Chen Xing Development Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the full year, the company reported revenue of RMB 1,081,989,000 compared to RMB 966,213,000 a year ago. Profit before tax was RMB 236,360,000 compared to RMB 439,615,000 for the same period a year ago. Profit attributable to owners of the parent company was RMB 151,832,000 or RMB 0.30 per basic and diluted share compared to profit attributable to owners of the parent company of RMB 290,103,000 or RMB 0.64 per basic and diluted share for the same period a year ago. Contracted sales amounted to RMB 1,689.1 million and the corresponding contracted gross floor area ("GFA") amounted to approximately 326,957 sq.m., representing an increase of 31.5% and 31.1% comparing with the same period last year, respectively.