Baofeng Modern International Holdings Company Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenue of RMB 215,831,000 against RMB 171,655,000 a year ago. Loss before tax was RMB 309,907,000 against RMB 19,846,000 a year ago. Loss for the year and total comprehensive expenses for the year attributable to owners of the company was RMB 317,578,000 or RMB 0.29 per diluted share against RMB 25,669,000 or RMB 0.02 per diluted share a year ago.