Core Insights - Nuo Cheng Jian Hua reported a significant revenue growth of 129.9% year-on-year for Q1 2025, reaching 380 million yuan, driven by the strong performance of its core product, Oubutini, and a licensing agreement with Prolium [1] - The revenue from Oubutini increased by 89.2% year-on-year to 310 million yuan, primarily due to the inclusion of three major indications in medical insurance and enhanced execution by the commercialization team [1] - The gross profit margin improved by 5.1 percentage points year-on-year to 90.5%, with a net profit of 14 million yuan for Q1 2025, marking a profitable quarter [1] - As of March 31, 2025, the company held approximately 7.78 billion yuan in cash and cash equivalents, which will support the acceleration of multiple Phase III clinical trials and investments in differentiated ADCs and other pipelines [1] Company Developments - The CEO, Dr. Cui Jisong, highlighted that 2025 marks the 10th anniversary of the company's development, celebrating a strong start in Q1 with breakthroughs in internationalization and sustained commercialization growth [2] - The company aims to enhance its innovation, commercialization, and internationalization efforts, accelerating multiple Phase III clinical studies in China and globally to benefit more patients [2]