(Yicai Global) Sept. 1-- Jinzhou New China Dragon Molybdenum Co. [SHA:603399] increased its revenue and net profit by over 50 percent and 200 percent in the first half, thanks to sound performance in its main business.

Its revenue has risen 54 percent per year to USD157 million (CNY1 billion) and net profit increased 229 percent annually to CNY61 million.

The company's main businesses are molybdenum products and film and television. Its faster revenue growth came from a sharp rise in sales of molybdenum products in the first half with greatly-increased prices, and its revenue from film and television products also grew.

New China Dragon has started to expand into the pan-entertainment industry chain since last year and is actively exploring investment opportunities in the film and game industries that will chart its future development course, said a company executive, as cs.com.cn reported.