August 1 – Qinghai Gelatin (000606) posted a 12,963-percent year-on-year increase in net profits for first half of 2011 to 33.15 million yuan with earnings per share of 0.0817 yuan, reports p5w.net, citing a company filing. Sales revenues fell 6.58 percent year-on-year to 395 million yuan.

Accounting for the astronomical profit growth was the firm’s sale of Sichua Hezheng Pharmaceutical. The firm predicts that net profits for first nine months will grow by 707.06 percent year-on-year.

Qinghai Gelatin was founded in 1996 and makes gelatin products, health care products, and traditional Chinese medicine for medical, food, and photography businesses. It sells domestically.