August 1 -- Shandong Hualu Hengsheng Chemical (600426) posted a 87.13 percent year-on-year increase in net profit during the first half of 2011 to 261 million yuan, with earnings per share of 0.41 yuan, reports p5w.net, citing a company filing.

Sales revenue rose 21.68 percent year-on-year to 2.78 billion yuan.

According to the company, it was able to absorb higher raw material costs through its technological innovation.