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Junshi Biosciences Announces Key Financial Results for 2019 Hong Kong Stock Exchange: 1877.HK

 


SHANGHAI, China, March 2, 2020 (GLOBE NEWSWIRE) – Shanghai Junshi Biosciences Co., Ltd. ("The Company", HKEX: 1877), an innovation-focused biopharmaceutical company dedicated to the discovery and development of innovative drugs with worldwide research and commercialization, published today Today's key financial results for 2019. The disclosure of the unaudited results relates to the Company's response to the request for candidacy for the initial public offering of A shares on the Conseil de l & # 39; scientific and technological innovation of the Shanghai Stock Exchange. Please refer to the company's website for announcements made on March 2, 2020, which contain information and additional information regarding the financial results for the year 2019. The official annual results will be published in late March.

KEY FINANCIAL INFORMATION FOR 2019

The key financial data (unaudited) of the Company for 2019 is as follows (in RMB):

12 months ending
The 31st of December,
article 2019 2018 Change
Exploitation product 775 089 154 2927574 26375.48%
Operating loss (738 885 494) (719 297 594) (2.72%)
Total loss (766 619 429) (724 067 475) (5.88%)
Net profit attributable to ordinary shareholders of the Company (747 417 849) (722 915 447) (3.39%)
Net profit attributable to ordinary shareholders of the Company and after excluding extraordinary gains and losses (775 928 714) (706 027 805) (9.90%)
Basic earnings per share (0.96) (1.21) 20.66%
Weighted average return on net assets (22.58%) (72.97%)
As of December 31,
2019 2018 Change
Total assets 4 411 954 609 4250320852 3.80%
Equity attributable to ordinary shareholders of the Company 2,978,032,783 3,315,255,400 (10.17%)
Share capital 784 146 500 760310000 3.14%
Net assets per share attributable to common shares 3.80 4.36 (12.84%)

Major operating results for 2019

In 2019, sales of "Toripalimab", the Company's first product, were marketed, which significantly increased the Company's operating profit in 2019. In addition, research and development, production and sales of the Company's main products were sound. No significant changes were made to the business model, supplier composition, tax policy and other major issues of the Company, which could affect the judgment of investors, and the overall operation was healthy.

Toripalimab's quarterly sales (unaudited) in 2019 are as follows:

First
quarter of
Second
quarter of
Third
quarter of
Fourth
quarter of
article 2019 2019 2019 2019
Income amount (RMB0,000) 7,811.75 23,022.35 21,781.38 24,796.94
Sales volume (bottle) 13,984 40.147 38 102 43.292

About Junshi Biosciences

Founded in 2012, Junshi Biosciences is committed to developing first-class and best-in-class drugs through original innovation and becoming a pioneer in translational medicine to provide patients with treatment options that work better and cost less. On December 24, 2018, Junshi Biosciences was listed on the main board of the Hong Kong Stock Exchange Limited with the stock code: 1877.HK.

The Company has set up a diversified R&D pipeline comprising 20 drug candidates with therapeutic areas covering anti-tumors, metabolic diseases, auto-immune diseases and neurological diseases. Product types include monoclonal antibodies, fusion proteins, ADCs and small molecule drugs. With a fermentation capacity of 33,000 L of biopharmaceutical production established in Shanghai and Wujiang by the end of 2019, we will meet marketing needs and provide our partners and patients with a global supply chain network .

For more information on Junshi Biosciences, please visit http://www.junshipharma.com/

Contact:

IR team:
[email protected]
+ 86 021-2250 0300

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