Chigo Holding Limited reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported loss and total comprehensive loss attributable to owners of the company of RMB 81,039,000 or 0.96 cents per basic and diluted share on turnover of RMB 9,233,191,000 against profit and total comprehensive profit 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 a year ago. Loss before taxation was RMB 8,572,000 against profit of RMB 257,702,000 a year ago.

During the year, the turnover of the Group was mainly derived from the sales of air-conditioners and air-conditioner parts and components. Net cash from operating activities was RMB 1,287.7 million against net cash used in operating activities of RMB 318.2 million a year ago. The company announced acquisition of property, plant and equipment of approximately RMB 75.5 million against approximately RMB 78.9 million a year ago.