Consumer Capital Group Inc. reported earnings results for the year ended December 31, 2012. For the year, the company reported net revenues were decreased to $6,823,880 from $7,783,719 for the year ended December 31, 2011, a decrease of $959,839 or 12.3%. The net cash used in operating activities was $1,783,227 against $1,921,043 a year ago, which was primarily due to a net loss of $1,285,670, an increases in other payables of $36,254, an increase in advance to suppliers of $440,242, an increase in accounts payable of $622,731, an increase of accounts receivable of $569,398 and an increase in deferred revenue of $112,386, partially offset by decreases in inventories of $493,572 and expenses from the issuance of common stocks to service providers of $486,533.
1st Jan change | Capi. | |
---|---|---|
-12.37% | 2.73B | |
-7.55% | 1.06B | |
-28.20% | 694M | |
-16.59% | 581M | |
-10.37% | 463M | |
-2.10% | 318M | |
+15.35% | 124M |