China Sunsine Chemical's (SGX:QES) first-quarter net profit rose 27% year over year to 108 million yuan, according to a filing with the Singapore Exchange on Wednesday.

Sales revenue slid 1% to 839 million yuan from 851 million yuan a year earlier due to a decline in the average selling price.

Gross profit margin rose by 0.7 percentage points to 24.1% due to lower raw material costs.

The specialty rubber chemicals producer sold 53,092 tons of products in the January to March period, a 1% increase from a year prior.