The payment for overseas orders of Andon Health Co.Ltd(002432) ( Andon Health Co.Ltd(002432) ), nicknamed “money printer”, has been cashed one after another.
Andon Health Co.Ltd(002432) 4 disclosed the major contract progress of the daily operation of the U.S. subsidiary on April 17. On April 14 local time, the U.S. ACC paid a total of US $411 million to the U.S. subsidiary of the company, about RMB 2.623 billion. As of the announcement date, ACC has paid a total of US $1.521 billion, or about RMB 9.715 billion, to its US subsidiary.
The payment for overseas orders Andon Health Co.Ltd(002432) received this time comes from the purchase contract signed with American acc. Previously, Andon Health Co.Ltd(002432) US subsidiary and HHS (US Department of health and human services) represented by ACC signed the purchase contract on January 13, 2022 local time for ihealth covid-19 antigen home self-test OTC kit products (hereinafter referred to as “ihealth kit”), and signed the change contract on the purchase contract on January 26 local time.
According to the above contract, Andon Health Co.Ltd(002432) US subsidiary sold 354 million ihealth kit products to ACC in the United States, and the total amount of contract price tax was US $1.775 billion Andon Health Co.Ltd(002432) said that as of March 10, 2022, the company’s U.S. subsidiary had fulfilled the delivery obligation of the above contract.
Earlier, Andon Health Co.Ltd(002432) said in the performance forecast that the local demand for covid-19 antigen detection kit products has increased significantly due to the development of the epidemic in the United States.
During the reporting period, ihealth US subsidiary of the company sold ihealth covid-19 antigen detection kit products through its own channels and Amazon platform, and signed major contracts and orders with customers. The increase in sales revenue of this product has made an important contribution to the company’s performance during the reporting period.
According to the statistics of China Customs, the export volume of China’s antigen detection related products exceeded 70 billion yuan in 2021. On March 20, the Customs Statistics Platform updated the import and export data of January and February. In the first two months, the export value of China’s covid-19 reagent reached 32.6 billion yuan, and the vast majority of covid-19 reagents exported by China are still antigen detection reagents. China’s covid-19 antigen manufacturers are making great progress every day.
Taking Andon Health Co.Ltd(002432) as an example, in 2021 Andon Health Co.Ltd(002432) achieved a total operating income of 2.5 billion yuan, an increase of 25% year-on-year; The net profit was 900 million yuan, a year-on-year increase of 277%. In the first quarter of this year, the net profit is expected to reach 14 billion yuan to 16 billion yuan, a year-on-year increase of more than 367 times.
According to statistics, Andon Health Co.Ltd(002432) over the past ten years (20122021), the total profit was 940 million yuan. This is equivalent to Andon Health Co.Ltd(002432) making 15 times more money in a quarter than it has made in the past decade. If calculated by 90 days in the first quarter, it is equivalent to a net profit of more than 150 million yuan per day, which is jokingly called “money printer”.
Stimulated by the performance, on November 15, 2021, Andon Health Co.Ltd(002432) started the soaring mode, and there was little correction, becoming a 10 times bull stock at one fell swoop.
According to the risk warning released on Andon Health Co.Ltd(002432) 413 this year, the current stock price and P / E ratio are relatively high compared with the company’s historical stock price and P / E ratio, and the risk of falling of the company’s future stock price and the above indicators cannot be ruled out. Up to now, the delivery obligations agreed in the company’s contract have been fulfilled, and payment will be arranged after the buyer’s inspection and receipt. At present, the contract is under normal performance and the buyer has the ability to perform the contract, but there are still risks of the buyer such as delayed payment before all the payment is received.
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