Summary by Moomoo AI
Cornerstone Pharmaceutical announced that for the fiscal year ending December 31, 2024, total revenue was 0.407 billion yuan, a year-on-year decrease of 12.2%. Among this, licensing income increased by 113.1% to 0.204 billion yuan, royalty income was 28.12 million yuan, and pharmaceutical sales revenue was 0.175 billion yuan. The loss for the year narrowed significantly by 75.2% from the previous year's 0.367 billion yuan to 91.21 million yuan, mainly benefiting from a significant reduction in operating expenses.The company's research and development expenses decreased year-on-year by 74.5% to 0.135 billion yuan, primarily due to reduced milestone payments and third-party contract costs. Sales and marketing expenses fell by 32.9% to 0.134 billion yuan, while administrative expenses dropped by 57.4% to 77.8 million yuan. As of the end of 2024, the company had...Show More
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