date:Mar 27, 2014
martEstimate.
The company's gross profit margin rose 1.2 percentage points from a year ago to 26.1 percent in 2013 as it added higher margin goods to its product portfolio. Chief financial officer Wu Wennan expects to see its gross profit margin increase at least 0.5 percentage point this year.
The company has benefited from closer government scrutiny of China's dairy industry, designed to boost consumer confidence after a series of food safety scares. Bejing has set higher entry barriers for