Zhejiang MIZUDA Dyeing and Printing Group Co., Ltd has released its 2016 preliminary earnings estimate. The operating revenue totaled 819 million yuan, down 8.88% year on year and operating profits were 24.11 million yuan, a fall of 50.05% year on year. The net profits that belong to the shareholders approached 20.20 million yuan, down 48.52% year on year. The decline was mainly attributed to the higher selling expenses and research and development costs.