Core Viewpoint - The company reported a strong interim performance for the six months ending June 30, 2025, with significant revenue growth driven by its innovative drug business and strategic partnerships [1][2] Financial Performance - The company achieved revenue of 3.585 billion RMB, a year-on-year increase of 15.1% [1] - Net profit attributable to shareholders reached 604 million RMB, up 32.2% year-on-year [1] - Adjusted net profit was 651 million RMB, reflecting a growth of 21.1% year-on-year [1] - Research and development (R&D) expenses totaled 1.028 billion RMB, a substantial increase of 68%, representing 28.7% of total revenue [1] Business Segments - The innovative drug business contributed 2.776 billion RMB, accounting for 77.4% of total revenue, with a year-on-year growth of 26% [1] - Neuroscience revenue was 1.249 billion RMB, showing a robust increase of 37.3% year-on-year [1] - Oncology revenue reached 874 million RMB, marking a significant growth of 41.1% year-on-year [1] - Autoimmunity revenue remained stable at 878 million RMB, with a year-on-year increase of 3.3% [1] Strategic Developments - The company made important breakthroughs in product pipeline and commercialization, with the approval of innovative drugs such as Kewike (Dareliberine Hydrochloride Tablets) and Enzeshou (Suvorexant Injection) in China [1] - Strategic collaborations were established with international pharmaceutical companies like AbbVie, NextCure, and Idorsia, focusing on ADC, tri-antibody, and central nervous system drug development [2] - The company plans to continue focusing on core areas such as neurology, oncology, autoimmunity, and anti-infection to enhance its innovative drug R&D and commercialization capabilities [2]

Core Insights - The company reported a revenue of 3.585 billion RMB for the six months ending June 30, 2025, representing a year-on-year growth of 15.1% [1] - The innovative drug business contributed 2.776 billion RMB, accounting for 77.4% of total revenue, with a significant year-on-year increase of 26% [1] Business Performance - Neuroscience and oncology sectors showed remarkable performance, with neuroscience revenue reaching 1.249 billion RMB, a year-on-year increase of 37.3%, and oncology revenue at 874 million RMB, up 41.1% year-on-year [1] - Autoimmune revenue remained stable at 878 million RMB, reflecting a year-on-year growth of 3.3% [1] Profitability - The net profit attributable to shareholders reached 604 million RMB, a year-on-year increase of 32.2% [1] - Adjusted net profit attributable to shareholders was 651 million RMB, showing a year-on-year growth of 21.1%, indicating an improvement in profit quality [1] Research and Development - The company significantly increased its R&D investment, totaling 1.028 billion RMB in the first half of the year, a year-on-year increase of 68%, with the R&D expenditure as a percentage of revenue rising from 19.7% to 28.7% [1] Product Pipeline and Collaborations - The company achieved important breakthroughs in product pipeline and commercialization, with innovative drugs such as Kewike (Darexaban) and Enzeshou (Suvorexant) approved for market in China, enhancing its product offerings in major disease areas like insomnia and ovarian cancer [1] - The company established multiple strategic collaborations with international pharmaceutical companies such as AbbVie, NextCure, and Idorsia, making progress in the development of ADC, tri-antibodies, and central nervous system drugs [2] - The company plans to continue focusing on core areas such as neurology, oncology, autoimmune diseases, and anti-infection, aiming to enhance its innovative drug R&D and commercialization capabilities [2]