Ningbo WanHao Holdings Company Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of RMB 3.323 million compared to RMB 3.270 million a year ago. Loss from operations was RMB 1.371 million compared to RMB 0.733 million a year ago. Loss before taxation was RMB 1.386 million compared to RMB 0.760 million a year ago. Loss attributable to owners of the company was RMB 1.386 million or 0.28 cents per basic share compared to RMB 0.760 million or 0.15 cents per basic share a year ago. For nine months, the company reported revenue of RMB 9.193 million compared to RMB 16.177 million a year ago. Loss from operations was RMB 2.527 million compared to RMB 2.368 million a year ago. Loss before taxation was RMB 2.558 million compared to RMB 2.426 million a year ago. Loss attributable to owners of the company was RMB 2.558 million or 0.51 cents per basic share compared to RMB 2.426 million or 0.49 cents per basic share a year ago. Main reason for the decrease in 2016's turnover was due to the higher competition in the electronics industry.