Qudian Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2018. Total revenues were RMB 1,928.9 million, an increase of 32.9% from RMB 1,451.0 million for the same quarter of 2017. Income from operations was RMB 702.8 million, compared to RMB 695,817,000, flat from the third quarter of 2017. Net income before income taxes was RMB 675.886 million against RMB 696.644 million a year ago. Net income attributable to Qudian's shareholders increased by 5.1% to RMB 683.8 million, or RMB 2.13 per diluted ADS and per share for Class A and Class B ordinary shares, compared to RMB 650.7 million, or RMB 2.20 per share for Class A and Class B ordinary shares, for the third quarter of 2017. Non-GAAP Net income attributable to Qudian shareholders increased by 4.7% to RMB 694.3 million or RMB 2.17 per diluted share, compared to RMB 663.3 million, or RMB 2.24 per diluted share, for the third quarter of 2017.

The company expects outstanding loan balance to grow sustainably and to meet full year 2018 non-GAAP net income guidance of RMB 2.5 billion, excluding non-recurring costs and charges.