Four major pharmacies reported first-quarter results, Dashenlin net profit increased by 50%

Four major pharmacies reported first-quarter results, Dashenlin net profit increased by 50%
Since the outbreak of the New Crown epidemic, offline retail pharmacies have responded to the government’s call to fully protect residents’ demand for drugs.In fact, hospitals have extended the prescription period and promoted the expansion of prescription outflows, which has benefited retail pharmacies, especially leading chain pharmacies.In the first quarter of this year, the average revenue and net profit of the four listed pharmacies Dashenlin, the common people, Yixintang and Yifeng pharmacies increased, and the total number of stores also increased to varying degrees.In the first quarter of this year, the revenue of the four chain pharmacies each exceeded 3 billion, respectively 33.6.2 billion, 32.8.2 billion, 30.8.7 billion and 30.48 ppm; net profit attributable to shareholders of listed companies is 2 respectively.8 billion yuan, 1.9.1 billion yuan, 1.9.6 billion and 2.05 billion.Dashenlin has the highest budget, with revenue and net profit more than doubled to 30.39% and 52.28%.Dashenlin is also the company with the largest number of mergers and acquisitions in the first quarter of the four pharmacies. It reported a merger, and the company initiated a total of 5 investment and merger businesses in the same industry.Among them, there were 3 M & A projects to be delivered in the previous year, 2 newly signed M & A projects, involving 166 stores; 1 equity investment project, the investment cost was 29.53 million yuan.In addition, the company also established a wholly-owned subsidiary “Jiangxi Dashenlin Pharmaceutical Technology Co., Ltd.” in Jiangxi to enhance the company’s brand influence and market competition in Jiangxi; the company’s wholly-owned subsidiary Ziyunxuan Chinese Medicine Technology Co., Ltd. was established in GuangxiThe wholly-owned subsidiary “Guangxi Kekekang Medical Devices Co., Ltd.” aims to consolidate the Guangxi market.As of the close of midday on April 29, Dashenlin has continued to grow by 16 this year.42%.Among the four major pharmacies, Yixintang has the largest number of stores, with a total of 6402 stores, an increase of 2 from the end of 2019.17%, including 84 medical insurance stores.54%.Yixintang said that in the first quarter of this year, the company focused on the development of Southwest and South China, while taking into account the development of stores in North China.As of the close of midday on April 29, Yixintang has continued to rise by 37 this year.4% is the highest growth among the four major chain pharmacies.Yifeng Pharmacy also completed a merger and acquisition business in the same industry in the first quarter of this year.In October 2019, Jiangsu Yifeng, a wholly-owned subsidiary of the company, and Ding Peisheng signed the “Xuzhou Enqi Pharmaceutical Chain Co., Ltd. Restructuring and Acquisition Framework Agreement” to acquire 65% of the equity of its newly established new company.Involving 31 stores, the project completed a 65% allocation change for the new company on March 31, 2020.The number of reports, the company’s total number of stores reached 4,869, the store size is 2.46%.As of midday closing on April 29, Yifeng Pharmacy has continued to rise by 29 this year.50%.The common people is the one with the largest number of new stores among the four chain pharmacies. Before and after the report, 356 new stores were added, including 208 new self-built stores, 34 mergers and acquisitions and 114 franchised stores in the scope of alternate consolidated statements; closed 21Stores, with a net increase of 335 stores.As of the end of the reporting period, there were 5,438 large pharmacy stores for ordinary people.As of the close of midday on April 29, the people have continued to expand this year.75%.Tianfeng Securities analysis pointed out that from the perspective of the industry, the “4 + 7” volume procurement policy will continue to be promoted in the future, and the terminal value of retail pharmacies may be further improved, and large chain pharmacies are expected to continue to exert their capital advantages andChain advantage leads the industry development.In the short term, in the first quarter of 2020, various retail pharmacies are important sales windows for anti-epidemic materials, anti-epidemic substances and anti-epidemic drugs, and related products have also achieved higher sales, which has a certain impact on the first quarter performance.During the epidemic, the four major pharmacies also made their own contributions.Such as Dashenlin, Yixintang’s non-operating expenses increased by 78% and 163.81% is due to donated medicines to the society.The data released in the quarterly report of the common people are more detailed. At the end of the monthly reporting period, the common people ‘s pharmacy donated protective clothing, goggles, and temperature measuring instruments to the Red Cross, epidemic control center in Hubei, Hunan, Gansu and other regions, Masks and other anti-epidemic materials worth 295.80 thousand yuan.Yifeng Pharmacy has not forgotten anything in the first quarter report, but according to various news reports, Yifeng Pharmacy lacks medical alcohol, protective clothing, masks and other epidemic prevention materials more than one million yuan.Editor Yue Qingxiu proofreading Chen Diyan

10% down payment + monthly installment, is it a rental car or a selling car?The court said so

On April 1, the website of the People’s Court of Yuhang District in Hangzhou repeated an automobile consumption dispute arising from “10% down payment + monthly installment”.Consumers sued for “playing a car” for fraud, but “playing a car” counterclaimed consumer breach of contract. What is going on?More than two years ago, Mr. Chen of Hangzhou chose a car in the “Bounce a Car” Tmall flagship store, and “purchased” this car with the “10% down payment + monthly installment” plan.But two years later, Mr. Chen “discovered” that he had not actually bought a car.Like Mr. Chen, in recent years, auto finance leasing companies, which have featured “down payment, rent first, buy first”, and “spend little money and drive a good car”, have been accused of fraud and misleading consumption from time to time.The People ‘s Court of Yuhang District of Hangzhou City tried such a civil dispute over whether the hidden financial leasing business model was appropriate.”Buy” a car in installments: Is it fraud or irrational consumption?In December 2017, Mr. Chen fancyd a Jeep car in the “Bounce a Car” Tmall flagship store. In addition to the stylish appearance to suit his needs, more importantly, he can drive the car as long as the down payment is 10%.Going home, this is perfect for Mr. Chen who is in desperate need of car funds and has insufficient funds.So, he chose “first use 12 months, first offer 3.”530,000 yuan, 3398 yuan per month” plan, the order is feasible 2017 Jeep-free light 2.4L leading version.The store specified an additional 1,000 yuan discount, and Mr. Chen actually paid the down payment3.430,000 yuan.A service agreement in Mr. Chen ‘s order details stipulates that: Party A is the operator of Socha.com, the flagship store of “Bump a Car”; Party B is the lessor of Dasou Car; and Party C is the lease of Mr. Chen.people.The agreement announces that the ownership of the subject vehicle belongs to the lessor.The agreement also stipulates that when the lease term expires, the lessee may choose to pay the final payment in one lump sum, or obtain the ownership of the vehicle by applying for a loan payment to the designated loan institution.According to the official website of “Bounce a Car”, its industrial and commercial registration is called “Beijing Souche Technology Co., Ltd.” and it is a brand of “10% down payment for rent, first rent and then buy” car financing leasing service.The full name displayed on the official website of Soso is “Hangzhou Soso Auto Service Co., Ltd.”.Attempts showed that the legal representatives of Souche.com and Souche replaced Yao Junhong.The business licenses of Souche.com and Souche.According to the alleged attempt, the holding party of Hangzhou Doushao Auto Service Co., Ltd. is SOUCHE LIMITED, a Hong Kong company in China.At the same time, it also holds Zhejiang Dasou Che Financial Leasing Co., Ltd.The legal representative of Zhejiang Dousou Che Financial Leasing Co., Ltd. is also Yao Junhong.In January 2018, Mr. Chen electronically signed the “Confirmation of Car Pickup” through the “Bounce a Car” APP and extracted the vehicle. The vehicle was registered under the name of Soso Nanjing Branch.Since then, Mr. Chen has paid 12 rents totaling 4.07.76 million yuan.After using the car for one year, Mr. Chen could not get the final payment and considered continuing to rent a car.In January 2019, Mr. Chen signed a lease renewal agreement with Soso Nanjing Branch, stipulating that Mr. Chen renewed the lease of the above-mentioned vehicles for 12 months, and the monthly rent was 4998 yuan. When the lease expires, Mr. Chen can also use the one-off paymentOr apply for a loan.However, Mr. Chen paid 7 rents this time totaling 3.After 49.86 million yuan, Dasou car company was brought to court.Mr. Chen believes that the service agreement signed by both parties is automatically generated in the background and confirmed by his signature, and his original intention is to purchase the vehicle in question by installment loan. The above agreement is not his true intention.Mr. Chen suggested that the words “buy”, “down payment”, and “monthly supply” are used in the advertising slogan, payment interface, etc., so that they mistakenly think that the two parties are a vehicle sales relationship.He also did not clearly inform the nature of the contract and there was fraud.Mr. Chen filed a lawsuit in the Yuhang District People’s Court of Hangzhou, requesting confirmation of the invalidity of the agreement between the two parties, refunding the down payment and monthly payment, and compensating for three times the total amount paid.The defendant stated that there was no fraud and filed a counterclaim.Dousou car company believes that the agreement between the two parties is legal and effective, the company has completed its contractual obligations, and the plaintiff Mr. Chen ‘s delay in paying the rent during the lease renewal period has constituted a breach of contract, and should pay the remaining rent and liquidated damages in accordance with the agreement, and bear the large searchThe reasonable expenses of the car company.This automobile consumption lawsuit triggered by “10% down payment + monthly installment” is a consumption trap or irrational consumption?After trial, the court found that the service agreement involved stated that the agreement must be exchanged and agreed before completion of the order. Mr. Chen also agreed to agree to the above agreement before placing the order, so the agreement was established.The pictures of the vehicles involved and the product details introduction office also indicate the words “The first car is rented and then bought, the lease period is 1 year, and the car is 1 year old, you can buy it and you can return it”, etc.The transaction mode, and from the vehicle registration certificate, transfer certificate and the like, that the ownership of the vehicle is registered under the name of Doushao car company, so Mr. Chen should also know it.The court found in the first instance that there was no fraud in the company and the electronic contract signed with the user was not modified, which dismissed Mr. Chen ‘s claim of “refund 1 compensation 3”, and asked Mr. Chen to pay the remaining rent, late payment of liquidated damages and Daseo.The reasonable expenses of the car company for this case.Is there a discrepancy between the legal interpretation and the “increasing list” of financial supervision?In this case, Mr. Chen believes that the other party’s behavior is a kind of “fraud”, and the court conducted the trial centered on this.But is the financial leasing business model that exists behind the “10% down payment, first lease then buy” right?”It’s not just new cars. Like buying vehicles in installments on other used car platforms, consumers have encountered the problem of signing a ‘financial lease’ contract. Although the vehicle is used by consumers, there is no cancellation of the registration certificate (that is, ‘large capital’).Therefore, it often happens that once the user’s repayment defaults, the financial leasing company directly ‘tows away’ the vehicle, “Bi Yanguang, a senior researcher at Qi Cai Think Tank, told reporters.According to Bi Yanguang’s introduction, consumers generally think that this model is nothing more than a consumption installment, but most people do not know that it is actually a financial lease.”Some consumers report that they didn’t pay attention to signing a financial lease contract at the beginning. They only found out in installments that they didn’t understand and didn’t ask too much.”Actually, financial leasing is relatively niche, most consumers don’t understand it, and its business model is relatively complicated.According to reporters, many new and second-hand car consumption staging platforms on the market are operating on the basis of financial leasing licenses submitted by various localities.When consumers sign a contract, they usually face the “Financial Lease Renewal Agreement” or “Financial Lease Leaseback Contract”.However, there is no down payment in any form. The period of “buying” a car is a kind of “lease”, and consumers think that the instalment payment has become a rent to some extent.For example, Mr. Chen ‘s service agreement states that the ownership of the subject vehicle is owned by the lessor Dazou.But in the court statement, Mr. Chen stated that his original intention was to purchase the car in installments.”In the final analysis, this car was mortgaged,” Bi Yanguang said.He believes that the financial leasing business model is relatively complex, and consumers should still communicate with the corresponding regulatory authorities to coordinate and resolve.In fact, since 2016, the regulatory body of financial leasing companies has changed. The establishment and supervision of the previous Ministry of Commerce and the State Administration of Taxation were transferred to the Banking and Insurance Regulatory Commission for supervision.On January 8 this year, the China Banking and Insurance Regulatory Commission issued the Interim Measures for the Supervision and Management of Financial Leasing Companies (Draft for Comment) (hereinafter referred to as the “Draft for Comment”), marking the financial leasing company’s formal financial system supervision system.In accordance with the requirements of Chapter 4 “Supervision and Management” of the Draft for Soliciting Opinions, the provincial-level local financial supervision departments (that is, the provincial-level local financial supervision bureaus) are specifically responsible for the supervision and management of the financial leasing companies in the region;Rules for business operations and supervision.In the “Supplementary List” included in the “Exposure Draft”, the regulator clearly stated that the financial leasing company may not issue or be entrusted to issue loans.However, regarding the legal interpretation and the “list” of financial regulators’ reorganization, Bi Yanguang believes that there may be inconsistencies.”This requires regulation to understand this issue.How to resolve the inconsistency among them, how to standardize the “car consumption installment” business, and regulate the development of financial leasing, it is urgent to regulate and reorganize clearly.At the same time, Bi Yanguang reminded consumers: “First,” car purchase “needs to be cautious, pay more attention to contract details.If you have any questions, ask them immediately; if necessary, please make preparations for shooting, recording or video recording.Second, if there is a dispute over the financial leasing business model, consumers should contact and communicate with the corresponding financial regulatory authorities in a timely manner.”At the end of the court’s disclosure of the case, the court also reminded:” Advance consumption is risky. “Consumers should reasonably assess the performance of the contract beforehand, read the service agreement carefully during the event, and actively assume responsibility for breach of contract after the event. “Sauna, Ye Wang Huang Xinyu Editor Zhao Ze proofreading Xue Jingning