Yunnan Baiyao Expects Net Profit Up to 100% YOY

Yunnan Baiyao expects its first half-year net profit attributable to shareholders of listed companies to be in the range of 2.61 billion yuan ($364 million) to 3 billion yuan ($418.4 million).

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On July 13, Yunnan Baiyao released 2023 half-year performance preview.

The preview shows that after the company's financial department's preliminary estimates, Yunnan Baiyao is expected to be attributable to listed company shareholders in the first half of the net profit between 2.61 billion yuan ($364 million) - 3 billion yuan ($418.4 million), compared with a profit of 1.5 billion yuan ($209.2 million) in the same period last year, an increase of 74% to 100%.

It is expected that the first half of the net profit after deducting non-recurring gains and losses between 2.529 billion yuan ($352.7 million) - 2.909 billion yuan ($405.7 million), compared with a profit of 1.655 billion yuan ($230.8 million) in the same period last year, an increase of 53% to 76%. In addition, the forecast shows that the first half of this year's basic earnings per share of 1.46 yuan ($0.2)/ share to 1.68 yuan ($0.23) / share, the same period last year earnings per share of 1.10 yuan ($0.15) / share.

According to public information, Yunnan Baiyao is a centuries-old brand renowned both at home and abroad, with the efficacy of stopping bleeding and healing wounds, reducing swelling and pain, and activating blood circulation and removing blood stasis. Yunnan Baiyao toothpaste is an oral care product developed with toothpaste as the carrier and international advanced oral care technology. According to Nielsen Retail Research, in 2022, Yunnan Baiyao Toothpaste will account for 24.4% of the market share in the toothpaste category, maintaining its position as the industry's No. 1 market share.

Yunnan Baiyao reported that during the reporting period, the company actively responded to changes in the external environment, focused on advantageous products, and made every effort to deepen the plowing of the stock and expand the incremental volume, realizing growth in operating results.