Core Viewpoint - 康希诺生物 reported a significant improvement in its financial performance for the first half of 2025, with a notable increase in revenue and a reduction in losses, indicating a positive trend in its business operations and market presence [1] Financial Performance - Revenue for the first half of 2025 reached approximately 374 million yuan, representing a year-on-year growth of 31.1% [1] - Research and development expenses decreased by 20.5% to about 148 million yuan [1] - The company's net loss attributable to owners narrowed to 13.485 million yuan, a reduction of 94.02% compared to the previous year [1] - Earnings per share showed a loss of 0.05 yuan [1] Product Development and Market Position - 康希诺生物 continued to advance the commercialization of its meningococcal conjugate vaccine, with successful market penetration in China's mid-to-high-end vaccine sector [1] - Sales revenue from the meningococcal conjugate vaccine amounted to approximately 364 million yuan, reflecting a year-on-year increase of 38.4%, contributing to stable revenue growth for the company [1] R&D Efficiency - The reduction in R&D expenses was attributed to the company's focus on integrating research resources and leveraging potential synergies across different pipelines, which enhanced research efficiency while lowering costs [1] - The company concentrated its R&D resources on high-potential projects [1]

Core Insights - The company reported a total revenue of 382 million yuan for the first half of 2025, with a net profit attributable to shareholders of -13.49 million yuan [1] - The operating cash flow showed a net inflow of 11.28 million yuan [1] Financial Performance - The latest debt-to-asset ratio stands at 36.36% [3] - The gross profit margin is 82.54%, which is a decrease of 0.15 percentage points compared to the previous quarter [3] - The return on equity (ROE) is -0.28% [3] - The diluted earnings per share (EPS) is -0.05 yuan [3] - The total asset turnover ratio is 0.05 times [3] - The inventory turnover ratio is 0.21 times, a decrease of 0.04 times compared to the same period last year, representing a year-on-year decline of 16.46% [3] Shareholder Structure - The number of shareholders is 17,500, with the top ten shareholders holding a total of 176 million shares, accounting for 71.04% of the total share capital [3] - The top ten shareholders and their respective holdings are as follows: - HKSCC NOMINEES LIMITED: 39.5 million shares - Zhu Tao: 7.27 million shares - Xuefeng Yu: 7.26 million shares - Dongxu Qiu: 6.92 million shares - Helen Huihua Mao: 3.72 million shares - Champden LLC: 2.42 million shares - Shanghai Qianxi Yi Enterprise Management Partnership: 1.40 million shares - Shanghai Qianxi Rui Enterprise Management Partnership: 1.33 million shares - Advanced Manufacturing Industry Investment Fund: 0.59 million shares - Sun Ge: 0.57 million shares [3]

Core Insights - The company reported a revenue of 382 million RMB in the first half of 2025, representing a year-on-year growth of 26% [1] - The net loss attributable to shareholders was 13.49 million RMB, significantly reduced from a net loss of 225 million RMB in the same period last year [1] - The net cash flow from operating activities was 11.28 million RMB, a substantial improvement from a negative cash flow of 214 million RMB in the previous year [1] Financial Performance - The gross profit margin reached 82.54%, an increase of 12.68 percentage points year-on-year, with a 5.14 percentage point increase when excluding overflow costs from the previous year [1] - The company implemented cost reduction and efficiency improvement measures, resulting in significant savings across multiple expense categories during the reporting period [1] Vaccine Sales and Market Position - The sales revenue from the meningococcal conjugate vaccine was approximately 364 million RMB, reflecting a year-on-year growth of 38.43% [1] - The product, known as Manhaixin®, is the only quadrivalent meningococcal conjugate vaccine in the Chinese market, and its increasing market share contributed to the overall revenue growth of 26% [1]

证券日报网讯 8月20日晚间，康希诺发布公告称，公司于2025年8月20日召开了第三届董事会第八次会 议、第三届监事会第八次会议，审议通过了《关于使用暂时闲置募集资金进行现金管理的议案》，同意 公司在保证不影响募集资金投资项目实施、募集资金安全的前提下，使用最高不超过34，000万元的暂 时闲置募集资金进行现金管理，用于购买安全性高、流动性好、有保本约定的投资产品（包括但不限于 保本型理财产品、结构性存款、通知存款、定期存款、大额存单等），使用期限不超过12个月，在前述 额度及期限范围内，公司可以循环滚动使用。董事会授权董事长在上述额度及决议有效期内行使投资决 策权、签署相关文件等事宜，具体事项由公司财务管理中心负责组织实施。 （编辑 楚丽君） ...

Core Viewpoint - The company, CanSino (688185.SH), reported a significant improvement in its financial performance for the first half of 2025, with revenue growth and reduced net losses compared to the previous year [1] Financial Performance - The company achieved a revenue of 382 million RMB, representing a year-on-year increase of 26% [1] - The net loss attributable to shareholders was 13.49 million RMB, a substantial reduction from a net loss of 225 million RMB in the same period last year [1] - The net cash flow from operating activities was 11.28 million RMB, compared to a negative cash flow of 214 million RMB in the previous year [1] Operational Efficiency - The company improved its overall operational efficiency, leading to a gross margin of 82.54%, which is an increase of 12.68 percentage points year-on-year [1] - The adjusted gross margin, excluding overflow costs, increased by 5.14 percentage points due to a higher proportion of revenue from high-margin vaccine sales [1] - Cost-saving measures implemented by the company resulted in significant expense reductions during the reporting period [1] Vaccine Sales and Market Position - The sales revenue from the meningococcal conjugate vaccine reached approximately 364 million RMB, marking a year-on-year growth of 38.43% [1] - The product, Manhaixin®, is the only quadrivalent meningococcal conjugate vaccine in the Chinese market, and its increasing market share contributed to the overall revenue growth of 26% [1]

证券日报网讯 8月20日晚间，康希诺发布公告称，2025年上半年公司实现营业收入382，329，923.55 元，同比增长26.00%。 ...

Core Viewpoint - The company announced the approval of several proposals, including the 2025 semi-annual report and summary, during the eighth meeting of the third supervisory board [2] Group 1 - The company held its third supervisory board's eighth meeting on August 20 [2] - The meeting resulted in the approval of the proposal regarding the 2025 semi-annual report and summary [2]

Group 1 - The company reported a revenue of 382 million yuan for the first half of the year, representing a year-on-year growth of 26% [2] - The net profit attributable to shareholders was a loss of 13.49 million yuan, an improvement from a loss of 225 million yuan in the same period last year [2] - The basic earnings per share stood at -0.05 yuan [2]

Core Viewpoint - CanSino Biologics (06185) reported a revenue of approximately 374 million yuan for the first half of 2025, representing a year-on-year increase of 31.1% [1] Financial Performance - The company's R&D expenditure decreased by 20.5% to approximately 148 million yuan [1] - The net loss attributable to the owners narrowed to 13.485 million yuan, a year-on-year reduction of 94.02% [1] - The loss per share was 0.05 yuan [1] Product Development - The company continued to advance the commercialization of its meningococcal conjugate vaccine, with sales revenue of approximately 364 million yuan, an increase of 38.4% compared to the same period last year [1] - The vaccine has successfully penetrated the mid-to-high-end vaccine market in China, with increasing market penetration [1] R&D Efficiency - The reduction in R&D expenditure was primarily due to the company's focus on integrating R&D resources and leveraging potential synergies among different pipelines [1] - This strategy has enhanced R&D efficiency while also lowering costs, allowing the company to concentrate resources on high-potential R&D projects [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 CanSino Biologics Inc. 康希諾生物股份公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6185） 海外監管公告 本 公 告 乃 康 希 諾 生 物 股 份 公 司（「本公司」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市規則第13.10B 條而發表。 茲 載 列 本 公 司 於 上 海 證 券 交 易 所 網 站 刊 發 的《康 希 諾 生 物 股 份 公 司2025年半年度 報 告》《康 希 諾 生 物 股 份 公 司2025年 半 年 度 報 告 摘 要》《康 希 諾 生 物 股 份 公 司 第 三 屆 監 事 會 第 八 次 會 議 決 議 公 告》《康 希 諾 生 物 股 份 公 司2025年半年度募集資金存 放 與 實 際 使 用 情 況 專 項 報 告》《康 希 諾 生 物 股 份 公 司 關 於 使 用 暫 時 閒 置 募 集 資 ...