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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-10-107265.txt : 20101119
<SEC-HEADER>0000950123-10-107265.hdr.sgml : 20101119
<ACCEPTANCE-DATETIME>20101119103624
ACCESSION NUMBER:		0000950123-10-107265
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20101119
DATE AS OF CHANGE:		20101119

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			China Xiniya Fashion Ltd
		CENTRAL INDEX KEY:			0001499494
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-170368
		FILM NUMBER:		101204437

	BUSINESS ADDRESS:	
		STREET 1:		Xiniya Industry Mansion
		STREET 2:		Xintang Development Area, Jinjiang
		CITY:			Fujian Province
		STATE:			F4
		ZIP:			362200
		BUSINESS PHONE:		(86-595) 8888 6166

	MAIL ADDRESS:	
		STREET 1:		Xiniya Industry Mansion
		STREET 2:		Xintang Development Area, Jinjiang
		CITY:			Fujian Province
		STATE:			F4
		ZIP:			362200

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			China Xiniya Fashion Ltd
		CENTRAL INDEX KEY:			0001499494
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		Xiniya Industry Mansion
		STREET 2:		Xintang Development Area, Jinjiang
		CITY:			Fujian Province
		STATE:			F4
		ZIP:			362200
		BUSINESS PHONE:		(86-595) 8888 6166

	MAIL ADDRESS:	
		STREET 1:		Xiniya Industry Mansion
		STREET 2:		Xintang Development Area, Jinjiang
		CITY:			Fujian Province
		STATE:			F4
		ZIP:			362200
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<FILENAME>h04652fwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Issuer Free Writing Prospectus<BR>
Filed pursuant to Rule&nbsp;433<BR>
Registration No.&nbsp;333-170368<BR>
November&nbsp;19, 2010

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>China Xiniya Fashion Limited</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>China Xiniya Fashion Limited, or our company, has filed a registration statement on Form&nbsp;F-1
(including a prospectus) with the Securities and Exchange Commission, or the SEC, for the offering
to which this free writing prospectus relates. Before you invest, you should read the prospectus in
that registration statement and other documents our company has filed with the SEC for more
complete information about our company and this offering. Investors should rely upon the prospectus
and any relevant free writing prospectus for complete details. You may get these documents and
other documents our company has filed for free by visiting EDGAR on the SEC web site at
www.sec.gov. Alternatively, our company, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by
calling toll-free 1-800-221-5616 (calling this number is not toll-free outside the United States). You may also access our company&#146;s
most recent prospectus dated November&nbsp;19, 2010 by visiting EDGAR
on the SEC website at
<A Href="http://www.sec.gov/Archives/edgar/data/1499494/000095012310107259/h04357a3fv1za.htm">http://www.sec.gov/Archives/edgar/data/1499494/000095012310107259/h04357a3fv1za.htm</a>
</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following information supplements and updates the information contained in our company&#146;s
preliminary prospectus dated November&nbsp;8, 2010. All references to page numbers are to page numbers
in Amendment No.&nbsp;3 to the registration statement on Form F-1.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The second paragraph under &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results
of Operations&#151;Liquidity and Capital Resources&#151;Liquidity&#151;Cash Flow Generated By Operating
Activities&#148; on page 67 has been replaced with the following paragraph:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our net cash generated by operating activities for the nine months ended September&nbsp;30, 2010
was RMB96.0&nbsp;million ($14.3&nbsp;million), which primarily consisted of profit before taxation of
RMB177.9&nbsp;million ($26.6&nbsp;million) and an increase in trade payables of RMB86.4&nbsp;million ($12.9
million), as adjusted by (i)&nbsp;an increase in trade receivables of RMB148.2&nbsp;million ($22.2&nbsp;million)
due also to the increase in sales volume and the extension in 2010 of credit terms we offered to
department store chain clients from 60&nbsp;days to 90&nbsp;days, (ii)&nbsp;income tax payments of RMB21.5&nbsp;million
($3.2&nbsp;million) and (iii)&nbsp;an increase in inventories of RMB8.2&nbsp;million ($1.2&nbsp;million), also due to
the increase in sales volume. Our total revenues for the nine months ended September&nbsp;30, 2010
increased by 36.2% to RMB565.7&nbsp;million (US$84.6&nbsp;million) from the same period in 2009 due to an
increase in sales volume as a result of the overall growth in our business throughout the period as
well as the fact that the fall season is our peak sales season. Our sales volumes are generally
higher in September, October and November than other months of the year, and September typically
represents the highest monthly sales volume. For example, revenues in September&nbsp;2010 represented
27.2% of our total revenues for the nine-month period ended September&nbsp;30, 2010. These higher sales
volumes contributed to the increases in trade receivables, trade payables and inventory balances at
September&nbsp;30, 2010. Trade receivables at September&nbsp;30, 2010 increased primarily due to the higher
levels of sales revenues in September, which revenues had not yet been collected. Similarly, trade
payables and inventory balances were higher at September&nbsp;30, 2010 as we increased production and
purchases to meet our peak season demand. Our inventory turnover ratio has remained relatively
consistent at 13&nbsp;days and 11&nbsp;days, and our trade payables turnover ratio has decreased from 63&nbsp;days
to 52&nbsp;days for the nine months ended September&nbsp;30, 2009 and 2010, respectively. The decrease in our
trade payables turnover ratio is primarily attributable to our earlier payments to vendors as a
result of the general increase in our available cash balances. Our trade receivables turnover ratio
increased from 18&nbsp;days to 96&nbsp;days for the nine months ended September&nbsp;30, 2009 and 2010,
respectively, which is in part a reflection of the extension of our credit terms. However, this
ratio is not necessarily indicative of the aging of our receivables, and we have generally settled
the substantial portion of our trade receivables within 60&nbsp;days. See note 8 to our audited
financial statements for additional information regarding our trade receivables. We have not
historically experienced any significant delays in the payment of our trade receivables and believe
that the trade receivables outstanding as of September&nbsp;30, 2010 will be collected when due and
payable according to their credit terms.
</DIV>


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</DIV>



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