NEW YORK, Aug. 19, 2013 /PRNewswire/ -- S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on Yew Bio-Pharm Group.
Yew Bio-Pharm Group, Inc. (YEWB), through its operating entity, Harbin Yew Science and Technology Development Co., Ltd., grows and sells yew trees, sells yew raw materials used in the manufacture of traditional Chinese medicine (TCM), and makes and sells products made from yew timber in China. Raw material from the species of yew tree that the company grows contains taxol, and TCM containing taxol has been approved as a traditional Chinese medicine in China for secondary treatment of certain cancers. Products made from yew trees include potted yew trees for display in homes and offices, and handicrafts.
The company uses a patented, accelerated growth technology to speed the growth and maturity and commercialization of yew trees and believes that it is one of the few companies possessing a permit to sell them.
The company operates in three reportable business segments: the TCM raw materials segment, consisting of the production and sale of yew raw materials used in the manufacture of TCM; the yew tree segment, consisting of the growth and sale of yew tree seedlings and mature trees, including potted miniature yew trees; and the handicrafts segment, consisting of the manufacture and sale of furniture and handicrafts made of yew timber. All of the company's operations are conducted in the People's Republic of China.
During the three months ended June 30, 2013, Yew Bio-Pharm sold approximately 7,880 kg (17,336 lb) of TCM raw materials as compared to approximately 7,050 kg (15,510 lb) of TCM raw materials in the three months ended June 30, 2012. During the six months ended June 30, 2013, Yew Bio-Pharm sold approximately 13,207 kg (29,066 lb) of TCM raw materials as compared to approximately 11,400 kg (25,080 lb) of TCM raw materials in the six months ended June 30, 2012. During the three months ended June 30, 2013, Yew Bio-Pharm sold approximately 38,000 pieces of yew seedlings and trees as compared to approximately 88,000 pieces of yew seedlings and trees in the three months ended June 30, 2012. During the six months ended June 30, 2013, Yew Bio-Pharm sold approximately 218,000 pieces of yew seedlings and trees as compared to approximately 180,000 pieces of yew seedlings and trees in the six months ended June 30, 2012.
Yew Bio-Pharm sells yew trees primarily to state-owned enterprises and private businesses for reforestation in Heilongjiang Province and Jilin Province, in Northeast China.
Standard & Poor's Factual Stock Report coverage on Yew Bio-Pharm Group will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit http://www.yewchina.com for additional information.
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