Summary by Moomoo AI
BEIGENE's overall performance in 2024 was strong, with total revenue reaching $3.81 billion, a year-on-year increase of 55.0%. Product revenue grew by 72.6% to $3.78 billion, with global sales of Baizean reaching $2.64 billion, a year-on-year increase of 104.9%; and Baizean's sales reaching $0.62 billion, a year-on-year increase of 15.7%. The gross margin reached 84.3%, and the operating loss narrowed by 53.0% to $0.568 billion compared to the previous year.The company's R&D investment continued to increase, with total R&D expenses rising by 9.8% to $1.95 billion, and sales and management expenses rising by 21.4% to $1.83 billion. As of the end of 2024, the company's cash and cash equivalents amounted to $2.64 billion, short-term borrowings were $0.85 billion, and long-term borrowings were $0.17 billion. The...Show More
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