The net profit was mainly contributed by its investments. The company realized an investment income of RMB 34.93 million in Beijing McDonald’s Food Co, in which Beijing Sanyuan holds a 50%, according the interim report.

The company’s operating revenue in the first six months was RMB 1.13 billion, up 73.24% year on year.

Beijing Sanyuan, which has a nearly 40% market share in the Beijing liquid milk market, earlier reported that its net profit attributable to shareholders was RMB 40.76 million, up 87.22% from the previous year, according to an earlier report from China Knowledge.

In early March, the company won the bid for the core assets of bankrupt Sanlu Group, the company at the center of the milk scandal last year. The acquisition has helped it expand outside the Beijing market.

 However, the situation is turning around in the second half of 2009 with higher milk prices and less excess dairy products.The latest statistics show that from January to April this year, the large-scale dairy enterprises of China produced 5,864,300 tons of dairy products, an increase of 2.67 percent.

The State Council released a new plan for China’s ailing milk industry on November 19. lastt year. Although the guidelines include provisions for financial support from the government, it also contains a fair measure of candid criticism.The Chinese government is encouraging dairy farmers to expand their businesses with subsidies. The Chinese dairy industry is expected to see a real turning point in September.After the melamine scandal, the Chinese government has taken a series of measures to regulate and standardize Chinese dairy industry to ensure that the dairy source quality is safe for processing, and that manufacturing is stringently checked for quality.

With efforts of the government and all  the people who are in dairy industry,We belive the chinese dairy must turn around.