China Assurance Finance Group Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of RMB 16,350,000 compared to RMB 676,123,000 a year ago. Loss before income tax was RMB 391,612,000 compared to profit before income tax of RMB 62,795,000 a year ago. Loss for the year attributable to owners of the company was of RMB 222,649,000 or 13.11 cents per diluted share compared to profit for the year attributable to owners of the company of RMB 116,084,000 or 6.76 cents per diluted share a year ago. This was mainly due to the gain on bargain purchase arising from acquisition of equity interest in NCCE and gain on disposal of properties held for sales. Additions to property, plant and equipment was RMB 2,005,000 against RMB 12,300,000 a year ago.