Bolina Holding Co., Ltd. reported unaudited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 359,977,000 against RMB 716,039,000 a year ago. Loss from operations was RMB 307,079,000 against profit of RMB 131,933,000 a year ago. Loss before tax was RMB 343,013,000 against profit of RMB 111,913,000 a year ago. Loss attributable to owners of the parent was RMB 349,601,000 or 35 cents per basic and diluted share against profit of RMB 74,087,000 or 7 cents per basic and diluted share a year ago. Net cash flows used in operating activities were RMB 535,768,000 against RMB 78,303,000 a year ago. Capital expenditures were RMB 22.5 million for 2016, mainly in connection with the upgrade and improvement of production plant and facilities.