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China's Yintech Investment issues Q3 forecast

Yintech Investment Holdings said it expects third-quarter revenues to be in the range of 380 million yuan to 400 million yuan.

Revenues from trading gains/losses are expected to be in the range of 10 million yuan to 30 million yuan.

The company had reported revenues of 289.1 million for the quarter ended June. It reported a net loss of 55 million yuan for the period.

As of Aug. 30, US$1 was equivalent to 7.15 Chinese yuan.