August 1 -- Zhejiang Jianfeng Group (600668) posted a 562.89 percent year-on-year increase in first half 2011 net profit to 154 million yuan, reports Beijing Times, citing a company filing.

Revenue rose 33.49 percent year-on-year to 779 million yuan during the reporting period.

Jianfeng Group received cash dividends of 32.99 million yuan from South Cement Corporation.

Jianfeng Group is mainly involved in the cement and pharmaceutical business.

Jianfeng Pharmaceutical, a subsidiary of Jianfeng Group, is constructing a pharmaceuticals production base.

An analyst from Datong Securities said the construction of affordable housing may boost the demand for cement in the second half of 2011.