Q4 2019 Earnings Call

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So I'm all participants are in the listen.

There will be a presentation followed by your question and answer session.

<unk>, who wish to ask a question. Please press star one on your telephone.

I must advise you did this conference is being recorded.

I'd like to how to conference old here first speaker today, it's Diana no.

Thank you. Please go ahead.

Thank you operator.

Good morning, ladies and gentlemen, and good evening to those of you joining us from China Welcome to China Pharma Holdings' fiscal year 2019, our earnings conference call I'm, not one they'll comedies investor Relations manager.

Speaking on the call. They are trying to follow up question I'm C. O <unk> interim CFO Ms., Julie Dnbi and cooperate Vice President Mr. Sam machine.

In addition.

I will provide translation that Q on eight fasching all that call.

The Companys earnings press release, you feel RDR. This morning is available on our website at www dot showing up on the holdings Dot com.

I'd like to remind army snow stops I leave core management's prepared remarks contain forward looking statements, which are subject to risks and uncertainty.

And <unk> management May make additional form appeal that month in response to go question.

Therefore, no company claims the protection on the Safe Harbor before we'll keep that month that he is contained in the private Securities Litigation Reform Act 1995.

Actual results may differ from those disgust toward eight inch would catch me.

At my speech, I'm talking about acceptance and demand for our products.

Our ability to market upward.

The impact of competitive products and pricing.

They didn't he could be better launch new products on a timely basis.

Record trains are much including government regulation in that P. R.

Our ability to opinion directories, each would go laid great approval to commercialize our product.

Fluctuation symbol breaking beat that was.

Including funding for research and development and sales and marketing activity.

Yes.

There are risks detailed from time to time in our filings we know at <unk>.

In addition, any projection adds to the company's future performance with French match men. That's made at up today March.

Okay for Twentytwenty.

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Allegation age don't forget you hear about future.

Okay conditions change.

No.

Great you're part of the cool Bercy trying to find must see Oh, and interim CFO <unk> need to make her opening remarks in Chinese which will be then truck fleet by style.

Afterwards.

We'll continue to trade humidity deep couch discussion on the company fiscal year 2019.

Financial without.

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Yes, Hi, Hi, thoughts adult Hofh study of Black Sea off.

Yes, Hi, Peter <unk>.

Itself they can't call.

[noise] [noise], Thank you Donna and the good morning, everyone.

I like that get your view fortuny off today.

Your continued support just trying to former.

In 2019.

She knows me you closed by the policies and the market you Bob Hope the pharmaceutical industry in China in particular, the wireless cost cultural links to pull these fees in connection with healthcare insurance.

Group purchasing organization active juice.

Consistency, you better Asian, and though how cool.

Person did you also talked expenditure amongst the total holzgrefe expenditure.

Oh sure you better aging due to gross well Joe's much major policies and the cost side today.

The potential return over the last month, and Oh, Richard <unk> cash flow position.

They have made the decision to impair Wes.

For our remaining full pipeline products 29 cheap.

How are you work, we made resumed so to get rid of those homeowners in the future.

People have sufficient funding and all the favorable conditions right.

They were on this.

We continue to explore in the field calls a comprehensive health care.

Capacity health care focus is poke People's daily lives aging and the disease.

Pays attention to all cards ultra risks factors.

The misunderstandings affecting helps.

We launched so watch free sooner than ours.

<unk>.

Got it taught me.

To address the markets these calls to quite yet.

So you really I'd be.

My team in China.

We aim to leverage our.

Expertize Ingo PRC.

Well, if you put up from UBS.

Manufacturing and the commercialization pharmaceutical and the comprehensive health care products.

For the benefits all for human Hills.

I've already.

The restore communities prepared remark English.

No I'd like to review our fiscal year 20 Nike.

<unk> results and that's true information.

Revenue decreased by 11.4 person to you gave a meeting.

Your ended the few some first looking first to 20 matches.

Compared to 12.3 media for the year ended December 31st 2018.

The Chris you yourself revenue, mainly due to the interest.

Increased standards sculptor drops and or.

For Christmas or do you feel.

Drug to pasta across system seems you better issue.

Her to participate in belts.

Do you show and decreased it struck researchers reissue OCA drucie expenditure true patients total hospital expenditures.

From 60%. So a few years go to approximately 6% in 29, <unk>, which were promoted spikes like healthcare insurance cost control policies.

Gross profits for the year ended December 31st 20 like <unk>.

Was 1.5 million compared to what you mean in 20 agent.

Our gross profit margin important night, you watch searching for the 6%.

So to 16% in 2018.

It's declining me all girls person marching was mainly due to lucky Chris our sales.

But our fixed cost remains the same.

Oh city expenses for the year. Indeed, some burst of your first one in margins were 2.4 media.

Well the crystal locally nine minutes compared to 3.2 medium for the year compared to December so to your first quarter agent.

<unk> expenses.

Accounted for 21.5%.

Total revenue in 2019 compared to the true 26.1 person's name 20 <unk>.

Our general and administrative expenses for the year enter some Brooklyn sort of first Friday night, where two points screaming at.

That's compared to 1.9 immediate in 2018.

General and administrative expenses accounted for 21 persistence and 15.8% our total revenues in play in lighting and the 2018th respectively.

I'll bet that expenses for the year after the Pete Sampras, <unk> first pretty much him.

Well not books normal Sri media.

What's your percentage decreased all the north 0.60, I mean.

<unk> 0.64 meter <unk> 18.

But decreased our bad debt expenses was mainly due to the company is it just means off it's great it's policies to customers and to the great Christophe the mall, but it's pretty much from customers probably true the shipping.

Products for the year empty December 31st 29 Jeep Compass.

Compared to December Sucky first the 12 to 18.

Right right recouped nice to 17.2 medium.

Impairment loss for the year ending December 31st 20 Nike.

Compared to 6.48 media 20 HM.

Among which airwatch impairment loss for the it wants its right to left recoveries for the years ended December so the first one in nitrogen and to point to 18.

<unk> so.

17 media.

The 15 sold 117.

And the six minute.

Welcome to our and though.

So default songs and the 251, respectively.

As a pharmaceutical company.

We have been focusing on the if you put much Adam but tennis <unk> dollar intangible assets.

Maybe in the form of medical woman goes.

No consistency you by the issue is expected to have the significant impact or do you know the products not only in called pipeline.

Also certain <unk> existing Chinese markets.

After you evaluate the detailed almost under this policies and the cost side things are we turned off the west bunch.

Our recent cash flow post fish.

Our management made certain assessments regarding but you'd probably all intangible assets.

But the other two funds full end to form gross that's what are likely to generate positive cash flow in the foreseeable future.

And is therefore, we cook notch you problems loss problems. According to <unk> has also if you remember so if your first putting much it and do some personal get first 2018, respectively.

The management.

To improve all at the breast cancer Simplistically first point at night.

But to make reference you keep it up and hopefully this formula are skewing the future sufficient funding and other favorable politicians are wise.

Net loss for the year ended December so close to 29 <unk>.

It was 20.7 immediate Oh no 0.48.

Basic and diluted share.

Compared to net loss of the 10.8 medium.

<unk> net loss for the most important 25 beach basic and the targets this year.

For the year ended December 31st 2018.

The increase in net loss was Miami resolves the decrease in impediments, often long term passage.

Tony it through the balance sheet.

Oh. Thank you some personal your first part of my team the company had cash cash equivalents hope the one point what made it.

Robert to 1.2 meeting as all 50, some personal your first 28.

Oh, so they're using the working capital.

[laughter] fix it increased it to 4.5 meeting.

If you somebody took you first 29 cheap so one point to remediate <unk>. Please.

Funny 18.

I was off the kingdom, but starting first transaction.

Oh net accounts receivable was the low 0.6 meeting.

Number two <unk> nine minutes ago 50, some breast so your first part of 18.

Well you ended December 31st 20 Nike.

Cash flow from operating activities was not Onesix meeting.

Compared to 1.9, either 28.

Overall, we will continue focusing our beans people bonds and the promotes our sales and the people. That's this wheel suppose fared better issue of all shareholders interest in the future.

With that we will now open the call up through the question.

Operator.

Ladies and gentlemen, we will now begin to question and answer session. If you wish to off questions. Please press star one on your telephone now and wait for your name to be announced if you wish to answer your request we expressed about her hashed.

In order to be fair to all callers wish last question.

We'll take one question at a time from each caller. If you have more than one question lease request to join the question again. After your first question has interest.

Once again, if you wish to ask a question. Please press star one on your telephone keypad.

Once again, if you wish to ask a question press star one on your telephone keypad.

There are no question at this time, we can.

On behalf of the entire China pharma cheap.

We'd like to set you for your interest in the accounting and the publication called this cool.

For any hope you're traveling to China.

We always welcome and encourage any variances from call shareholders potential investors kind of enemies.

This concludes trying to farmers, it's good year 29, <unk> earnings call.

Ladies and gentleman that does conclude our conference for today. Thank you for participating you may now disconnect.

Yes.

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