Everest Medicines' stock price fell sharply by 5.00% during intraday trading on Thursday. The decline occurred shortly after the company released its financial results for the fiscal year 2025.
The movement appears to be driven by investor reaction to the company's reported net loss of RMB 297.8 million for the year. Despite the company noting that its revenue rose to approximately CNY 1.71 billion and that the net loss had narrowed from the previous year, the persistence of a significant loss likely disappointed market participants.
Other details from the results included the strong commercial performance of Nefecon, which surpassed CNY 1.0 billion in sales in China following its inclusion in the national reimbursement drug list, and the recent approval for Velsipity in mainland China. However, the overriding focus for traders was the bottom-line loss, leading to the sell-off.
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