Buy Or Sell Opportunity • 8h
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to CN¥15.59. The fair value is estimated to be CN¥12.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 50% in a year. Earnings are forecast to grow by 81% in the next year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Pharmaceuticals industry in China. Total returns to shareholders of 17% over the past three years. Announcement • Apr 20
Zhejiang Garden Biopharmaceutical Co.,Ltd., Annual General Meeting, May 08, 2026 Zhejiang Garden Biopharmaceutical Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: Meeting Room 1, Huayuan Building, Huayuan Village, Nanma Town, Dongyang, Zhejiang China Reported Earnings • Apr 20
First quarter 2026 earnings released: EPS: CN¥0.09 (vs CN¥0.18 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.09 (down from CN¥0.18 in 1Q 2025). Revenue: CN¥276.9m (down 15% from 1Q 2025). Net income: CN¥50.3m (down 48% from 1Q 2025). Profit margin: 18% (down from 30% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Q1, 2026 Results on Apr 18, 2026 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.43, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Pharmaceuticals industry in China. Total loss to shareholders of 3.0% over the past three years. Price Target Changed • Jan 28
Price target increased by 47% to CN¥22.00 Up from CN¥15.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥17.71. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.57 last year. Announcement • Dec 31
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 19
Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.19 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.13 (down from CN¥0.19 in 3Q 2024). Revenue: CN¥300.3m (down 11% from 3Q 2024). Net income: CN¥72.5m (down 27% from 3Q 2024). Profit margin: 24% (down from 29% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Announcement • Sep 30
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Q3, 2025 Results on Oct 18, 2025 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.091 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.091 in 2Q 2024). Revenue: CN¥309.0m (up 14% from 2Q 2024). Net income: CN¥65.0m (up 28% from 2Q 2024). Profit margin: 21% (up from 19% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.95, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Pharmaceuticals industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.77 per share. Announcement • Apr 17
Zhejiang Garden Biopharmaceutical Co.,Ltd. Approves Cash Dividend for the Year 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd. held its Annual General Meeting of 2024 on 15 April 2025, during which the following proposal(s) was/were approved:
The detailed profit distribution plan is as follows: Cash dividend/10 shares (tax included): CNY 1.14000000. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CN¥12.07. The fair value is estimated to be CN¥15.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 30%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 96% in the next 2 years. Announcement • Mar 31
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Mar 26
Zhejiang Garden Biopharmaceutical Co.,Ltd. Proposes Final Dividend for the Year 2024 On March 25, 2025, Zhejiang Garden Biopharmaceutical Co.,Ltd. announced final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.14000000. Reported Earnings • Mar 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.57 (up from CN¥0.35 in FY 2023). Revenue: CN¥1.24b (up 14% from FY 2023). Net income: CN¥309.2m (up 61% from FY 2023). Profit margin: 25% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Mar 25
Zhejiang Garden Biopharmaceutical Co.,Ltd., Annual General Meeting, Apr 15, 2025 Zhejiang Garden Biopharmaceutical Co.,Ltd., Annual General Meeting, Apr 15, 2025, at 14:30 China Standard Time. Location: Meeting Room 1, Huayuan Building, Huayuan Village, Nanma Town, Dongyang, Zhejiang China Announcement • Dec 31
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 25, 2025 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.059 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.059 in 3Q 2023). Revenue: CN¥337.4m (up 40% from 3Q 2023). Net income: CN¥99.4m (up 213% from 3Q 2023). Profit margin: 29% (up from 13% in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥14.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Pharmaceuticals industry in China. Total loss to shareholders of 1.6% over the past three years. Announcement • Sep 30
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥15.68, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Pharmaceuticals industry in China. Total returns to shareholders of 8.3% over the past three years. New Risk • Sep 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.091 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥269.9m (down 21% from 2Q 2023). Net income: CN¥50.6m (down 23% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.79, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Pharmaceuticals industry in China. Total returns to shareholders of 29% over the past three years. Announcement • Jun 29
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Pharmaceuticals industry in China. Total returns to shareholders of 17% over the past three years. Declared Dividend • May 11
Dividend reduced to CN¥0.071 Dividend of CN¥0.071 is 49% lower than last year. Ex-date: 15th May 2024 Payment date: 15th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.9% EPS decline seen over the last 5 years. Announcement • May 11
Zhejiang Garden Biopharmaceutical Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 15 May 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced final cash dividend of CNY 0.71 per 10 shares (tax included) on A shares for the year 2023. Record date is 14 May 2024, Ex-date is 15 May 2024 and Payment date is 15 May 2024. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 33x in the Pharmaceuticals industry in China. Total returns to shareholders of 2.5% over the past three years. Announcement • Apr 16
Zhejiang Garden Biopharmaceutical Co.,Ltd., Annual General Meeting, May 06, 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd., Annual General Meeting, May 06, 2024, at 14:30 China Standard Time. Location: Meeting Room 1, Huayuan Building, Huayuan Village, Nanma Town, Dongyang, Zhejiang China Announcement • Mar 30
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Q1, 2024 Results on Apr 16, 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report Q1, 2024 results on Apr 16, 2024 Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (down from CN¥0.70 in FY 2022). Revenue: CN¥1.09b (down 23% from FY 2022). Net income: CN¥192.0m (down 50% from FY 2022). Profit margin: 18% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Zhejiang Garden Biopharmaceutical Co.,Ltd. Announces Board Appointments Zhejiang Garden Biopharmaceutical Co.,Ltd. held its 1st Extraordinary General Meeting of 2024 on 22 February 2024, during were approved Wei Zhonglan, non-independent director, Fang Fusheng, non-independent director, Yang Qiwei, independent director and Li Guowei, independent director. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.52, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 25x in the Pharmaceuticals industry in China. Total loss to shareholders of 35% over the past three years. Announcement • Dec 30
Zhejiang Garden Biopharmaceutical Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Zhejiang Garden Biopharmaceutical Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.059 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥241.0m (down 13% from 3Q 2022). Net income: CN¥31.7m (down 44% from 3Q 2022). Profit margin: 13% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Announcement • Aug 23
Zhejiang Garden Biopharmaceutical Co.,Ltd. (SZSE:300401) announces an Equity Buyback for CNY 200 million worth of its shares. Zhejiang Garden Biopharmaceutical Co.,Ltd. (SZSE:300401) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The program will be valid till 6 months. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.27 in 2Q 2022). Revenue: CN¥339.6m (down 18% from 2Q 2022). Net income: CN¥65.3m (down 55% from 2Q 2022). Profit margin: 19% (down from 35% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 19
Zhejiang Garden Bio-Chemical High-Tech Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 24, 2023 Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.40000000 on A shares for the year 2022. Record date is May 23, 2023. Ex-date is May 24, 2023. Payment date is May 24, 2023. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.70 (vs CN¥0.89 in FY 2021) Full year 2022 results: EPS: CN¥0.70 (down from CN¥0.89 in FY 2021). Revenue: CN¥1.42b (up 27% from FY 2021). Net income: CN¥383.7m (down 21% from FY 2021). Profit margin: 27% (down from 43% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced a financing transaction Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced private placement of convertible bonds on February 14, 2023. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Yiping Shao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.077 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.077 in 3Q 2021). Revenue: CN¥277.7m (up 162% from 3Q 2021). Net income: CN¥56.8m (up 39% from 3Q 2021). Profit margin: 20% (down from 38% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.26 in 2Q 2021). Revenue: CN¥414.0m (up 117% from 2Q 2021). Net income: CN¥145.9m (up 1.2% from 2Q 2021). Profit margin: 35% (down from 76% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 23% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥17.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Pharmaceuticals industry in China. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥17.09, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Pharmaceuticals industry in China. Total loss to shareholders of 12% over the past three years. Announcement • May 13
Zhejiang Garden Bio-chemical High-tech Co., Ltd. Announces 2021 Final Cash Profit Distribution Plan on A Shares, Payable on 18 May 2022 Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced 2021 final profit distribution plan on A shares. Cash dividend/10 shares (tax included) is CNY 1.88000000. Net cash dividend/10 shares after tax is CNY 1.69200000 (CNY 1.88000000- CNY 0.18800000). Record date is 17 May 2022. Ex-date is 18 May 2022. Payment date is 18 May 2022. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Deputy General Manager & Non-Independent Director Guoping Qian was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Zhejiang Garden Bio-Chemical High-Tech Co., Ltd. Approves Final Cash Dividend for the Year 2021 Zhejiang Garden Bio-chemical High-tech Co., Ltd. approved final cash dividend of CNY 1.8800000 per 10 shares (tax included) for the year 2021, at the AGM held on April 19, 2022. Announcement • Apr 02
Zhejiang Garden Bio-chemical High-tech Co., Ltd., Annual General Meeting, Apr 19, 2022 Zhejiang Garden Bio-chemical High-tech Co., Ltd., Annual General Meeting, Apr 19, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider reappointment of 2022 audit firm; to consider 2022 estimated connected transactions; to consider change of the company's some articles of association; and to consider other matters. Announcement • Mar 31
Zhejiang Garden Bio-Chemical High-Tech Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Zhejiang Garden Bio-chemical High-tech Co., Ltd. proposed final cash dividend of CNY 1.88 per 10 shares (tax included) for the year 2021. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.88 (up from CN¥0.54 in FY 2020). Revenue: CN¥1.12b (up 82% from FY 2020). Net income: CN¥510.0m (up 87% from FY 2020). Profit margin: 46% (up from 44% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 75%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Over the next year, revenue is expected to shrink by 16% compared to a 24% growth forecast for the pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.077 (vs CN¥0.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥106.1m (down 27% from 3Q 2020). Net income: CN¥40.7m (down 36% from 3Q 2020). Profit margin: 38% (down from 44% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.21 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥190.7m (down 9.1% from 2Q 2020). Net income: CN¥144.2m (up 43% from 2Q 2020). Profit margin: 76% (up from 48% in 2Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 21
Zhejiang Garden Bio-Chemical High-Tech Co., Ltd. Announces 2020 Final Profit Distribution Plan, Payable on May 26, 2021 Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included) of CNY 1.03000000. Record date is 25 May 2021, Ex-date is 26 May 2021 and Payment date is 26 May 2021. Reported Earnings • Apr 17
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥159.0m (up 17% from 1Q 2020). Net income: CN¥91.4m (up 49% from 1Q 2020). Profit margin: 57% (up from 45% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 08
New 90-day low: CN¥13.16 The company is down 8.0% from its price of CN¥14.26 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is flat over the same period. Announcement • Feb 03
Zhejiang Garden Bio-Chemical High-Tech Co., Ltd. Announces Executive Appointment Zhejiang Garden Bio-chemical High-tech Co., Ltd. appointed Shao Xujun; Ma Huanzheng and Liu Jiangang as non-independent directors. Appointment of Yan Jianmiao; Shao Yiping and Jin Can as independent directors. Appointment of Ren Xiangqian and Zhu Hong as non-employee supervisors. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥15.71 The company is up 8.0% from its price of CN¥14.54 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 3.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥261.1m, down 33% from the prior year. Total revenue was CN¥630.4m over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥14.14 The company is down 4.0% from its price of CN¥14.67 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Pharmaceuticals industry, which is down 6.0% over the same period. Announcement • Sep 02
Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced that it has received CNY 909.399989 million in funding from a group of investors On July 28, 2020, Zhejiang Garden Bio-chemical High-tech Co., Ltd. (SZSE:300401) closed the transaction. The company announced that it has issued 71,719,242 shares for gross proceeds of CNY 909,399,988.56 in the transaction. The transaction included participation from Wanqu Chanrong Investment (Guangzhou) Co., Ltd. for CNY 199,999,991.60, Guosen Securities Co., Ltd., Investment Arm for CNY 24,999,989.44, Donghai Funds Management Co., Ltd. for 28,499,999.12, Hubei Hi-Tech Investment Industrial Control Investment Co., Ltd. for CNY 74,999,993.68, individual investors, Luo Wenjun for CNY 24,999,989.44 , Shu Yuqiang for CNY 29,999,992.40. Announcement • Jul 18
Zhejiang Garden Bio-chemical High-tech Co., Ltd. to Report First Half, 2020 Results on Aug 08, 2020 Zhejiang Garden Bio-chemical High-tech Co., Ltd. announced that they will report first half, 2020 results on Aug 08, 2020