Analysis of Inventory Turnover Days of Bairuiji Biopharmaceuticals

Based on public information, the inventory turnover days of

(Stock Code: 874637) are as follows:

Reporting Period	Inventory Turnover Ratio (times/year)	Inventory Turnover Days
2024	2.11	~173 days
2023	2.13	~171 days
2022	1.74	~210 days

• Inventory Turnover Days = 365 days ÷ Inventory Turnover Ratio
• 2024: 365 ÷ 2.11 ≈
  173 days

Based on the latest 2024 data [1]:

Indicator	Bairuiji	Industry Average
Inventory Turnover Ratio	2.11 times	2.34 times
Gross Profit Margin	82.19%	51.83%

1. Inventory Turnover Efficiency
   : Bairuiji’s inventory turnover days are
   173 days
   , meaning the company’s inventory turns over approximately every 173 days on average. This indicator is slightly lower than the industry average (industry inventory turnover ratio of 2.34 times), indicating that there is room for improvement in the company’s inventory management efficiency.

2. High Gross Profit Margin Feature
   : Although the inventory turnover ratio is lower than the industry average, the company’s gross profit margin is as high as
   82.19%
   , significantly higher than the industry average of 51.83%, reflecting the strong pricing power and market competitiveness of the company’s products [1].

3. Improvement Trend
   : Looking at historical data, the inventory turnover ratio has increased from 1.74 times in 2022 to 2.11 times in 2024, indicating that the company’s inventory management efficiency is continuously improving.

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[1] Sina Finance - IPO Eagle Eye Warning: Bairuiji’s Gross Profit Margin Fluctuates (https://finance.sina.cn/2026-01-17/detail-inhhrkit9629195.d.html)