China Automation Group Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company posted revenue of RMB 1,195,259,000 against RMB 1,640,983,000 a year ago. Loss before taxation was RMB 422,842,000 against RMB 351,316,000 a year ago. Loss for the year from continuing operations was RMB 414,897,000 or 38.08 cents basic and diluted per share against RMB 363,519,000 or 31.06 cents basic and diluted per share a year ago. Loss for the year attributable to owners of the company was RMB 390,757,000 against RMB 105,114,000 a year ago. Net cash generated from operating activities was RMB 119,662,000 against RMB 98,290,000 a year ago. The group was able to generate positive operating cash flow due to (i) the decrease in inventories; and (ii) the decrease in trade and bills receivables as well as the decrease in other receivables.