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HAITONG SEC: The trend of moderate price reductions in the centralized procurement of Traditional Chinese Medicine varieties continues, and the domestic Pharmaceutical industry is expected to usher in a wave of mergers and acquisitions.
HAITONG SEC released a Research Report stating that the gentle trend of price reduction for Traditional Chinese Medicine varieties continues.
Hong Kong's Department of Health: To develop Hong Kong into a gateway for the internationalization of traditional Chinese medicine and Chinese herbal medicine.
Secretary for Food and Health of the Hong Kong Special Administrative Region, Dr. Constance Chan, stated that in order to promote the standardization and internationalization of traditional chinese medicine, Hong Kong aims to become a gateway for the internationalization of traditional chinese medicine.
TONGRENTANGCM: Interim Report 2024
[Brokerage Focus] China Securities Co.,Ltd. (03613) maintains a "buy" rating for Tongrentangcm, indicating that overall performance is expected to gradually recover.
China Securities Co., Ltd. issued a research report, stating that Tongrentangcm (03613) achieved revenue of 0.665 billion Hong Kong dollars in the first half of 2024, a year-on-year decrease of 18.2%, and a net income of 0.22 billion Hong Kong dollars, a year-on-year decrease of 17.4%. The company's performance is under short-term pressure, mainly due to weak retail markets in Hong Kong and Macau, weak consumer spending power of residents and tourists, and a significant decline in sales revenue. In the second half of the year, with the gradual improvement of the consumption environment in Hong Kong, stable growth in overseas markets, and continuous volume growth in the mainland market, the overall performance is expected to gradually recover. The bank is bullish on the steady recovery of the company's operation in the second half of the year.
tongrentangcm (03613) fell 25.50%, now at 7.340 yuan, hitting a 52-week low.
As of 11:47, Tongrentangcm (03613) dropped 25.50% compared to the previous closing price, currently trading at 7.340 yuan, a new 52-week low; the volume was 1.297 million shares, with a turnover of 9.5201 million Hong Kong dollars.
tongrentangcm (03613) released its interim results, with shareholders' net profit of 0.22 billion Hong Kong dollars, a decrease of 17.4% year-on-year.
tongrentangcm (03613) released its interim performance for the six months ending June 30, 2024, with the group achieving revenue...
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