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← CockpitCompetitor Analysis › 002262.SZ Jiangsu Nhwa Pharmaceutical Co., Ltd. Class AOpen in the cockpit ↗

Jiangsu Nhwa Pharmaceutical Co., Ltd. Class A002262.SZCompetitor analysis, valuation and peers

China · CNY·Health Care›Pharmaceuticals: Major

Chinese pharma company focused on central-nervous-system (CNS) drugs, including antidepressants and antipsychotics.

Momentum leader 88
Mkt cap
$3.47B
US dollars, full cap
Free float
55%
of shares outstanding
$/day
$27.8M
20-day average traded
Fwd P/E
19.6×
forward earnings
ROIC−WACC
+15.9 pp
WACC 5.0%
Hurdle
-14 pp
Req g minus delivered
Next earnings
139 days
25 Mar 2027
Close · CNYCN¥22.87
1D-0.8%
1W+5.8%
1M+4.7%
3M+2.9%
6M+2.0%
YTD-5.2%
1Y-12.1%
ATR %2.8%
52w lowhigh12.2% off high

What Jiangsu Nhwa Pharmaceutical does

Chinese pharma company focused on central-nervous-system (CNS) drugs, including antidepressants and antipsychotics.

Sells prescription drugs for the nervous system through hospitals, where government group-purchasing programmes press prices on older generics. Chinese rules restrict production of many psychotropic and anaesthetic drugs to licensed makers, which limits the number of competitors in parts of its range.

Products and services

  • Antidepressant/antipsychotic drugs
  • Other generics

Customers

  • Hospitals/psychiatric clinics

Where it sits in the supply chain

  • Health Care
  • Pharmaceuticals
  • CNS/psychiatric drugs

What could go right

  • Rising mental-health treatment demand in China

What could go wrong

  • Centralized procurement price pressure

Moat: narrow (regulatory licence, brand). Established CNS drug portfolio and physician relationships in a specialized therapeutic area.

Headquarters: Taizhou, Jiangsu, China · Employees: 6,003

Named competitors

Jiangsu Nhwa Pharmaceutical at a glance

Size Jiangsu Nhwa Pharmaceutical (002262.SZ) is a China Health Care company (Pharmaceuticals: Major) with a market value of $3.47B, the 745th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥22.87 on 6 Nov 2026.

Performance Over six months the shares gained 2.0%, against +2.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue grew 3.2% over the last twelve months (peer median +13.3%); the operating margin is 18.9% (peer median 12.0%).

Valuation It trades at 19.6× forward earnings against a peer median of 19.0× (8th cheapest of 15).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 15.9 points above its cost of capital (5.0% WACC).

Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026Peer median 103002262.SZ 103
Six months, rebased to 100: Jiangsu Nhwa Pharmaceutical against the median of its 20 peers (local-currency closes).

Jiangsu Nhwa Pharmaceutical financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥6.22BCN¥5.85BCN¥5.63BCN¥4.99BCN¥4.25B
Revenue growth—+4%+13%+17%—
Gross profitCN¥4.38BCN¥4.04BCN¥3.99BCN¥3.53BCN¥3.16B
EBITDAn/aCN¥1.36BCN¥1.45BCN¥1.24BCN¥1.05B
Net incomeCN¥1.10BCN¥1.06BCN¥1.14BCN¥1.04BCN¥901M
Free cash flowCN¥579MCN¥687MCN¥512MCN¥677MCN¥566M
Capital expenditureCN¥490MCN¥437MCN¥450MCN¥374MCN¥328M
Total debtCN¥392MCN¥448MCN¥449MCN¥173MCN¥122M

Quarterly statements and history in the cockpit →

Jiangsu Nhwa Pharmaceutical competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%-25%0%+25%+50%VKTX2696TARSPPLPHARMAWOCKPHARMA688266600511OGN0867ACUTAAS1513AMLX0007393320VRDNARQT002262.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Jiangsu Nhwa Pharmaceutical is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×50×100×150×2696PPLPHARMA6882662096600511OGNACAD0867ACUTAAS000739ARQT002262.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jiangsu Nhwa Pharmaceutical is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%+300%0%200%2696TARSWOCKPHARMA6882662096600511ACAD000739ARQT002262.SZGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Jiangsu Nhwa Pharmaceutical is the large dot.

Jiangsu Nhwa Pharmaceutical competitors and peer comparison

Head to head with its named competitors (002262.SZ vs 600276.SS vs 2186.HK vs 4578.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Jiangsu Nhwa Pharmaceutical 002262.SZ$3.47B+2%+3%19%19.6×-2.2%
Jiangsu Hengrui Pharmaceuticals 600276.SS$49.7B-6%+6%27%36.4×14.9%
Luye Pharma 2186.HK$839M-36%+3%18%8.1×-10.5%
Otsuka Hldgs 4578.T$38.6B+2%+11%18%16.3×0.4%

How Jiangsu Nhwa Pharmaceutical compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Jiangsu Nhwa Pharmaceutical against its 20 peers (data as of 6 Nov 2026)
Measure002262.SZPeer medianRank in peer set
1-month return+4.7%+2.1%9th highest of 21
6-month return+2.0%+2.2%10th lowest of 20
Distance from 52-week high-12.2%-24.8%7th highest of 21
Revenue growth (TTM)+3.2%+13.3%6th lowest of 19
Operating margin18.9%12.0%7th highest of 18
Forward P/E19.6×19.0×8th cheapest of 15
Growth the price implies (Req g, 7 yrs)-2.2%4.6%7th least demanding of 15
Growth delivered (Del g)+12.0%+6.6%6th highest of 15
Hurdle (Req g minus delivered)-14.1 pp-11.4 pp6th least demanding of 15
ROIC minus cost of capital+15.9 pp+6.5 pp2nd highest of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Jiangsu Nhwa Pharmaceutical 002262.SZChina$3.47B+2%+3%19%19.6×-2.2%+12.0%
Parabilis Medicines PBLSUnited States$3.52Bn/an/an/an/an/an/a
Viking Therapeutics VKTXUnited States$3.42B-17%n/an/an/an/an/a
Shanghai Henlius Biotech 2696.HKHong Kong$3.41B-37%+33%12%23.8×15.2%+61.4%
Tarsus Pharmaceuticals TARSUnited States$3.38B+12%+86%-10%n/a31.9%+159.5%
Piramal Pharma PPLPHARMA.NSIndia$3.37B+30%+9%3%159.9×n/an/a
Wockhardt WOCKPHARMA.NSIndia$3.35B+19%+26%13%n/a56.9%+4.2%
Suzhou Zelgen Biopharmaceuticals 688266.SSChina$3.60B-13%+136%29%43.4×20.5%+98.4%
Simcere Pharmaceutical 2096.HKHong Kong$3.63B-7%+27%18%14.3×-2.8%+10.6%
China National Medicines 600511.SSChina$3.31B+2%+3%4%10.7×-9.8%+5.4%
Organon & OGNUnited States$3.64B+4%-3%20%4.0×-4.5%-1.0%
ACADIA Pharmaceuticals ACADUnited States$3.66B-5%+12%8%21.5×16.7%+19.4%
China Medical System 0867.HKHong Kong$3.30B-16%+15%20%10.9×2.9%+2.7%
Acutaas Chemicals ACUTAAS.NSIndia$3.28B+39%+45%36%61.8×n/an/a
Livzon Pharmaceutical 1513.HKHong Kong$3.69B-11%-10%19%11.3×-7.7%+2.0%
Amylyx Pharmaceuticals AMLXUnited States$3.70B+97%+100%n/an/an/an/a
Apeloa Pharmaceutical 000739.SZChina$3.73B+18%-16%10%25.1×6.3%+4.5%
China Resources Pharmaceutical 3320.HKHong Kong$3.74B-11%+8%4%6.0×-5.3%+7.8%
Viridian Therapeutics VRDNUnited States$3.23B+72%-63%-1,781%n/an/an/a
Arcutis Biotherapeutics ARQTUnited States$3.21B+21%+76%7%37.9×48.9%+367.3%
Tasly Pharmaceutical 600535.SSChina$3.20B-5%-4%19%16.5×-7.6%-9.6%

Questions

Who are Jiangsu Nhwa Pharmaceutical's main competitors?
Named competitors: Jiangsu Hengrui Pharmaceuticals (600276.SS), Luye Pharma (2186.HK), Lundbeck (private or unlisted), Otsuka Holdings (4578.T). The cockpit's measured peer set (industry) also includes Parabilis Medicines (PBLS), Viking Therapeutics (VKTX), Shanghai Henlius Biotech (2696.HK), Tarsus Pharmaceuticals (TARS), Piramal Pharma (PPLPHARMA.NS), Wockhardt (WOCKPHARMA.NS).
Is Jiangsu Nhwa Pharmaceutical expensive compared with its peers?
On forward p/e it trades at 19.6× against a peer median of 19.0×, 8th cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has Jiangsu Nhwa Pharmaceutical stock performed?
Over six months to 6 Nov 2026 the shares returned +2.0% against +2.2% for the median peer; over one year -12.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.