Chigo Holding Limited reported audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported profit and total comprehensive income attributable to owners of the company of RMB 199,871,000 or 2.37 cents per basic and diluted share on turnover of RMB 9,183,678,000 against loss and total comprehensive expense attributable to owners of the company of RMB 92,055,000 or 1.09 cents per basic and diluted share on turnover of RMB 8,801,814,000 a year ago. Profit before taxation was RMB 257,702,000 against RMB 136,166,000 a year ago.

During the year the company's total turnover increased principally due to the increase in sales volume of air-conditioning products together with strong sales growth in parts and components during the year. Net cash used in operating activities was RMB 318.2 million against net cash from operating activities of RMB 1,184.9 million a year ago. The company announced acquisition of property, plant and equipment of approximately RMB 78.9 million against approximately RMB 37.9 million a year ago.