Jul. 27, 2012 (China Knowledge) - China Zhongwang Holdings Ltd<1333>, the largest aluminum extrusion products manufacturer in Asia, announced yesterday that it expects its net profit would sharply increase in the first half of this year, sources reported.

The company said that, the huge growth was mainly due to the robust sales during the six-month period.

Affected by the U.S’s antidumping policies last year, China Zhongwang's net profit attributable to shareholders plunged 80.3% YoY in the first half of 2011.

In the first quarter of this year, the aluminum extrusion products manufacturer booked RMB 3.24 billion in operation revenue, surged 117.5% from a year earlier, while its net profit for the period skyrocketed 197.58% YoY to RMB 491 million.