Shanghai Pharma
Pharmaceuticals
Founded 1994. Operates mainly in China, but acquired Australian vitamin business Vitaco in 2016.

Overall

Owned CHN
Rating F
About the Ratings
Shanghai Pharmaceuticals Holding Co., Ltd
CHN

Company Assessment

(Last updated Jan 2023)
Shanghai Pharmaceuticals Holding Co., Ltd
Criticism
Supply chain practices in China
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 10.34/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
Part owned by Govt of China
This company's ownership structure is complex, but it is at least 24.8% owned by Shanghai SASAC, which is owned by the Govt of China, which has received criticisms, particularly over human rights.
Price fixing in China
In 2016 China's anti-monopoly regulator fined five domestic drug firms, including a subsidiary of this company, a total of close to 4 million yuan ($607,977) for fixing the prices of their medicines. Between April 2014 to September 2015 the companies raised the price of allopurinol tablets, a drug used to treat gout and kidney disease, the National Development and Reform Commission (NDRC) said in statements on its website.
20/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 20/100 in the Health Care Providers & Services category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
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Company Details

Type:
Public company
Founded:
1994
Revenue:
28.35 billion USD (2019)
Employees:
42,236 (2017)
Subsidiaries:
Vitaco Holdings Ltd (60% owned)
Health food, supplements and sports nutrition
Vitaco began in 2007 when two Australasian health & wellness companies merged: Nutra-Life and Healtheries. Bought Bodytrim in 2014 and Musashi in 2015. Next Capital acquired a majority stake in 2007 and floated Vitaco on the ASX in 2015. Soon afterwards the company was acquired by Shanghai Pharmaceuticals and Chinese investment firm Primavera Capital.
Musashi Pty Ltd
Health and sporting supplement makers
Acquired by Vitaco Health in 2015. Owned by Nestle from 2005-2014.

Contact Details

Address:
Shanghai, China
Website:
www.sphchina.com

Products / Brands

Vitaco (60% owned)
Abundant Earth Milk Flavouring
★ certified organic
Abundant Earth Health Foods
Athena Sports Nutrition
Aussie Bodies Sports Nutrition
Balance Sports Nutrition
Bodytrim Weight Loss
Healtheries Health Bars
Healtheries Health Foods
Healtheries Tea
Musashi Sports Nutrition
Musashi Weight Loss
Musashi Energy Energy Drinks
Nutra-Life Vitamins