Jiangsu Eastern Shenghong (SHE:000301) expects its net profit attributable to shareholders in the first half to surge by between 987% and 1,195% year on year to a range of between 4.20 billion yuan and 5 billion yuan, according to a Shenzhen bourse filing on Saturday.

The chemical producer's shares jumped 10% during Monday's afternoon trade.

The attributable profit a year earlier was 386.2 million yuan.

Earnings per share is expected to be between 0.64 yuan and 0.76 yuan, compared to 0.06 yuan a year earlier.