July 4 -- Wuxi Taiji Industry (600667), a maker of industrial yarn, twill fabrics and canvas, predicts a more than 800 percent year-on-year rise in first half 2011 net profit, reports p5w.net, citing a company filing.

The company had earned net profit of 5.03 million yuan in the same period a year ago.

The company said its proposal for a large-scale asset restructuring in the first half of 2011 has yet to be approved.