Result Update
For the nine months ended September 30, 2019, the company recorded operating income of RMB 146.617 billion, an increase of 19.57% YoY, and its main business continued to grow rapidly. Of which, the pharmaceutical manufacturing sector realized revenue of RMB 17.682 billion, a YoY increase of 24.05%. The pharmaceutical business realized revenue of RMB 129.235 billion, an increase of 18.95% YoY (among which, the pharmaceutical distribution business achieved sales revenue of RMB 121.218 billion, an increase of 18.56% YoY; the pharmaceutical retail business achieved sales revenue of RMB 5.908 billion, an increase of 15.94% YoY). The company realized a net profit attributable to shareholders of listed companies of RMB 3.399 billion, a YoY increase of 0.80%; the main business of the pharmaceutical manufacturing sector contributed a profit of RMB 1.540 billion, a YoY increase of 20.56%; the main business of the pharmaceutical business contributed a profit of RMB 1.526 billion, a YoY increase Increased by 15.73%; the participating companies contributed profits of RMB804 million, an increase of 48.13% YoY. The company’s comprehensive gross profit margin was 13.70%, a decrease of 0.11 percentage point compared with the same period last year; the gross profit margin of the pharmaceutical manufacturing sector was 57.54%, a decrease of 0.10 percentage point compared with the same period last year, and the average gross profit margin of 60 key varieties was 71.71%; the gross profit margin of pharmaceutical distribution was 6.40%, a YoY decrease of 0.27 percentage points; the gross profit margin of pharmaceutical retail was 14.10%, a YoY decrease of 1.02 percentage points.