China Gaoxian Fibre Fabric Holdings Ltd. reported un-audited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of RMB 717.4 million compared to RMB 634.5 million, loss before tax of RMB 8.9 million compared to RMB 52.8 million and net loss attributable to shareholders representing total comprehensive of RMB 8.9 million compared to RMB 52.8 million a year ago. Net cash flows generated from in operating activities was RMB 11.5 million compared to RMB 60.4 million and purchase of property, plant and equipment was RMB 8.7 million compared to RMB 9.4 million for the last year. Basic and diluted loss per share was RMB 0.08 compared to RMB 0.46 a year ago. Net asset value per share as at March 31, 2018 was RMB 3.86 compared to RMB 3.96 as at December 31, 2017. The loss before tax was mainly attributed to the depreciation of property, plant and equipment amounting to RMB 37.5 million. In addition, the high financial expense was also a factor of the net loss. The net profit would be RMB 54.7 million if such factors are being excluded.