BIOCYTOGEN-B (02315) rose more than 4% during morning trading. At the time of writing, the stock was up 4.1% to HK$59.6, with a turnover of HK$26.46 million. The increase follows the company's release of its 2025 annual results, which showed revenue of RMB 1.379 billion, a year-on-year increase of 40.63%. Net profit attributable to shareholders reached RMB 173 million, surging 416.37% year-on-year, while adjusted net profit was RMB 116 million, up 405.39%. After achieving its first profit turnaround in 2024, the company demonstrated explosive growth on the profit front in 2025. Analysts noted that with the divestment of capital-intensive self-developed clinical projects and the maturation of its "Thousand Mice Ten Thousand Antibodies" platform, BIOCYTOGEN-B has fundamentally transformed into a global foundational infrastructure leader for innovative drugs, characterized by ultra-high gross margins and strong positive cash flow. Looking ahead, the continued expansion of high-margin overseas operations and the expected realization of subsequent high-frequency business development collaborations are projected to provide sustained, robust long-term growth momentum for the company.
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