The Zhitong Finance App learned that Yao Ming United (02268) is now up more than 6%. As of press release, it has risen 6.51% to HK$19.96, with a turnover of HK$488.745 million.

According to the news, Yao Ming Union's 2023 financial report shows that the company obtained revenue of RMB 2,124 billion (same unit), an increase of 114.4% over the previous year; net profit attributable to company owners was 284 million yuan, an increase of 82.1% over the previous year; and adjusted net profit increased strongly by 112% to 412 million yuan. Furthermore, the number of integrated projects rose to 143, and 50 new integrated projects were signed in 2023.

Tianfeng Securities pointed out that the company made further breakthroughs in its business after listing, compounding the high boom in the global ADC industry. As of December 31, 2023, the total number of uncompleted orders of the company was 579 million US dollars, an increase of 81.9% over the previous year. The company has completed IND project applications for 15 ADC drug candidates and has cooperated with 6 of the top ten global pharmaceutical companies. The number of service pipelines and global customer reputation have increased rapidly. Furthermore, global production capacity is being released at an accelerated pace, and continuous capacity expansion is empowering global customers.