CSPC Pharmaceutical Group (HK:1093) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
CSPC Pharmaceutical Group reported a 4.9% decline in total revenue for the first nine months of 2024, driven by decreases in its finished drug and bulk product sectors. The company’s underlying profit attributable to shareholders fell by 15.2%, attributed to reduced sales in key therapeutic areas like oncology, despite growth in newer products. This financial dip reflects the challenges faced amid tightened hospital controls and significant price cuts from volume-based procurement initiatives.
For further insights into HK:1093 stock, check out TipRanks’ Stock Analysis page.
