
CSPC PHARMA 1Q26 Basic Profit Falls 40.3% YoY to RMB842 million

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CSPC PHARMA reported a 40.3% YoY decline in basic profit for 1Q26, totaling RMB842 million. Revenue fell 7.8% YoY to RMB6.465 billion, with net profit down 41.8% to RMB860 million. The finished drug business generated RMB5.224 billion, a 5% decrease YoY, largely due to reduced licensing fee income. R&D expenses rose 7.7% YoY to RMB1.403 billion, representing 26.8% of finished drug revenue.
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