1. China Stocks

  2. •

    Health technology

  3. •

    Pharmaceuticals: major
Jiangsu Nhwa Pharmaceutical Co., Ltd. Class A

Jiangsu Nhwa Pharmaceutical Co., Ltd. Class A

SSZSE:002262
21.67
CNY
+0.29
(+1.36%)
1.08EPS
17.39P/E
19.05BMarket Cap
Oct 24Next 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
2.28
2.55
2.74
2.99
3.36
3.82
4.13
3.32
3.9
4.25
5.01
5.63
5.87
6.08
Basic EPS, GAAP
0.18
0.23
0.26
0.31
0.39
0.52
0.66
0.72
0.79
0.89
1.03
1.13
1.05
1.08
Free Cash Flow per Basic Share
0.09
-0.1
-0.01
0.17
0.28
0.23
0.14
0.97
0.49
0.53
0.63
0.46
0.64
- -
Dividend per Share
0.04
0.04
0.04
0.04
0.05
0.06
0.08
0.1
0.1
0.2
0.2
0.32
0.36
0.36
Book Value per Share
0.85
1.06
1.8
2.08
2.43
2.9
3.55
4.09
4.88
5.58
6.39
7.18
7.93
8.26
Tangible Book Value per Share
0.79
0.98
1.72
2
2.36
2.79
3.45
3.97
4.72
5.36
6.11
6.8
7.38
7.66
Basic Weighted Avg Shares
981
981
1,009
1,009
1,009
1,009
1,005
1,012
1,010
1,012
1,007
1,012
1,007
1,013
Sales/Revenue/Turnover
2,236
2,501
2,767
3,018
3,394
3,858
4,149
3,361
3,936
4,299
5,042
5,698
5,911
6,158
Operating Margin (%)
10.2
11.51
11.66
12.13
13.61
16.25
17.92
24.77
23.44
22.47
23.01
23.29
19.63
20.25
Depreciation Expense
37
44
50
51
78
80
88
97
135
149
164
182
198
- -
Net Income, GAAP
176
223
258
310
395
525
663
729
798
901
1,037
1,144
1,057
1,092
Effective Tax Rate (%)
16
15.2
15.18
15.85
15.72
14.64
14.34
14.51
12.86
11.09
11.5
12.02
10.07
11.91
Profit Margin (%)
7.88
8.93
9.34
10.26
11.63
13.6
15.99
21.68
20.27
20.95
20.57
20.07
17.89
17.73
Working Capital
450
410
1,005
1,201
1,516
1,928
2,488
2,726
3,361
3,856
4,441
4,993
5,371
5,653
LT Debt
- -
- -
- -
- -
- -
- -
- -
46
48
42
36
34
20
15
Total Equity
836
1,059
1,827
2,124
2,461
2,958
3,605
4,105
4,904
5,584
6,410
7,274
8,028
8,362
Return on Invested Capital (%)
16.48
17.03
14.06
13.18
14.55
17.18
18.77
18.27
17.19
16.43
16.89
16.74
13.84
13.48
Return on Capital (%)
19
18.99
15.78
14.7
16.59
18.16
19.75
18.65
17.39
17.32
17.11
16.59
13.76
13.62
Return on Common Equity (%)
23.21
23.74
18.08
15.84
17.35
19.4
20.16
18.82
17.64
17.09
17.2
16.65
13.77
13.64

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
48
79
57
LT Borrowings
- -
- -
- -
LT Finance Leases
20
16
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,016
1,016
1,016
Market Capitalization
24,511
22,754
19,046

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,463
6,875
6,736
Cash, Cash Equivalents & STI
4,019
4,130
3,744
Accounts Receivable, Net
1,472
1,759
1,757
Inventories
757
695
858
Total Current Liabilities
1,092
1,207
1,083
Payables & Accruals
- -
- -
- -
ST Debt
48
79
57
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16%
14.39%
10.37%
Free Cash Flow
-94.27%
-2.36%
37.53%
Net Income, GAAP
15.68%
8.04%
-7.54%
Sales/Revenue/Turnover
8.41%
12.07%
3.75%
Total Cash Common Dividend
27.66%
33.97%
13.11%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,358
1,406
1,382
1,552
5,698
2025
1,511
1,499
- -
1,440
5,911
2026
1,610
1,608
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.36
0.38
0.12
1.13
2025
0.3
0.4
- -
-0.05
1.05
2026
0.31
0.42
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.32
- -
- -
0.32
2025
- -
0.36
- -
- -
0.36
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jia Quan Sun
Full Time Employees
6,003
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Enhua Technology Building Xuzhou JS China 221009
IPO Date
Jul 24, 2008
Website
nhwa-group.com
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Business
Jiangsu Nhwa Pharmaceutical Co., Ltd. Jiangsu Nhwa Pharmaceutical Co., Ltd. (002262.SZ) engages primarily in the research, development, production, and sale of central nervous system (CNS) drugs in China. The company offers a portfolio of pharmaceutical products across key categories including anesthetic medicines such as midazolam injections, etomidate fat emulsion injections, and doxapram hydrochloride injections; psychiatric medicines such as risperidone tablets, buspirone hydrochloride tablets, zaleplon capsules, and lithium carbonate sustained-release tablets; neurological medicines such as gabapentin capsules, riluzole tablets, and triazolam tablets; other drugs including naproxen sustained-release capsules and duloxetine HCl; and active pharmaceutical ingredients (APIs) such as fenofibrate and miconazole nitrate. Founded in 1978 and headquartered in Xuzhou, China, the company operates automated production lines for tablets, capsules, water injections, and powder injections, serving markets in anesthesiology, psychiatry, and neurology while maintaining subsidiaries focused on pharmaceutical wholesale, retail, precision CNS diagnostics, and digital health platforms. In recent developments, Jiangsu Nhwa entered a strategic partnership with Teva Pharmaceutical Industries Ltd. in February 2024 to commercialize Austedo (deutetrabenazine) for treating chorea associated with Huntington's disease and tardive dyskinesia in China, enhancing patient access in neuro-psychiatric segments; the company also obtained approval for tapentadol hydrochloride tablets and reported steady revenue growth to RMB 4.47 billion in the first nine months of 2025, driven by high-barrier anesthetic products and pipeline expansions in anesthesia, analgesics, and innovative CNS therapies amid procurement stabilization.