August 16 – Zhejiang Quartz Crystal Optoelectronic Technology (Rcode:002273:) posted a 41.67-percent year-on-year surge in interim net profits to 60.37 million yuan, reports yicai.com, citing a company filing. Sales revenues during that period rose 37.57 percent year-on-year to 191 million yuan.

The Taizhou-based firm predicts it could earn 68.27 million yuan in net profits for the first nine months, up between 30 and 50 percent year-on-year.

The third quarter is reportedly the peak season for the company’s cutoff filters and optical low-pass filters (OLPF) for single lens reflex digital camera. Sales revenues of the two products rose more than 50 percent to hit 97.04 million and 31.54 million yuan respectively.

Crystal Optech will focus on expanding market share among international single lens reflex digital camera makers and expanding production of cutoff filters in the second half of 2011.