What's more, Pien Tze Huang's core product is a national first-class protected Chinese medicine variety, and its traditional production skills have been selected into the national intangible cultural heritage list. Can you get such a high increase just because you are selected as a national first-class protected Chinese medicine variety? Actually, it is not. The greatness of Pien Tze Huang is that during the 22 years from 2000 to 20 1, Pien Tze Huang's revenue has maintained a positive growth every year.
Through correlation calculation, it can be concluded that the compound annual growth rate of revenue is 18.7 1%, and the compound annual growth rate of net profit is 19.3 1%. It's amazing that the performance has been growing for such a long time. For Pien Tze Huang, what is more serious is that such rapid growth has not stopped. 202 1 first quarter revenue 17.3%.
Precious medicinal materials
Among all the raw materials of Pien Tze Huang, musk is the most precious medicinal material. The purchase of musk requires the administrative permission of the national forestry department, and the purchase of approved quantity of musk and snake gall requires the administrative permission of the forestry department, which is a monopoly product to a certain extent.
There was a very popular joke before. At the dinner table, everyone first ate a little Pien Tze Huang to protect the liver, then opened Kweichow Moutai to drink, and finally posted the whole dining scene in the WeChat circle of friends. The three companies mentioned in the above scenario are all the best quality companies and can be held for life.