Listed company observation

  Recently, Pien Tze Huang "is hard to find a pill", and even sold one pill for 1,000 yuan in the market, and there are also reports that there are Moutai dealers behind the Pien Tze Huang transaction.

“Selling Moutai at the same time selling Pien Tze Huang does not mean irregularity and high prices.” A Moutai dealer in Guangzhou told the Guangzhou Daily omnimedia reporter: He did open the Pien Tze Huang Experience Hall, but they were all sold at a guide price of 590 yuan. The number of tablets sold every day and the price must be reported to the Food and Drug Administration.

"It's not ruled out that the'scalpers' are frying, but we did not fry ourselves." He said.

From the perspective of the industry, as a drug, it is difficult for Pien Tze Huang to increase prices all the way.

On the 28th, Pien Tze Huang's closing price was 451.45 yuan per share, an increase of 1.02%, and the total market value was 272.4 billion yuan.

  By Tu Duanyu, All Media Reporter, Guangzhou Daily

Moutai dealers sold Pien Tze Huang

  There is a view in the industry that: Pien Tze Huang's best-selling is related to the strong sales of liquor.

According to industry sources, there is indeed news that funds from the liquor industry have purchased and stocked many Pien Tze Huang products through channels, which has caused market supply to begin to be tight.

  "The consumer group of Pien Tze Huang tablets overlaps with the consumer group of Moutai." A person familiar with the matter said that several Moutai dealers have opened Pien Tze Huang experience halls. This move is not purely for transformation, but for the establishment of new businesses.

  However, some distributors told Guangzhou Daily all-media reporters: The retail price can withstand the verification of Pien Tze Huang and the China Food and Drug Administration.

  Pien Tze Huang responded recently that the company has reported to relevant departments to further strengthen supervision and investigation and has taken a series of measures to stabilize prices and guarantee supply.

Pien Tze Huang said that it will do a good job in production and supply, increase the supply to self-operated channels and mainstream chain pharmacies, and will also increase the supply of Pien Tze Huang capsules that are the same quality and effective as Pien Tze Huang tablets.

  Statistics from Southwest Securities show that from 2004 to 2020, the prices of Pien Tze Huang lozenges were raised 19 times.

From 2004 to 2020, the retail price of Pien Tze Huang rose from 325 yuan/tablet to 590 yuan/tablet, an increase of 81.54%.

From the ex-factory price point of view, the price of Pien Tze Huang tablets has been increased 10 times since 2004, from 125 yuan/tablet in 2004 to 390 yuan/tablet at the beginning of January 2020. The price increase is as high as 212%.

Pien Tze Huang's price increase all the way is difficult to continue

  "Pien Tze Huang Company should treat this matter rationally and stabilize the contradiction between supply and demand by increasing production capacity." Zhu Danpeng, an analyst in the Chinese food industry, told the Guangzhou Daily All-Media reporter that Pien Tze Huang's demand is related to its unique process and formula and overall production capacity constraints. The gap between supply and demand is large, but if investors want to use Pien Tze Huang to hoard goods for profit, there should not be much sustainability.

"Increasing the supply of Pien Tze Huang capsules will help cool the market. Although the dosage form of the capsules is different from the tablets, the efficacy is the same, which can satisfy ordinary patients. Compared with the tablets, the capsules have a shorter validity period and may be hoarded by speculation. Sex is also low.” Some insiders believe.

  Some industry observers told reporters that even though they are not within the scope of medical insurance pricing, Pien Tze Huang lozenges still belong to drugs. If the price rises all the way, it will inevitably attract the attention of the regulatory authorities. Therefore, its terminal price should be unsustainable.