Zangge Mining's (SHE:000408) net profit attributable to shareholders for the first half soared 102% to 3.64 billion yuan from 1.80 billion yuan in the previous year, according to a Tuesday disclosure on the Shenzhen bourse.

Earnings per share rose year on year to 2.32 yuan from 1.15 yuan.

Operating revenue jumped 23% to 2.06 billion yuan from 1.68 billion yuan in the previous year.

The Chinese mining company proposed to distribute a cash dividend of 10 yuan for every 10 shares, with the total cash dividend amounting to 1.56 billion yuan.

The company's shares dropped 4% during the morning shift.