Sino Grandness Food Industry Group Limited reported unaudited group earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's revenue was RMB 939,949,000 compared to RMB 1,128,744,000 a year ago. Profit before income tax and changes in fair value of the option derivatives in relation to convertible bonds was RMB 148,374,000 compared to RMB 265,745,000 a year ago. Profit before income tax was RMB 148,374,000 compared to RMB 228,347,000 a year ago. Net profit was RMB 104,987,000 compared to RMB 157,573,000 a year ago. Profit attributable to equity holders of the parent was RMB 105,054,000 compared to RMB 157,687,000 a year ago. Net cash generated from operating activities was RMB 30,236,000 compared to RMB 65,988,000 a year ago. Acquisition of property, plant and equipment was RMB 164,870,000 compared to RMB 11,499,000 a year ago. EPS on a fully diluted basis was 13.6 cents compared to 23.2 cents a year ago. For the six months, the company's revenue was RMB 1,575,036,000 compared to RMB 1,852,450,000 a year ago. The decrease was attributable to the decrease of RMB 246.2 million from sale of beverage, RMB 12.3 million from sales of canned products in domestic market and RMB 18.9 million from sales of canned products in overseas markets. The decrease in sales revenue of beverage from half year 2016 to half year 2017 was mainly due to changes in consumption environment of the domestic beverage market in People's Republic of China ("China"). Profit before income tax and changes in fair value of the option derivatives in relation to convertible bonds was RMB 238,157,000 compared to RMB 510,006,000 a year ago. Profit before income tax was RMB 231,080,000 compared to RMB 630,496,000 a year ago. The decrease was mainly due to a decrease in revenue and other operating income coupled with an increase in finance cost and distribution and selling expenses, partially offset by a decrease in administrative expenses and changes in fair value of the option derivatives in relation to convertible bonds. Net profit was RMB 157,730,000 compared to RMB 517,661,000 a year ago. Profit attributable to equity holders of the parent was RMB 157,840,000 compared to RMB 517,907,000 a year ago. Net cash generated from operating activities was RMB 420,481,000 compared to RMB 294,241,000 a year ago. Acquisition of property, plant and equipment was RMB 164,901,000 compared to RMB 14,021,000 a year ago. EPS on a fully diluted basis was 20.5 cents compared to 76.2 cents a year ago.