China Pharma Holdings, Inc.
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About the company
China Pharma Holdings, Inc. (CPHI) specializes in the development, manufacturing, and marketing of both generic and branded pharmaceutical as well as biochemical products. The company primarily caters to hospitals and independent retailers throughout mainland China.
- CEO
- Zhilin Li
- IPO
- 2002
- Employees
- 215
- HQ
- Haikou, HA, CN
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $42.95M
- P/E
- -1.05
- PEG
- 0.04
- P/S
- 10.97
- P/B
- 0.13
- EV/EBITDA
- -32.21
- Div Yield
- 0.00%
- Gross Margin
- -9.33%
- Op Margin
- -111.84%
- Net Margin
- -114.33%
- ROE
- -17.14%
- ROIC
- -10.75%
Latest fiscal year · YoY change
- Revenue
- $4.14M-8.5%
- Gross Profit
- $-131,950+93.4%
- Op Income
- $-3,088,540
- Net Income
- $-3,187,556+32.7%
- EPS
- $-0.74-174.1%
- OCF Growth
- +131.8%
- FCF Growth
- +101.5%
- 52W High
- $19.19
- 52W Low
- $0.38
- 50D MA
- $1.10
- 200D MA
- $1.02
- Beta
- 1.07
- RSI (14)
- 48
- Avg Volume
- 4.50M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
China Pharma reported lower 2019 revenue, a wider net loss, and heavy impairment charges tied to China pharma policy pressures and weak cash flow.· March 31, 2020
- Revenue fell 11.4% to $11.0 million in 2019 from $12.3 million in 2018.
- Gross profit declined to $1.5 million and gross margin slipped to 13.6% from 16.0%.
- Net loss widened to $20.7 million, or $0.48 per basic and diluted share, versus $10.8 million, or $0.25 per share, in 2018.
- The company recorded $17.02 million of impairment loss in 2019, mainly on advances to laboratories and formulas deemed unlikely to generate positive cash flow.
- Management said it launched a wash-free sanitizer in early 2020 and may resume remaining pipeline formula development if funding and conditions improve.
For the year ended December 31, 2019, revenue decreased 11.4% to $11.0 million from $12.3 million in 2018. Gross profit was $1.5 million versus $2.0 million last year, and gross margin was 13.6% compared with 16.0%. Net loss was $20.7 million, or $0.48 per basic and diluted share, versus a net loss of $10.8 million, or $0.25 per share, in 2018. The company recorded $17.02 million of impairment loss in 2019, compared with $6.48 million in 2018. Cash and cash equivalents were $1.1 million at December 31, 2019, down from $1.2 million a year earlier, and working capital deficit increased to $4.5 million from $1.3 million. Cash flow from operating activities was $0.6 million in 2019 versus $1.9 million in 2018. Management did not provide formal next-quarter or full-year guidance, but said it will continue focusing on business development and sales and that remaining formulas may be resumed if sufficient funding and other favorable conditions arise.
Management framed 2019 as a difficult year shaped by Chinese pharmaceutical policy changes, including healthcare insurance cost controls, GPO procurement requirements, consistency evaluation, and lower drug expenditure ratios. Zhilin Li said these pressures led the company to impair all advances for its remaining four pipeline products in 2019, though the company may resume development later if funding and conditions improve. The tone was cautious but still opportunistic, with emphasis on expanding into comprehensive healthcare and leveraging existing capabilities.
On the financial side, Sam Hsing reported revenue of $11.0 million, gross profit of $1.5 million, gross margin of 13.6%, and a net loss of $20.7 million, reflecting the impact of the $17.02 million impairment charge. Selling expenses declined to $2.4 million from $3.2 million, while general and administrative expenses increased to $2.3 million from $1.9 million. Cash and cash equivalents were $1.1 million, working capital deficit widened to $4.5 million, and operating cash flow was $0.6 million, underscoring a constrained liquidity position.
There was no substantive analyst Q&A in the transcript, so no specific investor concerns or management rebuttals were covered. The closest thing to a Q&A was management’s closing invitation for questions, but the call ended without any being asked. As a result, the main open issues remain the company’s liquidity, the impairment of pipeline assets, and how policy pressure affects future sales.
The positive angle is that China Pharma is trying to adapt to a tougher market by cutting costs, improving credit collection, and moving into comprehensive healthcare products. Management also said it launched a wash-free sanitizer in early 2020 to address COVID-19-related demand in China. They indicated the remaining pipeline programs are not necessarily abandoned, only paused pending funding and better conditions.
The call highlighted significant headwinds from Chinese healthcare policy changes and procurement rules that reduced sales and pressured margins. The company ended the year with only $1.1 million of cash, a $4.5 million working capital deficit, and a large $17.02 million impairment charge tied to pipeline advances and formulas. Management did not provide formal guidance, leaving uncertainty about near-term recovery or capital needs.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.1%
- Shares Outstanding
- 40.52M
- Float Shares
- 40.18M
of shares held by institutions
5 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Virtu Kcg Holdings LLC | 32.63K | ▲ 32.63K |
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Dec 28, 23 | Liu Tao (Chengdu) | other | 0 |
| Sep 29, 23 | Li Zhilin | other | 13,757,063 |
| Dec 30, 22 | Deng Ke | other | 0 |
| Sep 9, 21 | Li Zhilin | other | 1,760,000 |
| Dec 23, 20 | Li Zhilin | other | 2,000,000 |
| Apr 28, 12 | WAUNG FRANK | other | 100,000 |
| May 25, 11 | WAUNG FRANK | sell | 25,000 |
| Apr 28, 10 | WAUNG FRANK | sell | 150,000 |
| Oct 13, 09 | WAUNG FRANK | sell | 10,000 |
| May 25, 11 | Li Zhilin | other | 50,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CPHI coverage
Recent articles, reports, and earnings notes.
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Generate CPHI report →China Pharma Holdings, Inc. Announces Closing of $5.0 Million Registered Direct Offering
prnewswire.com · Jul 23
China Pharma Announces Pricing of $5 Million Registered Direct Offering
prnewswire.com · Jul 22
China Pharma Holdings, Inc. Comments on Unusual Market Activity
prnewswire.com · Jul 21
China Pharma Holdings, Inc. States It Knows of No Events That Could Have Caused Unusual Market Activity
prnewswire.com · Jul 15
China Pharma Holdings, Inc. States It Knows of No Events That Could Have Caused Unusual Market Activity
prnewswire.com · May 14
China Pharma (NYSE:CPHI) & Acerus Pharmaceuticals (OTCMKTS:ASPCF) Financial Comparison
defenseworld.net · Apr 6
China Pharma (NYSE:CPHI) Shares Down 1% – What’s Next?
defenseworld.net · Mar 4
Critical Review: Galera Therapeutics (NASDAQ:GRTX) versus China Pharma (NYSE:CPHI)
defenseworld.net · Dec 27
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