Christine International Holdings Limited reported earnings results for the year ended December 31, 2014. For the period, the company revenue of RMB 1,253,110,000 compared with RMB 1,379,767,000 for the same period last year. Loss before taxation was of RMB 135,960,000 compared with RMB 21,605,000 for the same period last year.

Loss and total comprehensive expense for the year attributable to owners of the company was RMB 150,785,000 or 14.9 basic and diluted cents compared with RMB 37,415,000 or 3.7 basic and diluted cents for the same period last year. Net cash used in operating activities were RMB 176,023,000 compared with RMB 122,908,000 for the same period last year. Purchase of property, plant and equipment was RMB 64,146,000 compared with RMB 139,343,000 for the same period last year.

Purchase of intangible assets was RMB 239,000 compared with RMB 1,134,000 for the same period last year. The decrease in revenue was mainly attributable to the fierce competition from diversified business models of peers, resulting in separation of consumers groups in the market.