Summary by Moomoo AI
In 2024, DQ Biopharma's revenue reached 91.95 million yuan, a year-on-year increase of 36.7%, primarily benefiting from a significant surge in sales in the mainland China market, driving a 27.4% income growth in the region. Despite a price reduction following the inclusion of Xivio® (selinexor) in the national medical insurance catalog in December 2023, strong sales performance was still achieved. Revenue from Other countries and regions grew by 85.7% year-on-year.The company's annual loss narrowed significantly by 45% from 0.581 billion yuan in 2023 to 0.319 billion yuan in 2024. R&D costs decreased from 0.406 billion yuan in 2023 to 0.259 billion yuan in 2024, mainly due to improvements in R&D efficiency and reductions in licensing fees. Sales and distribution expenses also fell from 0.193 billion yuan to...Show More
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