Huanxi Media Group Limited announced audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported revenue was HKD 53,209,000 against HKD 16,112,000 a year ago. Loss before tax was HKD 95,159,000 against HKD 1,253,745,000 a year ago. Loss attributable to owners of the company was HKD 95,159,000 against HKD 1,253,745,000 a year ago. Basic loss per share was HKD 0.03 against HKD 0.51 a year ago. The loss was principally due to the absence of prominent movie release to generate sufficient revenue to cover the costs and expenses. Net cash used in operating activities was HKD 472,551,000 against HKD 367,011,000 a year ago. Purchase of property, plant and equipment was HKD 3,040,000 against HKD 4,970,000 a year ago.