The keel resources are exhausted, and the cost of raw materials for Jianmin Pharmaceuticals has greatly increased!

　　According to the 2021 annual report of Jianmin Pharmaceutical Group Co.
, Ltd.
(Jianmin Group, 600976), the company's main income was 3.
278 billion yuan, up 33.
48% year-on-year; the net profit attributable to the parent was 325 million yuan, up 119.
73% year-on-year
.
Figure 1: Jianmin Group’s core business data from 2016 to 2021 1.
Children’s traditional Chinese medicine segment The approved children's medicines are mainly chemical medicines.
From 2016 to 2021, 131 children's medicines were included in the priority review, of which 63 were approved
.
Judging from the categories of children's drugs included in the priority review, 82% are chemical drugs, 15% are traditional Chinese medicines, and 3% are biological products.
There is still a lot of room for development of children's traditional Chinese medicines
.
Table 1: 2021 China's urban physical pharmacy terminal pediatric Chinese patent medicine TOP10 brands (unit: 100 million yuan, source: Minet) In 2021, China's urban physical pharmacy terminal pediatric Chinese patent medicine sales scale will return to the level of 5 billion yuan, a year-on-year increase of more than 20%
.
From the perspective of brands, there are 4 brands with sales of more than 300 million yuan, among which Longmu Zhuanggu Granules of Jianmin Group ranks first
.
2.
The proportion of children's drugs in Jianmin Group Figure 3: The operating income of the four major pharmaceutical segments of Jianmin Group (unit: 100 million yuan) In the past five years, Jianmin Group's pediatric drug products have grown the fastest, from 3.
53 in 2017.
100 million yuan increased to 891 million yuan in 2021, with a compound annual growth rate of 26.
05%
.
Table 2: Sales volume and growth of main products Longmu Zhuanggu Granule is an exclusive product of Jianmin Group, which is used to treat children with hyperhidrosis, night terrors, loss of appetite, indigestion, growth retardation, etc.

.
The product has maintained a double-digit growth rate in physical pharmacy terminals in Chinese cities in recent years.
It will exceed the 600 million yuan mark in 2021, and the distribution rate and market share will increase significantly.
In 2021, the single product sales of Longmu Zhuanggu Granules will increase by 47.
75% year-on-year
.
In this issue, Tiandi Yuntu Pharmaceutical Industry Big Data Platform analyzes the cost pressure of traditional Chinese medicine raw materials faced by enterprises
from the perspective of the raw materials involved in its core product, Longmu Zhuanggu Granules .
3.
Core components of Longmu Zhuanggu Granules Table 3: Core components of Longmu Zhuanggu Granules This product has the functions of strengthening muscles and bones, and strengthening the stomach and spleen.
It is used for the treatment and prevention of rickets and rickets in children; Night terrors, loss of appetite, indigestion, and growth retardation are also treatable
.
4.
Rise and fall of raw materials of Longmu Zhuanggu granules 77%, the price of 1 raw material was flat, accounting for 7.
6%, and the price of 2 raw materials fell, accounting for 15.
4%
.
5.
Comments on the raw materials of Longmu Zhuanggu Granules Codonopsis pilosula, the production area is affected by the recent drought, and it is a foregone conclusion that the production will be reduced
.
Recently, the supply of goods in the production area can be sold well, and the merchants still pay attention to it.
The market is running strong.
The current market price of Codonopsis ginseng strips is around 55 yuan (kg price, the same below), and the price of three-screened slices is 70-75 yuan.
Yuan varies
.
Astragalus, the production area is stable, the supply is sufficient, and the recent shipments are large.
The price of nail pieces (0.
4-0.
6cm in diameter) is 17-19 yuan, the price of 0.
6-0.
8cm size is 27-32 yuan, and the price of 0.
8-1.
0cm The price of standard products is 38-44 yuan, the price of 1.
0-1.
2cm products is 48-55 yuan, the price of 1.
2-1.
4cm products is about 55-62 yuan, and the price of large pieces above 1.
4cm is about 65-75 yuan, depending on the specific price.
Knife power, color, dryness, and uniformity; while the price of the flattened sheet 0.
8-1.
0cm is 35-38 yuan, the price of 1.
0-1.
2cm is 41-44 yuan, the price of 1.
2-1.
4cm is 47-50 yuan, and the price of 1.
5 The price of flattened sheets above cm is about 63 yuan
.
Ophiopogon japonicus and Ophiopogon japonicus in Hubei have been severely reduced in production this year, and the source of goods is relatively small.
Farmers and hawkers basically have no stock in their hands.
Last year, the inventory was almost cleared.
This year, the price of new goods is 50-55 yuan
.
As the weather is too hot to move slowly, optimistic about the market outlook
.
Tortoise shell, the market supply is sufficient, but due to the lack of actual demand, the downturn has not improved
.
At present, the price of the upper shell of the tortoise is about 85 yuan, and the price of the lower shell is between 100-105 yuan; the price of the upper shell of the Brazilian tortoise is about 40 yuan, and the price of the lower shell is between 85-90 yuan.
.
Atractylodes, the market attention is not high, few merchants have recently purchased the goods, the supply trend has slowed down, but the price has remained stable.
At present, the price of the two-year-old common goods in the Bozhou market is mostly 26-27 yuan.
This year, the new production situation is concerned by the businessmen
.
Yam, the current supply of yam is in the green and yellow period, there are merchants looking for goods, the supply of goods is sold smoothly in batches, and the market performance is strong.
The current market price of yam rolls is 12-14 yuan, the price of three knives is around 17 yuan, and the net price is 20 yuan.
up and down
.
South Schisandra, the new production is basically over.
This year, the production area is not affected by the weather, and the output has increased.
Recently, the market supply has been moving in general, and the market has a downward trend.

.
Keel, the country's management of resources has been strengthened, the origin of goods is less, and the market inventory is consumed.
The holder is optimistic about the future market and reluctant to sell, and the price rises rapidly.
Markets will continue to rise
.
Oysters, there is a lot of stock in the market, and the demand is not large.
Recently, most of the merchants are purchasing according to the plan , and the market has not changed from the previous period.
The current market price of oysters varies from 1.
5 to 2.
5 yuan due to different quality.
It is expected that the market will not change in the short term.
There are big adjustments
.
Poria cocos has now entered the new production period.
Affected by the large new production volume, the market inventory has increased, the holders of the goods have strong willingness to ship, and the market has fallen.
Between 26-28 yuan, the future market may still fluctuate
.
Jujube, affected by the rise in bulk varieties last year, the jujube market has risen in the early stage.
At present, there are goods coming from the producing area, and the market supply is sufficient.
Recently, the merchants mainly focus on frequent purchases and fast sales, and the market continues to flatten.
The price is between 12-13 yuan, and the medium product is 14-15 yuan; the market price of good medicinal jujube is 8 yuan, and the price is expected to run steadily in the short term
.
Licorice, there is sufficient stock in the market, the supply of small batches is relatively smooth, and the merchants are diligent in buying and selling quickly.
Due to the stable arrival of goods from the origin, the recent market has not changed.
The general price is between 18-20 yuan, and the large piece ranges from 25-30 yuan.
, the future market is bullish
.
Chicken Neijin, the production area has not been affected by the epidemic, and there are a lot of supply sources in the market.
It has been sold in general recently, and the holders of the goods are holding firm prices.
Currently, the price of unqualified chicken gold in the market is 10 yuan, and the price of qualified goods is 11.
5 yuan.
Yuan; Fried Chicken Neijin is priced between 11.
5-12.
5 yuan due to the quality of the fried chicken
.
6.
Comprehensive evaluation 1.
The procurement cost pressure of keel varieties is relatively high.
The pressure test of raw materials shows that the raw materials of Longmu Zhuanggu granules are mainly from keel, yam, Codonopsis, etc.
from the perspective of supply pressure; From keel, Codonopsis, Chicken Neijin, etc.

.
2.
The keel market has skyrocketed or the procurement cost of Jianmin has increased significantly.
In recent years, the amount of keel excavation has become less and less, and the mining difficulty has become more and more difficult
.
At the same time, fake keels are popular, and 80% of the keels used in the market and pharmacies are fake keels.
With the depletion of keel resources in recent years, the quality of keels is declining
.
Unscrupulous merchants use beef bones and pork bones to cook white at high pressure, smash them into keels, and even pretend to be genuine products for circulation
.
At present, the national control has resulted in a small output, and the price of keel may continue to rise, which will definitely be a severe challenge to the raw material cost of Jianmin Group in the next few years
.
The good thing is that with the full liberalization of the "third child", the related children's drug market is also expected to expand.
If Jianmin Group continues to adapt to changes in the market and raw material supply, and launches new and upgraded products in a timely manner, profits are still expected to maintain growth
.
1.
Children's traditional Chinese medicine will become a key breakthrough segment .
Drug pharmacies 2.
Jianmin Group's large proportion of children's medicines .
3.
Core components of Longmu Zhuanggu Granules.
6.
Comprehensive evaluation of children