Changtian Plastic & Chemical, the manufacturer of chemical-based products serving the packaging, water treatment and oil sectors, today says for the three months ended June 30, 2010 (2QFY10), the group’s net profit jumped 150.3% to RMB31.3 million ($6.2 million) on the back of a 134.7% increase in revenue to RMB183.7 million.

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 five-fold and contributed 11.8% of total revenue for 2QFY10.

For the quarter under review, sales of BOPA film rose 125.8% to RMB80.8 million and accounted for 44.0% of total revenue. 2-A2MPS contributed 21.6% of overall revenue and reported quadrupled-growth of 313.5% to RMB39.7 million, aided by increased sales volumes and slightly higher average selling prices.

Revenue from the growing UV cured release film segment jumped 558.8% to RMB21.7 million as the group ramped up the utilisation rate of its UV cured release film production line from 16.0% in 2QFY09 to 44.9% in 2QFY10.

Adhesive tapes grew 50.4% to RMB27.5 million, while the release papers segment registered a 23.4% increase in sales to RMB13.9 million for the same period.