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3SBio (1530) investor relations material
3SBio H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary29 Aug, 2025
Executive summary
Revenue for the six months ended 30 June 2025 was RMB4,355.5 million, down 0.8% year-over-year, with gross profit margin declining to 85.3% from 86.5%.
Net profit attributable to owners rose 24.6% to RMB1,358.2 million, driven by fair value gains and lower finance costs.
Adjusted net profit increased 2.1% to RMB1,135.8 million, while adjusted EBITDA fell 3.2% to RMB1,610.1 million.
Major licensing deal with Pfizer for PD-1/VEGF BsAb (707) included a USD1.25 billion upfront payment and potential total payments up to USD6.05 billion.
Pfizer subscribed for 31.1 million shares at a 17% discount, raising HKD785 million for R&D and corporate purposes.
Financial highlights
Gross profit: RMB3,715.8 million, down 2.1%; gross margin at 85.3%.
EBITDA grew 11.6% to RMB1,832.5 million; adjusted EBITDA fell 3.2% to RMB1,610.1 million.
Basic EPS: RMB0.57, up 26.7%.
Operating cash inflow was RMB969.6 million, down 11.3% year-over-year.
Gearing ratio dropped to 9.9% from 19.7% at year-end 2024 due to bond repayment.
Outlook and guidance
Focus on accelerating R&D and commercialization in oncology, autoimmune, and nephrology.
Plans to leverage dual-track strategy of internal R&D and external partnerships, with continued global expansion.
Capital expenditure over the next three years expected to be RMB800–1,000 million, funded by internal and external sources.
Industry shift in China toward innovation-driven, high-quality pharmaceutical development.
R&D pipeline prioritization strategy?
TPIAO/EPIAO sales growth strategy?
Future capital expenditure funding strategy?
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H2 202524 Mar, 2026
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Frequently asked questions
3SBio Inc. is a China-based biotechnology company engaged in the research, development, manufacturing, and commercialization of biopharmaceutical products. The company focuses on therapeutic areas such as oncology, nephrology, autoimmune diseases, and dermatology. Its product portfolio includes monoclonal antibodies, recombinant proteins, and other biologic treatments. The company is headquartered in Shenyang, China, and its shares are listed on the HKEX.
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