Brief Introduction

Zhejiang Orient Gene Biotech Co., Ltd. (688298. sh), established December 2005, was listed on Sci-Tech innovation board (STAR Market)of Shanghai Stock Exchange (SSE) on February 6th, 2020. Orient Gene is a high-tech biomedical technology company registered in the city of Anji, Huzhou. With registered capital 12 billion yuan, Orient Gene specializes in the R&D, production and sales of in vitro diagnostic products. Orient Gene features an expansive and developmental product portfolio focusing on Point of Care Tests (POCT), molecular diagnostics, liquid biochips, biological raw materials and instruments. It further divides products into five key categories: Toxicology, Infectious Disease, Pregnancy and Fertility, Tumor Marker and Cardiac Marker. Among them, Toxicology and Infectious Disease tests are its core products. Orient Gene's in-house manufacturing process involves reagents and materials generated by its subsidiaries.

As one of the most internationally certified IVD companies in China, Orient Gene has an extensive customer base that covers more than 100 countries. Currently it possesses 65 trademark registrations, 95 patents, 67 CFDA product and filing certificates, 34 USFDA 510(k) clearances, 225 CE certificates, 68 Health Canada Medical Device Licenses and 4 licenses from Mexico's COFEPRIS. Among these numerous registrations, our most notable is the acquisition of the CE List A certificate for HIV and Hepatitis C (HCV) testing. Broad acknowledgement by regulatory institutions in combination with excellent product performance, align our brand with the expectations of key distribution channels such as: McKesson, Dollar Tree and other Fortune 500 companies.

Due to our efforts in academia and R&D, the statuses of ‘Provincial High-tech Enterprise Research and Development Center for IVD’ and ‘Academician expert workstation’ were granted to Orient Gene. It has been recognized by the Ministry of Science and Technology of China, Zhejiang Provincial Department of Science and Technology, Huzhou Municipal People's Government, WHO, Bill & Melinda Gates Foundation, and other institutions. Orient Gene's Malaria (pf/pan) and Malaria (pf) tests have passed the fifth and seventh rounds of evaluation by the WHO.

Orient Gene strives to remain on the forefront of in vitro diagnostic technology. In pursuit of researching the latest biological raw materials for toxicology, Orient Gene established an antigen R&D subsidiary in Canada. In conjunction with antigen research overseas, domestic antibody production in Qingdao supports our global marketplace. Orient Gene continues to invest and expand its rising strategic platforms of biological raw materials, instruments, molecular diagnosis and liquid biochip technologies. Over 30 antigens and antibodies have been developed independently, of which more than 10 have been used in Orient Gene's POCT reagents. Its instrument developer, Changjian, has launched six IVD instruments, where one of them has been commercialized and another is undergoing registration. Orient Gene's Real-Time PCR reagent kits for molecular diagnosis have four NMPA certificates, and ten have acquired a Confirmation Letter from the EU. Our latest venture, liquid biochip technology, will provide multiplexing test kits with various targets focusing on tumor markers, allergen screening and cardiac markers.

Company Overview

Full name Zhejiang Orient Gene Biotech Co., Ltd
Abbreviations Orient Biotech (Orient Gene)
Code 688298
Founded 2005-12-01
Listing 2020-02-05
Domicile Anji, Zhejiang, China
Website www.orientgene.com
Email zqb@orientgene.com
STAR Theme Biomedicine
CSRCSector Biomedicine Manufacturing(C27)
Has weighted voting rights structure? N

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.73 0.37  
R&D expenditure as a % of operating revenue 6.52% 5.49% 5.08%
Operating Revenue 285.89 million 224.24 million 182.26 million
Net Income 63.96 million 32.71 million 35.63 million

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 285.89 224.24 182.26
Operating Costs 146.75 116.33 94.62
Operating Income 75.16 37.22 40.32
Pretax Income 77.00 39.82 43.80
Income Tax 13.04 7.11 8.17
Net Income 63.96 32.71 35.63

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 243.72 179.73 168.85
Non-current Assets-Total 93.93 79.59 72.15
Total Assets 337.65 259.32 241.00
Liabilities
Current Liabilities-Total 121.26 116.50 137.08
Non-current Liabilities-Total 8.36 4.70 5.20
Total Liabilities 129.62 121.20 142.28
Stockholder's Equity
Share Capital 118.39 117.53 110.65
Retained Profits 82.64 15.96 -11.93
Minority Interests 7.00 4.63  
Total Owners' Equity 208.03 138.12 98.72

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 44.33 33.54 11.81
Net Cash Flows-Investing -18.75 -15.76 85.45
Net Cash Flows-Financing -5.72 -18.22 -28.36

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
安吉福浪莱进出口贸易有限公司 23.40 26.00%
FANGS HOLDINGS LLC 22.50 25.00%
Shanghai XiangheyongAn Equity Investment Partnership Enterprise (LP) 14.24 15.82%
安吉涌威投资合伙企业(有限合伙) 12.37 13.75%
浙江永石股权投资合伙企业(有限合伙) 8.27 9.19%
宁波梅山保税港区君澜和美股权投资合伙企业(有限合伙) 2.25 2.50%
Shanghai Yongchuanghuaxing Investment Partnership Enterprise (LP) 2.14 2.38%
杭州乘天投资管理合伙企业(有限合伙) 1.80 2.00%
安吉裕威竹制品合伙企业(有限合伙) 1.10 1.23%
Lianyungang Yongcheng Equity Investment Partnership Enterprise (LP) 1.07 1.19%
 

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