date:May 26, 2014
m RMB36.2 million in the same period of 2013, primarily driven by higher gross profit earned.
Selling expenses increased by RMB0.1 million, or 15.8% to RMB1.2 million ($0.2 million) in the first quarter of 2014, from RMB1.1 million in the same period of 2013. Selling expenses for the first quarter 2014 accounted for 0.19% of total revenue, compared to 0.23% for the first quarter 2013.
General and administrative expenses increased by RMB0.7 million, or 7.0% to RMB10.5 million ($1.7 million) in