Sino Grandness Food Industry Group Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of RMB 1,227,934,000 against RMB 1,108,289,000 a year ago. Profit before income tax was RMB 262,833,000 against RMB 229,428,000 a year ago. Net profit for the period was RMB 193,243,000 against RMB 166,111,000 a year ago. Profit for the period attributable to equity holders of the parent was RMB 193,262,000 against RMB 166,239,000 a year ago. Adjusted net profit was RMB 193.3 million against RMB 173.3 million a year ago. The increase in net profit was mainly due to higher sales in domestic canned products and beverage products. Net cash used from operating activities was RMB 234,856,000 against net cash provided by operating activities of RMB 13,166,000 a year ago. Acquisition of property, plant and equipment was RMB 156,585,000 against RMB 1,588,000 a year ago. EPS on a fully diluted basis was 22.9 cents against 24.5 cents a year ago. For the nine months, the company reported revenue of RMB 2,802,970,000 against RMB 2,960,739,000 a year ago. Profit before income tax was RMB 493,913,000 against RMB 859,924,000 a year ago. Net profit for the period was RMB 350,973,000 against RMB 683,772,000 a year ago. Profit for the period attributable to equity holders of the parent was RMB 351,102,000 against RMB 684,146,000 a year ago. Adjusted net profit was RMB 358.1 million against RMB 471.0 million a year ago. The decrease in net profit in nine months of 2017 was mainly due to lower gross profit margin, absence of gain on restructuring of convertible bonds and changes in fair value of CBs. Net cash provided by operating activities was RMB 185,625,000 against RMB 307,407,000 a year ago. Acquisition of property, plant and equipment was RMB 321,486,000 against RMB 15,609,000 a year ago. EPS on a fully diluted basis was 41.5 cents against 100.8 cents a year ago. The decrease in profit before taxation was mainly due to a decrease in revenue, other operating income, distribution and selling expenses, administrative expenses as well as changes in fair value of the option derivatives in relation to convertible bonds, partially offset by an increase in finance costs.