Date
23 August 2017

Dong-E E-Jiao eyes 6 bln yuan sales by 2015, paper says

Chinese medicine maker Shandong Dong-E E-Jiao Co. Ltd. (000423.CN) expects sales to hit 6 billion yuan (US$991.9 million) by 2015, National Business Daily reported Monday, citing the company. Since 2006, it has raised its retail prices more than tenfold to 1,306 yuan per 500 grams. However, it said the negative impact of the price increase could be compensated by higher demand. The rising cost of donkey skin, the main ingredient of its flagship medicine for a variety of female illnesses, have eaten into product prices, the report said

– Contact HKEJ digest@ejinsight.com

TL/AC/RA

 

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