Reporter | Zhao Yangge
touched 149.8 yuan from the highest to the lowest reaching 22.64 yuan. During this period, there was an implementation plan of 10 shares paying 2 yuan (including tax). Yaoyigo (300937.SZ), which was listed for 1 year and 9 months, went through a long journey of market value evaporation. Yaoyigo's issue price is 12.25 yuan, and the closing price of on October 24, 2022 was 26.41 yuan.
2022 third quarter report shows that the company's operating income in the first three quarters was 2.683 billion yuan, and increased by 11.49% year-on-year, and the net profit attributable to shareholders of listed companies was 16.7779 million yuan, a year-on-year increase of 52.77%. The R&D in the first three quarters of 2022 also incurred a fee of 13.0969 million yuan, compared with zero in the same period last year. This is because the company is a newly established R&D center in the second half of 2021. The gross sales profit margin in the first three quarters remained at 7.15%.
The company's accounts receivable at the end of the period was 334 million yuan, a significant increase of 1112.31% from 27.5361 million yuan at the end of 2021. This is because the company's sales collection requires that the arrears arising from customer credit sales (regardless of maturity or not) be cleared at the end of the year, and the accounts receivable at the end of September have not yet reached the settlement period. At the end of September, the total number of shareholders of Yaoyigo was 14,400, and at the end of 2021 it was 14,800, which had little change.
looks like the performance growth in the first three quarters of 2022 is not bad, but this is based on the low base in 2021. According to historical data, Yaoyigo's net profit in the first three quarters of 2021 was 10.9828 million yuan, but the net profit in the first three quarters of 2020 was 32.4183 million yuan, and the net profit in the first three quarters of 2019 was 28.0831 million yuan.
information shows that Yaoyigo was launched on January 27, 2021 and is a comprehensive medical distribution service provider focusing on the "outside the hospital market". The company's main business covers many sectors such as pharmaceutical B2B e-commerce, digital and intelligent empowerment, pharmaceutical wholesale, decoction production, intelligent logistics, Internet medical and health services, big health investment management, etc. Yaoyigo takes Sichuan Province as its main market and has covered more than 80% of pharmaceutical chain enterprises, more than 60% of single pharmacies and more than 50% of clinics in the province, and has formed a pharmaceutical distribution system of more than 1,000 subordinate distributors. According to the semi-annual report data, the company operates about 17,000 pharmaceutical products. In terms of e-commerce, according to the data provided in the semi-annual report, the number of community Yiyao terminals and primary medical institutions covered by the company's e-commerce platform has reached 33,000. The company's e-commerce platform is a self-operated platform.
Yaoyigo's stock price is sluggish, which is also related to shareholders' reduction in holdings.
In February 2022, specific shareholders Chengdu Boyuan Xinhang Venture Capital Fund Partnership (Limited Partnership) (hereinafter referred to as "Chengdu Boyuan Xinhang") and its joint actors Sichuan Haite Airlines Venture Capital Fund Partnership (Limited Partnership) (hereinafter referred to as "Sichuan Haite Airlines"), Chengdu Boyuan Tianhong Investment Partnership (Limited Partnership) (hereinafter referred to as "Chengdu Boyuan Tianhong") disclosed a plan to reduce holdings, that is, the reduction of holdings shall not exceed 2.75948 million shares in 6 months.
In May 2022, the company's director, secretary of the board of directors and deputy general manager Hao Ruizhi and financial director Lei Qigang said that they would reduce their holdings by no more than 125,000 shares within June. It was subsequently disclosed on June 17 that the two of them reduced their holdings by 119,900 shares and 124,000 shares respectively.
In September 2022, Chengdu Boyuan Xinhua Airlines, Sichuan Haite Airlines, and Chengdu Boyuan Tianhong said that the preliminary share reduction plan expired (956,680 shares were reduced during the period), and will continue to reduce the shareholding by no more than 2.87 million shares within 6 months. Announced on September 2 that the above three still hold 6.5861 million shares of chips.
