Summary by Moomoo AI
CONXINO BIOTECHNOLOGY CORPORATION (“CONXINO”) ISSUED ON 11 APRIL 2024 THE CONTINUING SUPERVISORY TRACKING REPORT FOR 2023 ISSUED BY CITIC SECURITIES CO., LTD. (“CITIC SECURITIES”). The report showed that Concino's 2023 operating income decreased 65.49% compared to the same period last year and increased its net loss by 63.04%, mainly due to changes in the COVID-19 vaccine market demand resulting in a significant decrease in related revenues and accounting and estimates for the return of COVID-19 vaccine products. The company has increased sales expenses for the promotion of cerebrospinal vaccine products. During the reporting period, the total assets of the company and the interests attributable to the owners of the parent company decreased by 18.75% and 21.84%, respectively. Despite operational challenges, Concino remains innovative in its vaccine R...Show More