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l8698l
2021-06-27

A single grain breaks through a thousand! Who is behind the skyrocketing "miracle medicine" Pien Tze Huang?

片仔癀价格上涨的一部分原因是原材料资源的稀缺导致采购成本较高，人工成本也在逐年上涨。此外，片仔癀在南方部分地区，被当做礼品。而随着价格的抬升，片仔癀甚至被看作一种投资品，导致黄牛入场，恶意囤积，高价卖

A single grain breaks through a thousand! Who is behind the skyrocketing "miracle medicine" Pien Tze Huang?

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":124510045,"tweetId":"124510045","gmtCreate":1624771638487,"gmtModify":1703844913080,"author":{"id":3582004291158437,"idStr":"3582004291158437","authorId":3582004291158437,"authorIdStr":"3582004291158437","name":"l8698l","avatar":"https://static.tigerbbs.com/7e653fb0e35a6967e8ad5601b7b2d10d","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>?</body></html>","htmlText":"<html><head></head><body>?</body></html>","text":"?","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/124510045","repostId":1179952781,"repostType":4,"repost":{"id":"1179952781","kind":"news","pubTimestamp":1624762340,"share":"https://ttm.financial/m/news/1179952781?lang=en_US&edition=fundamental","pubTime":"2021-06-27 10:52","market":"sh","language":"zh","title":"A single grain breaks through a thousand! Who is behind the skyrocketing \"miracle medicine\" Pien Tze Huang?","url":"https://stock-news.laohu8.com/highlight/detail?id=1179952781","media":"雷达财经","summary":"片仔癀价格上涨的一部分原因是原材料资源的稀缺导致采购成本较高，人工成本也在逐年上涨。此外，片仔癀在南方部分地区，被当做礼品。而随着价格的抬升，片仔癀甚至被看作一种投资品，导致黄牛入场，恶意囤积，高价卖","content":"Part of the reason for the price increase of Pien Tze Huang is that the scarcity of raw material resources leads to higher procurement costs, and labor costs are also rising year by year. In addition, Pien Tze Huang is used as a gift in some parts of the south. As the price rises, Pien Tze Huang is even regarded as an investment product, which leads scalpers to enter the market, maliciously hoard, and sell at high prices, further pushing up the price. Queuing for purchase restrictions, out of stock... Recently, Moutai and the \"magic medicine\" Pien Tze Huang have gone crazy, even exceeding 1,000 yuan per pill on some e-commerce platforms.At the same time, Pien Tze Huang's stock price soared, rising from 240 yuan/share to 428.5 yuan/share within three months, an increase of nearly 80%. At present, the company's market value is nearly 260 billion, and its P/E reaches 114.33 times, far exceeding the industry average.Is the curative effect of Pien Tze Huang so amazing? Some experts in the medical industry said that Pien Tze Huang is a prescription drug, which has the effect of clearing away damp-heat in the liver and gallbladder, and has a certain effect on liver diseases. It is not used a lot clinically, and doctors don't often use it.Radar Finance combed and found that the price of Pien Tze Huang has risen sharply, driven by multiple reasons. Part of the reason for the price increase of Pien Tze Huang is that the scarcity of raw material resources leads to higher procurement costs, and labor costs are also rising year by year. In addition, Pien Tze Huang is used as a gift in some parts of the south. As the price rises, Pien Tze Huang is even regarded as an investment product, which leads scalpers to enter the market, maliciously hoard, and sell at high prices, further pushing up the price.It's hard to find a drug offline, and the online price exceeds 1,000Recently, many consumers have reported that it is hard to find a drug when buying Pien Tze Huang in offline pharmacies. By making an appointment in advance, queuing up offline, and purchasing in limited quantities, Pien Tze Huang has suddenly become a hot sweet cake in the current market. According to the Baidu search index, searches related to Pien Tze Huang have also skyrocketed recently, and Pien Tze Huang has been in the limelight for a while.<img src=\"https://static.tigerbbs.com/f9410040e114f1d02c968b98dd3896b4\" tg-width=\"1080\" tg-height=\"367\" referrerpolicy=\"no-referrer\">It is understood that although there are medicines, cosmetics, daily chemicals, medical devices, health food and other products under the name of Pien Tze Huang, its core products are mainly Pien Tze Huang series products, including Pien Tze Huang, Pien Tze Huang capsules, compound Pien Tze Huang lozenges, compound Pien Tze Huang ointment, compound Pien Tze Huang hemorrhoid ointment, etc. At present, it is difficult to buy Pien Tze Huang and Pien Tze Huang capsules, and the market sales of other Pien Tze Huang products are still normal.Radar Finance learned on some e-commerce platforms that there are currently not many stores with Pien Tze Huang and Pien Tze Huang capsule drugs on the shelves. The prices of Pien Tze Huang in stores where you can place orders are basically more than 900 yuan, and some even reach sky-high prices of more than 1,450 yuan. Online platforms are either out of stock or prices are soaring.<img src=\"https://static.tigerbbs.com/32d788078ae43348210859c4fe2e8c7d\" tg-width=\"1080\" tg-height=\"1036\" referrerpolicy=\"no-referrer\">Offline, the main modes of Pien Tze Huang's domestic sales are OTC sales and cinema sales, of which OTC sales are the main ones. The OTC sales model mainly includes Pien Tze Huang Experience Center, regional distribution and retail pharmacies, etc. At present, it is indeed difficult to buy Pien Tze Huang in many offline pharmacies across the country. If consumers want to buy Pien Tze Huang, they need to queue up in advance to verify their identity information, and each person is limited to 2 capsules.When asked whether there is a limited purchase plan, the pharmacy clerk said that there are more customers buying at present, and the medicines are tight. In order to prevent scalpers from maliciously hoarding and disrupting the market, customers who buy medicines are required to show their identity certificates and prescriptions, and generally need to make an appointment one day in advance.Insiders of Pien Tze Huang also said that this medicine was not as difficult to buy before as it is now, and a large number of purchases occurred a few months ago. In order to prevent scalpers from disrupting the market, the strategy of making an appointment, showing identity certificate and limiting the limit was adopted. The official has never raised prices, and the price increase behavior should be done by scalpers.Is Pien Tze Huang really that amazing?What exactly is Pien Tze Huang? According to Baidu Encyclopedia, Pien Tze Huang has the title of \"National Treasure and Famous Medicine\". It was originally the secret recipe of the imperial doctor in the Ming Dynasty. Later, the imperial doctor became a monk and came to Pushan Temple in Zhangzhou, southern Fujian as a monk. According to the secret recipe of the palace, he developed a special medicine for reducing Huang and swelling. Zhangzhou dialect in Fujian Province collectively refers to all inflammation as \"Huang\". The shape of the medicine is strip-shaped. When used, cut into a thin slice and take it orally or externally, and it will take effect in a short time, hence the name \"Pien Tze Huang\".Pien Tze Huang is a ready-for-use traditional Chinese medicine. It is a heat-clearing agent. It has the effects of clearing away heat and detoxifying, cooling blood and removing blood stasis, reducing swelling and relieving pain. It is often used for acute and chronic viral hepatitis caused by heat and blood stasis, carbuncle and furuncle, unknown swelling and poison, bruises and various inflammations.But even so, there are many drugs for these diseases on the market, and is Pien Tze Huang, whose value has skyrocketed, really that magical? Is it market hype or does it work miraculously?According to the data, the shape of Pien Tze Huang is a flat elliptical block with an elliptical ring on the block. The surface is brown-yellow or taupe-brown, with dense fine lines and mildew spots. It is hard and difficult to break. The broken surface is slightly rough, tan, uniform in color, and occasionally a small amount of mycelium is seen. The powder is brown yellow or light brown yellow, slightly fragrant, bitter and slightly sweet. The prescription and technology of Pien Tze Huang brand Pien Tze Huang are national top secrets, and it is a national first-class protected variety of traditional Chinese medicine.Pien Tze Huang weighs 3 grams per capsule and 0.3 grams per capsule. Oral use, 0.6 grams at a time, 0.15-0.3 grams at a time for children under eight years old, 2-3 times a day, grind the powder for external use, mix well with cold boiled water or a little vinegar and apply it to the affected area (ulcers can apply it around the affected area). Several times a day, always keep it moist, or follow the doctor's advice; Capsules are packed in 2 capsules at a time, and children aged one to five take 1 capsule at a time, 3 times a day.According to the evaluation of a Tmall pharmacy store page selling Pien Tze Huang, most consumers have favorable reviews of Pien Tze Huang capsule drugs. The main point of complaints is that the drugs are difficult to buy, and they have to rely on snapping up or luck.<img src=\"https://static.tigerbbs.com/39699fc108640e3a3e74c254cda99336\" tg-width=\"558\" tg-height=\"1600\" referrerpolicy=\"no-referrer\">Experts say that Pien Tze Huang is a prescription drug, which has the effect of clearing away damp-heat in the liver and gallbladder, and has a certain effect on liver disease. It is not used a lot clinically, and doctors don't often use it. It should be noted that during Pien Tze Huang's medication, spicy and greasy food should be avoided. Those who have no improvement in symptoms after 3 days of taking the medicine, or are accompanied by systemic symptoms such as aversion to cold and fever during taking the medicine, should go to the hospital for treatment. Do not collide or squeeze local lesions. Local lesions are reddened, swollen, heat and pain, and those who have multiple pus heads at the beginning of the sore should go to the hospital for treatment; It is forbidden to use the drug when the properties of the drug change; Children must be used under the supervision of an adult; If you are taking other drugs, please consult your physician or pharmacist before using this product; In addition, pregnant women should not take Pien Tze Huang, and athletes should use it with caution.Why did it soar? Scarcity of medicinal materials + investment appreciation + scalper speculationOn January 20, 2020, Pien Tze Huang Company announced that the domestic market retail price of the company's leading product Pien Tze Huang lozenges will be raised from 530 yuan/tablet to 590 yuan/tablet, and the supply price will be raised by about 40 yuan/tablet accordingly. It is reported that this is the 15th price increase of Pien Tze Huang since 2005, with the price rising from 125 yuan/piece to 590 yuan/piece, an increase of nearly 4 times.Why is Pien Tze Huang so expensive? According to industry sources, a large part of the reason for the price increase of Pien Tze Huang is that the scarcity of raw material resources leads to higher procurement costs, and labor costs are also rising year by year.The important ingredients involved in Pien Tze Huang drugs include musk, bezoar, snake bile, and Panax notoginseng. Among them, except for musk and snake bile, which are purchased in strict accordance with relevant state regulations, bezoar and Panax notoginseng can be purchased through market channels, and the purchase price follows the market. Therefore, a large part of the cost of Pien Tze Huang depends on the purchase price of Chinese herbal medicines.<img src=\"https://static.tigerbbs.com/2ffc9f225b2201bb43e4936dd64162c0\" tg-width=\"600\" tg-height=\"136\" referrerpolicy=\"no-referrer\">Among them, musk comes from musk deer, a first-class protected animal in China, while the market price of natural musk ranges from 200 yuan to several hundred yuan per gram. The purchase of musk needs to be approved by the national forestry authority. After the forestry authority approves the quantity, the price will be negotiated by the buyer and the seller according to the supply and demand situation. In recent years, the price of natural musk has slowly increased. In 2020, the price of musk has basically remained stable but increased slightly.Secondly, bezoar, the supply of bezoar is easily affected by the supply of origin and market demand. In 2020, bezoar prices continued to rise. Musk and bezoar account for a small proportion in the content of Pien Tze Huang, but the total cost of the two accounts for more than 90% of Pien Tze Huang.As for snake gallbladder, it is necessary to organize the purchase according to the relevant regulations of the state, and the price is negotiated by the buyer and the seller according to the supply and demand situation. In 2020, the price of snake bile increased slightly.In order to ensure the quality of Panax notoginseng raw materials and the stable supply source, the company cooperated with local enterprises in Wenshan, Yunnan Province to build a standardized and standardized Panax notoginseng planting base. The company made fixed-point purchases from the base at market prices according to the demand for production raw materials. In 2020, the price of Panax notoginseng with the same specification dropped slightly.In 2020, the price fluctuation of important medicinal materials will have a certain impact on the cost of Pien Tze Huang series products. In the long run, the prices of musk, bezoar and snake bile are on the rise, which will put upward pressure on the cost of Pien Tze Huang series products in the future. In order to reasonably control costs, the company will adopt the method of arranging in advance and continuously paying attention to the market conditions of major varieties or important medicinal materials, and increase procurement reserves in a timely manner to control costs to the maximum extent.Some people in the industry told Radar Finance that the price increase of Pien Tze Huang is not only due to the increase in cost, but also because Pien Tze Huang is considered by many people to be a life-saving magic medicine and used as a gift. After Pien Tze Huang gradually raised prices, some people thought that investing in Pien Tze Huang would make a stable profit without losing money. Pien Tze Huang had financial attributes, which triggered scalpers to enter the market and the price skyrocketed.The stock price of the company behind it soared, and P/E far surpassed its peersAccording to Tianyancha data, the company behind Pien Tze Huang is Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd., which is a national technological innovation demonstration enterprise and a Chinese time-honored enterprise with pharmaceutical manufacturing and research and development as its main business. Its current market value exceeds 250 billion. In June 2003, the company's shares were successfully listed on the Shanghai Stock Exchange and became a state-controlled pharmaceutical listed company (stock code: 600436).In 2003, the company raised a total of 342 million yuan in its initial offering; In 2013, the company raised a total of 776 million yuan from the rights issue; As of the end of 2020, the company has implemented cash dividends 17 times, with a cumulative cash dividend of 2.488 billion yuan. The company's total share capital has increased from 140 million shares at the beginning of listing to 603 million shares. The company's stock market value has exceeded 100 billion yuan, and financial indicators such as return on assets (ROA) rank among the top in the pharmaceutical industry. The company has been highly recognized by domestic and foreign investors in the capital market, and the company's stock has been included in the first batch of lists of MSCI index system, as well as multiple index systems such as FTSE Russell.Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. owns 1 research institute, 35 holding subsidiaries and 7 joint-stock companies, operating 6 categories and more than 470 product series, and has established 23 scientific research, production and medicinal materials bases in 7 provinces and municipalities directly under the Central Government. The company's operations involve ready-for-use traditional Chinese medicine, biopharmaceuticals, health food, cosmetics, daily chemicals, medical devices, e-commerce, modern pharmaceutical logistics and other industries.According to the 2020 financial report released by the company, as of December 31, 2020, the company's total assets were 10.206 billion yuan, and the equity attributable to shareholders of the parent company was 7.863 billion yuan. During the reporting period, the company achieved total operating income of 6.511 billion yuan, an increase of 789 million yuan or 13.78% over the same period last year; Achieved net profit of 1.690 billion yuan, an increase of 303 million yuan or 21.85% over the same period last year. According to the official website, in 2020, Pien Tze Huang paid 870 million yuan in taxes, a year-on-year increase of 29.33%, setting a record high for the same period. According to the financial report, liver disease drugs are the main source of the company's profit; East China is the region with the best sales in China.In 2020, the company's R&D expenses were 97.5516 million yuan, a year-on-year decrease of 18.32%, and R&D investment accounted for 1.50% of operating income.Based on the current situation that Pien Tze Huang is hard to find a medicine, the stock price of Pien Tze Huang has soared in recent months, rising from 240 yuan/share to 428.5 yuan/share in three months, an increase of nearly 80%.As of now, the P/E of Pien Tze Huang's stock price is 114.33 times, and the industry average P/E is 62.99 times.Some investors believe that Pien Tze Huang is not a \"magic drug\" in essence, but an anti-inflammatory drug. If consumers \"faith is shattered\" in the future, it will have a greater impact on the performance of Pien Tze Huang, a listed company.","source":"lsy1575359225748","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A single grain breaks through a thousand! 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Who is behind the skyrocketing \"miracle medicine\" Pien Tze Huang?\n</h2>\n<h4 class=\"meta\">\n\n雷达财经2021-06-27 10:52\n\n</h4>\n</header>\n<article>\nPart of the reason for the price increase of Pien Tze Huang is that the scarcity of raw material resources leads to higher procurement costs, and labor costs are also rising year by year. In addition, Pien Tze Huang is used as a gift in some parts of the south. As the price rises, Pien Tze Huang is even regarded as an investment product, which leads scalpers to enter the market, maliciously hoard, and sell at high prices, further pushing up the price. Queuing for purchase restrictions, out of stock... Recently, Moutai and the \"magic medicine\" Pien Tze Huang have gone crazy, even exceeding 1,000 yuan per pill on some e-commerce platforms.At the same time, Pien Tze Huang's stock price soared, rising from 240 yuan/share to 428.5 yuan/share within three months, an increase of nearly 80%. At present, the company's market value is nearly 260 billion, and its P/E reaches 114.33 times, far exceeding the industry average.Is the curative effect of Pien Tze Huang so amazing? Some experts in the medical industry said that Pien Tze Huang is a prescription drug, which has the effect of clearing away damp-heat in the liver and gallbladder, and has a certain effect on liver diseases. It is not used a lot clinically, and doctors don't often use it.Radar Finance combed and found that the price of Pien Tze Huang has risen sharply, driven by multiple reasons. Part of the reason for the price increase of Pien Tze Huang is that the scarcity of raw material resources leads to higher procurement costs, and labor costs are also rising year by year. In addition, Pien Tze Huang is used as a gift in some parts of the south. As the price rises, Pien Tze Huang is even regarded as an investment product, which leads scalpers to enter the market, maliciously hoard, and sell at high prices, further pushing up the price.It's hard to find a drug offline, and the online price exceeds 1,000Recently, many consumers have reported that it is hard to find a drug when buying Pien Tze Huang in offline pharmacies. By making an appointment in advance, queuing up offline, and purchasing in limited quantities, Pien Tze Huang has suddenly become a hot sweet cake in the current market. According to the Baidu search index, searches related to Pien Tze Huang have also skyrocketed recently, and Pien Tze Huang has been in the limelight for a while.<img src=\"https://static.tigerbbs.com/f9410040e114f1d02c968b98dd3896b4\" tg-width=\"1080\" tg-height=\"367\" referrerpolicy=\"no-referrer\">It is understood that although there are medicines, cosmetics, daily chemicals, medical devices, health food and other products under the name of Pien Tze Huang, its core products are mainly Pien Tze Huang series products, including Pien Tze Huang, Pien Tze Huang capsules, compound Pien Tze Huang lozenges, compound Pien Tze Huang ointment, compound Pien Tze Huang hemorrhoid ointment, etc. At present, it is difficult to buy Pien Tze Huang and Pien Tze Huang capsules, and the market sales of other Pien Tze Huang products are still normal.Radar Finance learned on some e-commerce platforms that there are currently not many stores with Pien Tze Huang and Pien Tze Huang capsule drugs on the shelves. The prices of Pien Tze Huang in stores where you can place orders are basically more than 900 yuan, and some even reach sky-high prices of more than 1,450 yuan. Online platforms are either out of stock or prices are soaring.<img src=\"https://static.tigerbbs.com/32d788078ae43348210859c4fe2e8c7d\" tg-width=\"1080\" tg-height=\"1036\" referrerpolicy=\"no-referrer\">Offline, the main modes of Pien Tze Huang's domestic sales are OTC sales and cinema sales, of which OTC sales are the main ones. The OTC sales model mainly includes Pien Tze Huang Experience Center, regional distribution and retail pharmacies, etc. At present, it is indeed difficult to buy Pien Tze Huang in many offline pharmacies across the country. If consumers want to buy Pien Tze Huang, they need to queue up in advance to verify their identity information, and each person is limited to 2 capsules.When asked whether there is a limited purchase plan, the pharmacy clerk said that there are more customers buying at present, and the medicines are tight. In order to prevent scalpers from maliciously hoarding and disrupting the market, customers who buy medicines are required to show their identity certificates and prescriptions, and generally need to make an appointment one day in advance.Insiders of Pien Tze Huang also said that this medicine was not as difficult to buy before as it is now, and a large number of purchases occurred a few months ago. In order to prevent scalpers from disrupting the market, the strategy of making an appointment, showing identity certificate and limiting the limit was adopted. The official has never raised prices, and the price increase behavior should be done by scalpers.Is Pien Tze Huang really that amazing?What exactly is Pien Tze Huang? According to Baidu Encyclopedia, Pien Tze Huang has the title of \"National Treasure and Famous Medicine\". It was originally the secret recipe of the imperial doctor in the Ming Dynasty. Later, the imperial doctor became a monk and came to Pushan Temple in Zhangzhou, southern Fujian as a monk. According to the secret recipe of the palace, he developed a special medicine for reducing Huang and swelling. Zhangzhou dialect in Fujian Province collectively refers to all inflammation as \"Huang\". The shape of the medicine is strip-shaped. When used, cut into a thin slice and take it orally or externally, and it will take effect in a short time, hence the name \"Pien Tze Huang\".Pien Tze Huang is a ready-for-use traditional Chinese medicine. It is a heat-clearing agent. It has the effects of clearing away heat and detoxifying, cooling blood and removing blood stasis, reducing swelling and relieving pain. It is often used for acute and chronic viral hepatitis caused by heat and blood stasis, carbuncle and furuncle, unknown swelling and poison, bruises and various inflammations.But even so, there are many drugs for these diseases on the market, and is Pien Tze Huang, whose value has skyrocketed, really that magical? Is it market hype or does it work miraculously?According to the data, the shape of Pien Tze Huang is a flat elliptical block with an elliptical ring on the block. The surface is brown-yellow or taupe-brown, with dense fine lines and mildew spots. It is hard and difficult to break. The broken surface is slightly rough, tan, uniform in color, and occasionally a small amount of mycelium is seen. The powder is brown yellow or light brown yellow, slightly fragrant, bitter and slightly sweet. The prescription and technology of Pien Tze Huang brand Pien Tze Huang are national top secrets, and it is a national first-class protected variety of traditional Chinese medicine.Pien Tze Huang weighs 3 grams per capsule and 0.3 grams per capsule. Oral use, 0.6 grams at a time, 0.15-0.3 grams at a time for children under eight years old, 2-3 times a day, grind the powder for external use, mix well with cold boiled water or a little vinegar and apply it to the affected area (ulcers can apply it around the affected area). Several times a day, always keep it moist, or follow the doctor's advice; Capsules are packed in 2 capsules at a time, and children aged one to five take 1 capsule at a time, 3 times a day.According to the evaluation of a Tmall pharmacy store page selling Pien Tze Huang, most consumers have favorable reviews of Pien Tze Huang capsule drugs. The main point of complaints is that the drugs are difficult to buy, and they have to rely on snapping up or luck.<img src=\"https://static.tigerbbs.com/39699fc108640e3a3e74c254cda99336\" tg-width=\"558\" tg-height=\"1600\" referrerpolicy=\"no-referrer\">Experts say that Pien Tze Huang is a prescription drug, which has the effect of clearing away damp-heat in the liver and gallbladder, and has a certain effect on liver disease. It is not used a lot clinically, and doctors don't often use it. It should be noted that during Pien Tze Huang's medication, spicy and greasy food should be avoided. Those who have no improvement in symptoms after 3 days of taking the medicine, or are accompanied by systemic symptoms such as aversion to cold and fever during taking the medicine, should go to the hospital for treatment. Do not collide or squeeze local lesions. Local lesions are reddened, swollen, heat and pain, and those who have multiple pus heads at the beginning of the sore should go to the hospital for treatment; It is forbidden to use the drug when the properties of the drug change; Children must be used under the supervision of an adult; If you are taking other drugs, please consult your physician or pharmacist before using this product; In addition, pregnant women should not take Pien Tze Huang, and athletes should use it with caution.Why did it soar? Scarcity of medicinal materials + investment appreciation + scalper speculationOn January 20, 2020, Pien Tze Huang Company announced that the domestic market retail price of the company's leading product Pien Tze Huang lozenges will be raised from 530 yuan/tablet to 590 yuan/tablet, and the supply price will be raised by about 40 yuan/tablet accordingly. It is reported that this is the 15th price increase of Pien Tze Huang since 2005, with the price rising from 125 yuan/piece to 590 yuan/piece, an increase of nearly 4 times.Why is Pien Tze Huang so expensive? According to industry sources, a large part of the reason for the price increase of Pien Tze Huang is that the scarcity of raw material resources leads to higher procurement costs, and labor costs are also rising year by year.The important ingredients involved in Pien Tze Huang drugs include musk, bezoar, snake bile, and Panax notoginseng. Among them, except for musk and snake bile, which are purchased in strict accordance with relevant state regulations, bezoar and Panax notoginseng can be purchased through market channels, and the purchase price follows the market. Therefore, a large part of the cost of Pien Tze Huang depends on the purchase price of Chinese herbal medicines.<img src=\"https://static.tigerbbs.com/2ffc9f225b2201bb43e4936dd64162c0\" tg-width=\"600\" tg-height=\"136\" referrerpolicy=\"no-referrer\">Among them, musk comes from musk deer, a first-class protected animal in China, while the market price of natural musk ranges from 200 yuan to several hundred yuan per gram. The purchase of musk needs to be approved by the national forestry authority. After the forestry authority approves the quantity, the price will be negotiated by the buyer and the seller according to the supply and demand situation. In recent years, the price of natural musk has slowly increased. In 2020, the price of musk has basically remained stable but increased slightly.Secondly, bezoar, the supply of bezoar is easily affected by the supply of origin and market demand. In 2020, bezoar prices continued to rise. Musk and bezoar account for a small proportion in the content of Pien Tze Huang, but the total cost of the two accounts for more than 90% of Pien Tze Huang.As for snake gallbladder, it is necessary to organize the purchase according to the relevant regulations of the state, and the price is negotiated by the buyer and the seller according to the supply and demand situation. In 2020, the price of snake bile increased slightly.In order to ensure the quality of Panax notoginseng raw materials and the stable supply source, the company cooperated with local enterprises in Wenshan, Yunnan Province to build a standardized and standardized Panax notoginseng planting base. The company made fixed-point purchases from the base at market prices according to the demand for production raw materials. In 2020, the price of Panax notoginseng with the same specification dropped slightly.In 2020, the price fluctuation of important medicinal materials will have a certain impact on the cost of Pien Tze Huang series products. In the long run, the prices of musk, bezoar and snake bile are on the rise, which will put upward pressure on the cost of Pien Tze Huang series products in the future. In order to reasonably control costs, the company will adopt the method of arranging in advance and continuously paying attention to the market conditions of major varieties or important medicinal materials, and increase procurement reserves in a timely manner to control costs to the maximum extent.Some people in the industry told Radar Finance that the price increase of Pien Tze Huang is not only due to the increase in cost, but also because Pien Tze Huang is considered by many people to be a life-saving magic medicine and used as a gift. After Pien Tze Huang gradually raised prices, some people thought that investing in Pien Tze Huang would make a stable profit without losing money. Pien Tze Huang had financial attributes, which triggered scalpers to enter the market and the price skyrocketed.The stock price of the company behind it soared, and P/E far surpassed its peersAccording to Tianyancha data, the company behind Pien Tze Huang is Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd., which is a national technological innovation demonstration enterprise and a Chinese time-honored enterprise with pharmaceutical manufacturing and research and development as its main business. Its current market value exceeds 250 billion. In June 2003, the company's shares were successfully listed on the Shanghai Stock Exchange and became a state-controlled pharmaceutical listed company (stock code: 600436).In 2003, the company raised a total of 342 million yuan in its initial offering; In 2013, the company raised a total of 776 million yuan from the rights issue; As of the end of 2020, the company has implemented cash dividends 17 times, with a cumulative cash dividend of 2.488 billion yuan. The company's total share capital has increased from 140 million shares at the beginning of listing to 603 million shares. The company's stock market value has exceeded 100 billion yuan, and financial indicators such as return on assets (ROA) rank among the top in the pharmaceutical industry. The company has been highly recognized by domestic and foreign investors in the capital market, and the company's stock has been included in the first batch of lists of MSCI index system, as well as multiple index systems such as FTSE Russell.Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. owns 1 research institute, 35 holding subsidiaries and 7 joint-stock companies, operating 6 categories and more than 470 product series, and has established 23 scientific research, production and medicinal materials bases in 7 provinces and municipalities directly under the Central Government. The company's operations involve ready-for-use traditional Chinese medicine, biopharmaceuticals, health food, cosmetics, daily chemicals, medical devices, e-commerce, modern pharmaceutical logistics and other industries.According to the 2020 financial report released by the company, as of December 31, 2020, the company's total assets were 10.206 billion yuan, and the equity attributable to shareholders of the parent company was 7.863 billion yuan. During the reporting period, the company achieved total operating income of 6.511 billion yuan, an increase of 789 million yuan or 13.78% over the same period last year; Achieved net profit of 1.690 billion yuan, an increase of 303 million yuan or 21.85% over the same period last year. According to the official website, in 2020, Pien Tze Huang paid 870 million yuan in taxes, a year-on-year increase of 29.33%, setting a record high for the same period. According to the financial report, liver disease drugs are the main source of the company's profit; East China is the region with the best sales in China.In 2020, the company's R&D expenses were 97.5516 million yuan, a year-on-year decrease of 18.32%, and R&D investment accounted for 1.50% of operating income.Based on the current situation that Pien Tze Huang is hard to find a medicine, the stock price of Pien Tze Huang has soared in recent months, rising from 240 yuan/share to 428.5 yuan/share in three months, an increase of nearly 80%.As of now, the P/E of Pien Tze Huang's stock price is 114.33 times, and the industry average P/E is 62.99 times.Some investors believe that Pien Tze Huang is not a \"magic drug\" in essence, but an anti-inflammatory drug. If consumers \"faith is shattered\" in the future, it will have a greater impact on the performance of Pien Tze Huang, a listed company.\n<div class=\"bt-text\">\n\n\n source：<a href=\"https://mp.weixin.qq.com/s/RgdwNmGU2JBO70F0hp8uGQ\">雷达财经</a>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0de1778ccffaf9bad566630672035f17","relate_stocks":{"600436":"片仔癀"},"source_url":"https://mp.weixin.qq.com/s/RgdwNmGU2JBO70F0hp8uGQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179952781","content_text":"片仔癀价格上涨的一部分原因是原材料资源的稀缺导致采购成本较高，人工成本也在逐年上涨。此外，片仔癀在南方部分地区，被当做礼品。而随着价格的抬升，片仔癀甚至被看作一种投资品，导致黄牛入场，恶意囤积，高价卖出，进一步推动价格上涨。\n\n排队限购、断货……近段时间内，药中茅台、“神药”片仔癀涨疯了，甚至在一些电商平台单粒破千元。\n与此同时，片仔癀股价大涨，三个月内从240元/股涨至428.5元/股，涨幅近80%。目前，公司市值近2600亿，市盈率达114.33倍，远超行业平均水平。\n片仔癀疗效真这么神奇？有医疗行业专家表示，片仔癀为处方药，有清利肝胆湿热的功效，对肝病有一定作用。临床上使用并不很多，医生并非经常用到。\n雷达财经梳理发现，片仔癀价格大涨，受到多重原因推动。片仔癀价格上涨的一部分原因是原材料资源的稀缺导致采购成本较高，人工成本也在逐年上涨。此外，片仔癀在南方部分地区，被当做礼品。而随着价格的抬升，片仔癀甚至被看作一种投资品，导致黄牛入场，恶意囤积，高价卖出，进一步推动价格上涨。\n线下一药难求 线上价格破千\n近日，许多消费者反映线下药店买片仔癀出现一药难求的情况，提前预约、线下排队、限量购买，片仔癀一下子成了当下市场上炙手可热的香饽饽。根据百度搜索指数显示，近期片仔癀相关的搜索也出现暴涨，一时间片仔癀风头无两。\n\n据了解，片仔癀名下虽然有药品、化妆品、日化用品、医疗器械、健康食品等产品，但其核心产品主要是片仔癀系列产品，包括片仔癀、片仔癀胶囊、复方片仔癀含片、复方片仔癀软膏、复方片仔癀痔疮膏等。当前比较难买的是片仔癀和片仔癀胶囊，片仔癀其余产品的市场销售情况还属正常。\n雷达财经在一些电商平台上了解到，目前上架片仔癀及片仔癀胶囊药品的店铺不是特别多，能下单购买的店铺片仔癀的价格基本都在900元以上，有的甚至达到了1450元以上的天价。线上平台要么是没货，要么就是价格飞涨。\n\n而在线下，片仔癀在国内销售的主要模式为OTC销售和院线销售，其中以OTC 销售为主。OTC销售模式主要包括片仔癀体验馆、区域经销及零售药店等。目前，全国多地线下药店确实存在很难买到片仔癀的情况。消费者若想购买片仔癀，需要提前排队，验证身份信息，并且每人限购2粒。\n药店店员在被问及是否有限购方案时，表示目前购买的顾客比较多，药品比较紧张，为了防止黄牛恶意囤积扰乱市场，所以要求购买药品的顾客出示身份证明和处方，并且一般需要提前一天预约。\n片仔癀方内部人员还称之前这个药并不像现在这样难买，几个月前出现大量购买的情况。为了防止黄牛扰乱市场，这才采取预约、出示身份证明、限期限量的策略，官方从来没有进行过涨价，涨价行为应是黄牛所为。\n片仔癀真的那么神？\n片仔癀到底是什么？百度百科资料显示，片仔癀有着“国宝名药”的称号。它原是明朝太医的秘方，后太医出家，来到闽南漳州璞山寺当和尚。他根据宫廷秘方研制出一种特效退癀、消肿的良药，福建漳州方言把一切炎症统称“癀”。该药外形呈条索状，使用时，切一薄片内服或外敷，片刻见效，故而得名“片仔癀”。\n片仔癀是一种中成药，为清热剂，具有清热解毒、凉血化瘀，消肿止痛之功效，常用于热毒血瘀所致急慢性病毒性肝炎，痈疽疔疮，无名肿毒，跌打损伤及各种炎症。\n可即便如此，市面上针对这些病症的药物也有不少，而身价暴涨的片仔癀真的有那么神奇么？是市场炒作还是确有奇效？\n资料显示，片仔癀形状为类扁椭圆形块状，块上有一椭圆环。表面棕黄色或灰褐色，有密细纹，可见霉斑。质坚硬，难折断。折断面微粗糙，呈棕褐色，色泽均匀，偶见少量菌丝体。粉末呈棕黄色或淡棕黄色，气微香，味苦、微甘。片仔癀牌片仔癀的处方、工艺均属国家绝密级秘密，是国家一级中药保护品种。\n片仔癀每粒重3克，胶囊装每粒0.3克。口服使用，一次0.6克，八岁以下儿童一次0.15~0.3克，一日2~3次，外用研末用冷开水或食醋少许调匀涂在患处(溃疡者可在患处周围涂敷之)。一日数次，常保持湿润，或遵医嘱；胶囊装一次2粒，一至五岁儿童一次1粒，一日3次。\n据一家销售片仔癀的天猫药房店铺页面评价显示，大多数消费者对于片仔癀胶囊药品的评价好评居多，吐槽较多的点主要在于药比较难买，得靠抢购或者运气。\n\n专家表示片仔癀为处方药，有清利肝胆湿热的功效，对肝病有一定作用。临床上使用并不很多，医生并非经常用到。需要注意的是，片仔癀服药期间，忌食辛辣、油腻食物。服用3天后症状无改善，或服药期间伴有恶寒发热等全身症状者，应到医院就诊。对局部病变切忌碰撞、挤压。局部病灶红肿热痛反应剧烈，初起疮顶即有多个脓头者均应到医院就诊；药品性状发生改变时禁止使用；儿童必须在成人的监护下使用；如正在服其他药品，使用本品前请咨询医师或药师；另外，片仔癀孕妇忌服，运动员慎用。\n为何大涨？药材稀缺+投资增值+黄牛炒作\n2020年1月20日，片仔癀公司曾发布公告称，将公司主导产品片仔癀锭剂国内市场零售价格将从530元/粒上调到590元/粒，供应价格相应上调约40元/粒。据悉，这是2005年以来片仔癀第15次涨价，价格从125元/粒涨到590元/粒，涨幅近4倍。\n片仔癀凭什么卖这么贵？据行业人士透露，片仔癀价格上涨的很大一部分原因是原材料资源的稀缺导致采购成本较高，另外人工成本也在逐年上涨。\n片仔癀药物涉及的重要成分包括麝香、牛黄、蛇胆、三七。其中，除麝香、蛇胆严格按国家有关规定组织采购外，牛黄、三七可通过市场渠道进行采购，采购价格随行就市。所以片仔癀的成本很大一部分取决于中药材的采购价格。\n\n其中，麝香来自我国一级保护动物麝，而天然麝香的市场价格在每克200元至几百元不等。麝香的采购需获得国家林业主管部门的核准，林业主管部门核准数量以后，价格由买卖双方根据供需情况自行协商。近年来天然麝香价格缓慢上升，2020年麝香价格基本保持稳定但略有上涨。\n其次是牛黄，牛黄供应容易受到产地供给与市场需求的影响。2020年，牛黄价格呈持续上涨趋势。麝香和牛黄在片仔癀的含量上占的比例不多，但二者合计成本的占比却达到了片仔癀的90%以上。\n蛇胆方面，需按国家有关规定组织采购，价格由买卖双方根据供需情况自行协商。2020年，蛇胆价格略有上涨。\n为了保证三七原料质量及供应来源稳定，公司在云南文山与当地企业合作共建标准化、规范化三七种植基地，公司根据生产原料需求按市场价格向基地进行定点采购。2020年，同等规格的三七价格略有下降。\n2020年，重要药材品种价格的波动对片仔癀系列产品的成本产生一定的影响。从长期看，麝香、牛黄及蛇胆的价格呈上涨趋势，未来将对片仔癀系列产品成本产生上升压力。为合理控制成本，公司将采取提前布局、持续关注主要大品种或重要药材市场行情的方式，适时加大采购储备，以最大限度控制成本。\n有行业人士向雷达财经表示，片仔癀涨价，除了成本提高，还因为片仔癀被许多人认为是救命神药，并被当作送礼礼品。而片仔癀逐步提价后，一些人认为投资片仔癀稳赚不赔，片仔癀具备金融属性，引发黄牛进场，价格暴涨。\n背后公司股价大涨，市盈率远超同行\n天眼查资料显示，片仔癀背后的公司是漳州片仔癀药业股份有限公司，该公司是以医药制造、研发为主业的国家技术创新示范企业、中华老字号企业，现市值超2500亿。2003年6月，公司股票于上交所成功上市，成为国有控股医药类上市公司(股票代码：600436)。\n2003年，公司首发募集资金总额3.42亿元；2013年，公司配股募集资金总额7.76亿元；截至2020年末，公司已实施现金分红累计17次，累计现金分红24.88亿元。公司的总股本从上市初的1.40亿股增加至6.03亿股，公司股票市值已超千亿元，资产回报率（ROA）等财务指标位居医药行业前列。公司在资本市场上得到境内外投资者的高度认可，公司股票被纳入到明晟（MSCI）指数体系的首批名单之中，以及富时罗素（FTSE Russell）等多个指数体系。\n漳州片仔癀药业股份有限公司旗下拥有1家研究院、35家控股子公司、7家参股公司，经营6大品类、470多个产品系列，在全国7个省、直辖市建立23个科研、生产和药材基地。公司经营涉及中成药、生物制药、保健食品、化妆品、日化品、医疗器械、电子商务、现代医药物流等行业。\n根据公司发布的2020年财报显示，截至2020年12月31日，公司总资产为102.06亿元，归属母公司股东权益为78.63亿元。报告期内，公司实现营业总收入65.11亿元，比上年同期增加7.89亿元，同比增长13.78%；实现净利润16.90亿元，比上年同期增加3.03亿元，同比增长21.85%。据官网显示，2020年片仔癀上缴税收8.7亿元，同比增长29.33%，再创同期历史新高。据财报显示，肝病用药是公司盈利的主要来源；华东地区是国内销量最好的地区。\n2020年，公司研发费用 9755.16万元，同比下降18.32%，研发投入占营业收入比例为1.50%。\n基于片仔癀一药难求的现状，近几个月片仔癀股价大涨，三个月内从240元/股涨至428.5元/股，涨幅近80%。\n截至目前，片仔癀股价市盈率为114.33倍，行业平均市盈率为62.99倍。\n有投资者认为，片仔癀本质上并非“神药”，而是消炎药，如果将来消费者“信仰破灭”，将对上市公司片仔癀业绩产生较大影响。","news_type":1,"symbols_score_info":{"600436":0.9}},"isVote":1,"tweetType":1,"viewCount":1305,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}