Hualan Biological Engineering Inc. Class ASZSE: 002007

Hualan Biological Engineering: Revenue and profit fell sharply year-over-year amid regulatory and tax changes

· Issued by Hualan Biological Engineering Inc. Class A

Revenue and net profit declined 12.16% and 26.44% year-over-year, respectively, with negative operating cash flow due to higher outflows. Several new drug clinical trial approvals were obtained, while VAT policy changes increased tax rates on biological products.

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