An Xian Yuan China Holdings Limited (00922, HK) was the first mainland funeral service company listed on the Hong Kong Stock Exchange. The company's project management headquarters is located in Hangzhou. The group has a series of companies and service products such as cemeteries, ceremonial services, and funeral supplies sales. An Xianyuan China relies on branches in Beijing, Hangzhou, Shanghai, and Hong Kong. The operating framework has been initially formed, and plans to continue to expand within the next two years, covering East China, South China, and North China, as well as regions with marked economic development and population aging trends, forming a large-scale strategic investment layout. An Xianyuan China recently released financial report shows that in the 12 months ended March 31, 2014, An Xianyuan China achieved revenue of HK$0.157 billion and gross profit of HK$62.634 million; gross margin remained at a high level of around 35%. During the 2013-2014 fiscal year, the Group made a series of strategic adjustments to its business operations, and successfully achieved the overall profit target set by the Group in early 2013.
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