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Last $49.59 USD
Change Today -1.02 / -2.02%
Volume 647.6K
BITA On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

bitauto holdings ltd-adr (BITA) Key Developments

Bitauto Holdings Limited Announces Auditor Changes

Bitauto Holdings Limited announced that it has appointed PricewaterhouseCoopers Zhong Tian LLP as the company's independent registered public accounting firm, to replace Ernst & Young Hua Ming LLP, effective from May 9, 2015.

Bitauto Holdings Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Bitauto Holdings Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenue was $701.3 million compared with $353.4 million a year ago. The increase in revenue was primarily attributable to the growth of the EP platform business, the digital marketing solutions business, and the advertising business. IFRS Operating loss in the 2015 was RMB 17.1 million, compared to an operating profit of RMB 54.0 million in the corresponding period in 2014. This was primarily attributable to the increase in expenses relating to the increase in headcount and employee salaries and benefits, marketing efforts, as well as direct costs in new products and services on the EP platform and higher-direct-cost services. Non-GAAP operating profit in the quarter was RMB 30.8 million, compared to a non-GAAP operating profit of RMB 62.4 million in the corresponding period in 2014. IFRS loss in the quarter was RMB 4.8 million, compared to an IFRS profit of RMB 36.9 million in the corresponding period in 2014. Basic and diluted loss per ADS, each representing one ordinary share, in the quarter amounted to RMB 0.05 and RMB 0.10, respectively. Non-GAAP profit in the quarter was RMB 18.0 million compared with $45.3 million a year ago. This was primarily attributable to the increase in expenses relating to the increase in headcount and employee salaries and benefits, marketing efforts, as well as direct costs in new products and services on the EP platform and higher-direct-cost services. Non-GAAP basic and diluted profit per ADS in the quarter amounted to RMB 0.29 and RMB 0.23, respectively. Profit before tax was RMB 11.2 million compared with RMB 46.9 million a year ago. Loss attributable to ordinary shareholders of the parent was RMB 2.8 million compared with profit of $36.9 million a year ago. The company currently expects to generate revenue in the range of RMB 970.0 million to RMB 1.0 billion in the second quarter of 2015, representing a 85.7% to 91.5% year-over-year increase. The company currently expects non-GAAP profit attributable to ordinary shareholders of the parent in the range of RMB 80.0 million to RMB 100.0 million in the second quarter of 2015, representing a 19.5% to 35.6% year-over-year decrease.

Bitauto Holdings Limited to Report Q1, 2015 Results on May 08, 2015

Bitauto Holdings Limited announced that they will report Q1, 2015 results at 8:00 AM, US Eastern Standard Time on May 08, 2015

Bitauto Holdings Limited, Q1 2015 Earnings Call, May 08, 2015

Bitauto Holdings Limited, Q1 2015 Earnings Call, May 08, 2015

Bitauto Holdings Limited Presents at 6th Annual dbAccess Asia Conference 2015, May-18-2015

Bitauto Holdings Limited Presents at 6th Annual dbAccess Asia Conference 2015, May-18-2015 . Venue: Marina Bay Sands Resort and Casino, 10 Bayfront Avenue, Singapore 018956, Singapore.

 

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BITA Competitors

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Industry Analysis

BITA

Industry Average

Valuation BITA Industry Range
Price/Earnings 33.7x
Price/Sales 5.7x
Price/Book 2.9x
Price/Cash Flow 42.9x
TEV/Sales 4.7x
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