AVIC International Maritime Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, revenue was RMB 140,784,000 against RMB 86,104,000 a year ago. The increase in revenue was mainly attributable to the increase of RMB 30.7 million in ship-design services to RMB 87.6 million as a result of more high value ship-design contracts having been secured this quarter; increase of RMB 18.2 million in shipbuilding project financing income through providing financing services to related party shipyards for the construction of vessels; and revenue of RMB 14.1 million from shipbuilding construction service, whereas no such revenue was recognized in the first quarter of 2017. Profit before income tax was RMB 22,270,000 against RMB 16,123,000 a year ago. Profit attributable to equity holders of the company was RMB 13,991,000 against RMB 11,791,000 a year ago. Net cash provided by operating activities was RMB 164,834,000 against net cash used in operating activities of RMB 450,963,000 a year ago. Additions to property, plant and equipment were RMB 954,000 against RMB 1,796,000 year ago. Additions to intangible assets were RMB 1,076,000 against RMB 102,000 year ago. Diluted earnings per share were 4.90 cents against 4.13 cents a year ago.