China Jishan Holdings Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of RMB 9,429,000 compared to RMB 12,278,000 a year ago. The decrease in revenue of RMB 2.9 million (23.2%) was mainly due to in third quarter of 2016, there were revenue generated from printing and dyeing operations of RMB 10.7 million and rental revenue of RMB 2.7 million whereas the revenue for 3 months period ended third quarter of 2017 was contributed solely from rental income. Profit before income tax was RMB 39,223,000 compared to loss of RMB 8,920,000 a year ago. Net profit for the period was RMB 29,272,000 or 9.71 cents per basic share compared to loss of RMB 6,349,000 or 2.11 cents per basic share a year ago. Net cash generated from operating activities was RMB 350,000 compared to RMB 2,140,000 a year ago. Purchase of property, plant and equipment was RMB 4,676,000 compared to RMB 14,982,000 a year ago.

For the nine months, the company reported revenue of RMB 26,894,000 compared to RMB 54,314,000 a year ago. Profit before income tax was RMB 38,016,000 compared to loss of RMB 16,102,000 a year ago. Net profit for the period was RMB 28,159,000 or 9.33 cents per basic share compared to loss of RMB 11,976,000 or 3.97 cents per basic share a year ago. Net cash used in operating activities was RMB 6,678,000 compared to RMB 4,877,000 a year ago. Purchase of property, plant and equipment was RMB 16,893,000 compared to RMB 37,342,000 a year ago.

The company reported written off of property, plant and equipment of RMB 21,487,000 for the third quarter ended September 30, 2017.