Brief Introduction

Haohai is a high-tech biomedical enterprise focus on the R&D, manufacturing and marketing of biomedical materials primarily made of intraocular lens (IOL), medical sodium hyaluronate, medical chitosan and medical collagen. Meanwhile, Haohai also manufactures innovative drugs such as rhEGF that primarily utilize genetic engineering technology. These products have extensive clinical application covering four major business segments including ophthalmology, medical aesthetics and wound care, orthopedics, and general surgery.

Haohai intend to expend the portfolio of innovative, competitively positioned products through market-derived product development programs focusing on products that address rapidly growing clinical needs and selective acquisition of pharmaceutical or biomedical materials companies with a focus on products that have the potential for future commercialization and market in global market.

Since 2016, through a series of mergers and acquisitions, Haohai has extended its footprint to the whole IOL industry chain as follows: Haohai accessed the production of raw materials, mastered the R&D and production process and improved the downstream sales network. Currently, Haohai has a leading position in various business areas of biomedical materials:

In 2018, Haohai was one of the largest manufacturer in domestic IOL market at about 30% in sales volume. Meanwhile,Haohai was largest manufacturer in the ophthalmic viscoelstic device market, viscosupplementation product market and anti-adhesiton product market, with market share of 46.9%, 39.7% and 48.9%, respectively. Moreover, Haohai was the second largest manufacturer in the rhEGF market accounting for 20.4% of the market share.

In the future, Haohai will continue relying upon scientific and technological innovation to create a new engine of business, and contribute to the transformation and upgrading of domestic biomedical technology.

Company Overview

Full name Shanghai Haohai Biological Technology Co.,Ltd
Abbreviations /
Code 06826.HK/688366.SH
Founded 2007.01.24
Listing 2015.04.30/2019.10.30
Domicile No.5 Dongjing Road, Songjiang Industrial Zone, Shanghai, China
Website www.3healthcare.com
Email info@3healthcare.com
STAR Theme Biomedicine
CSRC Sector Pharmaceutical manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 2.59 2.33 1.91
R&D expenditure as a % of operating revenue 6.12% 5.64% 5.49%
Operating Revenue 1,558.45 1,354.45 861.21
Net Income 455.08 400.01 310.63

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 1,558.45 1,354.45 861.21
Operating Costs 1,117.80 943.72 521.31
Operating Income 526.54 462.32 340.97
Pretax Income 525.18 461.62 365.88
Income Tax 70.1 61.6 55.3
Net Income 455.08 400.01 310.63

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 2,292.56 2,385.23 2,487.42
Non-current Assets-Total 2,143.8 1,724.1 1,206.0
Total Assets 4,436.35 4,109.32 3,693.41
Liabilities
Current Liabilities-Total 451.32 477.76 536.16
Non-current Liabilities-Total 149.59 246.30 171.40
Total Liabilities 600.91 724.06 707.55
Stockholder's Equity
Share Capital 223.94 184.70 81.87
Retained Profits 1,681.34 1,270.39 973.56
Minority interests 223.94 184.70 81.87
Total Owners' Equity 3,835.45 3,385.26 2,985.86

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 391.29 351.26 262.61
Net Cash Flows-Investing -794.64 -156.59 -1,519.37
Net Cash Flows-Financing -85.33 -96.48 -58.42

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Jang Wei 44.45 27.77%
You Jie 28.80 17.99%
Lou Guoliang 9.50 5.94%
Shanghai Zhanze Corporate Management Partnership Enterprise (Limited Partnership) 6.47 4.04%
Hou Yongtai 6.00 3.75%
Wu Jianying 6.00 3.75%
Peng Jinhua 3.00 1.87%
Changxing Tonghao Investment Partnership (Limited Partnership) 3.00 1.87%
Tao Weidong 2.00 1.25%
Huang Ming 2.00 1.25%
Liu Yuanzhong 2.00 1.25%
30 Jun 2019

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