Summary by Moomoo AI
Hualing Pharmaceutical's revenue for the fiscal year 2024 reached 0.2559 billion yuan, a year-on-year increase of 234%, mainly benefiting from the significant sales increase after Huatangning® was included in the national medical insurance catalog. During the year, approximately 2.105 million boxes of Huatangning® were sold, and the product has entered about 2,700 hospitals in mainland China. As of the end of 2024, the company holds 1.14 billion yuan in cash, and the balance sheet remains robust.The company will fully take over the commercialization of Huatangning® in mainland China from January 1, 2025, and has appointed Mr. Lu Yu, who has 20 years of experience in the commercialization of diabetes medications, to lead the sales and marketing efforts. In the first two months of 2025, sales of Huatangning...Show More
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