Coolpad Group Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of HKD 7,969,477,000 compared to HKD 14,667,866,000 a year ago. Loss before tax was HKD 4,356,068,000 compared to profit before tax of HKD 2,311,011,000 a year ago. Loss attributable to owners of the company was HKD 4,379,631,000 compared to profit attributable to owners of the company of HKD 2,324,518,000 a year ago. Diluted loss per share attributable to ordinary equity holders of the company was 89.82 cents against diluted earnings per share attributable to ordinary equity holders of the company of 45.87 cents a year ago. Capital expenditure was HKD 177,139,000 compared to HKD 480,357,000 a year ago. Capital expenditure consists of additions to property, plant and equipment, intangible assets and prepaid land lease payments. The decline in the net profit was mainly because of a loss on disposal of an investment in a joint venture amounting to HKD 1,837.1 and the impairment for investments in associates amounting to HKD 793.4, respectively.