Tangchen Beijian: Revenue of 2.97 billion yuan increased by 36.88% in the first half of the year.
[Beijing Direct News Network, August 5] (Economic Observer)On July 30, Tangchen Beijian Co., Ltd. (300146.SZ referred to as "Tangchen Beijian") released its semi-annual report for 2019. During the reporting period, the company realized business income of 2.970 billion yuan, an increase of 36.88% over the same period of last year; the net profit of shareholders belonging to listed companies was 867 million yuan, an increase of 23.03% over the same period of last year. Among the main business revenue, the main brand "Tongchen Beijian" increased by 14.44% and the joint care brand "Jianliduo" increased by 53.71%.
According to Tangchen Beijian's established business plan, the company adopted a moderately radical market strategy in 2019. Last year, Tongchen Beijian acquired the business assets of Penta-vite, a child nutrition supplement brand, and Life-Space Group Pty Ltd, an Australian health product manufacturer and distributor, in the hope of further enriching the product line. In May this year, Tangchen Beijian protein powder theme advertisements were released nationwide, and projected to continue to increase in the second half of the year.
However, in the first half of this year, according to Tangchen Beijian's semi-annual report in 2019, Tangchen Beijian was under pressure from industry renovation and the implementation of new policies.
Tangchen Beijian said that in the first half of this year, the relevant state departments jointly carried out remediation of disorders and violations in the "health care" industry, which played a positive and positive role in promoting the long-term healthy development of the "health care" market. However, in the short term, the pressure and challenges to market stakeholders are increasing and are expected to continue for a certain period of time. In the short run, the company will still be affected to some extent.
At the same time, affected by the implementation of the E-Commerce Law, some Australian customers facing Chinese consumers have been greatly impacted. Most of the customers and channels are transforming and implementing the de-inventory behavior. Among them, "Life-Space" continues to grow steadily in the face of local retail sales in Australia, while the active sales of major e-commerce platforms in China still maintain a relatively rapid growth trend; while LSG's business development is facing many major challenges, and integration needs a certain period of time. In addition, online channels are affected by policy changes of e-commerce platforms and other factors. The growth rate of online channels has slowed down, and only single-digit growth has been achieved in the first half of the year.
From the results of the first half of this year, compared with the first half of 2008, the growth rate of business income of Tangchen Beijian slowed down, while the growth rate of net profit of listed shareholders increased. According to Tangchen Beijian's semi-annual report in 2018, during the reporting period, the company achieved business income of 2.17 billion yuan, an increase of 45.95% over the same period last year; the net profit of shareholders belonging to listed companies was 700 million yuan, an increase of 21.01% over the same period last year.