Apeloa Pharmaceutical Co. Ltd. Class A

Apeloa Pharmaceutical Co. Ltd. Class A

SSZSE:000739
19.68
CNY
-1.20
(-5.75%)
19.30BMarket Cap
Mar 05Next Earn
2013 Y
2014 Y
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
4.84
3.94
3.75
4.18
4.83
5.41
6.12
6.69
7.59
8.98
9.81
10.33
8.48
- -
Basic EPS, GAAP
0.21
0.3
0.18
0.23
0.22
0.31
0.47
0.69
0.81
0.84
0.9
0.89
0.77
- -
Free Cash Flow per Basic Share
-0.39
0.23
-0.01
-0.13
0.04
0.64
1.13
0.63
-0.08
0.7
0.34
0.64
0.72
- -
Dividend per Share
0.09
0.08
0.14
0.11
0.12
0.1
0.12
0.17
0.26
0.31
0.33
0.35
0.72
0.25
Book Value per Share
1.69
2.01
2.11
2.28
2.59
2.84
3.2
3.73
4.29
4.68
5.28
5.77
5.47
5.67
Tangible Book Value per Share
1.23
1.57
1.67
1.87
2.22
2.51
2.9
3.42
3.95
4.34
4.99
5.48
5.15
5.34
Basic Weighted Avg Shares
797
1,074
1,157
1,143
1,150
1,179
1,178
1,179
1,179
1,174
1,169
1,163
1,153
1,145
Sales/Revenue/Turnover
3,855
4,233
4,338
4,772
5,552
6,376
7,211
7,880
8,943
10,545
11,474
12,022
9,784
- -
Operating Margin (%)
6.43
8.42
6.34
6.55
8.22
8.14
10.07
12.08
12.14
10.1
10.83
9.78
10.9
- -
Depreciation Expense
228
248
286
302
332
329
353
344
359
389
553
578
669
- -
Net Income, GAAP
167
322
208
263
257
371
553
817
956
989
1,055
1,031
891
- -
Effective Tax Rate (%)
21.75
13.39
15.7
21.6
24.45
19.83
12.68
15.03
14.23
2.26
12.4
14.33
16.46
- -
Profit Margin (%)
4.34
7.61
4.8
5.51
4.62
5.81
7.67
10.37
10.69
9.38
9.2
8.58
9.1
- -
Working Capital
-169
-152
-216
-7
433
872
1,396
2,021
2,003
1,755
2,060
2,444
2,514
2,867
LT Debt
167
172
197
180
72
72
72
- -
128
265
23
84
487
469
Total Equity
1,858
2,306
2,417
2,616
3,050
3,345
3,768
4,391
5,060
5,519
6,230
6,750
6,346
6,576
Return on Invested Capital (%)
4.91
9.14
4.92
6.16
6.18
9.46
14.09
18.72
18.24
16.45
15.76
13.92
11.38
- -
Return on Capital (%)
8.1
11.97
7.67
8.25
7.47
9.81
14.64
19.29
19.23
17.61
16.19
14.27
11.68
- -
Return on Common Equity (%)
10.65
15.72
8.82
10.45
9.06
11.59
15.56
20.02
20.22
18.71
17.99
15.91
13.62
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,069
1,131
1,063
LT Borrowings
468
459
447
LT Finance Leases
19
16
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,158
1,158
1,158
Market Capitalization
18,848
20,655
19,300

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,879
7,892
7,802
Cash, Cash Equivalents & STI
3,786
3,635
3,058
Accounts Receivable, Net
1,714
2,016
2,217
Inventories
1,602
1,389
1,629
Total Current Liabilities
5,365
5,083
4,935
Payables & Accruals
- -
- -
- -
ST Debt
1,069
1,131
1,063
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.32%
7.91%
-5.98%
Free Cash Flow
163.51%
-214.2%
11.49%
Net Income, GAAP
17.65%
2.26%
-13.62%
Sales/Revenue/Turnover
8.99%
5.27%
-18.62%
Total Cash Common Dividend
22.27%
37.75%
108.18%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,198
3,231
2,862
2,732
12,022
2025
2,730
2,714
- -
2,020
9,784
2026
2,447
2,376
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.33
0.21
0.14
0.89
2025
0.21
0.27
- -
0.17
0.77
2026
0.22
0.24
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.33
0.01
- -
0.35
2025
0.01
0.36
- -
- -
0.72
2026
0.01
0.25
- -
- -
- -

Company Description

CEO
Fang Meng Zhu
Full Time Employees
6,787
Sector
Health technology
Industry
Pharmaceuticals: major
Address
No. 333, Jiangnan Road Jinhua ZH China 322118
IPO Date
May 9, 1997
Website
apeloa.com
Business
Apeloa Pharmaceutical Co., Ltd., founded in 1989 and headquartered in Zhejiang, China, is a leading international supplier of generic active pharmaceutical ingredients (APIs) and a provider of comprehensive pharmaceutical manufacturing solutions. The company specializes in manufacturing APIs through chemical synthesis and biosynthesis, with a diverse product portfolio covering major therapeutic areas including anti-infectives, cardiovascular, oncology, central nervous system, traditional Chinese medicine, blood and blood-forming organs, respiratory, alimentary tract and metabolism, and musculo-skeletal systems. Apeloa's core products include Cefixime series, Metoprolol Succinate Extended-Release Tablets, Bupropion HCL XL Tablets, Ubenimex Capsules, Flucloxacillin Sodium for Injection, Levetiracetam Tablets, Amantadine Hydrochloride Tablets, Levofloxacin Tablets, and Scutellariae granules. The company also provides finished dosage forms such as immediate-release, enteric-coated, extended-release tablets, minitabs, bilayer tablets, dispersible tablets, dry suspensions, granules, solutions, small aqueous injections, and lyophilized powder injections. Its service offerings include active pharmaceutical ingredients (API), contract development and manufacturing organization (CDMO) services, finished dosage form (FDF) manufacturing, and aesthetic and care ingredients, supported by seven API manufacturing sites and two drug product sites globally. Recent strategic developments include the grand opening of the Apeloa Pharma Solutions R&D Center in Billerica, Massachusetts, in 2024, enhancing its research capabilities. The company appointed leading scientists to its advisory board and launched new API products such as Gabapentin. It successfully passed its 20th U.S. FDA inspection with a No Action Indicated (NAI) status at its subsidiary Zhejiang Apeloa Tospo Pharmaceutical Co., Ltd., reflecting strong regulatory compliance. Apeloa expanded its portfolio with FDA approvals for Amantadine Hydrochloride Tablets and Metoprolol Succinate Extended-Release Tablets in 2024. In 2025, the company’s subsidiary received China regulatory approval for antibiotics including Cefdinir Capsules and obtained registration for Levocarnitine Injection. Apeloa also announced a significant equity buyback plan worth CNY 360 million to enhance shareholder value. A strategic tie-up with Anticon Biotech was established to strengthen its CDMO business segment, focusing on advanced technology and integrated pharmaceutical solutions. Apeloa operates within the pharmaceutical industry segments of generic APIs, CDMO, finished dosage forms, and aesthetic care ingredients, serving both domestic Chinese and international pharmaceutical markets. It maintains strategic partnerships with top global pharmaceutical companies and adheres to high regulatory standards enforced by agencies including the National Medical Products Administration (NMPA) of China, the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMEA), and Japan’s Pharmaceuticals and Medical Devices Agency (PMDA). The company employs a technology-driven and compliance-focused business model with annual R&D investment exceeding 5% of revenue, aiming to deliver high-quality, affordable medicines and integrate innovative pharmaceutical manufacturing capabilities worldwide. Apeloa is a publicly traded company listed on the Shenzhen Stock Exchange under ticker 000739.SZ and is affiliated with the Hengdian Group.