March 28 -- Hubei Huitian Adhesive Enterprise (300041) reported a 72.85 percent increase in 2010 net profit to 87.81 million yuan, reports stcn.com, citing a company filing. Sales revenue in 2010 rose 73.7 percent to 414 million yuan, with earnings per share (EPS) of 1.33 yuan, up 28.33 percent. The company announced a cash dividend of six yuan and a stock dividend of six shares for every 10 shares held.

Huitian Adhesive also plans to invest 249 million yuan to establish a subsidiary, which produces solar cell film.