Summary by Moomoo AI
In the fiscal year 2024, Kangning Jiere Biopharmaceutical achieved revenue of RMB 0.64 billion, a year-on-year increase of 192.6%; the company turned a profit during the year, recording a net profit of RMB 0.166 billion, compared to a loss of RMB 0.211 billion in the same period last year. The revenue growth was primarily driven by a significant increase in licensing fee income to RMB 0.464 billion, as well as pharmaceutical sales and royalty income of RMB 0.159 billion.The company's research and development investment remained stable, with annual R&D expenses of RMB 0.404 billion. During the period, several research products made significant progress: KN035 received breakthrough therapy designation from CDE; JSKN003 completed multiple clinical trials and was approved to conduct Phase III studies; and clinical...Show More
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