On 30 July, 2016, By-health Co., Ltd.
(By-health, stock code: 300146), a vitamin healthcare product manufacturer,
released its financial figures for H1 2016.
-
Revenue: USD186.09 million (RMB1.23
billion), up 4.78% YoY
-
Net profit: USD54.13 million (RMB358.78
million), down 13.9% YoY
Source: Baidu
“The figures are a bit lower than we expected,” explained By-health, “In the
past 6 months, the revenue, especially sales in drugstores, grew slightly
affected by the overall economic downturn. Meanwhile, we spent more on brand promotion
and therefore the net profit fell over last year.”
By-health is engaged in the R&D, production and sale of healthcare
products, mainly vitamin and mineral dietary supplements. As of June 2016, the
company had altogether 125 Healthcare Food Approval Certificates for nutrient
supplements and health food (9 obtained in H1) and obtained 904 registered
trademarks in China (202 obtained in H1) and 78 overseas (1 obtained in H1).
Its products cover tablets, powder and capsules, among which tablets take up
the largest proportion. In H1 2016, revenue from tablets accounted for 40% of
the total, gross profit margin at 73.02%, highest among all.
By-health's Healthcare Food Approval Certificates obtained in H1
2016
|
No.
|
Product
|
Certificate No.
|
|
1
|
Vitamin B Complex
|
G20160045
|
|
2
|
Ca & Mg + Vitamin D tablet
|
G20160104
|
|
3
|
Zinc & selenium tablet
|
G20160159
|
|
4
|
Vitamin C Tablet (orange flavor)
|
G20160085
|
|
5
|
Natural β-Carotene Softgel
|
G20160087
|
|
6
|
Melatonin
|
G20160291
|
|
7
|
Colostrum Powder
|
G20160372
|
|
8
|
Multi-vitamin & Mineral Tablet for Early Pregnancy
|
G20160359
|
|
9
|
Calcium & Vitamin D Softgel
|
G20160393
|
Source: By-health Co., Ltd.
Speeding up business expansion in 2016
By-health has actively established partnership with foreign healthcare
enterprises this year. In March, Hong Kong Bai Rui Co., Ltd. (HK Bai Rui), a
wholly-owned subsidiary of By-health, signed a joint venture agreement with
NBTY Cayman Corporation, a wholly-owned subsidiary of NBTY, Inc. (NBTY, a
well-known dietary supplement manufacturer in the US).
Accordingly, NBTY will
shift its two brands, "Nature's Bounty" and "Met-Rx", and
its cross-border E-commerce platform over to the new venture. In April, the new
company, named Kangzhibao (Hongkong) Co., Ltd., finished registration and its
wholly-owned subsidiary, Kangzhibao Nutrition Bio-technology (China) Co., Ltd.,
registered in July.
Additionally, By-health started the construction of its first organic farm.
This is the third step of the company’s “three-step global development strategy
on raw materials” which aims to narrow down the gap with and differentiate
itself from foreign established brands.
In H2, the company plans to launch its “Best of the Best Nutrients” brand
upgrading strategy to further extend into new business and expand business
layout.
This article comes
from Vitamins China E-News 1608, CCM
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Tag: vitamin