Cspc Innovation Pharmaceutical Co., Ltd. Class ASZSE: 300765

CSPC Innovation Pharmaceutical: Net profit plunged 87.63% as R&D spending rose and caffeine prices dropped, but biopharma sales soared 153%

· Issued by Cspc Innovation Pharmaceutical Co., Ltd. Class A

Net profit fell 87.63% year-over-year due to lower caffeine prices and higher R&D spending, while biopharmaceutical revenue surged 153% with new product launches. The company advanced its strategic transformation, maintained strong gross margins in biopharma, and increased R&D investment to 42.52% of revenue.

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