Zhejiang RuiYuan Intelligent Control Technology Company Limited reported audited consolidated earnings results for the year ended December 31, 2016. The company reported revenue of RMB 14,337,000, loss before tax of RMB 2,626,000, loss attributable to owners of the parent of RMB 2,624,000 or RMB 0.52 per basic share against revenue of RMB 56,427,000, profit before tax of RMB 4,524,000, profit attributable to owners of the parent of RMB 4,524,000 or RMB 0.90 per basic share a year ago. Revenue decreased by RMB 42,090,000 due to the poor market conditions during the year and the fact that the company ceased to sell low-margin products. This had however resulted in an improvement in gross profit margin in 2016.