CR Boya Bio-pharmaceutical Affiliate Projects Net Profit Drop Amid Market Downturn
CR Boya Bio-pharmaceutical, an affiliate of China Resources Pharmaceutical Group Ltd., anticipates a 10% to 25% increase in operating revenue for the year ending December 31, 2025, due to the acquisition of Green Cross HK Holdings Limited. However, the net profit attributable to shareholders is expected to decline significantly, primarily due to a downturn in the hyaluronic acid market and impairments of approximately RMB300 million related to intangible assets and goodwill following the acquisition. The company is listed on the Shenzhen Stock Exchange.
Reuters·