Announcement • Jun 30
Pharmaron Beijing Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Pharmaron Beijing Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Announcement • Jun 16
Pharmaron Beijing Co., Ltd. Approves Cash Dividend for 2025 Pharmaron Beijing Co., Ltd. at its AGM held on June 12, 2026, approved cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2025. Announcement • May 21
Pharmaron Beijing Co., Ltd., Annual General Meeting, Jun 12, 2026 Pharmaron Beijing Co., Ltd., Annual General Meeting, Jun 12, 2026, at 13:30 China Standard Time. Location: juhui hall, 5/floor, block b, zhaolin plaza, no. 19 ronghua middle road, beijing economic & technological development area, daxing district, beijing., China Announcement • Mar 31
Pharmaron Beijing Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Pharmaron Beijing Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Jan 22
Pharmaron Beijing Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.333618 billion. Pharmaron Beijing Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.333618 billion.
Security Name: H shares
Security Type: Common Stock
Securities Offered: 58,440,762
Price\Range: HKD 22.82
Transaction Features: Subsequent Direct Listing Announcement • Jan 15
Pharmaron Beijing Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.333618 billion. Pharmaron Beijing Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.333618 billion.
Security Name: H shares
Security Type: Common Stock
Securities Offered: 58,440,762
Price\Range: HKD 22.82
Transaction Features: Subsequent Direct Listing Announcement • Jan 14
Pharmaron Beijing Co., Ltd. Provides Earnings Guidance for the Financial Year Ended December 31, 2025 Pharmaron Beijing Co., Ltd. provided earnings guidance for the financial year ended December 31, 2025. For the period, the company expects the revenue in the range of RMB 13,871.6256 million to RMB 14,239.8989 million, growth compared with the same period of last year is 13% - 16%. Net profit attributable to owners of the parent is expected to be in the range of RMB 1,614.0157 million to RMB 1,685.7498 million, decrease compared with the same period of last year of 6% to 10%. Basic earnings per share is expected to be in the range of RMB 0.0.9160 to RMB 0.9567. Announcement • Dec 31
Pharmaron Beijing Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Pharmaron Beijing Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Oct 29
Pharmaron Beijing Co., Ltd. (SZSE:300759) entered into a definitive Share Purchase Agreement to acquire 82.54% stake in Wuxi Biortus Biosciences Co. Ltd. Pharmaron Beijing Co., Ltd. (SZSE:300759) entered into a definitive Share Purchase Agreement to acquire 82.54% stake in Wuxi Biortus Biosciences Co. Ltd. on October 28, 2025. With this transaction, it will further enhance its service capabilities in protein science, biological assaying and compound screening, protein crystallization and structure analysis and structure-based drug design.
The transaction is expected to close upon the satisfaction of customary closing conditions. Announcement • Sep 30
Pharmaron Beijing Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Pharmaron Beijing Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
Pharmaron Beijing Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Pharmaron Beijing Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Jun 20
Pharmaron Beijing Co., Ltd. Approves Final Ordinary Dividend for Year Ended December 31, 2024, Payment Date Is 06 August 2025 Pharmaron Beijing Co., Ltd. approved final ordinary dividend in cash for the year ended December 31, 2024 of RMB 2 per 10 share. Ex-dividend date is 04 July 2025 . Record date is 14 July 2025. Payment date is 06 August 2025. Date of shareholders' approval is 20 June 2025. Announcement • May 29
Pharmaron Beijing Co., Ltd., Annual General Meeting, Jun 20, 2025 Pharmaron Beijing Co., Ltd., Annual General Meeting, Jun 20, 2025, at 13:30 China Standard Time. Location: no. 1 meeting room,4th floor, grand skylight international hotel beijing, building 10, avic plaza, no. 15 ronghua south road, yizhuang economic and technological development, zone, daxing China Announcement • Apr 28
Pharmaron Beijing Co., Ltd. Announces Resignation of Hu Baifeng as Non-Executive Director and A Member of the Strategy Committee Pharmaron Beijing Co., Ltd. announced that Mr. Hu Baifeng (Mr. Hu) has tendered a voluntary resignation from his position as a non-executive Director of the Company and a member of the strategy committee of the Board (the Strategy Committee). Following Mr. Hu's resignation, he has voluntarily agreed to continue to perform his duties as a non-executive Director and a member of the Strategy Committee until the proposed election of the new non-executive Director is resolved by the shareholders of the Company (the Shareholders) at the upcoming annual general meeting of the Company for the year 2024 (the 2024 AGM). Announcement • Mar 31
Pharmaron Beijing Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Pharmaron Beijing Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Mar 26
Pharmaron Beijing Co., Ltd. Proposes Final Dividend for the Financial Year Ended December 31, 2024 Pharmaron Beijing Co., Ltd. proposed final dividend of RMB 2 per 10 shares for the financial year ended December 31, 2024. Announcement • Dec 31
Pharmaron Beijing Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 Pharmaron Beijing Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.20 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.20 in 3Q 2023). Revenue: CN¥3.21b (up 10.0% from 3Q 2023). Net income: CN¥308.4m (down 13% from 3Q 2023). Profit margin: 9.6% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥28.55, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Life Sciences industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.50 per share. Announcement • Sep 30
Pharmaron Beijing Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Pharmaron Beijing Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.30, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Life Sciences industry in China. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.07 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.50 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥2.93b (flat on 2Q 2023). Net income: CN¥882.8m (up 102% from 2Q 2023). Profit margin: 30% (up from 15% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Pharmaron Beijing Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Pharmaron Beijing Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 22
Johnson & Johnson (NYSE:JNJ) completed the acquisition of Proteologix, Inc. from Pharmaron Beijing Co., Ltd and other shareholders for approximately $850 million. Johnson & Johnson (NYSE:JNJ) entered into a definitive agreement to acquire Proteologix, Inc. from Pharmaron Beijing Co., Ltd and other shareholders for approximately $850 million and with potential for an additional milestone payment. on May 16, 2024. The transaction is subject to antitrust clearance and other customary closing conditions. The transaction is expected to close mid-year 2024. Centerview Partners LLC served as exclusive financial advisor, and Goodwin Procter as legal counsel to Proteologix on the transaction. The transaction has been approved by Pharmaron Beijing Co., Ltd's board.As of year ended 2023, Proteologix, Inc reported total assets of $31.04 million, total common equity of $30.73 million, EBIT of $5.74 million and net income of $5.74 million. Janet Xiao of Morrison & Foerster LLP acted as legal advisor to Proteologix, Inc.Johnson & Johnson (NYSE:JNJ) completed the acquisition of Proteologix, Inc. from Pharmaron Beijing Co., Ltd and other shareholders on June 21, 2024. Announcement • Jun 21
Pharmaron Beijing Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable June 27, 2024 Pharmaron Beijing Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2023. Record date is June 26, 2024. Ex-date is June 27, 2023. Payment date is June 27, 2024. Announcement • Jun 08
Pharmaron Beijing Co., Ltd. Approves Final Dividend for the Financial Year Ended December 31, 2023, Payable on July 26, 2024 Pharmaron Beijing Co., Ltd. approved final dividend of RMB 2 per 10 shares for the financial year ended December 31, 2023. Ex-dividend date is on 27 June 2024. Record date is on 08 July 2024. Payment date is on 26 July 2024. Date of shareholders' approval is on 6 June 2024. Announcement • May 16
Pharmaron Beijing Co., Ltd., Annual General Meeting, Jun 06, 2024 Pharmaron Beijing Co., Ltd., Annual General Meeting, Jun 06, 2024, at 13:30 China Standard Time. Location: paris hall, 3/f, pullman beijing south, no. 12 ronghua south road, beijing economic and technological development, area, daxing district, beijing China Announcement • Apr 26
Pharmaron Beijing Co., Ltd. (SZSE:300759) announces an Equity Buyback for CNY 300 million worth of its shares. Pharmaron Beijing Co., Ltd. (SZSE:300759) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 31 per share. The A Shares repurchased will all be cancelled and the Company’s registered capital will be reduced accordingly. The purpose of the program is to enhance investor’s confidence, and comprehensively taking into account the Company’s financial conditions, future development and reasonable valuation levels. The program will be funded out of the company's own funds. The program will be valid till 3 months. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.20 in 1Q 2023). Revenue: CN¥2.67b (down 2.0% from 1Q 2023). Net income: CN¥230.6m (down 34% from 1Q 2023). Profit margin: 8.6% (down from 13% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Pharmaron Beijing Co., Ltd. Announces Executive Changes Pharmaron Beijing Co., Ltd. announced that Ms. Mak Po Man Cherie ("Ms. Mak") has tendered her resignation as the company secretary of the Company (the "Company Secretary") and has ceased to act as an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the process agent for the acceptance of service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from April 25, 2024. The Board further announces that Mr. Yim Lok Kwan ("Mr. Yim") has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from April 25, 2024. Mr. Yim is an assistant vice president of SWCS Corporate Services Group (Hong Kong) Limited and has over 10 years of experience in the corporate secretarial field. He is a fellow member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom, and he holds a bachelor's degree in accounting from Hong Kong Shue Yan University and a master's degree in corporate governance from The Hong Kong Polytechnic University. Announcement • Mar 30
Pharmaron Beijing Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Pharmaron Beijing Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.90 (vs CN¥0.78 in FY 2022) Full year 2023 results: EPS: CN¥0.90 (up from CN¥0.78 in FY 2022). Revenue: CN¥11.5b (up 12% from FY 2022). Net income: CN¥1.60b (up 17% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Pharmaron Beijing Co., Ltd. Proposes Final Dividend for the Financial Year Ended December 31, 2023 Pharmaron Beijing Co., Ltd. proposed final dividend of RMB 2 per 10 shares for the financial year ended December 31, 2023. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥21.10, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Life Sciences industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.08 per share. Announcement • Jan 29
Pharmaron Beijing Co., Ltd. Provides Earnings Guidance for the Financial Year Ended December 31, 2023 Pharmaron Beijing Co., Ltd. provided earnings guidance for the financial year ended December 31, 2023. For the period, the company expects the revenue in the range of RMB 11,395.5799 million to RMB 11,703.5685 million. Growth compared with the same period of last year is 11% - 14%. Net profit attributable to owners of the parent is expected to be in the range of RMB 1,567.0488 million to RMB 1,635.7790 million. Growth compared with the same period of last year of 14% to 19%. Basic earnings per share is expected to be in the range of RMB 0.8841 to 0.9229. New Risk • Jan 26
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 7.9% 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 (7.9% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Jan 26
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to CN¥22.01. The fair value is estimated to be CN¥28.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 10.0%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Dec 29
Pharmaron Beijing Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Pharmaron Beijing Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.21 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (down from CN¥0.21 in 3Q 2022). Revenue: CN¥2.92b (up 5.5% from 3Q 2022). Net income: CN¥352.9m (down 6.1% from 3Q 2022). Profit margin: 12% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 22
President recently sold CN¥231m worth of stock On the 19th of September, Xiaoqiang Lou sold around 8m shares on-market at roughly CN¥28.29 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥754m. Recent Insider Transactions • Sep 02
Executive VP & Executive Director recently sold CN¥22m worth of stock On the 29th of August, Bei Zheng sold around 752k shares on-market at roughly CN¥29.65 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CN¥751m more than they bought in the last 12 months. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥2.92b (up 15% from 2Q 2022). Net income: CN¥437.8m (up 30% from 2Q 2022). Profit margin: 15% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Life Sciences industry in China. 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 16% per year, which means it is significantly lagging earnings. Announcement • Jul 23
Pharmaron Beijing Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 27, 2023 Pharmaron Beijing Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.00000000 on A shares for the year 2022. Record date is July 26, 2023. Ex-date is July 27, 2023. Payment date is July 27, 2023. Recent Insider Transactions • Jul 04
President recently sold CN¥13m worth of stock On the 27th of June, Xiaoqiang Lou sold around 334k shares on-market at roughly CN¥40.26 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥524m. Announcement • Jun 27
Pharmaron Beijing Co., Ltd. Approves Cash Dividend for 2022 Pharmaron Beijing Co., Ltd. approved Cash dividend/10 shares (tax included) of CNY 3.00000000 for 2022 at the Class Meeting of Holders of Domestic Shares of 2023 held on June 21, 2023. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥39.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Life Sciences industry in China. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.43 per share. Buying Opportunity • Jun 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥56.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • May 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥57.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.21 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.21 in 1Q 2022). Revenue: CN¥2.72b (up 30% from 1Q 2022). Net income: CN¥348.3m (up 40% from 1Q 2022). Profit margin: 13% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥45.60, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 35x in the Life Sciences industry in China. Total loss to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.53 per share. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥48.97, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 41x in the Life Sciences industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Jan 31
Pharmaron Beijing Co., Ltd. Provides Earnings Guidance for the Financial Year Ended December 31, 2022 Pharmaron Beijing Co., Ltd. provided earnings guidance for the financial year ended December 31, 2022. For the period, the company expects the revenue in the range of CNY 10,123.5268 million to CNY 10,346.8399 million. Growth compared with the same period of last year is 36% - 39%. Net profit attributable to owners of the parent is expected to be in the range of CNY 1,312.2126 million to CNY 1,445.0949 million. Growth compared with the same period of last year of -21% to -13%. Basic earnings per share is expected to be in the range of CNY 1.1096 to 1.2220. Recent Insider Transactions • Jan 19
Executive VP & Executive Director recently sold CN¥21m worth of stock On the 16th of January, Bei Zheng sold around 267k shares on-market at roughly CN¥79.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CN¥131m. Insiders have been net sellers, collectively disposing of CN¥695m more than they bought in the last 12 months. Recent Insider Transactions • Jan 10
President recently sold CN¥31m worth of stock On the 5th of January, Xiaoqiang Lou sold around 426k shares on-market at roughly CN¥71.81 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥131m. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥488m. Recent Insider Transactions • Jan 04
President recently sold CN¥72m worth of stock On the 29th of December, Xiaoqiang Lou sold around 1m shares on-market at roughly CN¥67.08 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥131m. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥451m. Recent Insider Transactions • Dec 27
President recently sold CN¥24m worth of stock On the 20th of December, Xiaoqiang Lou sold around 390k shares on-market at roughly CN¥61.36 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥131m. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥244m. Recent Insider Transactions • Dec 13
President recently sold CN¥41m worth of stock On the 8th of December, Xiaoqiang Lou sold around 603k shares on-market at roughly CN¥68.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥131m. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥220m. Recent Insider Transactions • Dec 07
President recently sold CN¥48m worth of stock On the 2nd of December, Xiaoqiang Lou sold around 716k shares on-market at roughly CN¥66.89 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥131m. Xiaoqiang has been a net seller over the last 12 months, reducing personal holdings by CN¥179m. Recent Insider Transactions • Nov 17
President recently sold CN¥131m worth of stock On the 11th of November, Xiaoqiang Lou sold around 2m shares on-market at roughly CN¥60.82 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Xiaoqiang's only on-market trade for the last 12 months. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non Executive Director Lihua Li was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥65.50, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Life Sciences industry in China. Total returns to shareholders of 80% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥2.77b (up 37% from 3Q 2021). Net income: CN¥375.7m (down 21% from 3Q 2021). Profit margin: 14% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥57.61, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 36x in the Life Sciences industry in China. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥55.06, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 34x in the Life Sciences industry in China. Total returns to shareholders of 91% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.27 in 2Q 2021). Revenue: CN¥2.53b (up 41% from 2Q 2021). Net income: CN¥336.3m (up 5.5% from 2Q 2021). Profit margin: 13% (down from 18% in 2Q 2021). Over the next year, revenue is forecast to grow 37%, compared to a 39% growth forecast for the Life Sciences industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Aug 30
Pharmaron Beijing Co., Ltd. Announces Board Changes The Board of Pharmaron Beijing Co., Ltd. hereby announced that Mr. Dai Lixin ("Mr. Dai") and Ms. Chen Guoqin ("Ms. Chen") will cease to be the independent non-executive Director of the Company, with effect from the conclusion of the extraordinary general meeting of the Company to be held on September 23, 2022 (the "EGM"), in light of the upcoming expirations of their respective six-year consecutive terms of offices, as required according to the Rules for Independent Directors of Listed Companies of the China Securities Regulatory Commission. Immediately following Mr. Dai's and Ms. Chen's respective cessations of office, Mr. Dai will cease to be a member of the strategy committee of the Company, and Ms. Chen will alsocease to be the chairwoman of the nomination committee and the remuneration and appraisal committee of the Company, and a member of the audit committee of the Company. Announcement • Aug 16
Pharmaron Beijing Co., Ltd. to Report First Half, 2022 Results on Aug 29, 2022 Pharmaron Beijing Co., Ltd. announced that they will report first half, 2022 results on Aug 29, 2022 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥83.88, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 45x in the Life Sciences industry in China. Total loss to shareholders of 38% over the past year. Announcement • Jul 19
Pharmaron Beijing Co., Ltd. Provides Earnings Guidance for Period from January 1, 2022 to June 30, 2022 Pharmaron Beijing Co., Ltd. provided earnings guidance for period from January 1, 2022 to June 30, 2022. For the period the company expects the revenue in the range of CNY 4,566.8606 million to CNY 4,665.4259 million. Growth compared with the same period of last year is 39% - 42%. Net profit attributable to owners of the parent is expected to be in the range of CNY 564.8362 million to CNY 610.0231 million. Growth compared with the same period of last year of 0% - 8%. Basic earnings per share is expected to be in the range of CNY 0.4767 per share to CNY 0.5148 per share. Announcement • Jun 09
Pharmaron Beijing Co., Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on June 14, 2022 Pharmaron Beijing Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 4.50000000 on A shares for the year 2021. Record date is June 13, 2022. Ex-date is June 14, 2022. Payment date is June 14, 2022. Announcement • Jun 03
Pharmaron Beijing Co., Ltd. Approves Cash Dividend, Payable on 12 July 2022 Pharmaron Beijing Co., Ltd. held its 2nd Class Meeting of Holders of Domestic Shares of 2022 on 31 May 2022 approved Cash dividend/10 shares (tax included) of CNY 4.50000000. Payment date is 12 July 2022. Record date is 13 June 2022. Ex-dividend date is 06 June 2022. Announcement • May 26
Pharmaron Beijing Co., Ltd. (SZSE:300759) has entered into a definitive Asset Purchase Agreement to acquire Coventry API manufacturing site of Noramco, Inc. Pharmaron Beijing Co., Ltd. (SZSE:300759) has entered into a definitive Asset Purchase Agreement to acquire Coventry API manufacturing site of Noramco, Inc. on May 24, 2022. The transaction is expected to close upon the satisfaction of customary closing conditions. O’Melveny acted as legal advisor and Ernst & Young acted as financial advisor to Pharmaron. Announcement • May 08
Pharmaron Beijing Co., Ltd. (SZSE:300759) completed the acquisition of 100% equity interest in Beijing Anikeepter Biotech Co from Chen Jing and Chen Xuejun for CNY 85.34 million. Pharmaron Beijing Co., Ltd. (SZSE:300759) entered into conditional agreement to acquire 100% equity interest in Beijing Anikeepter Biotech Co from Chen Jing and Chen Xuejun CNY 83.60 million on March 25, 2022. Anikeeper is held as to 75% and 25% by Chen and Chen, respectively. The Consideration is tax inclusive, and shall be paid in cash in the following manner: 1. RMB 41.80 million shall be paid within five Business Days upon the satisfaction of all the conditions precedent or otherwise waived by the Company to the Acquisition Agreement; and 2. the remainder shall be paid within five Business Days upon (i) the completion of the registration for change in relation to the Acquisition issued by the relevant market supervision administration. Completion shall take place within five Business Days upon the satisfaction of all the conditions precedent or otherwise waived by the Company to the Acquisition Agreement but in any event on or before June 30, 2022.
Pharmaron Beijing Co., Ltd. (SZSE:300759) completed the acquisition of 100% equity interest in Beijing Anikeepter Biotech Co from Chen Jing and Chen Xuejun for CNY 85.34 million on May 6, 2022. Announcement • May 07
Pharmaron Beijing Co., Ltd., Annual General Meeting, May 31, 2022 Pharmaron Beijing Co., Ltd., Annual General Meeting, May 31, 2022, at 14:00 China Standard Time. Location: Juyuan Hall, 5/F, Block A, Zhaolin Plaza No. 19 Ronghua Middle Road, Beijing Economic and Technological Development Area Daxing District Beijing Province China Agenda: To consider Work Report of the Board of Directors for the year 2021; to consider Work Report of the Supervisory Committee for the year 2021; to consider Financial Statements for the year 2021; to consider 2021 Annual Report's full text and report summary and 2021 Annual Results Announcement; to consider the Remuneration of the Directors for the year 2022; to consider the Remuneration of the Supervisors for the year 2022; to consider an Engagement of Domestic Financial and Internal Control Auditors for the year 2022; to consider an Engagement of International Auditor for the year 2022; to consider Foreign Exchange Hedging Quota for the year 2022; and to transact such other business issues. Announcement • May 02
Pharmaron Beijing Co., Ltd. Proposes Final Cash Dividend for the Financial Year Ended December 31, 2021 Pharmaron Beijing Co., Ltd. proposed final cash dividend of RMB 4.5 per 10 shares for the financial year ended December 31, 2021. Record date is June 13, 2022. Reported Earnings • Apr 30
First quarter 2022 earnings released First quarter 2022 results: Revenue: CN¥2.10b (up 41% from 1Q 2021). Net income: CN¥249.1m (up 1.3% from 1Q 2021). Profit margin: 12% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 36%, compared to a 44% growth forecast for the industry in China. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non Executive Director Jian Yu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Pharmaron Beijing Co., Ltd. to Report Q1, 2022 Results on Apr 28, 2022 Pharmaron Beijing Co., Ltd. announced that they will report Q1, 2022 results on Apr 28, 2022 Announcement • Mar 29
Pharmaron Beijing Co., Ltd. (SZSE:300759) entered into conditional agreement to acquire 100% equity interest in Beijing Anikeepter Biotech Co from Chen Jing and Chen Xuejun RMB 83.60 million. Pharmaron Beijing Co., Ltd. (SZSE:300759) entered into conditional agreement to acquire 100% equity interest in Beijing Anikeepter Biotech Co from Chen Jing and Chen Xuejun RMB 83.60 million on March 25, 2022. Anikeeper is held as to 75% and 25% by Chen and Chen, respectively. The Consideration is tax inclusive, and shall be paid in cash in the following manner: 1. RMB 41.80 million shall be paid within five Business Days upon the satisfaction of all the conditions precedent or otherwise waived by the Company to the Acquisition Agreement; and 2. the remainder shall be paid within five Business Days upon (i) the completion of the registration for change in relation to the Acquisition issued by the relevant market supervision administration. Completion shall take place within five Business Days upon the satisfaction of all the conditions precedent or otherwise waived by the Company to the Acquisition Agreement but in any event on or before June 30, 2022. Announcement • Mar 28
Pharmaron Beijing Co., Ltd. proposes Final Dividend for the Year Ended December 31, 2021 Pharmaron Beijing Co., Ltd. proposed Final Dividend of RMB 4.5 per 10 share in Cash for the Year Ended December 31, 2021. Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥2.10 (up from CN¥1.48 in FY 2020). Revenue: CN¥7.44b (up 45% from FY 2020). Net income: CN¥1.66b (up 42% from FY 2020). Profit margin: 22% (in line with FY 2020). Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 35%, compared to a 49% growth forecast for the pharmaceuticals industry in China. Announcement • Jan 10
Pharmaron Beijing Co., Ltd. (SZSE:300759) acquired Aesica Pharmaceuticals Limited from Recipharm AB (publ). Pharmaron Beijing Co., Ltd. (SZSE:300759) acquired Aesica Pharmaceuticals Limited from Recipharm AB (publ) on January 10, 2022. Goetzpartners securities acted as exclusive financial advisor to Pharmaron, and O’Melveny acted as legal advisor. Results Healthcare acted as exclusive financial advisor to Recipharm and Addleshaw Goddard acted as legal advisor.
Pharmaron Beijing Co., Ltd. (SZSE:300759) completed the acquisition of Aesica Pharmaceuticals Limited from Recipharm AB (publ) on January 10, 2022. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.60 (vs CN¥0.39 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.02b (up 45% from 3Q 2020). Net income: CN¥475.2m (up 53% from 3Q 2020). Profit margin: 24% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.48 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.80b (up 46% from 2Q 2020). Net income: CN¥319.0m (down 15% from 2Q 2020). Profit margin: 18% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • Jun 01
Pharmaron Beijing Co., Ltd. Approves Cash Dividend for the Year 2020 Pharmaron Beijing Co., Ltd. approved cash dividend of CNY 3.00000000 per 10 shares (tax included) for the year 2020, at the Annual General Meeting of 2020 held on 28 May 2021. Announcement • Mar 31
Pharmaron Beijing Co., Ltd. Updates on Its Operations Pharmaron Beijing Co., Ltd. updated on its operations. Since the outbreak of the COVID-19 pandemic, the Company postponed the resumption of China operations for one week in the first quarter, which slightly delays in meeting the delivery schedules for some of the orders in the first quarter of 2020. Starting from the second quarter, with the pandemic in China under effective control, China-based laboratories and manufacturing facilities resumed to normal rapidly. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥1.48 (vs CN¥0.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.13b (up 37% from FY 2019). Net income: CN¥1.17b (up 114% from FY 2019). Profit margin: 23% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥104, the stock is trading at a trailing P/E ratio of 79.5x, down from the previous P/E ratio of 96.5x. This compares to an average P/E of 69x in the Life Sciences industry in China. Total returns to shareholders over the past year are 59%. Announcement • Feb 24
Pharmaron Beijing Co., Ltd. to Report Fiscal Year 2020 Results on Mar 29, 2021 Pharmaron Beijing Co., Ltd. announced that they will report fiscal year 2020 results on Mar 29, 2021 Is New 90 Day High Low • Jan 12
New 90-day high: CN¥130 The company is up 16% from its price of CN¥112 on 15 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Life Sciences industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥33.55 per share. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥119 The company is up 14% from its price of CN¥104 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Life Sciences industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥33.93 per share.