Earnings Alerts

Beijing Tiantan Biological Products (600161) 9-Month Earnings: Strong Net Income of 1.05B Yuan

By October 11, 2024 No Comments
  • Beijing Tiantan reported a preliminary net income of 1.05 billion yuan for the first nine months of 2024.
  • The company achieved a preliminary revenue of 4.07 billion yuan over the same period.
  • The stock received strong support with 17 buy ratings and no holds or sell ratings from analysts.

Beijing Tiantan Biological Products on Smartkarma







Analyst Coverage on <a href="https://smartkarma.com/entities/beijing-tiantan-biological-products-corp">Beijing Tiantan Biological Products</a>

Analysts on Smartkarma are closely following Beijing Tiantan Biological Products as significant developments unfold. Xinyao (Criss) Wang, in the report “China Healthcare Weekly (Sep15),” highlights Tiantan’s strategic move to acquire Zhongyuan Ruide for $185 million from CSL Behring. This acquisition aims to strengthen Tiantan’s leading position in the blood products industry. Additionally, Wang discusses the legal dispute between BeiGene and AbbVie, emphasizing the need to prepare for potential uncertainties that may arise. Moreover, the analysis underscores the implications of the BIOSECURE Act’s potential passage and advises proactive measures in anticipation of regulatory changes.

In another report by Xinyao (Criss) Wang titled “Tiantan (600161CH) To Acquire Weiguang (002880CH),” the dynamics in China’s blood products industry are explored. The transition in Weiguang’s ownership structure introduces the possibility of significant restructuring. Wang points out the horizontal competition between Tiantan and Weiguang due to business overlap, triggered by the establishment of a joint venture with China National Biotec. As state-owned enterprise (SOE) reform progresses, opportunities for investment in the blood products sector emerge, with the potential for diverse outcomes for Tiantan and Weiguang as they navigate the evolving industry landscape.



A look at Beijing Tiantan Biological Products Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience5
Momentum2
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Beijing Tiantan Biological Products Corporation Limited, a company focusing on researching, developing, and commercializing biological products, holds a promising long-term outlook based on the Smartkarma Smart Scores. With a strong emphasis on Growth and Resilience, scoring 5 out of 5 for both factors, the company is positioned for significant expansion and has demonstrated robustness in adverse conditions. While the Value and Dividend scores are moderate at 2, the high scores in Growth and Resilience indicate substantial potential and stability for Beijing Tiantan Biological Products.

Specializing in treatments for hepatitis and a range of vaccine products, including those for hepatitis and rubella, Beijing Tiantan Biological Products Corporation Limited is expected to continue its trajectory of growth and resilience in the biological products sector. Investors eyeing long-term prospects may find the company appealing due to its solid performance in growth and ability to withstand market challenges, as highlighted by the Smartkarma Smart Scores.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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