date:May 26, 2014
s profit increased by 92.1% to RMB90.5 million ($14.7 million) from RMB47.1 million in the same period of 2013. Gross margin for the first quarter of 2014 increased to 14.5%, from 10.4% in the same period of 2013, which was primarily attributable to the recovered market demand, as well as the Company's continued efforts in optimizing its sourcing capability to stabilize the corn cost.
Income from operations increased by 117.4% to RMB78.8 million ($12.8 million) in the first quarter of 2014, fro