Summary by Futu AI
CSPC Pharma subsidiary CSPC Innovation Pharmaceutical Co., Ltd. (referred to as 'CSPC Innovation', stock code: 300765) released the unaudited third-quarter report for the nine months ended September 30, 2024 on October 23, 2024. The report shows that CSPC Innovation's revenue for the reporting period decreased by 14.48% compared to the same period last year, and the net profit attributable to shareholders of the listed company plummeted by 98.03%. In addition, both the basic EPS and diluted EPS dropped by over 97%. The financial situation of CSPC Innovation indicates significant changes in items such as monetary funds, accounts receivable financing, and accounts payable, with a 65.69% decrease in monetary funds. The main reasons include the company's large purchases of time deposits, share repurchases, cash dividends, and R&D payments. CSPC Pharma emphasizes that this financial report only reflects the financial condition of CSPC Innovation, not the overall financial data of CSPC Pharma, and reminds investors to act cautiously when trading the company's securities.