China Gaoxian Fibre Fabric Holdings Ltd. announced unaudited group earnings results for the third quarter and nine months ended 30 September 2016. For the quarter group's revenue increased by RMB 336.9 million or 732.5% to RMB 382.9 million from RMB 46.0 million a year ago. The total revenue consists sales of DTY of RMB 41.6 million, FDY of RMB 160.1 million, POY of RMB 120.2 million and PET Chips of RMB 61.0 million against DTY sales amounted to RMB 46.0 million and the sales of FDY, POY and PET chips amounted RMB 497.1 million were previously capitalized as part of construction work-in-progress (CWIP) during testing phase. This resulted in a gross profit of RMB 16.7 million compared to a gross profit of RMB 1.44 million a year ago. The gross profit was mainly due to higher products selling price and higher sales volume. The group reported a net loss of RMB 49.2 million. Loss before tax was RMB 49,181,000 against RMB 88,675,000 a year ago. Net loss attributable to shareholders was RMB 49,181,000 against RMB 88,675,000 a year ago. Net cash flows generated from operating activities was RMB 42,695,000 against RMB 16,798,000 a year ago. Purchase of property, plant and equipment was RMB 17,762,000 against RMB 43,398,000 a year ago. Basic and diluted loss per share was RMB 0.43 against RMB 0.78 a year ago. Negative net asset value per share was RMB 1.47 as on 30 September 2016. For the nine months, the company reported revenue was RMB 680,358,000 against RMB 106,324,000 a year ago. Loss before tax was RMB 206,734,000 against RMB 213,767,000 a year ago. Net loss attributable to shareholders was RMB 206,734,000 against RMB 213,767,000 a year ago. Net cash flows generated from operating activities was RMB 41,180,000 against cash used in operating activities of RMB 78,780,000 a year ago. Purchase of property, plant and equipment was RMB 51,057,000 against RMB 140,013,000 a year ago. Basic and diluted loss per share was RMB 1.82 against RMB 1.88 a year ago.