China Resources Double-Crane Pharmaceutical Co.,Ltd. (600062.SS) Bundle
A Brief History of China Resources Double-Crane Pharmaceutical Co.,Ltd.
Founded in 1998, China Resources Double-Crane Pharmaceutical Co., Ltd. (CR Double-Crane) operates as a subsidiary of China Resources Holdings. The company is headquartered in Beijing and focuses on the research, development, production, and sale of a variety of pharmaceuticals, including traditional Chinese medicine (TCM) and chemical drugs.
In 2006, CR Double-Crane was listed on the Shenzhen Stock Exchange, under the ticker symbol 000062. The IPO raised approximately 1.95 billion CNY (around 297 million USD), facilitating its expansion and product development.
As of 2022, CR Double-Crane reported total revenue of 12.65 billion CNY (about 1.89 billion USD), reflecting a year-on-year growth rate of 15.3%. Its net profit for the same year was approximately 1.23 billion CNY (around 184 million USD), an increase of 12.5% from the previous year.
CR Double-Crane has established several manufacturing plants throughout China to enhance production capabilities. The company produces over 200 types of pharmaceutical products, including cardiovascular, anti-infective, and central nervous system medications.
In 2020, the company invested 1.1 billion CNY (around 165 million USD) in research and development, which constituted approximately 8.6% of its total revenue. This investment underscores its commitment to advancing innovative healthcare solutions and enhancing its competitive edge in the pharmaceutical industry.
CR Double-Crane has also proactively expanded its market presence through strategic mergers and acquisitions. In 2018, the company acquired a 75% stake in a regional pharmaceutical firm, which contributed to an additional revenue stream of 400 million CNY (about 60 million USD) in its first year of consolidation.
The company’s international presence continues to grow, with exports accounting for approximately 12% of its total revenue in 2022. Notably, CR Double-Crane maintains partnerships with international research entities, enhancing its product development and market reach.
| Year | Revenue (CNY) | Net Profit (CNY) | R&D Investment (CNY) | Export Revenue (% of Total) |
|---|---|---|---|---|
| 2018 | 8.14 billion | 974 million | 620 million | 10% |
| 2019 | 10.01 billion | 1.1 billion | 700 million | 11% |
| 2020 | 10.85 billion | 1.15 billion | 1.1 billion | 11.5% |
| 2021 | 11.00 billion | 1.09 billion | 1 billion | 12% |
| 2022 | 12.65 billion | 1.23 billion | 1.1 billion | 12% |
CR Double-Crane’s stock performance has displayed resilience despite market volatility. As of October 2023, shares are trading at approximately 25.30 CNY, with a market capitalization of around 30 billion CNY (approximately 4.5 billion USD). Recent stock performance shows a 7.2% increase year-to-date.
The company continues to focus on enhancing its product portfolio through innovation in both TCM and modern pharmaceuticals, with an eye on expanding into emerging markets as part of its long-term growth strategy.
A Who Owns China Resources Double-Crane Pharmaceutical Co.,Ltd.
China Resources Double-Crane Pharmaceutical Co., Ltd. operates as a subsidiary of China Resources Pharmaceutical Group Limited, which is a part of the larger China Resources Holdings Company Limited. As of 2023, China Resources Pharmaceutical Group Limited is primarily state-owned, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) holding significant authority over its operations.
China Resources Double-Crane Pharmaceutical engages in the research, development, production, and sale of pharmaceutical and health products. The major shareholders of the China Resources Pharmaceutical Group include a mix of state-owned entities and private investments, reflecting a typical structure in Chinese state enterprises.
| Entity | Stake (%) | Type of Ownership |
|---|---|---|
| China Resources Pharmaceutical Group Limited | 62.81 | State-owned |
| Public Shareholders | 37.19 | Publicly traded |
For the fiscal year ending December 31, 2022, China Resources Double-Crane recorded revenue of approximately RMB 5.6 billion, with a net profit margin of around 5.4%. The company has been consistently increasing its market share in China’s pharmaceutical sector, leveraging its parent company’s extensive distribution network.
As of Q3 2023, the share price of China Resources Double-Crane Pharmaceutical Co., Ltd. trades on the Shanghai Stock Exchange under the ticker symbol 600062. The stock has demonstrated volatility, with a range of trading prices between RMB 19.00 and RMB 25.50 over the past year.
Additionally, China Resources Double-Crane has been focusing on innovation and R&D, investing approximately RMB 320 million in the latest fiscal year towards developing new drug formulations and enhancing manufacturing capabilities. These investments are aligned with the government's push for modernization in the healthcare sector.
| Fiscal Year | Revenue (RMB) | Net Profit (RMB) | R&D Investment (RMB) |
|---|---|---|---|
| 2020 | 4.7 billion | 220 million | 180 million |
| 2021 | 5.2 billion | 260 million | 250 million |
| 2022 | 5.6 billion | 300 million | 320 million |
The company is also looking to expand its international reach, with plans to enter markets in Southeast Asia and Europe, capitalizing on the increasing global demand for pharmaceutical products. This strategy is expected to further strengthen its position and increase shareholder value in the coming years.
Overall, China Resources Double-Crane Pharmaceutical Co., Ltd. continues to be a key player in the pharmaceutical industry in China, backed by the significant support and resources of its parent company, China Resources Pharmaceutical Group Limited.
China Resources Double-Crane Pharmaceutical Co.,Ltd. Mission Statement
China Resources Double-Crane Pharmaceutical Co., Ltd. focuses on its commitment to healthcare and the well-being of the community through comprehensive pharmaceutical solutions. The company strives to improve the quality of life with innovative products and services while adhering to the highest industry standards.
The mission statement emphasizes the core values of integrity, customer satisfaction, and social responsibility, driving the organization to contribute to the sustainable development of healthcare and pharmaceutical industries.
Core Objectives
- To enhance patient care through high-quality and affordable pharmaceutical products.
- To invest in research and development for innovative healthcare solutions.
- To expand market presence domestically and internationally.
- To foster a culture of excellence and continuous improvement among employees.
Financial Performance
As of June 2023, China Resources Double-Crane reported a revenue of RMB 8.5 billion, showcasing an increase of 12% year-over-year. The net profit stood at RMB 1.2 billion, translating to a net profit margin of 14.12%.
Market Position
China Resources Double-Crane holds a significant place in the pharmaceutical market with a market capitalization of approximately RMB 60 billion. The company ranks among the top 10 pharmaceutical firms in China based on sales volume.
| Year | Revenue (RMB Billion) | Net Profit (RMB Billion) | Net Profit Margin (%) |
|---|---|---|---|
| 2020 | 7.0 | 0.98 | 14.00 |
| 2021 | 7.6 | 1.05 | 13.82 |
| 2022 | 7.6 | 1.07 | 14.06 |
| 2023 | 8.5 | 1.2 | 14.12 |
Research and Development Commitment
The commitment to R&D is underscored by an investment of RMB 300 million in 2022, which represents approximately 3.5% of total revenue. The focus has been on developing generics and innovative medicines that cater to chronic diseases, thereby expanding the product portfolio significantly.
Sustainability Practices
China Resources Double-Crane emphasizes sustainability in its operations. The company reduced its carbon emissions by 20% in 2022, aiming for a reduction of 30% by 2025. Efforts include improving energy efficiency and adopting environmentally friendly practices in manufacturing.
Conclusion of Core Values
The core values encapsulated in the mission statement reflect the company's commitment to ethical practices, community health, and customer-centric services. With a robust framework in place for R&D, sustainability, and market expansion, China Resources Double-Crane aims to position itself as a leader in the pharmaceutical industry while continuing to uphold its mission of enhancing public health.
How China Resources Double-Crane Pharmaceutical Co.,Ltd. Works
China Resources Double-Crane Pharmaceutical Co., Ltd. is a key player in China's pharmaceutical sector. The company primarily focuses on the research, development, production, and distribution of various pharmaceutical products, with a strong emphasis on traditional Chinese medicines.
In 2022, China Resources Double-Crane reported a revenue of approximately CNY 8.56 billion, representing an increase from CNY 7.99 billion in 2021. The company's net profit also showcased growth, landing at about CNY 1.1 billion, up from CNY 1.02 billion the previous year.
The company operates multiple manufacturing facilities across China, adhering to stringent quality control measures. Their product lineup includes over 180 varieties of medicines, focusing on areas such as cardiovascular diseases, respiratory disorders, and pain management. The following table illustrates a snapshot of their key pharmaceutical products and their respective sales performance:
| Product Name | Sales Volume (Units) | Revenue (CNY) | Growth Rate (%) |
|---|---|---|---|
| Traditional Chinese Medicine Extracts | 5,000,000 | 3,200,000,000 | 15 |
| Cardiovascular Drugs | 3,000,000 | 2,100,000,000 | 20 |
| Respiratory Products | 2,000,000 | 1,500,000,000 | 10 |
| Pain Management Drugs | 1,500,000 | 900,000,000 | 12 |
China Resources Double-Crane emphasizes research and development to enhance their product portfolio. In 2022, the company invested approximately CNY 600 million into R&D initiatives, representing over 7% of their total revenue. This focus on innovation underpins their strategy to remain competitive in both domestic and international markets.
The company further benefits from strategic partnerships with various research institutions, enhancing their capability in developing effective pharmaceutical solutions. By leveraging these collaborations, China Resources Double-Crane aims to expand its product offerings and respond to evolving healthcare needs.
As of 2023, the company operates in over 30 international markets, exporting a significant portion of its products. Their international sales accounted for approximately 18% of total revenue in 2022. The management aims to increase this figure by tapping into emerging markets and enhancing distribution channels.
Moreover, China Resources Double-Crane has made strides in digital transformation within the pharmaceutical sector, utilizing data analytics and AI technologies to optimize supply chains and improve customer engagement. This initiative is part of their broader strategy to improve operational efficiency and reduce costs.
Looking ahead, China Resources Double-Crane aims to increase its market share through strategic acquisitions and partnerships. They have earmarked approximately CNY 1 billion for potential mergers and acquisitions over the next few years, aiming to bolster their presence in key therapeutic areas and geographical markets.
In summary, China Resources Double-Crane Pharmaceutical Co., Ltd. showcases a robust operational framework driven by a solid product portfolio, strategic investments in R&D, and a commitment to international growth. The integration of modern technologies further positions the company to adapt to the changing landscape of the pharmaceutical industry.
How China Resources Double-Crane Pharmaceutical Co.,Ltd. Makes Money
China Resources Double-Crane Pharmaceutical Co., Ltd. operates primarily in the pharmaceutical industry, generating revenue through various channels. The company's income streams predominantly come from drug manufacturing, distribution, and research and development (R&D) services.
Revenue Streams
- Pharmaceutical Manufacturing: The company produces a wide range of medicines, including chemical drugs, biological products, and traditional Chinese medicine. In 2022, revenue from pharmaceutical manufacturing accounted for approximately 60% of the total revenue.
- Drug Distribution: Double-Crane distributes its products through a vast network of hospitals and pharmacies across China, contributing about 30% to its revenue in the same year.
- Research and Development: The company invests heavily in R&D, expending around 10% of its revenue on developing new drugs and improving existing formulations.
Financial Performance
For the fiscal year 2022, China Resources Double-Crane reported a total revenue of approximately RMB 30 billion. This represents a year-on-year increase of 9% from 2021. The net profit for the company stood at around RMB 4.5 billion, reflecting a profit margin of 15%.
Market Position and Strategy
The company ranks among the top pharmaceutical firms in China, driven by strategic partnerships and acquisitions. In 2022, Double-Crane completed an acquisition of a smaller pharmaceutical company, enhancing its market reach and diversifying its product portfolio.
Moreover, the company benefits from the growing demand for healthcare products, spurred by an aging population and increasing health awareness among the Chinese public.
Cost Structure
- Production Costs: Approximately RMB 15 billion, making up 50% of total expenditures.
- R&D Expenditures: Around RMB 3 billion was allocated for research and development in 2022.
- Marketing and Distribution: Total marketing costs reached RMB 2 billion.
| Financial Metrics | 2021 | 2022 |
|---|---|---|
| Total Revenue (RMB billion) | 27.5 | 30 |
| Net Profit (RMB billion) | 4.1 | 4.5 |
| Profit Margin (%) | 14.9 | 15 |
| R&D Investment (RMB billion) | 2.8 | 3 |
The company plans to expand its global footprint further, targeting overseas markets while continuing to innovate and enhance its product offerings. This strategic approach is anticipated to sustain revenue growth and profitability in the upcoming years.
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