Fuling Global Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the full year, the company announced revenues were $104,881,880 compared to $91,293,675 for the same period a year ago. Income from operations was $8,517,637 compared to $8,969,823 for the same period a year ago. Income before income taxes was $9,973,032 compared to $9,390,579 for the same period a year ago. Net income attributable to the company was $7,943,033 compared to $8,041,541 for the same period a year ago. Earnings per share, basic and diluted were $0.50 compared to $0.65 for the same period a year ago. Net cash provided by operating activities was $5,205,383 compared to $7,960,607 for the same period a year ago. Purchase of property and equipment was $4,010,576 compared to $5,471,455 for the same period a year ago. Purchase of intangible assets was $8,298,564 compared to $264,577 for the same period a year ago. For the quarter, the company announced revenues were $31.8 million compared to $23.1 million for the same period a year ago. Operating income was $1.3 million compared to $0.9 million for the same period a year ago. Net income attributable to the company was $0.4 million compared to $1.1 million for the same period a year ago. Diluted earnings per share were $0.03 compared to $0.08 for the same period a year ago. The decreases in net income and earnings per share were primarily due to decrease in subsidy income and higher provision for income taxes for the three months ended December 31, 2016. The increase in operating income was mainly due to increase in gross income and partially offset by increase in operating expenses. After adjustment for interest income and expenses, subsidy income and other non-operating income and expenses, income before income taxes decreased slightly to $1.18 million for the three months ended December 31, 2016 from $1.24 million for the same period of last year.