Hangzhou Zhencheng Pharmaceutical delivered sales revenue of RMB420 million (approx US$61.5 million) in 2008, up 100 percent from a year earlier. Profits before taxes increased 220 percent from a year earlier during the same period. Net profit rocketed 920 percent during the same period. The company saw a year-over-year increase of 67 percent in sales revenue for the first quarter of 2009. The significant increases in results were mainly attributable to the electronic commerce business mode.