Red Avenue New Materials (SHA:603650) posted first-half attributable net profit of 389.0 million yuan, up 11% from 350.9 million yuan the previous year.
Earnings per share rose to 0.63 yuan from 0.59 yuan, according to a Thursday filing with the Shanghai bourse.
Operating revenue climbed 29% year over year to 2.14 billion yuan from 1.65 billion yuan.
Shares of the new chemicals maker were down 4% Thursday.
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