Summary by Moomoo AI
VIA BIOTECHNOLOGY HOLDINGS ANNOUNCED ITS RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023, WITH REVENUES AND GROSS PROFIT DECLINES OF 9.4% AND 9.5% RESPECTIVELY. Net loss narrowed significantly to RMB99.8 million, a significant improvement from RMB504.2 million in the same period last year. Adjusted Non-International Financial Reporting Criteria net profit translated from a loss of RMB133.9 million in the same period last year to a profit of RMB208.8 million. During the reporting period, ViaBio successfully brought in strategic investors such as Tammasy, completed approximately US$2.25 million in financing and cleared all transferable debt, improving its balance sheet and cash flow. The CRO business has been affected in the medium to short term by slowing global biopharmaceutical financing, but the prospects are good in the medium and long term. CDMO CAPACITY CONTINUES TO EXPAND AND THE NUMBER OF CMC PROJECTS INCREASES. In the future, the Company will further strengthen the BD and conduit for high-quality CMC projects to drive the CMC business to achieve profit and loss balance.