Happiness Biotech Group

OverviewSuggest Edit

Happiness Biotech Group is a holdings company operating through its subsidiaries Fujian Happiness Biotech Company, Shunchang Happiness Nutraceutical Company, and Shunchang Xinxin Agricultural Technology Company. Fujian Happiness Biotech (福建省幸福生物科技有限公司) is a research and development, provincial-level agricultural industrialization company cultivating and selling Ganoderma lucidum, Cordyceps militaris, and aphid herbs. The company focuses on the development of affordable products to serve public healthcare.

TypePublic
Founded2018
HQNanping, CN
Websitefjxfl.com

Latest Updates

Employees (est.) (Mar 2021)215(+42%)
Revenue (FY, 2020)$65.1 M(+2%)
Share Price (Jan 2022)$0.6
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Key People/Management at Happiness Biotech Group

Xuezhu Wang

Xuezhu Wang

Chief Executive Officer, Director
Bian Jiong

Bian Jiong

Chief Financial Officer
Xianfu Wang

Xianfu Wang

Chairman of the Board
Wanghe Zhang

Wanghe Zhang

Director
Rui Qiang

Rui Qiang

Director
John Levy

John Levy

Director
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Happiness Biotech Group Office Locations

Happiness Biotech Group has an office in Nanping
Nanping, CN (HQ)
Shunchang County
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Happiness Biotech Group Financials and Metrics

Happiness Biotech Group Revenue

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Happiness Biotech Group's revenue was reported to be $65.06 m in FY, 2020
USD

Revenue (FY, 2020)

65.1m

Gross profit (FY, 2020)

30.4m

Gross profit margin (FY, 2020), %

46.8%

Net income (FY, 2020)

12.7m

EBIT (FY, 2020)

15.4m

Closing stock price (14-Jan-2022)

0.6

Cash (31-Mar-2020)

33.7m

EV

(31.6m)
USDFY, 2018FY, 2019FY, 2020

Revenue

61.5m63.9m65.1m

Revenue growth, %

4%

Cost of goods sold

32.1m31.7m34.6m

Gross profit

29.4m32.2m30.4m
USDFY, 2018FY, 2019FY, 2020

Cash

8.9m14.8m33.7m

Accounts Receivable

32.6m32.0m30.0m

Prepaid Expenses

28.3k6.1m4.3m

Inventories

2.3m2.0m2.0m
USDFY, 2018FY, 2019FY, 2020

Net Income

17.5m18.7m12.7m

Depreciation and Amortization

137.2k699.5k690.7k

Inventories

(276.9k)

Accounts Payable

(3.4m)(3.4m)(32.7k)
USDFY, 2018

Financial Leverage

1.2 x
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Happiness Biotech Group Operating Metrics

FY, 2019

Distributors

200

Patent Applications

7

Patents Issued

17

Products

32
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Happiness Biotech Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Fujian Happiness Biotech Co.
Happiness Biology Technology Group Ltd.
Happiness (Nanping) Biotech Co.
Shunchang Happiness Nutraceutical Co.

Happiness Biotech Group Revenue Breakdown

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Happiness Biotech Group revenue breakdown by business segment: 7.7% from American ginseng products, 15.0% from Ejiao solution products, 31.1% from Lucidum spore powder products, 17.0% from Cordyceps mycelia products, 13.5% from Vitamins and dietary supplements products and 15.7% from Others

Happiness Biotech Group Online and Social Media Presence

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Happiness Biotech Group News and Updates

Happiness Biotech Group Limited Announces Name Change to Happiness Development Group Limited and Re-Designation of Its Ordinary Shares

NANPING, China, Nov. 11, 2021 /PRNewswire/ -- Happiness Biotech Group Limited ("Happiness" or the "Company"), (NASDAQ: HAPP), is pleased to announce that effective on November 12, 2021, the Company will change its name to "Happiness Development Group Limited" (the "Name Change"). In...

Happiness Biotech Group Frequently Asked Questions

  • When was Happiness Biotech Group founded?

    Happiness Biotech Group was founded in 2018.

  • Who are Happiness Biotech Group key executives?

    Happiness Biotech Group's key executives are Xuezhu Wang, Bian Jiong and Xianfu Wang.

  • How many employees does Happiness Biotech Group have?

    Happiness Biotech Group has 215 employees.

  • What is Happiness Biotech Group revenue?

    Latest Happiness Biotech Group annual revenue is $65.1 m.

  • What is Happiness Biotech Group revenue per employee?

    Latest Happiness Biotech Group revenue per employee is $302.6 k.

  • Who are Happiness Biotech Group competitors?

    Competitors of Happiness Biotech Group include MGI, Mobility Tape and Shandong Weigao Group Medical Polymer.

  • Where is Happiness Biotech Group headquarters?

    Happiness Biotech Group headquarters is located at Shunchang County, Nanping.

  • Where are Happiness Biotech Group offices?

    Happiness Biotech Group has an office in Nanping.

  • How many offices does Happiness Biotech Group have?

    Happiness Biotech Group has 1 office.