Tech Pro Technology Development Limited announced consolidated earnings results for the year ended December 31, 2015. For the year, the company announced turnover of RMB 220,026,000 compared to RMB 144,327,000 for the same period a year ago. Loss before income tax was RMB 282,044,000 compared to RMB 267,072,000 for the same period a year ago.

Loss attributable to owners of the company was RMB 192,208,000 or 2.99 cents per basic and diluted share compared to RMB 216,852,000 or 3.69 cents per basic and diluted share for the same period a year ago. The increase in the group's turnover was primarily attributed to the increase in turnover contributed from LED lighting segment; and the newly acquired professional football club segment on July 2, 2015. The increase in consolidated loss before income tax was primarily attributable due to increase in administrative and other operating expenses of approximately RMB 96.1 million from approximately RMB 50.6 million in 2014 to approximately RMB 146.7 million in 2015; increase in impairment loss on other intangible assets of approximately RMB 79.5 million from approximately RMB 28.2 million in 2014 to approximately RMB 107.7 million in 2015; fair value loss on contingent consideration receivable of approximately RMB 5.9 million was recorded in 2015; and net realised and unrealised loss on other current financial assets of approximately RMB 2.2 million was recorded in 2015.