{"id":30564,"date":"2025-03-26T15:32:59","date_gmt":"2025-03-26T07:32:59","guid":{"rendered":"https:\/\/flcube.com\/?p=30564"},"modified":"2025-03-26T15:33:01","modified_gmt":"2025-03-26T07:33:01","slug":"fosun-pharmas-2024-revenue-reaches-rmb-41-1-billion-amid-rd-investment","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=30564","title":{"rendered":"Fosun Pharma&#8217;s 2024 Revenue Reaches RMB 41.1 Billion Amid R&amp;D Investment"},"content":{"rendered":"\n<p>China-based Shanghai Fosun Pharmaceutical (Group) Co., Ltd (<a href=\"https:\/\/www.google.com\/finance\/quote\/600196:SHA\">SHA: 600196<\/a>, <a href=\"https:\/\/www.google.com\/finance\/quote\/2196:HKG\">HKG: 2196<\/a>) has released its 2024 financial report, recording revenues of RMB 41.1 billion (USD 5.7 billion), a slight decrease of 0.80% year-on-year (YOY). The net profit attributable to the parent company reached RMB 2.77 billion (USD 381 million), marking a 16.08% YOY increase. The company invested a total of RMB 5.55 billion (USD 764 million) in research and development (R&amp;D), with RMB 4.91 billion (USD 676 million) allocated to the pharmaceutical business.<\/p>\n\n\n\n<p><strong>Business Sector Performance<\/strong><br>The pharmaceutical business generated RMB 28.9 billion (USD 4 billion) in sales, accounting for 70.43% of total revenues. Despite a 4.29% YOY decline, Fosun Pharma&#8217;s integration and optimization of R&amp;D systems and focus on advantageous pipelines allowed profits to grow by 65.73% to RMB 3.25 billion (USD 447 million). Sales of core products in anti-tumor and immune regulation, as well as cardiovascular system therapies, saw significant increases of 5.84% and 14.00% to RMB 8.1 billion (USD 1.1 billion) and RMB 1.9 billion (USD 263 million), respectively. Key products including Hanquyou (trastuzumab biosimilar), Hanlikang (rituximab biosimilar), PD-1 inhibitor HanSiZhuang (serplulimab), and heparin series preparations collectively generated sales exceeding RMB 1 billion (USD 138 million) in 2024.<\/p>\n\n\n\n<p><strong>R&amp;D and Regulatory Milestones<\/strong><br>During the period, Fosun Pharma obtained 16 indication approvals for seven novel drugs\/biosimilars, either developed in-house or licensed-in. Eight novel drugs\/biosimilars entered pre-market regulatory review or pivotal clinical stages, with a total of 18 novel drugs\/biosimilars cleared for clinical trials.<\/p>\n\n\n\n<p><strong>Medical Device and Diagnostic Business<\/strong><br>The medical device and diagnostic business recorded RMB 4.3 billion (USD 595 million) in sales, accounting for 10.53% of total revenue. The decline was attributed to reduced COVID-19 product demand, volume-based procurement of diagnostic reagents, and pricing pressures in the diagnostic business.<\/p>\n\n\n\n<p><strong>Medical and Health Services<\/strong><br>Sales of medical and health services grew by 14.61% YOY to RMB 7.6 billion (USD 1.1 billion), increasing the proportion of total revenue from 16.12% to 18.62%. This growth was driven by the construction of key specialties, smart healthcare initiatives, and improvements in integrated operational efficiency.<a href=\"https:\/\/flcube.com\/\">-Fineline Info &amp; Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China-based Shanghai Fosun Pharmaceutical (Group) Co., Ltd (SHA: 600196, HKG: 2196) has released its 2024&#8230;<\/p>\n","protected":false},"author":1,"featured_media":30565,"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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[27,159,893,892],"class_list":["post-30564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","tag-finanical-reports","tag-fosun-pharmaceutical","tag-hkg-2196","tag-sha-600196"],"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>Fosun Pharma&#039;s 2024 Revenue Reaches RMB 41.1 Billion Amid R&amp;D Investment - Insight, China&#039;s Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"China-based Shanghai Fosun Pharmaceutical (Group) Co., Ltd (SHA: 600196, HKG: 2196) has released its 2024 financial report, recording revenues of RMB 41.1 billion (USD 5.7 billion), a slight decrease of 0.80% year-on-year (YOY). The net profit attributable to the parent company reached RMB 2.77 billion (USD 381 million), marking a 16.08% YOY increase. 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The net profit attributable to the parent company reached RMB 2.77 billion (USD 381 million), marking a 16.08% YOY increase. 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