the recycling price of "luxury chinese medicine" pien tze huang has dropped by nearly 100 yuan. recyclers: the market is too saturated and it may fall at any time
2024-09-25
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according to the red star capital bureau on september 24, the popularity of pian zai huang tablets, which were once sold by scalpers for 1,000 yuan per tablet, is declining.
since the beginning of this year, the price of pien tze huang tablets in the second-hand recycling market has continued to fall. a recycler told red star capital bureau: "it has fallen too much now. it has been falling all the time this year."
wu zewei, a researcher at xingtu financial research institute, told red star capital bureau that in the past, the reason why pien tze huang could maintain a high price was mainly due to the demand for business gifts caused by the hot economy. for example, pien tze huang and moutai formed a "maotai combination". rather than saying that they are medicine and liquor, it is better to say that they are a kind of "social currency".
pien tze huang tablets image from visual china
the recycling price of pien tze huang has dropped by nearly 100 yuan
recyclers say prices will fall further
three years ago, the 3-gram pien tze huang tablet was hard to come by, and was even sold for 1,500 yuan per tablet by scalpers in the second-hand recycling market. it was called a "luxury chinese medicine". in addition to clinical use, pien tze huang is also often used for daily health care and as a gift. but now, the second-hand recycling price of pien tze huang tablets is no longer strong, and there is a clear downward trend.
on september 24, the red star capital bureau asked recyclers in sichuan, beijing, guangdong, inner mongolia and other places as consumers. when talking about the recycling price of pien tze huang tablets, a recycler from sichuan said: "it has fallen too much now, and it will fall at any time this year."
the above-mentioned recycler said that the latest recycling price of pien tze huang is now 500 yuan/ingot, which has dropped by nearly 100 yuan compared with the end of last year. another recycler from shenzhen, guangdong said that if the recycled pien tze huang is before 2024, the price will be even lower, about 460 yuan/ingot. a recycler from inner mongolia said that the lowest recycling price has now dropped to 400 yuan/ingot.
the red star capital bureau learned that the price of hong kong version of pien tze huang tablets is slightly higher. a recycler from zhongshan, guangdong, showed the hong kong version he had just received and said the recycling price was 530 yuan per tablet.
the above-mentioned recyclers are also not optimistic about the future market price. one recycler told the red star capital bureau that “it is estimated that the price will fall further.”
on september 24, the red star capital bureau visited several pharmacies in downtown chengdu. the retail price of pien tze huang tablets (otc) was between 740 and 790 yuan per tablet, and the supply was sufficient. however, a consumer posted an order on a social platform, saying that an online pharmacy had a promotional offer, and the lowest price of pien tze huang tablets dropped to 580 yuan per tablet.
expert: gift demand supports the high price of pien tze huang
as for the reason for the decline in the second-hand recycling price of pien tze huang, some recyclers said that the market is too saturated and there are too many products on the market. other recyclers said that the recycling prices of high-priced gifts are falling and not many people are buying them.
on september 24, wu zewei, a researcher at xingtu financial research institute, told red star capital bureau that in the past, the reason why pien tze huang could maintain a high price was mainly due to the demand for business gifts caused by the hot economy. for example, pien tze huang and moutai formed a "maotai combination". rather than saying that they are medicine and liquor, it is better to say that they are a kind of "social currency".
"however, with the economic adjustment, non-essential high-end consumer demand has been compressed to a certain extent, and the decline in the recycling price of pian zai huang is reasonable," said wu zewei.
on august 16, pien tze huang (600436.sh) released its 2024 semi-annual report, showing that in the first half of the year, it achieved revenue of 5.65 billion yuan, a year-on-year increase of 12%, and non-net profit of 1.75 billion yuan, a year-on-year increase of 11.03%. as for the reason why the profit growth rate is slower than the revenue growth rate, pien tze huang said that it was mainly due to the increase in the cost of important raw materials, which compressed the profit margin.
it is understood that the raw materials that have risen in price mainly refer to natural bezoar. according to data from kangmei chinese medicine network, the price of natural bezoar began to rise in june 2023, rising from 580,000 yuan/kg to 1.2 million yuan/kg in june 2023. as of september 2024, it has climbed to 1.65 million yuan per kilogram.
in may last year, pien tze huang raised the price of its leading product, pien tze huang tablets, due to rising costs of main raw materials and labor. the domestic market retail price was raised from 590 yuan/tablet to 760 yuan/tablet, and the supply price was raised by about 170 yuan/tablet accordingly. although pien tze huang has raised prices many times in the past, this is the largest increase ever.
red star news reporter qiang yaxian
editor: deng lingyao
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