Ningbo WanHao Holdings Company Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues of RMB 1,544,000 compared with RMB 4,016,000 for the same period a year ago. Loss from operations was RMB 253,000 compared with RMB 765,000 for the same period a year ago. Loss before tax was RMB 263,000 compared with RMB 791,000 for the same period a year ago. Loss for the period attributable to owners of the company was RMB 263,000 or 0.05 cents per basic share compared with RMB 791,000 or 0.16 cents per basic share for the same period a year ago. For the six months, the company reported revenues of RMB 5,870,000 compared with RMB 12,907,000 for the same period a year ago. Loss from operations was RMB 1,156,000 compared with RMB 1,635,000 for the same period a year ago. Loss before tax was RMB 1,172,000 compared with RMB 1,666,000 for the same period a year ago. Loss for the period attributable to owners of the company was RMB 1,172,000 or 0.23 cents per basic share compared with RMB 1,666,000 or 0.33 cents per basic share for the same period a year ago. Net cash inflow from operating activities was RMB 6,763,000 compared with RMB 252,000 for the same period a year ago. Main reason for the decrease in turnover was due to the intense competition in the electronics industry.