Pien Tze Huang is hot again!
3 One tablet per gram, one tablet per box, some shops on Taobao sell it at 950 yuan, and some shops sell it at 1351 yuan. Calculated in grams, the unit price has exceeded the current price of gold.
At the same time that online prices have skyrocketed, the Pien Tze Huang tablets sold in experience stores around the world were sold out and were out of stock. The restricted sale has caused concern. On June 24, at the Beijing Galaxy SOHO Experience Store, the price of Pien Tze Huang was still 590 yuan per tablet, but it was sold in limited quantities every day, and each person could only buy 2 tablets on that day.
What is Pien Tze Huang? Why is it so expensive to become the focus of discussion.
According to the data, in December 1999, Pien Tze Huang was restructured from the original Zhangzhou pharmaceutical factory established in 1956. In June 2003, it was listed and traded on the Shanghai Stock Exchange, and its business focused on the production and sales of proprietary Chinese medicines mainly in Pien Tze Huang.
and Yunnan Baiyao Similarly, the prescription and technology for producing Pien Tze Huang have been listed as top secret by the State Administration of Traditional Chinese Medicine and the State Secrecy Bureau . Pien Tze Huang is also one of the first Chinese medicines to be protected by the state.
In recent decades, Pien Tze Huang’s reputation has also been established overseas. In 2003, Pien Tze Huang stated that the company has formed a high reputation and market share in domestic and overseas markets,”for Hong Kong, Macao and Taiwan, Southeast Asia, North America and Australia’s overseas sales account for about half of the company’s total sales,”Pien Tze Huang” From 1988 to 2003, the average annual foreign exchange earnings from exports exceeded 10 million U.S. dollars, ranking the country for many consecutive years.Chinese patent medicine Individual products are in the forefront of earning foreign exchange through export.
Pien Tze Huang’s The stock price also continued to rise. As of the close of June 23, the closing price of Pien Tze Huang was 428 yuan per share, corresponding to a total market value of 258.4 billion yuan. The previous June 24, 2020 At the close of the day, Pien Tze Huang’s closing price was 167 yuan per share, with a total market value of 99.7 billion yuan. In one year, the total market value of Pien Tze Huang increased by 158.7 billion yuan.
Generally, offline stocks are out of stock to prevent scalping and reservation is required
The online price has risen to nearly 1,000 yuan per tablet
“It’s out of stock today. If you want to buy it, you can book by phone”.
6 On the 24th, the Pien Tze Huang experience center flagship store of Galaxy SOHO in Chaoyangmen, Beijing, the Pien Tze Huang film was sold out. . The staff told reporters that the current Pien Tze Huang tablets in the store are 590 yuan each. Consumers need to make a reservation by phone before buying, and they will not be available until the 26th. I’m not sure if I can buy a few tablets of Pien Tze Huang at that time,”I can only say that you will not lose money when you have booked by phone” and”see the specific needs of the goods.”
A staff member of a Pien Tze Huang Experience Hall in Hangzhou told reporters that the goods are currently in short supply, and they may be available at the end of June or early July. It is not open to new customers, but only to members and old customers. The person said that each store has different quantities. Stores with large quantities need to bring prescriptions to buy. Those with small quantities do not require prescriptions, but are only open to regular customers. If the volume of goods is large, it may be opened to new customers in the future,”but looking at the July index, it is impossible to open.”
The reporter then asked about Shanghai a Pien Tze Huang experience center, the other party said that he is a seven-year-old store, currently out of stock, there may be next month, but only for members and regular customers.”If it is in stock, there are patients who are in urgent need of treatment, and if there is a prescription, you can take care of selling one or two.”
As for why it is out of stock, the staff of this Shanghai experience center said that this medicine was not bought by many people before. A month ago, suddenly there was Scalper began to buy in large quantities, and the store was reluctant to restrict purchases, which was only open to members and regular customers . The official said,”There has never been a price increase, and the increase is all scalpers.”
At 11 a.m. on June 24th, when the reporter inquired at the Pien Tze Huang store on a certain platform, it showed that it was in stock, and the price was 958 One yuan per tablet, and by 11:43, the shop indicated that it was out of stock. The store customer service said that it will be off the shelves for a few days due to lack of stock, and when it will be available again, the specific time is to be determined.
The reporter saw in another online pharmacy that one tablet of Pien Tze Huang is priced at RMB 958 and two tablets The gift box is priced at 2016 yuan, the 4-pack is 3932 yuan, and the 10-box is 9680 yuan.
In an online pharmacy, the price of Pien Tze Huang reached 1,351.11 yuan per capsule, and the unit price is 450.37 yuan per gram. /Gram, far more than June 24 Shanghai Gold Exchange Shanghai gold price 370.35 yuan/gram .
On other online drug platforms, there is also a 1-capsule of Pien Tze Huang that shows the price of 850 yuan, but it says”Product At present, the supply is tight”,”the goods are sold out”.
In the comments of some drug shopping platforms, consumers are also constantly complaining about “prices are becoming less and less close to the people”,”Much more expensive than last time.”
16 price adjustments since 2005
So, what is Pien Tze Huang? According to the introduction, Pien Tze Huang is mainly composed of bezoar, musk, panax notoginseng, Snake gall. The drug is adapted to the symptoms of clearing heat and detoxification, cooling blood and removing stasis, reducing swelling and pain. It is used for acute chronic viral hepatitis, carbuncle and furuncle, bruises and various inflammation caused by febrile blood stasis.class="candidate-entity-word" data-gid="2804441" qid="6595533761901761800"> span>. It is also called”antibiotic in Chinese medicine” by many people.
Pien Tze Huang’s effect on Pien Tze Huang related products
It is worth noting What’s more, Pien Tze Huang has been raising prices continuously over the past ten years. According to statistics from Shell Finance and Economics, only since March 2005, Pien Tze Huang has publicly released the announcementon adjusting the price of Pien Tze Huang tablets. > There are 17 copies, involving 16 price adjustments.
The most recent January 2020, Pien Tze Huang announced that , In view of the increase in the main raw materials and labor costs of Pien Tze Huang products, the company has decided to start the company’s leading product Pien Tze Huang tablets from the date of announcement.The domestic market retail price will increase from 530 yuan/tablet to 590 yuan/tablet, and the supply price will increase by about 40 yuan/tablet; the overseas market supply price will correspondingly increase by about 5.80 US dollars/tablet.
Pen Tze Huang price adjustment announcement in 2020
According to reports, at the beginning of Pien Tze Huang’s launch in 2003, the average price per tablet was about 102.76 yuan.
As early as February 2005, Pien Tze Huang issued an announcement stating that it decided to increase its leading products from March 1. The domestic ex-factory price of Pien Tze Huang is increased by 5 yuan per grain. At that time, Pien Tze Huang told the media that the company intends to adjust prices in small steps in the next two or three years. The sales price of Pien Tze Huang in the domestic and international markets.”
In September 2005, Pien Tze Huang raised prices again, leading the domestic product Pien Tze Huang The sales ex-factory price will be increased by 10 yuan per pill, and the export CIF price of Pien Tze Huang will be increased by 1 U.S. dollar per pill. In the following period, Pien Tze Huang increased prices more frequently. In 2007, Pien Tze Huang issued an announcement and decided to increase the domestic sales ex-factory price of its leading product Pien Tze Huang by 10 yuan per tablet from March.”If the sales volume remains unchanged, this move will contribute 2.6 million yuan in net profit to the company.” Pien Tze Huang emphasized in the announcement,”In the future, product prices will be adjusted accordingly based on the prices of main raw materials.”
It is worth mentioning that at that time, some people compared the price increase of Pien Tze Huang with the price increase of Kweichow Moutai. The price of Kweichow Moutai was 8 yuan in the 1970s. /Bottle, at that time, the price of Pien Tze Huang was over 10 yuan per capsule. In 2007, the market price of Kweichow Moutai was more than 400 yuan, and the price of Pien Tze Huang was 150 yuan per piece after the price increase. At that time, there was a view that Pien Tze Huang still had a lot of room for price increases.
In November 2007, Pien Tze Huang issued a price increase announcement again stating that the cost of the main raw materials of Pien Tze Huang products has risen and is subject to quota use, etc. The reason is that the company decided to increase the domestic sales ex-factory price of its leading product Pien Tze Huang by RMB 30 per grain from the date of the announcement, that is, from the original 150 yuan per grain to 180 yuan per grain, and the annual profit is expected to increase by about 10%.
In November 2012, the domestic price of Pien Tze Huang increased again. In January 2014, the price of Pien Tze Huang tablets increased by 7%. On June 29, 2016, Pien Tze Huang announced the domestic price adjustment of its leading product, Pien Tze Huang, and the market retail price was adjusted up from 460 yuan/tablet to 500 yuan/tablet.
“Liver disease medication” gross profit margin exceeds 80%
In recent years Growth rate /span>Go down
Pien Tze Huang stated that the reason for the continuous price increase is basically the price of raw materials And rising labor costs. The reporter noticed that in the Pien Tze Huang series of products in 2002, the material cost accounted for 74%of the total cost. Labor costs accounted for 5.25%of total costs.
Pien Tze Huang said that the main raw material of Pien Tze Huang tablets is managed very strictly. All finished medicines implement a special identification system for the management and utilization of wild animals in China. In July 2005, the state also explicitly required that other proprietary Chinese medicines not listed in Announcement No. 3 should not use natural musk, and use the same amount of Artificial musk.
As a drug in the catalog, Pien Tze Huang stated that it has been using natural musk.
On June 24, 2021, the staff of the flagship store of Pien Tze Huang Beijing Experience Hall told the Shell Finance reporter that Pien Tze Huang Pian The bezoar and musk are all natural ingredients.”The supply is relatively tight now, because these are all natural things and there are not so many things.”
It is worth mentioning that the gross profit margin of Pien Tze Huang film also remains high. In 2003, among Pien Tze Huang’s products, the Pien Tze Huang series of products operating income was 182 million yuan, with a gross profit margin of over 72%.
In the 2020 annual report, Pien Tze Huang no longer clearly writes”Pien Tze Huang series products”Profit, but converted to”liver disease medication” revenue was 2.5 billion yuan, and the gross profit margin was 81.95%.
In addition, Pien Tze Huang’s operating income and profits have increased in recent years, but the growth rate has decreased significantly. From 2017 to 2020, Pien Tze Huang’s operating income was 3.714 billion yuan, 4.766 billion yuan, 5.722 billion yuan, and 6.511 billion yuan, respectively. Year-on-year growth 61%, 28.33%, 20%, 13%.
From 2017 to 2020, Pien Tze Huang’s net profit attributable to shareholders of the parent company will be 800 million yuan and 1.143 billion yuan respectively , 1.374 billion yuan, 1.672 billion yuan, an increase of 50%, 41%, 20%, and 21%respectively year-on-year. During the same period, Pien Tze Huang’s sales gross profit margin was 43.26%, 42.42%, 44%, and 45%, respectively.
For the pharmaceutical company Pian Tze Huang, the company’s R&D expenses are also very low. The company’s research and development expenses from 2018 to 2020 are 100 million yuan, 119 million yuan, and 97.55 million yuan, accounting for 2.12%, 2.09%, and 1.5%of operating income, respectively.
The data show that the current controlling shareholder of Pien Tze Huang is Zhangzhou Jiulongjiang Group Co., Ltd., which was formerly known as Zhangzhou Pien Tze Huang The group is 100%owned by the local State-owned Assets Supervision and Administration Commission of Zhangzhou.
In 2003, when Pien Tze Huang went public, it stated that the Pien Tze Huang Group is a wholly state-owned enterprise. Authorized by city government, The group company is responsible for operating and managing the outbound investment of state-owned assets of its subsidiaries.”At present, the group company invests in many businesses involving Chinese patent medicines, health care products, beverage manufacturing, hotels, tourism, etc. Companies.”
At that time, Pien Tze Huang Group held 80%of Pien Tze Huang and 70%of Jianlibao Group Zhangzhou Beverage Company. The local real estate development company Lantian Development Co., Ltd. holds 49.53%of the shares. For Industrial Securities, Fujian Industrial Bank also holds shares.
In 2002, Pien Tze Huang Group achieved a net profit of 46.042 million yuan. At the end of 2002, the total assets were 600 million yuan and the net assets were 530 million yuan.
3 billion dividends since listing
The stock price rose 260%in one year, and the cosmetics company plans to go public
Pien Tze Huang’s stock price has skyrocketed after its listing, and the local Zhangzhou government has also become the biggest winner. As of the close on June 23, Pien Tze Huang had a closing price of 428 yuan per share, corresponding to a total market value of 258.4 billion yuan.
Previously, the closing price of Pien Tze Huang on June 24, 2020 was RMB 167 per share. The market value is 99.7 billion yuan. According to this calculation, Pien Tze Huang’s growth rate reached 261.7%in the past year.
Pien Tze Huang has paid dividends continuously since its listing. Statistics show that Pien Tze Huang’s cash dividends have been distributed 17 times from its listing in 2003 to the end of 2020, with a cumulative cash dividend of 2.488 billion yuan. In June 2020, Pien Tze Huang once again distributed 540 million yuan in dividends.
Pien Tze Huang Dividend Status
Pien Tze Huang also stated in the 2020 annual report,”The market value of the company’s stock has exceeded 100 billion yuan, assets Rate of return etc. Financial indicators ranked in The pharmaceutical industry is at the forefront.”
It is worth mentioning that the Pien Tze Huang cosmetics sector plans to sprint for IPO. In October 2020, Pien Tze Huang announced that the company and Pien Tze Huang cosmetics management plan to start spin-offPreparatory work for the listing of the holding subsidiary,”This plan for the spin-off and listing of the holding subsidiary will help the capital market to optimize the allocation of resources and enhance the core competitiveness of the company and Pien Tze Huang cosmetics.”
Fujian Pien Tze Huang Cosmetics Co., Ltd., a subsidiary of Pien Tze Huang, was established in 2002 , Mainly engaged in the production of hair products, skin care products, beauty retouching products, perfume cosmetics and other businesses. At present, Pien Tze Huang Cosmetics has brands such as”Pien Tze Huang” and”Queen”, and its products cover skin care products, cleaning and washing series.
On June 24, a reporter from Shell Finance and Economics saw at the Pien Tze Huang Tmall flagship store that there are more types of cosmetics sold in the store Routine, including some skin care lotions, face creams, eye creams, etc. Among them, the highest-selling Pien Tze Huang Ganoderma lucidum lotion has a price of more than 200 yuan.
Data shows that Pien Tze Huang Cosmetics Co., Ltd. The operating income in 2020 will be 430 million yuan and 610 million yuan respectively, and the net profit will be 80.9 million yuan and 114 million yuan respectively. According to the 2020 annual report of Pien Tze Huang, the gross profit margin of the company’s daily necessities and cosmetics industries is 60%.
Beijing News Shell Finance reporter Li Yunqi, intern reporter Ma Rong, editor Xu Chao proofreading