LB Group's (SHE:002601) net profit attributable to shareholders in the first half dropped 20% to 1.39 billion yuan from 1.72 billion yuan a year earlier, according to a Shenzhen bourse disclosure on Tuesday.

Earnings per share fell 19% year on year to 0.58 yuan from 0.72 yuan.

The chemical producer's operating revenue slipped 3.3% to 13.3 billion yuan from 13.8 billion yuan in the preceding year.

The company's shares slipped 1% during the afternoon trade.