July 19 -- Xinjiang Dushanzi Tianli High & Newtech (600339) forecasts an 85 to 105 percent year-on-year increase in first-half net profit to 84.66 million yuan, reports p5w.net, citing a company filing.

The petrochemical producer attributed the profit jump to higher sales and gross margins of adipic acid and methyl ethyl ketone products.

Founded in 1999 in Karamay city, Tianli High Tech produces lubricants and additives, asphalt, non-woven cloth and plastic materials.