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Zhonghe lowers FY 2016 net profit outlook to be 50 mln yuan to 80 mln yuan

Friday, 27 Jan 2017 04:36am EST

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 to halt production in spinning unit by Dec. 31

Wednesday, 28 Dec 2016 04:50am EST

Guangdong Xinhui Meida Nylon Co Ltd <000782.SZ> :Says it resolves to halt production in spinning unit by Dec. 31.

Toyobo to merge finance unit in Osaka

Thursday, 22 Dec 2016 01:00am EST

Toyobo Co Ltd <3101.T>: Says it plans to merge its wholly owned finance unit, based in Osaka .Says effective April 1, 2017.

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