HK Bourse: Announcement From Texhong Textile Group Ltd.

 
    Following is the related link: 
http://www.hkexnews.hk/listedco/listconews/sehk/2016/0708/LTN20160708239.pdf 
 
 
                              POSITIVE PROFIT ALERT 
 
This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the Listing of 
Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions 
under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong 
Kong). 
 
The board (the "Board") of directors (the "Directors") of Texhong Textile Group Limited 
(the "Company", together with its subsidiaries, the "Group") is pleased to inform the 
shareholders of the Company (the "Shareholders") and potential investors that, based on a 
review of the Group's unaudited management accounts for the six months ended 30 June 
2016, the earnings of the Group for the six months ended 30 June 2016 has a substantial 
increase as compared to that of the six months ended 30 June 2015. Such increase is mainly 
attributable to the improvement in gross margin and the strong sales volume of the Group's 
products. 
 
The Group will continue to pursue its corporate strategy of optimizing its existing product 
mix, developing new products that cater for the trend and demand of the market and fully 
leveraging the cost advantages of the production plants of the Group in Vietnam in order to 
further improve the financial performance of the Group. However, the Directors wish to 
emphasize that the performance of the Group can be affected by market environment, 
including cotton market price, yarn selling prices and foreign exchange rate of Renminbi. In 
particular, the cotton market price and foreign exchange rate of Renminbi may be subject to 
frequent and volatile fluctuation. 
 
The information contained in this announcement is only based on a preliminary assessment 
by the Board based on information currently available to it, including the unaudited 
consolidated management accounts of the Group for the six months ended 30 June 2016, 
which have not been confirmed or reviewed by the Company's auditors or the audit 
committee of the Company and finalized as at the date of this announcement. Detailed 
financial results of the Group for the six months ended 30 June 2016 will be disclosed in the 
interim results announcement which is expected to be published in August 2016. 
 
 
 
 
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Shareholders and potential investors are advised to exercise caution when dealing in the 
shares of the Company. 
 
 
 
Source: Hong Kong Exchanges & Clearing 
 
 
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