AVIC International Maritime Holdings Limited reported unaudited consolidated earnings results for the second quarter and half year ended June 30, 2017. For the quarter, the company reported revenue of RMB 171,928,000 against RMB 91,691,000 for the same period a year ago. The group's revenue increased by RMB 80.2 million or 88% in the second quarter of 2017 compared with the second quarter of 2016. The increase was mainly due to shipbuilding construction service revenue increasing by RMB 24.2 million to RMB 57.3 million due to a new shipbuilding contract for four vessels that commenced during the quarter; ship-design service revenue increasing by RMB 32.2 million to RMB 73.9 million; shipbuilding project management services income increasing by RMB 2.1 million to RMB 15.1 million, due to more projects being recognised during the period; shipbuilding project financing income increasing by RMB 23.3 million arising from provision of financing to related party shipyards for the construction of vessels. No such income was earned in the second quarter of 2016; and finance lease income increasing by RMB 1.8 million arising from the sale of tug boats under finance lease agreement. No finance leasing income was earned in the second quarter of 2016. Profit before income tax was RMB 30,785,000 against loss before income tax of RMB 11,399,000 for the same period a year ago. Profit attributable to equity holders of the company was RMB 19,828,000 against loss attributable to equity holders of the company of RMB 15,203,000 for the same period a year ago. Earnings per ordinary share attributable to owners of the company on a fully diluted basis were 6.94 cents against loss per ordinary share attributable to owners of the company of 5.32 cents for the same period a year ago. Net cash generated from operating activities was RMB 92,728,000 against RMB 52,210,000 for the same period a year ago. Additions to property, plant and equipment were RMB 99,000 against RMB 3,000 for the same period a year ago. Additions to intangible assets were RMB 95,000 against RMB 679,000 for the same period a year ago. For the half year, the company reported revenue of RMB 258,032,000 against RMB 164,782,000 for the same period a year ago. Profit before income tax was RMB 46,908,000 against loss before income tax of RMB 7,652,000 for the same period a year ago. Profit attributable to equity holders of the company was RMB 31,619,000 against loss attributable to equity holders of the company of RMB 10,074,000 for the same period a year ago. Earnings per ordinary share attributable to owners of the company on a fully diluted basis were 11.07 cents against loss per ordinary share attributable to owners of the company of 3.53 cents for the same period a year ago. Net cash used in operating activities was RMB 358,235,000 against net cash generated from operating activities of RMB 33,709,000 for the same period a year ago. Additions to property, plant and equipment were RMB 1,895,000 against RMB 451,000 for the same period a year ago. Additions to intangible assets were RMB 197,000 against RMB 982,000 for the same period a year ago. As of June 30, 2017, Group had a net asset value per share of 57.4 cents, compared to 47.6 cents as of December 31, 2016.