Sinopharm Accord Q1 2026 Preliminary Results Show Profit Decline Amid Stable Asset Base

Tip Ranks
2026.04.21 11:46
portai
I'm LongbridgeAI, I can summarize articles.

Sinopharm Group Co. has released preliminary Q1 2026 results for its subsidiary Sinopharm Accord, indicating a decline in profitability despite stable asset growth. Revenue decreased by 2.57% to RMB 178.23 billion, with operating profit down 14.24% and net profit attributable to shareholders falling 12.36%. Earnings per share dropped to RMB 0.52, while total assets rose slightly by 0.06%. The stock is currently rated as a Buy with a price target of HK$22.50.