date:May 26, 2014
w full-year 2014 profits.
First Quarter 2014 Financial Performance
For the first quarter of 2014, total revenue increased by 38.8% year-over-year to RMB625.7 million ($101.7 million) from RMB450.7 million in the same period of 2013. The increase in total revenue was mainly attributable to higher sales volumes for all of our products.
Revenue breakdown by product line is as follows:
* Revenue from edible alcohol increased by 27.4% to RMB399.4 million ($64.9 million) in the first quarter of 20