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

About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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