News blog
Taihua
- BY: Andrew Hore |
- POSTED: 22/06/2011 |
Chinese natural medicine ingredients supplier Taihua is growing its sales thanks to a new product.
Sales in the first five months of 2011 are RMB1.6m higher at RMB13.2m. Sales of the core products were down but sales of Bian Tong Pian, a new Chinese medicine ingredient, were RMB2.4m.
Taihua has taken over the land in Shanxi province where Forsythia is grown. Taihua has to pay RMB140,000 a month for the upkeep of the plantation. The Forsythia price is currently RMB34.5/kg, which is higher than last year.
At 12.75p a share, Taihua is valued at £10.4m.
Download the June 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJune2011_21.pdf
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