Performance has declined for three consecutive years

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shapanwwuom
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Joined: Thu Jan 02, 2025 8:24 am

Performance has declined for three consecutive years

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Before this merger and acquisition , Shengxiang Bio 's attributable net profit had declined for three consecutive years from.


In the first three quarters of 2024, Shengxiang Bio's attributable net profit also declined. During the reporting period, the company achieved operating income of 1.033 billion yuan, a year-on-year increase of 63.24%; the corresponding attributable net profit was 195 million yuan, a year-on-year decrease of 34.8%.

In order to reduce its dependence on the sales of new coronavirus nucleic acid testing reagents and instruments , in 2022, Shengxiang Bio proposed "second entrepreneurship" to find new growth points.

On May 9, 2023, the company announced that it plans to job seekers data jointly invest with its related parties to establish Hunan Shengxiang Ansai Biotechnology Co., Ltd. to further improve the company's comprehensive strategic layout in the field of immunodiagnosis, especially chemiluminescence.

A year later, Shengxiang Bio announced again that it plans to jointly invest with its related parties in a joint venture, Hunan Shengwei Sumin Biotechnology Co., Ltd., to further focus on the field of rapid drug sensitivity testing.

In addition, Shengxiang Bio has also introduced former senior executives of international giants, established industrial funds, and taken a series of measures to enhance its innovation capabilities and expand its industrial layout, in order to achieve "second entrepreneurship" and maintain its high-speed growth momentum.

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