{"id":24813,"date":"2022-10-28T01:22:00","date_gmt":"2022-10-27T17:22:00","guid":{"rendered":"https:\/\/flcube.com\/?p=24813"},"modified":"2025-02-02T01:25:25","modified_gmt":"2025-02-01T17:25:25","slug":"shanghai-pharmaceuticals-reports-12-86-yoy-revenue-growth-in-q3-2022","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=24813","title":{"rendered":"Shanghai Pharmaceuticals Reports 12.86% YOY Revenue Growth in Q3 2022"},"content":{"rendered":"\n<p>Shanghai Pharmaceuticals (<a href=\"https:\/\/www.google.com\/finance\/quote\/2607:HKG\">HKG: 2607<\/a>, <a href=\"https:\/\/www.google.com\/finance\/quote\/601607:SHA\">SHA: 601607<\/a>) released its Q3 2022 financial report, recording RMB 62.904 billion (USD 8.7 billion) in revenues during the three months, up 12.86% year-on-year (YOY). The growth was driven by strong performances in both the pharmaceutical industry and pharmaceutical commerce sectors.<\/p>\n\n\n\n<p><strong>Sector Performance<\/strong><br>The \u201cpharmaceutical industry\u201d and \u201cpharmaceutical commerce\u201d sectors recorded revenues of RMB 6.743 billion (USD 930.8 million) and RMB 56.161 billion (USD 7.75 billion), respectively, up 9.02% YOY and 13.34% YOY. These sectors also maintained a strong profit momentum, bringing in RMB 1.118 billion (USD 154 million) in net profits, up 22.02% YOY.<\/p>\n\n\n\n<p><strong>R&amp;D Investment<\/strong><br>Shanghai Pharmaceuticals continued to prioritize research and development, investing RMB 579 million (USD 79.9 million) from July to September, a 19.05% increase YOY. This investment underscores the company&#8217;s commitment to innovation and the development of new pharmaceutical products.<\/p>\n\n\n\n<p><strong>Clinical and Regulatory Progress<\/strong><br>During the period, Shanghai Pharmaceuticals obtained approval to conduct a Phase II clinical study for its Category 1 biologic B013 in triple-negative breast cancer, a Phase II study for its autoimmune drug candidate I001-B in ulcerative colitis, and a Phase II study for its I037, an acute stroke drug candidate. Additionally, the company&#8217;s recombinant COVID-19 vaccine for inhalation (adenovirus type 5 vector), developed by CanSino Biologics (HKEX: 6185), received emergency use authorization in Shanghai last month as a booster shot.<\/p>\n\n\n\n<p><strong>Future Outlook<\/strong><br>With robust financial performance and significant investment in R&amp;D, Shanghai Pharmaceuticals is well-positioned to continue its growth trajectory and advance its pipeline of innovative pharmaceuticals.<a href=\"https:\/\/flcube.com\/\">-Fineline Info &amp; Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shanghai Pharmaceuticals (HKG: 2607, SHA: 601607) released its Q3 2022 financial report, recording RMB 62.904&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[30,27,890,891,196],"class_list":["post-24813","post","type-post","status-publish","format-standard","hentry","category-company","tag-biotech","tag-finanical-reports","tag-hkg-2607","tag-sha-601607","tag-shanghai-pharmaceuticals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Shanghai Pharmaceuticals Reports 12.86% YOY Revenue Growth in Q3 2022 - Insight, China&#039;s Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Shanghai Pharmaceuticals (HKG: 2607, SHA: 601607) released its Q3 2022 financial report, recording RMB 62.904 billion (USD 8.7 billion) in revenues during the three months, up 12.86% year-on-year (YOY). 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