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CSPC Innovation posts 102% loss increase despite revenue growth

August 15, 2025 at 09:49 AM UTCBy FilingReader AI

CSPC Innovation Pharmaceutical reported a net loss of 2.75 billion yuan, up 102% year-over-year, despite operating revenue rising 7.99% to 1.05 billion yuan.

The company increased R&D spending by 80.81% to 455 million yuan, primarily for biotech innovation. Liu Gangsan retired as vice general manager, with Hui Xiwu appointed as replacement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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