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Yintech Investment Holdings raises guidance for Q2

YintechInvestment Holdings raised its guidance for the second quarter dueto a significant increase in customer trading volume during the period.

The company said in a Form 6-K filed July 7 that it expectssecond-quarter revenue of between 490 million yuan and 500 million yuan,compared with its previousguidance of between 410 million yuan and 450 million yuan.

The firm also forecasts customer trading volume ofapproximately 414 billion yuan in the second quarter, up from its previouslystated range of 330 billion yuan to 360 billion yuan.

Yintech Investment attributed the sharp rise in customertrading volume to its expanding customer base and a rise in trading activitiesresulting from a volatile commodities market.

As of July 8, US$1 wasequivalent to 6.69 Chinese yuan.