HENGRUI PHARMA (01276) saw its shares rise more than 5% after the release of its financial results. At the time of writing, the stock was up 3.22%, trading at HKD 68.85, with a turnover of HKD 135 million.
On April 22, the company announced its financial performance for the first quarter of 2026. The group reported revenue of RMB 8.141 billion, representing a year-on-year increase of 12.98%. Net profit attributable to shareholders reached RMB 2.282 billion, up 21.78% compared to the same period last year. Basic earnings per share were RMB 0.34.
During the first quarter of 2026, revenue from innovative drug sales amounted to RMB 4.526 billion, a significant increase of 25.75% year-on-year. This segment accounted for 61.69% of total drug sales revenue. Within innovative drug sales, revenue from anti-tumor products was RMB 3.313 billion, up 11.63% year-on-year, making up 73.20% of total innovative drug sales. Revenue from non-oncology products reached RMB 1.213 billion, surging 92.13% year-on-year and accounting for 26.80% of innovative drug sales.
With the continued approval of new products and new indications, coupled with the gradual inclusion of already reimbursed innovative drugs into hospital formularies, the company aims to achieve full-year innovative drug sales growth exceeding 30%. Revenue from out-licensing of innovative drugs during the reporting period was confirmed at RMB 787 million, primarily attributable to income recognized from GSK based on the completion progress of performance obligations.
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