China Sanjiang Fine Chemicals Company Limited announced that the company expects its net profit attributable to equity holders for the year ended 31 December 2016 will amount to approximately RMB 550,000,000 as compared to the net loss attributable to equity holders of approximately RMB 145,502,000 for the year ended 31 December 2015. The expected increase in net profit attributable to equity holders of the company for the year ended 31 December 2016 was primarily attributable to the improvement of gross profit margin of MTO production facility; the increase in production capacity and sales volume after the commencement of commercial operation of polypropylene production facility since July 2016; and the income derived from the operation, management and the disposal of Zhejiang Mei Fu Petrochemical Co. Ltd.