Textiles & Leather Goods
Zhonghe Co Ltd <002070.SZ>: Sees net profit for FY 2016 to be 50 million yuan to 80 million yuan . Says in the previous outlook, the company expected the net profit for FY 2016 to be 80 million yuan to 150 million yuan . Says the net loss of FY 2015 was 146.8 million yuan .Comments that lower-than-expected sales of lithium salt products and loss reduction of textile printing and dyeing business are the main reasons for the forecast.
Guangdong Xinhui Meida Nylon Co Ltd <000782.SZ> :Says it resolves to halt production in spinning unit by Dec. 31.
Toyobo Co Ltd <3101.T>: Says it plans to merge its wholly owned finance unit, based in Osaka .Says effective April 1, 2017.