BRIEF-China Weaving Materials Holdings Expects Decrease In Consol Net Profit For Year

Jan 16 (Reuters) - China Weaving Materials Holdings Ltd :

* EXPECTED TO RECORD A SUBSTANTIAL DECREASE IN ITS CONSOLIDATED NET PROFIT FOR YEAR

* EXPECTED RESULT DUE TO DECREASE IN GROSS PROFIT MARGIN AS PRICES OF GROUP'S YARNS PRODUCTS DECREASED Source text for Eikon: Further company coverage: