Secoo Holding Limited announced unaudited consolidated earnings results for the second quarter and six month ended June 30, 2018. For the quarter, the company reported total net revenues of RMB 784,725,000 against RMB 1,220,131,000 a year ago. Income from operations was RMB 27,668,000 against RMB 56,633,000 a year ago. Income before tax was RMB 28,800,000 against RMB 46,658,000 a year ago. Net income attributable to the company was RMB 28,802,000 against RMB 35,810,000 a year ago. Net income attributable to ordinary shareholders of the company was RMB 142,011,000 or RMB 6.75 per diluted share against RMB 35,810,000 or RMB 1.36 per diluted share a year ago. Net income per diluted ADS was RMB 3.38 against RMB 0.68 a year ago. Non-GAAP net income per diluted ADS was RMB 0.68 against RMB 0.78 a year ago. Adjusted Income from operations was RMB 27,668,000 against RMB 61,309,000 a year ago. Adjusted net income was RMB 28,800,000 or RMB 1.37 per diluted share against RMB 41,048,000 or RMB 1.56 per diluted share a year ago. Adjusted net income per diluted ADS was RMB 0.68 against RMB 0.78 a year ago.

For the six months, the company reported total net revenues of RMB 1,346,678,000 against RMB 2,022,624,000 a year ago. Income from operations was RMB 51,586,000 against RMB 79,931,000 a year ago. Income before tax was RMB 52,344,000 against RMB 83,067,000 a year ago. Net income attributable to the company was RMB 52,593,000 against RMB 61,480,000 a year ago. Net loss attributable to ordinary shareholders of the company was RMB 110,751,000 or RMB 7.39 per diluted share against net income of RMB 61,480,000 or RMB 1.16 per diluted share a year ago. Net loss per diluted ADS was RMB 7.39 against RMB 1.16 a year ago. Non-GAAP net income per diluted ADS was RMB 1.25 against RMB 1.43 a year ago. Adjusted Income from operations was RMB 51,586,000 against RMB 93,160,000 a year ago. Adjusted net income was RMB 52,344,000 or RMB 2.49 per diluted share against RMB 75,510,000 or RMB 2.86 per diluted share a year ago. Adjusted net income per diluted ADS was RMB 1.25 against RMB 1.43 a year ago.

The company currently expects total net revenues for the third quarter of 2018 to be in the range of RMB 1,340.0 million and RMB 1,370.0 million, which would represent an increase of approximately 36% to 40% on a year-over-year basis.