Ascentage Pharma Group International Full Year 2024 Earnings: Misses Expectations

Ascentage Pharma Group International (HKG:6855) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥980.7m (up 342% from FY 2023).
• Net loss: CN¥405.4m (loss narrowed by 56% from FY 2023).
• CN¥1.34 loss per share (improved from CN¥3.28 loss in FY 2023).

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

Ascentage Pharma Group International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 42%.

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 17% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Ascentage Pharma Group International you should know about.

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