Sales of Over 320 Biohealth Manufacturers Rise 11% Year-on-Year in Q2

KHIDI Releases Q2 Corporate Management Analysis
Total Sales Reach 15.61 Trillion Won
Pharmaceuticals and Cosmetics Drive Growth

In the second quarter of this year, domestic biohealth manufacturers continued their growth, particularly in the pharmaceutical and cosmetics sectors.

According to a business management analysis released by the Korea Health Industry Development Institute on November 19, the combined sales of 321 domestic biohealth industry manufacturers in the second quarter of this year reached 15.6087 trillion won, marking an 11.0% increase from 14.0609 trillion won a year earlier.

By sector, pharmaceutical companies saw their sales rise by 12.2%, from 8.7042 trillion won to 9.7641 trillion won during this period. Cosmetics companies posted a 10.7% increase, from 3.2846 trillion won to 3.6415 trillion won, while medical device companies recorded a 6.3% rise, from 2.0721 trillion won to 2.2031 trillion won.

As a result, the sales growth rate-a key indicator of corporate expansion-rose by 2.3 percentage points to 11.1% in the second quarter, up from 8.8% in the first quarter of this year.

The total asset growth rate, which measures the overall scale of corporate growth, was 1.0% in the second quarter of this year, a slight increase from 0.4% a year earlier.

Additionally, the operating margin, a profitability indicator, rose from 10.7% in the second quarter of last year to 14.7% in the same period this year. However, the pre-tax net profit margin declined from 10.8% to 9.2%. By sector, pharmaceutical companies saw their pre-tax net profit margin increase from 10.5% to 12.5%, while medical device companies experienced a drop from 8.8% to -2.0%, and cosmetics companies saw a decrease from 13.0% to 7.0%.

In the second quarter of this year, the debt ratio and borrowing dependency of these companies stood at 37.3% and 10.4%, respectively, maintaining similar levels to the previous quarter and demonstrating stable financial conditions.

This content was produced with the assistance of AI translation services.