Chaoda Modern Agriculture (Holdings) Limited reported audited consolidated earnings results for the year ended June 30, 2018. For the year, revenue was RMB 213,389,000 against RMB 826,317,000 reported a year ago. Loss from operations was RMB 743,065,000 against RMB 3,244,014,000 reported a year ago. Loss before income tax was RMB 741,493,000 against RMB 3,243,912,000 reported a year ago. Loss for the year attributable to owners of the company was RMB 719,036,000 or RMB 0.22 per diluted share against RMB 3,246,234,000 or RMB 0.99 per diluted share reported a year ago. The drop in revenue was mainly attributable to decrease in sales volume of product which was the results of decrease in production base areas. Revenue derived from the PRC, excluding Hong Kong, was about 63% of total revenue of the Group.