Youyuan International Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 1,799,488,000 against RMB 1,702,664,000 a year ago. Profit before tax was RMB 387,248,000 against RMB 285,840,000 a year ago. Profit and total comprehensive income for the year attributable to the owners of the company was RMB 310,633,000 against RMB 223,881,000 a year ago. Basic earnings per share were RMB 0.262 against RMB 0.189 a year ago. The increases in profit and total comprehensive income attributable to owners of the company were attributable to the share of profit of an associate and increase in sales volume of the Group’s products, the impact of which was partly offset by a higher income tax charged for the current year and foreign exchange loss due to appreciation of USD against RMB. For the year ended 31 December 2016, the Group invested RMB 265.4 million in construction of production facilities and equipment and prepaid lease payments against RMB 148.0 million a year ago.