Luzhou Bio-chem Technology Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenue of RMB 528,869,000 against RMB 537,465,000 a year ago. Loss before taxation was RMB 34,199,000 against profit of RMB 45,884,000 a year ago. Total comprehensive loss attributable to owners of the company was RMB 34,330,000 or 5.8 cents per basic and diluted share against profit of RMB 44,746,000 or 7.5 cents per basic and diluted share a year ago. Net cash generated from operating activities was RMB 21,712,000 against RMB 52,449,000 a year ago. Purchase of plant and equipment was RMB 27,298,000 against RMB 11,143,000 a year ago. The group's revenue decreased slightly by 1.6% due mainly to the decrease in sales volume of corn refining segment partially offset by the increase in selling prices of corn refining products. For the year, the company reported revenue of RMB 2,038,317,000 against RMB 1,921,780,000 a year ago. Loss before taxation was RMB 32,823,000 against profit of RMB 18,868,000 a year ago. Total comprehensive loss attributable to owners of the company was RMB 33,517,000 or 5.6 cents per basic and diluted share against profit of RMB 13,879,000 or 2.3 cents per basic and diluted share a year ago. Net cash generated from operating activities was RMB 135,743,000 against RMB 147,418,000 a year ago. Purchase of plant and equipment was RMB 59,991,000 against RMB 122,921,000 a year ago. The revenue increased by 6.1% year-on-year this was mainly due to the increase in sales volume of corn refining segment, which was partially offset by the decrease in the average selling price. The strict environmental regulation has resulted in the weak demand and stiff competition in the corn sweetener industry.