Christine International Holdings Limited reported audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of RMB 1,379,767,000 against RMB 1,388,032,000 a year ago. The decrease in revenue was mainly attributable to competition from freshly baked and freshly made operation mode of peers as compared to existing retail outlets, most of which still use the traditional model of selling factory-made finished goods, which made it difficult to achieve sales growth, so that the same store growth rate in sales was negative of 6.06%.

Loss before taxation was RMB 21,605,000 against profit before taxation of RMB 29,525,000 a year ago. Loss and total comprehensive income attributable to shareholders of the company was RMB 37,415,000 or RMB 3.7 per basic and diluted share against profit and total comprehensive income attributable to shareholders of the company of RMB 20,085,000 or RMB 2.1 per basic and diluted share a year ago. Total capital expenditure was RMB 111,239,000.