Hualan Biological Engineering Inc. Class ASZSE: 002007

Hualan Biological Engineering: Net profit fell 26.6% as vaccine sales dropped, but blood products revenue grew 10.9%

· Issued by Hualan Biological Engineering Inc. Class A

Revenue and net profit declined year-over-year due to vaccine market contraction and price competition, while blood products showed stable growth. R&D investment increased, and a major vaccine price cut is expected to impact short-term revenue but may drive future market expansion.

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