On April 30, Yao Ming Kangde said at the performance exchange meeting that the company's CDMO project delivery pace often fluctuates from quarter to quarter, so there is no need to pay special attention to changes in one quarter. Revenue growth slowed in the first quarter, mainly because the CDMO business was based on delivery confirmation revenue. Although all projects are being implemented, the delivery pace and size of late-stage projects vary, and revenue is likely to fluctuate greatly from quarter to quarter. Earnings for the next quarter will gradually rise. CDMO's business revenue is expected to achieve double-digit growth for the full year after deducting COVID-19.
药明康德：扣除新冠业务后，CDMO收入全年预期实现双位数增长
Yao Ming Kangde: After deducting the COVID-19 business, CDMO's revenue is expected to achieve double-digit growth for the whole year
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.