China Assurance Finance Group Limited announced unaudited consolidated financial results for the quarter ended March 31, 2017. For the quarter, the company reported revenue of RMB 5,695,000 against RMB 97,863,000 for the same period a year ago. Loss before income tax was RMB 22,864,000 against profit before income tax of RMB 199,971,000 for the same period a year ago. Loss for the period was RMB 18,626,000 against profit for the period of RMB 197,989,000 for the same period a year ago. Loss for the period attributable to owners of the company was RMB 14,650,000 against profit for the period attributable to owners of the company of RMB 189,555,000 for the same period a year ago. Diluted loss per share was 0.87 cents per share against diluted earnings per share of 10.62 cents per share for the same period a year ago. Loss attributable to owners of the company was mainly due to the absence of gain on bargain purchase arising from the acquisition through the capital injection in Nanning (China ASEAN) Commodity Exchange Company Limited in the corresponding period in 2016 and a significant decline in the income from on line trading platform.