Asymchem Laboratories (Tianjin)'s (HKG:6821, SHE:002821) attributable profit plunged 70% to 499.1 million yuan in the first half from 1.69 billion yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.
Earnings per share at the Chinese pharmaceutical company decreased 70% to 1.40 yuan from 4.65 yuan in the previous year.
Revenue declined 42% to 2.66 billion yuan from 4.96 billion yuan a year earlier.
Shares jumped 4% in Shenzhen and 2% in Hong Kong during Thursday's afternoon trading.
Price (HKD): $40.80, Change: $+0.85, Percent Change: +2.13%
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