AutoBeta(AutoBeta.net)02/27 Report--

Auto House released unaudited results for the fourth quarter and the whole year of last year. The company reported fourth-quarter net revenue of 2.1878 billion yuan ($318.2 million), exceeding the company's previous expectations, while net profit was 1.0153 billion yuan ($147.7 million), up 39.0% from a year earlier.

The net income of Auto House for the whole year was 7.2332 billion yuan ($1.052 billion), up 28.1% from 5.6473 billion yuan in the same period last year. The net profit attributed to Auto House was 2.871 billion yuan ($417.6 million), up 43.4% from 2.01.6 billion yuan in the same period last year.

In addition, Auto House expects net revenue of 1.565 billion yuan ($227.6 million) to 1.585 billion yuan ($230.5 million) in the first quarter of 2019, up 21.5% to 23.1% from a year earlier. As of December 31, 2018, the total number of employees of Automobile House was 4335.

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