The gross profit margin of kechuang board companies exceeds 50%, and the pharmaceutical industry ranks first

Jul 03, 2020

China Net Finance Daily, May 29 (Reporter Guo Medicine, Intern, Zhu Zhengxue) The establishment of the Kechuang Board has brought more opportunities for a display to many prominent R&D kechuang board enterprises. According to the iFinD statistics of Flush Huan, as of May 28, 105 companies have been listed on the kechuang Board. The average gross profit margins of these companies in 2017-2019 were 51.77%, 52.63%, and 53.49%, respectively. The trend is that competitiveness continues to increase, and in 2019, more than 100 companies have positive returns on net assets.

Median gross margin exceeds 50%

Gross profit margin is one of the important indicators to measure product competitiveness and profitability. In 2019, the average gross profit margin of 105 listed companies of kechuang board companies was 53.49%, and the median gross profit margin reached 50.32%, which was also an increase from 2018. The gross profit margin of all companies exceeds 10%, and the interest rate of 39 companies is above 60%, accounting for 37.14%.

Among them, Baolan ranked first with a gross profit margin of 96.46%, and Microchip Biotech ranked second with a gross profit margin of 95.81%. In addition, the gross profit margins of 52 companies such as Amethyst Storage, Ruichuang Weina, and Platinum are between 30%-60%. It is worth noting that the 55 companies of Kechuang Board Company Bannan New Pharma, and Pumen Technology have improved their gross profit margin in 2019 compared with 2018, and 33 of them have increased their gross profit margins from 2017 to 2019.

According to Shenwan's first-level classification, since the establishment of the kechuang board, there are 105 listed companies, mainly concentrated in 19 sub-industries, such as non-metallic minerals, pharmaceuticals, and special equipment manufacturing, including pharmaceuticals. Compared with 2018, the average gross profit margin of 12 industries including the technology service industry and food manufacturing industry has increased in 2019.

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Four of the top 10 companies in the gross profit margin of Kechuang Board are concentrated in the pharmaceutical manufacturing industry, software, and information technology services, and there are also special equipment manufacturing industries. The top 10 companies with a net return on equity are mainly concentrated in the pharmaceutical manufacturing industry, followed by the software and information technology services industry and the computer, communications, and other electronic equipment manufacturing industries.

Gross margins generally increase

In 2019, among the 19 sub-sectors of the Science and Technology Innovation Board, the pharmaceutical manufacturing industry ranked first in the industry with an average gross profit margin of 72.12%, and it has increased from 2018. Multiple policy support and planning.

Specifically, in addition to Zejing Pharmaceuticals not yet profitable, the average gross profit margin of 13 other companies in the pharmaceutical manufacturing industry can reach 77.66%, and the gross profit margins of 10 companies including Tebao Biological, Huaxi Biological, Haohai Shengke, and Borui Pharmaceutical All are concentrated in more than 70%, of which the core gross profit rate of Weixin is the highest, reaching 95.81%, which is the leading enterprise in the industry.

As shown, the average gross profit margin of the software and information technology services industry will be the second in the industry in 2019 and 2018, and 2019 will increase compared to 2018. In 2017, the "Software and Information Technology Services" Industry Development Plan (2016-2020) released by the Ministry of Industry and Information Technology provided guidance and financial support for the national software and information technology services industry, which is of great significance for promoting the development of the industry.

As of now, there are 19 listed companies in the technology board software and information technology service industries. The average gross profit margin of the industry in 2019 reached 66.04%. The gross profit margins of 11 companies such as Hongruan, Kingsoft Office, and Shanshiwangke all exceeded 60%. Among them, Baolan's gross profit margin was 96.46%.

In addition, the special equipment manufacturing industry has also achieved the average gross profit margin for two consecutive years and ranks in the forefront of the industry. Among the 22 companies listed in this industry, 12 gross profit margins are mainly concentrated in the range of 40%-70%, accounting for 54.55%. The gross profit margin of the other five companies was higher than 70%, accounting for 22.73%. Huafeng Measurement & Control, Xinmai Medical, Ruisong Technology, and other 11 companies have gross margins in 2019 exceeding 2018, and gross profit margins are in the improvement stage.