July 6 -- Zhejiang Juhua (600160) raised its forecasts on first-half earnings, reports 163.com. Juhua forecasts its first half net profit attributable to shareholders may have grown 500-550 percent year-on-year. It forecasted in its first quarter report that net profits may jump 200 percent. Juhua said both the average price of its major products and its CDM returns exceeded their expectation in the second quarter.

Juhua was founded in 1998 in Quzhou city and produces fluoride, ammonia, and acid products. It owns China’s largest fluoride factory.

Shares of Zhejiang Juhua (600160) wrapped up morning trading at 34.56 yuan at 11:30 today.