Textiles producer Vitop Bioenergy Holdings plans to list on the Growth Enterprise Market early next month. The company, which makes pillows and undergarments, claims to have invented a compound, dubbed Bioenergy, that can be used to make healthy sleeping systems. It claims to have obtained 10-year patents on the compound and pillows it makes. The company's factory has capacity to make 73 tonnes of the product a year, of which only 5.5 tonnes is used at present. Managing director Kam Ioi said the pillow business accounted for about 70 per cent of turnover, while the rest came from undergarments and a newly developed food supplement business. The latter comprises the sale of nucleic acid tablets and albumin polypeptide capsules, which Mr Ioi said can bolster the immune system. The company sells its products through a franchising system, which covers 174 cities and 332 sales counters in China. The pillows retail for about 500 yuan (HK$468) to more than 700 yuan, while a complete sleeping system costs more than 7,000 yuan. When asked whether the price range was affordable for the average mainland consumer, Mr Ioi said Vitop targets high-income earners. He said the company made a net profit of HK$24.7 million in the year to June 30 last year, compared with HK$14.1 million in 2000, and a net loss of about HK$4 million in the year to June 30, 1999. Turnover was more than HK$80 million in the year to June 30 last year, up from HK$62 million in 2000 and HK$42 million in the year to June 30, 1999.