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1. Beijing Tongrentang, a renowned traditional Chinese medicine maker, earned 240 million yuan, roughly 40 million U.S. dollars, in net profits in the first quarter of this year, up 13 percent from the previous year.
The company filed its quarterly report with the Shanghai Stock Exchange. Its sales revenue surpassed 3 billion yuan, a year-on-year increase of 4 percent. Earnings per share hit almost 0.2 yuan.
By the last trading day before the May Day public holiday, its combined valuation hit 44 billion yuan.
Founded in 1669, the traditional Chinese medicine maker has opened 110 overseas branches and has more than 600 employees.
China is making plans to help traditional Chinese medicine "go global".
