Shanghai Junshi Biosciences First Quarter 2024 Earnings: CN¥0.29 loss per share (vs CN¥0.55 loss in 1Q 2023)

Shanghai Junshi Biosciences (HKG:1877) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥380.8m (up 49% from 1Q 2023).
• Net loss: CN¥283.0m (loss narrowed by 48% from 1Q 2023).
• CN¥0.29 loss per share (improved from CN¥0.55 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shanghai Junshi Biosciences Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Biotechs industry in Hong Kong.

Performance of the Hong Kong Biotechs industry.

The company's shares are up 21% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Shanghai Junshi Biosciences has 1 warning sign we think you should be aware of.

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