Fusen Pharmaceutical Co., Ltd.

Fusen Pharmaceutical Co., Ltd.

HHKEX:1652
0.79
HKD
0.00
(0.00%)
598.46MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.46
0.55
0.57
0.67
0.51
0.62
0.5
0.65
0.75
0.44
0.37
- -
Basic EPS, GAAP
0.06
0.12
0.12
0.15
0.07
0.09
0.02
-0.05
-0.05
-0.26
-0.02
- -
Free Cash Flow per Basic Share
0.05
0.19
0.16
-0.06
-0.22
0.12
-0.08
0.11
-0.14
0.08
0.1
- -
Dividend per Share
0.02
0.2
0.03
- -
0.01
- -
0.01
0.01
- -
- -
- -
- -
Book Value per Share
0.24
0.15
0.23
0.77
0.84
0.85
0.85
0.81
0.76
0.5
0.49
0.5
Tangible Book Value per Share
0.23
0.15
0.19
0.62
0.49
0.53
0.57
0.52
0.41
0.14
0.13
0.14
Basic Weighted Avg Shares
800
800
800
695
800
786
770
756
752
740
739
740
Sales/Revenue/Turnover
369
442
453
462
407
487
386
492
566
326
273
- -
Operating Margin (%)
23.03
26.26
26.84
26.75
11.39
17.3
16.72
7.85
4.96
-17.85
5.25
- -
Depreciation Expense
15
15
17
17
21
22
24
34
36
42
40
- -
Net Income, GAAP
45
95
97
102
53
70
17
-35
-36
-189
-12
- -
Effective Tax Rate (%)
19.61
16.18
16.58
17.69
18.11
20.07
30.17
- -
- -
- -
- -
- -
Profit Margin (%)
12.17
21.51
21.39
22.05
13.12
14.4
4.32
-7.04
-6.41
-57.9
-4.31
- -
Working Capital
139
-50
21
433
214
113
20
-108
-98
-314
-382
-314
LT Debt
150
29
32
90
20
20
78
- -
106
79
7
79
Total Equity
194
127
183
616
682
658
657
613
562
368
358
368
Return on Invested Capital (%)
- -
11.15
14.45
14.97
6.05
5.45
4.02
- -
- -
- -
- -
- -
Return on Capital (%)
- -
14.89
18.51
16.62
7.32
9.74
2.56
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
61.21
64.2
25.65
8.3
10.52
2.53
-5.44
-6.16
-40.46
-3.23
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
238
242
304
LT Borrowings
106
107
79
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
745
739
739
Market Capitalization
928
667
562

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
567
504
460
Cash, Cash Equivalents & STI
35
3
21
Accounts Receivable, Net
66
71
61
Inventories
162
141
134
Total Current Liabilities
665
691
774
Payables & Accruals
- -
- -
- -
ST Debt
238
242
304
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.13%
-10.5%
-2.83%
Free Cash Flow
-46.65%
-151.62%
25.05%
Net Income, GAAP
4.99%
-10.54%
-93.76%
Sales/Revenue/Turnover
-0.47%
-7.35%
-16.15%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
566
2024
- -
- -
326
2025
- -
- -
273

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.05
2024
- -
- -
-0.26
2025
- -
- -
-0.02

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Zhiming Cao
Full Time Employees
1,005
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Urban Industrial Zone Xichuan HN China
IPO Date
Jul 11, 2018
Business
Fusen Pharmaceutical Company Limited engages primarily in the research, development, manufacturing, and sale of pharmaceutical products in the People's Republic of China. Its main product portfolio includes Shuanghuanglian cold medicines such as Shuanghuanglian oral solutions and injections; Sanhuang tablets; heat-clearing and detoxicating oral solutions; nicardipine hydrochloride injections; and other proprietary Chinese medicine and chemical generic drugs. The company focuses on therapeutic areas including respiratory tract diseases, antiviral infection, cardiovascular and cerebrovascular diseases, digestion and metabolism, blood pressure and sugar regulation, tonifying and qi-regulating medicines, anti-anemia, antibacterial and anti-inflammatory treatments, gastrointestinal tract health, and expectorant cough remedies. It serves primarily the domestic Chinese market and operates through subsidiaries including Weihai Rensheng Pharmaceutical and Jiangxi Yongfeng Kangde Pharmaceutical. Founded in 2003 and headquartered in Nanyang, China, Fusen Pharmaceutical targets both traditional Chinese medicine and western medicine markets. Recent significant developments include the National Medical Products Administration of China approving the marketing launch of Enzalutamide soft capsules, developed by its wholly owned subsidiary Jiaheng (Zhuhai Hengqin) Pharmaceutical Technology Co., Ltd., for treating non-metastatic and metastatic castration-resistant prostate cancer. Additionally, its Metformin and Ertugliflozin Tablets (I) have been approved and are expected to win bids in China's 11th batch of national centralized drug procurement, enhancing its market presence in diabetes treatments. The company has also successfully included its flagship Shuanghuanglian oral liquid and injection products in the third batch of national centralized procurement of traditional Chinese medicine, covering 31 provinces nationwide, positioning it for revenue growth. In governance, Fusen Pharmaceutical saw leadership changes with the appointment of a new chairman of the Audit Committee and an independent non-executive director as of September 2025. The company forecasts launching at least 20 new products over the next three years targeting key therapeutic areas including anti-infection, cardiovascular, central nervous system, hematology, and oncology to rationalize its product and revenue structure. Fusen Pharmaceutical's operations primarily focus on pharmaceutical manufacturing and sales, encompassing both proprietary Chinese medicines and western medicines, targeting treatment of cold, fever, cardiovascular diseases, anemia, and metabolic disorders. The company maintains a strong domestic footprint with strategic development in national procurement programs and cancer therapy markets, leveraging recent regulatory approvals and bidding successes to drive future growth and diversification in its product offering.