The growth is mainly due to the increase in operating profit caused by the increase in sales of the company’s core products Pientzehuang series products and Pientzehuang brand Angong Niuhuang Pills.
On the evening of July 13, Zhangzhou Pientzehuang Pharmaceutical Co., Ltd (hereinafter referred to as “Pientzehuang”) released an announcement on the 2023 Half-Yearly Results Express.
In the first half of this year, the total operating income of the company is 5.045 billion yuan (706.5 million), up 14.08% year-on-year, mainly due to the increase in sales income of the company, controlling subsidiary Xiamen Pientzehuang Hongren Pharmaceutical Company Limited (consolidated), controlling subsidiary Fujian Pientzehuang Health Food Company Limited and controlling subsidiary Longhui Pharmaceutical Company Limited to strengthen market planning and expand sales channels.
(Credit: from Pientzehuang Official)
The operating profit of the Company increases by 16.08% year-on-year to 1.855 billion yuan ($259.8 million). The total profit is 1.854 billion yuan ($259.6 million), up 16.02% year-on-year. The net profit attributable to shareholders of the listed company increases by 16.43% year-on-year to 1.53 billion yuan ($214.3 million). The net profit attributable to shareholders of the listed company after deduction of non-recurring gains and losses increases by 18.82% year-on-year and basic earnings per share increases by 16.51% year-on-year.
The aforesaid growth is mainly attributable to the increase in operating profit due to the increase in sales of the core products of Pientzehuang series products and Pientzehuang brand Angong Niuhuang Pills.
Public information shows that the cosmetic business of Pientzehuang includes several brands such as “Pientzehuang” and “Empress”, among which the “Queen” brand has launched a high-end upgrade of the brand to create a light luxury herbal skincare brand. Among them, “Queen” has initiated a high-end upgrade of its brand to create a light luxury herbal skincare brand. In addition, its daily chemical business also includes Zhangzhou Pientzehuang Shanghai Jahwa Oral Care Co., Ltd, a holding subsidiary of the company, covering the categories of toothpaste and mouthwash.
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