Predicting valence-arousal ratings for words and phrases is very useful for constructing affective resources for dimensional sentiment analysis. Since the existing valence-arousal resources of Chinese are mainly in word-level and there is a lack of phrase-level ones, the Dimensional Sentiment Analysis for Chinese Phrases (DSAP) task aims to predict the valence-arousal ratings for Chinese affective words and phrases automatically. In this task, we propose an approach using a densely connected LSTM network and word features to identify dimensional sentiment on valence and arousal for words and phrases jointly. We use word embedding as major feature and choose part of speech (POS) and word clusters as additional features to train the dense LSTM network. The evaluation results of our submissions (1st and 2nd in average performance) validate the effectiveness of our system to predict valence and arousal dimensions for Chinese words and phrases.