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

CSPC Innovation Pharmaceutical: Revenue and profit fell, but expansion into biologics and new drug launches signal future growth

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

Revenue and net profit declined sharply year-over-year due to lower caffeine prices and increased R&D spending, but the company expanded into innovative biologics and launched a new PD-1 antibody drug. Gross margin and cash flow also fell, while major investments and share buybacks were completed.

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