zhongtong’an’s sales growth was below our expectations, partly due to inventory drawdown in the sales channels during the fourth quarter.
the total revenues for products other than zhongtong’an in fiscal 2016 increased more than five times compared to fiscal 2015.
in comparison, during the fiscal year ended june 30, 2015, the company’s net income was ,818,473 and, after deducting loss attributable to the 5% minority interest in hebei aoxing, net loss attributable to shareholders of aoxing pharmaceutical was ,494,713.
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