China Gaoxian Fibre Fabric Holdings Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported revenue of RMB 485,879,000 against RMB 40,681,000 a year ago, the increase in revenue was mainly due to the resumption of Huaxiang Plant's full production capacity for FDY, POY and PET chips since the second quarter for the financial year ended 31 December 2016. Loss before tax was RMB 50,892,000 against RMB 573,275,000 a year ago. Net loss attributable to shareholders representing total comprehensive loss for the period attributable to equity holders of the company was RMB 50,892,000 against RMB 573,275,000 a year ago. Net cash flows generated from operating activities was RMB 62,478,000 against RMB 48,220,000 a year ago. Purchase of property, plant and equipment was RMB 511,000 against RMB 15,503,000 a year ago. Basic and diluted loss per share was RMB 0.45 against RMB 5.04 per share a year ago. The loss before tax was mainly attributed to the depreciation of property, plant and equipment amounted to RMB 52.6 million For the year, the company reported revenue of RMB 1,166,237,000 against RMB 147,006,000 a year ago. Loss before tax was RMB 257,626,000 against RMB 787,042,000 a year ago. Net loss attributable to shareholders representing total comprehensive loss for the period attributable to equity holders of the company was RMB 257,626,000 against RMB 787,042,000 a year ago. Net cash flows generated from operating activities was RMB 103,956,000 against net cash flows used in operating activities of RMB 30,561,000 a year ago. Purchase of property, plant and equipment was RMB 51,568,000 against RMB 155,516,000 a year ago. Basic and diluted loss per share was RMB 2.26 against RMB 6.92 per share a year ago. On group basis, negative net asset value per share was RMB 1.92 against positive net asset value per share of RMB 0.34 a year ago. On company basis, negative net asset value per share was RMB 0.79 against RMB 0.77 a year ago.