Summary by Futu AI
Wuxi Pharmaceutical Ming Kand New Drug Development Co., Ltd. (Pharmaceutical Ming Kand) announces its annual results for the year ended 31 December 2023. During the reporting period, the Company achieved operating income of RMB40,340.8 million, an increase of 2.5% year-on-year; achieved a net net profit of RMB10,690.2 million, an increase of 21.3% year-on-year. THE COMPANY PROVIDES INTEGRATED, END-TO-END NEW DRUG R&D AND PRODUCTION SERVICES TO THE GLOBAL PHARMACEUTICAL AND LIFE SCIENCES INDUSTRIES, WITH OPERATING BASES IN ASIA, EUROPE, NORTH AMERICA AND MORE. Pharma Kund helps customers improve R&D efficiency through its “CRDMO” and “CTDMO” business models. The Company intends to distribute a cash dividend of RMB9.8336 (tax included) per 10 shares to all shareholders. In addition, the Company announced a plan to repurchase A shares in a centralized tender manner after the reporting period and plans to pay dividends by June 30, 2024.