October 20 -- Gansu Languang Science and Technology (RCode: 000981:) forecasts a 10,773.38 percent year-on-year surge in 2011 net profit attributable to shareholders to 620 million yuan, reports stcn.com, citing a company filing.

The company attributes the surge in 2011 net profit to the completion of a major asset restructuring in May, and the consolidation of Ningbo Yinyi Real Estate into its financial statements this year.

Source:CapitalVue