China Gaoxian Fibre Fabric Holdings Ltd. reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2017. For the quarter, the company reported gross profit of RMB 3,980,000. loss before tax of RMB 52,762,000 and net loss attributable to equity holders of the company of RMB 52,762,000 or RMB 0.46 per diluted share on revenue of RMB 634,483,000 against gross profit of RMB 614,000. loss before tax of RMB 92,673,000 and net loss attributable to equity holders of the company of RMB 92,673,000 or RMB 0.81 per diluted share on revenue of RMB 31,971,000 for the same period of last year. Net cash flows generated from operating activities was RMB 60,427,000 against RMB 28,826,000 for the same period of last year. Purchase of property, plant and equipment was RMB 9,392,000 against RMB 25,851,000 for the same period of last year.