Announcement • Jun 30
Yifan Pharmaceutical Co., Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Yifan Pharmaceutical Co., Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Announcement • May 28
Yifan Pharmaceutical Co., Ltd. (SZSE:002019) announces an Equity Buyback for CNY 120 million worth of its shares. Yifan Pharmaceutical Co., Ltd. (SZSE:002019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its A shares. The price to be paid for repurchases will not be more than CNY 17.45 per share. The repurchased shares will be cancelled and reduce registered capital. The repurchases will be funded from company's own fund or self-financing. The program is is subject to the shareholders’ approval. The program will be valid till 12 months from the Company's Shareholders’ Approval Date. Declared Dividend • May 25
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (34% 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 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Meijuan Liu was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Yifan Pharmaceutical Co., Ltd., Annual General Meeting, May 18, 2026 Yifan Pharmaceutical Co., Ltd., Annual General Meeting, May 18, 2026, at 13:30 China Standard Time. Location: 5F, Building 3, Lane 1118, Yifu Road, Jiuting Town, Songjiang District, Shanghai China Announcement • Mar 31
Yifan Pharmaceutical Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Yifan Pharmaceutical Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Yifan Pharmaceutical Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Yifan Pharmaceutical Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Announcement • Sep 30
Yifan Pharmaceutical Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Yifan Pharmaceutical Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Sep 08
Yifan Pharmaceutical Co., Ltd. Announces Board Appointments Yifan Pharmaceutical Co., Ltd. at the EGM held on September 5, 2025, the shareholders approved Zeng Yuhong and Liu Meijuan as Independent Directors. Announcement • Jul 02
Yifan Pharmaceutical Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Yifan Pharmaceutical Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • May 22
Yifan Pharmaceutical Co., Ltd. Approves Profit Distribution Plan for 2024 Yifan Pharmaceutical Co., Ltd. at its AGM held on May 2025, approved profit distribution plan for 2024. Cash dividend/10 shares (tax included): CNY1.00000000. Announcement • Apr 28
Yifan Pharmaceutical Co., Ltd., Annual General Meeting, May 20, 2025 Yifan Pharmaceutical Co., Ltd., Annual General Meeting, May 20, 2025, at 13:30 China Standard Time. Location: Meeting Room of Hefei Yifan Bio-pharmaceutical Co., Ltd., Hefei, Anhui China Announcement • Mar 31
Yifan Pharmaceutical Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Yifan Pharmaceutical Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Yifan Pharmaceutical Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Yifan Pharmaceutical Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.03 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.03 in 3Q 2023). Revenue: CN¥1.23b (up 24% from 3Q 2023). Net income: CN¥113.2m (up 196% from 3Q 2023). Profit margin: 9.2% (up from 3.9% in 3Q 2023). Revenue is forecast to grow 17% 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, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Yifan Pharmaceutical Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Yifan Pharmaceutical Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Aug 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Aug 16
Yifan Pharmaceutical Co., Ltd. Proposes Interim Dividend for the First Half of 2024 Yifan Pharmaceutical Co., Ltd. proposed interim cash dividend of CNY 1.00000000 per 10 shares (tax included) for the first half of 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.039 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.039 in 2Q 2023). Revenue: CN¥1.31b (up 30% from 2Q 2023). Net income: CN¥107.1m (up 144% from 2Q 2023). Profit margin: 8.2% (up from 4.4% in 2Q 2023). Revenue is forecast to grow 17% 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, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Yifan Pharmaceutical Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Yifan Pharmaceutical Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Reported Earnings • Apr 20
Full year 2023 earnings released: CN¥0.45 loss per share (vs CN¥0.16 profit in FY 2022) Full year 2023 results: CN¥0.45 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥4.07b (up 6.0% from FY 2022). Net loss: CN¥551.1m (down 388% from profit in FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Yifan Pharmaceutical Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Yifan Pharmaceutical Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
Yifan Pharmaceutical Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Yifan Pharmaceutical Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Nov 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 109% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.032 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.032 in 3Q 2022). Revenue: CN¥986.2m (up 2.8% from 3Q 2022). Net income: CN¥38.2m (down 11% from 3Q 2022). Profit margin: 3.9% (down from 4.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Sep 01
Yifan Pharmaceutical Co., Ltd. (SZSE:002019) announces an Equity Buyback for CNY 50 million worth of its shares. Yifan Pharmaceutical Co., Ltd. (SZSE:002019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its ordinary shares (A shares). The price to be paid for repurchases will not be more than CNY 20 per share. The repurchased shares will be used for the implementation of equity incentives or employee stock ownership plans. If the company fails to use the repurchased shares within 36 months after completion of the program, the unused share repurchases will be cancelled in accordance with the law. The repurchases will be funded from company's own fund. The program will be valid till 12 months. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.031 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.039 (up from CN¥0.031 in 2Q 2022). Revenue: CN¥1.01b (up 17% from 2Q 2022). Net income: CN¥43.9m (up 12% from 2Q 2022). Profit margin: 4.4% (down from 4.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% 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, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.23 in FY 2021) Full year 2022 results: EPS: CN¥0.16 (down from CN¥0.23 in FY 2021). Revenue: CN¥3.84b (down 13% from FY 2021). Net income: CN¥191.3m (down 31% from FY 2021). Profit margin: 5.0% (down from 6.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.069 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.032 (down from CN¥0.069 in 3Q 2021). Revenue: CN¥959.5m (down 5.9% from 3Q 2021). Net income: CN¥42.7m (down 45% from 3Q 2021). Profit margin: 4.4% (down from 7.6% in 3Q 2021). Revenue is forecast to grow 13% 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 fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.062 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.031 (down from CN¥0.062 in 2Q 2021). Revenue: CN¥863.4m (down 27% from 2Q 2021). Net income: CN¥39.3m (down 51% from 2Q 2021). Profit margin: 4.6% (down from 6.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 41%, compared to a 22% growth forecast for the Pharmaceuticals industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.11 in 1Q 2021). Revenue: CN¥905.9m (down 25% from 1Q 2021). Net income: CN¥121.3m (down 8.3% from 1Q 2021). Profit margin: 13% (up from 11% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 29%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: CN¥0.23 (vs CN¥0.80 in FY 2020) Full year 2021 results: EPS: CN¥0.23 (down from CN¥0.80 in FY 2020). Revenue: CN¥4.41b (down 18% from FY 2020). Net income: CN¥278.4m (down 71% from FY 2020). Profit margin: 6.3% (down from 18% in FY 2020). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 56%, compared to a 27% 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.02b (down 23% from 3Q 2020). Net income: CN¥77.6m (down 60% from 3Q 2020). Profit margin: 7.6% (down from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥17.66, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Pharmaceuticals industry in China. Total returns to shareholders of 49% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.062 (vs CN¥0.32 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.18b (down 21% from 2Q 2020). Net income: CN¥80.9m (down 80% from 2Q 2020). Profit margin: 6.9% (down from 27% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.26 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.20b (down 9.4% from 1Q 2020). Net income: CN¥132.2m (down 59% from 1Q 2020). Profit margin: 11% (down from 24% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.80 (vs CN¥0.75 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥5.40b (up 4.1% from FY 2019). Net income: CN¥968.4m (up 7.2% from FY 2019). Profit margin: 18% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% 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 • Mar 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥21.72, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Pharmaceuticals industry in China. Total returns to shareholders of 14% over the past three years. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥16.91 The company is down 28% from its price of CN¥23.60 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥18.19 The company is down 28% from its price of CN¥25.13 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥20.47 The company is down 25% from its price of CN¥27.46 on 11 September 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 down 7.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: CN¥22.10 The company is down 22% from its price of CN¥28.49 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is down 8.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.07b, up 39% from the prior year. Total revenue was CN¥5.53b over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥23.93 The company is down 25% from its price of CN¥31.88 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.99 per share.