HEC Pharma (1558 HK): Robust 1H23 Performance on Flu Outbreak in China
452 Views02 Oct 2023 21:57
SUMMARY
- Yichang HEC Changjiang Pharma (1558 HK) reported a whopping 148% YoY growth in revenue to RMB3,209M in 1H23. Net profit rebounded to RMB3,209M from a loss of RMB33M in 1H22.
- In H1 2023, revenue from Kewei, approved for first-line treatment of influenza, jumped 186% YoY to RMB2,881M, representing ~90% of total revenue, mainly due to spiking flu cases in China.
- Recently, the company obtained approval for premixed Protamine human insulin injection and submitted marketing application for its self-developed product, Yiqibuvir for the treatment of chronic Hepatitis C in China.
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Tina Banerjee
Global Healthcare Analyst
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- HEC Pharma (1558 HK): Strong Performance to Continue as Flu Activity Is On Rise In China04 Jan 2024
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- Yichang HEC Changjiang Pharma (1558 HK): Multiple New Products Launches Bring New Opportunities24 Nov 2021
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