China's Jingwei Textile Machinery Ltd has reported an interim net profit of 90.5m yuan (US$10.9m), a rise of 37.8 per cent over the same period last year.

In the first half of the year, the company also posted 1.2bn yuan in revenue, an increase of 48.42 per cent over the corresponding period last year.

The company attributed the positive results to its operational restructuring, an increase in its product mix, and an investment adjustment.

The company said in a statement that it also introduced new stringent quality controls, and put more effort into the expansion of both its domestic and overseas markets.

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