On December 20, Dongeejiao Co., Ltd. (hereinafter referred to as "Dongeejiao") announced that, in order to promote the sustainable development of the industry of Dongeejiao, combined with the company's investment and market supply and demand situation, after research and decision, since the date of the announcement, the company's key product, Dongeejiao, has increased its ex-factory price by 6%.
The announcement content shows that in the short term, the impact of product price adjustment on the performance of Dongeejiao is difficult to predict. At the same time, Dongeejiao further stated in the announcement that, as the leader of the industry, the company is committed to the construction of the whole industry chain, focusing on upgrading production technology standards and consumer services, continuously improving the digital and intelligent investment in scientific research and development and production equipment, and improving product quality and efficiency.
Donkey skin tension is the reason why the company's key products’ price are increased, Qin Yufeng, president of Dongeejiao, said in an interview with the media. Qin Yufeng said that the stock of donkey skin in China has been declining continuously. On the other hand, the detection of false Ejiao has blocked all the loopholes. Before that, horse skin and mule skin could not be detected. Now the detection has been solved, and the final procedure is under way, which means that donkey skin will be more tense. At the same time, many countries have issued prohibition orders, leading to a reduction in the import of donkey skins from abroad.
According to the data, Dongeejiao is mainly engaged in the R&D, production and sales of Ejiao and Ejiao series products. It is a large Ejiao enterprise in China and a standard maker of Ejiao industry. The company's main products are Ejiao, compound Ejiao and Ejiao cake. As of September 30, 2018, Dongeejiao had realized revenue of 4.384 billion yuan and net profit of 1.225 billion yuan.
