Chen Xing Development Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of RMB 279,643,000 as compared to RMB 375,766,000 for the same period last year. Profit before tax was RMB 52,967,000 as compared to RMB 64,871,000 for the same period last year. Profit attributable to owners of the parent was RMB 28,919,000 as compared to RMB 45,750,000 for the same period last year. Basic and diluted earnings per share attributable to ordinary equity holder of the parent were RMB 0.06 as compared to RMB 0.09 for the same period last year. The Group recorded a positive operating cash flow of approximately RMB 219.8 million for the six months ended 30 June 2017, as compared to approximately RMB 136.1 million for the six months ended 30 June 2016. The decrease in revenue was mainly due to fewer deliveries of completed properties during the period which resulted in a decrease in revenue as compared to the same period of last year. During the six months ended 30 June 2017, the Group acquired assets with a cost of RMB 746,000 (the six months ended 30 June 2016: RMB 4,217,000).