Hongli Clean Energy Technologies Corp. reported consolidated earnings results for the fourth quarter and year ended June 30, 2015. For the three months ended June 30, 2015, total revenue decreased by approximately $0.1 million, or 1.0%, to $8.5 million from $8.6 million for the same period of last fiscal year as a result of decreases in sales of coke and coal products which was partially offset by sales of syngas which have started to generate revenue from the second quarter of fiscal year 2015. Net loss was $7.9 million, or $0.33 per diluted share, compared to net loss of $0.8 million, or $0.04 per diluted share, for the same period of last fiscal year. The decrease in net income was mainly related to one-time charges of $8.4 million for bad debt and $2.3 million for asset impairment.

For the year, revenue was $45,613,084 against $50,267,693 a year ago. Loss from operations was $3,099,450 against income from operations of $6,715,337 a year ago. Loss before income taxes was $1,417,909 against income before income taxes of $2,842,064 a year ago. Net loss was $3,463,774 or $0.15 per basic and diluted share against $990,582 or $0.05 per basic and diluted share a year ago. Net cash provided by operating activities was $530,514 against net cash used in operating activities of $648,578 a year ago. For the twelve months ended June 30, 2015, total revenue decreased by $4.7 million, or 9.3%, as a result of decreases in sales of coke and coal products and partially offset by sales of syngas which started to generate revenue from the second quarter of fiscal year 2015.