RMB 26.8 million (approximately US million)，Increase 97 compared to the same period last year.5%，Mainly due to the increase in channel marketing and promotion expenses，This is because 188bet Online Sports Betting and Casino expanded its brand and channel promotions during this quarter。

188bet Online Sports Betting and Casino’s general and administrative expenses in the second quarter were RMB 59.2 million (approximately US.9 million)，An increase of 23 compared with the same period last year.9%，Mainly due to the increase in the number of employees，As ​​a result, employee-related costs such as salary and benefit expenses will increase。

188bet Online Sports Betting and Casino’s operating profit in the second quarter was RMB 55.9 million (approximately US.4 million)，An increase of 1185 compared with the same period last year.8%。

188bet Online Sports Betting and Casino’s interest expense in the second quarter was RMB 56.5 million (approximately US.5 million)，An increase of 89 compared with the same period last year.4%，Primarily derived from interest expense related to US0 million of senior unsecured bonds due in 2018。

188bet Online Sports Betting and Casino’s net profit in the second quarter was RMB 800,000 (approximately US0,000)，Compared to the net profit of the same period last year was RMB 6.99.1 billion yuan。188bet Online Sports Betting and Casino’s net profit in the second quarter of fiscal year 2015 includes RMB 7.Net income of 20 billion yuan，This income relates to the sale of investment assets。

Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s second quarter adjusted EBIT (defined as excluding equity compensation expenses、Interest expense、Interest income、Income tax provision、Net profit from the exemption of warrants and income from the sale of cost method investments) was RMB 60.3 million (approximately US.1 million)，An increase of 333 compared with the same period last year.3%。Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s adjusted EBIT profit margin (defined as the proportion of adjusted EBIT in net revenue) in the second quarter was 12.0%，Higher than 4 in the same period last year.1%。

Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s second quarter adjusted EBITDA (defined as excluding depreciation and amortization expenses、Equity Reward Expenses、Interest expense、Interest income、Income tax provision、Net profit from the exemption of warrants and income from the sale of cost method investments) is RMB 2.17.9 billion yuan (approximately 32.8 million US dollars)，Increase 73 compared to the same period last year.0%。Not in accordance with US GAAP，188bet Online Sports Betting and Casino’s adjusted EBITDA profit margin (defined as the proportion of adjusted EBITDA in net revenue) in the second quarter was 43.5%，Higher than 37 in the same period last year.1%。

As of June 30, 2016，188bet Online Sports Betting and Casino’s cash and cash equivalents are RMB 1.8 billion per month (approximately 2.USD 64.3 billion)。

Performance Outlook:

188bet Online Sports Betting and Casino reiterates its full-year performance forecast for fiscal year 2016 previously released on March 29, 2016。Company estimate，FY2016 revenue will increase by approximately 50% year-on-year。188bet Online Sports Betting and Casino is still expected，Total fleet size as of December 31, 2016 will be approximately 5.70,000 vehicles。This expectation reflects the Company’s current and preliminary views，This may change in the future。

Share price changes:

Today，188bet Online Sports Betting and Casino’s stock price rose by 0 in regular trading on the New York Stock Exchange.USD 40，Close at 11.USD 25，Increase is 3.69%。In the subsequent after-hours trading as of 18:13 US Eastern Time (6:13 Beijing time on the 24th)，188bet Online Sports Betting and Casino’s stock price rises again0.USD 55，to 11.USD 80，Increase is 4.89%。Past 52 weeks，The highest price for 188bet Online Sports Betting and Casino is 14.USD 88，The lowest price is 8.USD 62。

*This article is reproduced 188bet Online Sports Betting and Casino Sina Technology.