During the corresponding time, Yew Bio Pharm Group Inc saw a revenue deteriorated by -98.94 % year on year, sequentially revenue fell by -99.26 %. While revenue at the Yew Bio Pharm Group Inc 's corporate clients
Yew Bio Pharm Group Inc's Comment on Sales, Marketing and Customers
We sell most of our products in the Chinese domestic market. The sale of yew trees
for reforestation in Heilongjiang Province and Jilin Province is to both state-owned
enterprises and private businesses.
We sold our products to a relatively small number of customers. For the year ended
December 31, 2015, the following customers accounted for 10% or more of our consolidated
revenue:
Yew Pharmaceutical accounted for approximately 57% of our consolidated revenue
Dafurong Biotechnology (HK) Ltd., accounted for approximately 36% of our consolidated
revenue
For the year ended December 31, 2014, the following customers accounted for 10%
or more of our consolidated revenue:
Yew Pharmaceutical accounted for approximately 27% of our consolidated revenue
Shenzhen Dongfang Shangcheng Trading Co., Ltd., accounted for approximately
16% of our consolidated revenue
Yew Pharmaceutical is the manufacturer of Zi Shan and other pharmaceutical products,
and is owned, directly and indirectly, primarily by Zhiguo Wang and Guifang Qi.
The sale of furniture and handicrafts from our cultivated yew trees, as well as
the sale of potted yew trees for display in homes and offices, is to the Chinese
domestic market. We exhibit and warehouse potted yew trees, handicrafts and furniture
at a facility located in Harbin.
Retail prices for potted yew trees are high by Chinese standards, but have remained
stable. We provide the potted yew trees that we sell, from our nurseries. The
supply of ceramic pots that we purchase from third-parties suppliers that we use
to transplant cultivated yew trees is good and prices are stable.
The sale of handicrafts is not seasonal. In December 2012, we closed our store
in Harbin. Until December 2014, our headquarter warehouse in Harbin maintained
inventory of a range of handicrafts and furniture, for sale and can also take
orders for products custom-made to the specifications of our customers. We currently
use this facility to exhibit and warehouse our products. Prices and delivery time
for custom pieces vary depending upon the item and time of year, since our artisans
work primarily during the warmer months from April to September.
Zi Shan is marketed and sold exclusively through Yew Pharmaceutical, under the
Development Agreement. Yew Pharmaceutical is also our major purchaser of yew raw
material used in the production of TCM. Yew Pharmaceutical is owned directly and
indirectly primarily by Mr. Wang and Madame Qi.
Other TCM that is produced by manufacturers who buy yew raw material from us is
marketed and sold by them to third party users, including hospitals.
Yew Bio Pharm Group Inc’s Comment on Sales, Marketing and Customers
We sell most of our products in the Chinese domestic market. The sale of yew trees
for reforestation in Heilongjiang Province and Jilin Province is to both state-owned
enterprises and private businesses.
We sold our products to a relatively small number of customers. For the year ended
December 31, 2015, the following customers accounted for 10% or more of our consolidated
revenue:
Yew Pharmaceutical accounted for approximately 57% of our consolidated revenue
Dafurong Biotechnology (HK) Ltd., accounted for approximately 36% of our consolidated
revenue
For the year ended December 31, 2014, the following customers accounted for 10%
or more of our consolidated revenue:
Yew Pharmaceutical accounted for approximately 27% of our consolidated revenue
Shenzhen Dongfang Shangcheng Trading Co., Ltd., accounted for approximately
16% of our consolidated revenue
Yew Pharmaceutical is the manufacturer of Zi Shan and other pharmaceutical products,
and is owned, directly and indirectly, primarily by Zhiguo Wang and Guifang Qi.
The sale of furniture and handicrafts from our cultivated yew trees, as well as
the sale of potted yew trees for display in homes and offices, is to the Chinese
domestic market. We exhibit and warehouse potted yew trees, handicrafts and furniture
at a facility located in Harbin.
Retail prices for potted yew trees are high by Chinese standards, but have remained
stable. We provide the potted yew trees that we sell, from our nurseries. The
supply of ceramic pots that we purchase from third-parties suppliers that we use
to transplant cultivated yew trees is good and prices are stable.
The sale of handicrafts is not seasonal. In December 2012, we closed our store
in Harbin. Until December 2014, our headquarter warehouse in Harbin maintained
inventory of a range of handicrafts and furniture, for sale and can also take
orders for products custom-made to the specifications of our customers. We currently
use this facility to exhibit and warehouse our products. Prices and delivery time
for custom pieces vary depending upon the item and time of year, since our artisans
work primarily during the warmer months from April to September.
Zi Shan is marketed and sold exclusively through Yew Pharmaceutical, under the
Development Agreement. Yew Pharmaceutical is also our major purchaser of yew raw
material used in the production of TCM. Yew Pharmaceutical is owned directly and
indirectly primarily by Mr. Wang and Madame Qi.
Other TCM that is produced by manufacturers who buy yew raw material from us is
marketed and sold by them to third party users, including hospitals.
Sources:
Yew Bio pharm Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Yew Bio pharm Group Inc’s corporate clients.
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