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Earnings Call Summary | YS Biopharma(YS.US) Q3 2024 Earnings Conference

Futu News ·  Apr 19 21:16  · Conference Call

The following is a summary of the YS Biopharma Co., Ltd. (YS) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • YS Biopharma reported a total revenue of RMB 438.1 million for the first nine months of fiscal year 2024, a year-over-year decrease by 24.6% due to supply chain disruptions.

  • Net loss of RMB 260 million was recorded for the same period.

  • The company projects double-digit growth in product sales for the end of fiscal year 2024 and throughout 2025.

Business Progress:

  • YS Biopharma successfully addressed inventory issues and balanced their strategy to meet market demands.

  • The company continues to strengthen relationships with CDC customers in China, constituting more than 6% of their network.

  • Priority placed on pre-clinical and clinical pipeline across all subsidiaries in the US, China, and Singapore.

  • Successful results from the Phase III trial of their PIKA rabies vaccine show potential for faster production and improved regimen.

  • The company plans to conduct a Phase 1 study for their Hepatitis B vaccine.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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