China Saite Group Company Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of RMB 1,411,745,000 compared to RMB 1,650,760,000 a year ago. Profit before tax was RMB 314,221,000 compared to RMB 391,677,000 a year ago. Profit and total comprehensive income for the year attributable to owners of the company was RMB 227,200,000 or 9.77 cents per basic share compared to RMB 288,269,000 or 14.13 cents per basic share a year ago. During the year, the groups net cash used in operating activities was approximately RMB 4.0 million against RMB 191.7 million a year ago. The group's capital expenditure consisted of additions to property, plant and equipment amounting to approximately RMB 49.9 million against RMB 23,000 a year ago. The decrease in profit was resulted from the net effect of decrease in revenue and gross profit; decrease in other gains and losses due to the increase in impairment loss on trade receivables; and increase in administrative expenses and finance costs, which was mainly attributable to the increase in financial guarantee provision and the financing activities carried out during the year.