99 Wuxian Limited announced unaudited consolidated earnings results for the year ended December 31, 2017. For the year, the company’s revenue was RMB 122,356,221 against RMB 302,315,180 a year ago. Operating loss was RMB 7,503,698 against operating profit of RMB 8,363,593 a year ago. Loss before income tax was RMB 16,209,707 compared to RMB 567,103 a year ago. Loss for the year was RMB 17,035,336 compared to RMB 4,385,137 a year ago. Basic and diluted loss per share was RMB 0.0147 compared to RMB 0.0038 a year ago. Net cash used in operating activities was RMB 69,567,903 compared to RMB 43,808,720 a year ago. Purchases of property, plant and equipment was RMB 1,552,053 compared to RMB 1,294,909 a year ago. Additions of intangible assets were RMB 318,804 compared to RMB 1,046,239 a year ago. The decrease in net revenue is mainly due to the PRC tax legislation which replaces business tax with value added tax.