P99 Holdings Limited announced unaudited group earnings results for the year ended December 31, 2013. For the year, the company reported revenue of RMB 794,000 compared to RMB 786,000 a year ago. Loss before income tax was RMB 53,704,000 compared to RMB 67,217,000 a year ago.

Total loss for the financial year was RMB 53,704,000 compared to RMB 67,217,000 a year ago. Net cash used in operating activities was RMB 8,797,000 compared to RMB 20,176,000 a year ago. Purchase of property, plant and equipment was RMB 155,000 compared to RMB 1,823,000 a year ago.

Basic and diluted LPS was 25.51 cents compared to 37.43 cents a year ago. The group reported a cash outflow of RMB 8,825,000 in 2013 from its operating activities, after accounting for movements in working capital. This was primarily due to losses incurred in 2013 and partially offset by net cash from working capital arising mainly from decrease in other receivables and other current assets of RMB 4,462,000 (excluding the impairment of profit warranty receivable).