Clover Bio-B shares plummeted 5.32% during the intraday session on Thursday, following the release of the company's annual financial results which revealed a dramatic decline in revenue.
The biopharmaceutical company reported that its revenue for FY2025 dropped 90.9% to just RMB 3.5 million, primarily due to the termination of AdimFlu-S commercial activities in mainland China. The remaining revenue reflects a return-rate true-up on prior-period sales.
While the company's loss for the year narrowed by 77.3% to RMB 205.1 million, investors appeared focused on the severe revenue contraction and the 51.23% decline in cash and bank balances to RMB 271.4 million, attributed to bank-loan repayment, continued R&D investment, and daily operations.
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