China's Zhongzhi Pharmaceutical H1 revenue falls 10%
China's Zhongzhi Pharmaceutical H1 revenue falls 10%
Overview
China pharmaceutical maker's half-year revenue fell 10.3% yr/yr
Profit attributable to owners rose 3.8% yr/yr
Gross profit and margin declined, board recommended no interim dividend
Outlook
Company did not provide specific financial guidance or outlook for the current quarter or full year in the press release
Result Drivers
DEMAND PRESSURE – Pharmaceutical-manufacturing revenue fell 12.2% yr/yr as divergent demand, consumption contraction and channel inventory reductions weighed on sales
PHARMACY FOOTFALL DECLINE – Chain-pharmacy revenue fell 6.0% as retail competition and community hospitals' medical-insurance services diverted customer traffic
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 790 mln |
|
H1 Net Income Attributable |
| RMB 9.1 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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