Brief Introduction

Cathay Biotech is a global technology leader in synthetic biology and the use of bio-processes to produce new materials on an industrial scale. Cathay's long chain diacids are a perfect example demonstrating the potential for bio-manufacturing to commercially displace traditional chemical processes. Cathay also developed and became the first commercial producer of pentanediamine from renewable materials. Having the two key monomers to produce polyamides, Cathay also is a global innovator in the commercialization of new and unique renewable polyamides for the engineering polymer and textile markets. The series of bio-based polyamide products cover a wide range of new material with melting point from 130℃ to 315℃.

As a game-changing production technology, bio-production starts with biomass and other raw materials for biological conversion to higher value products. The nature of bio-production requires environmentally friendly and mild conditions that are inherently economical. The goal of Cathay's synthetic biology development programs is to address the excessive dependence of humans on traditionally produced chemicals as well as the subsequent environmental damage and worker safety issues associated with their production.

Cathay's headquarters and R&D are located at Zhangjiang Hi-Tech park in Shanghai and the two production sites are in Jinxiang and Wusu, P.R.China. The third production site is in construction process in Taiyuan, also in China, which will expand the capacity of current 75KT/a long chain diacids, 50KT/a pentanediamine and 100KT bio-based polyamides to much larger scale.

Company Overview

Full name Cathay Biotech Inc.
Abbreviations Cathay Biotech
Code 688065
Founded Nov 24th 2000
Listing Aug 12th 2020
Domicile Shanghai
Website https://www.cathaybiotech.com/
Email cathaybiotech_info@cathaybiotech.com
STAR Theme New Materials
CSRCSector Bio-based Material Manufacture
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 1.32 - -
R&D expenditure as a % of operating revenue 4.71% 4.92% 4.74%
Operating Revenue 1,916.20 1,757.12 1,362.69
Net Income 478.88 466.29 332.73

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 1,916.20 1,757.12 1,362.69
Operating Costs 1,061.04 991.90 768.58
Operating Income 589.06 541.07 405.84
Pretax Income 555.87 541.03 392.77
Income Tax 76.99 74.74 60.05
Net Income 478.88 466.29 332.73

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 2,706.48 1,816.52 898.92
Non-current Assets-Total 3,275.30 3,023.10 2,234.48
Total Assets 5,981.78 4,839.63 3,133.39
Liabilities
Current Liabilities-Total 1,040.08 1,508.08 798.22
Non-current Liabilities-Total 299.84 174.81 138.36
Total Liabilities 1,339.92 1,682.88 936.58
Stockholder's Equity
Share Capital 3,817.66 2,737.71 1,964.71
Retained Profits 824.20 419.03 232.10
Total Owners' Equity 4,641.86 3,156.74 2,196.81

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 359.62 -10.29 53.45
Net Cash Flows-Investing -1,206.72 -587.60 -1,000.51
Net Cash Flows-Financing 1,050.43 645.10 715.39

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Cathay Industrial Biotech Ltd. 118.00 28.32%
山西科技创新城投资开发有限公司 38.07 9.14%
山西潞安矿业(集团)有限责任公司 38.05 9.13%
天津四通陇彤缘资产管理合伙企业(有限合伙) 31.13 7.47%
HBM Healthcare Investments (Cayman) Ltd. 29.61 7.11%
无锡迪维投资合伙企业(有限合伙) 23.45 5.63%
北京华宇瑞泰股权投资合伙企业(有限合伙) 20.90 5.02%
西藏鼎建企业管理有限公司 17.68 4.24%
深圳市招银朗曜成长股权投资基金合伙企业(有限合伙) 8.86 2.13%
深圳翼龙创业投资合伙企业(有限合伙) 7.94 1.9%
30 Sep 2020

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