China Yongda Automobiles Services Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported revenue of RMB 50,699,302,000 against RMB 43,032,502,000 a year ago. Profit before tax was RMB 2,007,500,000 against RMB 1,152,003,000 a year ago. Profit for the year attributable to owners of the company was RMB 1,509,930,000 against RMB 851,272,000 a year ago. Earnings per share – diluted was RMB 0.83 against RMB 0.56 a year ago. Net cash used in operating activities was RMB 1,107.8 million against net cash from operating activities of RMB 571.1 million a year ago. Purchase of fixed assets, land use rights and intangible assets was RMB 1,426.3 million. Expenditures on purchase of property, plant and equipment was RMB 1,295.2 million. Expenditures on purchase of intangible assets was RMB 86.6 million. The increase in revenue was primarily due to the growth of sales of luxury and ultra-luxury brand passenger vehicles and after-sales services.