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Shandong Dong-E E-Jiao reports 47.05% surge in 2011 profit

Mar. 8, 2012 (China Knowledge) - Shandong Dong-E E-Jiao Co Ltd<000423>, a traditional Chinese medicine manufacturer and seller based in Shandong Province, announced yesterday that its net profit grew 47.05% year on year to RMB 856 million last year.

Basic earnings per share were RMB 1.31 in 2011. The company proposed a final dividend of RMB 3 per ten shares, according to its annual report.

Dong-E E-Jiao realized RMB 2.76 billion of operating revenue last year, 11.98% more than in 2010.

Revenue from E-Jiao and E-Jiao series products was RMB 2.29 billion, accounting for 84.67% the company's total. Gross profit margin at the E-Jiao business was 70.83%.

On Jan. 19, 2012, the company raised the retail prices for its E-Jiao and E-Jiao series products by 10%, after several price hikes since 2010.

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