August 1 -- Nanjing Hongbaoli Corporation (002165) posted a 17.2 percent year-on-year increase in net profit to 72.1 million yuan in the first half of 2011, reports 163.com, citing a company filing.

Sales revenue in the first half grew 30.68 percent year-on-year to 985 million yuan, with earnings per share (EPS) of 0.29 yuan, up 20.83 percent year-on-year. The company will not pay any dividends this year.

Nanjing Hongbaoli, formerly Nanjing Polyurethane Chemical Plant, produces blended polyols.