August 18 -- Shanghai Yongli Daiye  posted a 21.33 percent increase in net profit to 19.98 million yuan in the first half of 2011, reports p5w.net, citing a company filing. Sales revenue in the same period grew 25.42 percent to 137 million yuan, with earnings per share (EPS) of 0.3 yuan, up 21.31 percent. The percentage changes are year-on-year.

The company attributed the increase in net profit to increased production capacity. Shanghai Yongli Belting, founded in 1999, produces light duty conveyor belts.