HLGF(SH:600346)2017-01-19 16:00Financial Performance - The company expects a net profit attributable to shareholders for 2016 to be between 1,120 million and 1,180 million RMB, representing an increase of 560.72% to 585.40% compared to the previous year[3]. - The net profit for the same period last year was -243.1 million RMB, with an earnings per share of -0.36 RMB[4]. - The adjusted net profit for 2016, compared to the previous year, is expected to increase by 81.86% to 91.61%[6]. Business Transformation - The significant increase in profit is attributed to major asset restructuring and a shift in the main business from rubber machinery to polyester filament[4]. - The company implemented major asset restructuring and acquisitions during the reporting period, which will affect the consolidated financial statements[6]. Industry Trends - The polyester fiber industry is adapting to the new normal, benefiting from supply-side reforms, leading to effective capacity reduction and inventory destocking[4]. - Domestic weaving demand has increased, driving sustained growth in civilian polyester filament demand[5]. Profitability and Efficiency - The company has seen a notable increase in the profitability of all main products, with overall efficiency significantly improving compared to the same period in 2015[5]. Financial Data Caution - The financial data provided is preliminary and has not been audited by registered accountants, with final figures to be disclosed in the official 2016 annual report[6]. - Investors are advised to pay attention to investment risks due to the preliminary nature of the financial data[6].