Luoyang Glass Co., Ltd. reported audited consolidated earnings results for the year ended December 31, 2011. For the period, the company reported turnover of RMB 917,308,000 compared to RMB 1,167,044,000 a year ago. Profit from operations was RMB 41,109,000 compared to RMB 88,921,000 a year ago. Profit before income tax was RMB 29,056,000 compared to RMB 74,216,000 a year ago. Profit attributable to the owners of the company was RMB 38,459,000 or RMB 0.08 per basic share compared to RMB 61,947,000 or RMB 0.12 per basic share a year ago. Net cash used in operating activities was RMB 63,189,000 compared to net cash generated from operating activities of RMB 19,259,000 a year ago. Purchase of property, plant and equipment was RMB 1,436,000 compared to RMB 801,000 a year ago. Under the PRC GAAP, the operating revenue of the Group for 2011 was RMB 920,942,900, representing a decrease of RMB 247,538,700 from the corresponding period of last year. Profit before tax amounted to RMB 2,931,600, representing a decrease of RMB 70,052,900 from the corresponding period of last year. Net profit attributable to shareholders of the listed company was RMB 12,334,600, representing a decrease of RMB 48,453,200 from the corresponding period of last year. Basic earnings per share attributable to the shareholders of the listed company were RMB 0.0247. For the year 2012, the company expects output of float glass 3,266,900 boxes, sales of 5,859,100 boxes, operating revenue RMB 791,686,200, cost and expenses as a proportion of the sales revenue 99.71 %.