Grand Concord International Holdings Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenue of RMB 334.297 million against RMB 389.317 million a year ago. Loss before tax was RMB 8.119 million against RMB 1.915 million a year ago. Loss for the year was RMB 12.539 million or RMB 0.03 per basic and diluted share against RMB 6.954 million or RMB 0.02 per basic and diluted share a year ago. The decrease of revenue was mainly due to the decrease in sales of fabrics products from approximately RMB 151.1 million in 2015 to approximately RMB 97.3 million in 2016. Net cash generated from operating activities was RMB 43.086 million as compared to RMB 17.275 million for the same period last year. Purchase of property, plant and equipment was RMB 12.569 million as compared to RMB 23.287 million for the same period last year.