Summary by Moomoo AI
CONGE PHARMACEUTICAL HOLDINGS LIMITED ANNOUNCED ITS RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023, WITH REVENUE DOWN 12.4% TO RMB8,013.3 MILLION AND GROSS PROFIT DOWN 13.2% TO RMB6,109.2 MILLION. Annual profit decreased 27.2% to RMB2,384.4 million and normalized annual profit decreased 18.8% to RMB2,709.3 million. The Company proposes a final dividend of RMB0.0783 per share. During the reporting period, three innovative drugs were approved in China and included in the National Health Insurance Catalog. In addition, the company made progress in the Southeast Asian market and completed the acquisition of a Singapore manufacturing plant, enhancing its supply chain and production capacity. The company will continue to focus on innovative product development and strengthen its specialized commercialization platform, as well as expand its business in international markets.