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On August 26, CSPC (01093.
HK) disclosed its interim results for the six months ended June 30, 2021.
The total revenue was 13.
833 billion yuan (the same unit below), a year-on-year increase of 9.
8%; gross profit was 105.
25 100 million yuan, an increase of 11.
5% year-on-year; the announcement stated that benefiting from the increase in the product portfolio of the finished medicine business and the increase in product prices of vitamin C raw materials, the gross profit margin for the current period increased by 1.
1 percentage points to 76.
1%
.
Among them, the company's proprietary medicine business recorded a sales revenue of 11.
233 billion yuan in the first half of 2021, an increase of 9.
8% over the same period last year
.
Among them, anti-tumor products achieved sales of 3.
In the raw material business, the sales revenue of the vitamin C product business in the first half of 2021 was 1.
081 billion yuan, an increase of 7.
5% over the same period last year
.
In the first half of 2021, the sales revenue of antibiotics and other businesses was 836 million yuan, an increase of 30.
The sales revenue of functional food and other businesses in the first half of 2021 was 672 million yuan, a decrease of 5.
9% from the same period last year
.
In recent years, CSPC has invested a large amount of research and development funds in order to transform from raw materials to innovative drugs
.
From 2017 to 2020, the research and development expenses are 815 million, 1.
It is worth mentioning that before, Hengrui Medicine released its financial report on the evening of August 19, and its operating income for the first half of 2021 was approximately 13.
According to the financial report for the first half of 2020, Hengrui’s revenue was 11.
For the whole year of 2020, CSPC's annual revenue was 24.
