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3692 — Hansoh Pharmaceutical News Story

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China's Hansoh Pharma H1 revenue rises, driven by innovative medicines segment

China's Hansoh Pharma H1 revenue rises, driven by innovative medicines segment


Overview

  • China pharmaceutical firm's H1 revenue rose 11.7% yr/yr, driven by innovative medicines segment

  • Net profit for the period increased 35.8%

  • Profit growth attributed to higher innovative medicine revenue and increased other income


Outlook

  • Company did not provide specific financial guidance for the current qtr or full yr in the press release


Result Drivers

  • INNOVATIVE MEDICINES - Co said increased revenue from innovative medicines was the main driver of profit and EPS growth

  • PRODUCT INDICATION EXPANSION - Expanded indications and approvals for Ameile and other products contributed to revenue growth

  • R+D INVESTMENT - Increased R+D spending supported new product development and pipeline expansion


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 8.3 bln

H1 Net Income Attributable

RMB 4.26 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Hansoh Pharmaceutical Group Company Limited is HK$44.68, about 40.8% above its August 26 closing price of HK$31.74

  • The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 32 three months ago


Reuters Recommended Reads

  • Aug 25 - China's Innovent Biologics H1 revenue, profit rise on strong product sales

  • Aug 24 - China's RemeGen H1 revenue soars on drug sales, AbbVie deal

  • Aug 24 - China's InnoCare Pharma H1 revenue surges, partly on orelabrutinib growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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