SXTCNasdaqPharmaceutical PreparationsUS GAAP · USD

China SXT Pharmaceuticals, Inc.

China SXT Pharmaceuticals, Inc. develops, manufactures, and sells traditional Chinese medicine pieces and related pharmaceutical products in China. The company serves hospitals, pharmaceutical wholesalers, pharmacies, and other healthcare distributors through a sales network centered in Jiangsu and other provinces in China.

Liikevaihto1,1milj. USD
−34,6 %v/v
Liikevoitto (EBIT)−7,1milj. USD
−165,7 %v/v
EBIT-marginaali−625,9%
−471,9 %-yks.v/v
Nettotulos−6,2milj. USD
−87,8 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−7,5−5,0−2,50,02,55,0milj. USD2021: 4,8 milj. USD2021: EBIT −2,2 milj. USD20212022: 2,6 milj. USD2022: EBIT −5,2 milj. USD20222023: 2,0 milj. USD2023: EBIT −5,6 milj. USD20232024: 1,9 milj. USD2024: EBIT −2,5 milj. USD20242025: 1,7 milj. USD2025: EBIT −2,7 milj. USD20252026: 1,1 milj. USD2026: EBIT −7,1 milj. USD20261,1−7,1
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Traditional Chinese medicine pieces72 %

Processed TCMP products supplied for hospital and pharmacy use.

Pharmaceutical wholesaler supply22 %

Sales of TCMPs and related products through wholesale distribution channels.

Raw medicinal materials1 %

Sales of unprocessed medicinal materials used in Chinese medicine supply chains.

Other products5 %

Smaller product lines and miscellaneous pharmaceutical-related revenue.

Tuotteet

Raportoitu · osuus liikevaihdosta
99,8%FY2025100 %
  • Revenues From Third Parties99,8 %
  • Revenue From Related Parties0,2 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily to hospitals, especially traditional Chinese medicine hospitals, and to pharmaceutical wholesalers that redistribute products into healthcare channels. Its end-customer base also includes chain pharmacies and other pharmaceutical companies across several provinces in China.

Traditional Chinese medicine hospitals

Buy TCMP products for direct patient treatment and hospital formularies.

Pharmaceutical wholesalers

Purchase products for redistribution to hospitals and healthcare distributors.

Chain pharmacies

Buy packaged Chinese medicine products for retail and dispensing.

Other pharmaceutical companies

Purchase raw materials or related products for downstream pharmaceutical use.

Healthcare distributors

Source products to reach hospitals and local medical channels.

Strategia

The company is focused on expanding and modernizing its TCMP portfolio through research and development, including advanced non-decocting products. It also emphasizes direct distributor relationships and a relatively low-intermediary sales model to support channel efficiency and product reach across China.

Expand advanced TCMP product developmentKeskipitkä aikaväli

New formulations and processing methods help differentiate the product portfolio and support demand from hospitals and pharmacies.

Strengthen distributor and sales coverageLyhyt aikaväli

Broader provincial coverage improves customer access and supports sales growth in fragmented Chinese healthcare markets.

Improve manufacturing and quality standardsKeskipitkä aikaväli

Better production control and quality benchmarking are important in regulated TCMP markets and for hospital acceptance.

Maantiede

The company is based in Taizhou, Jiangsu, China, and its commercial activity is concentrated in Chinese provincial markets. Its sales offices cover 12 major provinces and municipalities, with reported end-customers in Jiangsu, Anhui, Jiangxi, Guangdong, Hubei and other regions, making domestic China the core operating geography.

Riskit

The business depends on regulatory acceptance, customer relationships, and the continued adoption of TCMP products in hospitals and pharmacies. It also faces concentration risk in China, execution risk in distributor-led sales, and accounting complexity tied to credit losses, inventory, and fair value estimates.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →China market concentration1Customer concentration in hospitals and wholesalers2Regulatory and product approval risk3Credit risk on distributor and customer receivables4Inventory and capacity risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. China market concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    Sales, customers, and operations are concentrated in Chinese provinces, so domestic policy or demand changes would affect the business directly.

    Kohdistuu: Domestic pharmaceutical and hospital channels in China

  2. Customer concentration in hospitals and wholesalersVaikutus: KorkeaTodennäköisyys: Korkea

    A large share of revenue depends on a limited set of institutional buyers and distributor relationships.

    KohdistuuTCM hospitalsWholesalersHealthcare distributors
  3. Regulatory and product approval riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Some new products may require regulatory approval, and pharmaceutical standards can affect launch timing and commercialization.

    Kohdistuu: TCMP development and new product introductions

  4. Credit risk on distributor and customer receivablesVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A wholesaler-heavy model can delay collection and create exposure to doubtful accounts.

    Kohdistuu: Trade receivables and channel partners

  5. Inventory and capacity riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Pharmaceutical preparation and raw material production can leave the company exposed to inventory obsolescence and abnormal capacity issues.

    KohdistuuMaterialsFinished goodsProduction planning
Kysy Clarifolta: China SXT Pharmaceuticals, Inc.

Kirjanpito

Harkinnanvaraiset erät
Expected credit loss

Receivables from wholesalers and distributors require judgment about collectability.

Vaikutus: Can change bad debt expense and net assets

Inventory valuation

Production and raw material inventories may be affected by abnormal capacity and obsolescence assumptions.

Vaikutus: Can alter cost of revenues and gross profit

Sales returns

Revenue recognition depends on estimated return rates in the distribution channel.

Vaikutus: Can affect net revenue and quarterly comparability

Convertible notes and warrants

Fair value measurements can create volatility in liabilities and earnings.

Vaikutus: Can materially affect reported gains or losses

Asset impairment

Long-lived assets and ROU assets require periodic recoverability assessments.

Vaikutus: Can lead to non-cash impairment charges

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

China SXT Pharmaceuticals, Inc. (Nasdaq) – Pharmaceutical Preparations | Analyysi – Clarifo