date:Oct 17, 2012
chief executive officer Youliang Wang said despite an increase of feeding expenses, they were able to lower the cost of goods sold and improved gross profit margin to 64% from 52% by leasing grassland from local government and adopting a new business model.
We believe the market for dairy products in China will grow rapidly for the long term, driven by China's economic growth, improved living quality and increased penetration of infant formula, which will in turn increase the demand for raw fr