百济神州预计2025年营业收入将介于358亿元至381亿元之间

Core Viewpoint - The company expects its revenue for 2025 to be between 35.8 billion and 38.1 billion yuan, with a significant increase attributed to its leading position in the U.S. market and ongoing expansion in Europe and other key global markets [1] Revenue and Expenses - The projected revenue growth is primarily driven by the strong market presence of Baiyueze in the U.S. and its continuous expansion in Europe and other important global markets [1] - Research and development expenses, along with sales and management expenses, are expected to total between 29.5 billion and 31.9 billion yuan [1] Profitability - The gross margin is anticipated to be in the mid-to-high range of 80% to 90%, with improvements attributed to better product mix and increased production efficiency [1]