Chong Sing Holdings FinTech Group Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported turnover of RMB 603,870,000 compared to RMB 722,915,000 a year ago. The decrease was primarily attributable to the decrease in revenues from online investment and technology-enabled lending service, due to a decrease in transaction volumes on key online consumer lending platform Weshare, as well as a decrease in interest and financial consultancy service income caused by a decrease in the average size of loan portfolio, off-setting a growth in payment transaction volume on core third party payment platform UCF Pay and strong growth in revenue from blockchain services, during the three months ended March 31, 2018. Net interest income was RMB 15,464,000 compared to RMB 25,650,000 a year ago. Profit before tax was RMB 29,440,000 compared to RMB 241,078,000 a year ago. Profit for the period attributable to owners of the company was RMB 51,288,000 or 0.22 cents per diluted share compared to RMB 100,867,000 or 0.44 cents per diluted share a year ago. The profit for the three months ended March 31, 2018 was approximately RMB 14.0 million, representing a decrease of approximately 91.4% period-on-period as compared to approximately RMB 162.0 million for the three months ended March 31, 2017. The decrease was mainly due to a decrease in turnover of approximately RMB 119.0 million and an increase in administrative and other operating expenses of approximately RMB 269.9 million despite the decreases in interest expenses of approximately RMB 8.8 million, share-based payment expenses of approximately RMB 28.9 million and income tax of approximately RMB 63.6 million. Non-GAAP profit attributable to owners of the company was RMB 55,993,000 compared to RMB 145,449,000 a year ago.