Jingwei Textile Machinery (HKG:0350) has said that it expects net profit attributable to shareholders for the year of 2011 to increase by 96-112% on year to RMB480-520 million. The basic EPS is estimated at RMB0.79-0.86.

There was a significant increase in the profit for 2011 because there was a significant increase in the realised income from the textile machinery and trust businesses.