China Medical System Holdings Limited logo

China Medical System Holdings Limited

0867.HK

HKSEHealthcareDrug Manufacturers - Specialty & Generic

Latest quote

HK$11.42

−HK$0.15 · -1.30%

Aug 24, 1:44 PM HKT

0867.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Established in 1995 and headquartered in North Point, Hong Kong, China Medical System Holdings Limited functions as an investment holding company with a primary focus on the development, marketing, and distribution of a wide array of pharmaceutical products throughout the People's Republic of China. The company's extensive portfolio addresses numerous therapeutic areas. Its cardiovascular offerings include Plendil for hypertension and stable angina, XinHuoSu for acute heart failure, and Imdur for coronary heart disease, chronic heart failure, and myocardial infarction prevention. For mental health and neurological support, it provides Deanxit to treat mild-to-moderate depression and anxiety, along with Parlodel tablets for endocrine and neuro system indications. Digestive and liver conditions are managed with products such as Ursofalk for gallstones and cholestatic liver disease, Salofalk for ulcerative colitis and Crohn's disease, Bioflor for diarrhea, Combizym for dyspepsia, and Ganfule capsules for primary liver cancer, plus MOVICOL for chronic constipation. The company also markets Augentropfen Stulln Mono eye drops for senile macula degeneration and asthenopia, Hirudoid for blunt trauma and superficial phlebitis, Elcatonin injection for osteoporosis, and Lamisil tablets for fungal infections. Respiratory issues are addressed by YiNuoShu, while infectious diseases benefit from DanShenTong capsules (for various infections like acne, tonsillitis, and boils) and YinlianQinggan granules for hepatitis. XiDaKang, a protein hydrolysate oral solution, is also part of its offerings. Beyond its pharmaceutical endeavors, the group is also actively involved in agriculture and livestock operations. China Medical System Holdings Limited operates as a subsidiary of Treasure Sea Limited.

Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
Headquarters
HK
CEO
Kong Lam
Listed since
Sep 28, 2010
Employees
6,415

Market position

Day range

Current HK$11.42

52-week range

Current HK$11.42

Open
HK$11.61
Previous close
HK$11.57
Volume
2.41M
0.39× average
Average volume
6.15M
Average daily volume
Market cap
27.79B HKD
Beta
1.11
Market reference 1
50-day average
HK$11.598
-1.53% below average
200-day average
HK$12.9275
-11.66% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
26.02B CNY
P/E (TTM)
15.81×
P/B (TTM)
1.32×
P/S (TTM)
2.76×
EV / EBITDA
14.26×
Earnings yield
5.31%
Free cash flow yield
0.87%
Dividend yield
2.85%

Profitability & efficiency

Gross margin
71.18%
Operating margin
19.93%
Net margin
17.58%
Return on equity
8.56%
Return on assets
7.75%
Return on invested capital
5.89%

Financial health

Debt / equity
0.05×
Current ratio
6.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends83%59%36%12%Gross margin, FY2021: 74.93%Gross margin, FY2022: 76.89%Gross margin, FY2023: 75.82%Gross margin, FY2024: 72.60%Gross margin, FY2025: 71.50%Operating margin, FY2021: 37.79%Operating margin, FY2022: 38.82%Operating margin, FY2023: 33.85%Operating margin, FY2024: 23.20%Operating margin, FY2025: 19.22%Net margin, FY2021: 36.19%Net margin, FY2022: 35.62%Net margin, FY2023: 29.96%Net margin, FY2024: 21.69%Net margin, FY2025: 18.13%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 74.93%. Gross margin FY2022 76.89%. Gross margin FY2023 75.82%. Gross margin FY2024 72.60%. Gross margin FY2025 71.50%. Operating margin FY2021 37.79%. Operating margin FY2022 38.82%. Operating margin FY2023 33.85%. Operating margin FY2024 23.20%. Operating margin FY2025 19.22%. Net margin FY2021 36.19%. Net margin FY2022 35.62%. Net margin FY2023 29.96%. Net margin FY2024 21.69%. Net margin FY2025 18.13%.

Income trends

Revenue

8.21B CNY+9.95%

Operating income

1.58B CNY-8.89%

Net income

1.49B CNY-8.08%
Income trends across reported periods9.92B CNY6.85B CNY3.79B CNY722.75M CNYRevenue, FY2021: 8.34B CNYRevenue, FY2022: 9.15B CNYRevenue, FY2023: 8.01B CNYRevenue, FY2024: 7.47B CNYRevenue, FY2025: 8.21B CNYOperating income, FY2021: 3.15B CNYOperating income, FY2022: 3.55B CNYOperating income, FY2023: 2.71B CNYOperating income, FY2024: 1.73B CNYOperating income, FY2025: 1.58B CNYNet income, FY2021: 3.02B CNYNet income, FY2022: 3.26B CNYNet income, FY2023: 2.4B CNYNet income, FY2024: 1.62B CNYNet income, FY2025: 1.49B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.34B CNY. Revenue FY2022 9.15B CNY. Revenue FY2023 8.01B CNY. Revenue FY2024 7.47B CNY. Revenue FY2025 8.21B CNY. Operating income FY2021 3.15B CNY. Operating income FY2022 3.55B CNY. Operating income FY2023 2.71B CNY. Operating income FY2024 1.73B CNY. Operating income FY2025 1.58B CNY. Net income FY2021 3.02B CNY. Net income FY2022 3.26B CNY. Net income FY2023 2.4B CNY. Net income FY2024 1.62B CNY. Net income FY2025 1.49B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue8.21B CNY7.47B CNY8.01B CNY9.15B CNY8.34B CNY
Cost of goods sold2.34B CNY2.05B CNY1.94B CNY2.11B CNY2.09B CNY
Gross profit5.87B CNY5.42B CNY6.08B CNY7.04B CNY6.25B CNY
Research and development585.02M CNY329.98M CNY195.13M CNY125.43M CNY114.76M CNY
Selling, general, and administrative3.71B CNY3.44B CNY3.17B CNY3.36B CNY2.98B CNY
Operating expenses4.29B CNY3.69B CNY3.36B CNY3.39B CNY3.03B CNY
Interest income82.35M CNY126.34M CNY146.48M CNY105.52M CNY81.85M CNY
Interest expense20.3M CNY38.61M CNY46.25M CNY49.09M CNY28.27M CNY
Depreciation and amortization246.34M CNY259.24M CNY209.3M CNY209.08M CNY219.82M CNY
Operating income1.58B CNY1.73B CNY2.71B CNY3.55B CNY3.15B CNY
Net income1.49B CNY1.62B CNY2.4B CNY3.26B CNY3.02B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-5.77%
11 comparable reports
Latest EPS result
0.47
Estimate 0.46 · Beat by 1.88%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.90.660.420.18Q2 '23BeatQ4 '23MissQ2 '24BeatQ4 '24MissQ3 '25BeatQ1 '26MissQ3 '26BeatQ1 '27Estimate
Q2 2023, reported Jun 30, 2023: actual 0.847, estimate 0.778, surprise +8.87%, Beat. Q4 2023, reported Dec 31, 2023: actual 0.217, estimate 0.594, surprise -63.54%, Miss. Q2 2024, reported Jun 30, 2024: actual 0.401, estimate 0.344, surprise +16.64%, Beat. Q4 2024, reported Dec 31, 2024: actual 0.311, estimate 0.362, surprise -14.09%, Miss. Q3 2025, reported Aug 18, 2025: actual 0.426, estimate 0.405, surprise +5.03%, Beat. Q1 2026, reported Mar 16, 2026: actual 0.256, estimate 0.323, surprise -20.67%, Miss. Q3 2026, reported Aug 17, 2026: actual 0.47, estimate 0.462, surprise +1.88%, Beat. Q1 2027, reported Mar 16, 2027: actual —, estimate 0.455, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.01B5.18B4.36B3.54BQ2 '23MissQ4 '23MissQ2 '24MissQ4 '24MissQ3 '25MissQ1 '26MissQ3 '26MissQ1 '27Estimate
Q2 2023, reported Jun 30, 2023: actual 4.99B HKD, estimate 5.32B HKD, surprise -6.32%, Miss. Q4 2023, reported Dec 31, 2023: actual 3.77B HKD, estimate 4.65B HKD, surprise -19.00%, Miss. Q2 2024, reported Jun 30, 2024: actual 3.88B HKD, estimate 3.94B HKD, surprise -1.67%, Miss. Q4 2024, reported Dec 31, 2024: actual 4.1B HKD, estimate 4.33B HKD, surprise -5.16%, Miss. Q3 2025, reported Aug 18, 2025: actual 4.38B HKD, estimate 4.38B HKD, surprise -0.14%, Miss. Q1 2026, reported Mar 16, 2026: actual 4.69B HKD, estimate 4.71B HKD, surprise -0.48%, Miss. Q3 2026, reported Aug 17, 2026: actual 5.19B HKD, estimate 5.47B HKD, surprise -5.09%, Miss. Q1 2027, reported Mar 16, 2027: actual —, estimate 5.78B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.298

2025 complete year-46.8% since 2021

2026 partial: HK$0.155

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Apr 27, 2026

HK$0.155

Semi-Annual

Record Apr 28, 2026 · Payment May 7, 2026

Dividend

Ex-dividend Aug 29, 2025

HK$0.171

Semi-Annual

Record Sep 1, 2025 · Payment Sep 9, 2025

Dividend

Ex-dividend Apr 28, 2025

HK$0.127

Semi-Annual

Record Apr 29, 2025 · Payment May 9, 2025

Dividend

Ex-dividend Aug 29, 2024

HK$0.164

Semi-Annual

Record Sep 2, 2024 · Payment Sep 9, 2024

Dividend

Ex-dividend May 13, 2024

HK$0.086

Semi-Annual

Record May 14, 2024 · Payment May 23, 2024

Dividend

Ex-dividend Sep 11, 2023

HK$0.342

Semi-Annual

Record Sep 12, 2023 · Payment Sep 20, 2023

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