What would you have forecast for the prospects of a company that announced this?

 Singapore, August 10, 2010 – Changtian Plastic & Chemical Limited (“长天实业有限公司”) (“Changtian” or the “Group”), a leading manufacturer of chemical-based products serving the packaging, water treatment and oil sectors, today announced its results for the six months ended June 30, 2010 (“1HFY10”). The Group’s net profit surged 262.8% to RMB86.7 million, while revenue increased 166.9% to RMB412.9 million.

It’s easy to hyperventilate about a stunning new business line:

Revenue growth for 2QFY10 was mainly driven by an increase in orders and higher average selling prices for the Group’s biaxially-oriented polyamide (BOPA) film and specialty chemical – 2-Acrylamido 2-Methyl propane sulfonic acid (2-A2MPS). In particular, revenue from its new product, UV cured release film which commenced commercial sales from the second quarter of the financial year 2009 (“2QFY09”),
increased an impressive five-fold and ...