July 26 – Shandong Yanggu Huatai Chemical (300121) recorded a 37.86-percent year-on-year drop in net profits in the first half of 2011 to 10.91 million yuan, reports yicai.com, citing a company filing.

Sales revenues hit 180 million yuan, while earnings per share tumbled 74.1 percent to 0.1011 yuan.

The firm, which is based in Liaocheng city, plans to convert eight shares for every 10 held from its capital surplus.

Net assets per share plummeted 43 percent, the source noted.