bullish
CSPC Pharmaceutical (1093 HK): 2021 Results Review- Double-Digit Top-Line Growth, Driven By Oncology
404 Views24 Mar 2022 23:35
SUMMARY
- CSPC Pharmaceutical Group (1093 HK) shares climbed nearly one-month highs after strong 2021 results and new drug approval. The company has recommended final dividend of HKD 0.10/share.
- 2021 revenue increased 12% y/y to RMB28 billion, mainly driven by the growth in the finished drug businesses. This has eased concern of CSPC’s revenue sensibility to pricing headwind.
- The company is on track to launch more than 30 innovative and new-formulation drugs, and over 60 generic drugs in the next five years.
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Rising
Tina Banerjee
Global Healthcare Analyst
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