Core Competency
Qizheng Tibetan Medicine: A Sustainable Development Model Drives Growth
Release time:
2010-04-23 11:03
On April 22, Qizheng Tibetan Medicine (002287) released its annual and first-quarter reports. In 2009, the company achieved double-digit growth in both revenue and profit, with revenues reaching 470 million yuan, up 13.5% year-on-year, and net profit reaching 160 million yuan, up 18.4% year-on-year. The company plans to distribute a cash dividend of 3.1 yuan for every 10 shares held. In the first quarter of 2010, the company’s revenues and net profits grew by 22.2% and 9.3%, respectively, maintaining steady growth.
The company has simultaneously released its first Social Responsibility Report for the Tibetan medicine industry. The report outlines the special social responsibilities that traditional ethnic medicine enterprises should shoulder, emphasizing the importance of cultural heritage and preservation as well as sustainable industrial development within the traditional ethnic medicine sector. The company stated that Tibetan medicine is an important representative of China’s traditional medicine, and Tibetan medicinal culture is the very soul of traditional Tibetan medicine.
It is understood that the company has established a green and sustainable social responsibility assurance mechanism, refined and extended the Tibetan medicine industrial chain, and enhanced the overall core competitiveness of the Tibetan medicine industry. On the one hand, the company has implemented a strategy for protecting medicinal herb resources at their source, creating a sustainable development model that ensures both productivity and species preservation. Currently, the company has mastered certain techniques for domesticating wild Tibetan medicinal herbs and has further developed technologies for breeding and conserving these herbs in their places of origin. On the other hand, the company has continued to follow traditional Tibetan medicine’s green production processes, leveraging technological and process innovations to promote clean production and energy conservation and emission reduction, thereby actively safeguarding biodiversity.
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