FDG Electric Vehicles Limited reported unaudited consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported revenue of HKD 284,115,000 against HKD 507,130,000 a year ago. Loss before tax was HKD 723,091,000 against HKD 423,644,000 a year ago. Loss for the period was HKD 703,733,000 against HKD 402,629,000 a year ago. Loss attributable to owners of the company was HKD 546,772,000 or 2.44 HK cents per basic and diluted share against HKD 276,353,000 or 1.25 HK cents per basic and diluted share a year ago. The substantial decrease was mainly due to a combined effect of the significant decrease in the sales of electric vehicles represented by a revenue of approximately HKD 64.5 million in the current period, a decline of approximately 81.9% as compared to a revenue of approximately HKD 355.9 million of the last corresponding period mainly resulting from the impact of new specification requirements on electric vehicles under the new subsidy policies in the PRC market; a slight increase in sales of battery products of approximately HKD 2.4 million to external customers as compared to that of the last corresponding period; and the increase in sales of cathode materials to 970 tonnes from the battery materials production business, represented by a revenue of approximately HKD 169.0 million, an increase of approximately 62.8% as compared with a revenue of approximately HKD 103.8 million of the last corresponding period, which was mainly attributable to the increase in demand of customers. Capital expenditures of the group's factories in the PRC was HKD 728,122,000.