A piece of traditional Chinese medicine is sold at a sky-high price, and the market is swept away. Who is behind this wave of hype? (Image source: Adobe Stock)
[See China News on June 27, 2021](See a comprehensive report by Chinese reporter Ding Xiaoyu)Chinese Pill Tsai Huang, Suddenly it became popular recently. A large number of scalpers entered the market and fryed. The price of a 3g pill is between 900 yuan and 1,600 yuan. The unit price per gram has exceeded the current price of gold.At the same time, the Pien Tze Huang listed company wholly-owned by Zhangzhou State-owned Assets Supervision and Administration Commissionshare priceSoaring all the way, constantly hitting new highs.
According to a report by China Business News on June 26, the price of Pien Tze Huang has soared recently. On the e-commerce platform, it is hard to find Pien Tze Huang for 590 yuan. Many merchants sell Pien Tze Huang at a price ranging from 900 yuan to 1,600 yuan. The highest price is more than 2 times more expensive than the store price. Calculated on the basis of a 3 grams, the unit price has exceeded the current gold price.
The Beijing News reported that a standard package of Pien Tze Huang in an online pharmacy is priced at 958 yuan, a gift box of 2 tablets is priced at 2016 yuan, a box of 4 tablets is 3,932 yuan, and a box of 10 is 9680 yuan.
In another online pharmacy, the price of Pien Tze Huang reached 1,351.11 yuan per capsule, and the unit price was 450.37 yuan/g in grams, which has far exceeded the Shanghai Gold price of 370.35 yuan/g on the Shanghai Gold Exchange on June 24. And most online pharmacies show “out of stock”.
Offline, Pien Tze Huang was also snapped up. According to the official price, on June 24, at the Beijing Galaxy SOHO experience store, the price of Pien Tze Huang was still 590 yuan per capsule, but it was sold in limited quantities every day, and each person could only purchase 2 capsules on that day.
At a Pien Tze Huang experience center in Shanghai, the staff said that not many people had bought this medicine before. Two or three months ago, scalpers suddenly started buying in large quantities.
“Urban Express” reported that all the Pien Tze Huang Experience Center stores in Hangzhou are out of stock. The current reservation system is adopted, and one person is limited to 2 tablets. Waiting in line for 3 to 4 days.
In addition, according to reports from many media such as Beijing Youth Daily, Dahe Daily, Chongqing Commercial Daily, etc., in many cities in China, such as Chengdu, Zhengzhou, Fuzhou, Shenzhen, etc., Pien Tze Huang also has a hard-to-find situation. .
While Pien Tze Huang was robbed of goods across the board, Pien Tze Huang’s stock price also rose.
As of the close on June 25, Pien Tze Huang had a closing price of 446.9 yuan per share, an increase of 4.51%, and a total market value of 269.6 billion yuan. Previously, on June 24, 2020, Pien Tze Huang had a closing price of 167 yuan per share, with a total market value of 99.7 billion yuan. In one year, the total market value of Pien Tze Huang increased by 169.9 billion yuan.
According to Wind data, Pien Tze Huang was restructured and founded by the original Zhangzhou Pharmaceutical Factory in December 1999. The local State-owned Assets Supervision and Administration Commission of Zhangzhou holds 100% shares and is a wholly state-owned enterprise.
The main business includes the manufacture of Chinese patent medicines and the circulation of medicines. In 2003, it was listed on the Shanghai Main Board. The core product is the Pien Tze Huang series of products.
According to the official website of Pien Tze Huang, Pien Tze Huang is mainly composed of bezoar, musk, panax notoginseng and snake gall. The drug is adapted to the symptoms of clearing away heat and detoxification, cooling blood and removing stasis, reducing swelling and pain.
Since March 2005, Pien Tze Huang has adjusted prices 16 times. In its latest price increase announcement (January 2020), Pien Tze Huang stated that the retail price of Pien Tze Huang tablets in the domestic market will increase from 530 yuan/tablet to 590 yuan/tablet in view of the increase in the main raw materials and labor costs of Pien Tze Huang products. The corresponding increase is about 40 yuan/cap; the overseas market supply price is increased by about 5.80 US dollars/cap.
Southwest Securities reported on February 7, 2021 that Pien Tze Huang promoted artificial musk breeding and raised more than 10,000 musk musk in the Shaanxi breeding base. It is estimated that the annual output will exceed 100 kg. Both musk and bezoar can meet the three-year expansion of production capacity and greatly reduce it. The price cost of bezoar and musk. However, Pien Tze Huang said that it has been using natural musk.
As a pharmaceutical company, Pien Tze Huang invests very little in research and development expenses. From 2018 to 2020, R&D expenses are 100 million yuan, 119 million yuan, and 97.55 million yuan, accounting for 2.12%, 2.09%, and 1.5% of operating income respectively.
Since Pien Tze Huang went public, the local Zhangzhou government has become the biggest winner. According to data, Pien Tze Huang has paid a total of 17 cash dividends from its listing in 2003 to the end of 2020, with a cumulative cash dividend of 3 billion yuan.
A piece of traditional Chinese medicine is sold at a sky-high price, and the market is swept away. Who is behind this wave of hype?
Some netizens commented: “Buying out the medicines caused supply to exceed demand, high performance, and stock prices went up in a chain.”
Editor in charge: Jingxin Source: Look at China
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