China Auto Logistic Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $106,975,050 compared to $107,625,066 a year ago. Loss from operations was $7,562 compared to income from operations of $1,464,322 a year ago.

Loss before income taxes was $1,552,911 compared to income before income taxes of $1,443,823 a year ago. Net loss attributable to shareholders of the company was $1,346,167 or $0.33 per basic and diluted share compared to net income attributable to shareholders of the company of $1,007,335 or $0.27 per basic and diluted share a year ago. Net cash used in operating activities was $12,773,790 compared to net cash provided by operating activities of $6,143,095 a year ago.

Purchase of property and equipment was $652 compared to $1,864 a year ago.