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CHJ Jewelry's H1 profit up 10.67%

Jul. 31, 2012 (China Knowledge) - Guangdong CHJ Jewelry Co Ltd<002345>, which is principally engaged in the design, produce and sales of jewelry products, saw its net profit attributable to shareholders for the first half of this year grew 10.67% YoY to RMB 81.52 million.

According to a statement filed with Shenzhen Stock Exchange, the company's operation revenue rose 30.07% from a year earlier to RMB 828 million during the six-month period, while basic earnings per share for the period were RMB 0.45.

From January to June, the operation revenue from East China increased 31.65% YoY to RMB 484.69 million, while its Northeast China and Central China business generated RMB 121.66 million and RMB 45.72 million in operation revenue, up 36.36% and 45.22% YoY, respectively.

Because of strong branding it has strengthened the sale and channel marketing, and resulted in desired progress. CHJ Jewelry expects its net profit for the first nine month of this year to increase up to 30%.

In May 2012, the company announced to raise no more than RMB 950 million worth of A-share to open 240 new stores in the next three year, China Knowledge reported earlier.







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