Baofeng Group Co., Ltd. reported earnings results for the year 2016. For the year, the company reported operating revenue of CNY 1.647 billion, rising 152.62% from a year earlier. Net profit declined 69.53% to CNY 52.8117 million.

For the first quarter of 2017, the company expecting net loss of CNY 14.5 million to CNY 19.5 million, in contrast to profit of CNY 3.3955 million a year ago.