August 23 -- Shenzhen Changcheng Investment Holding (000042) posted a 108.52-percent increase in net profit from the first half of 2011 to 169 million yuan, with earnings per share of 0.7063 yuan, reports p5w.net, citing a company filing. Revenue increased 38.18 percent year-on-year to 881 million yuan during the reporting period.

The company attributed the profit growth to rising sales revenue from commercial homes during the reporting period.

Shenzhen Changcheng Investment Holding was founded in 1984 and is engaged in real estate development, sale and management of commodity housing, contracting construction and installation, proprietary property management, warehousing and logistics, as well as hotel management.