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Yintech Reports Third Quarter 2017 Unaudited Financial Results

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SHANGHAI, Nov. 29, 2017 /PRNewswire/ — Yintech Investment Holdings Limited (NASDAQ: YIN) (“Yintech” or the “Company”), a leading provider of investment and trading services for individual customers in China, today announced its unaudited financial results for the quarter ended September 30, 2017.

For the third quarter of 2017, Yintech’s customer trading volume was RMB847.0 billion (US$127.3 billion), a 1.4% increase compared to the third quarter of 2016 and a 4.6% decrease compared to the previous quarter. Yintech generated net commissions and fees of RMB337.9 million (US$50.8 million), a 51.8% decrease compared to the third quarter of 2016 and a 35.1% decrease compared to the previous quarter.

For the quarter ended

% Change

In RMB million, except otherwise specified

September
30, 2016

June 30,
2017

September
30, 2017

YoY

QoQ

Customer trading volume (in RMB billion)

835.1

888.0

847.0

1.4%

(4.6%)

Revenues

747.5

569.9

388.3

(48.0%)

(31.9%)

Net commissions and fees

700.7

520.5

337.9

(51.8%)

(35.1%)

Net income attributable to Yintech

242.1

85.4

68.6

(71.7%)

(19.7%)

EPS per ADS – diluted (RMB)

3.75

1.16

0.94

(74.9%)

(19.0%)

Non-GAAP data

Non-GAAP net income attributable to Yintech

248.9

131.8

101.0

(59.4%)

(23.3%)

Non-GAAP EPS per ADS – diluted (RMB)

3.86

1.79

1.38

(64.2%)

(22.9%)

“Our performance during the quarter was solid despite an unusually tepid market environment,” commented Mr. Wenbin Chen, Chairman and CEO of Yintech. “The volatility of spot gold on

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